Aam Foundation
Also known as Freedom Employability Academy
Aam Foundation reported $11.3 million in revenue and $9.5 million in expenses for the fiscal year ending March 31, 2025. Of every $100 it spent, $87.43 went to program services, $12.57 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 99.3% of the total. The highest compensation it reported for one person was $12,379 (TRUSTEE). Revenue rose 155% between FY2022 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending March 31, 2025 · Form 990, Part IX, line 25 · total expenses $9.5MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending March 31, 2025 · Form 990, Part VIII · total revenue $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 99.3% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $12,379 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.13% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 11.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 2 of 5 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe school's primary charitable activity is education and alleviating poverty. The school provides formal instruction and is free to all students who attend. The school is a one-year intensive secondary and post-secondary educational program designed for youth between the ages of 15-27 years of age
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| TRUSTEE Director/trustee, officer, 40.00 hrs/week | $0 | $0 | $12,379 | $12,379 |
0 people received more than $100,000 in reportable compensation from Aam Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $12,379 (Part IX, line 5).
5 filings since FY2021 (4 mo.)
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b5 · 2 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aNo
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
- Volunteers Part I, line 61,255
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| MS VERMA CONSTRUCTIONS Construction of office buildings in luck | $267,034 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Aam Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Aam Foundation, you can publish a response that is linked from this page.
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Of every $100 Aam Foundation spent in FY2025, $87.43 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Vista Life InnovationsMadison, CT · revenue $11M · programs 77.2% · FY2025
- University of Central Ar FoundationConway, AR · revenue $11M · programs 86.7% · FY2025
- Pantego Christian AcademyArlington, TX · revenue $11M · programs 61.9% · FY2025
- Southeastern Louisiana University FoundationHammond, LA · revenue $11M · programs 90.3% · FY2025
- Libertas School of MemphisMemphis, TN · revenue $11M · programs 80.1% · FY2025
Questions people ask
How much of Aam Foundation's spending goes to programs?
In the fiscal year ending March 31, 2025, Aam Foundation reported that 87.4% of its $9.5 million in expenses went to program services, 12.6% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Aam Foundation pay its top executive?
The largest total compensation Aam Foundation reported for one person in the fiscal year ending March 31, 2025 was $12,379, for the role of TRUSTEE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Aam Foundation get its money?
Of $11.3 million in revenue in the fiscal year ending March 31, 2025, 99.3% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Aam Foundation a registered charity?
The IRS lists EIN 98-6099880 as a 501(c)(3) organization (school). Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending March 31, 2025, object 202640439349300924 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending March 31, 2024, object 202540499349300304 · read the filing
- FY2023: Form 990 for the fiscal year ending March 31, 2023, object 202440439349300114 · read the filing
- FY2022: Form 990 for the fiscal year ending March 31, 2022, object 202330469349300708 · read the filing
- FY2021 (4 mo.): Form 990 for the 4-month short period ending March 31, 2021, object 202241799349301509 · read the filing
All filings for EIN 98-6099880: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.