Overview

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Est.

1979

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

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2024
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2023
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2022
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AI Summary

FOUNDATION FOR FREE ENTERPRISE EDUCATION is a Pennsylvania-based nonprofit focused on economics for youth and education, with a mission to help students understand the American free enterprise system through hands-on learning experiences. It also serves as the exclusive Pennsylvania coordinator for the Stock Market Game, an in-school program for grades 4–12 on global capital markets, investing, and personal finance, and it operates at a scale of about $1.7M in operating budget and $2.3M in total revenue for filing year 2025. Its listed funders include the Erie Community Foundation, the Allegheny Foundation, and The Eberly Foundation, with no single funder shown as providing 50% or more of total revenue.

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Mission Statement

TO HEIGHTEN THE AWARENESS OF PENNSYLVANIA'S YOUTH ABOUT THEIR FUTURE ROLE IN THE AMERICAN FREE ENTERPRISE SYSTEM BY DELIVERING HIGH-QUALITY AND PRACTICAL HANDS-ON EDUCATIONAL EXPERIENCES. THE FOUNDATION ALSO BECAME THE EXCLUSIVE PENNSYLVANIA COORDINATOR FOR THE STOCK MARKET GAME (SMG). SMG IS AN INTERNATIONALLY ACCLAIMED INTERACTIVE IN-SCHOOL PROGRAM THAT TEACHES STUDENTS IN GRADES 4-12 ABOUT GLOBAL CAPITAL MARKETS, INVESTING AND PERSONAL FINANCE.

Cause Areas

2
Education
Economics for youth
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Financials

2024
Revenues
$2.1M
Expenses
$1.5M
Net Income:
+$568.6K
Assets
$7.9M
Liabilities
$444.6K
Net Assets:
+$7.5M

Financial Trends

2024
Operating Budget
$1.5M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
ERIE COMMUNITY FOUNDATION
Erie, PA, US
$3.7M
2%
ALLEGHENY FOUNDATION
Pittsburgh, PA, US
$280K
< 1%
AMERICAN ONLINE GIVING FOUNDATION INC
Newark, DE, US
$149.6K
< 1%

Grants Received

2024
Total No. of Grants
21
Median grant size
$7.5K
Largest grant received
$354.6K

Board & Team

K
Karen M Musante
Board Member
M
Mark a Karenchak
Board Member
K
Kevin W Davis
Board Member
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  • 50 funders
  • 57 board & team members
  • 11 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is FOUNDATION FOR FREE ENTERPRISE EDUCATION’s budget?
In 2024, FOUNDATION FOR FREE ENTERPRISE EDUCATION reported an annual operating budget of around $1.5 million. More detailed financial information is available to registered users.
What causes does FOUNDATION FOR FREE ENTERPRISE EDUCATION support?
FOUNDATION FOR FREE ENTERPRISE EDUCATION supports work in Education and Economics for youth.
Where does FOUNDATION FOR FREE ENTERPRISE EDUCATION operate?
FOUNDATION FOR FREE ENTERPRISE EDUCATION is headquartered in ERIE, PA.
Who funded FOUNDATION FOR FREE ENTERPRISE EDUCATION recently?
In 2025, FOUNDATION FOR FREE ENTERPRISE EDUCATION received grants from AMERICAN ONLINE GIVING FOUNDATION INC, The Mill Spring Foundation, and THE FOUNDATION FOR ENHANCING COMMUNITIES. More information on this organization’s funders is available to registered users.
What is the largest grant FOUNDATION FOR FREE ENTERPRISE EDUCATION received in 2024?
The largest grant to FOUNDATION FOR FREE ENTERPRISE EDUCATION in 2024 exceeds $355 thousand.