FREEMAN EDUCATIONAL FOUNDATION #2113

EIN: 746149527 501(c)(3) Philanthropy & Grantmaking

SAN ANTONIO, TX

Total Revenue
$2,109,567
Total Expenses
$1,344,485
Total Assets
$36,421,297
Net Assets
$29,384,089
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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
1973
Legal Domicile
TX
Principal Officer
DEBBIE BROEMSEN
Phone
2102204438
Tax Period
2023-11-01 to 2024-10-31

FREEMAN EDUCATIONAL FOUNDATION #2113, founded in 1973, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.1M in total revenue in fiscal year 2023. The organization ran a surplus of $765K, a strong 36% operating margin.

Mission

ONE OF THE PURPOSES OF THIS TRUST IS TO ASSIST DESERVING BOYS AND GIRLS OF GOOD CHARACTER WHO ARE IN NEED OF ASSISTANCE AND WHO ARE CITIZENS OF BOTH THE STATE OF TEXAS AND THE UNITED STATES IN OBTAINING A COLLEGE EDUCATION IN COLLEGES OR UNIVERSITIES IN THE STATE OF TEXAS. THE OTHER PURPOSE OF THIS TRUST IS TO ASSIST THE CHARITABLE ORGANIZATIONS SET FORTH IN THE TRUST DOCUMENT.

Program Service Accomplishments

Program 1
Expenses: $85,939

AMERICAN CANCER SOCIETY

Program 2
Expenses: $85,939

AMERICAN HEART ASSOCIATION

Program 3
Expenses: $85,939

JEWISH FEDERATION OF SAN ANTONIO

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $2,109,567
Other Revenue $0
TOTAL REVENUE $2,109,567

Expense Breakdown

Grants Paid $969,080
Salaries & Benefits $217,031
Fundraising Expenses $0
Program Expenses $1,203,136
Other Expenses $158,374
TOTAL EXPENSES $1,344,485

Year-over-Year Comparison

2023 2022 Change
Revenue $2,109,567 $2,114,677 0.0%
Expenses $1,344,485 $1,236,657 +0.1%
Net Income $765,082 $878,020 -0.1%
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
1
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FROST BANK TRUSTEE DEBBIE BROEMSEN, ADMINISTRATOR 40.0
$217,031 $0 $217,031
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 No data No data No data No data
2024 $2,109,567 $1,344,485 $36,421,297 $765,082
2023 $2,114,677 $1,236,657 $35,850,106 $878,020
2022 $2,698,949 $1,304,472 $27,739,289 $1,394,477
2021 $691,470 $1,034,410 $26,344,812 $-342,940
2020 $9,315,862 $1,301,554 $26,687,752 $8,014,308
2019 $856,849 $919,750 $18,673,440 $-62,901
2018 $2,129,241 $906,957 $18,736,339 $1,222,284
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