Overview
What is Foundation For Rational Economics And Education Inc?
The Foundation For Rational Economics And Education Inc, stationed in Lake Jackson, Texas, is a non-profit organization with a focus on promoting understanding of economic and social issues. They achieve this mission through disseminating information via publications and broadcasts. Established with a non-partisan approach, this organization advocates for the principles of free-market economics, sound monetary policies, and limited government intervention. With a modest team of four employees, they continue to play an essential role in fostering public education and awareness on these crucial matters.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 20%, Zero-Star out of Four Star rating
The Foundation For Rational Economics And Education Inc has received a very low rating of 20% from Charity Navigator, which translates to a Zero-Star rating. This score is derived entirely from the Accountability & Finance beacon, indicating significant deficiencies in financial transparency and governance. Notably, the organization has no independent board members and fails to provide essential financial statements, which raises concerns about its operational integrity.
The absence of a conflict of interest policy and the lack of a website listed on its tax forms further contribute to its poor accountability score. While the organization does have some positive aspects, such as having a whistleblower policy and maintaining documentation for board meeting minutes, these do not sufficiently mitigate the serious concerns highlighted in the financial and governance assessment.
Overall, the significant shortcomings in independent oversight and transparency, alongside a concerning program expense ratio of nearly 50%, suggest that potential donors should exercise caution. The lack of independent governance and financial reporting raises questions about the organization's ability to effectively manage resources and fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Rational Economics And Education Inc legitimate?
Foundation For Rational Economics And Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Rational Economics And Education 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: $133,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Foundation For Rational Economics And Education Inc?
The Foundation for Rational Economics & Education Inc. is a non-partisan organization committed to public education. Their primary focus is on promoting the principles of free-market economics, sound money, and limited government. They achieve this mission through various educational activities, such as publishing materials and broadcasts. The organization continues to emphasize the importance of educating the public on economic and social issues.
Who is the CEO of Foundation For Rational Economics And Education Inc?
Ronald W Paul is the Vp/Treasurer of Foundation For Rational Economics And Education Inc.
What is the revenue of Foundation For Rational Economics And Education Inc?
Foundation For Rational Economics And Education Inc's revenue in 2022 was $643,067.
Who are the executives of Foundation For Rational Economics And Education Inc and what are their salaries?
The average compensation at Foundation For Rational Economics And Education Inc during 2022 was $33,375. There are 4 employees and 5 volunteers at Foundation For Rational Economics And Education Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $133,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Foundation For Rational Economics And Education Inc?
Foundation For Rational Economics And Education Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Foundation For Rational Economics And Education Inc
The Foundation for Rational Economics and Education Inc, often referred to as F.R.E.E., is a non-partisan organization with a mission to educate the public on fundamental economic and social principles. This nonprofit is committed to promoting the concepts of free-market economics, sound money, and limited government. Through its educational efforts, F.R.E.E. aims to influence public understanding and shape policy decisions that align with these principles. The organization's activities primarily involve publishing materials and broadcasts, continually emphasizing the importance of these economic and social issues.
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Impact
July, 2024
Foundation For Rational Economics And Education Inc's impact is significant in promoting public education on the principles of free-market economics, sound money, and limited government. Through its emphasis on educating people on economic and social issues through publications and broadcasts, the organization plays a crucial role in fostering a better understanding of these concepts. This ultimately contributes to a more informed and engaged public, promoting discussions and actions that align with principles of free-market economics and limited government.
This information is meant to be a general summary of Foundation For Rational Economics And Education 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5
- Program Service Revenue: $52,221
- Gross Receipts: $643,067
Assets and Liabilities:
- Total Assets: $1,117,838
- Total Liabilities: $0
- Net Assets: $1,117,838
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Organization Details
Founding Year
1976
Phone
(979) 265-3034Principal Officer
Ronald W Paul
Main Address
PO Box 1776, Lake Jackson, TX, 77566
NTEE Category
Code: A32Z - Arts
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