Mission
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE JUNIOR ACHIEVEMENT OF THE HEARTLAND, INC. ENDOWMENT GIVING OPPORTUNITIES THAT WILL ADD STABILITY AND LONG-RANGE GROWTH.
Public Charity
FREE ENTERPRISE FOUNDATION INC
FREE ENTERPRISE FOUNDATION INC is a Public Charity headquartered in MOLINE, IL. Financial data from the 2025 filing: $116K revenue, $863K expenses, $4.1M total assets. 8 publicly reported grants to this organization, totaling roughly $614K, appear in IRS filings.
EIN: 364439179
MOLINE, IL
Single Organization Support
NTEE: O11
Latest filing: 2025
Total Revenue$116K
Total Expenses$863K
Total Assets$4.1M
Grant Records8
Funding Total$614K
Filing Years2020–2025
Sample Grants Received
PREPARES OUR YOUNG PEOPLE FOR SUCCESS IN A GLOBAL ECONOMY THROUGH VOLUNTEER LED K-12 PROGRAMS, STUDENTS LEARN ABOUT FINANCIAL LITERACY, WORK READINESS AND ENTREPENUERSHIP
$267,915
PREPARES OUR YOUNG PEOPLE FOR SUCCESS IN A GLOBAL ECONOMY THROUGH VOLUNTEER LED K-12 PROGRAMS, STUDENTS LEARN ABOUT FINANCIAL LITERACY, WORK READINESS AND ENTREPENUERSHIP
$203,127
ECONOMIC LITERACY INITIATIVE SUPPORTING DBQ COUNTY SCHOOLS
$10,000
PREPARES OUR YOUNG PEOPLE FOR SUCCESS IN A GLOBAL ECONOMY THROUGH VOLUNTEER LED K-12 PROGRAMS, STUDENTS LEARN ABOUT FINANCIAL LITERACY, WORK READINESS AND ENTREPENUERSHIP
$120,740
ECONOMIC LITERACY INITIATIVE SUPPORTING DBQ COUNTY SCHOOLS
$5,375
Showing up to 5 of 8 total records — full history available with membership.
Officers & Directors
SECRETARY
James Dougal Nelson
VICE-CHAIR
Jim Watson
DIRECTOR
Lance Heuer
DIRECTOR
Ryan Weber
CHAIR
Sheila Volrath
DIRECTOR
Tom Victor
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $116K | $863K | $4.1M |
| 2024 | $187K | $331K | $4.7M |
| 2023 | $429K | $123K | $4.0M |
| 2021 | $480K | $142K | $4.2M |
| 2020 | $754K | $63K | $3.3M |
Between 2020 and 2025, reported annual revenue declined from $754K to $116K (-85%), with total assets most recently reported at $4.1M.
Interactive year-over-year charts and full filing details available with membership.