Foundation For Teaching Economics
- Assets
- $23.1k
- Revenue
- $29.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Davis, CA
- Founding
- 03/1976
- Data as of
- 08/2021
- 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 08/2021, Foundation For Teaching Economics generated $29.3k 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 (47.3%) each year. All expenses for the organization totaled $50.3k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (42.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
FTE MADE GRANTS TO THE FUND FOR AMERICAN STUDIES TO CONDUCT PROGRAMS TEACHING STUDENTS ABOUT ECONOMICS, AND TRAINING TEACHERS IN TEACHING ECONOMICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Slattery Secretary | OfficerTrustee | 1 | $0 |
Dean Zarras Treasurer | OfficerTrustee | 1 | $0 |
Frank Lauinger Chairman | OfficerTrustee | 1 | $0 |
Roger Ream President | OfficerTrustee | 1 | $0 |
Robert J Callahan Chief Financial Officer | Officer | 1 | $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 | $29,310 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,310 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,310 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,275 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $50,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,135 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,135 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $23,135 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,135 |
Grants Awarded
Over the last fiscal year, Foundation For Teaching Economics has awarded $368,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: TO CONTINUE TAX-EXEMPT PURPOSE OF FTE | $368,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Foundation For Teaching Economics has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Robertson-Finley Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $2,000 |
Fletcher Jones Foundation Pasadena, CA PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tucson Youth Development Inc Tucson, AZ | $5,641,568 | $6,561,582 |
Enterprise For Youth San Francisco, CA | $1,761,578 | $2,844,856 |
Old Skool Cafe San Francisco, CA | $2,420,596 | $2,414,498 |
Girls Build Portland, OR | $653,032 | $916,642 |
Film2future Inc Los Angeles, CA | $559,202 | $562,765 |
Junior Achievement Of Northern Nevada Inc Reno, NV | $198,342 | $277,581 |
Jews For Entrepreneurship Organization Inc San Francisco, CA | $332,175 | $480,633 |
The Realreal Foundation San Francisco, CA | $2,995,705 | $1,897 |
Five Buckets Four Shovels Foundation San Francisco, CA | $195,617 | $0 |
Orange County Education And Research Institute Irvine, CA | $172,025 | $0 |
Close The Gap Foundation Sunnyvale, CA | $75,708 | $0 |
Nick Cannon Foundation Inc Beverly Hills, CA | $3,623 | $0 |