Overview
What is Economic Fundamentals Initiative Inc?
Economic Fundamentals Initiative Inc, based in Newark, New Jersey, is a nonprofit organization dedicated to fostering economic literacy. They primarily focus on Central and Eastern Europe, as well as the countries of the former Soviet Union, by creating and distributing educational materials. Their mission involves translating, publishing, and promoting economics textbooks to further economic understanding in these regions. The organization engages in various activities beyond this primary focus to promote economic knowledge and related fields.
Official website here: www.econfun.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Economic Fundamentals Initiative Inc has received an overall score of 81%, earning it a Three-Star rating, which indicates strong performance particularly in Accountability and Finance. This score reflects a high level of transparency and a commitment to ethical practices, as evidenced by the charity's independent board composition and the absence of material asset diversion.
The organization boasts a robust accountability framework, with 75% of its board members being independent and a comprehensive disclosure of policies such as conflict of interest and whistleblower protections. Additionally, the charity maintains a solid program expense ratio of 80.03%, demonstrating that a significant portion of its resources is directed toward its stated mission.
Despite its positive attributes, the rating is based solely on the Accountability and Finance beacon, suggesting that other aspects of the organization's performance, such as impact and sustainability, were not evaluated in this summary. This limitation points to a need for potential donors to consider additional factors beyond financial accountability when assessing the overall effectiveness of the charity.
This AI summary has been generated from information found on Charity Navigator.
Is Economic Fundamentals Initiative Inc legitimate?
Economic Fundamentals Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Fundamentals Initiative 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: $24,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $309,784
For more financial information, click here
Official website here: www.econfun.org
What is the mission statement of Economic Fundamentals Initiative Inc?
The Economic Fundamentals Initiative Inc's mission involves translating, publishing, and promoting economics textbooks, specifically focusing on Central and Eastern Europe and the countries of the former Soviet Union. This initiative aims to enhance economic literacy among students, leaders, and citizens in these regions. By creating, adapting, and distributing educational materials, the organization works towards increasing understanding of economics and related fields. Additionally, the Economic Fundamentals Initiative Inc engages in other activities to further promote economic knowledge.
Official website here: www.econfun.org
Who is the CEO of Economic Fundamentals Initiative Inc?
Randall Filer is the President of Economic Fundamentals Initiative Inc.
Official website here: www.econfun.org
What is the revenue of Economic Fundamentals Initiative Inc?
Economic Fundamentals Initiative Inc's revenue in 2022 was $1,265,569.
Official website here: www.econfun.org
Who are the executives of Economic Fundamentals Initiative Inc and what are their salaries?
There 1 volunteer at Economic Fundamentals Initiative Inc.
Here are 4 key members and their salaries:
- Compensation: $24,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.econfun.org
Where can I find the form 990 for Economic Fundamentals Initiative Inc?
Economic Fundamentals Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.econfun.org
Learn more at the official website: www.econfun.org
Mission Statement of Economic Fundamentals Initiative Inc
Economic Fundamentals Initiative Inc, a nonprofit organization, is dedicated to translating, publishing, and promoting economics textbooks. Their mission focuses on Central and Eastern Europe, as well as the countries that once comprised the Soviet Union. By carrying out these activities, the initiative aims to increase economic literacy among students, leaders, and citizens in these regions. Beyond translating and distributing educational materials, Economic Fundamentals Initiative Inc also engages in other activities to expand understanding of economics and related fields.
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Impact
July, 2024
The Economic Fundamentals Initiative Inc has a significant impact on increasing economic literacy among students, leaders, and citizens in Central and Eastern Europe, including the countries of the former Soviet Union. By creating, adapting, and distributing educational materials focused on economics, they are instrumental in enhancing understanding of economic principles and related fields in these regions. Their efforts contribute to the empowerment of individuals and the overall economic development of the countries they serve.
This information is meant to be a general summary of Economic Fundamentals Initiative 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.
- Gross Receipts: $1,265,569
Assets and Liabilities:
- Total Assets: $2,413,035
- Total Liabilities: $0
- Net Assets: $2,413,035
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Organization Details
Founding Year
2019
Phone
(609) 357-4063Principal Officer
Randall Filer
Main Address
110 JABEZ STREET SUITE 1060, NEWARK, NJ, 07105
Website
www.econfun.orgNTEE Category
Code: A30 - Arts
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