Foundation For Research In Economics And Education in Encino, California (CA)

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Foundation For Research In Economics And Education
Employer Identification Number (EIN)237071434
Name of OrganizationFoundation For Research In Economics And Education
Address4910 Texhoma Ave, Encino, CA 91316
ActivitiesOther school related activities, Gifts or grants to individuals (other than scholarships)
SubsectionEducational Organization, Scientific Organization
Ruling Date07/1970
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$100,000 to $499,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$135,063
Amount of Income$29
Form 990 Revenue Amount$29
National Taxonomy of Exempt Entities (NTEE)Social Science Research Institutes, Services: Economics (as a social science)


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Amount of income in 2014: $29 (it was $177 in 2013)
Foundation For Research In Economics And Education: 

 $29
Other organizations performing similar types of work: 

 $383,546

Assets in 2014: $135,063 (it was $152,279 in 2013)
Foundation For Research In Economics And Education: 

 $135,063
Other organizations performing similar types of work: 

 $261,018

Expenses in 2014: $17,245
Foundation For Research In Economics And Education: 

 $17,245
Other organizations performing similar types of work: 

 $417,394

Income to expenses ratio in 2014: 0.0
This organization: 

 0.0
Other organizations performing similar types of work: 

 1.2

Grants share in income in 2014: 0.0%
Foundation For Research In Economics And Education: 

 0.0%
Other organizations performing similar types of work: 

 81.4%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$256$177$29
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$256$177$29
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$19,475$32,756$17,245
Total net assets$194,858$152,279$135,063
Excess/Deficit for the year$-19,219$-32,579$-17,216
Net assets or fund balances at beginning of year$214,077$184,858$152,279
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$152,279$135,063
Balance Sheets
201220132014
Total assets$194,858$152,279$135,063
Total liabilities$0$0$0
Net assets or fund balances$194,858$152,279$135,063
Other Information
201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Mercatus Center Inc3434 Washington Blvd 4th Floor, Arlington, VA 22201-4508VA1988-03$21,206,770
2Atlas Economic Research Foundation Atlas1201 L Street Nw, Washington, DC 20005-4024DC1981-12$13,740,583
3Foundation For Economic Education Inc1718 Peachtree St Nw 1048, Atlanta, GA 30309-2452GA1947-04$7,856,932
4Council For Economic Education122 E 42nd St Rm 2600, New York, NY 10168-2699NY1951-01$5,742,551
5The Institute For Financial Markets2001 Pennsylvania Ave Nw Ste 600, Washington, DC 20006-1823DC1994-05$4,136,230
6Center For Economic Growth39 North Pearl Street Suite 100, Albany, NY 12207-2844NY1989-08$2,766,049
7Detroit Economic Club211 W Fort St Ste 710, Detroit, MI 48226-3263MI1942-01$2,021,222
8Western Economic Association International18837 Brookhurst St Ste 304, Fountain Vly, CA 92708-7302CA1973-02$1,412,723
9Insurance Educational Association725 W Town And Country Rd Ste 430, Orange, CA 92868-4705CA1970-06$1,388,955
10Virginia Council On Economic Education301 W Main Street Box 844000, Richmond, VA 23284-9051VA1970-12$838,333
11Wisconsin Council On Economic Education Inc7635 W Bluemound Rd Ste 106, Milwaukee, WI 53213-3500WI1964-06$590,557
12Southern Agricultural Economics Association1109 Experiment St, Griffin, GA 30223-1731GA1978-06$153,260
13Massachusetts Council On Economic EducationHunt Hall 115 131 Summer St, Bridgewater, MA 02325MA1955-03$44,906
14The Council For Social And Economic Studies Inc1133 13th St Nw Ste C2, Washington, DC 20005-4207DC1976-01$38,566
15Foundation For Research In Economics And Education4910 Texhoma Ave, Encino, CA 91316CA1970-07$29
16Foundation For The Study Of Cycles Inc5300 Sequoia Nw Ste 104, Albuquerque, NM 87120NM1964-04$0
17Institute For The Study Of Security Markets1255 Canberra Drive, Lindon, UT 84042UT1989-07$0
18International Confederation Of Assoc For Reform Of Economics Inc, International Confederation Of Associations For Pluralism In EconomicsUmkc - Dept Of Economics 5100 Rockhill Rd, Kansas City, MO 64110MO1995-12$0
19Milwaukee Chapter Number Six Inc Of Institute Of Financial Education975 Larkspur Dr, Brookfield, WI 53045WI1978-06$0
20Prosperity Institute46 S Glebe Rd Ste 101, Arlington, VA 22204-1671VA1997-10$0
Number of organizations performing similar types of work
Alabama1
California3
District of Columbia6
Delaware1
Florida1
Georgia3
Hawaii1
Idaho1
Illinois1
Kansas1
Kentucky1
Louisiana1
Massachusetts2
Michigan2
Missouri1
North Carolina1
Nebraska1
New Mexico1
New York3
Ohio2
Oregon1
Texas1
Utah1
Virginia4
Wisconsin2
Total43

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