Civic Intelligence

Education Is Freedom Foundation

EIN 04-3643313 • 501(c)3 • Dallas, TX

Profile

Eif is a nonprofit organization dedicated to providing comprehensive college planning services and producing life changing results for students and families.

3000 Pegaus Park Drive STE 704Dallas, TX 75247

www.educationisfreedom.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.24x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

46th percentile

0.13x

Higher debt load relative to revenue than 46% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

66th percentile

13%

Higher net margin than 66% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

94th percentile

75%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

85th percentile

46%

Faster revenue growth than 85% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,785,762

Up $1,197,585 (+75%) from 2022

Liabilities

Up

$659,569

Up $558,931 (+555%) from 2022

Net Assets

Up

$2,126,193

Up $638,654 (+43%) from 2022

Revenue

Up

$5,042,271

Up $1,585,435 (+46%) from 2022

Expenses

Up

$4,372,074

Up $1,097,491 (+34%) from 2022

Net Income

Up

$670,197

Up $487,944 (+268%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,043,250Liabilities 2010: $225,351Net Assets 2010: $2,817,8992010Assets 2011: $2,407,565Liabilities 2011: $227,156Net Assets 2011: $2,180,4092011Assets 2012: $1,294,818Liabilities 2012: $206,554Net Assets 2012: $1,088,2642012Assets 2013: $1,553,760Liabilities 2013: $168,558Net Assets 2013: $1,385,2022013Assets 2014: $1,626,489Liabilities 2014: $154,671Net Assets 2014: $1,471,8182014Assets 2015: $1,331,122Liabilities 2015: $101,320Net Assets 2015: $1,229,8022015Assets 2016: $1,515,715Liabilities 2016: $109,778Net Assets 2016: $1,405,9372016Assets 2017: $1,376,639Liabilities 2017: $125,296Net Assets 2017: $1,251,3432017Assets 2018: $1,008,488Liabilities 2018: $216,189Net Assets 2018: $792,2992018Assets 2019: $1,206,072Liabilities 2019: $135,475Net Assets 2019: $1,070,5972019Assets 2020: $1,478,261Liabilities 2020: $526,633Net Assets 2020: $951,6282020Assets 2021: $1,800,770Liabilities 2021: $495,483Net Assets 2021: $1,305,2872021Assets 2022: $1,588,177Liabilities 2022: $100,638Net Assets 2022: $1,487,5392022Assets 2023: $2,785,762Liabilities 2023: $659,569Net Assets 2023: $2,126,1932023

Highlighted filing

2023

Assets$2,785,762
Liabilities$659,569
Net Assets$2,126,193

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,223,5242010Expenses 2011: $3,226,8902011Revenue 2012: $874,264Expenses 2012: $1,966,409Net Income 2012: -$1,092,1452012Revenue 2013: $3,147,402Expenses 2013: $2,850,464Net Income 2013: $296,9382013Revenue 2014: $2,271,762Expenses 2014: $2,656,775Net Income 2014: -$385,0132014Revenue 2015: $1,773,850Expenses 2015: $2,015,866Net Income 2015: -$242,0162015Revenue 2016: $2,164,675Expenses 2016: $1,916,240Net Income 2016: $248,4352016Revenue 2017: $2,155,742Expenses 2017: $2,376,707Net Income 2017: -$220,9652017Revenue 2018: $2,167,822Expenses 2018: $2,655,365Net Income 2018: -$487,5432018Revenue 2019: $3,051,886Expenses 2019: $2,773,588Net Income 2019: $278,2982019Revenue 2020: $3,104,988Expenses 2020: $3,223,957Net Income 2020: -$118,9692020Revenue 2021: $3,564,034Expenses 2021: $3,021,358Net Income 2021: $542,6762021Revenue 2022: $3,456,836Expenses 2022: $3,274,583Net Income 2022: $182,2532022Revenue 2023: $5,042,271Expenses 2023: $4,372,074Net Income 2023: $670,1972023

