The Foundation for Research on Equal Opportunity: Nonprofit Profile, Financials & Form 990 (EIN 81-2699310)

Avik Roy’s $288K as President / Board Member is at the 84th percentile of top reported officer pay among 2832 $1–10M community development 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 · 3 named individuals · Part VII

Name	FY2024	FY2023
Avik Roy	$287,536	$289,000
Preston Cooper	—	$176,000
Rebecca Atwood	$103,377	—

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

Researches how policies can expand economic opportunity for lower-income Americans.

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3 programs · $923K · in their own filed words · FY2024

01

Communications Outreach

Through our communication and outreach efforts, we effectively disseminate our research findings, insights, and recommendations to various stakeholders and the broader public.

$432Kprogram expense

02

Healthcare General

We believe that americans deserve a health care system that provides universal - and universally affordable - coverage for today's americans, and a fiscally sustainable system for the generations to come. Our health care research is focused on making this a reality.

$273Kprogram expense

03

Education

Freopp conducts original research in both the higher education space, and in the k-12 space. Our k-12 program is focused on increasing parents and students' sovereignty over their children's education.

$218Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2024

Blue Cross Blue Shield AssociationFY2024$50K

Vanguard Charitable Endowment ProgramFY2024$50K

National Philanthropic TrustFY2024$40K

Fidelity Investments Charitable Gift FundFY2024$26K

National Institute for Health Care Management Research Educ FdnFY2024$18K

Gs Donor Advised Philanthropy Fund for Wealth Management INCFY2024$10K

Donors Trust INCFY2024$7K

Donor Advised Charitable Giving INCFY2024$6K

Total grants receivedfrom 8 funders$207K

See all 8 funders →

By the numbers

The FY2024 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$3.1M

Ln 12

Gifts and grantsLn 1h$2.8M

Other incomeLn 4–11$263K

Investment incomeLn 3$1

Money outPt IX

$2.6M

Ln 25

Programscol B$2.0M

Managementcol C$428K

Fundraisingcol D$143K

Owns and owesPt X

$855K

net assets · Ln 32

Cash and savingsLn 1–2$833K

Total assetsLn 16$855K

LiabilitiesLn 26$0

PeoplePt VI, VII

8

listed · VII A

PaidVII A2

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$2.8M

Noncash giftsLn 1g$3K

Investment incomeLn 3$1

Other incomeLn 4–11$263K

Total revenueLn 12$3.1M

Assets in detailPt X, end of year

CashLn 1$833K

Cash and savings togetherLn 1–2$833K

Land, buildings, equipmentLn 10c$3K

Total assetsLn 16$855K

LiabilitiesLn 26$0

Net assetsLn 32$855K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$303K	$833K
Land, buildings, equipmentLn 10c	$4K	$3K
Total assetsLn 16	$1.8M	$855K
LiabilitiesLn 26	$353K	$0
Net assetsLn 32	$1.4M	$855K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$391K	$348K	$19K	$23K
Other salaries and wagesLn 7	$338K	$301K	$17K	$20K
Other employee benefitsLn 9	$78K	$24K	$52K	$2K
Payroll taxesLn 10	$52K	$47K	$3K	$3K
Legal feesLn 11b	$5K		$5K
Accounting feesLn 11c	$36K		$36K
Other fees for servicesLn 11g	$585K	$515K	$59K	$11K
Advertising and promotionLn 12	$19K	$18K	$500
Office expensesLn 13	$4K	$839	$3K	$774
Information technologyLn 14	$104K	$80K	$24K
OccupancyLn 16	$183K	$22K	$161K
TravelLn 17	$120K	$118K	$2K	$407
Conferences, conventions and meetingsLn 19	$279K	$279K	$182
Depreciation, depletion and amortizationLn 22	$1K		$1K
InsuranceLn 23	$6K		$6K
Other expenses (24a–d)Ln 24	$348K	$225K	$40K	$83K
All other expensesLn 24e	$47		$47
Total functional expensesLn 25	$2.6M	$2.0M	$428K	$143K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$3.1M	$2.6M	$529K	$855K	990 PDF
FY2023	$3.2M	$2.7M	$586K	$1.4M	990 PDF
FY2022	$2.0M	$1.8M	$273K	$835K	990 PDF
FY2021	$1.5M	$1.1M	$371K	$562K	990 PDF
FY2020	$988K	$947K	$41K	$191K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $3,078,799 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $3,243,505$2,815,370

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $83$1

I-11 Other revenuePrior year $4,581$263,428

I-12 Total revenuePrior year $3,248,169$3,078,799

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $1,023,286$858,883

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $1,639,155$1,691,259

I-18 Total expensesPrior year $2,662,441$2,550,142

I-19 Revenue less expensesPrior year $585,728$528,657

Part VI · Governance 6 of 6 board members independent, no flags

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $3,078,799 across 6 lines filed

VIII-1f All other contributions, gifts and grants$2,815,370

VIII-1g Noncash contributions (included above)$2,931

VIII-1h Total contributions, gifts and grants$2,815,370

VIII-3 Investment incomeRelated to mission $1$1

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $263,428$263,428

VIII-12 Total revenueRelated to mission $263,429 · Unrelated business $0 · Excluded from tax $0$3,078,799

Part IX · Statement of functional expenses $2,550,142 across 17 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $348,447 · Management $19,241 · Fundraising $23,225$390,913

IX-7 Other salaries and wagesPrograms $301,051 · Management $16,624 · Fundraising $20,066$337,741

IX-9 Other employee benefitsPrograms $24,483 · Management $51,762 · Fundraising $1,844$78,089

IX-10 Payroll taxesPrograms $46,587 · Management $2,807 · Fundraising $2,746$52,140

IX-11b Legal feesManagement $4,984$4,984

IX-11c Accounting feesManagement $36,015$36,015

IX-11g Other fees for servicesPrograms $514,592 · Management $59,142 · Fundraising $10,841$584,575

IX-12 Advertising and promotionPrograms $18,500 · Management $500$19,000

IX-13 Office expensesPrograms $839 · Management $2,759 · Fundraising $774$4,372

IX-14 Information technologyPrograms $80,120 · Management $24,259$104,379

IX-16 OccupancyPrograms $22,217 · Management $161,101$183,318

IX-17 TravelPrograms $117,932 · Management $1,715 · Fundraising $407$120,054

IX-19 Conferences, conventions and meetingsPrograms $279,121 · Management $182$279,303

IX-22 Depreciation, depletion and amortizationManagement $1,313$1,313

IX-23 InsuranceManagement $6,068$6,068

IX-24 Other expenses (24a–d)Programs $225,451 · Management $39,548 · Fundraising $82,832$347,831

IX-24e All other expensesManagement $47$47

IX-25 Total functional expensesPrograms $1,979,340 · Management $428,067 · Fundraising $142,735$2,550,142

Part X · Balance sheet $854,952 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $303,329$832,566

X-9 Prepaid expenses and deferred chargesStart of year $29,362$19,679

X-10c Land, buildings and equipment, netStart of year $4,020$2,707

X-16 Total assetsStart of year $1,772,889$854,952

X-26 Total liabilitiesStart of year $352,631$0

X-27 Net assets without donor restrictionsStart of year −$33,259$17,530

X-28 Net assets with donor restrictionsStart of year $1,453,517$837,422

X-32 Total net assets or fund balancesStart of year $1,420,258$854,952

X-33 Total liabilities and net assetsStart of year $1,772,889$854,952

Part XI · Reconciliation of net assets $854,952 net assets at year end

XI-1 Total revenue$3,078,799

XI-2 Total expenses$2,550,142

XI-3 Revenue less expenses$528,657

XI-4 Net assets at start of year$1,420,258

XI-9 Other changes in net assets−$1,093,963

XI-10 Net assets at end of year$854,952

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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