Skip to main content
Filing year 2024

THE FREE STATE FOUNDATION INC

Potomac, Maryland·EIN 74-3160646·NTEE B99 · Education·3
Total revenue
$1.1M
Total assets
$3.7M
Total expenses
$1.3M
Reported officers
7
Mission

THE FREE STATE FOUNDATION'S PRIMARY PURPOSE IS TO PROMOTE, THROUGH RESEARCH AND EDUCATIONAL ACTIVITIES, UNDERSTANDING OF FREE MARKET, LIMITED GOVERNMENT, AND RULE OF LAW PRINCIPLES AT THE FEDERAL LEVEL AND IN MARYLAND. THE FOUNDATION FOCUSES ON EDUCATING POLICYMAKERS, OPINION LEADERS, THE PRESS, AND THE GENERAL PUBLIC CONCERNING THE NEED TO ELIMINATE UNNECESSARY AND COUNTERPRODUCTIVE REGULATORY MANDATES, ESPECIALLY THOSE APPLICABLE TO THE COMMUNICATIONS AND OTHER HIGH-TECH INDUSTRIES, AND ON REDUCING OVERLY BURDENSOME TAXES, PROTECTING INDIVIDUAL RIGHTS, ECONOMIC LIBERTY, AND PROPERTY RIGHTS, AND MAKING GOVERNMENT MORE EFFECTIVE, EFFICIENT, AND ACCOUNTABLE.

Executive compensation, broken down

Form 990 · Schedule J · 4 reported individuals · Filing year 2024

$444k
$471k
Base
$367k
Bonus
$35k
Other
Benefits
$7k
Director of Policy Studies
highest compensated employee
$260k
$276k
Base
$219k
Bonus
$11k
Other
Benefits
$7k
Senior Fellow
highest compensated employee
$181k
$192k
Base
$154k
Bonus
$7k
Other
Benefits
$4k
Secretary/treasurer
officer (unspecified)
$142k
$151k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 3 unpaid individuals.

Browse compensation in Education

Up 5%
from 2023

From $421k in 2023 to $444k in 2024.

$421k
2023
$444k
2024
In today's dollarsEst.
Up 2% in real terms$462k to $471k

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

THE FREE STATE FOUNDATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.3M
$1.2M
2023
$1.1M
$1.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Education executives earn in Maryland

Comparable education organizations in Maryland pay their highest-earning executive a median of $105,478.

25th percentile
$38k
Median
$105,478
75th percentile
$223k
90th percentile
$512k

These are education sector-wide figures, not this organization's reported pay. Based on 212 organizations across 212 filings (2021 – 2023).

See full Education pay data for Maryland
Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Create free account
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.