Civic Intelligence

The Foundation for Research on Equal Opportunity

EIN 81-2699310 • 501(c)3 • Austin, TX

Profile

The foundation for research on equal opportunity seeks to expand economic opportunity to those who least have it, using the tools of individual liberty, free enterprise, technological innovation, and pluralism. Freopp deploys the nation's leading public policy scholars to serve the mission. All research conducted by freopp considers the impact of public policies and proposed reforms on those with incomes or wealth below the u.s. Median.

201 West 5th St 1100Austin, TX 78701

freopp.org

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

70th percentile

17%

Higher net margin than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

3rd percentile

-52%

Faster asset growth than 3% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

27th percentile

-5.2%

Faster revenue growth than 27% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$854,952

Down $917,937 (-52%) from 2023

Liabilities

Down

$0

Down $352,631 (-100%) from 2023

Net Assets

Down

$854,952

Down $565,306 (-40%) from 2023

Revenue

Down

$3,078,799

Down $169,370 (-5.2%) from 2023

Expenses

Down

$2,550,142

Down $112,299 (-4.2%) from 2023

Net Income

Down

$528,657

Down $57,071 (-9.7%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2016: $122,820Liabilities 2016: $0Net Assets 2016: $122,8202016Assets 2017: $487,396Liabilities 2017: $3,891Net Assets 2017: $483,5052017Assets 2018: $232,549Liabilities 2018: $76,769Net Assets 2018: $155,7802018Assets 2019: $158,479Liabilities 2019: $8,292Net Assets 2019: $150,1872019Assets 2020: $226,391Liabilities 2020: $35,468Net Assets 2020: $190,9232020Assets 2021: $624,869Liabilities 2021: $63,158Net Assets 2021: $561,7112021Assets 2022: $912,359Liabilities 2022: $77,829Net Assets 2022: $834,5302022Assets 2023: $1,772,889Liabilities 2023: $352,631Net Assets 2023: $1,420,2582023Assets 2024: $854,952Liabilities 2024: $0Net Assets 2024: $854,9522024

Highlighted filing

2024

Assets$854,952
Liabilities$0
Net Assets$854,952

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $175,000Expenses 2016: $52,180Net Income 2016: $122,8202016Revenue 2017: $743,010Expenses 2017: $382,325Net Income 2017: $360,6852017Revenue 2018: $388,644Expenses 2018: $716,369Net Income 2018: -$327,7252018Revenue 2019: $827,231Expenses 2019: $832,824Net Income 2019: -$5,5932019Revenue 2020: $987,673Expenses 2020: $946,938Net Income 2020: $40,7352020Revenue 2021: $1,480,083Expenses 2021: $1,109,295Net Income 2021: $370,7882021Revenue 2022: $2,038,270Expenses 2022: $1,765,451Net Income 2022: $272,8192022Revenue 2023: $3,248,169Expenses 2023: $2,662,441Net Income 2023: $585,7282023Revenue 2024: $3,078,799Expenses 2024: $2,550,142Net Income 2024: $528,6572024

Highlighted filing

2024

Revenue$3,078,799
Expenses$2,550,142
Net Income$528,657

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 7, 2025
Return Version
2024v5.2
Gross Receipts
$3,078,799
Mission and Program Overview

Mission

The foundation for research on equal opportunity conducts original research on expanding economic opportunity to those who least have it. Freopp is committed to deploying the nation's leading scholars and the tools of individual liberty, free enterprise, and (cont. On sch o) technological innovation to serve this mission. All research conducted by freopp considers the impact of public policies and proposed reforms on those with incomes or wealth below the u.s. Median.

The foundation for research on equal opportunity seeks to expand economic opportunity to those who least have it, using the tools of individual liberty, free enterprise, technological innovation, and pluralism. Freopp deploys the nation's leading public policy scholars to serve the mission. All research conducted by freopp considers the impact of public policies and proposed reforms on those with incomes or wealth below the u.s. Median.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,126,403--
Cash and Non-Interest-Bearing Accounts$303,329$832,566▲ $529,237
Intangible Assets$309,775--
Prepaid Expenses and Deferred Charges$29,362$19,679▼ $9,683
Land, Buildings, and Equipment, Net$4,020$2,707▼ $1,313
Total Assets$1,772,889$854,952▼ $917,937
Liabilities
Unsecured Notes Loans Payable$314,287--
Accounts Payable and Accrued Expenses$38,344--
Total Liabilities$352,631$0▼ $352,631
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,453,517$837,422▼ $616,095
Net Assets Without Donor Restrictions$-33,259$17,530▲ $50,789
Total Net Assets Fund Balance$1,420,258$854,952▼ $565,306
Total Liabilities and Net Assets / Fund Balance$1,772,889$854,952▼ $917,937

