FREEDOMS JOURNAL INSTITUTE FOR THE STUDY POLICY

EIN: 274681473 501(c)(3) Civil Rights & Advocacy

FLOSSMOOR, IL

Total Revenue
$353,538
Total Expenses
$404,475
Total Assets
$13,544
Net Assets
$-19,551
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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
IL
Principal Officer
DR ERIC WALLACE
Phone
7086759669
Tax Period
2022-01-01 to 2022-12-31

FREEDOMS JOURNAL INSTITUTE FOR THE STUDY POLICY, founded in 2011, is a small nonprofit in the Civil Rights & Advocacy sector that reported $354K in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $404K exceeded revenue, resulting in a 14% operating deficit.

Mission

WE SEEK TO ADVANCE THE KINGDOM OF GOD THROUGH SOCIOPOLITICAL EDUCATION AND ENGAGEMENT THROUGH THE CREATION OF VIDEOS, ARTICLES, INTERVIEWS AND PODCAST-STYLE PUBLICATIONS. WE AIM TO CREATE A PARADIGM SHIFT IN THE WAY PEOPLE VIEW MATTERS OF FAITH, RACE, AND PUBLIC POLICY.

Program Service Accomplishments

Program 1
Expenses: $93,495

FREEDOM'S JOURNAL INSTITUTE BEGAN HOSTING THE BCS IN 2013. WE HOSTED FOUR OF THEM BEFORE COVID. WE BELIEVED WE SHOULD DO IT AGAIN. ONE OF OUR MAIN OBJECTIVES WAS TO LET BLACK CONSERVATIVES REALIZE...

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FREEDOM'S JOURNAL INSTITUTE BEGAN HOSTING THE BCS IN 2013. WE HOSTED FOUR OF THEM BEFORE COVID. WE BELIEVED WE SHOULD DO IT AGAIN. ONE OF OUR MAIN OBJECTIVES WAS TO LET BLACK CONSERVATIVES REALIZE THEY WERE NOT ALONE, THUS MAKING IT EASIER TO SPEAK OUT ON ISSUES THAT CONCERNED US MOST. SECOND WAS TO MAKE IT EASIER FOR BLACK CONSERVATIVES TO COME OUT OF THE CLOSET, SPEAK OUT, AND VOTE FOR THEIR VALUES. IT WAS INITIALLY SCHEDULED FOR SEPTEMBER 2022, BUT WE RESCHEDULED IT FOR MARCH 2023 TO PROVIDE MORE TIME TO RAISE SPONSORSHIP SUPPORT, SELL TICKETS, AND MARKET THE SUMMIT. $56,750 OF THE EXPENSES INCLUDES THE EVENT PLANNING AND CONVENTION RENTAL SPCE FEES; $35,700 FOR VIDEO PRODUCTION COSTS AND THE REMAINDER AMOUNT FOR ADVERTISING AND CONTRACTOR EXPENSES.

Program 2
Expenses: $94,101

WE PRODUCED THE 3RD SEASON OF KINGDOMS IN KONFLICT WITH 13 NEW EPISODES. DR. ERIC WALLACE HOSTED IT. WE INTERVIEWED BISHOP E.W. JACKSON, FORMER ATTORNEY GENERAL OF INDIANA, CURTIS HILL, REV. WALTER...

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WE PRODUCED THE 3RD SEASON OF KINGDOMS IN KONFLICT WITH 13 NEW EPISODES. DR. ERIC WALLACE HOSTED IT. WE INTERVIEWED BISHOP E.W. JACKSON, FORMER ATTORNEY GENERAL OF INDIANA, CURTIS HILL, REV. WALTER HOYE, PIANIST HUNTLEY BROWN, KEN HAM, DR. DEWAYNE, MRS. JENNIFER WALLACE, TIM MAHONEY, WILL CROSSLEY AND PASTOR BOB BOUWER. SUBJECTS RANGED FROM BLACK FAMILIES MATTER, EDUCATION, IDOLATRY OF BLACKNESS, AND PERSONHOOD FOR BABIES IN THE WOMB TO ANSWERS IN GENESIS AND UNDERSTANDING THE OLD TESTAMENT. THE SHOW AIRS ON TLN, NRBTV AND ALL OF OUR APPS. IT WAS LIVED STREAMED ON FACEBOOK, YOUTUBE, OUR APPS AND OUR WEBSITE.

Program 3
Expenses: $37,989

PROTECT THE VOTE WAS A ONE-DAY CONFERENCE FEATURING FORMER ATTORNEY GENERAL OF INDIANA CURTIS HILL, THE HONORABLE KEN BLACKWELL, DR. ERIC M. WALLACE, MRS. JENNIFER WALLACE, HANS VON SPAKOVSKY OF THE...

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PROTECT THE VOTE WAS A ONE-DAY CONFERENCE FEATURING FORMER ATTORNEY GENERAL OF INDIANA CURTIS HILL, THE HONORABLE KEN BLACKWELL, DR. ERIC M. WALLACE, MRS. JENNIFER WALLACE, HANS VON SPAKOVSKY OF THE HERITAGE FOUNDATION, CAROL DAVIS, CHAIRMAN OF THE ILLINOIS CONSERVATIVE UNION, AND DEVON JONES. THE TOPICS WERE THE BIBLE AND GOVERNMENT, THE HISTORY OF VOTER ACCESS, VOTER ACCESS TODAY, THE HISTORY OF VOTER FRAUD, THE DEBATE ON VOTER ACCESS VS. VOTER INTEGRITY, ELECTION INTEGRITY TRAINING, AND THE NEED FOR POLL WATCHERS AND ELECTION JUDGES.NRB CONVENTION IS THE LARGEST CHRISTIAN MEDIA GATHERING IN THE USA. WE ATTENDED THE CONVENTION TO MARKET THE BLACK CONSERVATIVE SUMMIT AND KINGDOMS IN KONFLICT. WE WERE INTERVIEWED BY SEVERAL MEDIA ORGANIZATIONS AT THE CONFERENCE AND AFTERWARD. WE HELD A PRESS CONFERENCE TO TALK ABOUT THE BCS 2022 SUMMIT. WE BECAME MEMBERS IN GENERAL AND WERE ALSO ASKED TO JOIN THE PRESIDENT'S COUNCIL. WE'VE HAD SEVERAL RADIO, TV, PODCAST, AND MAGAZINE INTERVIEWS THROUGHOUT THE YEAR. WE'VE ALSO POSTED ARTICLES IN FREEDOM'S JOURNAL MAGAZINE FROM KEN BLACKWELL, DEAN NELSON, CURTIS HILL, JOHN STOSSEL, LARRY ELDER, PATRICK HALL, BEN SHAPIRO, KEVIN MCGARY, AND RAYNARD JACKSON, TO NAME A FEW.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $353,538
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $353,538

Expense Breakdown

Grants Paid $0
Salaries & Benefits $158,701
Fundraising Expenses $0
Program Expenses $225,585
Other Expenses $245,774
TOTAL EXPENSES $404,475

Year-over-Year Comparison

2022 2021 Change
Revenue $353,538 $303,488 +0.2%
Expenses $404,475 $232,990 +0.7%
Net Income $-50,937 $70,498 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
3
Employees
2
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$128,983
Total Directors
5
$128,983
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT FOSTER CHAIRMAN 8.00
Officer Director
$0 $0 $0
JENNIFER WALLACE CO-FOUNDER AND DIRECTOR 30.00
Officer Director
$48,609 $0 $48,609
CHRISTOPHER CARMOUCHE SECRETARY 2.00
Officer Director
$0 $0 $0
ROBERT MARTIN TREASURER 2.00
Officer Director
$0 $0 $0
DR ERIC M WALLACE CO-FOUNDER AND PRESIDENT 40.00
Officer Director
$80,374 $0 $80,374
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $353,538 $404,475 $13,544 $-50,937
2021 $303,488 $232,990 $71,017 $70,498
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