STUDENT FREEDOM INITIATIVE INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- STUDENT FREEDOM INITIATIVE INC (EIN 85-0557522)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-03-11
- IRS object ID
- 202520709349301307
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-03-11T10:28:41-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7351 OFFICE PARK PLACE | AddressLine1Txt |
| City | MELBOURNE | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 329408229 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 850557522 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STUDENT FREEDOM INITIATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | STUD | BusinessNameControlTxt |
| Phone | 2025590007 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 633 PENNSYLVANIA AVE NW 5TH FL | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20004 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KEITH SHOATES | PersonNm |
| Person Title | CHIEF OPERATING OFFICER | PersonTitleTxt |
| Phone | 2025590007 | PhoneNum |
| Signature | 2025-03-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KELLI PECK | PreparerPersonNm |
| PTIN | P01423033 | PTIN |
| Phone | 3217516200 | PhoneNum |
| Preparation | 2025-03-07 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MARK BROWN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 633 PENNSYLVANIA AVE NW 5TH FL | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $70,098,218 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.STUDENTFREEDOMINITIATIVE.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2020 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | THE STUDENT FREEDOM INITIATIVE IS A 501(C)(3) NONPROFIT ORGANIZATION DEDICATED TO ENSURING FREEDOM IN PROFESSIONAL AND LIFE CHOICES FOR STUDENTS ATTENDING MINORITY SERVING INSTITUTIONS (MSIS). | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 25 | TotalEmployeeCnt |
| Total Volunteers | 6 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $16,652,730 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,719,528 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,755,711 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $309,000 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,314,826 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,874,907 | CYInvestmentIncomeAmt |
| PY Other Revenue | $19 | PYOtherRevenueAmt |
| CY Other Revenue | $967 | CYOtherRevenueAmt |
| PY Total Revenue | $19,723,286 | PYTotalRevenueAmt |
| CY Total Revenue | $5,904,402 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,251,232 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,392,824 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,348,833 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,914,085 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,050,654 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,682,141 | PYOtherExpensesAmt |
| CY Other Expenses | $5,805,694 | CYOtherExpensesAmt |
| PY Total Expenses | $7,282,206 | PYTotalExpensesAmt |
| CY Total Expenses | $10,112,603 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $12,441,080 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$4,208,201 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $145,875,504 | TotalAssetsBOYAmt |
| Total Assets EOY | $141,833,798 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $849,560 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,367,828 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $145,025,944 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $140,465,970 | NetAssetsOrFundBalancesEOYAmt |
| Mission | STUDENT FREEDOM INITIATIVE IS DEDICATED TO ENSURING FREEDOM IN PROFESSIONAL AND LIFE CHOICES FOR STUDENTS ATTENDING MINORITY SERVING INSTITUTIONS (MSIS). | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $8,065,611 | ExpenseAmt |
| Grant | $1,392,824 | GrantAmt |
| Revenue | $309,000 | RevenueAmt |
| Desc | TO ADDRESS THE OVERWHELMING STUDENT DEBT FACED BY ALL TOO MANY OF THE YOUNG MEN AND WOMEN ATTENDING HISTORICALLY BLACK COLLEGES AND UNIVERSITIES BY PROVIDING A STUDENT-CENTRIC FUNDING SOURCE FOR EDUCATION COSTS AS AN ALTERNATIVE TO HIGH-INTEREST LOANS. | Desc |
