Overview

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Est.

2005

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

THE FREE STATE FOUNDATION INC is an education-focused nonprofit that promotes free market, limited government, and rule of law principles through research and educational activities, with an emphasis on Maryland and the federal level. In FY 2024, it operated on a $1.3M budget and reported $1.1M in revenue; its funding included support from NCTA - THE INTERNET & TELEVISION ASSOCIATION, MYWIRELESSORG, and Motion Picture Association Inc.

Mission Statement

THE 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 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.
Revenues
$1.1M
Expenses
$1.3M
Net Income:
-$219.6K
Assets
$3.7M
Liabilities
$83.4K
Net Assets:
+$3.6M
Operating Budget
$1.3M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
5
Median grant size
$50K
Largest grant received
$175K
R
Randolph J May
Board Member
L
Laurie J May
Board Member
T
Thomas Tauke
Board Member
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Frequently Asked Questions

What is THE FREE STATE FOUNDATION INC’s budget?
In 2024, THE FREE STATE FOUNDATION INC reported an annual operating budget of around $1.3 million. More detailed financial information is available to registered users.
What causes does THE FREE STATE FOUNDATION INC support?
THE FREE STATE FOUNDATION INC supports work in Education.
Where does THE FREE STATE FOUNDATION INC operate?
THE FREE STATE FOUNDATION INC is headquartered in Potomac, MD.
Who funded THE FREE STATE FOUNDATION INC recently?
In 2024, THE FREE STATE FOUNDATION INC received grants from NCTA - THE INTERNET & TELEVISION ASSOCIATION, MYWIRELESSORG, and Motion Picture Association Inc. More information on this organization’s funders is available to registered users.
What is the largest grant THE FREE STATE FOUNDATION INC received in 2024?
The largest grant to THE FREE STATE FOUNDATION INC in 2024 exceeds $175 thousand.