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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$5,000,000
Visa FoundationTo Support Connect101$1,000,000
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
2023-062024-04-08990View PDF
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 LoveBaltimore, MD$7,811,923
NC Counts CoalitionRaleigh, NC$6,020,797
Association of Alaska School BoardsJuneau, AK$7,696,144
Institute for Nonprofit News (INN)Beverly Hills, CA$8,202,036
Results for AmericaWashington, DC$24,552,413
Human-I-TBell, CA$12,101,431
Conservative Partnership InstituteWashington, DC$36,397,454
Achieving the DreamSilver Spring, MD$16,894,508
The Mind TrustIndianapolis, IN$29,881,369
Washington STEMSeattle, WA$13,456,695
Data update history
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $1,000,000 from Visa Foundation
May 24, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 20, 2024
Updated personnel
Identified 10 new personnel
May 18, 2024
Used new vendors
Identified 1 new vendor, including
January 3, 2024
Received grants
Identified 1 new grant, including a grant for $500,000 from Dick and Betsy Devos Family Foundation
Nonprofit Types
Grantmaking organizationsSocial advocacy organizationsSchoolsCharities
Issues
Education
Characteristics
Tax deductible donationsAccepts online donations
General information
Address
633 Pennsylvania Ave NW 5th FL
Washington, DC 20004
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
District of Columbia, DC
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
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0272601
FTB Entity ID
4660455
AB 488 data last updated ("as-of") date
2024-11-20
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