Education Freedom Alabama
- Assets
- $4.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Birmingham, AL
- Founding
- Data as of
- 06/2022
- EIN
- 86-1722407
Organization Overview
Education Freedom Alabama is located in Birmingham, AL. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Education Freedom Alabama employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Freedom Alabama 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 06/2022, Education Freedom Alabama generated $2.3m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Education Freedom Alabama has awarded 119 individual grants totaling $4,029,607. 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
OUR MISSION IS TO EMPOWER FAMILIES TO CHOOSE THE SCHOOL THAT BEST FITS THEIR CHILD'S UNIQUE EDUCATIONAL NEEDS. WE PROVIDE SCHOLARSHIPS TO LOW-INCOME, K-12 CHILDREN WHO ARE NOT SUCCEEDING IN THEIR CURRENT ENVIRONMENT. SCHOLARSHIPS ARE FUNDED BY THE DONATION OF CORPORATE AND INDIVIDUAL ALABAMA INCOME TAX LIABILITY. EVERY ALABAMA CHILD HAS AN EQUAL OPPORTUNITY TO A QUALITY EDUCATION, WHICH CAN ONLY OCCUR WHEN EDUCATORS AND LOCAL COMMUNITIES ARE EMPOWERED TO CREATE DIVERSE LEARNING OPTIONS AND ALL PARENTS ARE EMPOWERED TO MATCH THEIR CHILDREN TO THE LEARNING OPTION THAT BEST MEETS THEIR NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALABAMA OPPORTUNITY SCHOLARSHIP FUND ALOSF IS A SCHOLARSHIP GRANTING ORGANIZATION FORMED TO IMPLEMENT THE ALABAMA ACOUNTABILITY ACT. ALOSF AWARDS SCHOLARSHIPS TO ELIGIBLE LOW-INCOME K5-12TH GRADE STUDENTS WITH PRIORITY GIVEN TO STUDENTS WHO ARE ZONED TO ATTEND A FAILING PUBLIC SCHOOL. THE SCHOLARSHIPS PAY FOR PRIVATE SCHOOL TUITION OR TRANSFER FEES TO A NON-FAILING PUBLIC SCHOOL. THE FIRST SCHOLARSHIPS WERE GRANTED FOR THE SEMESTER STARTING JANUARY 2014. ALOSF HAS AWARDED OVER 12,000 SCHOLARSHIPS OVER 7 1/2 YEARS REPRESENTING 46 OF THE 67 COUNTIES IN ALABAMA. THE SCHOLARSHIPS ARE FUNDED BY DONATIONS OF INCOME TAX LIABILITY FROM INDIVIDUALS AND CORPORATIONS WHO RECEIVE AN ALABAMA STATE INCOME TAX CREDIT.
THE C2 OPPORTUNITY SCHOLARSHIP FUND C2 IS A SCHOLARSHIP GRANTING ORGANIZATION FORMED TO IMPLEMENT THE ALABAMA ACOUNTABILITY ACT FOR PARENTS INTERESTED IN CATHOLIC EDUCATION WITHIN THE DIOCESE OF BIRMINGHAM. C2 AWARDS SCHOLARSHIPS TO ELIGIBLE LOW-INCOME STUDENTS WITH PRIORITY GIVEN TO STUDENTS WHO ARE ZONED TO ATTEND A FAILING PUBLIC SCHOOL IN GRADES K5-12. THE SCHOLARSHIPS ARE FUNDED BY DONATIONS OF INCOME TAX LIABILITY FROM INDIVIDUALS AND CORPORATIONS WHO RECEIVE AN ALABAMA STATE INCOME TAX CREDIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Ryan Executive Dir. | OfficerTrustee | 40 | $40,563 |
Julie Benz Treasurer | OfficerTrustee | 2 | $278 |
Lesley Searcy Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,584,465 |
| All other contributions, gifts, grants, and similar amounts not included above | $702,636 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,287,101 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $2,287,101 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,802,782 |
| 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. | $43,640 |
| Compensation of current officers, directors, key employees. | $8,729 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,929 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,695 |
| Payroll taxes | $5,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,436 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,000 |
| Office expenses | $2,224 |
| Information technology | $10,192 |
| Royalties | $0 |
| Occupancy | $288 |
| Travel | $2,157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $333 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,184 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,976,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,942,495 |
| Savings and temporary cash investments | $2,208,355 |
| Pledges and grants receivable | $4,000 |
| 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 | $3,144 |
| Net Land, buildings, and equipment | $140,613 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,298,607 |
| Accounts payable and accrued expenses | $602 |
| 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 | $602 |
| Net assets without donor restrictions | $199,073 |
| Net assets with donor restrictions | $4,098,932 |
| 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 | $4,298,607 |
Grants Awarded
Over the last fiscal year, Education Freedom Alabama has awarded $1,732,196 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
Mobile, AL PURPOSE: Provide access to quality education | $211,600 |
SUCCESS UNLIMITED ACADEMY PURPOSE: Provide access to quality education | $173,895 |
FAITH ACADEMY PURPOSE: Provide access to quality education | $75,245 |
SYLVAN LEARNING CENTER PURPOSE: Provide access to quality education | $69,500 |
Mobile, AL PURPOSE: Provide access to quality education | $64,575 |
Birmingham, AL PURPOSE: Provide access to quality education | $63,350 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Education Freedom Alabama has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Woodward Hines Education Foundation Jackson, MS | $222,031,290 | $28,726,652 |