| Total Program Service Expenses | $8,065,611 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 14 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 25 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHELE MCCULLOM | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2025590007 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 633 PENNSYLVANIA AVE NW 5TH FL | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20004 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| ROBERT F SMITH | |||||||
| CHAIRMAN | 4.00 | Yes (X) | $0 | $0 | $0 | ||
| HENRY LOUIS GATES | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL LOMAX | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LINDA WILSON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LAWRENCE P BANCROFT | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KEITH SHOATES | |||||||
| PRESIDENT/CHIEF OPERATING OFFICER | 25.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| MARK BROWN | |||||||
| EXECUTIVE DIRECTOR | 40.00 | Yes (X) | $312,764 | $0 | $206 | Yes (X) | |
| MICHELE MCCULLOM | |||||||
| GENERAL COUNSEL & SECRETARY | 40.00 | $197,973 | $0 | $24,832 | Yes (X) | ||
| DONNA JONES | |||||||
| DIRECTOR OF OPERATIONS | 40.00 | $149,581 | $0 | $9,314 | Yes (X) | ||
| YVETTE THOMAS | |||||||
| DIRECTOR OF CAPACITY BUILDING | 40.00 | $176,900 | $0 | $18,095 | Yes (X) | ||
| BARRY CYNAMON | |||||||
| DIRECTOR OF PROGRAM DESIGN | 40.00 | $195,442 | $0 | $51,016 | Yes (X) | ||
| KENNETH LUZZATTO | |||||||
| PROJECT MANAGER | 40.00 | $160,311 | $0 | $21,758 | Yes (X) | ||
| RONALD CROZIER | |||||||
| CHIEF SECURITY OFFICER | 40.00 | $174,204 | $0 | $40,444 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,367,175 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $165,665 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MCKINSEY & COMPANY INC | |||||
| 140 FOUNTAIN PARKWAY NORTH | ST PETERSBURG | FL | 33716 | CONSULTING | $2,100,000 |
| STACKWELL CAPITAL INC | |||||
| 100 SUMMER ST SUITE 1600 | BOSTON | MA | 02110 | PROGRAM SEED FUNDS | $917,000 |
| GOOD STUFF DIGITAL | |||||
| 925B PEACHTREE ST NE 122 | ATLANTA | GA | 30309 | MARKETING | $380,400 |
| UNITED NEGRO COLLEGE FUND INC | |||||
| 1805 7TH STREET NW | WASHINGTON | DC | 20001 | CONDUCT STUDY | $128,702 |
| ESSENCE FESTIVAL PRODUCTIONS LLC | |||||
| PO BOX 10725 | ALBANY | NY | 122015725 | SPONSORSHIP | $125,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 7 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $2,719,528 | AllOtherContributionsAmt |
| Total Contributions | $2,719,528 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | STUDENT FREEDOM AGREEMENT | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $309,000 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $309,000 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $309,000 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,814,827 | TotalRevenueColumnAmt |
| Exclusion | $2,814,827 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $64,253,896 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $64,193,816 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $60,080 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $60,080 | TotalRevenueColumnAmt |
| Exclusion | $60,080 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $967 | TotalRevenueColumnAmt |
| Exclusion | $967 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $967 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,904,402 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $309,000 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,875,874 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,368,741 | TotalAmt |
| Program Services | $1,368,741 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,083 | TotalAmt |
| Program Services | $24,083 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $535,775 | TotalAmt |
| Program Services | $374,692 | ProgramServicesAmt |
| Management And General | $47,500 | ManagementAndGeneralAmt |
| Fundraising | $113,583 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,930,664 | TotalAmt |
| Program Services | $1,350,202 | ProgramServicesAmt |
