Freeman Foundation
- Assets
- $13.2m
- Revenue
- $2.3m
- Investments
- $11.1m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 04/1990
- Data as of
- 12/2022
- EIN
- 52-1667228
Organization Overview
Freeman Foundation is located in Washington, DC. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freeman Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Freeman Foundation generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 61.6% each year . All expenses for the organization totaled $566.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Freeman Foundation has awarded 80 individual grants totaling $1,710,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE. MAKING CONTRIBUTIONS TO OTHER CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Weston F Milliken Trustee | 40 | $0 | |
Rea Carey Trustee | 40 | $0 | |
Rye Young Trustee | 40 | $0 | |
Ryan Li Dahlstrom Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $5,045 |
| Dividends & Interest | $366,515 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$28,514 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,355 |
| Total Revenue | $2,339,691 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,372 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,649 |
| Printing and publications | $40 |
| Other expenses | $1,932 |
| Total operating and administrative expenses | $72,173 |
| Contributions, gifts, grants paid | $494,000 |
| Total expenses and disbursements | $566,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,106,994 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,091,650 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,198,644 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Freeman Foundation has awarded $494,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
EFFING FOUNDATION PURPOSE: GENERAL SUPPORT | $12,500 |
EFFING FOUNDATION PURPOSE: HEAL PROJECT | $12,500 |
ROCKWOOD LEADERSHIP INSTITUTE PURPOSE: SEXUAL LIBERATION IS TRANSFORMATIVE JUSTICE PROJECT | $12,500 |
NATIONAL LGBTQ TASK FORCE PURPOSE: SEXUAL LIBERATION TRACK OF THE CREATING CHANGE CONFERENCE | $27,500 |
PLANNED PARENTHOOD OF THE SOUTHEAST PURPOSE: SEX DOWN SOUTH CONFERENCE | $14,000 |
ATLANTA HARM REDUCTION COALITION PURPOSE: SEXUAL LIBERATION COLLECTIVE | $10,000 |