STUDENT FREEDOM INITIATIVE INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: STUDENT FREEDOM INITIATIVE INC (EIN 85-0557522)
Tax period: 2021-07-01 to 2022-06-30
Filed: 2023-03-26
IRS object ID: 202340859349300354
Schema version: 2021v4.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-03-26T13:45:08-05:00	ReturnTs
Tax Period End	2022-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	420714325	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	RSM US LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1250 H STREET SUITE 700	AddressLine1Txt
City	WASHINGTON	CityNm
State Abbreviation	DC	StateAbbreviationCd
ZIP	20005	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2021-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	850557522	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	STUDENT FREEDOM INITIATIVE INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	STUD	BusinessNameControlTxt
Phone	2025590007	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	633 PENNSYLVANIA AVE NW 5TH FL	AddressLine1Txt
City	WASHINGTON	CityNm
State Abbreviation	DC	StateAbbreviationCd
ZIP	20004	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	KEITH SHOATES	PersonNm
Person Title	CHIEF OPERATING OFFICER	PersonTitleTxt
Phone	2025590007	PhoneNum
Signature	2023-03-24	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	KEITH	PersonFirstNm
Person Last	SHOATES	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ELIZABETH W HELLER	PreparerPersonNm
PTIN	P00397829	PTIN
Phone	2022932200	PhoneNum
Preparation	2023-03-24	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	MARK BROWN	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	633 PENNSYLVANIA AVE NW 5TH FL	AddressLine1Txt
City	WASHINGTON	CityNm
State Abbreviation	DC	StateAbbreviationCd
ZIP	20004	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$51,574,339	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.STUDENTFREEDOMINITIATIVE.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2020	FormationYr
Legal Domicile State	DE	LegalDomicileStateCd
Activity Or Mission	THE STUDENT FREEDOM INITIATIVE IS A 501(C)(3) NONPROFIT ORGANIZATION DEDICATED TO ENSURING FREEDOM IN PROFESSIONAL AND LIFE CHOICES FOR STUDENTS ATTENDING MINORITY SERVING INSTITUTIONS (MSIS).	ActivityOrMissionDesc
Voting Members Governing Body	8	VotingMembersGoverningBodyCnt
Voting Members Independent	7	VotingMembersIndependentCnt
Total Employee	17	TotalEmployeeCnt
Total Volunteers	8	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$75,542,300	PYContributionsGrantsAmt
CY Contributions Grants	$13,282,489	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$1,796,280	CYProgramServiceRevenueAmt
PY Investment Income	$0	PYInvestmentIncomeAmt
CY Investment Income	$194,056	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$13,000	CYOtherRevenueAmt
PY Total Revenue	$75,542,300	PYTotalRevenueAmt
CY Total Revenue	$15,285,825	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$4,220	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$783,156	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$1,821,504	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$3,783	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$663,252	CYTotalFundraisingExpenseAmt
PY Other Expenses	$2,042,930	PYOtherExpensesAmt
CY Other Expenses	$3,370,003	CYOtherExpensesAmt
PY Total Expenses	$2,829,869	PYTotalExpensesAmt
CY Total Expenses	$5,195,727	CYTotalExpensesAmt
PY Revenues Less Expenses	$72,712,431	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$10,090,098	CYRevenuesLessExpensesAmt
Total Assets BOY	$122,948,895	TotalAssetsBOYAmt
Total Assets EOY	$132,770,538	TotalAssetsEOYAmt
Total Liabilities BOY	$182,203	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$181,535	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$122,766,692	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$132,589,003	NetAssetsOrFundBalancesEOYAmt
Mission	STUDENT FREEDOM INITIATIVE IS DEDICATED TO ENSURING FREEDOM IN PROFESSIONAL AND LIFE CHOICES FOR STUDENTS ATTENDING MINORITY SERVING INSTITUTIONS (MSIS).	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$4,053,587	ExpenseAmt
Grant	$4,220	GrantAmt
Revenue	$1,796,280	RevenueAmt
Desc	TO ADDRESS THE OVERWHELMING STUDENT DEBT FACED BY ALL TOO MANY OF THE YOUNG MEN AND WOMEN ATTENDING HISTORICALLY BLACK COLLEGES AND UNIVERSITIES BY PROVIDING A STUDENT-CENTRIC FUNDING SOURCE FOR EDUCATION COSTS AS AN ALTERNATIVE TO HIGH-INTEREST LOANS.	Desc
Total Program Service Expenses	$4,053,587	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	11	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	17	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	8	GoverningBodyVotingMembersCnt
Independent Voting Member	7	IndependentVotingMemberCnt
Family Or Business Rln	Yes (1)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Own Website	Yes (X)	OwnWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MICHELE MCCULLOM	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2025590007	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	633 PENNSYLVANIA AVE NW 5TH FL	AddressLine1Txt
City	WASHINGTON	CityNm
State Abbreviation	DC	StateAbbreviationCd
ZIP	20004	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
ROBERT F SMITH
CHAIRMAN	4.00	Yes (X)	$0	$0	$0
HENRY LOUIS GATES
DIRECTOR	1.00	Yes (X)	$0	$0	$0
ROBERT JAIN
DIRECTOR	1.00	Yes (X)	$0	$0	$0
MICHAEL LOMAX
DIRECTOR	1.00	Yes (X)	$0	$0	$0
LINDA WILSON
DIRECTOR	1.00	Yes (X)	$0	$0	$0
LAWRENCE P BANCROFT
DIRECTOR	1.00	Yes (X)	$0	$0	$0
KEITH SHOATES
CHIEF OPERATING OFFICER	25.00	Yes (X)	$0	$0	$0	Yes (X)
MARK BROWN
EXECUTIVE DIRECTOR	40.00	Yes (X)	$240,350	$0	$0	Yes (X)
WENDELL LAYNE
TREASURER	40.00		$16,914	$0	$1,159	Yes (X)
MICHELE MCCULLOM
GENERAL COUNSEL & SECRETARY	40.00		$181,205	$0	$10,690	Yes (X)
DONNA JONES
DIRECTOR OF OPERATIONS	40.00		$133,975	$0	$1,932		Yes (X)
BARRY CYNAMON
DIRECTOR OF PROGRAM DESIGN	40.00		$175,867	$0	$32,045		Yes (X)
CHIMERE JONES
ENGAGEMENT PARTNER	40.00		$100,213	$0	$11,558		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$848,524	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$57,384	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	5	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
MDRC
200 VESEY STREET 23RD FLOOR	NEW YORK	NY	10281	INCOME SHARE AGREEMENTS TECHNICAL ASSIST	$545,127
SKADDEN ARPS SLATE MEAGHER & FLOM LLP
PO BOX 1764	WHITE PLAINS	NY	10602	LEGAL SERVICES	$435,486
GOOD STUFF DIGITAL
925B PEACHTREE ST NE 122	ATLANTA	GA	30309	MARKETING SERVICES	$137,700
UNITED NEGRO COLLEGE FUND INC
1805 7TH STREET NW	WASHINGTON	DC	20001	ONBOARDING WORK FOR SFI LONGITUDINAL STU	$114,800

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	4	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$13,282,489	AllOtherContributionsAmt
Total Contributions	$13,282,489	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	STUDENT FREEDOM AGREEMENT	Desc
Business	900099	BusinessCd
Total Revenue Column	$1,796,280	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,796,280	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$1,796,280	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$194,134	TotalRevenueColumnAmt
Exclusion	$194,134	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$36,288,436	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$36,288,514	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	-$78	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$78	TotalRevenueColumnAmt
Exclusion	-$78	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	MISCELLANEOUS	Desc
Business	900099	BusinessCd
Total Revenue Column	$13,000	TotalRevenueColumnAmt
Exclusion	$13,000	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$13,000	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$15,285,825	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,796,280	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$207,056	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$4,220	TotalAmt
Program Services	$4,220	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$490,803	TotalAmt
Program Services	$199,732	ProgramServicesAmt
Fundraising	$291,071	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$1,101,333	TotalAmt
Program Services	$908,829	ProgramServicesAmt
Management And General	$139,209	ManagementAndGeneralAmt
Fundraising	$53,295	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$22,952	TotalAmt
Program Services	$18,572	ProgramServicesAmt
Management And General	$4,380	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$96,434	TotalAmt
Program Services	$82,821	ProgramServicesAmt
Management And General	$13,207	ManagementAndGeneralAmt
Fundraising	$406	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$109,982	TotalAmt
Program Services	$78,663	ProgramServicesAmt
Management And General	$11,052	ManagementAndGeneralAmt
Fundraising	$20,267	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$234,397	TotalAmt
Program Services	$190,036	ProgramServicesAmt
Management And General	$44,361	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$91,377	TotalAmt
Management And General	$91,377	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$10,698	TotalAmt
Management And General	$10,698	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$811,991	TotalAmt
Program Services	$739,392	ProgramServicesAmt
Management And General	$45,849	ManagementAndGeneralAmt
Fundraising	$26,750	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$266,800	TotalAmt
Fundraising	$266,800	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,341	TotalAmt
Management And General	$3,341	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$28,280	TotalAmt
Program Services	$15,261	ProgramServicesAmt
Management And General	$13,019	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$39,252	TotalAmt
Management And General	$39,252	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$27,272	TotalAmt
Management And General	$22,609	ManagementAndGeneralAmt
Fundraising	$4,663	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$13,544	TotalAmt
Management And General	$13,544	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
STUDENT FREEDOM AGREEME	$1,796,280	$1,796,280
OTHER BUSINESS EXPENSES	$15,139		$15,139
LICENSES & FEES EXPENSE	$11,516		$11,516
BUSINESS TAX EXPENSE	$309		$309

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$19,807	TotalAmt
Program Services	$19,781	ProgramServicesAmt
Management And General	$26	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$5,195,727	TotalAmt
Program Services	$4,053,587	ProgramServicesAmt
Management And General	$478,888	ManagementAndGeneralAmt
Fundraising	$663,252	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$30,152,449	BOYAmt
EOY	$6,925,020	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$92,598,852	BOYAmt
EOY	$81,168,577	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$115,997	BOYAmt
EOY	$1,796,280	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$8,342	BOYAmt
EOY	$11,695	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$56,267	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$15,923	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$19,959	BOYAmt
EOY	$40,344	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
EOY	$42,825,326	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$53,296	BOYAmt
EOY	$3,296	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$122,948,895	BOYAmt
EOY	$132,770,538	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$175,686	BOYAmt
EOY	$175,717	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$6,517	BOYAmt
EOY	$5,818	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$182,203	BOYAmt
EOY	$181,535	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$79,766,692	BOYAmt
EOY	$86,857,853	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$43,000,000	BOYAmt
EOY	$45,731,150	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$122,766,692	BOYAmt
EOY	$132,589,003	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$122,948,895	BOYAmt
EOY	$132,770,538	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$10,090,098	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$267,787	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	0	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$50,060,000	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$75,542,300	CurrentTaxYearMinus1YearAmt
Current Tax Year	$13,282,489	CurrentTaxYearAmt
Total	$138,884,789	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$50,060,000	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$75,542,300	CurrentTaxYearMinus1YearAmt
Current Tax Year	$13,282,489	CurrentTaxYearAmt
Total	$138,884,789	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$117,067,334	SubstantialContributorsTotAmt
Public Support Total170	$21,817,455	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year	$194,134	CurrentTaxYearAmt
Total	$194,134	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year	$13,000	CurrentTaxYearAmt
Total	$13,000	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$139,091,923	TotalSupportAmt
Gross Receipts Rltd Activities	$1,796,280	GrossReceiptsRltdActivitiesAmt
First5 Years170	Yes (X)	First5Years170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	PART II, SHORT YEAR EXPLANATION:	FormAndLineReferenceDesc
Explanation	THE ORGANIZATION BEGAN OPERATIONS ON MARCH 16, 2020. THE AMOUNTS IN THE 2019 COLUMN YEAR REFLECT THE SHORT PERIOD FROM MARCH 16, 2020 TO JUNE 30, 2020.	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$45,767	OtherCostOrOtherBasisAmt
Depreciation	$12,131	DepreciationAmt
Book Value	$33,636	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$10,500	OtherCostOrOtherBasisAmt
Depreciation	$3,792	DepreciationAmt
Book Value	$6,708	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$40,344	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	DEFERRED RENT	Desc
Amt	$5,818	Amt

Field	Value	IRS element (for citing)
Total Liability	$5,818	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$15,007,340	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$267,787	NetUnrealizedGainsInvstAmt
Revenue Not Reported	-$267,787	RevenueNotReportedAmt
Revenue Subtotal	$15,275,127	RevenueSubtotalAmt
Investment Expenses Not Incld	$10,698	InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt	$10,698	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$15,285,825	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$5,185,029	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$5,185,029	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$10,698	InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt	$10,698	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$5,195,727	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION'S FINANCIAL STATEMENTS DO NOT INCLUDE ANY UNCERTAIN TAX POSITIONS.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MARK BROWN
EXECUTIVE DIRECTOR	$240,350	$0	$0	$0	$0	$0	$0	$0	$168	$0	$240,518	$0	$0	$0
BARRY CYNAMON
DIRECTOR OF PROGRAM DESIGN	$175,867	$0	$0	$0	$0	$0	$7,107	$0	$31,859	$0	$214,833	$0	$0	$0
MICHELE MCCULLOM
GENERAL COUNSEL & SECRETARY	$181,205	$0	$0	$0	$0	$0	$2,795	$0	$9,625	$0	$193,625	$0	$0	$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2	KEITH SHOATES, ROBERT SMITH - BUSINESS RELATIONSHIP
FORM 990, PART VI, SECTION B, LINE 11B	THE ORGANIZATION REVIEWS THE FORM 990 WITH THEIR FINANCIAL ACCOUNTANTS PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	POLICIES ARE REVIEWED ON QUARTERLY BASIS TO MAINTAIN COMPLIANCY.
FORM 990, PART VI, SECTION B, LINE 15	COMPARATIVE DATA WAS REVIEWED AND APPROVED BY THE BOD. A BOD MOTION WAS MADE AND APPROVED DETERMINING COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19	THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11G	MISCELLANEOUS: PROGRAM SERVICE EXPENSES 739,392. MANAGEMENT AND GENERAL EXPENSES 45,849. FUNDRAISING EXPENSES 26,750. TOTAL EXPENSES 811,991.