| Management And General | $171,167 | ManagementAndGeneralAmt |
| Fundraising | $409,295 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $94,314 | TotalAmt |
| Program Services | $65,958 | ProgramServicesAmt |
| Management And General | $8,362 | ManagementAndGeneralAmt |
| Fundraising | $19,994 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $178,893 | TotalAmt |
| Program Services | $125,108 | ProgramServicesAmt |
| Management And General | $15,860 | ManagementAndGeneralAmt |
| Fundraising | $37,925 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $174,439 | TotalAmt |
| Program Services | $120,164 | ProgramServicesAmt |
| Management And General | $20,812 | ManagementAndGeneralAmt |
| Fundraising | $33,463 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,094 | TotalAmt |
| Program Services | $103,094 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $97,075 | TotalAmt |
| Management And General | $97,075 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,529 | TotalAmt |
| Management And General | $58,529 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,181,620 | TotalAmt |
| Program Services | $3,983,186 | ProgramServicesAmt |
| Management And General | $142,797 | ManagementAndGeneralAmt |
| Fundraising | $55,637 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $387,011 | TotalAmt |
| Program Services | $10,000 | ProgramServicesAmt |
| Management And General | $2,995 | ManagementAndGeneralAmt |
| Fundraising | $374,016 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,394 | TotalAmt |
| Management And General | $53,394 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,013 | TotalAmt |
| Program Services | $21,150 | ProgramServicesAmt |
| Management And General | $57,403 | ManagementAndGeneralAmt |
| Fundraising | $5,460 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,920 | TotalAmt |
| Management And General | $39,920 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $146,552 | TotalAmt |
| Program Services | $43,263 | ProgramServicesAmt |
| Management And General | $102,629 | ManagementAndGeneralAmt |
| Fundraising | $660 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,378 | TotalAmt |
| Program Services | $11,000 | ProgramServicesAmt |
| Management And General | $100,757 | ManagementAndGeneralAmt |
| Fundraising | $621 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,667 | TotalAmt |
| Management And General | $19,667 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,144 | TotalAmt |
| Management And General | $21,144 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| STUDENT FREEDOM AGREEME | $462,450 | $462,450 | |
| LICENSES AND FEES | $17,982 | $17,982 | |
| GIFTS | $11,061 | $11,061 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,804 | TotalAmt |
| Program Services | $2,520 | ProgramServicesAmt |
| Management And General | $7,284 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,112,603 | TotalAmt |
| Program Services | $8,065,611 | ProgramServicesAmt |
| Management And General | $996,338 | ManagementAndGeneralAmt |
| Fundraising | $1,050,654 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,111,041 | BOYAmt |
| EOY | $14,612,993 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,432,244 | BOYAmt |
| EOY | $51,159,799 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,551,991 | BOYAmt |
| EOY | $7,035,591 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,929 | BOYAmt |
| EOY | $42,500 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $139,343 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $52,298 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,106 | BOYAmt |
| EOY | $87,045 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,622,211 | BOYAmt |
| EOY | $68,671,403 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,982 | BOYAmt |
| EOY | $224,467 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $145,875,504 | BOYAmt |
| EOY | $141,833,798 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $810,400 | BOYAmt |
| EOY | $706,337 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $440,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,160 | BOYAmt |
| EOY | $221,491 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $849,560 | BOYAmt |
| EOY | $1,367,828 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,285,216 | BOYAmt |
| EOY | $81,984,814 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,740,728 | BOYAmt |
| EOY | $58,481,156 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $145,025,944 | BOYAmt |
| EOY | $140,465,970 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $145,875,504 | BOYAmt |
| EOY | $141,833,798 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$4,208,201 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $820,672 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,172,445 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $50,060,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $75,542,300 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $13,282,489 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $16,652,730 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,719,528 | CurrentTaxYearAmt |
| Total | $158,257,047 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $50,060,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $75,542,300 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $13,282,489 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $16,652,730 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,719,528 | CurrentTaxYearAmt |
| Total | $158,257,047 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $127,680,334 | SubstantialContributorsTotAmt |
| Public Support Total170 | $30,576,713 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $194,134 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,399,416 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,814,827 | CurrentTaxYearAmt |
| Total | $4,408,377 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $13,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $19 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $967 | CurrentTaxYearAmt |
| Total | $13,986 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $162,679,410 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $3,860,991 | GrossReceiptsRltdActivitiesAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, SHORT YEAR EXPLANATION: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION BEGAN OPERATIONS ON MARCH 16, 2020. THE AMOUNTS IN THE 2019 COLUMN REFLECT THE SHORT PERIOD FROM MARCH 16, 2020 TO JUNE 30, 2020. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $56,843 | OtherCostOrOtherBasisAmt |
| Depreciation | $37,798 | DepreciationAmt |
| Book Value | $19,045 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $82,500 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,500 | DepreciationAmt |
| Book Value | $68,000 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $87,045 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LEASE LIABILITIES | Desc |
| Amt | $221,491 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $221,491 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $5,494,100 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $820,672 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $820,672 | RevenueNotReportedAmt |
| Revenue Subtotal | $4,673,428 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $58,529 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $1,172,445 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,230,974 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $5,904,402 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $10,054,074 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $10,054,074 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $58,529 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $58,529 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $10,112,603 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE INSTITUTE IS EXEMPT FROM PAYMENT OF TAXES ON INCOME OTHER THAN NET UNRELATED BUSINESS INCOME UNDER IRC SECTION 501(C)(3). FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, THERE WAS NO NET UNRELATED BUSINESS INCOME AND, ACCORDINGLY, NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED. CONTRIBUTIONS TO THE INSTITUTE ARE DEDUCTIBLE AS PROVIDED IN IRC SECTION 170(B)(1)(A)(VI). THE FUND IS A LIMITED LIABILITY COMPANY, AND TREATED AS A DISREGARDED ENTITY FOR TAX PURPOSES; THEREFORE, IT HAS THE SAME IRC SECTION 501(C)(3) TAX-EXEMPT STATUS AS THE INSTITUTE. ALL ITEMS OF INCOME AND EXPENDITURES FOR THE FUND ARE ATTRIBUTABLE TO THE INSTITUTE, AND ARE REPORTED ON THE INSTITUTE'S ANNUAL TAX RETURN. ALL ACTIVITIES OF THE FUND ARE RELATED TO THE MISSION OF THE INSTITUTE. