NonprofitsThe Free State Foundation Inc

Education

The Free State Foundation Inc

POTOMAC, MD

Total revenue

$1.1M

Total expenses

$1.3M

Net assets

$3.6M

Grants received

$1.3M

19 grants

EIN

743160646

Tax year

2024

Mission

The foundation's primary purpose is to promote, through research and educational activities,understanding of free market, limited government, and rule of law principles at the federal level and in maryland. The foundation focuses on educating policymakers, opinion leaders, the press, and general public concerning the need to eliminate unnecessary and counterproductive regulatory mandates, especially those applicable to the communications and other high-tech industries, and on reducing overly burdensome taxes, protecting individual rights, economic liberty, and property rights, and making government more effective, efficient, and accountable.

Programs

1 program

Maryland government law and reform project: the goal of this project is to conduct research and educational activities that promote policies for maryland that are consistent with fiscal discipline and with a free market, less regulatory direction. During 2024, fsf published articles and commentaries relating to improving maryland's fiscal, economic, and regulatory policies, including its technology policies, and also to reforming its budget processes. Free state foundation scholars maintain a blog to include comments on maryland fiscal, economic, and regulatory issues. During 2024, several substantive blogs were published on these maryland policy issues.

Expenses: $8K

Financials

FY 2024

Revenue

Contributions & grants$911K
Program service revenue
Investment income$157K
Other revenue
Total revenue$1.1M

Expenses

Grants paid
Salaries & benefits$1.1M
Fundraising$40K
Other expenses$139K
Total expenses$1.3M
Total assets$3.7M
Net assets$3.6M

People

7 listed

NameRoleCompensation

RANDOLPH J MAY

PRESIDENT

Board

$402K

60 hrs/wk

LAURIE J MAY

SECRETARY/TREASURER

Board

$129K

24 hrs/wk

WILLIAM K KEANE

BOARD MEMBER

Board

1 hrs/wk

THOMAS TAUKE

BOARD MEMBER

Board

1 hrs/wk

KENNETH HOWARD

BOARD MEMBER

Board

1 hrs/wk

SETH COOPER

DIRECTOR OF POLICY STUDIES

Staff

$230K

40 hrs/wk

ANDREW LONG

SENIOR FELLOW

Staff

$161K

32 hrs/wk

Grants received

Showing 19 of 19

FromAmountPurposeYear
$175K
GENERAL SUPPORT 2024
2024
$110K
GENERAL SUPPORT
2024
$50K
General Support
2024
$40K
General Support
2024
$500
ANNUAL FUND
2024
$170K
GENERAL SUPPORT 2023
2023
$110K
GENERAL SUPPORT
2023
$65K
General Support
2023
$50K
General Support
2023
$165K
GENERAL SUPPORT 2022
2022
$100K
GENERAL SUPPORT
2022
$50K
General Support
2022
$40K
General Support
2022
$500
GENERAL & UNRESTRICTED
2022
$50
GENERAL PURPOSE
2021
$100K
GENERAL SUPPORT
2020
$50K
General Support
2020
$500
GENERAL PURPOSE
2020
$500
GENERAL PURPOSE
2019

Funded by

$1.3M from 7 funders · 19 grants · 2019–2024

Ncta - The Internet & Television

$510K · 3 grants · 2022–2024

Mywirelessorg

$420K · 4 grants · 2020–2024

Motion Picture Association Inc

$200K · 4 grants · 2020–2024

The 85 Fund

$145K · 3 grants · 2022–2024

Federal Focus Inc

$1K · 3 grants · 2019–2021

Rdm Foundation

$500 · 1 grant · 2024

Details

EIN743160646
NTEE codeB99
Subsection03
Ruling date2007-10
Formed2005
Employees5
Volunteers3
THE FREE STATE FOUNDATION INC — Mission, Financials & Grants Received | Grantivo