1. Directory
  2. District of Columbia
  3. Washington
  4. Student Freedom Initiative
EIN 85-0557522

Student Freedom Initiative

IRS 501(c) type
501(c)(3)
Num. employees
18
City
Washington
State
District of Columbia
Year formed
2020
Most recent tax filings
2023-06-01
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
$19,723,286
2023
Total expenses
$7,282,206
2023
Total assets
$145,875,504
2023
Num. employees
18
2023

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.

Grants made by Student Freedom Initiative

GranteeGrant descriptionAmount
Miles CollegeBroadband Program$50,000
Selma UniversityBroadband Program$50,000
West Virginia State University FoundationBroadband Program$50,000
...and 4 more grants made

Who funds Student Freedom Initiative

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fund Ii FoundationSupporting Student Loan Relief Efforts$10,000,000
Vanguard Charitable Endowment ProgramFor Recipient's Exempt Purpose$5,150,000
Dick and Betsy Devos Family FoundationProject/program - Education With A Purpose$500,000

Personnel at Student Freedom Initiative

NameTitleCompensation
Lawrence P. BancroftChief Executive Officer$0
Mark A. Brown, Ed.d.President and Chief Executive Officer$300,875
Robert F. SmithFounder, Chairman and CEO, Vista Equity Partners and Philanthropist$0
Keith B. ShoatesChief Operating Officer, Director$0
Linda D. WilsonExecutive Director Fund Ii Foundation$0
...and 15 more key personnel

Financials for Student Freedom Initiative

RevenuesFYE 06/2023
Total grants, contributions, etc.$16,652,730
Program services$1,755,711
Investment income and dividends$1,399,416
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-84,590
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$19
Total revenues$19,723,286

Form 990s for Student Freedom Initiative

Fiscal year endingDate received by IRSFormPDF link
2022-062023-03-26990View PDF
2021-062022-05-06990View PDF
2020-062021-05-18990View PDF

Organizations like Student Freedom Initiative

OrganizationLocationRevenue
The One Love Foundation In Honor of Yeardley LoveBronxville, NY$10,796,825
Progeorgia State TableAtlanta, GA$12,339,512
Code OrgSeattle, WA$33,251,623
Tennessee State Collaborative on Reforming Education (SCORE)Nashville, TN$17,867,690
Array EducationNew York, NY$13,221,952
TalkingPointsSan Francisco, CA$18,603,925
Southeast Regional Resource Center (SERRC)Juneau, AK$9,703,939
Community Action Partnership of Mid-NebraskaKearney, NE$13,526,656
The Commit PartnershipDallas, TX$29,585,342
Education Design LabWashington, DC$10,446,492
Data update history
December 27, 2023
Received grants
Identified 2 new grant, including a grant for $10,000,000 from Fund Ii Foundation
September 24, 2023
Received grants
Identified 1 new grant, including a grant for $1,100,000 from Capital One Foundation
August 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Updated personnel
Identified 6 new personnel
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
Website URL
studentfreedominitiative.org/ 
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
Free account sign-up

Want updates when Student Freedom Initiative has new information, or want to find more organizations like Student Freedom Initiative?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2024 Nonprofit Metrics LLC
Terms of Service and Privacy Policy