Civic Intelligence

The Foundation for Research on Equal Opportunity

990 • Fiscal year 2023 • EIN 81-2699310

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

Organization ProfileFREOPP.ORG
201 West 5th St 1100Austin, TX 78701

(512) 840-1491

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

67th percentile

0.20x

Higher debt load relative to assets than 67% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

54th percentile

0.11x

Higher debt load relative to revenue than 54% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

72nd percentile

18%

Higher net margin than 72% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

95th percentile

$303,128

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

94th percentile

94%

Faster asset growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

86th percentile

59%

Faster revenue growth than 86% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$1,772,889

Up $860,530 (+94%) from 2022

Net Assets

Up

$1,420,258

Up $585,728 (+70%) from 2022

Liabilities

Up

$352,631

Up $274,802 (+353%) from 2022

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin72nd percentile

Revenue

Up

$3,248,169

Up $1,209,899 (+59%) from 2022

Expenses

Up

$2,662,441

Up $896,990 (+51%) from 2022

Net Income

Up

$585,728

Up $312,909 (+115%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2023

Assets$1,772,889
Liabilities$352,631
Net Assets$1,420,258
Open 2023 Filing

Operations Trend

Revenue Growth86th percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$3,248,169
Expenses$2,662,441
Net Income$585,728
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.1
Gross Receipts
$3,248,169
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 conducts original research on (cont. On sch o) 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, technological innovation, and pluralism 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$1,126,403-
Intangible Assets-$309,775-
Cash and Non-Interest-Bearing Accounts$875,211$303,329▼ $571,882
Prepaid Expenses and Deferred Charges$31,815$29,362▼ $2,453
Land, Buildings, and Equipment, Net$5,333$4,020▼ $1,313
Total Assets$912,359$1,772,889▲ $860,530
Liabilities
Unsecured Notes Loans Payable-$314,287-
Accounts Payable and Accrued Expenses$77,829$38,344▼ $39,485
Total Liabilities$77,829$352,631▲ $274,802
Net Assets / Fund Balance
Net Assets With Donor Restrictions$724,220$1,453,517▲ $729,297
Net Assets Without Donor Restrictions$110,310$-33,259▼ $143,569
Total Net Assets Fund Balance$834,530$1,420,258▲ $585,728
Total Liabilities and Net Assets / Fund Balance$912,359$1,772,889▲ $860,530

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,020$3,214-
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Avik RoyPresident / Board MemberFT$289,000$14,128$303,128
Preston CooperResident FellowFT$176,000$5,181$181,181

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
$3,243,505
Program Service Revenue
$0
Investment Income
$83
Other Revenue
$4,581
All Other Contributions
$3,243,505
Change in Net Assets
$585,728

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,248,169
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,248,169
Total Revenue per Form 990
$3,248,169
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,639,155
Salaries, Compensation, and Employee Benefits$1,023,286
Total Fundraising Expense$229,117
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$488,548$30,875$71,577$591,000
Fees for Services Other$438,475$49,280$15,394$503,149
Other Salaries and Wages$248,558$15,708$36,416$300,682
Conferences and Meetings$285,940$141$4,193$290,274
Travel$180,642$1,624$15,885$198,151
Information Technology$114,967$52,409-$167,376
Occupancy-$139,481-$139,481
Advertising$103,838$6,965-$110,803
Other Employee Benefits$61,731$3,840$8,736$74,307
Payroll Taxes$47,470$3,088$6,739$57,297
Fees for Services Legal$23,773--$23,773
Fees for Services Accounting-$16,696-$16,696
Office Expenses$1,776$11,754$865$14,395
Insurance-$3,351-$3,351
Other Expenses$0$1,933$0$1,933
Depreciation Depletion-$1,313-$1,313
All Other Expenses$4$386$458$848
Total Functional Expenses$2,059,840$373,484$229,117$2,662,441

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,662,441
Total Expenses per Audited Statements$2,662,441
Total Expenses per Form 990$2,662,441
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
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
Avik Roy
Title
President
Phone
5128401491
Signed
2024-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Avik Roy
Formed
2016
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0
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 438,475. Management and general expenses 32,751. Fundraising expenses 15,394. Total expenses 486,620. Payroll company expenses: program service expenses 0. Management and general expenses 7,029. Fundraising expenses 0. Total expenses 7,029. Outside services: program service expenses 0. Management and general expenses 9,500. Fundraising expenses 0. Total expenses 9,500.”

