Nonprofit · EIN 81-2699310
THE FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY
Tax-exempt · AUSTIN, TX 78701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $2,179,354 | $2,571,786 | -$392,432 | $1,391,061 | $363,234 | $1,027,827 |
| December 31, 2023 | 990 | $3,248,169 | $2,662,441 | $585,728 | $1,772,889 | $352,631 | $1,420,258 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,915,925
- Program service revenue
- $0
- Investment income
- $1
- Other revenue
- $263,428
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $390,914
- Other salaries and wages
- $337,741
- Salaries, compensation and benefits (total)
- $857,084
- Professional fundraising fees
- $0
- Legal fees
- $4,984
- Accounting fees
- $36,015
- Occupancy
- $183,319
- Travel
- $165,882
- Depreciation
- $1,313
- Program services (functional)
- $2,000,612
- Management and general (functional)
- $435,570
- Fundraising (functional)
- $135,604
Balance sheet and other
- Total assets, start of year
- $1,772,889
- Total assets, end of year
- $1,391,061
- Total liabilities, end of year
- $363,234
- Net assets, end of year
- $1,027,827
- Land, buildings and equipment
- $2,707
- Net assets without donor restrictions
- $190,405
- Net assets with donor restrictions
- $837,422
- Gross receipts
- $2,179,354
- Employees
- 5
- Volunteers
- 0
- Year formed
- 2016
- State of legal domicile
- TX
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 |
|---|---|---|---|---|
| AVIK ROY | PRESIDENT / BOARD MEMBER Trustee or director, Officer | 40 | $287,536 | $10,986 |
| REBECCA ATWOOD | VICE PRESIDENT Highest-paid employee | 40 | $103,377 | $5,419 |
| AMES BROWN | BOARD MEMBER Trustee or director, Officer | 2 | $0 | $0 |
| LANHEE CHEN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| VIVEK RAMASWAMY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JONATHAN BUSH | CHAIRMAN OF THE BOARD Trustee or director | 5 | $0 | $0 |
| MICHAEL MILTENBERGER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| FRANK LAUKIEN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AVIK ROY | PRESIDENT / BOARD MEMBER Trustee or director, Officer | 40 | $289,000 | $14,128 |
| PRESTON COOPER | RESIDENT FELLOW Key employee | 40 | $176,000 | $5,181 |
| AMES BROWN | BOARD MEMBER Trustee or director, Officer | 2 | $0 | $0 |
| LANHEE CHEN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| VIVEK RAMASWAMY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JONATHAN BUSH | CHAIRMAN OF THE BOARD Trustee or director | 5 | $0 | $0 |
| MICHAEL MILTENBERGER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| FRANK LAUKIEN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 201 W 5TH ST STE 1100, AUSTIN, TX 78701-0060
- In care of
- % AVIK ROY
- Principal officer (990 for 2024)
- AKASH CHOUGULE, 201 WEST 5TH ST 1100, AUSTIN, TX 78701
- Signed the 990
- AKASH CHOUGULE, PRESIDENT
- Phone
- (512) 840-1491
- Website
- FREOPP.ORG
- Return prepared by
- D K WEISS HOLT & ASSOCIATES PLLC
Mission
THE FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY SEEKS TO EXPAND ECONOMIC OPPORTUNITY TO THOSE WHO LEAST HAVE IT, USING THE TOOLS OF INDIVIDUAL LIBERTY, FREE ENTERPRISE, TECHNOLOGICAL INNOVATION, AND PLURALISM. FREOPP DEPLOYS THE NATION'S LEADING PUBLIC POLICY SCHOLARS TO SERVE THE MISSION. ALL RESEARCH CONDUCTED BY FREOPP CONSIDERS THE IMPACT OF PUBLIC POLICIES AND PROPOSED REFORMS ON THOSE WITH INCOMES OR WEALTH BELOW THE U.S. MEDIAN.
Program accomplishments
- HEALTHCARE GENERAL: WE BELIEVE THAT AMERICANS DESERVE A HEALTH CARE SYSTEM THAT PROVIDES UNIVERSAL - AND UNIVERSALLY AFFORDABLE - COVERAGE FOR TODAY'S AMERICANS, AND A FISCALLY SUSTAINABLE SYSTEM FOR THE GENERATIONS TO COME. OUR HEALTH CARE RESEARCH IS FOCUSED ON MAKING THIS A REALITY.Expenses $272,960 · revenue $1,111,000
- COMMUNICATIONS OUTREACH: THROUGH OUR COMMUNICATION AND OUTREACH EFFORTS, WE EFFECTIVELY DISSEMINATE OUR RESEARCH FINDINGS, INSIGHTS, AND RECOMMENDATIONS TO VARIOUS STAKEHOLDERS AND THE BROADER PUBLIC.Expenses $432,388 · revenue $275,000
- EDUCATION: FREOPP CONDUCTS ORIGINAL RESEARCH IN BOTH THE HIGHER EDUCATION SPACE, AND IN THE K-12 SPACE. OUR K-12 PROGRAM IS FOCUSED ON INCREASING PARENTS AND STUDENTS' SOVEREIGNTY OVER THEIR CHILDREN'S EDUCATION. OUR HIGHER EDUCATION RESEARCH PROGRAM IS FOCUSED ON MEASURING THE RETURN ON INVESTMENT (ROI) OF COLLEGE DEGREES, AND ENSURING THAT INSTITUTIONS ARE ACCOUNTABLE FOR THE ECONOMIC OUTCOMES OF THE STUDENTS.Expenses $217,593 · revenue $498,925
- Expenses $1,077,671
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
- 81-2699310
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S05)
- Assets (IRS master file)
- $854,952
- Income (IRS master file)
- $3,078,799
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,179,354 | $2,571,786 | $1,391,061 | XML |
| 990 | December 2023 | $3,248,169 | $2,662,441 | $1,772,889 | XML |
| 990 | December 2022 | $2,038,270 | $1,765,451 | $912,359 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 81-2699310).
Questions about THE FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY
- What is the EIN of THE FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY?
- The employer identification number (EIN) of THE FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY is 81-2699310.
- Is THE FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to THE FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY 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 THE FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY 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 THE FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY 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 THE FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY?
- The 990 for the year ended December 31, 2024 names AKASH CHOUGULE.
- Who are the officers and directors of THE FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY?
- The 990 for the year ended December 31, 2024 lists 8 people; 2 received compensation from the organization, the highest $287,536 (AVIK ROY, PRESIDENT / BOARD MEMBER).
- How much revenue does THE FOUNDATION FOR RESEARCH ON EQUAL OPPORTUNITY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,179,354, expenses of $2,571,786 and total assets of $1,391,061 at year end.
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