Freedoms Journal Institute for the Study Policy
Nonprofit profile at a glance
- EIN
- 274681473
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990 2022, Form 990-EZ 2024, Form 990-N 2016
- Location
- Flossmoor, IL, USA
- Phone
- 7086759669
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy
Reported finances
- Revenue
- $149,655
- Expenses
- $106,344
- Assets
- $50,090
- Liabilities
- $30,272
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- DR ERIC M WALLACE (CO-FOUNDER AND PRESIDENT)
People named in this filing
- ROBERT FOSTER (CHAIRMAN)
- CHARLES LOVE (CHAIRMAN)
- CHRISTOPHER CARMOUCHE (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Freedom's journal institute exists to educate, engage, and empower individuals on issues of faith, race, and public policy. Our work is rooted in the conviction that biblical values should shape culture, guide policy, empower communities, and defend faith, family, and freedom. Everything we do flows from this vision. We champion a biblical worldview by equipping leaders, fostering dialogue, and providing resources that address the cultural challenges of our day. Through events such as the black conservative summit, new publications, and upcoming media projects, we seek to strengthen families, inspire civic engagement, and influence the public square with truth and integrity.
What it reported doing in 2024
In 2024, freedom's 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 pastor's panel examined the state of the black church, with voices from churches nationwide contributing to the dialogue. The summit's special guests included u.s. Senator tim scott of South Carolina and todd ricketts, co-owner of the chicago cubs.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 8
- Transparency & Controls: 93
- Sustainability: 52
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 6.6%; rating input score 7
- Program expense ratio: 9.3%; rating input score 9
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 2nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 28.9%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 0.47; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0.6; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 38.2%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: -3.4% per year; rating input score 0; 22nd percentile among comparable filings
- Revenue growth: 19% per year; rating input score 100; 82nd percentile among comparable filings
- Asset growth: 31.5% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 6.6% of revenue deployed · 9.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $10K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 7/100.
- High — Financial Efficiency: Program expense ratio scored 9/100.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- High — Sustainability: Officer compensation ratio scored 8/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.