Freire Foundation
- Assets
- $4.2m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 07/2011
- Data as of
- 06/2023
- EIN
- 27-2568814
Organization Overview
Freire Foundation is located in Philadelphia, PA. The organization was established in 2011. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freire 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 06/2023, Freire Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $2.3m during the year ending 06/2023. While expenses have increased by 22.3% per year over the past 7 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.
Since 2016, Freire Foundation has awarded 20 individual grants totaling $4,758,054. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION HOLDS REAL ESTATE FOR FREIRE CHARTER SCHOOL AND PROVIDES SUPPORT TO CHARTER SCHOOLS THAT USE THE FREIRE EDUCATION MODEL
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREIRE FOUNDATION ADVANCES THE MISSION OF THE FREIRE NETWORK BY RAISING FUNDS TO SUPPORT VALUABLE PROGRAMMING IN EMOTIONAL SUPPORTS, CREATIVE AND TECH-INTEGRATED LEARNING, COLLEGE AND CAREER PLANNING, STEAM, AFTER SCHOOL ACTIVITIES, LEADERSHIP AND STAFF DEVELOPMENT (INCLUDING EXTENSIVE DEI TRAINING), ETC. THESE RESOURCES HELP THE FREIRE SCHOOLS TO BEST SERVICE ALL STUDENTS WITH A RIGOROUS EDUCATION IN A SAFE, CREATIVE, AND SUPPORTIVE ENVIRONMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Davidson President | OfficerTrustee | 1 | $0 |
John Elduff Secretary | OfficerTrustee | 1 | $0 |
Joan Goldstein Vice President | OfficerTrustee | 1 | $0 |
Kathleen O'connell Treasurer | OfficerTrustee | 1 | $0 |
Gary Zlotnick Director | Trustee | 1 | $0 |
Sarah Lincoln Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,400,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,400,430 |
| Total Program Service Revenue | $252,000 |
| Investment income | $934 |
| 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 | $2,653,364 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,924,278 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,999 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $9,891 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,645 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $156,214 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,740 |
| Insurance | $2,758 |
| All other expenses | $0 |
| Total functional expenses | $2,255,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $638,210 |
| Savings and temporary cash investments | $940,770 |
| Pledges and grants receivable | $36,820 |
| Accounts receivable, net | $0 |
| 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 | $17,728 |
| Net Land, buildings, and equipment | $2,578,660 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,212,188 |
| Accounts payable and accrued expenses | $4,840 |
| 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 | $2,393,038 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,397,878 |
| Net assets without donor restrictions | $1,354,802 |
| Net assets with donor restrictions | $459,508 |
| 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 | $4,212,188 |
Grants Awarded
Over the last fiscal year, Freire Foundation has awarded $1,924,278 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TECH FREIRE CHARTER SCHOOL PURPOSE: TO SUPPORT THE OPERATIONS OF THE SCHOOL (UNRESTRICTED ASSISTANCE) AND AFTER SCHOOL PROGRAMMING. | $114,933 |
FREIRE CHARTER SCHOOL PURPOSE: TO SUPPORT THE OPERATIONS OF THE SCHOOL (UNRESTRICTED ASSISTANCE) AND AFTER SCHOOL PROGRAMMING. | $84,489 |
FREIRE COLLABORATIVE PURPOSE: GENERAL SUPPORT | $24,856 |
FREIRE CHARTER SCHOOL WILMINGTON PURPOSE: GENERAL SUPPORT | $1,700,000 |