Education Is Freedom Foundation
- Assets
- $2.8m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 134
- Location
- Dallas, TX
- Founding
- 07/2002
- Data as of
- 07/2023
- 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 07/2023, Education Is Freedom Foundation employed 134 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 07/2023, Education Is Freedom Foundation generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $4.4m during the year ending 07/2023. While expenses have increased by 10.9% per year over the past 8 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
2023
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 UNDER-SERVED HIGH SCHOOLS TO ASSIST STUDENTS WITH COLLEGE, CAREER, AND LIFE READINESS SKILLS. EIF ADVISORS ARE EQUIPPED TO PROVIDE EXPERT KNOWLEDGE TO ASSIST STUDENTS WITH POST-SECONDARY PREPARATORY ACTIVITIES SUCH AS APPLICATIONS FOR FINANCIAL AID, COLLEGE ADMISSION, MILITARY, AND WORKFORCE CERTIFICATION. IN 2022-2023, EIF HAD ADVISORS IN 32 HIGH SCHOOLS ACROSS DALLAS, GARLAND AND GRAND PRAIRIE ISDS.
INTERN PROGRAM: EDUCATION IS FREEDOM DESIGNS AND IMPLEMENTS THE DALLAS WORKS INTERN PROGRAM (DWP).DWP INCLUDES EIGHT-WEEK, PAID SUMMER INTERNSHIPS WHICH INTRODUCES STUDENTS (16-24) FROM THE CITY OF DALLAS PUBLIC AND CHARTER SCHOOLS TO FUTURE CAREER OPPORTUNITIES IN INDUSTRIES WHERE THEY HAVE EXPRESSED INTEREST. IN 2023, DALLAS WORKS PROVIDED OVER 1,400 SUMMER EMPLOYMENT OPPORTUNITIES TO STUDENTS (135 LEADERSHIP DEVELOPMENT INTERNSHIPS AND 1,290 SUMMER JOBS)
OTHER PROGRAM SERVICES: EDUCATION IS FREEDOMS OTHER SERVICES INCLUDE BUT ARE NOT LIMITED TO EIFS SCHOLARS PROGRAM OFFERED DTO A SELECT GROUP OF HIGH PERFORMING HIGH SCHOOL JUNIORS AND SENIORS AS WELL AS THE EVENING WITH THE STARS SCHOLARSHIPS CELEBRATION, 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 | Officer | 40 | $195,000 |
Walter Smith Chief Operating Officer | Officer | 40 | $121,000 |
Shannon Page Key Employee | Officer | 0 | $121,000 |
Matthew Randazzon Director | Trustee | 1 | $0 |
Royce West Director | Trustee | 1 | $0 |
Sandi Karrmann Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $471,143 |
| All other contributions, gifts, grants, and similar amounts not included above | $208,896 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $680,039 |
| Total Program Service Revenue | $4,361,102 |
| Investment income | $1,130 |
| 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 | $5,042,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $58,765 |
| 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 | $2,486,929 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $378,036 |
| Payroll taxes | $378,611 |
| 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 | $0 |
| Advertising and promotion | $7,409 |
| Office expenses | $71,938 |
| Information technology | $98,809 |
| Royalties | $0 |
| Occupancy | $208,897 |
| Travel | $58,652 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,841 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,160 |
| Insurance | $39,898 |
| All other expenses | $240,597 |
| Total functional expenses | $4,372,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,167,226 |
| Savings and temporary cash investments | $153,598 |
| Pledges and grants receivable | $59,453 |
| Accounts receivable, net | $55,537 |
| 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 | $5,127 |
| Net Land, buildings, and equipment | $18,793 |
| Investments—publicly traded securities | $38,197 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $287,831 |
| Total assets | $2,785,762 |
| Accounts payable and accrued expenses | $264,818 |
| Grants payable | $0 |
| Deferred revenue | $100,004 |
| 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 | $294,747 |
| Total liabilities | $659,569 |
| Net assets without donor restrictions | -$2,380,003 |
| Net assets with donor restrictions | $4,506,196 |
| 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 | $2,785,762 |