Nonprofit · EIN 34-6572280
FREEMAN FOUNDATION INC
Tax-exempt (reinstated) · CLEVELAND, OH 44114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $716,806 | $649,354 | $67,452 | $6,373,574 | $0 | $6,373,574 |
| December 31, 2024 | 990-PF | $613,594 | $622,476 | -$8,882 | $6,300,798 | $0 | $6,300,798 |
| December 31, 2023 | 990-PF | $3,104,342 | $552,908 | $2,551,434 | $6,233,442 | $0 | $6,233,442 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $429,020
- Dividends
- $142,831
- Interest
- $93,988
- Net gain from sales of assets
- -$24,882
- Other income
- $75,849
Expenses
- Grants and similar amounts paid
- $465,000
- Compensation of officers, directors and key employees
- $100,000
- Disbursements for charitable purposes
- $480,909
- Excise tax on investment income
- $3,201
Balance sheet and other
- Total assets, start of year
- $6,300,798
- Total assets, end of year
- $6,373,574
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,373,574
- Fair market value of assets
- $9,764,580
- Qualifying distributions
- $480,909
- Net investment income
- $285,859
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELLEN KRAATZ 600 SUPERIOR AVE C/O JCONSOLO SUITE, 2100, CLEVELAND, OH 44114 | PRESIDENT | 10 | $100,000 |
| RICHARD FREEMAN 600 SUPERIOR AVE C/O JCONSOLO SUITE, 2100, CLEVELAND, OH 44114 | VICE-PRESIDENT | 5 | $0 |
| AINO WHEELER 600 SUPERIOR AVE C/O JCONSOLO SUITE, 2100, CLEVELAND, OH 44114 | TRUSTEE | 0 | $0 |
| RITA BIGHAM 600 SUPERIOR AVE C/O JCONSOLO SUITE, 2100, CLEVELAND, OH 44114 | TRUSTEE | 0 | $0 |
| TAFF KRAATZ 600 SUPERIOR AVE C/O JCONSOLO SUITE, 2100, CLEVELAND, OH 44114 | TRUSTEE | 0 | $0 |
990-PF for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD FREEMAN 1 WINDSOR CT, ROCKY RIVER, OH 441162382 | OFFICER | 5 | $100,000 |
| ELLEN KRAATZ 33499 LIONS GATE, AVON, OH 44011 | OFFICER | 10 | $0 |
| AINO WHEELER 3901 VINE CT, CLEVELAND, OH 44113 | TRUSTEE | 0 | $0 |
| RITA BIGHAM 7 ASHLEY CT, ROCK RIVER, OH 44116 | TRUSTEE | 0 | $0 |
| TAFF KRAATZ 33499 LIONS GATE, AVON, OH 44011 | TRUSTEE | 0 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD FREEMAN 1 WINDSOR CT, ROCKY RIVER, OH 441162382 | OFFICER | 10 | $0 |
| ELLEN KRAATZ 33499 LIONS GATE, AVON, OH 44011 | OFFICER | 0 | $0 |
| AINO WHEELER 3901 VINE CT, CLEVELAND, OH 44113 | TRUSTEE | 0 | $0 |
| RITA BIGHAM 7 ASHLEY CT, ROCK RIVER, OH 44116 | TRUSTEE | 0 | $0 |
| TAFF KRAATZ 33499 LIONS GATE, AVON, OH 44011 | TRUSTEE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 600 SUPERIOR AVE CO JCONSOLO 210, CLEVELAND, OH 44114-2614
- In care of
- % RICHARD B FREEMAN
- Signed the 990-PF
- RICHARD FREEMAN, DIRECTOR
- Phone
- (216) 318-7197
- Return prepared by
- SIKICH LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 34-6572280
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $6,373,574
- Income (IRS master file)
- $1,258,823
Revocation and reinstatement
- Exemption revoked
- May 15, 2018
- Posted by the IRS
- August 13, 2018
- Reinstated
- Effective May 15, 2018
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $716,806 | $649,354 | $6,373,574 | XML |
| 990-PF | December 2024 | $613,594 | $622,476 | $6,300,798 | XML |
| 990-PF | December 2023 | $3,104,342 | $552,908 | $6,233,442 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about FREEMAN FOUNDATION INC
- What is the EIN of FREEMAN FOUNDATION INC?
- The employer identification number (EIN) of FREEMAN FOUNDATION INC is 34-6572280.
- Is FREEMAN FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2018 and reinstated it effective May 15, 2018.
- Are donations to FREEMAN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FREEMAN FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FREEMAN FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FREEMAN FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of FREEMAN FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $100,000 (ELLEN KRAATZ, PRESIDENT).
- How much revenue does FREEMAN FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $716,806, expenses of $649,354 and total assets of $6,373,574 at year end.
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