Freedom's Promise
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$1,292,471.00
Projected Expenses
$1,292,471.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Freedom's Promise IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $1,758,657.00 | $1,134,346.00 | |
| Total Expenses | $902,503.00 | $763,179.00 | |
| Revenue Less Expenses | ($-0.00) | $856,154.00 | $371,167.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $0.00 | |
| Contributions, Gifts, and Grants | $1,375,592.00 | $681,787.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $0.00 | $3,950.00 | |
| Investment Income, Net of Losses | $613.00 | $4,929.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $381,783.00 | $443,102.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $669.00 | $578.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $715,861.00 | $621,858.00 | |
| Administration Expense | $105,034.00 | $84,601.00 | |
| Fundraising Expense | $81,608.00 | $56,720.00 | |
| Total Revenue/Total Expenses | 195% | 149% | |
| Program Expense/Total Expenses | 79% | 81% | |
| Fundraising Expense/Contributed Revenue | 9% | 7% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $1,375,592.00 | Contributions, Gifts, Grants $681,787.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Fundraising Events $381,783.00 | Fundraising Events $443,102.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Other Revenue $669.00 | Interest Income $4,929.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $2,013,283.00 | $1,164,835.00 | |
| Current Assets | $1,773,826.00 | $1,025,838.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $11,827.00 | $1,491.00 | |
| Total Net Assets | $2,001,456.00 | $1,163,344.00 |
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
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
| 2023 Freedom's Promise Audited Statements | 2023 |
| 2022 Freedom's Promise Audit | 2022 |
| 2021 Audit | 2021 |
| 2020 Audit | 2020 |
| 2019 Audit | 2019 |
| 2018 Audit | 2018 |
| 2017 Audit | 2017 |
| 2016 Compilation | 2016 |
| 2015 Prepared Financials with Disclaimer | 2015 |
| 2014 Compilation | 2014 |
CEO/Executive Director/Board Comments
| Freedom's Promise is committed to exercising the highest level of accountability and transparency in regards to our finances. We closely monitor our budgets and expense reports to insure funds are leveraged for maximum impact and are stewarded with the utmost integrity. We are ECFA members and are undergo annual audits. |
Foundation Staff Comments
| Financial figures taken from Form 990. Some foundation and corporate contributions may be included in the Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. 990 prepared by Blankenship CPA Group, PLLC. Comments provided by Nicole Rose 06/13/2023. |
