# Foundation for Free Enterprise Education

Youth business programs nonprofit in Erie, Pennsylvania 16505. EIN 25-1394365. Data as of November 8, 2026.

Page: https://backpr.com/find/nonprofit/251394365-foundation-for-free-enterprise-education

## Mission (the organization's own words)

> 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...

Source: Form 990, year ending Sep 2025: https://projects.propublica.org/nonprofits/organizations/251394365/202641549349300019/full

## IRS facts

- Type: Youth business programs (IRS activity code O53I)
- Tax status: 501(c)(3), contributions deductible, recognized 1981
- Source: IRS Business Master File, posted October 13, 2026: https://www.irs.gov/charities-non-profits/exempt-organizations-business-master-file-extract-eo-bmf

## Finances (IRS Form 990 e-file data)

| Year ending | Revenue | Expenses | Assets | Net assets | Employees | Volunteers | Source |
|---|---|---|---|---|---|---|---|
| Sep 2025 | $2,278,633 | $1,685,739 | $8,894,735 | $8,409,529 | 36 | 165 | [Form 990](https://projects.propublica.org/nonprofits/organizations/251394365/202641549349300019/full) |
| Sep 2023 | $1,879,469 | $1,420,756 | $6,450,985 | $6,029,916 | 29 | 186 | [Form 990](https://projects.propublica.org/nonprofits/organizations/251394365/202410409349300636/full) |
| Sep 2022 | $1,865,641 | $1,353,168 | $5,614,586 | $5,197,741 | 21 | 164 | [Form 990](https://projects.propublica.org/nonprofits/organizations/251394365/202310199349301326/full) |

Expense split, year ending Sep 2025: programs $920,761 (55%), management $541,447 (32%), fundraising $223,531 (13%).

Revenue sources, year ending Sep 2025: gifts and grants $1,374,265, program fees $600,772, investment income $303,596.

Growth label: **Steady** (about +7% a year, Sep 2022 to Sep 2025). Growth label: we compare total revenue on the oldest and the newest return shown above. Growing means revenue rose by more than 10% a year on average, Shrinking means it fell by more than 10% a year, and Steady means a change between -10% and +10% a year. The rate is the compounded yearly average between the two returns, so it hides ups and downs in between (see the table). We only label groups with returns at least a year apart and at least $5,000 of revenue on the oldest one. This is our own calculation, not an IRS rating or a judgment of quality.

## How it compares

- Revenue rank: 1 of 31 youth development nonprofits in Erie.
- Revenue $2,278,633 is in the top 10% of 502 youth development nonprofits in Pennsylvania; median $158,046.
- Source: IRS Business Master File, posted October 13, 2026; BackPR analysis.

## Local context

- Erie County, Pennsylvania: about 54,328 children under 18 (U.S. Census Bureau, July 1, 2024): https://www2.census.gov/programs-surveys/popest/datasets/2020-2024/counties/asrh/cc-est2024-agesex-all.csv
- 129 youth and community nonprofits in this directory in the county: 2.4 per 1,000 children.
- Licensed programs in Erie: 61 licensed child care centers: https://backpr.com/find/pennsylvania/erie
- Pennsylvania rules: https://backpr.com/resources/states/pennsylvania

## Questions

**What is Foundation for Free Enterprise Education's EIN?**

Foundation for Free Enterprise Education's EIN (Employer Identification Number) is 25-1394365. It is the nine-digit number the IRS uses to identify the organization. Source: IRS Exempt Organizations Business Master File posted October 13, 2026.

**Is Foundation for Free Enterprise Education a nonprofit?**

Yes. The IRS lists Foundation for Free Enterprise Education in Erie, Pennsylvania as tax-exempt under section 501(c)(3), recognized since 1981. This is from the IRS Business Master File posted October 13, 2026. Status can change, so check its current status on the IRS Tax Exempt Organization Search before you donate.

**Are donations to Foundation for Free Enterprise Education tax-deductible?**

Yes, the IRS lists gifts to Foundation for Free Enterprise Education as tax-deductible (IRS Business Master File posted October 13, 2026). How much you can deduct depends on your own taxes, and this is not tax advice. Check its current status on the IRS Tax Exempt Organization Search before you donate.

**What does Foundation for Free Enterprise Education do?**

In its own words on its Form 990 for the year ending Sep 2025: "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..." The IRS classifies it as: Youth business programs.

**How much money does Foundation for Free Enterprise Education take in?**

For the year ending Sep 2025, Foundation for Free Enterprise Education reported total revenue of $2,278,633 and total expenses of $1,685,739 on its Form 990 (IRS Form 990 e-file data).

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Data as of November 8, 2026. Sources: IRS Business Master File, IRS Form 990 series e-file data, U.S. Census Bureau. No officer or staff names are published.