Foundation For Free Enterprise Education

Organization Overview

Foundation For Free Enterprise Education is located in Erie, PA. The organization was established in 1981. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. As of 09/2022, Foundation For Free Enterprise Education employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Free Enterprise Education is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2022, Foundation For Free Enterprise Education generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.4m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO HEIGHTEN THE AWARENESS OF PENNSYLVANIA'S YOUTH ABOUT THEIR FUTURE ROLE IN THE AMERICAN FREE ENTERPRISE SYSTEM BY DELIVERING HIGH-QUALITY AND PRACTICAL HANDS-ON EDUCATIONAL EXPERIENCES. THE FOUNDATION ALSO BECAME THE EXCLUSIVE PENNSYLVANIA COORDINATOR FOR THE STOCK MARKET GAME (SMG). SMG IS AN INTERNATIONALLY ACCLAIMED INTERACTIVE IN-SCHOOL PROGRAM THAT TEACHES STUDENTS IN GRADES 4-12 ABOUT GLOBAL CAPITAL MARKETS, INVESTING AND PERSONAL FINANCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION FOR FREE ENTERPRISE EDUCATION SUCCESSFULLY OPERATED THREE HANDS-ON YOUTH EDUCATION PROGRAMS THAT IMPACTED MORE THAN 10,000 YOUNG PENNSYLVANIANS IN 2022. PENNSYLVANIA FREE ENTERPRISE WEEK (PFEW) TEACHES HIGH SCHOOL STUDENTS ABOUT BUSINESS AND FREE ENTERPRISE AND HELPS THEM DEVELOP RELEVANT, JOB-READY SKILLS. PFEW OPERATED FIVE WEEK-LONG SUMMER SESSIONS ON THE CAMPUSES OF LYCOMING COLLEGE AND PENNSYLVANIA COLLEGE OF TECHNOLOGY IN WILLIAMSPORT, PA, EDUCATING 1,556 STUDENTS STATEWIDE. THE STOCK MARKET GAME (SMG) GREW SIGNIFICANTLY FROM 2021, EDUCATING 8,646 STUDENTS IN GRADES 4-12 STATEWIDE DURING THE 2021-2022 SCHOOL YEAR. SMG TEACHES STUDENTS ABOUT INVESTING, CAPITAL MARKETS AND FINANCIAL LITERACY. THE SPEAKER SERIES CONTINUED ITS STEADY GROWTH, ACCUMULATING A TOTAL OF MORE THAN 7,400 UNIQUE VIEWS SINCE 2020. THIS SERIES OF CAREER EXPLORATION AND WORKFORCE DEVELOPMENT VIDEOS AND RESOURCES IS NOW BEING USED BY A GROWING NUMBER OF CHAMBER AND BUSINESS ASSOCIATIONS AS PART OF THEIR EXISTING WORKFORCE DEVELOPMENT INITIATIVES. A NEW SERIES OF SHORT VIDEOS FOCUSING ON SPECIFIC JOBS AND EMPLOYERS IN VARIOUS AREAS OF THE STATE IS PLANNED FOR 2023.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Karen M Musante
President & CEO
$173,966
Vincent J Matteo
Chairman
$0
Kevin Shivers
Treasurer
$0
Katie E Clarke
Vice Chairperson
$0
Jon G Whiteman
Vice Chairman/assistant Tr
$0
Chad M Amond
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,197,846
Noncash contributions included in lines 1a–1f $15,600
Total Revenue from Contributions, Gifts, Grants & Similar$1,197,846
Total Program Service Revenue$474,822
Investment income $284,626
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$91,653
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,865,641

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Foundation For Free Enterprise Education has recieved totaling $3,125.

Awarding OrganizationAmount
Samuel And Edith@justus Charitable Trust

Pittsburgh, PA

PURPOSE: PFEW VENANGO COUNTY

$3,125
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$257,736
Earnings-$45,037
Admin Expense$2,127
Net Contributions$12,014
Other Expense$7,500
Ending Balance$215,086

Create an account to unlock the data you need.

or