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,707$4,527-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Avik RoyPresident / Board MemberFT$287,536$10,986$298,522
Rebecca AtwoodVice PresidentFT$103,377$5,419$108,796

Board Members and Trustees

NameTitle
Jonathan BushChairman of the Board
Ames BrownBoard Member
Frank LaukienBoard Member
Lanhee ChenBoard Member
Michael MiltenbergerBoard Member
Vivek RamaswamyBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$2,815,370
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$263,428
All Other Contributions
$2,815,370
Change in Net Assets
$528,657

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,078,799
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,078,799
Total Revenue per Form 990
$3,078,799
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,691,259
Salaries, Compensation, and Employee Benefits$858,883
Total Fundraising Expense$142,735
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$514,592$59,142$10,841$584,575
Current Officers, Directors, Trustees, and Key Employees$348,447$19,241$23,225$390,913
Other Salaries and Wages$301,051$16,624$20,066$337,741
Conferences and Meetings$279,121$182-$279,303
Occupancy$22,217$161,101-$183,318
Travel$117,932$1,715$407$120,054
Information Technology$80,120$24,259-$104,379
Other Employee Benefits$24,483$51,762$1,844$78,089
Payroll Taxes$46,587$2,807$2,746$52,140
Fees for Services Accounting-$36,015-$36,015
Advertising$18,500$500-$19,000
Insurance-$6,068-$6,068
Fees for Services Legal-$4,984-$4,984
Office Expenses$839$2,759$774$4,372
Other Expenses$0$1,945$735$1,945
Depreciation Depletion-$1,313-$1,313
All Other Expenses-$47-$47
Total Functional Expenses$1,979,340$428,067$142,735$2,550,142

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,550,142
Total Expenses per Audited Statements$2,550,142
Total Expenses per Form 990$2,550,142
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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

Section 527 Organizations

OrganizationLocationAmount
41-0571403Nashville, TN$10,000
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The organization provides a copy of the 990 to all board members, and only submits after approval by the board.

Form 990, Part VI, Section B, Line 12C

In accordance with the terms of our conflict of interest policy, members of the board of directors review and sign an annual statement regarding conflicts of interest policy.

Form 990, Part VI, Section B, Line 15

A compensation committee of the board of directors, consisting entirely of independent directors, reviews executive compensation at similar organizations. It uses these submittals as a basis for determining executive compensation. The compensation committee as well as the full board of directors approves executive employment agreements as appropriate.

Form 990, Part VI, Section C, Line 19

Governing documents including current bylaws, conflict of interest disclosures, whistleblower protection policy, executive compensation review, and document retention policy are available on our website, freopp.org and additionally, upon request.

Filing and Contact Details

Filer

Filer Name
The Foundation for Research on Equal
EIN
81-2699310
Phone
5128401491
Address
201 WEST 5TH ST 1100, AUSTIN, TX 78701

Signing Officer

Name
Akash Chougule
Title
President
Phone
5128401491
Signed
2025-08-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Akash Chougule
Formed
2016
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
5
Volunteers
0

Preparer

Firm
D K Weiss Holt & Associates Pllc
Address
4660 N BRETON COURT SUITE 102, KENTWOOD, MI 49508
Preparer
Dennis K Weiss CPA
Phone
6168711233
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants & service providers: program service expenses 514,592. Management and general expenses 50,439. Fundraising expenses 10,841. Total expenses 575,872. Payroll company expenses: program service expenses 0. Management and general expenses 7,203. Fundraising expenses 0. Total expenses 7,203. Outside services: program service expenses 0. Management and general expenses 1,500. Fundraising expenses 0. Total expenses 1,500.

FORM 990, PART XI, LINE 9:

3115 adjustment due to accounting method change -1,093,963.

