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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.7M
+15.8% YoY
Annual Giving
$323K
+193.4% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$323K
+193.4% YoY
About Free Enterprise Foundation Inc
Based on IRS filings
Free Enterprise Foundation Inc is a nonprofit organization focused on Youth Development, based in MOLINE, IL. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $4.7M in total assets. In 2024, it awarded 1 grants totaling $323K. Net investment income was $118K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,675,496 | $4,038,701 | $3,473,914 |
| Revenue | $187,175 | $429,221 | $356,105 |
| Expenses | $331,439 | $122,599 | $567,432 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $117,804 | $123,206 | $139,752 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JIM WATSON | VICE-CHAIR | 1 | — |
| JAMES DOUGAL NELSON | SECETARY | 1 | — |
| SHEILA VOLRATH | CHAIR | 1 | — |
| TOM VICTOR | DIRECTOR | 1 | — |
| LANCE HEUER | DIRECTOR | 1 | — |
| RYAN WEBER | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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