Overview
What is The Free State Foundation Inc?
The Free State Foundation Inc, located in Potomac, Maryland, is a nonprofit organization dedicated to promoting free market, limited government, and rule of law principles at both federal and state levels. Their primary focus lies in educating policymakers, opinion leaders, the press, and the general public on the importance of eliminating unnecessary and counterproductive regulatory mandates, particularly those affecting communications and high-tech industries. They strive to reduce overly burdensome taxes, protect individual rights, economic liberty, and property rights, and advocate for making government more effective, efficient, and accountable. In pursuit of this mission, they conduct extensive research and publish scholarly studies, engage with major national publications, file public comments in agency rulemaking proceedings, and organize educational events, such as their annual telecom policy conference. These events are open to the public and widely covered in the press, with proceedings made available for public viewing.
Official website here: www.freestatefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Free State Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a perfect score in several categories, the organization demonstrates a commitment to transparency and responsible financial management, which is crucial for donor trust and support.
The foundation's board is primarily independent, with 60% of its members meeting this criterion, ensuring diverse oversight. Additionally, it has established comprehensive policies on conflict of interest, whistleblower protection, and document retention, reinforcing its commitment to ethical governance. Its program expense ratio is notably high at 88.40%, indicating that a significant portion of its resources is directed towards its mission-related activities.
While the data presented highlights the foundation's strengths in governance and financial health, it is essential for potential donors to continuously monitor its activities and impact. Overall, The Free State Foundation Inc showcases a strong commitment to accountability, making it a reliable choice for philanthropic support.
This AI summary has been generated from information found on Charity Navigator.
Is The Free State Foundation Inc legitimate?
The Free State Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Free State Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $474,928
Professional Fundraising Fees: $0
Other Salaries and Wages: $454,371
For more financial information, click here
Official website here: www.freestatefoundation.org
What is the mission statement of The Free State Foundation Inc?
The Free State Foundation Inc's primary mission is to promote the understanding of free market, limited government, and rule of law principles. This is achieved through research and educational activities, targeting policymakers, opinion leaders, the press, and the general public. The organization emphasizes the need to eliminate unnecessary and counterproductive regulatory mandates, particularly in the communications and high-tech industries. Additionally, they advocate for reducing burdensome taxes, protecting individual rights, economic liberty, and property rights. The foundation also strives to make government more effective, efficient, and accountable.
Official website here: www.freestatefoundation.org
Who is the CEO of The Free State Foundation Inc?
Randolph J May is the President of The Free State Foundation Inc.
Official website here: www.freestatefoundation.org
What is the revenue of The Free State Foundation Inc?
The Free State Foundation Inc's revenue in 2022 was $1,219,957.
Official website here: www.freestatefoundation.org
Who are the executives of The Free State Foundation Inc and what are their salaries?
The average compensation at The Free State Foundation Inc during 2022 was $185,860. There are 5 employees at The Free State Foundation Inc.
Here are 7 key members and their salaries:
- Compensation: $362,694
- Related: $0
- Other: $37,654
- Compensation: $112,234
- Related: $0
- Other: $11,779
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $146,778
- Related: $0
- Other: $19,050
- Compensation: $211,950
- Related: $0
- Other: $28,095
Official website here: www.freestatefoundation.org
Where can I find the form 990 for The Free State Foundation Inc?
The Free State Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.freestatefoundation.org
Learn more at the official website: www.freestatefoundation.org
Mission Statement of The Free State Foundation Inc
The Free State Foundation, in its mission, strives to advocate for the understanding of free market, limited government, and rule of law principles at both the federal level and in the state of Maryland. The organization focuses on educating policymakers, opinion leaders, the press, and the general public on the importance of eliminating unnecessary and counterproductive regulatory mandates, particularly those applicable to the communications and other high-tech industries. Additionally, The Free State Foundation works towards reducing overly burdensome taxes, protecting individual rights, economic liberty, and property rights. The ultimate goal is to make government more effective, efficient, and accountable. Through its research and educational activities, The Free State Foundation aims to influence policy decisions and foster a more free and prosperous society.
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Impact
July, 2024
The Free State Foundation Inc's impact is significant in promoting understanding of free market, limited government, and rule of law principles at both the federal level and in Maryland. Through its research and educational activities, the foundation plays a crucial role in educating policymakers, opinion leaders, the press, and the general public on the need to eliminate unnecessary and counterproductive regulatory mandates, particularly in industries such as communications and high-tech. Additionally, the foundation works towards reducing burdensome taxes, protecting individual rights, economic liberty, property rights, and advocating for more effective, efficient, and accountable government.
Specifically, The Free State Foundation's Communications Law and Reform Project aims to adapt communications and internet law and policy to the dynamic technological and competitive realities of the digital age. In 2022 alone, the foundation published numerous articles and scholarly studies, produced blogs, filed substantive public comments with various agencies, and held events like the annual Telecom Policy Conference and webinars on hot topics in copyright law. These activities have led to the foundation being quoted in major national publications, attracting distinguished speakers, reaching a wide audience, and contributing to discussions on critical policy issues.
This information is meant to be a general summary of The Free State Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $52,792
- Gross Receipts: $1,429,547
Assets and Liabilities:
- Total Assets: $3,306,788
- Total Liabilities: $74,965
- Net Assets: $3,231,823
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Organization Details
Founding Year
2005
Phone
(301) 299-3182Principal Officer
Randolph J May
Main Address
10701 STAPLEFORD HALL DRIVE, POTOMAC, MD, 20854
Website
www.freestatefoundation.orgNTEE Category
Code: B99 - Education
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