Nonprofits›Student Freedom Initiative Inc

Education

Student Freedom Initiative Inc

WASHINGTON, DC

WebsiteView as a funder

Total revenue

$5.9M

Total expenses

$10.1M

Net assets

$140.5M

Grants received

$35.3M

17 grants

EIN

850557522

Tax year

2023

Mission

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).

Financials

FY 2023

Revenue

Contributions & grants$2.7M
Program service revenue$309K
Investment income$2.9M
Other revenue$967
Total revenue$5.9M

Expenses

Grants paid$1.4M
Salaries & benefits$2.9M
Fundraising$1.1M
Other expenses$5.8M
Total expenses$10.1M
Total assets$141.8M
Net assets$140.5M

People

13 listed

NameRoleCompensation

MARK BROWN

EXECUTIVE DIRECTOR

Board

$313K

40 hrs/wk

MICHELE MCCULLOM

GENERAL COUNSEL & SECRETARY

Board

$198K

40 hrs/wk

LINDA WILSON

DIRECTOR

Board

—

1 hrs/wk

MICHAEL LOMAX

DIRECTOR

Board

—

1 hrs/wk

HENRY LOUIS GATES

DIRECTOR

Board

—

1 hrs/wk

KEITH SHOATES

PRESIDENT/CHIEF OPERATING OFFICER

Board

—

25 hrs/wk

ROBERT F SMITH

CHAIRMAN

Board

—

4 hrs/wk

LAWRENCE P BANCROFT

DIRECTOR

Board

—

1 hrs/wk

BARRY CYNAMON

DIRECTOR OF PROGRAM DESIGN

Staff

$195K

40 hrs/wk

YVETTE THOMAS

DIRECTOR OF CAPACITY BUILDING

Staff

$177K

40 hrs/wk

RONALD CROZIER

CHIEF SECURITY OFFICER

Staff

$174K

40 hrs/wk

KENNETH LUZZATTO

PROJECT MANAGER

Staff

$160K

40 hrs/wk

DONNA JONES

DIRECTOR OF OPERATIONS

Staff

$150K

40 hrs/wk

Independent contractors

MCKINSEY & COMPANY INC

CONSULTING

$2.1M

STACKWELL CAPITAL INC

PROGRAM SEED FUNDS

$917K

GOOD STUFF DIGITAL

MARKETING

$380K

UNITED NEGRO COLLEGE FUND INC

CONDUCT STUDY

$129K

ESSENCE FESTIVAL PRODUCTIONS LLC

SPONSORSHIP

$125K

Grants received

Showing 17 of 17

FromAmountPurposeYear
THE PRUDENTIAL FOUNDATION
$500K
STUDENT INVESTMENT PROGRAM (SIP)
2024
IMPACTASSETSINC
$10K
GENERAL SUPPORT
2024
GS DONOR ADVISED PHILANTHROPY FUND
$2.5M
EDUCATION
2023
FUND II FOUNDATION
$750
GENERAL SUPPORT
2023
FUND II FOUNDATION
$5M
SUPPORTING STUDENT LOAN RELIEF EFFORTS
2022
CAPITAL ONE FOUNDATION INC
$1.1M
HANDLING EVERYDAY LIFE PROBLEMS FOR STUDENTS (HELPS) PROGRAM
2022
Visa Foundation
$1M
To support Connect101
2022
DICK AND BETSY DEVOS FAMILY FOUNDATION
$500K
PROJECT/PROGRAM - EDUCATION WITH A PURPOSE
2022
FIRST REPUBLIC FOUNDATION
$500K
Education
2022
FUND II FOUNDATION
$10M
SUPPORTING STUDENT LOAN RELIEF EFFORTS
2021
VANGUARD CHARITABLE ENDOWMENT PROGRAM
$5.2M
For recipient's exempt purpose
2021
FIRST REPUBLIC FOUNDATION
$1M
Provide a catalyst for freedom in professional and life choices for students attending Minority Serving Institutions ("MSIs") by increasing their social and economic mobility using a student centric, evidence based, holistic, and collaborative approach.
2021
FUND II FOUNDATION
$5M
PROMOTE/IMPROVE ACCESS TO HIGHER EDUCATION BY PROVIDING STUDENTS WITH AN ALTERNATIVE TO HIGH-INTEREST LOANS.
2020
WAL-MART FOUNDATION
$1M
DIVERSITY IN THE TALENT PIPELINE
2020
LOVE LUCK AND FAITH FOUNDATION
$50K
GENERAL SUPPORT.
2020
DONOR ADVISED CHARITABLE GIVING INC
$5K
EDUCATION
2020
FUND II FOUNDATION
$2.0M
PROMOTE/IMPROVE ACCESS TO HIGHER EDUCATION BY PROVIDING STUDENTS WITH AN ALTERNATIVE TO HIGH-INTEREST LOANS
2019

Funded by

$35.3M from 12 funders · 17 grants · 2019–2024

Fund Ii Foundation

$22.0M · 5 grants · 2019–2023

Gs Donor Advised Philanthropy Fund

$2.5M · 1 grant · 2023

First Republic Foundation

$1.5M · 2 grants · 2021–2022

Capital One Foundation Inc

$1.1M · 1 grant · 2022

Wal-Mart Foundation

$1M · 1 grant · 2020

Visa Foundation

$1M · 1 grant · 2022

Details

EIN850557522
NTEE codeB82
Subsection03
Ruling date2020-04
Formed2020
Employees25
Volunteers6
STUDENT FREEDOM INITIATIVE INC — Mission, Financials & Grants Received | Grantivo