FOUNDATION FOR AMERICAN FREEDOM

EIN: 465511681 501(c)(3) Unknown

ALEXANDRIA, VA

Total Revenue
$10,045,000
Total Expenses
$9,892,377
Total Assets
$152,100
Net Assets
$152,100
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
DE
Principal Officer
KELLY LINDQUIST RAY
Phone
7276230934
Tax Period
2024-01-01 to 2024-12-31

FOUNDATION FOR AMERICAN FREEDOM, founded in 2014, is a mid-sized nonprofit in the Unknown sector that reported $10.0M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum.

Mission

FOUNDATION FOR AMERICAN FREEDOM FUNDS, PROMOTES, SPONSORS, AND FACILITATES INDEPENDENT NONPARTISAN EDUCATIONAL AND RELATED ACTIVITIES DEDICATED TO IMPROVING THE LIVES OF AMERICANS.

Program Service Accomplishments

Program 1
Expenses: $9,804,475

PROVIDED GRANTS SUPPORTING INVESTIGATIVE JOURNALISM TO EDUCATE THE PUBLIC, HELPING AMERICANS BETTER UNDERSTAND THE ACTIONS OF THEIR ELECTED OFFICIALS AND THE STATE OF THEIR DEMOCRACY AND CULTURE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,045,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $10,045,000

Expense Breakdown

Grants Paid $9,797,500
Salaries & Benefits $60,000
Fundraising Expenses $3,488
Program Expenses $9,804,475
Other Expenses $34,877
TOTAL EXPENSES $9,892,377

Year-over-Year Comparison

2024 2023 Change
Revenue $10,045,000 $6,950,000 +0.4%
Expenses $9,892,377 $6,995,294 +0.4%
Net Income $152,623 $-45,294 -4.4%
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

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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
4
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$60,000
Total Directors
4
$60,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY LINDQUIST RAY PRESIDENT 1.00
Officer Director
$30,000 $0 $30,000
EMILY MACLEAN SECRETARY/TREASURER 10.00
Officer Director
$30,000 $0 $30,000
JAIME SNEIDER DIRECTOR 1.00
Director
$0 $0 $0
MARY KATHARINE FOUNTAIN DIRECTOR 1.00
Director
$0 $0 $0
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
2024 $10,045,000 $9,892,377 $152,100 $152,623
2023 $6,950,000 $6,995,294 $3,885 $-45,294
2022 $5,895,500 $6,219,362 $154,909 $-323,862
2021 $6,195,500 $6,019,478 $368,633 $176,022
2020 $5,330,500 $5,568,874 $262,611 $-238,374
2019 $5,470,000 $5,264,074 $430,986 $205,926
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