Freedom Farm Ministries
- Assets
- $861.2k
- Revenue
- $750.2k
- Investments
- $0.0
- Employees
- 9
- Location
- Boone, NC
- Founding
- 12/2007
- Data as of
- 12/2021
- EIN
- 20-5659740
Organization Overview
Freedom Farm Ministries is located in Boone, NC. The organization was established in 2007. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Freedom Farm Ministries employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedom Farm Ministries 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 Farm Ministries generated $750.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $680.2k during the year ending 12/2021. While expenses have increased by 6.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH A CHRISTIAN REGENERATION CENTER, SAFE HOUSE, AND TRANSITIONAL LIVING CENTER FOR MEN SUFFERING FROM CHEMICAL/ALCOHOL ADDICTION.
Describe the Organization's Program Activity:
FREEDOM FARM MINISTRIES HAS SERVED APPROXIMATELY 55 MEN AND 3 WOMEN IN THE PAST YEAR.
FREEDOM FARM MINISTRIES HAS SERVED APPROXIMATELY 55 MEN AND 3 WOMEN IN THE PAST YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Quigley Executive Director | Trustee | 40 | $44,312 |
Kirby Nelson Secretary | Trustee | 1 | $0 |
Brewer Logigin Board Member | Trustee | 1 | $0 |
David Bong Treasurer | Trustee | 1 | $0 |
David Sexton President | Trustee | 1 | $0 |
Addie Bobbit Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,774 |
| All other contributions, gifts, grants, and similar amounts not included above | $279,457 |
| Noncash contributions included in lines 1a–1f | $50,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,231 |
| Total Program Service Revenue | $287,464 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $750,200 |
| 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. | $44,312 |
| Compensation of current officers, directors, key employees. | $6,647 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,310 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,809 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,552 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,040 |
| Office expenses | $6,649 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,760 |
| Travel | $1,928 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,718 |
| Interest | $9,442 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,202 |
| Insurance | $17,926 |
| All other expenses | $269,351 |
| Total functional expenses | $680,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,497 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $17,228 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $690,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,508 |
| Total assets | $861,175 |
| Accounts payable and accrued expenses | $18,698 |
| 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 | $456,558 |
| Other liabilities | $0 |
| Total liabilities | $475,256 |
| Net assets without donor restrictions | $385,919 |
| Net assets with donor restrictions | $0 |
| 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 | $861,175 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Freedom Farm Ministries has recieved totaling $85,060.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $65,000 |
Hayes Family Charitable Tr Charlotte, NC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $60 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Compassion A Tennessee Non-Profit Corporation Cleveland, TN | $18,764,537 | $70,147,882 |
United Faith Ministries Inc Norfolk, VA | $10,805,826 | $50,029,760 |
Martha Obryan Center Inc Nashville, TN | $41,203,339 | $31,115,116 |
Ravi Zacharias International Ministries Norcross, GA | $12,439,416 | $25,742,588 |
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Advancing Native Missions Afton, VA | $4,333,922 | $11,124,622 |
National Pro-Life Alliance Springfield, VA | $3,799,169 | $8,934,186 |
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |