The Foundation For Research On Equal Opportunity
- Assets
- $624.9k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-2699310
Organization Overview
The Foundation For Research On Equal Opportunity is located in Austin, TX. The organization was established in 2016. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Research On Equal Opportunity 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, Foundation For Research On Equal Opportunity generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 42.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY CONDUCTS ORIGINAL RESEARCH ON (CONT. ON SCH O) EXPANDING ECONOMIC OPPORTUNITY TO THOSE WHO LEAST HAVE IT. FREOPP IS COMMITTED TO DEPLOYING THE NATION'S LEADING SCHOLARS AND THE TOOLS OF INDIVIDUAL LIBERTY, FREE ENTERPRISE, TECHNOLOGICAL INNOVATION, AND PLURALISM TO SERVE THIS MISSION. ALL RESEARCH CONDUCTED BY FREOPP CONSIDERS THE IMPACT OF PUBLIC POLICIES AND PROPOSED REFORMS ON THOSE WITH INCOMES OR WEALTH BELOW THE U.S. MEDIAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY CONDUCTS ORIGINAL RESEARCH ON EXPANDING ECONOMIC OPPORTUNITY TO THOSE WHO LEAST HAVE IT. FREOPP IS COMMITTED TO DEPLOYING THE NATION'S LEADING SCHOLARS AND THE TOOLS OF INDIVIDUAL LIBERTY, FREE ENTERPRISE, AND TECHNOLOGICAL INNOVATION TO SERVE THIS MISSION. ALL RESEARCH CONDUCTED BY FREOPP CONSIDERS THE IMPACT OF PUBLIC POLICIES AND PROPOSED REFORMS ON THOSE WITH INCOMES OR WEALTH BELOW THE U.S. MEDIAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ames Brown Board Member | OfficerTrustee | 2 | $0 |
Avik Roy President / Board Member | OfficerTrustee | 40 | $0 |
Michael Miltenberger Board Member | Officer | 2 | $0 |
Vivek Ramaswamy Board Member | Trustee | 2 | $0 |
Lanhee Chen Board Member | Trustee | 2 | $0 |
Jonathan Bush Chairman Of The Board | Trustee | 5 | $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 | $1,468,281 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,468,281 |
| Total Program Service Revenue | $0 |
| Investment income | $11,802 |
| 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 | $1,480,083 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $513,848 |
| Compensation of current officers, directors, key employees. | $59,739 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $65,004 |
| Payroll taxes | $36,935 |
| 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 | $292,723 |
| Advertising and promotion | $0 |
| Office expenses | $4,846 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,569 |
| Travel | $68,285 |
| 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 | $386 |
| Insurance | $3,122 |
| All other expenses | $974 |
| Total functional expenses | $1,109,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,229 |
| Savings and temporary cash investments | $0 |
| 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 | $19,915 |
| Net Land, buildings, and equipment | $6,780 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $329,945 |
| Total assets | $624,869 |
| Accounts payable and accrued expenses | $63,158 |
| 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 | $63,158 |
| Net assets without donor restrictions | $561,711 |
| Net assets with donor restrictions | $0 |
| 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 | $624,869 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that The Foundation For Research On Equal Opportunity has recieved totaling $1,116,649.
| Awarding Organization | Amount |
|---|---|
Laura And John Arnold Foundation Houston, TX PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT. | $500,000 |
Sarah Scaife Foundation Inc Pittsburgh, PA PURPOSE: PROGRAM SUPPORT IN HEALTH POLICY AND HOUSING POLICY | $150,000 |
Laura And John Arnold Foundation Houston, TX PURPOSE: TO CONDUCT AND PUBLISH ANALYSES ON RETURN ON INVESTMENT IN HIGHER EDUCATION. | $134,172 |
Bradley Impact Fund Inc Milwaukee, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $100,550 |
Searle Freedom Trust Madison, WI PURPOSE: RESEARCH | $75,000 |
Achelis And Bodman Foundation New York, NY PURPOSE: ENERGY PROGRAM | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heartland Forward Bentonville, AR | $3,100,602 | $9,900,502 |
Arkansas Research Alliance Conway, AR | $2,528,169 | $2,522,456 |
Real Estate Council Inc Dallas, TX | $1,409,391 | $1,647,020 |
The Foundation For Research On Equal Opportunity Austin, TX | $624,869 | $1,480,083 |
Operator Foundation Austin, TX | $143,524 | $731,650 |
Ngage New Mexico Las Cruces, NM | $337,413 | $839,756 |
Research & Development Associates Inc San Antonio, TX | $276,530 | $508,511 |
Action Plan Oklahoma Inc Oklahoma City, OK | $198,785 | $400,000 |
Institute For Economic Empowerment Of Women Oklahoma City, OK | $149,356 | $182,626 |
North Texas Commission Foundation DFW Airport, TX | $257,060 | $193,131 |
Hrec Inc Houston, TX | $91,820 | $87,000 |
Austin Investigative Reporting Project Austin, TX | $18,450 | $0 |