Nonprofit · EIN 13-6006960
FOUNDATION FOR ECONOMIC EDUCATION INC
Tax-exempt · ATLANTA, GA 30309
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 (amended) | $6,742,440 | $6,947,080 | -$204,640 | $14,133,100 | $692,784 | $13,440,316 |
| March 31, 2024 | 990 | $8,193,047 | $7,805,668 | $387,379 | $16,156,268 | $1,189,002 | $14,967,266 |
| March 31, 2023 | 990 | $8,382,470 | $7,341,550 | $1,040,920 | $12,889,735 | $1,035,653 | $11,854,082 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $6,298,939
- Program service revenue
- $24,825
- Investment income
- $252,431
- Royalties
- $16,201
- Net gain from sales of assets
- $17,075
- Other revenue
- $166,245
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $575,684
- Other salaries and wages
- $2,465,770
- Salaries, compensation and benefits (total)
- $3,527,532
- Professional fundraising fees
- $36,847
- Legal fees
- $67,620
- Accounting fees
- $156,836
- Occupancy
- $178,857
- Travel
- $619,792
- Depreciation
- $24,719
- Program services (functional)
- $4,907,693
- Management and general (functional)
- $673,767
- Fundraising (functional)
- $1,365,620
Balance sheet and other
- Total assets, start of year
- $16,156,268
- Total assets, end of year
- $14,133,100
- Total liabilities, end of year
- $692,784
- Net assets, end of year
- $13,440,316
- Land, buildings and equipment
- $145,826
- Publicly traded securities
- $7,602,559
- Net assets without donor restrictions
- $10,889,868
- Net assets with donor restrictions
- $2,550,448
- Gross unrelated business income
- $141,182
- Gross receipts
- $7,002,600
- Employees
- 51
- Volunteers
- 0
- Year formed
- 1946
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Elisa Bishop | Chief Operating Officer Officer | 40 | $181,608 | $2,510 |
| Alexander Miller | Senior Major Gifts Officer Highest-paid employee | 40 | $158,788 | $8,446 |
| Lawrence Reed | President Emeritus Highest-paid employee | 40 | $157,672 | $7,246 |
| Courtney Franklin | Chief Development Officer Officer | 40 | $146,880 | $8,846 |
| Diogo Costa | President Officer | 40 | $153,574 | $0 |
| Javier Perez Saavedra | BD & Reserch Associate Highest-paid employee | 40 | $118,804 | $4,846 |
| Alexandria Webb | Director of Marketing, Analytics, and Technology Highest-paid employee | 40 | $107,447 | $9,130 |
| Derek D'Angelo | Director of Education Highest-paid employee | 40 | $109,486 | $3,740 |
| Wayne Olson | Chairman of the Board Trustee or director, Officer | 1 | $0 | $0 |
| Dan Grossman | Vice Chairman & Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Martin Gallun | Trustee Trustee or director, Officer | 1 | $0 | $0 |
| Thomas Beach | Executive Committee At Large Trustee or director, Officer | 1 | $0 | $0 |
| Fred Reams | Trustee Trustee or director | 1 | $0 | $0 |
| Scott Barbee | Secretary Trustee or director | 1 | $0 | $0 |
| Travis May | Trustee Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nathan Bond | Trustee Trustee or director | 1 | $0 |
| Andew Winner | Trustee Trustee or director | 1 | $0 |
| Richard Greenberg | Trustee Trustee or director | 1 | $0 |
| David Nicholson | Trustee Trustee or director | 1 | $0 |
| David Knott | Trustee Trustee or director | 1 | $0 |
| Nikos Monoyios | Trustee Trustee or director | 1 | $0 |
990 for the year ended March 31, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Zilvinas Silenas | President Officer | 40 | $165,880 | $22,762 |
| Tekoa Coleman | Dir. of Entreprenurial Education Highest-paid employee | 40 | $150,000 | $0 |
| Daniel Sanchez | Director of Content Highest-paid employee | 40 | $117,227 | $30,180 |
| Elisa Bishop | COO Officer | 40 | $145,000 | $0 |
| Larry Reed | President Emeritus Highest-paid employee | 40 | $131,373 | $12,649 |
| Alexander Miller | Senior Gifts Officer Highest-paid employee | 40 | $127,028 | $14,224 |
| Javier Perez Saavedra | Business Dev & Research Associate - Strategic Proj Highest-paid employee | 40 | $120,361 | $10,249 |
| Reid Benson | Controller through 2/16/24 Officer | 40 | $107,000 | $1,734 |
| Wayne Olson | Chairman of the Board Trustee or director, Officer | 1 | $0 | $0 |
| Dan Grossman | Vice Chairman & Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Fredric Fransen | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Martin Gallun | Executive Committee At Large Trustee or director, Officer | 1 | $0 | $0 |
| Thomas Graham | Trustee Trustee or director | 1 | $0 | $0 |
| Thomas Beach | Trustee Trustee or director | 1 | $0 | $0 |
| Fred Reams | Trustee Trustee or director | 1 | $0 | $0 |
| Scott Barbee | Trustee Trustee or director | 1 | $0 | $0 |
| Travis May | Trustee Trustee or director | 1 | $0 | $0 |
| Nathan Bond | Trustee Trustee or director | 1 | $0 | $0 |
| Andew Winner | Trustee Trustee or director | 1 | $0 | $0 |
| Richard Greenberg | Trustee Trustee or director | 1 | $0 | $0 |
| David Nicholson | Trustee Trustee or director | 1 | $0 | $0 |
990 for the year ended March 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Zilvinas Silenas | President Officer | 40 | $212,406 | $11,950 |
| Tekoa Coleman | Director of Entreprenurial Education Highest-paid employee | 40 | $135,000 | $0 |
| Larry Reed | President Emeritus Highest-paid employee | 40 | $124,790 | $6,580 |
| Alexander Miller | Senior Major Gifts Officer Highest-paid employee | 40 | $122,082 | $7,180 |
| Daniel Sanchez | Director of Content Highest-paid employee | 40 | $115,644 | $10,620 |
| Samuel Moses | Development Manager Highest-paid employee | 40 | $122,083 | $4,000 |
| Reid Benson | Controller Officer | 40 | $110,086 | $2,669 |
| Elisa Bishop | COO beginning June 2022 Officer | 40 | $80,159 | $0 |
| Wayne Olson | Interim COO through June 2022/ Chair Trustee or director, Officer | 40 | $0 | $0 |
| Dan Grossman | Vice Chairman & Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Fredric Fransen | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Martin Gallun | Executive Committee At Large Trustee or director | 1 | $0 | $0 |
| Thomas Graham | Trustee Trustee or director | 1 | $0 | $0 |
| Jake Lilley | Trustee Trustee or director | 1 | $0 | $0 |
| Roger R Ream | Trustee Trustee or director | 1 | $0 | $0 |
| Thomas Beach | Trustee Trustee or director | 1 | $0 | $0 |
| Fred Reams | Trustee Trustee or director | 1 | $0 | $0 |
| Scott Barbee | Trustee Trustee or director | 1 | $0 | $0 |
| Travis May | Trustee Trustee or director | 1 | $0 | $0 |
| Sarah Atkins | Trustee Trustee or director | 1 | $0 | $0 |
| Chris Talley | Trustee Trustee or director | 1 | $0 | $0 |
| Nathan Bond | Trustee Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1776 PEACHTREE ST NW STE 710S, ATLANTA, GA 30309-2311
- Principal officer (990 for 2024)
- Diogo Costa, 1776 Peachtree St NW Ste 710S, Atlanta, GA 303092311
- Signed the 990
- Elisa Bishop, Chief Operating Officer
- Phone
- (404) 554-9980
- Website
- http://fee.org/
- Return prepared by
- Rogers & Company PLLC
Mission
The organization's mission is to educate students about the personal and social value of free-market economics, entrepreneurship, individual freedoms, self-responsibility, and high moral character in a free society.
Program accomplishments
- Online Media - Promoting the study of free-market economics and the philosophy of self-responsibility.Expenses $2,311,816
- Webinars and Seminars - Promoting entrepreneurship, self-responsibility, and a general understanding of economics and sound public policy.Expenses $2,073,924
- Books and Publications - The dissemination of the results of research and study in the field of economics and the related branches of the social sciences.Expenses $521,953 · revenue $24,825
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 13-6006960
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1947
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Social science (V22Z)
- Assets (IRS master file)
- $14,133,100
- Income (IRS master file)
- $7,002,600
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $6,742,440 | $6,947,080 | $14,133,100 | XML |
| 990-T | March 2025 | – | – | – | IRS |
| 990 | March 2024 | $8,193,047 | $7,805,668 | $16,156,268 | XML |
| 990-T | March 2024 | – | – | – | IRS |
| 990 | March 2023 | $8,382,470 | $7,341,550 | $12,889,735 | XML |
| 990-T | March 2023 | – | – | – | IRS |
| 990 | March 2022 | $7,371,269 | $6,207,957 | $13,111,057 | IRS |
| 990-T | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990-T | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990 | March 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-6006960).
Questions about FOUNDATION FOR ECONOMIC EDUCATION INC
- What is the EIN of FOUNDATION FOR ECONOMIC EDUCATION INC?
- The employer identification number (EIN) of FOUNDATION FOR ECONOMIC EDUCATION INC is 13-6006960.
- Is FOUNDATION FOR ECONOMIC EDUCATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1947.
- Are donations to FOUNDATION FOR ECONOMIC EDUCATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION FOR ECONOMIC EDUCATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOUNDATION FOR ECONOMIC EDUCATION INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION FOR ECONOMIC EDUCATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of FOUNDATION FOR ECONOMIC EDUCATION INC?
- The 990 for the year ended March 31, 2025 names Diogo Costa.
- Who are the officers and directors of FOUNDATION FOR ECONOMIC EDUCATION INC?
- The 990 for the year ended March 31, 2025 lists 21 people; 8 received compensation from the organization, the highest $181,608 (Elisa Bishop, Chief Operating Officer).
- How much revenue does FOUNDATION FOR ECONOMIC EDUCATION INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $6,742,440, expenses of $6,947,080 and total assets of $14,133,100 at year end.
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