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 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.

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
$689,000 7 grants
General Support
$455,000 9 grants
GENERAL SUPPORT 2018
$270,000 1 grant
GENERAL SUPPORT 2024
$175,000 1 grant
GENERAL SUPPORT 2023
$170,000 1 grant

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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