Overview

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Est.

2022

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Freedom Equity Inc is a community development financial institution focused on urban development in Central Ohio, dedicated to improving the accessibility and affordability of capital for black-owned small businesses. With an operating budget of $1.4 million and total revenue of $2.8 million for the filing year 2024, the organization is supported by multiple funders, none of which contribute 50% or more of its revenue. For more information, visit their website at www.freedomequity.org.

Mission Statement

Community development financial institution that is an alternate lender for black-owned small businesses in Central Ohio to improve the accessibility and affordability of capital.
Revenues
$2.8M
Expenses
$1.4M
Net Income:
+$1.3M
Assets
$3.6M
Liabilities
$2M
Net Assets:
+$1.6M
Operating Budget
$1.4M
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
4
Median grant size
$64.7K
Largest grant received
$500K
J
Jennifer Averi Frost
Board Member
C
Courtnee Hawkins
Board Member
A
Aneeka Bashir
Board Member

Frequently Asked Questions

What is Freedom Equity Inc’s budget?
In 2024, Freedom Equity Inc reported an annual operating budget of around $1.4 million. More detailed financial information is available to registered users.
What causes does Freedom Equity Inc support?
Freedom Equity Inc supports work in Urban development.
Where does Freedom Equity Inc operate?
Freedom Equity Inc is headquartered in Columbus, OH.
Who funded Freedom Equity Inc recently?
In 2024, Freedom Equity Inc received grants from JPMORGAN CHASE FOUNDATION, COLUMBUS FOUNDATION, and TRUIST FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant Freedom Equity Inc received in 2024?
The largest grant to Freedom Equity Inc in 2024 exceeds $500 thousand.