Education Is Freedom Foundation
- Assets
- $1.8m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 147
- Location
- Dallas, TX
- Founding
- 07/2002
- Data as of
- 07/2021
- EIN
- 04-3643313
Organization Overview
Education Is Freedom Foundation is located in Dallas, TX. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 07/2021, Education Is Freedom Foundation employed 147 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Is Freedom 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 07/2021, Education Is Freedom Foundation generated $3.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $3.0m during the year ending 07/2021. While expenses have increased by 7.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EIF IS A NONPROFIT ORGANIZATION DEDICATED TO PROVIDING COMPREHENSIVE COLLEGE PLANNING SERVICES AND PRODUCING LIFE CHANGING RESULTS FOR STUDENTS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGH SCHOOL PROGRAM: EDUCATION IS FREEDOM (EIF) PLACES HIGHER EDUCATION ADVISORS IN TRADITIONALLY UNDERSERVED HIGH SCHOOLS TO ASSIST STUDENTS WITH COLLEGE , CAREER, AND LIFE READINESS. THESE ADVISORS HAVE THEIR OWN CLASSROOM EQUIPPED WITH COMPUTERS WHERE THEY PROVIDE EXPERT KNOWLEDGE TO ASSIST STUDENTS WITH POST-SECONDARY PREPARATORY ACTIVITIES (APPLICATIONS FOR COLLEGE ADMISSION, FINANCIAL AID, MILITARY, WORKFORCE READINESS, AND MORE). IN 2020-2021, EIF HAD ADVISORS IN 35 HIGH SCHOOLS AND 1 MIDDLE SCHOOL ACROSS DALLAS, AUSTIN, GRAND PRAIRIE, ELGIN, AND PFLUGERVILLE ISDS
INTERN PROGRAMS: EDUCATION IS FREEDOM DESIGNS AND IMPLEMENTS DALLAS WORKS(DW), THE ANNUAL DALLAS MAYORS SUMMER YOUTH EMPLOYMENT PROGRAM, AND THE RICHARDSON MAYORS SUMMER INTERNSHIP PROGRAM (RMSIP). DW AND RMSIP INCLUDE EIGHT-WEEK, PAID SUMMER INTERNSHIP PROGRAMS WHICH INTRODUCE EXEMPLARY SCHOLARS FROM DALLAS AND RICHARDSON PUBLIC AND CHARTER SCHOOLS TO FUTURE CAREER OPPORTUNITIES IN INDUSTRIES WHERE THEY HAVE EXPRESSED INTEREST. IN 2021, BOTH INTERN PROGRAMS COMBINED SUPPORTED OVER 672 STUDENTS WORKING IN SUMMER JOBS AND INTERNSHIPS.
OTHER PROGRAM SERVICES: THE ORGANIZATIONS OTHER SERVICES INCLUDE BUT ARE NOT LIMITED TO A PARTNERSHIP WITH MY BROTHERS KEEPER IN AUSTIN, EIF SCHOLARS AND EVENING WITH THE STARS SCHOLARSHIP CELEBRATION, EIF MOBILE AND COMMUNITY OUTREACH; AND VIRTUAL MASTER CLASSES AND TUESDAY TALKS FOR STUDENTS, FAMILIES, AND SUPPORTERS OF EIF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Page President & CEO | OfficerTrustee | 40 | $190,078 |
Walter Smith Chief Operating Officer | Officer | 40 | $115,020 |
Mark Okada Chairman | OfficerTrustee | 2 | $0 |
Rafael Anchia Director | OfficerTrustee | 1 | $0 |
Royce West Director | Trustee | 1 | $0 |
Matthew Randazzon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $360,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $938,379 |
| Noncash contributions included in lines 1a–1f | $160,529 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,298,479 |
| Total Program Service Revenue | $2,261,251 |
| Investment income | $4,304 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,564,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,974,433 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $231,304 |
| Payroll taxes | $177,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,420 |
| Advertising and promotion | $0 |
| Office expenses | $52,768 |
| Information technology | $45,188 |
| Royalties | $0 |
| Occupancy | $208,099 |
| Travel | $25,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,126 |
| Insurance | $27,863 |
| All other expenses | $0 |
| Total functional expenses | $3,021,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,608,383 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $116,717 |
| Accounts receivable, net | $1,702 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,690 |
| Net Land, buildings, and equipment | $27,402 |
| Investments—publicly traded securities | $37,876 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,800,770 |
| Accounts payable and accrued expenses | $43,825 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $451,658 |
| Total liabilities | $495,483 |
| Net assets without donor restrictions | $1,162,254 |
| Net assets with donor restrictions | $143,033 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,800,770 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Education Is Freedom Foundation has recieved totaling $73,962.
| Awarding Organization | Amount |
|---|---|
National College Attainment Network Washington, DC PURPOSE: RE-ENGAGING STUDENTS IN COLLEGE ENROLLMENT AND PERSISTENCE | $30,000 |
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $25,600 |
Union Pacific Foundation Omaha, NE PURPOSE: CAREER AWARENESS AND READINESS FOR YOUTH | $10,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $8,315 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $47 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |
Abell-Hanger Foundation Midland, TX | $130,201,135 | $12,262,823 |
J F Maddox Foundation Hobbs, NM | $240,372,497 | $15,567,055 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |