Think Freely Media Inc
- Assets
- $196.1k
- Revenue
- $6.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/2010
- Data as of
- 12/2021
- EIN
- 27-1110796
Organization Overview
Think Freely Media Inc is located in Chicago, IL. The organization was established in 2010. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Think Freely Media 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, Think Freely Media Inc generated $6.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (53.8%) each year. All expenses for the organization totaled $249.2k during the year ending 12/2021. 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
THINK FREELY MEDIA ENDEAVORS TO BUILD INFORMATION AND MEDIA CAPACITIES THAT PENETRATE EVERY LEVEL OF CULTURE, THAT SUCCESSFULLY ENLIGHTEN THE HEARTS AND MINDS OF PEOPLE FROM ALL WALKS OF LIFE, AND THAT WILL RESULT IN SUCCESSFUL ADVOCACY FOR FREE MARKETS AND INDIVIDUAL LIBERTY PREVAILING IN CULTURE, AS WELL AS IN LAW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREAT COMMUNICATORS TOURNAMENT - AN ANNUAL TOURNAMENT STYLE COMPETITION THAT HIGHLIGHTS AND REWARDS INDIVIDUALS WHO CAN EFFECTIVELY COMMUNICATE THE PRINCIPLES OF FREE MARKETS AND LIMITED GOVERNMENTS.EVERYDAY HEROES - A MULTIMEDIA PROJECT THAT PROFILED INDIVIDUALS AND ORGANIZATIONS THAT TRANSFORMED THEIR COMMUNITIES; HIGHLIGHTING, SPECIFICALLY, THAT PRIVATE CITIZENS AND ORGANIZATIONS CARE FOR THE POOR AND DISADVANTAGED AS WELL AS, OFENTIMES BETTER THAN, GOVERNMENT AGENCIES.WHAT SHOULD BE SAID - A WEBSITE FEATURE HIGHLIGHTING WAYS THOUGHT LEADERS AND ELECTED OFFICIALS COULD BETTER COMMUNICATE THEIR IDEAS IN WAYS THAT PROMOTE HUMAN FREEDOM AND LIMITED GOVERNMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Tillman Chairman | OfficerTrustee | 1 | $0 |
Eric Tubbs President, Treasurer, Secr | OfficerTrustee | 40 | $0 |
Scott Barbee Director | Trustee | 1 | $0 |
Carol Winfrey Director | Trustee | 1 | $0 |
Barry Burdiak Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Newsinator Llc Dba Interactive Content Newswire Services | 12/30/16 | $346,660 |
Starfish Consulting Inc Media Content Production And Consulting | 12/30/16 | $103,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,152 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,152 |
| Total Program Service Revenue | $0 |
| Investment income | $91 |
| 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 | $6,243 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,012 |
| Fees for services: Accounting | $23,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $9,847 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $154,676 |
| Advertising and promotion | $9,253 |
| Office expenses | $465 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,465 |
| 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 | $472 |
| Insurance | $7,763 |
| All other expenses | -$1,378 |
| Total functional expenses | $249,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,319 |
| Savings and temporary cash investments | $128 |
| 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 | $93,240 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $364 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $196,051 |
| Accounts payable and accrued expenses | $61,175 |
| 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 | $25,005 |
| Total liabilities | $86,180 |
| Net assets without donor restrictions | $109,871 |
| 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 | $196,051 |
Grants Awarded
Over the last fiscal year, Think Freely Media Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Columbia, SC PURPOSE: GRANT TO OTHER ORGANIZATION THAT SHARES THE SAME PRINCIPLES AS THINK FREELY MEDIA | $15,000 |
Hartford, CT PURPOSE: GRANT TO OTHER ORGANIZATION THAT SHARES THE SAME PRINCIPLES AS THINK FREELY MEDIA | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Think Freely Media Inc has recieved totaling $284,385.
| Awarding Organization | Amount |
|---|---|
Donors Trust Inc Alexandria, VA PURPOSE: for general operations | $254,000 |
Charles Koch Foundation Arlington, VA PURPOSE: EDUCATIONAL PROGRAMS | $18,385 |
Charles Koch Institute Arlington, VA PURPOSE: EDUCATION | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Four Lakes Education Inc Mcfarland, WI | $19,510,761 | $31,025,737 |
Spencer Foundation Chicago, IL | $670,624,797 | $32,472,140 |
Childrens First Fund The Chicago Public School Foundation Chicago, IL | $26,791,850 | $26,985,163 |
Inside Track Impact Inc Indianapolis, IN | $23,220,663 | $19,614,456 |
Lycee Francais De Chicago Inc Chicago, IL | $48,724,560 | $20,322,112 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |
Sertoma Centre Inc Alsip, IL | $22,208,490 | $17,472,414 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
National Association Of State Procurement Officials Lexington, KY | $137,920,901 | $31,374,950 |
Cross Trails Medical Center Cape Girardeau, MO | $16,622,925 | $13,747,968 |
Institute For Quality Education Inc Indianapolis, IN | $12,107,092 | $12,010,135 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |