International Foundation For Research In Experimental Economiic
- Assets
- $0.0
- Revenue
- $15.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- 09/1997
- Data as of
- 12/2021
- EIN
- 86-0879713
Organization Overview
International Foundation For Research In Experimental Economiic is located in Tucson, AZ. The organization was established in 1997. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Foundation For Research In Experimental Economiic 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, International Foundation For Research In Experimental Economiic generated $15.5k 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 (25.6%) each year. All expenses for the organization totaled $564.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, International Foundation For Research In Experimental Economiic has awarded 59 individual grants totaling $1,428,781. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT RESEARCH AND EDUCATION IN EXPERIMENTAL ECONOMICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPERIMENTAL ECONOMICS EDUCATION THE FOUNDATION MADE RESTRICTED GRANTS TO SUPPORT EDUCATIONAL PROGRAMS IN EXPERIMENTAL ECONOMICS. SOME SUPPORTED ACTIVITIES WERE CANCELLED OR POSTPONED, OR HELD VIRTUALLY, DUE TO THE WORLDWIDE PANDEMIC. IN JANUARY, THE FOUNDATION SUPPORTED A GRADUATE STUDENT WORKSHOP IN EXPERIMENTAL ECONOMICS AT CHAPMAN UNIVERSITY VIA ZOOM, ATTENDED BY 21 GRADUATE STUDENTS. ALSO IN JANUARY, THE FOUNDATION SUPPORTED VIRTUAL VERSIONS OF THE BOGOTA (COLOMBIA) EXPERIMENTAL ECONOMICS WORKSHOP & CONFERENCE, WITH THE KEYNOTE LECTURE AT THE CONFERENCE, BROADCAST ON YOUTUBE, ATTRACTING MORE THAN 130 PARTICIPANTS, AND THE WORKSHOP ATTRACTING 87 PARTICIPANTS. A GRANT SUPPORTED THE PARTICIPATION OF UNDERGRADUATE STUDENTS FOR FIVE WEEKS IN A VIRTUAL SUMMER SCHOLARS AND MENTORING PROGRAM HELD AT CHAPMAN UNIVERSITY. FROM JUNE THROUGH JULY, THE FOUNDATION SUPPORTED A VIRTUAL UNDERGRADUATE WORKSHOP ON COMPUTATIONAL EXPERIMENTAL ECONOMICS AT GEORGE MASON UNIVERSITY FOR UNDERGRADUATE INTERNS. THE FOUNDATION SUPPORTED 4 LECTURES HELD AT CHAPMAN UNIVERSITY AS PART OF A LECTURE SERIES.
FELLOWSHIPS AND SCHOLARSHIPSTHE FOUNDATION MADE FELLOWSHIP PAYMENTS TO TWO IFREE DISTINGUISHED FELLOWS AND TO THE 2021 RECIPIENT OF THE VERNON L. SMITH ASCENDING SCHOLAR PRIZE, JUDD KESSLER.
EXPERIMENTAL ECONOMICS RESEARCHTHE FOUNDATION MADE RESTRICTED GRANTS TO SUPPORT RESEARCH IN EXPERIMENTAL ECONOMICS, INCLUDING THE FOLLOWING: * COALITION FORMATION IN COOPERATIVE GAMES * DO VOTERS UNDERSTAND WHO BENEFITS FROM TAXES? * MOTIVATED BELIEFS, TRADING AND INFORMATION AGGREGATION * COLLABORATION AND COOPERATION IN THE PRESENCE OF ADAPTIVE ROBOTICS * MODELING OPPONENTS IN N-PLAYER GAMES: THEORY AND EXPERIMENTS * BEHAVIORAL INFLUENCES ON INVESTMENT AND PRODUCTION IN ASSET MARKETS: AN EXPERIMENTAL STUDY * NEWS (IN)ACCURACY AND SPEED * MEASURING THE IMPACT OF COMPETITION AT WORK: A FIELD EXPERIMENT IN A CAMBODIAN TEXTILE FACTORY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vernon Smith President/founder | OfficerTrustee | 3 | $0 |
Robert Gasaway Chairman Of The Board | OfficerTrustee | 3 | $0 |
Candace Smith Vice President | Officer | 3 | $0 |
Carol Breckner Treasurer | Officer | 3 | $0 |
Cary Deck Director | Trustee | 2 | $0 |
Diane Kaplan Director | Trustee | 0.3 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $7,457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,998 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,455 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $393,882 |
| Grants and other assistance to domestic individuals. | $100,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $33,984 |
| 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 | $1,348 |
| Fees for services: Accounting | $11,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,467 |
| Advertising and promotion | $1,500 |
| Office expenses | $0 |
| Information technology | $800 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,030 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,454 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,373 |
| All other expenses | $0 |
| Total functional expenses | $563,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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 | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, International Foundation For Research In Experimental Economiic has awarded $393,882 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Anchorage, AK PURPOSE: EXPERIMENTAL ECONOMICS EDUCATION | $310,000 |
Orange, CA PURPOSE: EXPERIMENTAL ECONOMICS EDUCATION | $26,815 |
Charlottesville, VA PURPOSE: EXPERIMENTAL ECONOMICS RESEARCH | $10,000 |
Santa Cruz, CA PURPOSE: EXPERIMENTAL ECONOMICS RESEARCH | $10,000 |
Providence, RI PURPOSE: EXPERIMENTAL ECONOMICS RESEARCH | $9,960 |
Middlebury, VT PURPOSE: EXPERIMENTAL ECONOMICS RESEARCH | $9,944 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Foundation For Research In Experimental Economiic has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Charles Koch Foundation Arlington, VA PURPOSE: GENERAL OPERATING SUPPORT | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gen Next Foundation Irvine, CA | $7,200,762 | $1,543,430 |
Western Economic Association International Fountain Valley, CA | $4,326,194 | $1,077,738 |
Colorado Council On Economic Education Denver, CO | $1,209,798 | $956,730 |
Radicalxchange Foundation Ltd Moraga, CA | $882,243 | $1,183,620 |
California Council On Economic Education Torrance, CA | $1,530,947 | $522,024 |
International Foundation For Research In Experimental Economiic Tucson, AZ | $0 | $15,455 |
Thomas R Brown Foundation Tucson, AZ | $2,505,392 | $2,045,037 |
Polish American Foundation For Econ Omic Research & Education Torrance, CA | $6,908 | $141,600 |
Society Of Economic Paleontologists & Mineralogists Inc Denver, CO | $54,579 | $0 |
Horizon Institute Mammoth Lakes, CA | $0 | $0 |
Sfecon Chico, CA | $151 | $0 |
Technet Foundation Inc Santa Clara, CA | $0 | $0 |