nonprofit logo

Foundation For Free Enterprise Education

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 251394365 ✦ Erie, PA ✦ Designated as a 501(c)(3)

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

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.

Here 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):

    Karen M Musante (President & Ceo)
  • Compensation: $173,966
  • Related: $0
  • Other: $18,200

    • Vincent J Matteo (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Palisin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott R Wyman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ryan L Newman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Russell P Brooks (Immediate Past Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rudolph D Frank (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert F Durkin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul J Ward Esq (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patricia A Baun (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nick N Scott Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ms Lindsay Griffin-Boylan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr Robert J Wetzel Esq (Emeritus Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr Lawrence E Rybacki (Emeritus Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr Kyle P Wherrity (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr James Kilgallon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr George M Book Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark A Karenchak (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lowman S Henry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin W Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Shivers (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katie E Clarke (Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph D Hurd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jon G Whiteman (Vice Chairman/Assistant Tr) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jason C Fink (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gene Barr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary M Goss (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dennis E Doll (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David N Taylor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David A Campbell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Darlene J Robbins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chad M Amond (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.pfew.org

    Where can I find the form 990 for Foundation For Free Enterprise Education?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Foundation For Free Enterprise Education's impact is significant in heightening the awareness of Pennsylvania's youth about their future role in the American free enterprise system. Through high-quality and practical hands-on educational experiences, including the Stock Market Game program, the foundation equips students in grades 4-12 with knowledge about global capital markets, investing, and personal finance. By fostering a better understanding of economics and entrepreneurship, the foundation plays a crucial role in preparing the next generation for success in the business world.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Karen M Musante

    Main Address

    3076 WEST 12TH STREET, ERIE, PA, 16505

    NTEE 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.