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Nonprofit · EIN 99-1386415

FREEDOM ECONOMY BUSINESS ASSOCIATION

Tax-exempt · WINSTON SALEM, NC 27101

Financials

$1.1M$596K2024
Revenue Expenses · by fiscal year end
Financials of FREEDOM ECONOMY BUSINESS ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,084,000$596,334$487,666$487,666$0$487,666
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,084,000
Membership dues
$59,000
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$16,857
Salaries, compensation and benefits (total)
$18,331
Professional fundraising fees
$0
Legal fees
$341,236
Travel
$2,503
Program services (functional)
$471,845
Management and general (functional)
$124,489

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$487,666
Total liabilities, end of year
$0
Net assets, end of year
$487,666
Net assets without donor restrictions
$337,666
Net assets with donor restrictions
$150,000
Gross receipts
$1,084,000
Employees
1
Volunteers
3
Year formed
2024
State of legal domicile
DC

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.

NameTitleHours / weekCompensation
Tawanna BlackExecutive Director
Officer
30$16,857
Rachel Robasciotti–
Trustee or director, Officer
1$0
Stacey Abrams–
Trustee or director, Officer
1$0
Tynesia Boyea-Robinson–
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
500 W 5TH ST STE 800, WINSTON SALEM, NC 27101-3131
In care of
% RACHEL ROBASCIOTTI
Principal officer (990 for 2024)
Rachel Robasciotti Chair, 1015 15th St NW STE 1000, Washington, DC 20005
Signed the 990
RACHEL ROBASCIOTTI, Chair
Phone
(202) 544-6960
Return prepared by
Blue Ledger Group LLC

Mission

The mission of Freedom Economy is to equip justice and sustainability investors with legal and policy education, tools, and a peer network needed to stand boldly in their values, defend their rights and advance a fair, inclusive and sustainable economy.

990 for the year ended December 31, 2024

Program accomplishments

  • Freedom Economy advanced member advocacy and legal support by implementing a rapid-response engagement process providing legal resources to assist members in navigating regulatory and compliance issues.
    Expenses $290,051
  • Freedom Economy strengthened organizational capacity and membership community by hiring key leadership staff, expanding to 101 engaged members, launching a members-only online platform, and delivering more than 20 educational programs to support collaboration and mission-aligned action.
    Expenses $181,794

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024Check at the IRS

IRS record

EIN
99-1386415
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$487,666
Income (IRS master file)
$1,084,000

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,084,000$596,334$487,666XML

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 99-1386415).

Questions about FREEDOM ECONOMY BUSINESS ASSOCIATION

What is the EIN of FREEDOM ECONOMY BUSINESS ASSOCIATION?
The employer identification number (EIN) of FREEDOM ECONOMY BUSINESS ASSOCIATION is 99-1386415.
Is FREEDOM ECONOMY BUSINESS ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2024.
Are donations to FREEDOM ECONOMY BUSINESS ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FREEDOM ECONOMY BUSINESS ASSOCIATION 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 FREEDOM ECONOMY BUSINESS ASSOCIATION 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 FREEDOM ECONOMY BUSINESS ASSOCIATION 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 FREEDOM ECONOMY BUSINESS ASSOCIATION?
The 990 for the year ended December 31, 2024 names Rachel Robasciotti Chair.
Who are the officers and directors of FREEDOM ECONOMY BUSINESS ASSOCIATION?
The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $16,857 (Tawanna Black, Executive Director).
How much revenue does FREEDOM ECONOMY BUSINESS ASSOCIATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,084,000, expenses of $596,334 and total assets of $487,666 at year end.

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