- Revenue 2024
- $6,005,581
- Expenses 2024
- $6,821,861
Program services were 74.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- B82
- Classification
- 1000
- Street
- 633 PENNSYLVANIA AVE NW 5TH FL
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Mission and programs · 2024
Mission
STUDENT FREEDOM INITIATIVE IS DEDICATED TO ENSURING FREEDOM IN PROFESSIONAL AND LIFE CHOICES FOR STUDENTS ATTENDING MINORITY SERVING INSTITUTIONS (MSIS).
Activities or mission (Part I)
THE 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).
-
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.
Expenses $5,090,160 · Grants $965,023 · Revenue $139,919
As filed on the 2024 return.
Officers and directors · 2024
As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
Robert F SmithROBERT F SMITH
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
Henry Louis GatesHENRY LOUIS GATES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael LomaxMICHAEL LOMAX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linda WilsonLINDA WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lawrence P BancroftLAWRENCE P BANCROFT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Keith ShoatesKEITH SHOATES
PRESIDENT/CHIEF EXECUTIVE OFFICER
- Total calculated
- $120,820
- From this org
- $120,820
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Mark BrownMARK BROWN
EXECUTIVE DIRECTOR
- Total calculated
- $158,811
- From this org
- $158,693
- From related orgs
- $0
- Other
- $118
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,693
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $118
- Filer's total
- $158,811
-
Michele McCullomMICHELE MCCULLOM
GENERAL COUNSEL & SECRETARY
- Total calculated
- $231,976
- From this org
- $207,040
- From related orgs
- $0
- Other
- $24,936
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $207,040
- Bonus
- $0
- Other
- $0
- Deferred
- $11,492
- Nontaxable benefits
- $13,444
- Filer's total
- $231,976
-
Yvette ThomasYVETTE THOMAS
DIRECTOR OF CAPACITY BUILDING
- Total calculated
- $209,209
- From this org
- $187,216
- From related orgs
- $0
- Other
- $21,993
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $187,216
- Bonus
- $0
- Other
- $0
- Deferred
- $11,295
- Nontaxable benefits
- $10,698
- Filer's total
- $209,209
-
Barry CynamonBARRY CYNAMON
DIRECTOR OF PROGRAM DESIGN
- Total calculated
- $259,287
- From this org
- $203,780
- From related orgs
- $0
- Other
- $55,507
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $203,780
- Bonus
- $0
- Other
- $0
- Deferred
- $12,780
- Nontaxable benefits
- $42,727
- Filer's total
- $259,287
-
Kenneth LuzzattoKENNETH LUZZATTO
PROJECT MANAGER
- Total calculated
- $187,447
- From this org
- $166,473
- From related orgs
- $0
- Other
- $20,974
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $166,473
- Bonus
- $0
- Other
- $0
- Deferred
- $8,372
- Nontaxable benefits
- $12,602
- Filer's total
- $187,447
-
Ronald CrozierRONALD CROZIER
CHIEF SECURITY OFFICER
- Total calculated
- $229,758
- From this org
- $182,925
- From related orgs
- $0
- Other
- $46,833
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,925
- Bonus
- $0
- Other
- $0
- Deferred
- $11,336
- Nontaxable benefits
- $35,497
- Filer's total
- $229,758
-
Gregg MitchellGREGG MITCHELL
DIRECTOR OF PHILANTHROPY
- Total calculated
- $219,108
- From this org
- $167,411
- From related orgs
- $0
- Other
- $51,697
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,411
- Bonus
- $0
- Other
- $0
- Deferred
- $10,500
- Nontaxable benefits
- $41,197
- Filer's total
- $219,108
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. Earlier years are each on their own filing page.
Filings
-
2024
- Revenue
- $6,005,581
- Expenses
- $6,821,861
- Contributions
- $2,776,205
- Grants paid
- $965,023
-
2023
- Revenue
- $5,904,402
- Expenses
- $10,112,603
- Contributions
- $2,719,528
- Grants paid
- $1,392,824
-
2022
- Revenue
- $19,723,286
- Expenses
- $7,282,206
- Contributions
- $16,652,730
- Grants paid
- $1,251,232
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Other returns filed
-
2021 · 990
- Revenue
- $15,285,825
- Expenses
- $5,195,727
- Assets (EOY)
- $132,770,538
-
2020 · 990
- Revenue
- $75,542,300
- Expenses
- $2,829,869
- Assets (EOY)
- $122,948,895
-
2019 · 990
- Revenue
- $50,060,000
- Expenses
- $5,739
- Assets (EOY)
- $50,054,261
Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.
Grants made
-
STACKWELL CAPITAL
$917,000
2022 PILOT INITIATIVE
-
$150,000
2023 BROADBAND PROGRAM
-
$100,000
2024 BROADBAND PROGRAM
-
$80,030
2023 HELPS PROGRAM
-
ALCORN STATE UNIVERSITY
$70,000
2023 BROADBAND PROGRAM
-
TEXAS SOUTHERN UNIVERSITY
$50,100
2024 HELPS PROGRAM
-
ALBANY STATE UNIVERSITY
$50,000
2023 BROADBAND PROGRAM
-
$50,000
2023 BROADBAND PROGRAM
-
$50,000
2023 BROADBAND PROGRAM
-
$50,000
2023 BROADBAND PROGRAM
The 10 largest by cash amount. The API serves every itemized grant.
Grants received
-
2023 EDUCATION
-
$10,000
2024 GENERAL SUPPORT
Taxable family
From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.
Disregarded entities on its 2024 return
-
STUDENT FREEDOM FUND
FACILITATE THE ADMINISTRATION OF THE STUDENT FREEDOM AGREEMENTS · DC · income $10,227,996 · assets $16,627,765
-
TUITION EZ LLC
TO SUPPORT FUNDRAISING THROUGH CONCERTS · DC · income $4,000,000 · assets $3,841,747
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 13 October 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.