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The Pete Du Pont Freedom Foundation LLC

Tax-deductible

Montchanin, DE501(c)(3)Since 2017 EIN 82-1237132Revenue $884K in FY2025

On file with the IRSpetedupontfreedomfoundation.orgPo Box 221, 19710-0221 · Montchanin, DETax-exempt since Aug 2017Publicly supported charity — 170(b)(1)(A)(vi)

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The Pete Du Pont Freedom Foundation promotes our country's spirit of private enterprise by fostering access to the marketplace for every entrepreneur and their ideas.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Run by 13 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
1 of 6
filings with a surplus
Average surplus $462 a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$121K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Plus $600K in investments, Pt X · Ln 11–13
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $531K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$43K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$884K
-51% vs prior year
Spent
$1.3M
To programs
68%
Net assets
$932K
By yearFY2020–FY2025
Revenue
$884K
FY2025▼ -51%
Tap a bar for its year
Revenue by fiscal year
FY2020$254K
FY2021$556K
FY2022$385K
FY2023$896K
FY2024$1.8M
FY2025$884K
Expenses
$1.3M
FY2025▲ +36%
Tap a bar for its year
Expenses by fiscal year
FY2020$327K
FY2021$613K
FY2022$438K
FY2023$1.1M
FY2024$974K
FY2025$1.3M
Net assets
$932K
FY2025▼ -34%
Tap a bar for its year
Net assets by fiscal year
FY2020$451K
FY2021$393K
FY2022$340K
FY2023$140K
FY2024$1.4M
FY2025$932K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2017.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $897K Management & general 32% · $422K Fundraising 0% · $2K

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

14 people listed on the 990; $121K paid to officers and key staff.

Part VII, Section A · reportable compensation
Stephanie Johnnie
Executive Director
$121,055Pt VII · Sec A
$0Pt VII · Sec A
Nora Gonzalez
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
There Du Pont
Board Chair
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Stephen Sye————$45,012$158,402
Stephanie Johnnie$121,055$111,579$109,511$96,659$80,076—

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.

See The Pete Du Pont Freedom Foundation LLC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Fosters market access for entrepreneurs and their ideas, promoting private enterprise.

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Provided by the organization

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3 programs · $726K · in their own filed words · FY2025
01

Stepping Stones Community Federal Credit Union Partnership

Using restricted grant funding received for this purpose, the foundation supports stepping stones community federal credit union ("sscfcu") as it integrates financial technology providers intended to expand the digital financial tools and resources available to its members.

$325Kprogram expense
02

The equitable entrepreneurial ecosystem (e3) supports small business owners and entrepreneurs, with a particular focus on those who have historically faced barriers to business resources and opportunities.

$271Kprogram expense
03

Supported by a grant from longwood foundation, the foundation invested in the organizational capacity needed to strengthen and expand its entrepreneurship programs. Activities included staffing and professional support, strategic planning, marketing and communications, program development, and improvements to the foundation's internal…

