THE FREE STATE FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

THE FREE STATE FOUNDATION INC

EIN 74-3160646 · Education N.E.C. (B99)

What they do

THE FREE STATE FOUNDATIONS 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 THE 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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $86.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

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 checkNo IRS revocation warning appears in this data.

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

104.77%of revenue went to mission work86.9% of expenses · Program services

3.71%of revenue went to fundraising3.1% of expenses

$120.56spent for every $100 of revenueSpending was higher than revenue this year.

12.08%of revenue went to management and office costs10.0% of expenses

$2.87in assets for every $1 spent this yearSome assets cannot be spent right away.

85.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $219,605 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $443,550 for RANDOLPH J MAY (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.

$100revenue

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$1,068,198

Mission workProgram services$1,119,114104.77% of revenue86.9% of expenses

ManagementOffice and general costs$129,01412.08% of revenue10.0% of expenses

FundraisingAsking for donations$39,6753.71% of revenue3.1% of expenses

Total expenses$1,287,803120.56% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

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: 86.9% mission · 10.0% management · 3.1% fundraisingTotal expenses: 120.56% of revenue

2023Expense mix: 87.7% mission · 9.9% management · 2.4% fundraisingTotal expenses: 91.28% of revenue

2022Expense mix: 88.1% mission · 9.2% management · 2.7% fundraisingTotal expenses: 97.65% of revenue

2021Expense mix: 88.2% mission · 9.4% management · 2.5% fundraisingTotal expenses: 147.94% of revenue

2020Expense mix: 89.0% mission · 8.8% management · 2.2% fundraisingTotal expenses: 92.80% of revenue

Money in and money out

Revenue$1,068,198

Expenses$1,287,803

Annual shortfall $219,605 Expenses were higher than revenue 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)$1,119,114 · 86.9% of expenses

Management and office costs$129,014 · 10.0% of expenses

Fundraising$39,675 · 3.1% of expenses

See all reported dollar amounts

Revenue$1,068,198

Expenses$1,287,803

Assets$3,694,815

Income$1,145,891

Contributions$911,488

Mission work (program services)$1,119,114

Fundraising$39,675

Management and general$129,014

Accounting fees$15,400

Investing fees$42,161

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

RANDOLPH J MAYPRESIDENT · 60 hrs/week $443,550Base $401,942 · Other $41,608

SETH COOPERDIRECTOR OF POLICY STUDIES · 40 hrs/week $260,066Base $230,060 · Other $30,006

ANDREW LONGSENIOR FELLOW · 32 hrs/week $181,088Base $160,808 · Other $20,280

LAURIE J MAYSECRETARY/TREASURER · 24 hrs/week $142,371Base $128,868 · Other $13,503

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)

RANDOLPH J MAYPRESIDENT

SETH COOPERDIRECTOR OF POLICY STUDIES

ANDREW LONGSENIOR FELLOW

LAURIE J MAYSECRETARY/TREASURER

KENNETH HOWARDBOARD MEMBER

THOMAS TAUKEBOARD MEMBER

WILLIAM K KEANEBOARD MEMBER

About this charity

Recognized since: January 2007
Location: 10701 STAPLEFORD HALL DRIVE, POTOMAC, MD 20854
County: Montgomery
In care of: RANDOLPH J MAY
Primary officer: RANDOLPH J MAY, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailinfo@freestatefoundation.org Phone(301) 299-3182

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Education N.E.C. (B99)
IRS tax category: Education N.E.C.