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Educational Freedom Institute

Tax-deductible

Phoenix, AZ501(c)(3)Education EIN 84-1890836Revenue $255K in FY2024

On file with the IRSefiinstitute.org20 E Thomas Rd Ste 2200, 85012-3133 · Phoenix, AZTax-exempt since Oct 2019Publicly supported charity — 170(b)(1)(A)(vi)

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To research, document and report the benefits that school choice provides to students, families and communities

501(c)(3) charity; gifts are tax-deductible.
49¢ of each $1 spent went to programs.
$129K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$129K
to officers and key staff · 42% of spending
Top officer’s pay higher than 72% of similar orgs
Concern: pay to officers and key staff is 42% of spending; over 30%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $55K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$255K
+89% vs prior year
Spent
$310K
To programs
49%
Net assets
$99K
By yearFY2021–FY2024
Revenue
$255K
FY2024▲ +89%
Tap a bar for its year
Revenue by fiscal year
FY2021$89K
FY2022$183K
FY2023$135K
FY2024$255K
Net assets
$99K
FY2024▼ -35%
Tap a bar for its year
Net assets by fiscal year
FY2021$150K
FY2022$203K
FY2023$153K
FY2024$99K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2019.

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

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $151K Management & general 2% · $7K Fundraising 49% · $151K

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

5 people listed on the 990; $129K paid to officers and key staff.

Part VII, Section A · reportable compensation
Ian Kingsbury
Senior Fellow
$80,000Pt VII · Sec A
Veronica Wilson
VP Development
$48,798Pt VII · Sec A
Matthew Nielsen
President, Chairman, Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Ian Kingsbury’s $80K as Senior Fellow is at the 72nd percentile of top reported officer pay among 1613 $100K–1M education 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.

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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, documents, and reports school choice benefits for students, families, and communities.

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Provided by the organization

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1 program · $151K · in their own filed words · FY2024
01

Researched and reported findings that students, families and communities benefit from school choice

$151Kprogram 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
Fidelity Investments Charitable Gift FundFY2024$30K
The Sayers Foundation INCFY2024$25K
Total grants receivedfrom 2 funders$55K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$255K
Ln 12
Gifts and grantsLn 1h$255K
Money outPt IX
$310K
Ln 25
Programscol B$151K
Managementcol C$7K
Fundraisingcol D$151K
Owns and owesPt X
$99K
net assets · Ln 32
Cash and savingsLn 1–2$99K
Total assetsLn 16$99K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$255K
Total revenueLn 12$255K
Assets in detailPt X, end of year
CashLn 1$99K
Cash and savings togetherLn 1–2$99K
Total assetsLn 16$99K
LiabilitiesLn 26$0
Net assetsLn 32$99K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$153K$99K
Total assetsLn 16$153K$99K
LiabilitiesLn 26$0$0
Net assetsLn 32$153K$99K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$75K$0$0$75K
Payroll taxesLn 10$65K$0$0$65K
Accounting feesLn 11c$5K$0$5K$0
Other fees for servicesLn 11g$139K$139K$0$0
Advertising and promotionLn 12$6K$0$0$6K
Office expensesLn 13$6K$0$866$5K
Information technologyLn 14$698$0$349$349
OccupancyLn 16$1K$0$1K$0
TravelLn 17$12K$12K$0$0
Conferences, conventions and meetingsLn 19$11$0$11$0
InsuranceLn 23$251$0$0$251
Total functional expensesLn 25$310K$151K$7K$151K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $255K$310K−$54K$99K 990 PDF
FY2023 $135K$153K 990 PDF
FY2022 $183K$203K 990 PDF
FY2021 $89K$150K 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 FY2024 990 (6 parts)
Part I · Summary $255,357 revenue, 12 lines filed
I-8 Contributions and grants$255,357
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$255,357
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$139,584
I-16a Professional fundraising fees$0
I-17 Other expenses$169,969
I-18 Total expenses$309,553
I-19 Revenue less expenses−$54,196
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $255,357 across 3 lines filed
VIII-1f All other contributions, gifts and grants$255,357
VIII-1h Total contributions, gifts and grants$255,357
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$255,357
Part IX · Statement of functional expenses $309,553 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $74,861$74,861
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $64,723$64,723
IX-11c Accounting feesPrograms $0 · Management $4,520 · Fundraising $0$4,520
IX-11g Other fees for servicesPrograms $138,950 · Management $0 · Fundraising $0$138,950
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $6,341$6,341
IX-13 Office expensesPrograms $0 · Management $866 · Fundraising $4,908$5,774
IX-14 Information technologyPrograms $0 · Management $349 · Fundraising $349$698
IX-16 OccupancyPrograms $0 · Management $1,348 · Fundraising $0$1,348
IX-17 TravelPrograms $12,076 · Management $0 · Fundraising $0$12,076
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $11 · Fundraising $0$11
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $251$251
IX-25 Total functional expensesPrograms $151,026 · Management $7,094 · Fundraising $151,433$309,553
Part X · Balance sheet $98,971 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $153,167$98,971
X-16 Total assetsStart of year $153,167$98,971
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $153,167$98,971
X-32 Total net assets or fund balancesStart of year $153,167$98,971
X-33 Total liabilities and net assetsStart of year $153,167$98,971
Part XI · Reconciliation of net assets $98,971 net assets at year end
XI-1 Total revenue$255,357
XI-2 Total expenses$309,553
XI-3 Revenue less expenses−$54,196
XI-4 Net assets at start of year$153,167
XI-10 Net assets at end of year$98,971

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

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