FREE PRESS

EIN: 412106721 501(c)(3) Arts, Culture & Humanities

WASHINGTON, DC

Total Revenue
$8,769,507
Total Expenses
$8,725,813
Total Assets
$11,235,662
Net Assets
$10,568,497
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
DC
Principal Officer
KIMBERLY LONGEY
Phone
2022651490
Tax Period
2025-01-01 to 2025-12-31

FREE PRESS, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.8M in total revenue in fiscal year 2025. Revenue surged 50% from the prior year, signaling strong growth momentum.

Mission

FREE PRESS IS A NATIONAL, NONPARTISAN ORGANIZATION WORKING TO REFORM THE MEDIA. FREE PRESS CONDUCTS RESEARCH ON HOW THE CURRENT MEDIA SYSTEM INFLUENCES THE DEVELOPMENT OF PUBLIC POLICY AND EDUCATES THE PUBLIC AND POLICY-MAKERS ON HOW A MORE DIVERSE AND PUBLIC SERVICE-ORIENTED MEDIA SYSTEM CAN STRENGTHEN AMERICAN DEMOCRACY. FREE PRESS PROMOTES DIVERSE AND INDEPENDENT MEDIA OWNERSHIP, STRONG PUBLIC MEDIA AND UNIVERSAL ACCESS TO COMMUNICATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $8,401,193
Program Service Revenue $32,750
Investment Income $335,564
Other Revenue $0
TOTAL REVENUE $8,769,507

Expense Breakdown

Grants Paid $1,583,000
Salaries & Benefits $5,323,092
Fundraising Expenses $727,158
Program Expenses $7,575,601
Other Expenses $1,819,721
TOTAL EXPENSES $8,725,813

Year-over-Year Comparison

2025 2024 Change
Revenue $8,769,507 $5,837,022 +0.5%
Expenses $8,725,813 $7,341,969 +0.2%
Net Income $43,694 $-1,504,947 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
5
Employees
43
Volunteers
7356

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
6
$627,168
Total Directors
6
$215,525
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG AARON PRESIDENT, CO-CEO 34.00
Officer Director
$155,324 $32,791 $215,525
VANESSA CARDENAS DIRECTOR 1.00
Director
$0 $0 $0
HENRY FERNANDEZ DIRECTOR 1.00
Officer Director
$0 $0 $0
VICTOR PICKARD DIRECTOR, CHAIR 1.00
Officer Director
$0 $0 $0
HEIDI BEIRICH DIRECTOR 1.00
Director
$0 $0 $0
MARTHA FUENTES-BAUTISTA DIRECTOR 1.00
Officer Director
$0 $0 $0
KIMBERLY LONGEY COO/CFO, ASST. TREASURER, ASST. SECRETARY 37.00
Officer
$165,264 $22,122 $199,825
JESSICA GONZALEZ CO-CEO 34.00
Officer
$161,064 $22,331 $211,818
MATTHEW WOOD VICE PRESIDENT OF POLICY AND GENERAL COUNSEL 33.00
Highest
$144,969 $31,653 $208,445
MISTY PEREZ TRUEDSON CHIEF OF STAFF 39.00
Highest
$170,312 $31,372 $205,160
NORA BENAVIDEZ SENIOR COUNSEL AND DIRECTOR, DIGITAL JUSTICE AND C 39.00
Highest
$136,740 $18,970 $159,939
DUTCH COSIMAN SENIOR PRODUCT DIRECTOR 40.00
Highest
$140,287 $16,635 $156,922
CANDACE CLEMENT MANAGING DIRECTOR 40.00
Highest
$135,635 $30,227 $180,933
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
2025 $8,769,507 $8,725,813 $11,235,662 $43,694
2024 $5,837,022 $7,341,969 $11,404,620 $-1,504,947
2023 $8,915,775 $6,512,640 $13,125,528 $2,403,135
2022 $10,157,505 $5,255,618 $10,689,315 $4,901,887
2021 $3,064,544 $4,562,115 $5,225,748 $-1,497,571
2020 $6,325,612 $4,161,139 $6,868,412 $2,164,473
2019 $4,674,603 $4,555,721 $4,545,191 $118,882
2018 $1,995,817 $4,177,363 $4,481,168 $-2,181,546
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