The Free State Foundation Inc

Organization Overview

The Free State Foundation Inc is located in Potomac, MD. The organization was established in 2007. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Free State Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Free State Foundation 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 12/2021, Free State Foundation Inc generated $748.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION'S PRIMARY PURPOSE IS TO PROMOTE, THROUGH RESEARCH AND EDUCATIONAL ACTIVITIES,UNDERSTANDING OF FREE MARKET, LIMITED GOVERNMENT, AND RULE OF LAW PRINCIPLES AT THE FEDERAL LEVEL AND IN MARYLAND. THE FOUNDATION FOCUSES ON EDUCATING POLICYMAKERS, OPINION LEADERS, THE PRESS, AND GENERAL PUBLIC CONCERNING THE NEED TO ELIMINATE UNNECESSARY AND COUNTERPRODUCTIVE REGULATORY MANDATES, ESPECIALLY THOSE APPLICABLE TO THE COMMUNICATIONS AND OTHER HIGH-TECH INDUSTRIES, AND ON REDUCING OVERLY BURDENSOME TAXES, PROTECTING INDIVIDUAL RIGHTS, ECONOMIC LIBERTY, AND PROPERTY RIGHTS, AND MAKING GOVERNMENT MORE EFFECTIVE, EFFICIENT, AND ACCOUNTABLE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNICATIONS LAW AND REFORM PROJECT: THE GOAL OF THIS PROJECT, THE FOUNDATION'S LARGEST, IS TO REFORM COMMUNICATIONS AND INTERNET LAW AND POLICY TO CONFORM TO THE DYNAMIC TECHNOLOGICAL AND COMPETITIVE MARKETPLACE REALITIES OF THE DIGITAL AGE. DURING 2021, THE FOUNDATION PUBLISHED 67 ARTICLES AND SCHOLARLY STUDIES AS PART OF ITS "PERSPECTIVES FROM FSF SCHOLARS" SERIES. IT PUBLISHED 186 SEPARATE BLOGS ON COMMUNICATIONS LAW AND POLICY TOPICS. FOUNDATION SCHOLARS WERE PUBLISHED AND QUOTED OFTEN IN MAJOR NATIONAL PUBLICATIONS AND TWO OR THREE TIMES WEEKLY IN LEADING TRADE PRESS PUBLICATIONS. FSF'S THIRTEENTH ANNUAL TELECOM POLICY CONFERENCE, HELD IN MARCH AND APRIL OF 2021 VIA ZOOM, DUE TO THE CONTINUING PANDEMIC, INCLUDED A DIVERSE GROUP OF DISTINGUISHED SPEAKERS FROM ACADEMIA, GOVERNMENT, PUBLIC INTEREST ORGANIZATIONS, AND INDUSTRY. DURING THIS PERIOD, WHEN IN-PERSON EVENTS WERE NO LONGER POSSIBLE, FOUNDATION HOSTED AND FSF SCHOLARS PARTICIPATED IN A NUMBER OF ADDITIONAL WELL-ATTENDED TELEFORUMS. ON OCTOBER 15, 2021, THE FOUNDATION HOSTED AN IN-PERSON FIFTEETH ANNIVERSARY CELEBRATION AT THE NATIONAL PRESS CLUB, WITH OVER 98 ATTENDEES. ALL FREE STATE FOUNDATION EVENTS WERE OPEN TO THE PUBLIC, WIDELY COVERED IN THE PRESS, AND VIDEOS AND TRANSCRIPTS OF THE PROCEEDINGS WERE PUBLISHED AND MADE AVAILABLE TO THE PUBLIC.


MARYLAND GOVERNMENT LAW AND REFORM PROJECT: THE GOAL OF THIS PROJECT IS TO CONDUCT RESEARCH AND EDUCATIONAL ACTIVITIES THAT PROMOTE POLICIES FOR MARYLAND THAT ARE CONSISTENT WITH FISCAL DISCIPLINE AND WITH A FREE MARKET, LESS REGULATORY DIRECTION. FSF ALSO PUBLISHED ARTICLES AND COMMENTARIES RELATING TO IMPROVING MARYLAND'S FISCAL, ECONOMIC, AND REGULATORY POLICIES, INCLUDING ITS TECHNOLOGY POLICIES, AND ALSO TO REFORMING ITS BUDGET PROCESSES. FREE STATE FOUNDATION SCHOLARS MAINTAIN A BLOG TO INCLUDE COMMENTS ON MARYLAND FISCAL, ECONOMIC, AND REGULATORY ISSUES. DURING 2021, SEVERAL SUBSTANTIAL BLOGS WERE PUBLISHED ON THESE MARYLAND POLICY ISSUES.


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Board, Officers & Key Employees

Name (title)Compensation
Randolph J May
President
$344,234
Seth Cooper
Dir Of Policy Studies
$201,756
Andrew Long
Senior Fellow
$147,083
Laurie J May
Secretary/treasurer
$104,186
Thomas Tauke
Board Member
$0
William K Keane
Board Member
$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$722,141
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$722,141
Total Program Service Revenue$0
Investment income $25,711
Tax Exempt Bond Proceeds $0
Royalties $279
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 $748,131

Grants Recieved

Over the last fiscal year, we have identified 5 grants that The Free State Foundation Inc has recieved totaling $327,506.

Awarding OrganizationAmount
Ncta-The Internet & Television Association

Washington, DC

PURPOSE: GENERAL SUPPORT 2021

$160,000
Mywireless Org

Washington, DC

PURPOSE: GENERAL SUPPORT

$100,000
Motion Picture Association Inc

Sherman Oaks, CA

PURPOSE: General Support

$50,000
United States Telecom Association

Washington, DC

PURPOSE: PROGRAM SUPPORT

$17,500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$6
View Grant Recipient Profile

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