Educational Institutions

Foundation for Economic Education, Inc.

  • Atlanta, GA
  • http://www.fee.org

Mission Statement

FEE's mission is to inspire, educate and connect future leaders with the economic, ethical and legal principles of a free society.

Main Programs

  1. Publications
  2. Student Seminars
Service Areas

Self-reported

International

At FEE, young people—and educators who work with them—will find an exciting and optimistic introduction to the Austrian and classical liberal traditions in free market economics as well as opportunities to connect with other young people and free-market organizations around the world.

ruling year

1947

President since 2008

Self-reported

Mr. Lawrence W. Reed

Executive Director since 2013

Self-reported

Mr. Wayne Olson

Keywords

Self-reported

freedom, philosophy, educational, free-market, economics, Austrian, character,

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Also Known As

FEE

EIN

13-6006960

 Number

7066473459

Contact

Cause Area (NTEE Code)

Research Institutes and/or Public Policy Analysis (B05)

Economics (as a Social Science) (V22)

Other Youth Development N.E.C. (O99)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

We serve high school and college students who are relative newcomers to the economics and philosophy of the free society and who show potential to be future leaders and activists on liberty's behalf.  We combine the economics of a free society with the moral and personal character side of a free society.  FEE maintains a vigorous web presence on FEE.org, including daily content and classic texts, including Economics in One Lesson by Henry Hazlitt and The Law by Frederic Bastiat.  For the most promising students, FEE offers seminars nationwide. All of these entryways to freedom, in addition to our extensive online archives that reference back to FEE's 70 years of history, provide valuable methods for students to become successful and educated exponents for economic freedom in their own communities.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Publications

Our major programs include FEE.org, the web's home for freedom. In 2016, FEE.org will welcome over 6 million users, making it one of the most visited websites in the global freedom movement. On FEE.org, students of all ages can find daily content, classic books, and free online courses including the Economics of Entrepreneurship.

FEE publications also include the Freeman, which is the world's oldest continuously published magazine dedicated to individual liberty. With a circulation of approximately 10,000, the Freeman is the premier quarterly magazine exploring ideas on entrepreneurship, economics, innovation, ethics, and more. Additionally, we distribute 200,000 physical copies of our books and pamphlets, mostly at no charge, including Economics in One Lesson by Henry Hazlitt, The Law by Frederic Bastiat, "Great Myths of the Great Depression" by FEE president Lawrence W. Reed, and the classic "I, Pencil" by FEE founder Leonard E. Read.

Category

Public, Society Benefit

Population(s) Served

General Public/Unspecified

Budget

$2,361,931.00

Program 2

Student Seminars

Each year, FEE conducts nearly 20 seminars for high school and college students on campuses nationwide.

FEE holds a series of three-day summer seminars on college campuses nationwide that educate high school and college students about the basic economics of a free society. We combine the economics with the moral and personal character side of a free society. Our students are relative newcomers who show potential to be future leaders and activists behalf of economic freedom and strong personal character.

Category

General Code

Population(s) Served

Young Adults (20-25 years) -- currently not in use

Youth/Adolescents only (14 - 19 years)

Budget

Charting Impact

Self-reported by organization

Five powerful questions that require reflection about what really matters - results.

  1. What is the organization aiming to accomplish?
    FEE's purpose is to make freedom a mainstream idea with the next generation, by growing the community of freedom's advocates. FEE's programs inspire, educate and connect future leaders with the economic, ethical and legal principles of a free society. FEE's messages generate "ah hah!" moments and intellectual breakthroughs that inspire young adults to pursue a life dedicated to free enterprise and freedom.
  2. What are the organization's key strategies for making this happen?
    FEE works with young newcomers on their intellectual journeys through ideas on liberty. We reach out broadly, beyond our immediate circles, through digital marketing of introductory content and our 70-year archive of classic materials. Students move on to our quarterly magazine and library of books, which we make available by hand-to-hand distribution on campus. For a more intensive experience of the freedom philosophy, we offer a variety of lectures and seminars.
  3. What are the organization's capabilities for doing this?
    FEE's experience is unmatched in (A) producing and distributing publications introducing the uninitiated to the freedom philosophy and (B) organizing personal experiences with these ideas through lectures and seminars. FEE's iconic magazine, the Freeman, is published daily online. FEE's decades'-long tradition in lectures and seminars is driven by a staff of four. FEE's intellectual resources are led by its distinguished president Lawrence W. Reed and include authors Jeffrey Tucker, Max Borders, and a faculty network of over 200 scholars.
  4. How will they know if they are making progress?
    1) Growth of our FEE Alumni Network—students who have participated in our seminars and wish to remain connected to FEE and each other.
    2) Cultivation of active alumni leaders–FEE tracks alumni who apply the ideas of a free society in their lives and careers.
    3) Growth in traffic to FEE.org from various strategic sources–FEE is growing its presence on social media, search engines, and email.
    4) Increasing circulation of the Freeman magazine–published by FEE since 1956.
    5) Growth return customers to FEE.org among our target demographic.
    6) Increased customer conversion rates–tracking students who begin and continue exploring the ideas of the free society through FEE
  5. What have and haven't they accomplished so far?
    Since 1946 FEE has set the tone for economic and political philosophical discourse in the United States through seminars, publications, the Freeman magazine, and FEE.org. Among FEE's accomplishments are:
    • Over 10,000 seminar alumni, many of whom have become influential leaders in the worldwide freedom movement.
    • Revival and mass distribution of many of the classic texts of classical liberalism, including Frédéric Bastiat's The Law and Henry Hazlitt's Economics In One Lesson.
    • Publication of dozens of books and monographs on the free society, including the classic essay “I, Pencil" and newer publications such as Excuse Me, Professor: Challenging the Myths of Progressivism.
    • Hundreds of thousands of readers of FEE materials worldwide.

    We seek to accomplish:
    • FEE.org will become one of the Internet's top destinations for information on economic thinking and a free and civil society.
    • Ever greater numbers of FEE visitors will begin the journey to understanding and incorporating sound economic ideas in their lives.
    • FEE will partner with other organizations that also seek to enlighten students' minds and prepare them to create opportunities for themselves and others.
    • FEE will be among the leading communicators of the ideas of economics, entrepreneurship, personal character, and liberty, messaging directly to under-served audiences.
    • FEE will become one of the world's leading distributors of stories, media, classics, and other perspectives on the free society.
Service Areas

Self-reported

International

At FEE, young people—and educators who work with them—will find an exciting and optimistic introduction to the Austrian and classical liberal traditions in free market economics as well as opportunities to connect with other young people and free-market organizations around the world.

Social Media

Videos

External Reviews

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

FOUNDATION FOR ECONOMIC EDUCATION, INC.
Fiscal year: Apr 01-Aug 31
Yes, financials were audited by an independent accountant.

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  • Board Chair, Board Co-Chair and Board Members
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Operations

The people, governance practices, and partners that make the organization tick.

Foundation for Economic Education, Inc.

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2015, 2014 and 2014
  • Board Chair, Board Co-Chair and Board Members
  • Access to the GuideStar Community
Need the ability to download nonprofit data and more advanced search options? Consider a Premium or Pro Search subscription.

President

Mr. Lawrence W. Reed

Executive Director

Mr. Wayne Olson

BIO

Lawrence W. Reed became president of FEE in 2008. He was a founder and president for twenty years of the Mackinac Center for Public Policy in Midland, Michigan. A champion for liberty, Reed has authored over 1,000 newspaper columns and articles, dozens of articles in magazines and journals in the U. S. and abroad, as well as five books. His articles have appeared in The Wall Street Journal, Christian Science Monitor, USA Today, Baltimore Sun, Detroit News and Detroit Free Press, among many others. His interests in political and economic affairs have taken him as a freelance journalist to 69 countries on six continents. Lawrence W. Reed holds a B.A. degree in Economics from Grove City College (1975) and an M.A. degree in History from Slippery Rock State University (1978), both in Pennsylvania. He holds two honorary doctorates from Central Michigan University (Public Administration—1993) and Northwood University (Laws—2008). He is a member of the Mont Pelerin Society, chairman of the board of the Prometheus Institute, a member of the board of Just Facts, an advisor to numerous organizations around the world, and a weekly columnist for The Newnan Times-Herald, the local paper in Newnan, Georgia where he resides.

