Overview
What is International Foundation For Research In Experimental Economics?
The International Foundation For Research In Experimental Economics, based in Tucson, Arizona, is a nonprofit organization dedicated to fostering advancements in experimental economics. It supports educational programs through restricted grants, promoting research and education in this field. Amidst the worldwide pandemic, some activities were altered or moved online. In January, the foundation sponsored a graduate student workshop on experimental economics at Chapman University via Zoom, attended by 21 students. Additionally, the foundation supported virtual versions of workshops and conferences in Bogota, Colombia, attracting several participants. Furthermore, the foundation funded a virtual summer scholars and mentoring program for undergraduate students at Chapman University and a workshop on computational experimental economics at George Mason University. The foundation's mission is to improve the understanding of exchange systems and human betterment through experimental economics, sponsoring primary research and hosting workshops, academic discussions, and outreach programs.
Official website here: www.ifreeweb.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating
The International Foundation For Research In Experimental Economics holds a solid rating of 83%, indicating a commendable level of accountability and financial health. With a perfect score for having a majority of independent board members and a high program expense ratio of 96.2%, the organization demonstrates a strong commitment to utilizing its resources effectively for its mission.
However, there are some limitations noted in the evaluation. The organization lacks a whistleblower policy and a document retention and destruction policy, which are crucial for transparency and governance practices. Despite these areas for improvement, the absence of any material diversion of assets reflects positively on its financial integrity.
Overall, the organization shows promise with its strong governance structure and financial management, although addressing the noted policy gaps could enhance its accountability and trustworthiness further.
This AI summary has been generated from information found on Charity Navigator.
Is International Foundation For Research In Experimental Economics legitimate?
International Foundation For Research In Experimental Economics is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Foundation For Research In Experimental 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.
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Official website here: www.ifreeweb.org
What is the mission statement of International Foundation For Research In Experimental Economics?
The International Foundation For Research in Experimental Economics (IFREE) is committed to promoting human betterment through experimental economics. Their mission is to enhance the understanding of exchange systems by funding primary research in market and personal exchange systems. Beyond research, IFREE also sponsors educational workshops, academic discussions, and outreach programs to engage individuals outside the economics profession. These activities aim to foster interdisciplinary collaboration and promote the dissemination of knowledge in the field of experimental economics.
Official website here: www.ifreeweb.org
Who is the CEO of International Foundation For Research In Experimental Economics?
Vernon L Smith is the Principal Officer of International Foundation For Research In Experimental Economics.
Official website here: www.ifreeweb.org
What is the revenue of International Foundation For Research In Experimental Economics?
International Foundation For Research In Experimental Economics's revenue in 2021 was $15,455.
Official website here: www.ifreeweb.org
Who are the executives of International Foundation For Research In Experimental Economics and what are their salaries?
There 15 volunteers at International Foundation For Research In Experimental Economics.
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Official website here: www.ifreeweb.org
Where can I find the form 990 for International Foundation For Research In Experimental Economics?
International Foundation For Research In Experimental Economics's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.ifreeweb.org
Learn more at the official website: www.ifreeweb.org
Mission Statement of International Foundation For Research In Experimental Economics
The International Foundation for Research in Experimental Economics, or IFREE, is dedicated to advancing research and education in the field of experimental economics. The organization's mission is to foster human betterment by improving our understanding of exchange systems. To achieve this goal, IFREE primarily funds primary research in market and personal exchange systems. Moreover, the foundation sponsors participatory, hands-on educational workshops, interdisciplinary academic discussions, and outreach programs to engage individuals outside the economics profession. Through these initiatives, IFREE aims to promote the development and dissemination of knowledge in experimental economics, ultimately contributing to the improvement of societal outcomes.
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Impact
October, 2024
The International Foundation For Research In Experimental Economics (IFREE) significantly enhances the field of experimental economics through its robust support for research and educational initiatives. By funding various programs, IFREE promotes a deeper understanding of market and personal exchange systems, facilitating innovative academic and participatory workshops that engage both students and professionals.
During the challenges presented by the global pandemic, IFREE adapted by transitioning many of its initiatives to a virtual format, ensuring continued access to essential educational resources. For instance, they organized a graduate student workshop attended by 21 participants and supported a virtual conference in Bogotá, which attracted over 130 participants. These efforts highlighted the foundation's commitment to sustaining academic discussions despite logistical hurdles.
IFREE's impact extends to undergraduate education, exemplified by their sponsorship of a virtual summer scholars program and a computational experimental economics workshop. These initiatives provide critical training and mentorship, empowering a new generation of economists.
Through its wide array of funded events, lectures, and workshops, IFREE not only furthers research in experimental economics but also fosters interdisciplinary collaboration, creating opportunities for knowledge exchange beyond the traditional confines of the discipline. This approach not only enriches the academic community but also contributes to human betterment by improving our understanding of complex economic systems.
This information is meant to be a general summary of International Foundation For Research In Experimental 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $15,455
- Gross Receipts: $601,646
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1997
Phone
(520) 991-0109Principal Officer
Vernon L Smith
Main Address
2122 E CAMINO EL GANADO, TUCSON, AZ, 857184108
Website
www.ifreeweb.orgNTEE Category
Code: V22 - Social research
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