Freedom Reigns Ranch
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$375,000.00
Projected Expenses
$335,314.00
Organizational Budgets and Other Documents
| Budget | 2024 |
| Budget | 2023 |
| Budget | 2022 |
| Projected Budget | 2021 |
IRS Letter of Exemption
| IRS Letter of Determination | 2016 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $632,161.00 | $298,434.00 | $194,237.00 |
| Total Expenses | $244,825.00 | $206,436.00 | $146,616.00 |
| Revenue Less Expenses | $387,336.00 | $91,998.00 | $47,621.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $436,172.00 | $278,596.00 | $194,135.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $-5,543.00 | $0.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $11,336.00 | $19,838.00 | $0.00 |
| Revenue In-Kind | $190,196.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $102.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $214,232.00 | $175,844.00 | $146,616.00 |
| Administration Expense | $23,741.00 | $20,795.00 | $0.00 |
| Fundraising Expense | $6,852.00 | $9,797.00 | $0.00 |
| Total Revenue/Total Expenses | 258% | 145% | 132% |
| Program Expense/Total Expenses | 88% | 85% | 100% |
| Fundraising Expense/Contributed Revenue | 3% | 5% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $436,172.00 | Contributions, Gifts, and Grants $278,596.00 | Contributions, Gifts, Grants $194,135.00 |
| Second Highest Funding Source & Dollar Amount | Noncash Contributions $190,196.00 | Fundraising Events $19,838.00 | Other Revenue $102.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $11,336.00 | $0.00 | $0.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $595,040.00 | $203,090.00 | $109,404.00 |
| Current Assets | $76,485.00 | $153,175.00 | $97,404.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $6,302.00 | $1,688.00 | $0.00 |
| Total Net Assets | $588,738.00 | $201,402.00 | $109,404.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Under Extension
Form 990s
| Form 990 | 2023 |
| Form 990 | 2022 |
| Form 990 | 2021 |
| Form 990 | 2020 |
| Form 990 | 2019 |
| Form 990 | 2018 |
Audit Documents
No audit documents are available at this time
Foundation Staff Comments
| Financial figures taken from the Form 990. Form 990 was prepared by Puryear & Noonan, CPAs. Schedule B removed to protect donor privacy. Comments provided by Hayley Sulfridge 11/13/24. |
