Foundation For Teaching Economics
- Assets
- $21.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Davis, CA
- Founding
- 03/1976
- Data as of
- 08/2023
- EIN
- 51-0183347
Organization Overview
Foundation For Teaching Economics is located in Davis, CA. The organization was established in 1976. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Teaching Economics 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 08/2023, Foundation For Teaching Economics generated $87.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (34.6%) each year. All expenses for the organization totaled $94.5k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (32.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
FTE MADE GRANTS TO THE FUND FOR AMERICAN STUDIES TO CONDUCT PROGRAMS TEACHING STUDENTS ABOUT ECONOMICS, AND TRAINING TEACHERS IN TEACHING ECONOMICS.PROGRAMS ARE ALL RUN BY RELATED ORGANIZATION THE FUND FOR AMERICAN STUDIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Ream Chairman | 1 | $0 | |
Steve Slattery Vice Chair | 1 | $0 | |
Robert Callahan Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,200 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $87,200 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $44,492 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $94,492 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,353 |
| Other assets | $0 |
| Total assets | $21,042 |
| Total liabilities | $13,818 |
| Net assets or fund balances | $7,224 |
Grants Awarded
Over the last fiscal year, Foundation For Teaching Economics has awarded $368,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE FUND FOR AMERICAN STUDIES PURPOSE: TO CONTINUE TAX-EXEMPT PURPOSE OF FTE | $368,000 |