Freeman-woollam Foundation
Only null% goes to programs Strong reserves Growing revenue
Freeman-woollam Foundation is a 501(c)(3) organization based in New Orleans, Louisiana, registered in 1998, with $242,030 in FY2024 revenue. CharityIndex grades it C+.
425 Notre Dame St Apt 505, New Orleans, LA, 70130 EIN 72-1342276 Since 1998
Revenue (FY2024)
$242K
▼ 62.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$131K
Net assets
$3.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Freeman-woollam Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating278 mo reserves · +46% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Freeman-woollam Foundation: 278 mo reserves · +46% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Freeman-woollam Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Freeman-woollam Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 425 Notre Dame St Apt 505, New Orleans, LA, 70130
- City
- New Orleans
- State
- Louisiana
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $165K (FY2014) to $242K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $3.0M
Operating margin
45.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.0M
Total liabilities
$0
Net assets
$3.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $242,030▼62.2% | $130,924▲15.8% | $3,036,449▲16.4% | $3,036,449▲16.4% | 990PF |
| 2023 | $640,312▲894% | $113,078▼26.5% | $2,609,282▲17.6% | $2,609,282▲17.6% | 990PF |
| 2022 | $64,415▼35.0% | $153,908▲36.9% | $2,218,641▼24.2% | $2,218,641▼24.2% | 990PF |
| 2021 | $99,112▼21.9% | $112,463▼3.9% | $2,928,469▲13.4% | $2,928,469▲13.4% | 990PF |
| 2020 | $126,849▼38.2% | $117,075▲15.7% | $2,581,400▲14.2% | $2,581,400▲14.2% | 990PF |
| 2019 | $205,407▲470% | $101,149▼3.9% | $2,260,890▲18.7% | $2,260,890▲18.7% | 990PF |
| 2018 | $36,026▼63.1% | $105,252▲35.9% | $1,904,049▼5.7% | $1,904,049▼5.7% | 990PF |
| 2017 | $97,668▼2.1% | $77,448▼11.7% | $2,018,279▲15.3% | $2,018,279▲15.3% | 990PF |
| 2016 | $99,805▼5.3% | $87,715▲5.5% | $1,751,103▲6.6% | $1,751,103▲6.6% | 990PF |
| 2015 | $105,394▼36.2% | $83,168▲9.6% | $1,642,404▼5.2% | $1,642,404▼5.2% | 990PF |
| 2014 | $165,095 | $75,888▲35.5% | $1,732,042▲56.6% | $1,732,042▲56.6% | 990PF |
| 2011 | — | $56,014▲15.5% | $1,106,367▼2.5% | $1,106,367▼2.5% | 990PF |
| 2010 | — | $48,511 | $1,134,213 | $1,134,213 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Freeman-woollam Foundation a legitimate nonprofit?
- Yes. Freeman-woollam Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 72-1342276, based in New Orleans, Louisiana. Donations are tax-deductible.
- What is Freeman-woollam Foundation's EIN?
- Freeman-woollam Foundation's Employer Identification Number (EIN) is 72-1342276.
- How much revenue does Freeman-woollam Foundation report?
- Freeman-woollam Foundation reported $242,030 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Freeman-woollam Foundation have?
- CharityIndex grades Freeman-woollam Foundation C+, based on financial health (reserves and operating margin).
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Data for Freeman-woollam Foundation (EIN 72-1342276) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.