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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education The Free State Foundation Inc.

The Free State Foundation Inc.

Fiscal year ending 2024. Filed on November 7, 2025.

10701 Stapleford Hall Drive
Potomac, Maryland 20854

The Free State Foundation Inc. (EIN: 74-3160646) has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2024 IRS Form 990 filing, The Free State Foundation Inc., a 501(c)(3) charitable organization, reported compensation for 4 out of 5 total employees. Among the employees shown here, the average compensation is $256,769. The highest compensated employee at The Free State Foundation Inc. is Randolph J May with fiscal year 2024 compensation of $443,550.

Revenue, expenses, and employee compensation

Revenue

$1,068,198

Expenses

$1,287,803

Employee compensation

$1,148,816
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Randolph J May
President
$443,550
$401,942 No related comp$41,608
Seth Cooper
Director of Policy Studies
$260,066
$230,060 No related comp$30,006
Andrew Long
Senior Fellow
$181,088
$160,808 No related comp$20,280
Laurie J May
Secretary and Treasurer
$142,371
$128,868 No related comp$13,503

Benchmark Employee Compensation

Non-Employee Board Members

Kenneth Howard
Board Member
Thomas Tauke
Board Member
William K Keane
Board Member

Mission Statement

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.

Revisions to this organization profile

November 7, 2025:
2024 The Free State Foundation Inc. 990 filed
October 10, 2024:
2023 The Free State Foundation Inc. 990 filed
October 20, 2023:
2022 The Free State Foundation Inc. 990 filed

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