The Freeman Foundation P-01644-00-7
- Assets
- $343.4m
- Revenue
- $35.9m
- Investments
- $268.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1979
- Data as of
- 12/2020
- EIN
- 13-2965090
Organization Overview
The Freeman Foundation P-01644-00-7 is located in New York, NY. The organization was established in 1979. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freeman Foundation P-01644-00-7 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 12/2020, Freeman Foundation P-01644-00-7 generated $35.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $19.0m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Graeme Freeman Trustee,president | 40 | $425,000 | |
David R Stack Trustee | 5 | $265,531 | |
Juefei Wang Program Director | 40 | $147,069 | |
Shereen Goto Dir Operations/progr | 40 | $140,573 | |
Alec Freeman Sr Program Officer | 40 | $101,640 | |
Robin Sato Office Mananger | 40 | $78,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,152,847 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,692,643 |
| Capital Gain Net Income | $27,603,932 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $96,461 |
| Total Revenue | $35,941,951 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $648,139 |
| Other employee salaries and wages | $526,132 |
| Pension plans, employee benefits | $84,762 |
| Interest | $0 |
| Taxes | $667,262 |
| Depreciation | $0 |
| Occupancy | $28,160 |
| Travel, conferences, and meetings | $1,480 |
| Printing and publications | $0 |
| Other expenses | $675,109 |
| Total operating and administrative expenses | $3,267,304 |
| Contributions, gifts, grants paid | $15,693,660 |
| Total expenses and disbursements | $18,960,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,477,472 |
| Net Accounts receivable | $829,621 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $39,514,276 |
| Total assets | $343,405,683 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |