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Nonprofiteer
← EDUCATION FREEDOM ALABAMA

Form 990 for tax year 2023

Filed by EDUCATION FREEDOM ALABAMA.

Totals

Total revenue
$8,947,277
Total expenses
$5,434,493
Contributions and grants received
$8,603,038
Grants paid
$4,977,288
Program service revenue
$0
Investment income
$344,239
Other revenue
$0
Total assets, end of year
$10,059,609
Total liabilities, end of year
$4,413
Net assets or fund balances, end of year
$10,055,196
Program services expenses (Part IX)
$5,245,516
Management and general expenses
$127,708
Fundraising expenses
$61,269
Program service expenses (Part III)
$5,245,516

Program services were 96.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,477,069

  • 1f · All other contributions, gifts and grants

    $7,125,969

  • 3 · Investment income

    total $344,239 · excluded $344,239

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,977,288 · program services $4,977,288

  • 5 · Compensation of officers, directors and key employees

    total $141,532 · program services $56,613 · management and general $28,306 · fundraising $56,613

  • 7 · Other salaries and wages

    total $110,059 · program services $88,047 · management and general $22,012

  • 8 · Pension plan contributions

    total $2,558 · program services $2,046 · management and general $512

  • 9 · Other employee benefits

    total $8,880 · program services $7,104 · management and general $1,776

  • 10 · Payroll taxes

    total $18,392 · program services $10,575 · management and general $3,678 · fundraising $4,139

  • 11b · Fees: legal

    total $5,000 · management and general $5,000

  • 11c · Fees: accounting

    total $34,721 · management and general $34,721

  • 11g · Fees: other

    total $9,298 · program services $9,298

  • 12 · Advertising and promotion

    total $2,023 · program services $2,023

  • 13 · Office expenses

    total $10,486 · management and general $10,486

  • 14 · Information technology

    total $13,187 · management and general $13,187

  • 16 · Occupancy

    total $6,401 · management and general $6,401

  • 17 · Travel

    total $12,120 · program services $12,120

  • 20 · Interest

    total $55 · management and general $55

  • 22 · Depreciation, depletion and amortization

    total $51,668 · program services $50,634 · management and general $517 · fundraising $517

  • 23 · Insurance

    total $2,060 · program services $2,060

  • 24a · Other expenses: STATE TESTING FEES

    total $23,095 · program services $23,095

  • 24b · Other expenses: REFUNDS

    total $4,613 · program services $4,613

  • 24c · Other expenses: PROCESSING FEES

    total $1,057 · management and general $1,057

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,468,744 · end of year $401,160

  • 2 · Savings and temporary cash investments

    beginning of year $3,945,577 · end of year $9,607,698

  • 3 · Pledges and grants receivable

    beginning of year $5,400 · end of year $4,850

  • 10a · Land, buildings and equipment: cost or other basis

    $264,167

  • 10b · Land, buildings and equipment: accumulated depreciation

    $227,591

  • 10c · Land, buildings and equipment, net

    beginning of year $88,244 · end of year $36,576

  • 15 · Other assets

    beginning of year $37,043 · end of year $9,325

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,596 · end of year $3,913

  • 25 · Other liabilities

    end of year $500

  • 27 · Net assets without donor restrictions

    beginning of year $300,778 · end of year $5,747,683

  • 28 · Net assets with donor restrictions

    beginning of year $6,241,634 · end of year $4,307,513

Mission and programs · 2023

Mission

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.

  • 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 8 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.

    Expenses $4,521,869 · Grants $4,271,109

  • 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.

    Expenses $723,647 · Grants $706,179

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrew Ryan

    EXECUTIVE DI

    Total calculated
    $138,893
    From this org
    $132,000
    From related orgs
    $0
    Other
    $6,893
    Hours/week
    40

  • Julie Benz

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rev Hk Matthews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lesley Searcy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ALABAMA OPPORTUNITY SCHOLARSHIP FUN

    SCHOLARSHI · AL · income $8,222,413 · assets $9,393,496

    Directly controlled by EDUCATION

  • C2 OPPORTUNITY SCHOLARSHIPS LLC

    SCHOLARSHI · AL · income $854,699 · assets $514,410

    Directly controlled by EDUCATION

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202541339349304074

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