Freedom Forum Inc
- Assets
- $0.0
- Revenue
- $16.1m
- Investments
- $579.3m
- Employees
- 0
- Location
- Laurel, MD
- Founding
- 01/1992
- Data as of
- 12/2020
- EIN
- 54-1604427
Organization Overview
Freedom Forum Inc is located in Laurel, MD. 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 12/2020, Freedom Forum Inc generated $16.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $29.1m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Freedom Forum Inc has awarded 98 individual grants totaling $154,874,648. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES MADE TO ADVANCE AND MAINTAIN THE OPERATIONS AND OPERATIONAL ASSETS OF NEWSEUM, INC. (AN IRC 501 (C)(3)TAX EXEMPT ORGANIZATION) AND NEWSEUM INSITITUTE, INC. (EDUC. INSTITUTION).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Neuharth Chair And Chief Executive Officer | 29 | $726,191 | |
Cathy Trost Chief Engagement Off | 40 | $267,375 | |
Nicole F Mandeville Treasurer/cfo - Left 8/31/21 | 29 | $263,623 | |
Sherry Minear Treasurer,cfo,chief Admin. Officer | 29 | $235,778 | |
Carrie Christoffersen VP Of Engagement & C | 40 | $189,341 | |
Patricia Rhule Chief Content Office | 40 | $175,964 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gs Global Private Opportunities Ii Offshore Lp | 12/30/21 | $4,770,989 |
Goldman Sachs Star Investors Lp | 12/30/21 | $1,716,481 |
Gs West Street Capital Partners | 12/30/21 | $622,866 |
Goldman Sachs Bydc Investors | 12/30/21 | $1,184,769 |
Gs China-us Industrial Cooperation Partnership | 12/30/21 | $812,344 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,919,793 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,395 |
| Total Revenue | $16,145,029 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,680,800 |
| Pension plans, employee benefits | $1,704,919 |
| Depreciation | $955,902 |
| Occupancy | $2,936,707 |
| Travel, conferences, and meetings | $63,805 |
| Printing and publications | $188,231 |
| Total operating and administrative expenses | $24,397,746 |
| Contributions, gifts, grants paid | $4,665,838 |
| Total expenses and disbursements | $29,063,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,607,363 |
| Investments—mortgage loans | $0 |
| Investments—other | $242,002,009 |
| Other assets | $42,977,326 |
| Mortgages and other notes payable | $50,000,000 |
| Other liabilities | $77,821,611 |
Grants Awarded
Over the last fiscal year, Freedom Forum Inc has awarded $796,543 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
FREEDOM FORUM INSTITUTE INC PURPOSE: GENERAL SUPPORT | $679,081 |
NEWSEUM INC PURPOSE: GENERAL SUPPORT | $39,462 |
Philadelphia, PA PURPOSE: GENERAL SUPPORT | $25,000 |
Washington, DC PURPOSE: 2021 COURAGE IN JOURNALISM AWARDS | $10,000 |
THE HOUSE STUDENT LEADERSHIP ORGANIZATION PURPOSE: GENERAL SUPPORT | $3,000 |
BLUEGRASS COMMUNITY & TECHNICAL COLLEGE PURPOSE: FREE SPIRIT SCHOLARSHIP | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Freedom Forum Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
James R And Linda Beers Foundation Inc Washington, DC PURPOSE: DONATION TO FURTHER CHARITABLE PURPOSE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |