Freire Foundation FY2021 filing

Philadelphia, PA · Public charity (501(c)(3)) · Education

✓ Tax-deductible Latest data FY2021
Revenue
$1.1M
▲ +22% vs prior year
Spent
$396K
To programs
52%
Net assets
$1.5M
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending June 2021 (IRS tax year 2020).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
9 funders, incl. Sonecha Family Foundation
$372K in the latest grant year.
Spent on programs?
52% to programs
Form 990 Part IX, latest filing.
Size and trend
$1–10M
↑ +22% vs prior year
Legal name (IRS)Hdr · item CFreire Foundation
EINHdr · item D27-2568814
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2011
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CPhiladelphia, PA
NTEE classificationIRS BMFEducation (B111)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.52 Management & general $0.45 Fundraising $0.04
Program services52%$205K
Management & general45%$177K
Fundraising4%$15K
Total functional expensesLn 25$396K

Financial health

Revenue & expenses by yearFY2020–FY2025
Revenue
$1.1M
FY2021▲ +22%
Expenses
$396K
FY2021▼ -48%
Program efficiency
52%
of spending reaches programs
Operating runway
36.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+65%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$4.0M
FY2021▲ +7%
Total liabilities
$2.5M
FY2021▼ -16%
Revenue less expensesPt I · Ln 19$738K
Total assetsPt X · Ln 16$4.0M
Program-expense ratioPt IX · col B52%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$4.0M
Total liabilitiesLn 26$2.5M
Total net assetsLn 32$1.5M
Months of cash on handcomputed36.1

Statement of Revenue

Part VIII
Contributions & grants$582K · 51%
Program service revenue$552K · 49%
Contributions & grants51%$582K
Program service revenue49%$552K
Investment income$165
Total revenueLn 12$1.1M

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $396K
36.1 months
Where the money goes
Program services
Program services $205K · Total expenses $396K
52%
Management & General
Management & general $177K · Total expenses $396K
45%
Fundraising
Fundraising $15K · Total expenses $396K
4%
Cost to raise $1
Fundraising expense (2-yr avg) $13K · Solicited contributions (2-yr avg) $628K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $582K · Total revenue $1.1M
51%
Government reliance
Government grants — · Total revenue $1.1M
—
Earned-income share
Program service revenue $552K · Total revenue $1.1M
49%
Investment reliance
Investment income $165 · Total revenue $1.1M
+0.01%
Program self-sufficiency
Program service revenue $552K · Total expenses $396K
139%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $926K
+22%
Net-asset trend (YoY)
End of year $1.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $396K
+65%
Liabilities-to-Assets
Total liabilities — · Total assets $4.0M
—
Net-asset ratio
Net assets $1.5M · Total assets $4.0M
37%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kristin Davidson · Reported title CHAIR · Highest reported compensation $0 · Total expenses $396K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $396K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 52%——
Overhead ratio 45%——
Fundraising cost ratio 2%——
Revenue growth 22%——
Accounting fee ratio 3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Freire Foundation executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Acquires and holds real estate for Freire Charter Schools, supporting their educational model.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $205K of program spending, described in the organization's own filed words · FY2020.
01

Freire foundation advanced the mission of the freire network by raising over $580,000 in grants and donations to support valuable programming in emotional supports, creative and tech-integrated learning, college and career planning, steam, after school activities, leadership and staff development (including extensive dei training), etc.

$205Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 9 funders →
Grants paid · 20 grants · $4.9M · 2019–2024
Freire Charter SchoolPA · FY2024$268,511
Freire Schools CollaborativePA · FY2024$145,564
Tech Freire Charter SchoolPA · FY2024$13,314
Freire Schools CollaborativePA · FY2023$133,667
Freire Charter SchoolFY2023$100,000
Tech Freire Charter SchoolPA · FY2023$54,018
Tech Freire Charter SchoolPA · FY2022$114,933
Freire Charter SchoolFY2022$84,489
Freire Schools CollaborativePA · FY2022$24,856
Freire Charter SchoolFY2021$289,511
Tech Freire Charter SchoolPA · FY2021$181,783
Freire Charter SchoolFY2020$53,400
Tech Freire Charter SchoolPA · FY2020$52,878
See all 20 grants →

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $1.1M$1.5M-10% 990 PDF
FY2024 $1.2M$914K-55% 990 PDF
FY2023 $2.7M$2.3M+195% 990 PDF
FY2022 $899K$981K-21% 990 PDF
FY2021 Viewing $1.1M$396K+22% 990 PDF
FY2020 $926K$759K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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