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Nonprofiteer
← EDUCATION IS FREEDOM FOUNDATION

Form 990 for tax year 2024

Filed by EDUCATION IS FREEDOM FOUNDATION.

Totals

Total revenue
$10,764,392
Total expenses
$9,401,669
Contributions and grants received
$4,410,968
Grants paid
$129,342
Program service revenue
$6,026,590
Investment income
$76,834
Other revenue
$250,000
Total assets, end of year
$4,079,950
Total liabilities, end of year
$743,908
Net assets or fund balances, end of year
$3,336,042
Program services expenses (Part IX)
$8,649,533
Management and general expenses
$282,048
Fundraising expenses
$470,088
Program service expenses (Part III)
$8,649,533

Program services were 92.0% 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.

  • 1f · All other contributions, gifts and grants

    $4,410,968

  • 1g · Noncash contributions included above

    $345,510

  • 2a · Program service revenue: School Based Service

    total $6,026,590 · related or exempt $6,026,590

  • 3 · Investment income

    total $76,834 · related or exempt $76,834

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Insurance Claim

    total $250,000 · related or exempt $250,000

  • 11e · Other revenue, total

    $250,000

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $129,342 · program services $129,342

  • 7 · Other salaries and wages

    total $6,185,876 · program services $5,691,006 · management and general $185,576 · fundraising $309,294

  • 8 · Pension plan contributions

    total $56,272 · program services $51,770 · management and general $1,688 · fundraising $2,814

  • 9 · Other employee benefits

    total $538,978 · program services $495,860 · management and general $16,169 · fundraising $26,949

  • 10 · Payroll taxes

    total $494,519 · program services $454,957 · management and general $14,836 · fundraising $24,726

  • 12 · Advertising and promotion

    total $88,580 · program services $81,494 · management and general $2,657 · fundraising $4,429

  • 13 · Office expenses

    total $88,050 · program services $81,005 · management and general $2,642 · fundraising $4,403

  • 14 · Information technology

    total $386,892 · program services $355,941 · management and general $11,606 · fundraising $19,345

  • 16 · Occupancy

    total $86,916 · program services $79,963 · management and general $2,607 · fundraising $4,346

  • 17 · Travel

    total $144,180 · program services $132,645 · management and general $4,326 · fundraising $7,209

  • 22 · Depreciation, depletion and amortization

    total $30,560 · program services $28,115 · management and general $917 · fundraising $1,528

  • 23 · Insurance

    total $42,002 · program services $38,642 · management and general $1,260 · fundraising $2,100

  • 24a · Other expenses: Rent - Inkind

    total $345,510 · program services $317,869 · management and general $10,365 · fundraising $17,276

  • 24b · Other expenses: Legal and Professional Fees

    total $594,694 · program services $547,118 · management and general $17,841 · fundraising $29,735

  • 24c · Other expenses: Training

    total $82,876 · program services $76,246 · management and general $2,486 · fundraising $4,144

  • 24e · All other expenses

    total $106,422 · program services $87,560 · management and general $7,072 · fundraising $11,790

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,314,205 · end of year $339,083

  • 2 · Savings and temporary cash investments

    beginning of year $1,442,453 · end of year $2,521,895

  • 3 · Pledges and grants receivable

    beginning of year $80,872 · end of year $542,633

  • 9 · Prepaid expenses and deferred charges

    beginning of year $128,892 · end of year $225,509

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

    $278,586

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

    $128,613

  • 10c · Land, buildings and equipment, net

    beginning of year $128,230 · end of year $149,973

  • 12 · Investments: other securities

    beginning of year $38,211 · end of year $40,770

  • 15 · Other assets

    beginning of year $297,965 · end of year $260,087

  • 17 · Accounts payable and accrued expenses

    beginning of year $202,871 · end of year $373,737

  • 19 · Deferred revenue

    beginning of year $941,433 · end of year $90,917

  • 25 · Other liabilities

    beginning of year $313,205 · end of year $279,254

  • 27 · Net assets without donor restrictions

    beginning of year $1,830,286 · end of year $3,056,514

  • 28 · Net assets with donor restrictions

    beginning of year $143,033 · end of year $279,528

Mission and programs · 2024

Mission

Education is Freedom (EIF) is a 501(c)3 nonprofit organization founded in 2002 by a visionary board of corporate leaders who imagined a world where every young person could pursue a college education. Our mission is to transform lives through education.

  • Education is Freedom (EIF) places Higher Education Advisors in public high schools, where they serve as on-campus experts in postsecondary pathways. These advisors provide individualized support and workshops to help students navigate college admissions, financial aid, military pathways, and workforce preparation, ensuring they are equipped for successful postsecondary transitions. Education is Freedom also provides a middle school career exploration curriculum, the EIF Scholars program, An Evening with the Stars scholarship celebration, and community outreach programs. Our mission is to transform lives through education.

    Expenses $8,520,183

  • In FY2025, EIF awarded over $129,000 in scholarships to 165 seniors from 38 high schools. With EIFs support, over 6,500 seniors enrolled in colleges and universities, providing an opportunity upon graduation for employment at a living wage. In 2025, the median weekly earnings for full-time workers age 25 with a high school diploma was $960, compared to $1,732 for those with a bachelors degree, reflecting an 80% increase.

    Expenses $129,350

As filed on the 2024 return.

Listed in Part VII

  • Susanna Vaulx Russell

    CEO

    Total calculated
    $268,243
    From this org
    $268,243
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,866
    Bonus
    not reported
    Other
    $3,377
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $268,243

  • Walter C Smith

    COO

    Total calculated
    $167,814
    From this org
    $167,814
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,382
    Bonus
    not reported
    Other
    $2,432
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $167,814

  • Shannon Page

    CHIEF PROGRAM OFFICER

    Total calculated
    $158,045
    From this org
    $158,045
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,072
    Bonus
    not reported
    Other
    $973
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $158,045

  • Ronald Ray Merrill

    MANAGING DIRECTOR - PROGR

    Total calculated
    $127,161
    From this org
    $127,161
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Corinne Fiagome

    SR DEVELOPMENT DIRECTOR

    Total calculated
    $53,665
    From this org
    $53,665
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Alejandra Barbosa

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Todd Williams

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jeannie Stone

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Patrick Brandt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Keyes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adam Cox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sandi Karrman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Drexell Owusu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Satya Kumar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Mong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Natalie Williams

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
10 June 2026
IRS schema version
2024v5.2
Source object
202631619349300913

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