NonprofitsFreedom Equity Inc

Community Improvement & Capacity Building

Freedom Equity Inc

COLUMBUS, OH

Total revenue

$2.8M

Total expenses

$1.4M

Net assets

$1.6M

Grants received

$806K

5 grants

EIN

882726911

Tax year

2024

Mission

Community development financial institution that is an alternate lender for black-owned small businesses in Central Ohio to improve the accessibility and affordability of capital.

Financials

FY 2024

Revenue

Contributions & grants$2.7M
Program service revenue
Investment income$38K
Other revenue
Total revenue$2.8M

Expenses

Grants paid
Salaries & benefits$745K
Fundraising$102K
Other expenses$703K
Total expenses$1.4M
Total assets$3.6M
Net assets$1.6M

People

7 listed

NameRoleCompensation

Jennifer Averi Frost

Executive Dir.

Board

$145K

40 hrs/wk

Courtnee Hawkins

Director

Board

$125K

40 hrs/wk

Aneeka Bashir

Director

Board

$107K

40 hrs/wk

Vonisha Turner

Foundation Mgr.

Board

$77K

40 hrs/wk

Jeremy Sharper

Director

Board

$77K

40 hrs/wk

Dejah Bryant

Director

Board

$72K

40 hrs/wk

Shanique Washington

Director

Board

$21K

40 hrs/wk

Grants received

Showing 5 of 5

FromAmountPurposeYear
$500K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2024
$104K
NEIGHBORHOOD
2024
$1K
ANNUAL OPERATIONS
2024
$101K
SOCIAL SERVICES AND URBAN AFFAIRS
2023
$100K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2023

Funded by

$806K from 3 funders · 5 grants · 2023–2024

Jpmorgan Chase Foundation

$600K · 2 grants · 2023–2024

Columbus Foundation

$205K · 2 grants · 2023–2024

Encova Foundation of Ohio

$1K · 1 grant · 2024

Details

EIN882726911
NTEE codeS31
Subsection03
Ruling date2023-03
Formed2022
Employees10
FREEDOM EQUITY INC — Mission, Financials & Grants Received | Grantivo