Highlighted filing

2023

Revenue$5,042,271
Expenses$4,372,074
Net Income$670,197

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.79$0.66$2.13$5.04$4.37$0.67
2022Detailed filing. Detailed filing data is available for this year.$1.59$0.10$1.49$3.46$3.27$0.18
2021Detailed filing. Detailed filing data is available for this year.$1.80$0.50$1.31$3.56$3.02$0.54
2020Detailed filing. Detailed filing data is available for this year.$1.48$0.53$0.95$3.10$3.22$0.12
2019Detailed filing. Detailed filing data is available for this year.$1.21$0.14$1.07$3.05$2.77$0.28
2018Detailed filing. Detailed filing data is available for this year.$1.01$0.22$0.79$2.17$2.66$0.49
2017Detailed filing. Detailed filing data is available for this year.$1.38$0.13$1.25$2.16$2.38$0.22
2016Detailed filing. Detailed filing data is available for this year.$1.52$0.11$1.41$2.16$1.92$0.25
2015Detailed filing. Detailed filing data is available for this year.$1.33$0.10$1.23$1.77$2.02$0.24
2014Detailed filing. Detailed filing data is available for this year.$1.63$0.15$1.47$2.27$2.66$0.39
2013Summary only. Only limited summary data is available for this year.$1.55$0.17$1.39$3.15$2.85$0.30
2012Summary only. Only limited summary data is available for this year.$1.29$0.21$1.09$0.87$1.97$1.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.41$0.23$2.18$3.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.04$0.23$2.82$4.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Jun 10, 2024
Return Version
2022v5.0
Gross Receipts
$5,042,271
Mission and Program Overview

Mission

Education is Freedom ("EIF") transforms lives through education.

Eif is a nonprofit organization dedicated to providing comprehensive college planning services and producing life changing results for students and families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,135,060$2,167,226▲ $1,032,166
Savings and Temporary Cash Investments$190,987$153,598▼ $37,389
Pledges and Grants Receivable$49,268$59,453▲ $10,185
Accounts Receivable$111,300$55,537▼ $55,763
Investments in Publicly Traded Securities$35,471$38,197▲ $2,726
Land, Buildings, and Equipment, Net$22,129$18,793▼ $3,336
Prepaid Expenses and Deferred Charges-$5,127-
Total Assets$1,588,177$2,785,762▲ $1,197,585
Other Assets Total$43,962$287,831▲ $243,869
Liabilities
Other Liabilities$68,778$294,747▲ $225,969
Accounts Payable and Accrued Expenses$31,860$264,818▲ $232,958
Deferred Revenue-$100,004-
Total Liabilities$100,638$659,569▲ $558,931
Net Assets / Fund Balance
Net Assets With Donor Restrictions$476,821$4,506,196▲ $4,029,375
Net Assets Without Donor Restrictions$1,010,718$-2,380,003▼ $3,390,721
Total Net Assets Fund Balance$1,487,539$2,126,193▲ $638,654
Total Liabilities and Net Assets / Fund Balance$1,588,177$2,785,762▲ $1,197,585

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,217$153,086$157,303
Other Land Buildings$14,576$23,424$38,000
Other Assets Org$283,247--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marcia PagePresident & CEOFT$150,000$45,000$195,000
Walter SmithChief Operating OfficerFT$121,000-$121,000
Shannon PageKey Employee-$121,000-$121,000

Board Members and Trustees

NameTitle
Mark OkadaChairman
Al BruDirector
David BieglerDirector
Drexell OwusuDirector
James KeyesDirector
Matthew RandazzonDirector
Mavis KnightDirector
Patrick BrandtDirector
Royce WestDirector
Sandi KarrmannDirector
Scott BeasleyDirector
Todd WilliamsDirector
Rafael AnchiaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$680,039
Program Service Revenue
$4,361,102
Investment Income
$1,130
Other Revenue
$0
All Other Contributions
$208,896
Change in Net Assets
$670,197

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,042,271
Total Revenue per Audited Statements
$5,042,271
Total Revenue per Form 990
$5,042,271
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,243,576
Other Expenses$1,069,733
Total Fundraising Expense$276,885
Grants and Similar Amounts Paid$58,765
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,287,723$75,456$123,750$2,486,929
Payroll Taxes$348,322$11,359$18,930$378,611
Other Employee Benefits$347,792$11,341$18,903$378,036
All Other Expenses$119,778$24,556$96,263$240,597
Occupancy$192,185$6,267$10,445$208,897
Information Technology-$98,809-$98,809
Other Expenses-$93,557-$93,557
Office Expenses-$71,938-$71,938
Grants to Domestic Individuals$58,765--$58,765
Travel$39,560$18,454$638$58,652
Insurance-$39,898-$39,898
Depreciation Depletion$10,073$540$547$11,160
Advertising--$7,409$7,409
Conferences and Meetings-$1,841-$1,841
Total Functional Expenses$3,404,198$690,991$276,885$4,372,074

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,372,074
Total Expenses per Audited Statements$4,372,074
Total Expenses per Form 990$4,372,074
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease - Long Term$256,363
Operating Lease - Current$38,384
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Committee meeting documentation Part VI line 8B

There are no such committees.

