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EIN 85-0557522

Student Freedom Initiative

IRS 501(c) type
501(c)(3)
Num. employees
17
City
Washington
State
District of Columbia
Year formed
2020
Most recent tax filings
2022-06-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
Description
Student Freedom Initiative is a 501(c)(3) nonprofit organization dedicated to ensuring freedom in professional and life choices for students attending Minority Serving Institutions (MSIs). Its mission is to address the overwhelming student debt faced by many young men and women attending historically black colleges and universities by providing a student-centric funding source for education costs as an alternative to high-interest loans.
Total revenues
$15,285,825
2022
Total expenses
$5,195,727
2022
Total assets
$132,770,538
2022
Num. employees
17
2022

Program areas at Student Freedom Initiative

To address the overwhelming Student debt faced by all too many of the young men and women attending historically black colleges and universities by providing a student-centric funding source for education costs as an alternative to high-interest loans.

Who funds Student Freedom Initiative

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fund Ii FoundationPromote/improve Access To Higher Education By Providing Students With An Alternative To High-Interest Loans.$5,000,000
First Republic FoundationProvide A Catalyst for Freedom in Professional and Life Choices for Students Attending Minority Serving Institutions ("msis") By Increasing Their Social and Economic Mobility Using A Student Centric, Evidence Based, Holistic, and Collaborative Approach.$1,000,000

Personnel at Student Freedom Initiative

NameTitleCompensation
Keith ShoatesChief Operating Officer$0
Donna JonesDirector of Operations$133,975
Barry CynamonDirector of Program Design$175,867
Michele McCullomGeneral Counsel and Secretary$181,205
Chimere JonesEngagement Partner$100,213
...and 2 more key personnel

Financials for Student Freedom Initiative

RevenuesFYE 06/2022
Total grants, contributions, etc.$13,282,489
Program services$1,796,280
Investment income and dividends$194,134
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-78
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$13,000
Total revenues$15,285,825

Form 990s for Student Freedom Initiative

Fiscal year endingDate received by IRSFormPDF link
2022-062023-03-26990View PDF
2020-062021-05-18990View PDF

Organizations like Student Freedom Initiative

OrganizationLocationRevenue
The Wright FoundationChicago, IL$5,725,099
George Junior RepublicGrove City, PA$12,867,646
Mason KoreaFairfax, VA$12,324,735
The Education FundMiami Lakes, FL$6,126,022
UC Berkeley Center for Executive EducationBerkeley, CA$24,161,289
Somos MayfairSan Jose, CA$9,791,764
American Council of Trustees and Alumni (ACTA)Washington, DC$4,080,282
InflexionEugene, OR$5,065,670
New York City Charter School CenterNew York, NY$4,396,577
MeristemFair Oaks, CA$4,524,417
Data update history
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Updated personnel
Identified 6 new personnel
June 10, 2023
Used new vendors
Identified 3 new vendors, including , , and
May 14, 2023
Used new vendors
Identified 1 new vendor, including
May 9, 2023
Received grants
Identified 1 new grant, including a grant for $5,000,000 from Fund Ii Foundation
Nonprofit Types
Social advocacy organizationsSchoolsCharities
Issues
Education
Characteristics
Tax deductible donations
General information
Address
633 Pennsylvania Ave NW 5th FL
Washington, DC 20004
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
Phone
(202) 559-0007
IRS details
EIN
85-0557522
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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