$131Kprogram expense

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 · FY2023
Longwood Foundation INCFY2023$500K
Raymond James Charitable Endowment FundFY2023$15K
The Laffey-Mchugh FoundationFY2023$10K
Wilmington University INCFY2023$6K
Amazonsmile FoundationFY2023$5
Total grants receivedfrom 5 funders$531K
See all 5 funders →
Grants paid · 2 grants · $441K · 2024–2025
Stepping Stones Community FcuFY2025$66,000
Stepping Stones Federal Credit UnionFY2024$375,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$884K
Ln 12
Gifts and grantsLn 1h$838K
Investment incomeLn 3$40K
Fees for servicesLn 2g$4K
Money outPt IX
$1.3M
Ln 25
Programscol B$897K
Managementcol C$422K
Fundraisingcol D$2K
Owns and owesPt X
$932K
net assets · Ln 32
Cash and savingsLn 1–2$368K
Total assetsLn 16$975K
LiabilitiesLn 26$43K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$838K
Fees for servicesLn 2g$4K
Investment incomeLn 3$40K
Other incomeLn 4–11$3K
Total revenueLn 12$884K
Assets in detailPt X, end of year
CashLn 1$28K
SavingsLn 2$341K
Cash and savings togetherLn 1–2$368K
InvestmentsLn 11–13$600K
Total assetsLn 16$975K
LiabilitiesLn 26$43K
Net assetsLn 32$932K
OperationsPt I, VI
EmployeesI 55
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$833K$368K
InvestmentsLn 11–13$600K$600K
Total assetsLn 16$1.4M$975K
LiabilitiesLn 26$32K$43K
Net assetsLn 32$1.4M$932K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$66K$66K
Pay of current officers, directors and key staffLn 5$136K$55K$81K
Other salaries and wagesLn 7$238K$89K$149K
Pension plan contributionsLn 8$8K$8K
Other employee benefitsLn 9$22K$15K$7K
Payroll taxesLn 10$26K$11K$15K
Accounting feesLn 11c$20K$20K
Other fees for servicesLn 11g$11K$862$10K
Information technologyLn 14$21K$21K
OccupancyLn 16$15K$15K
TravelLn 17$27K$6K$19K$2K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$696K$638K$59K
All other expensesLn 24e$32K$16K$15K
Total functional expensesLn 25$1.3M$897K$422K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $884K$1.3M−$436K$932K 990 PDF
FY2024 $1.8M$974K$822K$1.4M 990 PDF
FY2023 $896K$1.1M−$200K$140K 990 PDF
FY2022 $385K$438K−$53K$340K 990 PDF
FY2021 $556K$613K−$57K$393K 990 PDF
FY2020 $254K$327K−$73K$451K 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 O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $883,757 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,743,151$837,714
I-9 Program service revenuePrior year $38,230$3,648
I-10 Investment incomePrior year $14,042$39,619
I-11 Other revenuePrior year $265$2,776
I-12 Total revenuePrior year $1,795,688$883,757
I-13 Grants and similar amounts paidPrior year $375,000$66,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $281,444$430,196
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $317,249$823,716
I-18 Total expensesPrior year $973,693$1,319,912
I-19 Revenue less expensesPrior year $821,995−$436,155
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $883,757 across 7 lines filed
VIII-1b Membership dues$137,860
VIII-1f All other contributions, gifts and grants$699,854
VIII-1h Total contributions, gifts and grants$837,714
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,648$3,648
VIII-3 Investment incomeExcluded from tax $39,619$39,619
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,776$2,776
VIII-12 Total revenueRelated to mission $3,648 · Unrelated business $0 · Excluded from tax $42,395$883,757
Part IX · Statement of functional expenses $1,319,912 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $66,000$66,000
IX-5 Pay of current officers, directors and key staffPrograms $55,195 · Management $81,244$136,439
IX-7 Other salaries and wagesPrograms $89,233 · Management $149,205$238,438
IX-8 Pension plan contributionsManagement $7,872$7,872
IX-9 Other employee benefitsPrograms $14,580 · Management $6,986$21,566
IX-10 Payroll taxesPrograms $10,840 · Management $15,041$25,881
IX-11c Accounting feesManagement $20,400$20,400
IX-11g Other fees for servicesPrograms $862 · Management $10,008$10,870
IX-14 Information technologyManagement $20,889$20,889
IX-16 OccupancyManagement $14,650$14,650
IX-17 TravelPrograms $6,000 · Management $19,024 · Fundraising $1,500$26,524
IX-23 InsuranceManagement $2,641$2,641
IX-24 Other expenses (24a–d)Programs $637,650 · Management $58,574$696,224
IX-24e All other expensesPrograms $16,275 · Management $15,243$31,518
IX-25 Total functional expensesPrograms $896,635 · Management $421,777 · Fundraising $1,500$1,319,912
Part X · Balance sheet $974,683 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $80,539$27,920
X-2 Savings and temporary cash investmentsStart of year $751,991$340,554
X-4 Accounts receivableStart of year $5,713$5,441
X-9 Prepaid expenses and deferred chargesStart of year $943$768
X-11 Publicly traded securitiesStart of year $600,000$600,000
X-16 Total assetsStart of year $1,439,186$974,683
X-17 Accounts payable and accrued expensesStart of year $32,189$42,530
X-26 Total liabilitiesStart of year $32,189$42,530
X-27 Net assets without donor restrictionsStart of year $182,883$348,800
X-28 Net assets with donor restrictionsStart of year $1,224,114$583,353
X-32 Total net assets or fund balancesStart of year $1,406,997$932,153
X-33 Total liabilities and net assetsStart of year $1,439,186$974,683
Part XI · Reconciliation of net assets $932,153 net assets at year end
XI-1 Total revenue$883,757
XI-2 Total expenses$1,319,912
XI-3 Revenue less expenses−$436,155
XI-4 Net assets at start of year$1,406,997
XI-8 Prior period adjustments−$38,689
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$932,153

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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