Overview
What is Foundation For Free Enterprise Education?
The Foundation for Free Enterprise Education, based in Pennsylvania, is a dedicated nonprofit organization with a mission to enlighten the state's youth about their future involvement in the American free enterprise system. They achieve this goal by providing top-notch, practical, and interactive educational experiences. The foundation has taken on an exclusive role as the Pennsylvania coordinator for the Stock Market Game (SMG), an internationally recognized program that educates students in grades 4-12 about global capital markets, investing, and personal finance. By offering these unique learning experiences, the Foundation for Free Enterprise Education empowers Pennsylvania's young generation to become informed and active participants in the free enterprise system.
Official website here: www.pfew.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Foundation For Free Enterprise Education has received a solid rating of 83% from Charity Navigator, indicating a commendable level of accountability and transparency. The organization excels particularly in leadership and adaptability, scoring a perfect 100 in this area. With 100% independent board members and strong financial oversight, the foundation demonstrates a commitment to ethical governance and effective management of resources.
User feedback highlights the significant impact the organization has on youth, particularly through its Business Summer Camp, which reportedly fosters creativity and entrepreneurial spirit among participants. A donor praised the program's ability to ignite existing passions in kids while also attracting a strong base of supporters from various sectors, showcasing the foundation's community engagement.
However, the program expense ratio is notably lower than desired, at 56.75%, which may suggest areas for improvement in maximizing program funding relative to total expenses. While the organization shows strength in many aspects, enhancing program funding could further boost its overall effectiveness and outreach.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Foundation For Free Enterprise Education legitimate?
Foundation For Free Enterprise Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Free Enterprise Education submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $181,346
Professional Fundraising Fees: $0
Other Salaries and Wages: $447,210
For more financial information, click here
Official website here: www.pfew.org
What is the mission statement of Foundation For Free Enterprise Education?
The Foundation for Free Enterprise Education's mission is to foster awareness among Pennsylvania's youth regarding their future involvement in the American free enterprise system. This is accomplished by providing top-notch, practical, and hands-on educational experiences. The foundation serves as the exclusive coordinator for the Stock Market Game (SMG) in Pennsylvania. This globally recognized program, designed for students in grades 4-12, teaches essential concepts about global capital markets, investing, and personal finance.
Official website here: www.pfew.org
Who is the CEO of Foundation For Free Enterprise Education?
Karen M Musante is the Chairman of Foundation For Free Enterprise Education. The CEO's salary of Foundation For Free Enterprise Education is $173,966 and their total compensation is $192,166.
Official website here: www.pfew.org
What is the revenue of Foundation For Free Enterprise Education?
Foundation For Free Enterprise Education's revenue in 2022 was $1,865,641.
Official website here: www.pfew.org
Who are the executives of Foundation For Free Enterprise Education and what are their salaries?
The average compensation at Foundation For Free Enterprise Education during 2022 was $29,931. There are 21 employees and 164 volunteers at Foundation For Free Enterprise Education.
Here are 32 key members and their salaries (Foundation For Free Enterprise Education's CEO's salary is $173,966 and their total compensation is $192,166):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $173,966
- Related: $0
- Other: $18,200
Official website here: www.pfew.org
Where can I find the form 990 for Foundation For Free Enterprise Education?
Foundation For Free Enterprise Education's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pfew.org
Learn more at the official website: www.pfew.org
Mission Statement of Foundation For Free Enterprise Education
The Foundation for Free Enterprise Education, with a focus on Pennsylvania's youth, aims to enhance their understanding of their future roles in the American free enterprise system. They accomplish this mission by providing top-notch, hands-on educational experiences that are both engaging and practical. As the exclusive Pennsylvania coordinator for the Stock Market Game (SMG), they introduce students from grades 4 to 12 to global capital markets, investing, and personal finance, using an internationally acclaimed interactive in-school program. This initiative equips the next generation with crucial knowledge about the intricacies of the free enterprise system, preparing them for their future roles as active participants in this economic system.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Foundation For Free Enterprise Education significantly impacts Pennsylvania's youth by enhancing their understanding of the American free enterprise system through immersive and practical educational experiences. Its programs aim to equip students with fundamental knowledge about global capital markets, investing, and personal finance, ultimately preparing them for future roles in a dynamic economic landscape.
One key initiative is the Stock Market Game (SMG), which serves as a valuable tool for students in grades 4-12 to engage with financial concepts in a hands-on manner. This internationally recognized program facilitates learning about investing while fostering critical thinking and decision-making skills, which are essential for future financial literacy.
By focusing on youth development, the Foundation's efforts not only raise awareness about economic principles but also inspire confidence and competence in managing personal and community economies. The combined influence of these educational experiences shapes informed, engaged future leaders who understand the importance of the free enterprise system in a global context.
This information is meant to be a general summary of Foundation For Free Enterprise Education. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $192,973
- Program Service Revenue: $474,822
- Gross Receipts: $3,564,344
Assets and Liabilities:
- Total Assets: $5,614,586
- Total Liabilities: $416,845
- Net Assets: $5,197,741
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$471,318
OTHER INCOME
Revenue
$3,504
Organization Details
Founding Year
1979
Phone
(814) 833-9576Principal Officer
Karen M Musante
Main Address
3076 WEST 12TH STREET, ERIE, PA, 16505
Website
www.pfew.orgNTEE Category
Code: O53I - Youth development
If you are a representative of Foundation For Free Enterprise Education and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.