Form 990 governing body review Part VI line 11

Upon completion, a copy of the 990 is provided to both the Organizations Controller as well as the President and CEO. The 990 is then forwarded to the Chairman of the Board of Directors for review and approval prior to filing the return with the Internal Revenue Service.

Conflict of interest policy compliance Part VI line 12C

Annual disclosure statements are not required. However what follows is an excerpt from the Organizations Conflict of Interest Policy:Persons Concerned: This statement is directed not only to Directors and Officers, but to all employees who can influence the actions of EIF. For example, this would include all who make purchasing decisions, all persons who might be described as Management Personnel, and anyone who has proprietary information concerning EIF.Disclossure Policy and Procedure: Transactions with parties with whom a conflicting interest exists may be undertaken only if all of the following are observed:1. The conflicting interest is fully disclosed.2. The person with the conflict of interest is excluded from the discussion and approval of such transaction

CEO executive director top management comp Part VI line 15A

Compensation comparisons are usually completed on an annual basis with salary information provided by the Local Center for Non-Profit Management. Salary reviews are completed for the entire staff and are intended to be aligned with comparable positions in other Local Non-Profit and Government Agencies. The CEOs salary is also reviewed and approved by the Board Chairman.

Form 990 availability to public Part VI line 18

EIF makes available its annual report, Form 990 and Audited Financial Statements on the Organizations Website. The governing documents and conflict of interest policy are available upon request. EIF makes available its annual report, Form 990 and Audited Financials on thee Organization Website. The governing doccuments aand conflict of interest policy are available upon request.

Governing documents etc available to public Part VI line 19

Upon completion, a copy of the 990 is provided to both the Organizations Controller as well as the President and CEO. The 990 is then forwarded to the Chairman of the Board of Directors for review and approval prior to filing the Return with the Internal Revenue Service.

Filing and Contact Details

Filer

Filer Name
Education Is Freedom Foundation
EIN
04-3643313
Address
3000 Pegaus Park Drive STE 704, Dallas, TX 75247

Signing Officer

Name
Susanna Russell
Title
President CEO
Phone
2146930673
Signed
2024-06-10
Discuss with paid preparer
No

Organization Details

Formed
2002
Legal Domicile
TX
Voting Board Members
13
Independent Board Members
13
Employees
134

Preparer

Firm
Emma S Walker CPA
Address
1009 Henderson Street, Fort Worth, TX 76102
Preparer
Emma S Walker
Phone
8173323049
Supplemental Narrative

Additional Explanations

General explanation attachment

Part IV Statements Regarding Other IRS Filings and Tax ComplianceLine 2a Number of Employees Reported 7.31.2023Regular Employees 65Summer Interns 69Total 134 7.31.2022 Regular Employees 55 Summer Interns 89 Total 144

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IRS990/Desc0HIGH SCHOOL PROGRAM: Education is Freedom (EIF) places Higher Education Advisors in traditionally under-served high schools to assist students with college, career, and life readiness skills. EIF advisors are equipped to provide expert knowledge to assist students with post-secondary preparatory activities such as applications for financial aid, college admission, military, and workforce certification. In 2022-2023, EIF had advisors in 32 high schools across Dallas, Garland and Grand Prairie ISDs.
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IRS990/ProgSrvcAccomActy2Grp/Desc0INTERN PROGRAM: Education is Freedom designs and implements the Dallas Works Intern Program (DWP).DWP includes eight-week, paid summer internships which introduces students (16-24) from the city of Dallas public and charter schools to future career opportunities in industries where they have expressed interest. In 2023, Dallas Works provided over 1,400 summer employment opportunities to students (135 leadership development internships and 1,290 summer jobs)
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