Student Freedom Initiative Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 850557522 ✦ Washington, DC ✦ Designated as a 501(c)(3)

Overview

What is Student Freedom Initiative Inc?

Student Freedom Initiative Inc is a 501(C)(3) nonprofit organization headquartered in Washington, D.C. With a team of 17 dedicated individuals, its primary mission is to provide an alternative student-centric funding source for education costs for students attending Minority Serving Institutions (MSIs), in place of high-interest loans. This nonprofit aims to ensure professional and life freedom for students at MSIs, allowing them to make informed decisions about their futures without the burden of overwhelming student debt.


Official website here: www.studentfreedominitiative.org

Is Student Freedom Initiative Inc legitimate?

Student Freedom Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Student Freedom Initiative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $490,803
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,101,333

For more financial information, click here


Official website here: www.studentfreedominitiative.org

What is the mission statement of Student Freedom Initiative Inc?

The Student Freedom Initiative is a non-profit organization committed to enhancing the professional and personal freedom of students attending Minority Serving Institutions (MSIs). Its primary mission is to provide an alternative to high-interest student loans by offering student-centric funding for education costs. By doing so, the Student Freedom Initiative aims to alleviate the overwhelming student debt faced by many young men and women at MSIs, enabling them to make informed choices about their futures without financial constraints. The organization's focus on empowering students demonstrates its dedication to expanding opportunities and promoting equal access to education.


Official website here: www.studentfreedominitiative.org

Who is the CEO of Student Freedom Initiative Inc?

Mark Brown is the Executive Director of Student Freedom Initiative Inc.


Official website here: www.studentfreedominitiative.org

What is the revenue of Student Freedom Initiative Inc?

Student Freedom Initiative Inc's revenue in 2022 was $15,285,825.


Official website here: www.studentfreedominitiative.org

Who are the executives of Student Freedom Initiative Inc and what are their salaries?

The average compensation at Student Freedom Initiative Inc during 2022 was $93,655. There are 17 employees and 8 volunteers at Student Freedom Initiative Inc.

Here are 13 key members and their salaries:

    Mark Brown (Executive Director)
  • Compensation: $240,350
  • Related: $0
  • Other: $0

    • Barry Cynamon (Director Of Program Design)
  • Compensation: $175,867
  • Related: $0
  • Other: $32,045

    • Michele Mccullom (General Counsel & Secretary)
  • Compensation: $181,205
  • Related: $0
  • Other: $10,690

    • Donna Jones (Director Of Operations)
  • Compensation: $133,975
  • Related: $0
  • Other: $1,932

    • Chimere Jones (Engagement Partner)
  • Compensation: $100,213
  • Related: $0
  • Other: $11,558

    • Wendell Layne (Treasurer)
  • Compensation: $16,914
  • Related: $0
  • Other: $1,159

    • Robert F Smith (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Henry Louis Gates (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Jain (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Lomax (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda Wilson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lawrence P Bancroft (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Keith Shoates (Chief Operating Officer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.studentfreedominitiative.org

    Where can I find the form 990 for Student Freedom Initiative Inc?

    The Student Freedom Initiative Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.studentfreedominitiative.org

    Learn more at the official website: www.studentfreedominitiative.org

    Mission Statement of Student Freedom Initiative Inc

    The Student Freedom Initiative is a 501(c)(3) nonprofit organization, committed to securing professional and life choices for students enrolled in Minority Serving Institutions (MSIs). This initiative prioritizes the freedom of students from the burden of overwhelming student debt, a common issue faced by many young men and women attending historically black colleges and universities. In simple terms, the Student Freedom Initiative serves as an alternative student-centric funding source for education expenses, acting as a viable option to high-interest loans. Through this approach, the organization aims to provide students with the resources and financial flexibility to make informed decisions about their future careers and personal growth, thereby enhancing their overall college experience. By focusing on the unique needs of students attending MSIs, the Student Freedom Initiative plays a vital role in empowering the next generation of diverse leaders and innovators, ensuring their academic journeys are not hindered by financial constraints.

    Impact

    This information is meant to be a general summary of Student Freedom Initiative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Student Freedom Initiative Inc's impact is significant in addressing the overwhelming student debt faced by many 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, they are ensuring freedom in professional and life choices for students attending minority serving institutions. This initiative is making higher education more accessible and affordable for individuals who might not have had the same opportunities otherwise.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $194,056
  • Program Service Revenue: $1,796,280
  • Gross Receipts: $51,574,339

    • Assets and Liabilities:
  • Total Assets: $132,770,538
  • Total Liabilities: $181,535
  • Net Assets: $132,589,003
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    STUDENT FREEDOM AGREEMENT

    Revenue

    $1,796,280

    Organization Details

    Founding Year

    2020

    Principal Officer

    Mark Brown

    Main Address

    633 PENNSYLVANIA AVE NW 5TH FL, WASHINGTON, DC, 20004

    NTEE Category

    Code: B82 - Education

    If you are a representative of Student Freedom Initiative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.