Skip to content
Nonprofiteer
← FREEDOM FUND

Form 990 for tax year 2024

Filed by FREEDOM FUND.

Totals

Total revenue
$19,705,081
Total expenses
$22,789,774
Contributions and grants received
$17,853,689
Grants paid
$10,847,966
Program service revenue
$0
Investment income
$1,797,723
Other revenue
$53,669
Total assets, end of year
$37,919,285
Total liabilities, end of year
$1,529,502
Net assets or fund balances, end of year
$36,389,783
Program services expenses (Part IX)
$17,633,536
Management and general expenses
$2,653,987
Fundraising expenses
$2,502,251
Program service expenses (Part III)
$17,633,536

Program services were 77.4% 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)

    $4,434,444

  • 1f · All other contributions, gifts and grants

    $13,419,245

  • 3 · Investment income

    total $1,173,557 · excluded $1,173,557

  • 7a · Gross sales of assets other than inventory

    securities $53,733,706

  • 7b · Less cost or other basis and sales expenses

    securities $53,109,540

  • 7c · Gain or loss

    securities $624,166

  • 7d · Net gain or loss

    total $624,166 · excluded $624,166

  • 11d · All other revenue

    total $53,669 · excluded $53,669

  • 11e · Other revenue, total

    $53,669

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,526,998 · program services $2,526,998

  • 3 · Grants to foreign organizations and individuals

    total $8,320,968 · program services $8,320,968

  • 5 · Compensation of officers, directors and key employees

    total $733,394 · program services $204,349 · management and general $164,356 · fundraising $364,689

  • 7 · Other salaries and wages

    total $4,232,814 · program services $2,207,145 · management and general $866,526 · fundraising $1,159,143

  • 8 · Pension plan contributions

    total $359,115 · program services $168,358 · management and general $76,033 · fundraising $114,724

  • 9 · Other employee benefits

    total $276,282 · program services $157,738 · management and general $31,773 · fundraising $86,771

  • 10 · Payroll taxes

    total $534,308 · program services $269,907 · management and general $106,329 · fundraising $158,072

  • 11a · Fees: management

    total $3,218,170 · program services $3,061,749 · management and general $85,600 · fundraising $70,821

  • 11b · Fees: legal

    total $40,271 · program services $1,429 · management and general $36,918 · fundraising $1,924

  • 11c · Fees: accounting

    total $111,468 · program services $12,590 · management and general $98,878

  • 11f · Fees: investment management

    total $162,349 · management and general $162,349

  • 11g · Fees: other

    total $420,358 · program services $40,838 · management and general $335,360 · fundraising $44,160

  • 12 · Advertising and promotion

    total $152,275 · program services $57,656 · fundraising $94,619

  • 13 · Office expenses

    total $174,282 · program services $23,959 · management and general $124,856 · fundraising $25,467

  • 14 · Information technology

    total $236,883 · program services $12,341 · management and general $114,202 · fundraising $110,340

  • 16 · Occupancy

    total $256,976 · program services $20,656 · management and general $235,889 · fundraising $431

  • 17 · Travel

    total $601,702 · program services $366,386 · management and general $34,312 · fundraising $201,004

  • 19 · Conferences, conventions and meetings

    total $211,434 · program services $142,772 · management and general $7,262 · fundraising $61,400

  • 22 · Depreciation, depletion and amortization

    total $89,500 · management and general $89,500

  • 23 · Insurance

    total $67,496 · program services $1,720 · management and general $65,776

  • 24a · Other expenses: MEMBERSHIPS

    total $28,421 · program services $1,667 · management and general $18,068 · fundraising $8,686

  • 24e · All other expenses

    total $34,310 · program services $34,310

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,774,806 · end of year $3,587,795