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS DO NOT INCLUDE ANY UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | CHANGE IN DISCOUNT ON MULTI YEAR RECEIVABLES 1,172,445. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (34 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|
| ALABAMA A&M UNIVERSITY FOUNDATION INC | |||||||||
| 4900 MERIDIAN STREET N | HUNTSVILLE | AL | 358117500 | 636001097 | 501C3 | $45,000 | $0 | HELPS PROGRAM | |
| ALABAMA STATE UNIVERSITY | |||||||||
| 915 SOUTH JACKSON STREET | MONTGOMERY | AL | 36104 | 636001101 | GOV | $20,000 | $0 | HELPS PROGRAM | |
| ALBANY STATE UNIVERSITY | |||||||||
| 504 COLLEGE DRIVE | ALBANY | GA | 31705 | 586001996 | GOV | $50,000 | $0 | BROADBAND PROGRAM | |
| ALBANY STATE UNIVERSITY | |||||||||
| 504 COLLEGE DRIVE | ALBANY | GA | 31705 | 586001996 | GOV | $10,000 | $0 | HELPS PROGRAM | |
| ALCORN STATE UNIVERSITY | |||||||||
| 1000 ASU DRIVE 509 | LORMAN | MS | 39096 | 646000013 | GOV | $70,000 | $0 | BROADBAND PROGRAM | |
| BENNETT COLLEGE | |||||||||
| 900 E WASHINGTON ST | GREENSBORO | NC | 27401 | 560532296 | 501C3 | $19,000 | $0 | HELPS PROGRAM | |
| BLUEFIELD STATE UNIVERSITY | |||||||||
| 219 ROCK STREET | BLUEFIELD | WV | 24701 | 556000751 | GOV | $10,000 | $0 | HELPS PROGRAM | |
| BOWIE STATE UNIVERSITY FOUNDATION | |||||||||
| 14000 JERICHO PARK ROAD | BOWIE | MD | 20715 | 520952758 | GOV | $39,043 | $0 | HELPS PROGRAM | |
| CENTRAL STATE UNIVERSITY | |||||||||
| 1400 BRUSH ROAD | WILBERFORCE | OH | 45384 | 813707439 | GOV | $50,000 | $0 | BROADBAND PROGRAM | |
| CLAFLIN UNIVERSITY | |||||||||
| 400 MAGNOLIA ST | ORANGEBURG | SC | 29115 | 570314374 | 501C3 | $150,000 | $0 | BROADBAND PROGRAM | |
| CLARK ATLANTA UNIVERSITY INC | |||||||||
| 223 JAMES P BRAWLEY DR SW | ATLANTA | GA | 30314 | 581825259 | 501C3 | $14,000 | $0 | HELPS PROGRAM | |
| DENMARK TECHNICAL COLLEGE | |||||||||
| 1126 SOLOMON 1126 SOLOMAN BLATT | DENMARK | SC | 29042 | 570831986 | GOV | $50,000 | $0 | BROADBAND PROGRAM | BLVD |
| DILLARD UNIVERSITY | |||||||||
| 2601 GENTILLY BOULEVARD | NEW ORLEANS | LA | 70122 | 720408929 | 501C3 | $50,000 | $0 | BROADBAND PROGRAM | |
| DILLARD UNIVERSITY | |||||||||
| 2601 GENTILLY BOULEVARD | NEW ORLEANS | LA | 70122 | 720408929 | 501C3 | $44,510 | $0 | HELPS PROGRAM | |
| FISK UNIVERSITY | |||||||||
| 1000 17TH AVENUE NORTH | NASHVILLE | TN | 37208 | 620202000 | 501C3 | $50,000 | $0 | BROADBAND PROGRAM | |
| FLORIDA A&M UNIVERSITY | |||||||||
| 1700 LEE HALL DRIVE | TALLAHASSEE | FL | 32307 | 590977035 | 501C3 | $15,000 | $0 | HELPS PROGRAM | |
| HAMPTON UNIVERSITY | |||||||||
| 200 WILLIAM R HARVEY WAY | HAMPTON | VA | 23668 | 540505990 | 501C3 | $50,000 | $0 | BROADBAND PROGRAM | |
| HAMPTON UNIVERSITY | |||||||||
| 200 WILLIAM R HARVEY WAY | HAMPTON | VA | 23668 | 540505990 | 501C3 | $15,000 | $0 | HELPS PROGRAM | |
| HUSTON-TILLOTSON UNIVERSITY | |||||||||
| 900 CHICON STREET | AUSTIN | TX | 787022795 | 741180151 | 501C3 | $50,000 | $0 | BROADBAND PROGRAM | |
| J F DRAKE STATE COMMUNITY & TECHNICAL COLLEGE | |||||||||
| 3421 MERIDIAN STREET NORTH | HUNTSVILLE | AL | 35811 | 630439942 | 501C3 | $10,000 | $0 | HELPS PROGRAM | |
| LAWSON STATE COMMUNITY COLLEGE | |||||||||
| 3060 WILSON ROAD | SOUTHWEST BIRMINGHAM | AL | 35221 | 636112129 | GOV | $50,000 | $0 | BROADBAND PROGRAM | |
| LINCOLN UNIVERSITY | |||||||||
| 1570 BALTIMORE PIKE | LINCOLN UNIVERSITY | PA | 19352 | 231352655 | 501C3 | $13,493 | $0 | HELPS PROGRAM | |
| MISSISSIPPI VALLEY STATE UNIVERSITY | |||||||||
| 14000 HWY 82 | WEST ITTA BENA | MS | 38941 | 646001395 | GOV | $50,000 | $0 | BROADBAND PROGRAM | |
| MOREHOUSE COLLEGE | |||||||||
| 830 WESTVIEW DR SW | ATLANTA | GA | 30314 | 580566205 | 501C3 | $33,073 | $0 | HELPS PROGRAM | |