STATEMENT FROM THE President

""The Foundation for Economic Education is committed to nothing more nor less than the defense of our civilization against intellectual error." -F.A. Hayek, winner of the Nobel Prize in Economics

The Foundation for Economic Education (FEE) is the premier source for understanding the humane values of a free society and the economic, legal, and ethical principles that make it possible. At FEE, you're connected with a global community of individuals who are inspired by the ideas of free association, free markets, entrepreneurship, and a diverse civil society.

Mission
FEE's mission is inspire, educate, and connect young adults with the economic, ethical, and legal principles of a free society.

Vision
FEE envisions a world where the ideas of liberty are familiar and credible to the rising generation.

Programs
FEE produces nationwide seminars, the Freeman magazine, classroom resources, social media, and engaging daily content at FEE.org. Additionally, FEE supports and connects our alumni through the FEE Alumni Network, and recognizes our most extraordinary alumni leaders with the annual Leonard E. Read Distinguished Alumni Award.

Review FEE's latest results in our 2015 Annual Report (PDF).

History
FEE, the first free-market organization in the United States, was founded in 1946 by Leonard E. Read to study and advance the freedom philosophy. FEE has published or hosted lectures by some of the finest minds of the modern age, including Ludwig von Mises, F.A. Hayek, Henry Hazlitt, Milton Friedman, James Buchanan, Vernon Smith, Israel Kirzner, Walter Williams, George Stigler, Frank Chodorov, John Chamberlain, F.A. “Baldy" Harper, and William F. Buckley, Jr., among many others.

You can learn more about the history of FEE in this wonderful collection of remarks by former New York Times editorial board member and founding FEE trustee Henry Hazlitt.

We hope you will explore FEE.org as you begin your intellectual journey into the ideas of liberty. If you have any questions, reach us at contact@FEE.org.

FEE is a non-political, non-profit, tax-exempt educational foundation and accepts no taxpayer money. FEE is supported solely by contributions from private individuals, foundations, and businesses and by the sales of our publications. FEE is proud to adhere to the strictest of standards in financial and programmatic transparency, earning the highest possible ratings from both Charity Navigator (four stars) and GuideStar (Gold). Support FEE today."

Governance

BOARD CHAIR

Mr. Roger Ream

The Fund for American Studies

Term: May 2014 -

BOARD LEADERSHIP PRACTICES

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices. Self-reported by organization

No

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?

Yes

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?

No

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?

Yes

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?

No

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?


ORGANIZATIONAL DEMOGRAPHICS

In order to support nonprofits and gain valuable insight for the sector, GuideStar worked with D5—a five-year initiative to advance diversity, equity, and inclusion in philanthropy—in creating a questionnaire. This section is a voluntary questionnaire that empowers organizations to share information on the demographics of who works in and leads organizations. To protect the identity of individuals, we do not display sexual orientation or disability information for organizations with fewer than 15 staff. Any values displayed in this section are percentages of the total number of individuals in each category (e.g. 20% of all Board members for X organization are female).

Gender
Sexual Orientation

We do not display sexual orientation information for organizations with fewer than 15 staff.

Disability

We do not display disability information for organizations with fewer than 15 staff.

Diversity Strategies
Yes
We track retention of staff, board, and volunteers across demographic categories
Yes
We track income levels of staff, senior staff, and board across demographic categories
No
We track the age of staff, senior staff, and board
No
We track the diversity of vendors (e.g., consultants, professional service firms)
No
We have a diversity committee in place
No
We have a diversity manager in place
No
We have a diversity plan
No
We use other methods to support diversity