  • 2 · Savings and temporary cash investments

    beginning of year $2,084,422 · end of year $2,155,261

  • 3 · Pledges and grants receivable

    beginning of year $1,226,448 · end of year $1,392,079

  • 4 · Accounts receivable

    beginning of year $215,913 · end of year $162,787

  • 9 · Prepaid expenses and deferred charges

    beginning of year $103,459 · end of year $57,884

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

    $149,672

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

    $104,342

  • 10c · Land, buildings and equipment, net

    beginning of year $52,275 · end of year $45,330

  • 11 · Investments: publicly traded securities

    beginning of year $25,130,458 · end of year $21,544,464

  • 12 · Investments: other securities

    beginning of year $5,978,264 · end of year $7,115,331

  • 15 · Other assets

    beginning of year $1,331,948 · end of year $1,858,354

  • 17 · Accounts payable and accrued expenses

    beginning of year $668,564 · end of year $730,863

  • 18 · Grants payable

    beginning of year $0 · end of year $59,100

  • 25 · Other liabilities

    beginning of year $775,347 · end of year $739,539

  • 27 · Net assets without donor restrictions

    beginning of year $36,916,728 · end of year $34,389,203

  • 28 · Net assets with donor restrictions

    beginning of year $2,537,354 · end of year $2,000,580

Mission and programs · 2024

Mission

WE IDENTIFY AND INVEST IN THE MOST EFFECTIVE FRONTLINE EFFORTS TO ERADICATE MODERN SLAVERY IN THE COUNTRIES AND SECTORS WHERE IT IS MOST PREVALENT. PARTNERING WITH VISIONARY INVESTORS, GOVERNMENTS, ANTI-SLAVERY ORGANIZATIONS AND THOSE AT RISK OF EXPLOITATION, WE TACKLE THE SYSTEMS THAT ALLOW SLAVERY TO PERSIST AND THRIVE. WORKING TOGETHER, WE PROTECT VULNERABLE POPULATIONS, LIBERATE AND REINTEGRATE THOSE ENSLAVED AND PROSECUTE THOSE RESPONSIBLE.

Activities or mission (Part I)

SEE SCHEDULE O.

  • HOTSPOTS PROJECTS: THE FREEDOM FUND HAS SELECTED KEY GEOGRAPHIC AREAS KNOWN TO HAVE A HIGH INCIDENCE OF MODERN SLAVERY, WHERE OUR INTERVENTIONS ARE MOST LIKELY TO RESULT IN A MEASURABLE REDUCTION IN SLAVERY. IN OUR HOTSPOT PROJECTS, WE INVEST IN A RANGE OF COMMUNITY-BASED ORGANIZATIONS TO ENABLE THEM TO PROTECT THOSE AT RISK OF SLAVERY, RESCUE AND REHABILITATE THOSE ENSLAVED, AND PROSECUTE THOSE RESPONSIBLE. THESE HOTSPOT PROJECTS ENCOURAGE COOPERATION BETWEEN LOCAL GRASSROOTS ORGANIZATIONS AND ENSURE AN INTEGRATED, CROSS-DISCIPLINARY APPROACH.

    Expenses $11,149,470 · Grants $7,443,338

  • MOVEMENT BUILDING: ORGANIZATIONS AROUND THE WORLD ARE DOING EXCEPTIONAL WORK TO ERADICATE SLAVERY BUT, TOO OFTEN, THESE EFFORTS ARE FRAGMENTED AND UNDERFUNDED. WE AIM TO BUILD A GLOBAL COMMUNITY OF ACTIVISTS, EXPERTS AND DONORS BY PROVIDING THE PLATFORM, KNOWLEDGE, AND TOOLS FOR THEM TO CONNECT AND WORK TOGETHER MORE EFFECTIVELY OVER A SUSTAINED PERIOD. WE USE OUR GLOBAL LEADERSHIP ROLE, AND THE CREDIBILITY CONFERRED BY THE BACKING OF OUR FOUNDERS, TO BRING ACTORS TOGETHER AND ENCOURAGE GREATER COLLABORATION AND COORDINATION.