Raw XML AppendixShowing 400 of 507 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/TotalAmt151141
IRS990/OtherExpensesGrp/TotalAmt25425
IRS990/OtherExpensesGrp/TotalAmt31945
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0263428
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0263428
IRS990/OtherRevenueTotalAmt0263428
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt020066
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt016624
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0301051
IRS990/OtherSalariesAndWagesGrp/TotalAmt0337741
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02746
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02807
IRS990/PayrollTaxesGrp/ProgramServicesAmt046587
IRS990/PayrollTaxesGrp/TotalAmt052140
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029362
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019679
IRS990/PrincipalOfficerNm0AKASH CHOUGULE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNICATIONS OUTREACH: THROUGH OUR COMMUNICATION AND OUTREACH EFFORTS, WE EFFECTIVELY DISSEMINATE OUR RESEARCH FINDINGS, INSIGHTS, AND RECOMMENDATIONS TO VARIOUS STAKEHOLDERS AND THE BROADER PUBLIC.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0432388
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0275000
IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATION: FREOPP CONDUCTS ORIGINAL RESEARCH IN BOTH THE HIGHER EDUCATION SPACE, AND IN THE K-12 SPACE. OUR K-12 PROGRAM IS FOCUSED ON INCREASING PARENTS AND STUDENTS' SOVEREIGNTY OVER THEIR CHILDREN'S EDUCATION. OUR HIGHER EDUCATION RESEARCH PROGRAM IS FOCUSED ON MEASURING THE RETURN ON INVESTMENT (ROI) OF COLLEGE DEGREES, AND ENSURING THAT INSTITUTIONS ARE ACCOUNTABLE FOR THE ECONOMIC OUTCOMES OF THE STUDENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0217593
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0498925
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01056399
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03243505
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt083
IRS990/PYOtherExpensesAmt01639155
IRS990/PYOtherRevenueAmt04581
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0585728
IRS990/PYSalariesCompEmpBnftPaidAmt01023286
IRS990/PYTotalExpensesAmt02662441
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03248169
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0528657
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01111000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02812439
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03243505
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02279602
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01468281
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0987673
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010791500
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt083
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt013870
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt011802
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt025756
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0263428
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt04581
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0-249619
IRS990ScheduleA/OtherIncome170Grp/TotalAmt018390
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.74700
IRS990ScheduleA/PublicSupportPY170Pct00.72570
IRS990ScheduleA/PublicSupportTotal170Amt08094714
IRS990ScheduleA/SubstantialContributorsTotAmt02696786
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02812439
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03243505
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02279602
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01468281
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0987673
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010791500
IRS990ScheduleA/TotalSupportAmt010835646
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0410571403
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0HONEYCUTT STRATEGIES LLC
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt010000
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt0305 KENT ROAD
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0NASHVILLE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd037214
IRS990ScheduleD/EquipmentGrp/BookValueAmt02707
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04527
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt07234
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02550142
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03078799
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02707
IRS990ScheduleD/TotalExpensesPerForm990Amt02550142
IRS990ScheduleD/TotalRevenuePerForm990Amt03078799
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03078799
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02550142
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt010986
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0AVIK ROY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT / BOARD MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0298522
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES A COPY OF THE 990 TO ALL BOARD MEMBERS, AND ONLY SUBMITS AFTER APPROVAL BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN ACCORDANCE WITH THE TERMS OF OUR CONFLICT OF INTEREST POLICY, MEMBERS OF THE BOARD OF DIRECTORS REVIEW AND SIGN AN ANNUAL STATEMENT REGARDING CONFLICTS OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, CONSISTING ENTIRELY OF INDEPENDENT DIRECTORS, REVIEWS EXECUTIVE COMPENSATION AT SIMILAR ORGANIZATIONS. IT USES THESE SUBMITTALS AS A BASIS FOR DETERMINING EXECUTIVE COMPENSATION. THE COMPENSATION COMMITTEE AS WELL AS THE FULL BOARD OF DIRECTORS APPROVES EXECUTIVE EMPLOYMENT AGREEMENTS AS APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS INCLUDING CURRENT BYLAWS, CONFLICT OF INTEREST DISCLOSURES, WHISTLEBLOWER PROTECTION POLICY, EXECUTIVE COMPENSATION REVIEW, AND DOCUMENT RETENTION POLICY ARE AVAILABLE ON OUR WEBSITE, FREOPP.ORG AND ADDITIONALLY, UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTANTS & SERVICE PROVIDERS: PROGRAM SERVICE EXPENSES 514,592. MANAGEMENT AND GENERAL EXPENSES 50,439. FUNDRAISING EXPENSES 10,841. TOTAL EXPENSES 575,872. PAYROLL COMPANY EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,203. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,203. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt53115 ADJUSTMENT DUE TO ACCOUNTING METHOD CHANGE -1,093,963.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AL
IRS990/StatesWhereCopyOfReturnIsFldCd1AK
IRS990/StatesWhereCopyOfReturnIsFldCd2AR
IRS990/StatesWhereCopyOfReturnIsFldCd3CA
IRS990/StatesWhereCopyOfReturnIsFldCd4CO
IRS990/StatesWhereCopyOfReturnIsFldCd5FL
IRS990/StatesWhereCopyOfReturnIsFldCd6GA
IRS990/StatesWhereCopyOfReturnIsFldCd7HI
IRS990/StatesWhereCopyOfReturnIsFldCd8IL
IRS990/StatesWhereCopyOfReturnIsFldCd9KS
IRS990/StatesWhereCopyOfReturnIsFldCd10KY
IRS990/StatesWhereCopyOfReturnIsFldCd11ME
IRS990/StatesWhereCopyOfReturnIsFldCd12LA
IRS990/StatesWhereCopyOfReturnIsFldCd13MD
IRS990/StatesWhereCopyOfReturnIsFldCd14MA

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