Econnix Foundation
- Assets
- $388.5k
- Revenue
- $11.6k
- Investments
- $176.2k
- Employees
- 0
- Location
- Hernando, FL
- Founding
- 09/2010
- Data as of
- 06/2024
- EIN
- 27-0391963
Organization Overview
Econnix Foundation is located in Hernando, FL. The organization was established in 2010. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Econnix Foundation 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 06/2024, Econnix Foundation generated $11.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.8%) each year. All expenses for the organization totaled $76.3k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ECONNIX FOUNDATION IS DEDICATED TO THE ADVANCEMENT OF ECONOMIC AND FINANCIAL LITERACY AMONG YOUNG PEOPLE AGES 13 TO 29 YEARS OF AGE. THOUGH ITS FREE VIDEO BASED WEBSITE, (WWW.ECONNIX.COM ), THE ORGANIZATION PRESENTS WIDE RANGING ECONOMIC AND FINANCIAL COMMENTARY FROM LEADING ECONOMIST, MONEY MANAGERS AND FINANCIAL EDUCATORS. IN ONLY THIRTY MINUTES A MONTH, THE ECONNIX WEB SITE HELPS TO EDUCATE YOUNG PEOPLE ON THE MOST CURRENT ECONOMIC AND FINANCIAL ISSUES OF THE DAY AND HOW THESE ISSUES WILL IMPACT INDIVIDUALS, MARKETS AND NATIONS OVER TIME. IT IS THE FOUNDATION'S BELIEF THAT IF A YOUNG PERSON REGULARLY VIEWS ITS CONCISE VIDEO CONTENT, THEY WILL SOON GAIN KNOWLEDGE AND UNDERSTANDING EQUIVALENT TO OBTAINING A DEGREE IN GENERAL FINANCE OR ECONOMICS. SUCH VITAL KNOWLEDGE IS ABSENT FROM TODAY'S SECONDARY EDUCATION AND THE ECONNIX FOUNDATION HAS ARISEN TO MEET THIS IMPORTANT NATIONWIDE NEED. OUR VOLUNTEER EDITORS AND ADVISORS CONTINUE TO BE A VITAL TO THE EDUCATIONAL MISSION OF THE FOUN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mcnamara Ex. Trustee | 0 | $37,538 | |
Anne Mcnamara Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,589 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,127 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$102 |
| Total Revenue | $11,560 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,538 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $20,475 |
| Interest | $0 |
| Taxes | $3,557 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,462 |
| Printing and publications | $0 |
| Other expenses | $10,444 |
| Total operating and administrative expenses | $76,305 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $76,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $355 |
| Savings and temporary cash investments | $204,701 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,181 |
| Total assets | $388,454 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |