THE FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY

EIN: 812699310 501(c)(3) Community Improvement

AUSTIN, TX

Total Revenue
$3,078,799
Total Expenses
$2,550,142
Total Assets
$854,952
Net Assets
$854,952
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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
2016
Legal Domicile
TX
Principal Officer
AKASH CHOUGULE
Phone
5128401491
Tax Period
2024-01-01 to 2024-12-31

THE FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $3.1M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $529K, a strong 17% operating margin.

Mission

THE FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY SEEKS TO EXPAND ECONOMIC OPPORTUNITY TO THOSE WHO LEAST HAVE IT, USING THE TOOLS OF INDIVIDUAL LIBERTY, FREE ENTERPRISE, TECHNOLOGICAL INNOVATION, AND PLURALISM. FREOPP DEPLOYS THE NATION'S LEADING PUBLIC POLICY SCHOLARS TO SERVE THE MISSION. ALL RESEARCH CONDUCTED BY FREOPP CONSIDERS THE IMPACT OF PUBLIC POLICIES AND PROPOSED REFORMS ON THOSE WITH INCOMES OR WEALTH BELOW THE U.S. MEDIAN.

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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 $2,815,370
Program Service Revenue $0
Investment Income $1
Other Revenue $263,428
TOTAL REVENUE $3,078,799

Expense Breakdown

Grants Paid $0
Salaries & Benefits $858,883
Fundraising Expenses $142,735
Program Expenses $1,979,340
Other Expenses $1,691,259
TOTAL EXPENSES $2,550,142

Year-over-Year Comparison

2024 2023 Change
Revenue $3,078,799 $3,248,169 -0.1%
Expenses $2,550,142 $2,662,441 0.0%
Net Income $528,657 $585,728 -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
6
Independent Members
6
Employees
5
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
2
$298,522
Total Directors
7
$298,522
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMES BROWN BOARD MEMBER 2.00
Officer Director
$0 $0 $0
AVIK ROY PRESIDENT / BOARD MEMBER 40.00
Officer Director
$287,536 $10,986 $298,522
LANHEE CHEN BOARD MEMBER 2.00
Director
$0 $0 $0
VIVEK RAMASWAMY BOARD MEMBER 2.00
Director
$0 $0 $0
JONATHAN BUSH CHAIRMAN OF THE BOARD 5.00
Director
$0 $0 $0
MICHAEL MILTENBERGER BOARD MEMBER 2.00
Director
$0 $0 $0
FRANK LAUKIEN BOARD MEMBER 2.00
Director
$0 $0 $0
REBECCA ATWOOD VICE PRESIDENT 40.00
Highest
$103,377 $5,419 $108,796
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 $3,078,799 $2,550,142 $854,952 $528,657
2023 $3,248,169 $2,662,441 $1,772,889 $585,728
2022 $2,038,270 $1,765,451 $912,359 $272,819
2021 $1,480,083 $1,109,295 $624,869 $370,788
2020 $987,673 $946,938 $226,391 $40,735
2019 $827,231 $832,824 $158,479 $-5,593
2018 $388,644 $716,369 $232,549 $-327,725
2017 $743,010 $382,325 $487,396 $360,685
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