Public Charity

THE FREE STATE FOUNDATION INC

Based in POTOMAC, MD, THE FREE STATE FOUNDATION INC operates as a Public Charity. The organization reported $1.1M in revenue, $1.3M in expenses, $3.7M in total assets for fiscal year 2024. Imperigo tracks 22 reported grant relationships connected to this organization totaling approximately $2.2M.

EIN: 743160646 POTOMAC, MD Education N.E.C. NTEE: B99 Latest filing: 2024
Total Revenue$1.1M
Total Expenses$1.3M
Total Assets$3.7M
Grant Records22
Funding Total$2.2M
Filing Years2020–2024

Mission

THE FREE STATE FOUNDATION'S PRIMARY PURPOSE IS TO PROMOTE, THROUGH RESEARCH AND EDUCATIONAL ACTIVITIES, UNDERSTANDING OF FREE MARKET, LIMITED GOVERNMENT, AND RULE OF LAW PRINCIPLES AT THE FEDERAL LEVEL AND IN MARYLAND. THE FOUNDATION FOCUSES ON EDUCATING POLICYMAKERS, OPINION LEADERS, THE PRESS, AND THE GENERAL PUBLIC CONCERNING THE NEED TO ELIMINATE UNNECESSARY AND COUNTERPRODUCTIVE REGULATORY MANDATES, ESPECIALLY THOSE APPLICABLE TO THE COMMUNICATIONS AND OTHER HIGH-TECH INDUSTRIES, AND ON REDUCING OVERLY BURDENSOME TAXES, PROTECTING INDIVIDUAL RIGHTS, ECONOMIC LIBERTY, AND PROPERTY RIGHTS, AND MAKING GOVERNMENT MORE EFFECTIVE, EFFICIENT, AND ACCOUNTABLE.

Where $100 goes at The Free State Foundation Inc

How The Free State Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.

$88 Programs the work itself
$9 Management running the organization
$3 Fundraising raising the next dollar

Inside the $88 for programs

$87
Communications law and reform project
99% of program spending
$1
Maryland government law and reform project
1% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

SENIOR FELLOW Andrew Long
BOARD MEMBER Kenneth Howard
SECRETARY/TREASURER Laurie J May
PRESIDENT Randolph J May
DIRECTOR OF POLICY STUDIES Seth Cooper
BOARD MEMBER Thomas Tauke

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$2,194,000 22 grants

Financial Trends

Year Revenue Expenses Assets
2024 $1.1M $1.3M $3.7M
2023 $1.3M $1.2M $3.7M
2022 $1.2M $1.2M $3.3M
2020 $1.1M $1000K $3.7M

Between 2020 and 2024, reported annual revenue held roughly steady at around $1.1M, with total assets most recently reported at $3.7M.

Interactive year-over-year charts and full filing details available with membership.

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