Freeman Educational Foundation 2113
- Assets
- $27.7m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 08/1985
- Data as of
- 10/2022
- EIN
- 74-6149527
Organization Overview
Freeman Educational Foundation 2113 is located in San Antonio, TX. The organization was established in 1985. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Freeman Educational Foundation 2113 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 10/2022, Freeman Educational Foundation 2113 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 13.5% each year . All expenses for the organization totaled $1.3m during the year ending 10/2022. While expenses have increased by 11.0% 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 2018, Freeman Educational Foundation 2113 has awarded 98 individual grants totaling $6,629,590. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ONE OF THE PURPOSES OF THIS TRUST IS TO ASSIST DESERVING BOYS AND GIRLS OF GOOD CHARACTER WHO ARE IN NEED OF ASSISTANCE AND WHO ARE CITIZENS OF BOTH THE STATE OF TEXAS AND THE UNITED STATES IN OBTAINING A COLLEGE EDUCATION IN COLLEGES OR UNIVERSITIES IN THE STATE OF TEXAS. THE OTHER PURPOSE OF THIS TRUST IS TO ASSIST THE CHARITABLE ORGANIZATIONS SET FORTH IN THE TRUST DOCUMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICAN CANCER SOCIETY
AMERICAN HEART ASSOCIATION
THE ARC OF SAN ANTONIO
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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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $642,250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $40,477 |
| Net Gain/Loss on Asset Sales | $2,016,222 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,698,949 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,095,500 |
| 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. | $201,412 |
| Compensation of current officers, directors, key employees. | $100,706 |
| 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 | $7,452 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $108 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,304,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,739,739 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $20,999,544 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6 |
| Total assets | $27,739,289 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $27,739,283 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $6 |
| Total liabilities and net assets/fund balances | $27,739,289 |
Grants Awarded
Over the last fiscal year, Freeman Educational Foundation 2113 has awarded $1,095,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
San Antonio, TX PURPOSE: CHARITABLE | $78,250 |
San Antonio, TX PURPOSE: CHARITABLE | $78,250 |
San Antonio, TX PURPOSE: CHARITABLE | $78,250 |
Atlanta, GA PURPOSE: CHARITABLE | $78,250 |
Dallas, TX PURPOSE: CHARITABLE | $78,250 |
San Antonio, TX PURPOSE: CHARITABLE | $78,250 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Freeman Educational Foundation 2113 has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Emma Freeman Trust 2114 San Antonio, TX PURPOSE: CHARITABLE | $60,000 |
Endowment Analysis
| Beg. Balance | $26,344,812 |
| Earnings | $3,360,095 |
| Other Expense | $870,125 |
| Grants | $1,095,500 |
| Ending Balance | $27,739,282 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Circle Of Life Springdale, AR | $23,639,439 | $20,357,791 |
United Way Of Central New Mexico Albuquerque, NM | $25,758,904 | $18,629,053 |
Valero Energy Foundation San Antonio, TX | $27,234,889 | $9,027,256 |
Jewish Federation Of Greater Houston Houston, TX | $13,164,896 | $16,157,692 |
United Way Of Southeast Louisiana New Orleans, LA | $29,969,457 | $17,838,416 |
Jewish Federation Of Greater Dallas Dallas, TX | $18,027,508 | $11,762,815 |
Shalom Austin Austin, TX | $8,435,174 | $13,067,909 |
Capital Area United Way Baton Rouge, LA | $14,566,817 | $6,965,583 |
Jewish Endowment Foundation Metairie, LA | $92,360,141 | $9,096,206 |
United Way Of El Paso County El Paso, TX | $7,999,389 | $6,622,179 |
United Way Of The Coastal Bend Inc Corpus Christi, TX | $7,813,987 | $6,731,389 |
Growing Up New Mexico Inc Santa Fe, NM | $5,476,758 | $4,686,891 |