Freire Foundation FY2023 filing

Tax-deductible

Philadelphia, PA501(c)(3)EducationEIN 27-2568814

The organization holds real estate for freire charter school and provides support to charter schools that use the freire education model

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $180K a year · 14% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $372K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.4M
57% of total assets
Fine: liabilities are 57% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+195% vs prior year
Spent
$2.3M
To programs
90%
Net assets
$1.8M
By yearFY2020–FY2025
Revenue
$2.7M
FY2023▲ +195%
Revenue by fiscal year
FY2020$926K
FY2021$1.1M
FY2022$899K
FY2023$2.7M
FY2024$1.2M
FY2025$1.1M
Expenses
$2.3M
FY2023▲ +130%
Expenses by fiscal year
FY2020$759K
FY2021$396K
FY2022$981K
FY2023$2.3M
FY2024$914K
FY2025$1.5M
Net assets
$1.8M
FY2023▲ +28%
Net assets by fiscal year
FY2020$760K
FY2021$1.5M
FY2022$1.4M
FY2023$1.8M
FY2024$2.1M
FY2025$1.7M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $2.0M Management & general 8% · $175K Fundraising 3% · $60K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Freire Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

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

Provided by the organization

This section is blank until Freire Foundation claims this page.

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1 program service account for $2.0M of program spending, described in the organization's own filed words · FY2022.
01

Freire foundation advances the mission of the freire network by raising funds 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.

$2.0Mprogram expense

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Funders

Who pays for it.

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 →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.4M
Fees for servicesLn 2g$252K
Investment incomeLn 3$934
Money outPt IX
$2.3M
Ln 25
Programscol B$2.0M
Managementcol C$175K
Fundraisingcol D$60K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$4.2M
LiabilitiesLn 26$2.4M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Fees for servicesLn 2g$252K
Investment incomeLn 3$934
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$638K
SavingsLn 2$941K
Cash and savings togetherLn 1–2$1.6M
Land, buildings, equipmentLn 10c$2.6M
Total assetsLn 16$4.2M
LiabilitiesLn 26$2.4M
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.1M$1.6M
Land, buildings, equipmentLn 10c$2.7M$2.6M
Total assetsLn 16$3.9M$4.2M
LiabilitiesLn 26$2.4M$2.4M
Net assetsLn 32$1.4M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.9M$1.9M
Accounting feesLn 11c$8K$8K
Professional fundraising feesLn 11e$10K$10K
Other fees for servicesLn 11g$56K$5K$50K
InterestLn 20$156K$156K
Depreciation, depletion and amortizationLn 22$96K$96K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$2.3M$2.0M$175K$60K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$1.5M−$422K$1.7M 990 PDF
FY2024 $1.2M$914K$282K$2.1M 990 PDF
FY2023 Viewing $2.7M$2.3M$398K$1.8M 990 PDF
FY2022 $899K$981K−$82K$1.4M 990 PDF
FY2021 $1.1M$396K$738K$1.5M 990 PDF
FY2020 $926K$759K$167K$760K 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
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $2,653,364 across 5 lines filed
VIII-1f All other contributions, gifts and grants$2,400,430
VIII-1h Total contributions, gifts and grants$2,400,430
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $252,000$252,000
VIII-3 Investment incomeExcluded from tax $934$934
VIII-12 Total revenueRelated to mission $252,000 · Unrelated business $0 · Excluded from tax $934$2,653,364
Part IX · Statement of functional expenses $2,255,158 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $1,924,278$1,924,278
IX-11c Accounting feesManagement $7,999$7,999
IX-11e Professional fundraising feesFundraising $9,891$9,891
IX-11g Other fees for servicesManagement $5,345 · Fundraising $50,300$55,645
IX-20 InterestManagement $156,214$156,214
IX-22 Depreciation, depletion and amortizationPrograms $95,740$95,740
IX-23 InsuranceManagement $2,758$2,758
IX-24 Other expenses (24a–d)Management $2,633$2,633
IX-25 Total functional expensesPrograms $2,020,018 · Management $174,949 · Fundraising $60,191$2,255,158
Part X · Balance sheet $4,212,188 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $211,511$638,210
X-2 Savings and temporary cash investmentsStart of year $929,483$940,770
X-3 Pledges and grants receivableStart of year $50,266$36,820
X-9 Prepaid expenses and deferred charges$17,728
X-10c Land, buildings and equipment, netStart of year $2,674,400$2,578,660
X-16 Total assetsStart of year $3,865,660$4,212,188
X-17 Accounts payable and accrued expenses$4,840
X-26 Total liabilitiesStart of year $2,449,556$2,397,878
X-27 Net assets without donor restrictionsStart of year $1,066,228$1,354,802
X-28 Net assets with donor restrictionsStart of year $349,876$459,508
X-32 Total net assets or fund balancesStart of year $1,416,104$1,814,310
X-33 Total liabilities and net assetsStart of year $3,865,660$4,212,188
Part XI · Reconciliation of net assets $1,814,310 net assets at year end
XI-1 Total revenue$2,653,364
XI-2 Total expenses$2,255,158
XI-3 Revenue less expenses$398,206
XI-4 Net assets at start of year$1,416,104
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,814,310

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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