Raw XML AppendixShowing 400 of 513 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/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt134468
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2172
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31933
IRS990/OtherExpensesGrp/ProgramServicesAmt046000
IRS990/OtherExpensesGrp/ProgramServicesAmt18653
IRS990/OtherExpensesGrp/ProgramServicesAmt29465
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt0112697
IRS990/OtherExpensesGrp/TotalAmt145278
IRS990/OtherExpensesGrp/TotalAmt29637
IRS990/OtherExpensesGrp/TotalAmt31933
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04581
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04581
IRS990/OtherRevenueTotalAmt04581
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt036416
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt015708
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0248558
IRS990/OtherSalariesAndWagesGrp/TotalAmt0300682
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt06739
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03088
IRS990/PayrollTaxesGrp/ProgramServicesAmt047470
IRS990/PayrollTaxesGrp/TotalAmt057297
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031815
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029362
IRS990/PrincipalOfficerNm0AVIK ROY
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/ExpenseAmt0257417
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/ExpenseAmt0280245
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01180716
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02279602
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt013870
IRS990/PYOtherExpensesAmt0952600
IRS990/PYOtherRevenueAmt0-255202
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0272819
IRS990/PYSalariesCompEmpBnftPaidAmt0812851
IRS990/PYTotalExpensesAmt01765451
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02038270
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0585728
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03243505
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02279602
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01468281
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0987673
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0827231
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08806292
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt083
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt013870
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt011802
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt025755
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04581
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0-249619
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0-245038
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.72570
IRS990ScheduleA/PublicSupportPY170Pct00.64280
IRS990ScheduleA/PublicSupportTotal170Amt06231660
IRS990ScheduleA/SubstantialContributorsTotAmt02574632
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03243505
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02279602
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01468281
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0987673
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0827231
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08806292
IRS990ScheduleA/TotalSupportAmt08587009
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
IRS990ScheduleD/EquipmentGrp/BookValueAmt04020
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03214
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt07234
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02662441
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03248169
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04020
IRS990ScheduleD/TotalExpensesPerForm990Amt02662441
IRS990ScheduleD/TotalRevenuePerForm990Amt03248169
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03248169
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02662441
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0289000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1176000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt15181
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt014128
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0AVIK ROY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1PRESTON COOPER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT / BOARD MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1RESIDENT FELLOW
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0303128
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1181181
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
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 438,475. MANAGEMENT AND GENERAL EXPENSES 32,751. FUNDRAISING EXPENSES 15,394. TOTAL EXPENSES 486,620. PAYROLL COMPANY EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,029. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,029. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 9,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,500.
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AL
IRS990/StatesWhereCopyOfReturnIsFldCd1AK
IRS990/StatesWhereCopyOfReturnIsFldCd2AR
IRS990/StatesWhereCopyOfReturnIsFldCd3CA
IRS990/StatesWhereCopyOfReturnIsFldCd4CO
IRS990/StatesWhereCopyOfReturnIsFldCd5FL
IRS990/StatesWhereCopyOfReturnIsFldCd6GA
IRS990/StatesWhereCopyOfReturnIsFldCd7HI
IRS990/StatesWhereCopyOfReturnIsFldCd8IL

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,772,889
Liabilities
$352,631
Net assets
$1,420,258
Revenue
$3,248,169
Expenses
$2,662,441
Net income
$585,728
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.00$0.85$3.08$2.55$0.53
2023Detailed filing. Detailed filing data is available for this year.$1.77$0.35$1.42$3.25$2.66$0.59
2022Detailed filing. Detailed filing data is available for this year.$0.91$0.08$0.83$2.04$1.77$0.27
2021Detailed filing. Detailed filing data is available for this year.$0.62$0.06$0.56$1.48$1.11$0.37
2020Detailed filing. Detailed filing data is available for this year.$0.23$0.04$0.19$0.99$0.95$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.16$0.01$0.15$0.83$0.83$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.23$0.08$0.16$0.39$0.72$0.33
2017Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.48$0.74$0.38$0.36
2016Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.18$0.05$0.12