    Expenses $3,376,854 · Grants $1,872,666

  • GLOBAL INITIATIVES: OUR SECTOR INITIATIVES COORDINATE ACTORS AND RESOURCES AROUND A SLAVERY-SPECIFIC ISSUE, INCLUDING SECTORS, INDUSTRIES, OR CIRCUMSTANCES. THIS ALLOWS THE FREEDOM FUND TO TACKLE SYSTEMIC ISSUES LIKE SLAVERY IN FISHING OR CROSS-BORDER MIGRATION WITH NEW TECHNOLOGICAL TOOLS OR LEGAL INITIATIVES. IT FACILITATES A COLLABORATIVE APPROACH AND GREATER COMBINED IMPACT. THE FREEDOM FUND PROVIDES A CHANNEL THROUGH WHICH THOSE WITH FUNDS, KNOWLEDGE, OR INFLUENCE CAN IMPACT INTERNATIONAL ORGANIZATIONS, GOVERNMENTS, MEDIA AND THE CORPORATE SECTOR TO SPEED ACTION.

    Expenses $2,036,705 · Grants $1,306,356

  • QUALITY AND LEARNING

    Expenses $1,070,507 · Grants $225,606

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Molly Gochman

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Shruti Chandrasekhar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Natasha Dolby

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Michelle Yue

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Andre Doust

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Mahendra Pandey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Katharine Bryant

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Nicholas Grono

    CEO/PRESIDENT

    Total calculated
    $350,201
    From this org
    $272,475
    From related orgs
    $0
    Other
    $77,726
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,731
    Bonus
    $58,744
    Other
    $0
    Deferred
    $64,323
    Nontaxable benefits
    $13,403
    Filer's total
    $350,201

  • Zoe Marshall

    DIR. OF FINANCE/SECRETARY

    Total calculated
    $149,399
    From this org
    $135,806
    From related orgs
    $0
    Other
    $13,593
    Hours/week
    40

  • Amy Rahe

    MANAGING DIRECTOR OF NORTH AMERICA

    Total calculated
    $233,824
    From this org
    $202,358
    From related orgs
    $0
    Other
    $31,466
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,358
    Bonus
    $0
    Other
    $0
    Deferred
    $10,738
    Nontaxable benefits
    $20,728
    Filer's total
    $233,824

  • Dan Vexler

    MANAGING DIRECTOR OF PROGRAMS

    Total calculated
    $152,958
    From this org
    $139,011
    From related orgs
    $0
    Other
    $13,947
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,011
    Bonus
    $0
    Other
    $0
    Deferred
    $13,947
    Nontaxable benefits
    $0
    Filer's total
    $152,958

  • Erin Phelps

    SENIOR ADVISER TO THE CEO

    Total calculated
    $151,349
    From this org
    $126,047
    From related orgs
    $0
    Other
    $25,302
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,047
    Bonus
    $0
    Other
    $0
    Deferred
    $5,974
    Nontaxable benefits
    $19,328
    Filer's total
    $151,349

  • Havovi Wadia

    DIRECTOR OF PROGRAMS

    Total calculated
    $128,634
    From this org
    $116,927
    From related orgs
    $0
    Other
    $11,707
    Hours/week
    40

  • Yuki Lo

    HEAD OF RESEARCH AND EVALUATION

    Total calculated
    $118,289
    From this org
    $107,697
    From related orgs
    $0
    Other
    $10,592
    Hours/week
    40

  • Danielle Stouck

    SENIOR STRATEGIC PARTNERSHIPS MANAGER

    Total calculated
    $157,210
    From this org
    $106,762
    From related orgs
    $0
    Other
    $50,448
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,762
    Bonus
    $0
    Other
    $0
    Deferred
    $5,363
    Nontaxable benefits
    $45,085
    Filer's total
    $157,210

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 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

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.

  • THE FREEDOM FUND UK

    501(C)(3) · ANTI-SLAVERY SERVICES · UK · controlled entity

    Directly controlled by THE FREEDOM FUND

  • THE FREEDOM FUND ETHIOPIA

    501(C)(3) · ANTI-SLAVERY SERVICES · UK · controlled entity

    Directly controlled by THE FREEDOM FUND

  • THE FREEDOM FUND BRAZIL

    501(C)(3) · ANTI-SLAVERY SERVICES · UK · controlled entity

    Directly controlled by THE FREEDOM FUND

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202523109349302052

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.