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Foundation For Teaching Economics

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

EIN: 510183347 ✦ Davis, CA ✦ Designated as a 501(c)(3)

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Overview

What is Foundation For Teaching Economics?

The Foundation For Teaching Economics is a nonprofit organization that plays a significant role in fostering economic understanding among young leaders. Based on the provided information, this organization funds initiatives that expose individuals to economic concepts pertaining to both national and international issues. Additionally, they support excellence in economic education by offering grants to the Fund for American Studies. This funding aids in the development of economics teaching programs for students and provides training opportunities for educators. The aim of these efforts is to instill a strong foundation in economic principles, empowering the next generation of leaders.


Official website here: www.fte.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 77% (Three-Star out of Four Star Rating)

The Foundation for Teaching Economics holds a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The score of 77% reflects a strong focus on responsible financial management, with a program expense ratio of 94.47%, suggesting that a significant majority of its resources are directed toward its mission-related activities.

The organization demonstrates commendable transparency and governance practices, as evidenced by its perfect scores in several areas, including material diversion of assets and the presence of essential policies such as conflict of interest and whistleblower protections. Additionally, the foundation maintains comprehensive documentation, including board meeting minutes, further illustrating its commitment to accountability.

While the overall rating is positive, it is important to note that there is only one beacon score contributing to the overall rating, which may limit the depth of financial assessment. Nonetheless, the high scores in accountability suggest that the Foundation for Teaching Economics is effectively managing its resources to fulfill its educational mission.


This AI summary has been generated from information found on Charity Navigator.

Is Foundation For Teaching Economics legitimate?

Foundation For Teaching Economics is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Teaching Economics 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


Official website here: www.fte.org

What is the mission statement of Foundation For Teaching Economics?

The Foundation for Teaching Economics (FTE) is an organization dedicated to promoting economic education. Its mission is to foster economic thinking among young leaders by focusing on both national and international issues. Additionally, FTE supports the pursuit of excellence in economic education by offering grants to the Fund for American Studies. These grants are utilized for teaching programs for students and teacher training initiatives. In essence, FTE is committed to nurturing the next generation of economic leaders and enhancing the quality of economic education.


Official website here: www.fte.org

Who is the CEO of Foundation For Teaching Economics?

Roger R Ream is the President of Foundation For Teaching Economics.


Official website here: www.fte.org

What is the revenue of Foundation For Teaching Economics?

Foundation For Teaching Economics's revenue in 2022 was $145,824.


Official website here: www.fte.org

Who are the executives of Foundation For Teaching Economics and what are their salaries?


Here are 5 key members and their salaries:


Roger Ream (President)
  • Compensation: $0
  • Related: $380,334
  • Other: $26,395
Steve Slattery (Secretary)
  • Compensation: $0
  • Related: $191,379
  • Other: $27,949
Dean Zarras (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Lauinger (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert J Callahan (Chief Financial Officer)
  • Compensation: $0
  • Related: $171,216
  • Other: $30,310


Official website here: www.fte.org

Where can I find the form 990 for Foundation For Teaching Economics?

Foundation For Teaching Economics's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.fte.org

Learn more at the official website: www.fte.org

Mission Statement of Foundation For Teaching Economics

The Foundation for Teaching Economics, as an organization, is dedicated to funding programs that encourage young leaders to develop an understanding of economic concepts on both a national and international scale. Its mission extends beyond this, also supporting the enhancement of economic education by providing grants to the Fund for American Studies for instructional programs aimed at students and educators. By doing so, the Foundation for Teaching Economics aims to foster excellence in economic education, ultimately nurturing a new generation of individuals equipped with a solid understanding of economic principles.

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Impact




October, 2024

Foundation For Teaching Economics significantly impacts youth by introducing them to economic thinking, which is essential for understanding both national and international issues. By funding programs that enhance economic education, the organization fosters the development of young leaders equipped with critical thinking skills that are vital in today’s complex world. Through grants to initiatives like the Fund for American Studies, it supports economics teaching programs and training for educators, ensuring that students receive high-quality instruction. This commitment to economic education excellence not only empowers individuals but also promotes a society that values informed decision-making and civic engagement. The organization plays a crucial role in shaping the economic understanding of future generations, ultimately contributing to the development of informed citizens and leaders.




This information is meant to be a general summary of Foundation For Teaching Economics. 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
$145,824 (2022)
Expenses
$154,443 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $145,824

Assets and Liabilities:

  • Total Assets: $14,516
  • Total Liabilities: $0
  • Net Assets: $14,516

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Organization Details

Founding Year

1975

Principal Officer

Roger R Ream

Main Address

260 RUSSELL BOULEVARD SUITE B, DAVIS, CA, 95616

NTEE Category

Code: O53Z - Youth development

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