Nonprofit · EIN 30-0805768
FREEDOM FUND
Tax-exempt · BROOKLYN, NY 11217
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $19,705,081 | $22,789,774 | -$3,084,693 | $37,919,285 | $1,529,502 | $36,389,783 |
| December 31, 2023 | 990 | $16,745,454 | $22,499,766 | -$5,754,312 | $40,897,993 | $1,443,911 | $39,454,082 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $17,853,689
- of which government grants
- $4,434,444
- Program service revenue
- $0
- Investment income
- $1,797,723
- Net gain from sales of assets
- $624,166
- Other revenue
- $53,669
Expenses
- Grants and similar amounts paid
- $10,847,966
- Compensation of officers, directors and key employees
- $733,394
- Other salaries and wages
- $4,232,814
- Salaries, compensation and benefits (total)
- $6,135,913
- Professional fundraising fees
- $0
- Legal fees
- $40,271
- Accounting fees
- $111,468
- Occupancy
- $256,976
- Travel
- $601,702
- Depreciation
- $89,500
- Program services (functional)
- $17,633,536
- Management and general (functional)
- $2,653,987
- Fundraising (functional)
- $2,502,251
Balance sheet and other
- Total assets, start of year
- $40,897,993
- Total assets, end of year
- $37,919,285
- Total liabilities, end of year
- $1,529,502
- Net assets, end of year
- $36,389,783
- Land, buildings and equipment
- $45,330
- Publicly traded securities
- $21,544,464
- Net assets without donor restrictions
- $34,389,203
- Net assets with donor restrictions
- $2,000,580
- Gross receipts
- $72,814,621
- Employees
- 10
- Volunteers
- 7
- Year formed
- 2013
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NICHOLAS GRONO | CEO/PRESIDENT Officer | 40 | $272,475 | $77,726 |
| AMY RAHE | MANAGING DIRECTOR OF NORTH AMERICA Key employee | 40 | $202,358 | $31,466 |
| DANIELLE STOUCK | SENIOR STRATEGIC PARTNERSHIPS MANAGER Highest-paid employee | 40 | $106,762 | $50,448 |
| DAN VEXLER | MANAGING DIRECTOR OF PROGRAMS Highest-paid employee | 40 | $139,011 | $13,947 |
| ERIN PHELPS | SENIOR ADVISER TO THE CEO Highest-paid employee | 40 | $126,047 | $25,302 |
| ZOE MARSHALL | DIR. OF FINANCE/SECRETARY Officer | 40 | $135,806 | $13,593 |
| HAVOVI WADIA | DIRECTOR OF PROGRAMS Highest-paid employee | 40 | $116,927 | $11,707 |
| YUKI LO | HEAD OF RESEARCH AND EVALUATION Highest-paid employee | 40 | $107,697 | $10,592 |
| MOLLY GOCHMAN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SHRUTI CHANDRASEKHAR | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| NATASHA DOLBY | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MICHELLE YUE | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| ANDRE DOUST | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MAHENDRA PANDEY | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| KATHARINE BRYANT | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NICHOLAS GRONO | CEO/PRESIDENT Officer | 40 | $271,557 | $65,053 |
| AMY RAHE | MANAGING DIRECTOR OF NORTH AMERICA Key employee | 40 | $208,187 | $31,522 |
| DAN VEXLER | MANAGING DIRECTOR OF PROGRAMS Highest-paid employee | 40 | $134,956 | $13,397 |
| ZOE MARSHALL | DIR. OF FINANCE/SECRETARY Officer | 40 | $130,112 | $12,984 |
| ERIN PHELPS | SENIOR ADVISER TO THE CEO Highest-paid employee | 40 | $116,040 | $23,686 |
| HAVOVI WADIA | DIRECTOR OF PROGRAMS Highest-paid employee | 40 | $111,303 | $11,107 |
| YUKI LO | HEAD OF RESEARCH AND EVALUATION Highest-paid employee | 40 | $102,944 | $10,008 |
| ALAN MCCORMICK THRU NOV | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| FELICITY GOODING THRU NOV | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| NATASHA DOLBY | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MOLLY GOCHMAN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| GRACE FORREST THRU NOV | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| PHILIPPE SION THRU NOV | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MAHENDRA PANDEY | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| ANDREW DOUST | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| KATHARINE BRYANT FROM NOV | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 315 FLATBUSH AVENUE 406, BROOKLYN, NY 11217-2813
- In care of
- % HUMANITY UNITED
- Principal officer (990 for 2024)
- NICHOLAS GRONO, 315 FLATBUSH AVENUE 406, BROOKLYN, NY 11217
- Signed the 990
- JENNY JONES, DIRECTOR OF FINANCE/OPERATIONS
- Phone
- (929) 224-2448
- Website
- FREEDOMFUND.ORG
- Return prepared by
- WEGNER CPAS LLP
Mission
WE IDENTIFY AND INVEST IN THE MOST EFFECTIVE FRONTLINE EFFORTS TO ERADICATE MODERN SLAVERY IN THE COUNTRIES AND SECTORS WHERE IT IS MOST PREVALENT. PARTNERING WITH VISIONARY INVESTORS, GOVERNMENTS, ANTI-SLAVERY ORGANIZATIONS AND THOSE AT RISK OF EXPLOITATION, WE TACKLE THE SYSTEMS THAT ALLOW SLAVERY TO PERSIST AND THRIVE. WORKING TOGETHER, WE PROTECT VULNERABLE POPULATIONS, LIBERATE AND REINTEGRATE THOSE ENSLAVED AND PROSECUTE THOSE RESPONSIBLE.