| PAINE COLLEGE | |||||||||
| 1235 FIFTEENTH STREET | AUGUSTA | GA | 30901 | 237434499 | 501C3 | $50,000 | $0 | BROADBAND PROGRAM | |
| TEXAS SOUTHERN UNIVERSITY | |||||||||
| 3100 CLEBURNE STREET | HOUSTON | TX | 77004 | 746001391 | 501C3 | $10,000 | $0 | HELPS PROGRAM | |
| TOUGALOO COLLEGE | |||||||||
| 500 WEST COUNTY LINE ROAD | TOUGALOO | MS | 39174 | 640303093 | 501C3 | $50,000 | $0 | BROADBAND PROGRAM | |
| TUSKEGEE UNIVERSITY | |||||||||
| 1200 WEST MONTGOMERY ROAD | TUSKEGEE | AL | 36088 | 630288878 | 501C3 | $50,000 | $0 | BROADBAND PROGRAM | |
| TUSKEGEE UNIVERSITY | |||||||||
| 1200 WEST MONTGOMERY ROAD | TUSKEGEE | AL | 36088 | 630288878 | 501C3 | $14,600 | $0 | HELPS PROGRAM | |
| UC RIVERSIDE FOUNDATION | |||||||||
| 900 UNIVERSITY AVENUE | RIVERSIDE | CA | 92521 | 237433570 | 501C3 | $25,000 | $0 | HELPS PROGRAM | |
| VIRGINIA UNION UNIVERSITY | |||||||||
| 1500 N LOMBARDY ST | RICHMOND | VA | 23220 | 540524516 | 501C3 | $80,030 | $0 | HELPS PROGRAM | |
| VOORHEES UNIVERSITY | |||||||||
| 1897 VOORHEES ROAD | DENMARK | SC | 29042 | 570329786 | 501C3 | $50,000 | $0 | BROADBAND PROGRAM | |
| XAVIER UNIVERSITY OF LOUISIANA | |||||||||
| 1 DREXEL DRIVE | NEW OLREANS | LA | 70125 | 720635884 | 501C3 | $50,000 | $0 | BROADBAND PROGRAM | |
| XAVIER UNIVERSITY OF LOUISIANA | |||||||||
| 1 DREXEL DRIVE | NEW OLREANS | LA | 70125 | 720635884 | 501C3 | $30,992 | $0 | HELPS PROGRAM | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 34 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| FREEDOM VIDEO GRANT | 8 | $18,250 |
| AI HACKATHON 2023 GRANT | 2 | $5,833 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MARK BROWN | ||||||||||||||
| EXECUTIVE DIRECTOR | $312,764 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $206 | $0 | $312,970 | $0 | $0 | $0 |
| BARRY CYNAMON | ||||||||||||||
| DIRECTOR OF PROGRAM DESIGN | $195,442 | $0 | $0 | $0 | $0 | $0 | $12,244 | $0 | $38,772 | $0 | $246,458 | $0 | $0 | $0 |
| MICHELE MCCULLOM | ||||||||||||||
| GENERAL COUNSEL & SECRETARY | $197,973 | $0 | $0 | $0 | $0 | $0 | $12,027 | $0 | $12,805 | $0 | $222,805 | $0 | $0 | $0 |
| RONALD CROZIER | ||||||||||||||
| CHIEF SECURITY OFFICER | $174,204 | $0 | $0 | $0 | $0 | $0 | $5,935 | $0 | $34,509 | $0 | $214,648 | $0 | $0 | $0 |
| YVETTE THOMAS | ||||||||||||||
| DIRECTOR OF CAPACITY BUILDING | $176,900 | $0 | $0 | $0 | $0 | $0 | $7,701 | $0 | $10,394 | $0 | $194,995 | $0 | $0 | $0 |
| KENNETH LUZZATTO | ||||||||||||||
| PROJECT MANAGER | $160,311 | $0 | $0 | $0 | $0 | $0 | $9,332 | $0 | $12,426 | $0 | $182,069 | $0 | $0 | $0 |
| DONNA JONES | ||||||||||||||
| DIRECTOR OF OPERATIONS | $149,581 | $0 | $0 | $0 | $0 | $0 | $8,976 | $0 | $338 | $0 | $158,895 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | KEITH SHOATES, ROBERT SMITH - BUSINESS RELATIONSHIP |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION REVIEWS THE FORM 990 WITH THEIR FINANCIAL ACCOUNTANTS PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | POLICIES ARE REVIEWED ON QUARTERLY BASIS TO MAINTAIN COMPLIANCY. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPARATIVE DATA WAS REVIEWED AND APPROVED BY THE BOD. A BOD MOTION WAS MADE AND APPROVED DETERMINING COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST FOR THE SAME PERIOD AS SET FORTH IN SECTION 6104(D). |
| FORM 990, PART IX, LINE 11G | OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 3,983,186. MANAGEMENT AND GENERAL EXPENSES 142,797. FUNDRAISING EXPENSES 55,637. TOTAL EXPENSES 4,181,620. |
| FORM 990, PART XI, LINE 9: | CHANGE IN DISCOUNT ON MULTI YEAR RECEIVABLES -1,172,445. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STUDENT FREEDOM FUND | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 633 PENNSYLVANIA AVE NW FL 5 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 884314074 | EIN |
| Primary Activities | FACILITATE THE ADMINISTRATION OF THE STUDENT FREEDOM AGREEMENTS | PrimaryActivitiesTxt |
| Legal Domicile State | DC | LegalDomicileStateCd |
| Total Income | $7,637,144 | TotalIncomeAmt |
| End Of Year Assets | $7,778,766 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STUDENT FREEDOM INITIATIVE | BusinessNameLine1Txt |