Foundation For Rational Economics And Education Inc
- Assets
- $1.3m
- Revenue
- $784.5k
- Investments
- $77.4k
- Employees
- 4
- Location
- Lake Jackson, TX
- Founding
- 01/1980
- Data as of
- 12/2021
- EIN
- 74-2066841
Organization Overview
Foundation For Rational Economics And Education Inc is located in Lake Jackson, TX. The organization was established in 1980. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Foundation For Rational Economics And Education Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Rational Economics And Education Inc 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 12/2021, Foundation For Rational Economics And Education Inc generated $784.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $678.3k during the year ending 12/2021. While expenses have increased by 7.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE FOUNDATION FOR RATIONAL ECONOMICS & EDUCATION, INC. (F.R.E.E.) IS A NON-PARTISAN ORGANIZATION DEDICATED TO PUBLIC EDUCATION ON THE PRINCIPLES OF FREE-MARKET ECONOMICS, SOUND MONEY & LIMITED GOVERNMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED EMPHASIS ON THE EDUCATION OF ECONOMIC & SOCIAL ISSUES THROUGH PUBLICATIONS AND BROADCASTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Mcadams Special Projects Director | 50 | $116,000 | |
Carol Paul President & Sec | OfficerTrustee | 3 | $0 |
Ronald W Paul Vp/treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $721,391 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $721,391 |
| Total Program Service Revenue | $26,436 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $36,715 |
| 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 | $784,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $116,000 |
| Compensation of current officers, directors, key employees. | $61,480 |
| Compensation to disqualified persons | $160,500 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,068 |
| Payroll taxes | $21,152 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,006 |
| Office expenses | $28,953 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,118 |
| 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 | $1,193 |
| Insurance | $0 |
| All other expenses | $98,288 |
| Total functional expenses | $678,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,174,556 |
| 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 | $30,911 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $77,371 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $563 |
| Total assets | $1,283,401 |
| 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 | $1,283,401 |
| 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 | $1,283,401 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Foundation For Rational Economics And Education Inc has recieved totaling $24,425.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,352 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $8,848 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,726 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $499 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Of Texas Public Telecommunications Council Austin, TX | $23,167,186 | $19,588,032 |
Oklahoma Educational Television Authority Foundation Inc Oklahoma City, OK | $0 | $5,375,816 |
Greater New Orleans Educational Television Foundation New Orleans, LA | $17,354,764 | $5,233,389 |
Alamo Public Telecommunications Council San Antonio, TX | $8,269,201 | $5,542,564 |
Arkansas Educational Telecommunications Network Fdn Conway, AR | $10,223,173 | $4,896,981 |
Jacksonville Educators Broadcasting Inc Fort Worth, TX | $3,928,618 | $2,166,994 |
Houston Media Source Inc Houston, TX | $7,858,061 | $1,717,941 |
Permian Basin Public Telecommunications Inc Midland, TX | $6,948,171 | $1,865,396 |
Rgv Educational Broadcasting Inc Brownsville, TX | $0 | $489,198 |
Educational Broadcasting Foundation Inc New Orleans, LA | $2,662,068 | $1,899,777 |
Christian Ministries Of The Valley Inc Weslaco, TX | $2,852,829 | $1,105,260 |
Clean Channel Association Inc Pasadena, TX | $550,701 | $701,147 |