Freedom Forum Inc
- Assets
- $606.5m
- Revenue
- $46.0m
- Investments
- $573.6m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 01/1992
- Data as of
- 12/2023
- EIN
- 54-1604427
Organization Overview
Freedom Forum Inc is located in Washington, DC. The organization was established in 1992. 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. Freedom Forum Inc 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 12/2023, Freedom Forum Inc generated $46.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $24.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Freedom Forum Inc has awarded 304 individual grants totaling $156,720,178. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES MADE TO ADVANCE AND MAINTAIN THE OPERATIONS AND OPERATIONAL ASSETS OF FREEDOM FORUM, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Neuharth Chair And Chief Executive Officer | 40 | $725,445 | |
Sherry Minear Chief Financial Officer & Treasurer | 40 | $330,774 | |
Cindy Keith Chief Human Resource Officer | 40 | $201,350 | |
Michael Coleman Secretary/trustee | 10 | $50,500 | |
James Abbott Trustee | 5 | $21,000 | |
Lucy Dalglish Trustee | 5 | $22,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rand Construction Corporation | 12/30/23 | $3,137,188 |
Goldman Sachs Princeton Fund Ltd | 12/30/23 | $942,043 |
Marsh Usa Llc | 12/30/23 | $510,333 |
Redpeg Marketing Inc | 12/30/23 | $582,242 |
Sequentur Llc | 12/30/23 | $480,326 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,800,490 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,473,136 |
| Net Rental Income | $307,995 |
| Net Gain on Sale of Assets | $33,421,947 |
| Capital Gain Net Income | $33,103,307 |
| Net ST Capital Gain | $27,264,284 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $34,962 |
| Total Revenue | $46,038,530 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,791,769 |
| Other employee salaries and wages | $5,234,792 |
| Pension plans, employee benefits | $1,495,581 |
| Interest | $1,987,865 |
| Taxes | $801,649 |
| Depreciation | $680,184 |
| Occupancy | $2,257,224 |
| Travel, conferences, and meetings | $1,667,097 |
| Printing and publications | $78,198 |
| Other expenses | $1,927,801 |
| Total operating and administrative expenses | $24,285,140 |
| Contributions, gifts, grants paid | $472,401 |
| Total expenses and disbursements | $24,757,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,391,398 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $314,738 |
| Net Pledges Receivable | $10,613 |
| 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 | $190,636,204 |
| Net Land, buildings, and equipment | $11,805,750 |
| Other assets | $17,369,168 |
| Total assets | $606,497,548 |
| Accounts payable and accrued expenses | $8,783,718 |
| Grants payable | $105,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $41,064,980 |
| Total liabilities | $49,954,198 |
Grants Awarded
Over the last fiscal year, Freedom Forum Inc has awarded $461,401 in support to 110 organizations.
| Grant Recipient | Amount |
|---|---|
BENTLEY UNIVERSITY PURPOSE: FREE SPIRIT SCHOLARSHIP | $1,000 |
COLUMBIA UNIVERSITY PURPOSE: FREE SPIRIT SCHOLARSHIP | $1,000 |
FAIRMONT STATE UNIVERSITY PURPOSE: FREE SPIRIT SCHOLARSHIP | $1,000 |
FORDHAM UNIVERSITY PURPOSE: FREE SPIRIT SCHOLARSHIP | $1,000 |
EMORY UNIVERSITY PURPOSE: FREE SPIRIT SCHOLARSHIP | $1,000 |
HARVARD COLLEGE PURPOSE: FREE SPIRIT SCHOLARSHIP | $1,000 |