Freedom Institute Inc
- Assets
- $1.3m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 18
- Location
- New York, NY
- Founding
- 01/1977
- Data as of
- 12/2021
- EIN
- 13-2877912
Organization Overview
Freedom Institute Inc is located in New York, NY. The organization was established in 1977. As of 12/2021, Freedom Institute Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedom Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Freedom Institute Inc generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST AND COUNSEL THE CHEMICALLY DEPENDENT AND THEIR FAMILIES THROUGH EDUCATION, TREATMENT, AND PREVENTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORONAVIRUS PANDEMIC CONTINUED TO PLAY A CENTRAL ROLE IN 2021 ACTIVITIES AND FINANCIAL CIRCUMSTANCES. AFTER RAPIDLY PIVOTING TO REMOTE SERVICES IN MARCH 2020 FOR WHAT WAS EXPECTED TO BE A SHORT-TERM PERIOD, OUR LICENSING BOARD CONTINUED TO RECOMMEND REMOTE SERVICES ALL THROUGH 2021. CLINICAL STAFF CONTINUED TO IMPROVE TELEHEALTH PRACTICES AND PROTOCOLS AS TELEHEALTH BECAME THE NORM. STAFF BEGAN TO RETURN TO THE OFFICE ON A LIMITED BASIS IN THE 4TH QUARTER IN PREPARATION FOR THE POSSIBILITY OF PROVIDING IN-PERSON SERVICES. WE FORESEE MAINTAINING A HYBRID MODEL GOING FORWARD. WE DID EXPERIENCE A DECREASE IN CENSUS IN THE 2ND HALF OF THE YEAR AS PEOPLE WERE VACCINATED AND BEGAN RETURNING TO NORMAL ACTIVITY AND TRAVEL. FOCUS IS ON BUILDING BACK THE IOP CENSUS AND DEVELOPING NEW PROGRAMMING TO INCORPORATE RECOVERY COACHING THAT HAS BEEN SUCCESSFUL IN THE VERITUS PROGRAM. THE VERITUS PROGRAM, A TELEHEALTH-BASED TREATMENT PROGRAM FOR HEALTHCARE PROFESSIONALS THAT WAS LAUNCHED IN 2020 CONTINUED TO DEVELOP IN 2021. THE TARGET CLIENT POPULATION IS HEALTHCARE PROFESSIONALS, PRIMARILY PHYSICIANS, WHO HAVE BEEN REFERRED TO THEIR STATE'S PROFESSIONAL MONITORING PROGRAMS DUE TO THEIR SUBSTANCE USE AND NEED ASSESSMENT AND TREATMENT IN ORDER TO MAINTAIN THEIR LICENSES TO PRACTICE. WE'VE LAUNCHED WITH A TELEHEALTH IOP COMBINED WITH PROFESSION-SPECIFIC RECOVERY COACHING AND ARE WORKING CLOSELY WITH THE PHYSICIAN HEALTH PROGRAMS. THE PLAN IS TO EXPAND THE WORK TO INCLUDE A PROGRAM FOR LAWYERS, AND WE ARE OPTIMISTIC ABOUT THE POTENTIAL FOR BOTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel J Russell President & Chief Clinical | Officer | 35 | $197,376 |
Dana Sacher-Rollins VP & General Manager | Officer | 28 | $104,014 |
Robert L Miller Chairman | OfficerTrustee | 5 | $0 |
Jacqueline R Williams Secretary | OfficerTrustee | 0.2 | $0 |
Patrick Robinson Trustee | Trustee | 0.2 | $0 |
John Loeffler Trustee | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $641,231 |
| All other contributions, gifts, grants, and similar amounts not included above | $217,313 |
| Noncash contributions included in lines 1a–1f | $44,070 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $858,544 |
| Total Program Service Revenue | $1,866,214 |
| Investment income | $15,620 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,380 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,758,758 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $364,863 |
| Compensation of current officers, directors, key employees. | $91,216 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,026,657 |
| Pension plan accruals and contributions | $32,253 |
| Other employee benefits | $76,810 |
| Payroll taxes | $108,968 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $450 |
| Fees for services: Accounting | $93,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,864 |
| Fees for services: Other | $492,310 |
| Advertising and promotion | $74,551 |
| Office expenses | $91,916 |
| Information technology | $99,282 |
| Royalties | $0 |
| Occupancy | $129,392 |
| Travel | $565 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,643 |
| Insurance | $33,274 |
| All other expenses | $0 |
| Total functional expenses | $3,019,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,019 |
| Savings and temporary cash investments | $11,768 |
| Pledges and grants receivable | $284,216 |
| Accounts receivable, net | $61,546 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,684 |
| Net Land, buildings, and equipment | $17,733 |
| Investments—publicly traded securities | $817,726 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,271,692 |
| Accounts payable and accrued expenses | $151,940 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $439,693 |
| Total liabilities | $591,633 |
| Net assets without donor restrictions | $540,722 |
| Net assets with donor restrictions | $139,337 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,271,692 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Freedom Institute Inc has recieved totaling $50,627.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $12,350 |
Cyril F & Marie E Oneil Foundation New York, NY PURPOSE: GENERAL PURPOSES | $11,000 |
William & Martha Ford Fund Detroit, MI PURPOSE: ANNUAL DRIVE | $10,000 |
Cox Foundation Inc Clayton, MO PURPOSE: GENERAL FUND | $5,000 |
Richard A & James F Corroon Foundation Inc Wilmington, DE PURPOSE: GENERAL FUND | $2,500 |
Northlands Foundation Malden Bridge, NY PURPOSE: TO PROVIDE SUPPORT FOR PUBLIC CHARITABLE ORGANIZATION | $2,000 |
Endowment Analysis
| Beg. Balance | $743,976 |
| Earnings | $145,382 |
| Admin Expense | $9,864 |
| Other Expense | $50,000 |
| Ending Balance | $829,494 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Freedom Institute Inc New York, NY | $1,271,692 | $2,758,758 |
Aids Project Worcester Inc Worcester, MA | $2,932,294 | $2,599,976 |
Cape May County Council On Alcoholism And Drug Abuse Inc Wildwood, NJ | $2,322,650 | $2,338,424 |
Intergroup Association Of A A Of New York Inc New York, NY | $381,897 | $923,264 |
Facing Addiction With Ncadd New York, NY | $74,740 | $545,657 |
The Prevention Council Of Putnam Inc Carmel, NY | $517,890 | $618,049 |
Club 521 Inc Lancaster, PA | $344,938 | $109,555 |
Greater New York Al Anon Family New York, NY | $93,679 | $0 |
Bristol Recovery Club Inc Bristol, CT | $86,953 | $0 |