Program accomplishments
- HOTSPOTS PROJECTS: THE FREEDOM FUND HAS SELECTED KEY GEOGRAPHIC AREAS KNOWN TO HAVE A HIGH INCIDENCE OF MODERN SLAVERY, WHERE OUR INTERVENTIONS ARE MOST LIKELY TO RESULT IN A MEASURABLE REDUCTION IN SLAVERY. IN OUR HOTSPOT PROJECTS, WE INVEST IN A RANGE OF COMMUNITY-BASED ORGANIZATIONS TO ENABLE THEM TO PROTECT THOSE AT RISK OF SLAVERY, RESCUE AND REHABILITATE THOSE ENSLAVED, AND PROSECUTE THOSE RESPONSIBLE. THESE HOTSPOT PROJECTS ENCOURAGE COOPERATION BETWEEN LOCAL GRASSROOTS ORGANIZATIONS AND ENSURE AN INTEGRATED, CROSS-DISCIPLINARY APPROACH.Expenses $11,149,470 · grants $7,443,338
- MOVEMENT BUILDING: ORGANIZATIONS AROUND THE WORLD ARE DOING EXCEPTIONAL WORK TO ERADICATE SLAVERY BUT, TOO OFTEN, THESE EFFORTS ARE FRAGMENTED AND UNDERFUNDED. WE AIM TO BUILD A GLOBAL COMMUNITY OF ACTIVISTS, EXPERTS AND DONORS BY PROVIDING THE PLATFORM, KNOWLEDGE, AND TOOLS FOR THEM TO CONNECT AND WORK TOGETHER MORE EFFECTIVELY OVER A SUSTAINED PERIOD. WE USE OUR GLOBAL LEADERSHIP ROLE, AND THE CREDIBILITY CONFERRED BY THE BACKING OF OUR FOUNDERS, TO BRING ACTORS TOGETHER AND ENCOURAGE GREATER COLLABORATION AND COORDINATION.Expenses $3,376,854 · grants $1,872,666
- GLOBAL INITIATIVES: OUR SECTOR INITIATIVES COORDINATE ACTORS AND RESOURCES AROUND A SLAVERY-SPECIFIC ISSUE, INCLUDING SECTORS, INDUSTRIES, OR CIRCUMSTANCES. THIS ALLOWS THE FREEDOM FUND TO TACKLE SYSTEMIC ISSUES LIKE SLAVERY IN FISHING OR CROSS-BORDER MIGRATION WITH NEW TECHNOLOGICAL TOOLS OR LEGAL INITIATIVES. IT FACILITATES A COLLABORATIVE APPROACH AND GREATER COMBINED IMPACT. THE FREEDOM FUND PROVIDES A CHANNEL THROUGH WHICH THOSE WITH FUNDS, KNOWLEDGE, OR INFLUENCE CAN IMPACT INTERNATIONAL ORGANIZATIONS, GOVERNMENTS, MEDIA AND THE CORPORATE SECTOR TO SPEED ACTION.Expenses $2,036,705 · grants $1,306,356
- QUALITY AND LEARNINGExpenses $1,070,507 · grants $225,606
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 30-0805768
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $37,919,285
- Income (IRS master file)
- $72,814,621
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $19,705,081 | $22,789,774 | $37,919,285 | XML |
| 990 | December 2023 | $16,745,454 | $22,499,766 | $40,897,993 | XML |
| 990 | December 2022 | $13,472,289 | $19,583,402 | $45,895,614 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 30-0805768).
Questions about FREEDOM FUND
- What is the EIN of FREEDOM FUND?
- The employer identification number (EIN) of FREEDOM FUND is 30-0805768.
- Is FREEDOM FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to FREEDOM FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FREEDOM FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FREEDOM FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FREEDOM FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FREEDOM FUND?
- The 990 for the year ended December 31, 2024 names NICHOLAS GRONO.
- Who are the officers and directors of FREEDOM FUND?
- The 990 for the year ended December 31, 2024 lists 15 people; 8 received compensation from the organization, the highest $272,475 (NICHOLAS GRONO, CEO/PRESIDENT).
- How much revenue does FREEDOM FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $19,705,081, expenses of $22,789,774 and total assets of $37,919,285 at year end.
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