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FREEDOMS JOURNAL INSTITUTE FOR THE STUDY POLICY

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Tax-exempt status may be revoked

FREEDOMS JOURNAL INSTITUTE FOR THE STUDY POLICY

EIN 27-4681473 · Alliances & Advocacy - Civil Rights (R01)

What they do

IN 2024, FREEDOMS JOURNAL INSTITUTE HOSTED OUR FLAGSHIP EVENT, THE BLACK CONSERVATIVE SUMMIT, BRINGING TOGETHER LEADERS and ATTENDEES FROM ACROSS THE COUNTRY UNDER THE THEME "BLACK AMERICA AT A CROSSROADS: CULTURAL MARXISM VS. A BIBLICAL WORLDVIEW." THE EVENT FEATURED NATIONALLY RECOGNIZED SPEAKERS, INCLUDING KATIE GORKA, DELANO SQUIRES of THE HERITAGE FOUNDATION, DR. COREY BROOKS of PROJECT H.O.O.D., IAN ROWE of THE AMERICAN ENTERPRISE INSTITUTE, and BISHOP GARLAND HUNT, PRESIDENT of THE DOUGLAS LEADERSHIP INSTITUTE. A SPECIAL PASTORS PANEL EXAMINED THE STATE of THE BLACK CHURCH, WITH VOICES FROM CHURCHES NATIONWIDE CONTRIBUTING to THE DIALOGUE. THE SUMMITS SPECIAL GUESTS INCLUDED U.S. SENATOR TIM SCOTT of SOUTH CAROLINA and TODD RICKETTS, CO-OWNER of THE CHICAGO CUBS.

Before you give

Should I give to this charity?

Easy charity check
Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

6.61%of revenue went to mission work9.3% of expenses · Program services
$71.06spent for every $100 of revenueRevenue covered expenses this year.
$0.47in assets for every $1 spent this yearSome assets cannot be spent right away.
100.0%of its money came from giftsOther money may come from services or investments.

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  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $25,231 for DR ERIC M WALLACE (CO-FOUNDER AND PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$149,655
Mission workProgram services$9,8876.61% of revenue9.3% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$43,31128.94% of revenueShown in gray on the chart
Total expenses$106,34471.06% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Pause before giving. This filing reports that 0.0% of spending went to fundraising and 9.3% went to mission work. Ask the charity to explain these numbers and show recent results.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 9.3% mission · 0.0% management · 0.0% fundraisingTotal expenses: 71.06% of revenue
2023Expense mix: 14.1% mission · 0.0% management · 0.0% fundraisingTotal expenses: 102.10% of revenue
2022Expense mix: 55.8% mission · 44.2% management · 0.0% fundraisingTotal expenses: 114.41% of revenue
2021Expense mix: 47.1% mission · 51.6% management · 0.0% fundraisingTotal expenses: 76.77% of revenue
2020Expense mix: 29.4% mission · 0.0% management · 0.0% fundraisingTotal expenses: 191.15% of revenue
2019Expense mix: 56.2% mission · 0.0% management · 0.0% fundraisingTotal expenses: 100.00% of revenue
2018Expense mix: 23.5% mission · 0.0% management · 0.0% fundraisingTotal expenses: 101.52% of revenue

Money in and money out

Revenue$149,655
Expenses$106,344
Annual surplus $43,311 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$9,887 · 9.3% of expenses
See all reported dollar amounts
Revenue$149,655
Expenses$106,344
Assets$50,090
Income$149,655
Contributions$149,655
Mission work (program services)$9,887
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
DR ERIC M WALLACECO-FOUNDER AND PRESIDENT · 40 hrs/week $25,231
JENNIFER WALLACECO-FOUNDER AND DIRECTOR · 30 hrs/week $15,385

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (7)

DR ERIC M WALLACECO-FOUNDER AND PRESIDENT

JENNIFER WALLACECO-FOUNDER AND DIRECTOR

CHARLES LOVECHAIRMAN

CHRISTOPHER CARMOUCHESECRETARY

CURTIS HILLBOARD MEMBER

ROBERT FOSTERCHAIRMAN

ROBERT MARTINTREASURER

About this charity

Recognized since
January 2015
Location
3427 VOLLMER RD UNIT 106, FLOSSMOOR, IL 60422-2072
County
Cook
In care of
% ERIC M WALLACE
Primary officer
DR ERIC WALLACE, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990EZ
Tax preparer
ANDERSONS ENTERPRISE MANAGEMENT CORPORAT
NTEE classification
Alliances & Advocacy - Civil Rights (R01)
IRS tax category
Alliances & Advocacy - Civil Rights
Revocation date
May 15, 2014

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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