Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
77 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
15 people listed on the 990; $1.2M paid to officers and key staff.
Nicholas Grono’s $272K as CEO/President is at the 61st percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Nicholas Grono | $272,475 | $271,557 | $279,555 | $301,586 | $302,324 |
| Amy Rahe | $202,358 | $208,187 | $194,972 | $148,622 | — |
| Dan Vexler | $139,011 | $134,956 | $131,989 | $125,246 | $112,929 |
| Zoe Marshall | $135,806 | $130,112 | $121,238 | $123,670 | $109,250 |
| Erin Phelps | $126,047 | $116,040 | $109,440 | — | — |
| Maggie Gardner | — | — | — | $124,607 | — |
| Havovi Wadia | $116,927 | $111,303 | $100,273 | — | — |
| Yuki Lo | $107,697 | $102,944 | $100,225 | $102,866 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 15aYes
Programs and updates
Mobilizes capital and knowledge to end slavery by funding effective interventions and sharing best practices.
Questions for Freedom Fund
Your first name shows with your question. Freedom Fund answers here, for everyone.
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Hotspots Projects
The freedom fund has selected key geographic areas known to have a high incidence of modern slavery, where our interventions are most likely to result in a measurable reduction in slavery. In our hotspot projects, we invest in a range of community-based organizations to enable them to protect those at risk of slavery, rescue and…
Movement Building
Organizations around the world are doing exceptional work to eradicate slavery but, too often, these efforts are fragmented and underfunded. We aim to build a global community of activists, experts and donors by providing the platform, knowledge, and tools for them to connect and work together more effectively over a sustained period.
Global Initiatives
Our sector initiatives coordinate actors and resources around a slavery-specific issue, including sectors, industries, or circumstances. This allows the freedom fund to tackle systemic issues like slavery in fishing or cross-border migration with new technological tools or legal initiatives.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $6.9M | $5.7M |
| InvestmentsLn 11–13 | $31.1M | $28.7M |
| Land, buildings, equipmentLn 10c | $52K | $45K |
| Total assetsLn 16 | $40.9M | $37.9M |
| LiabilitiesLn 26 | $1.4M | $1.5M |
| Net assetsLn 32 | $39.5M | $36.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $2.5M | $2.5M | ||
| Grants and assistance to foreign recipientsLn 3 | $8.3M | $8.3M | ||
| Pay of current officers, directors and key staffLn 5 | $733K | $204K | $164K | $365K |
| Other salaries and wagesLn 7 | $4.2M | $2.2M | $867K | $1.2M |
| Pension plan contributionsLn 8 | $359K | $168K | $76K | $115K |
| Other employee benefitsLn 9 | $276K | $158K | $32K | $87K |
| Payroll taxesLn 10 | $534K | $270K | $106K | $158K |
| Management feesLn 11a | $3.2M | $3.1M | $86K | $71K |
| Legal feesLn 11b | $40K | $1K | $37K | $2K |
| Accounting feesLn 11c | $111K | $13K | $99K | |
| Investment management feesLn 11f | $162K | $162K | ||
| Other fees for servicesLn 11g | $420K | $41K | $335K | $44K |
| Advertising and promotionLn 12 | $152K | $58K | $95K | |
| Office expensesLn 13 | $174K | $24K | $125K | $25K |
| Information technologyLn 14 | $237K | $12K | $114K | $110K |
| OccupancyLn 16 | $257K | $21K | $236K | $431 |
| TravelLn 17 | $602K | $366K | $34K | $201K |
| Conferences, conventions and meetingsLn 19 | $211K | $143K | $7K | $61K |
| Depreciation, depletion and amortizationLn 22 | $90K | $90K | ||
| InsuranceLn 23 | $67K | $2K | $66K | |
| Other expenses (24a–d)Ln 24 | $28K | $2K | $18K | $9K |
| All other expensesLn 24e | $34K | $34K | ||
| Total functional expensesLn 25 | $22.8M | $17.6M | $2.7M | $2.5M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $19.7M | $22.8M | −$3.1M | $36.4M | 990 PDF |
| FY2023 | $16.7M | $22.5M | −$5.8M | $39.5M | 990 PDF |
| FY2022 | $13.5M | $19.6M | −$6.1M | $44.6M | 990 PDF |
| FY2021 | $51.2M | $12.7M | $38.5M | $50.8M | 990 PDF |
| FY2020 | $18.7M | $14.9M | $3.7M | $12.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $19,705,081 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, no flags
Part VIII · Statement of revenue $19,705,081 across 6 lines filed
Part IX · Statement of functional expenses $22,789,774 across 22 lines filed
Part X · Balance sheet $37,919,285 assets, 18 lines filed
Part XI · Reconciliation of net assets $36,389,783 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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