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Free Enterprise Foundation Inc

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

EIN: 364439179 ✦ Moline, IL ✦ Designated as a 501(c)(3)

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Overview

What is Free Enterprise Foundation Inc?

Free Enterprise Foundation Inc, based in Moline, Illinois, is a nonprofit organization that primarily supports Junior Achievement of the Heartland, Inc. Their goal is to provide stable and long-term growth through endowment giving opportunities. The organization aids Junior Achievement in its initiatives to educate and inspire children about the value of free enterprise, business, and economics, ultimately improving their lives. This collaboration aims to enhance the quality of life for children by fostering an understanding and appreciation for these fundamental concepts.

Is Free Enterprise Foundation Inc legitimate?

Free Enterprise Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Free Enterprise Foundation Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Free Enterprise Foundation Inc?

The Free Enterprise Foundation Inc has a primary mission to offer endowment giving opportunities for Junior Achievement of the Heartland, Inc. This aim is designed to provide stability and long-term growth to the organization. The foundation provides grants to Junior Achievement of the Heartland, Inc., which are utilized to support their operations and programs. These programs aim to educate and inspire children about the value of free enterprise, business, and economics. The goal is to enhance the quality of their lives.

Who is the CEO of Free Enterprise Foundation Inc?

James Dougal Nelson is the Vice-Chair of Free Enterprise Foundation Inc.

What is the revenue of Free Enterprise Foundation Inc?

Free Enterprise Foundation Inc's revenue in 2022 was $356,105.

Who are the executives of Free Enterprise Foundation Inc and what are their salaries?


Here are 7 key members and their salaries:


Jim Watson (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Dougal Nelson (Secretary)
  • Compensation: $0
  • Related: $129,993
  • Other: $5,200
Sheila Volrath (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Victor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lance Heuer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Weber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenn Medhus (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Free Enterprise Foundation Inc?

Free Enterprise Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Free Enterprise Foundation Inc

Free Enterprise Foundation Inc, as per its primary exempt purpose, offers endowment giving opportunities to Junior Achievement of the Heartland, Inc. This endeavor aims to provide the organization with stability and promote long-term growth. By providing grants to Junior Achievement of the Heartland, Inc., the Foundation supports their operations and programs. These initiatives are designed to educate and inspire children, fostering a positive outlook towards free enterprise, business, and economics. The ultimate goal is to enhance the quality of these children's lives.

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Impact




October, 2024

Free Enterprise Foundation Inc plays a significant role in youth development by supporting Junior Achievement of the Heartland, Inc. through grant funding. This financial backing helps sustain operations and programs that educate and inspire children about the principles of free enterprise, business, and economics. By fostering an understanding of these concepts, the foundation enhances the quality of life for young people, equipping them with essential skills and knowledge that can lead to future success in their personal and professional lives. The focus on long-term stability and growth through endowment giving opportunities reinforces the foundation's commitment to nurturing future generations and empowering them to thrive in a competitive economic landscape.




This information is meant to be a general summary of Free Enterprise Foundation Inc. 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.

Revenue
$356,105 (2022)
Expenses
$567,432 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $139,752
  • Gross Receipts: $356,105

Assets and Liabilities:

  • Total Assets: $3,473,914
  • Total Liabilities: $3,610
  • Net Assets: $3,470,304

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Organization Details

Founding Year

2000

Principal Officer

James Dougal Nelson

Main Address

800 12TH AVENUE, MOLINE, IL, 61265

NTEE Category

Code: O115 - Youth development

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