Overview
What is Southern Economic Association C/O Free Market Institute?
The Southern Economic Association C/O Free Market Institute is a nonprofit organization primarily situated in Lubbock, Texas. Their primary mission is to advance the education of scholars and the general public in economic affairs. They achieve this through annual conferences that feature distinguished speakers in the field of economics, aiming to stimulate interest and disseminate the findings of recent research in both theoretical and applied economics. Furthermore, they publish the Southern Economic Journal, contributing to the dissemination of knowledge in economic studies. The organization's headquarters are located at Texas Tech University, providing a base for their educational endeavors.
Official website here: www.sea@ttu.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, Two-Star out of Four Star rating
The Southern Economic Association C/O Free Market Institute holds a Two-Star rating from Charity Navigator, indicating a need for improvement in various accountability and financial practices. The overall score is based solely on the Accountability & Finance category, where the organization scored 63%. This score reflects a mixture of strong financial management practices but highlights significant deficiencies, particularly relating to board independence and the existence of critical policies.
Despite achieving perfect scores in areas such as financial statement reviews and the absence of material asset diversion, the organization has no independent board members, which is a significant drawback. Additionally, it lacks a whistleblower policy, a document retention and destruction policy, and has not posted its tax form on its website, which contributes to its overall low accountability rating. While the program expense ratio of 61.69% indicates that a majority of expenses are directed towards programs, the absence of independent oversight raises concerns about governance.
In summary, while the Southern Economic Association C/O Free Market Institute demonstrates some strong financial practices, its Two-Star rating reveals critical gaps in governance and policy adherence that could affect its long-term sustainability and public trust. Addressing these issues would be essential for enhancing its accountability and overall effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Southern Economic Association C/O Free Market Institute legitimate?
Southern Economic Association C/O Free Market Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Economic Association C/O Free Market Institute 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: $54,472
For more financial information, click here
Official website here: www.sea@ttu.edu
What is the mission statement of Southern Economic Association C/O Free Market Institute?
The Southern Economic Association C/O Free Market Institute's mission is centered around fostering education in economic affairs. They strive to stimulate interest and disseminate the outcomes of recent research in both theoretical and applied economics. One of their primary methods for achieving this mission is by organizing an annual conference, where distinguished scholars in the field of economics share their knowledge and insights on economic affairs, educating attendees. Additionally, they publish the Southern Economic Journal, contributing to the wider dissemination of economic research and knowledge.
Official website here: www.sea@ttu.edu
Who is the CEO of Southern Economic Association C/O Free Market Institute?
Benjamin Powell is the Trustee of Southern Economic Association C/O Free Market Institute.
Official website here: www.sea@ttu.edu
What is the revenue of Southern Economic Association C/O Free Market Institute?
Southern Economic Association C/O Free Market Institute's revenue in 2022 was $621,010.
Official website here: www.sea@ttu.edu
Who are the executives of Southern Economic Association C/O Free Market Institute and what are their salaries?
There 16 volunteers at Southern Economic Association C/O Free Market Institute.
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Official website here: www.sea@ttu.edu
Where can I find the form 990 for Southern Economic Association C/O Free Market Institute?
Southern Economic Association C/O Free Market Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sea@ttu.edu
Learn more at the official website: www.sea@ttu.edu
Mission Statement of Southern Economic Association C/O Free Market Institute
The Southern Economic Association C/O Free Market Institute is committed to advancing the education of scholars and the general public in the field of economic affairs. Their mission is to stimulate interest in and disseminate the results of recent research in economic theory and applied economics. To achieve this, they organize an annual conference, inviting distinguished speakers in the field of economics to educate attendees about current economic affairs. By doing so, the Southern Economic Association C/O Free Market Institute plays a significant role in furthering the understanding of economic concepts and promoting the exchange of ideas within the academic community and beyond.
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Impact
July, 2024
The Southern Economic Association C/O Free Market Institute has a significant impact on furthering the education of scholars and the public in economic affairs. Through its annual conference and publication of the Southern Economic Journal, the organization provides a platform for distinguished speakers in the field of economics to educate attendees and disseminate the results of recent research. By stimulating interest in economics and promoting a deeper understanding of economic theory and its practical applications, the association plays a crucial role in advancing knowledge and fostering discussion within the field.
This information is meant to be a general summary of Southern Economic Association C/O Free Market Institute. 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: $9,219
- Program Service Revenue: $531,246
- Gross Receipts: $621,010
Assets and Liabilities:
- Total Assets: $1,517,113
- Total Liabilities: $0
- Net Assets: $1,517,113
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL CONFERENCE
Revenue
$382,580
SOUTHERN ECONOMIC JOUR
Revenue
$148,666
Organization Details
Founding Year
2009
Phone
(806) 742-7138Principal Officer
Benjamin Powell
Main Address
TEXAS TECH UNIVERSITY BOX 45059, LUBBOCK, TX, 794095059
Website
www.sea@ttu.eduNTEE Category
Code: B99 - Education
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