Freedom School Partners Inc
- Assets
- $1.5m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 131
- Location
- Charlotte, NC
- Founding
- 04/2000
- Data as of
- 12/2021
- EIN
- 56-2169158
Organization Overview
Freedom School Partners Inc is located in Charlotte, NC. The organization was established in 2000. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Freedom School Partners Inc employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedom School Partners 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 School Partners Inc generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) 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
TO PROMOTE THE LONG-TERM SUCCESS OF CHILDREN BY PREVENTING SUMMER LEARNING LOSS THROUGH IGNITING A PASSION FOR READING AND INSPIRING A LOVE OF LEARNING
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREEDOM SCHOOL PARTNERS (FSP) MAIN PROGRAM SERVICE IS TO PROMOTE THE LONG-TERM SUCCESS OF CHILDREN BY PREVENTING SUMMER LEARNING LOSS THROUGH IGNITING A PASSION FOR READING AND INSPIRING A LOVE OF LEARNING. FSP RETURNED TO IN-PERSON PROGRAMMING DURING THE 2021 SUMMER, OPERATING 10 FREEDOM SCHOOL SITES ACROSS CHARLOTTE, AS WELL AS A VIRTUAL PROGRAM KNOWN AS FREEDOM SCHOOL @ HOME, AND SERVING 434 SCHOLARS. FSP EXTENDED ITS PARTNERSHIP EFFORTS AND WORKED WITH 10 LOCAL AGENCIES TO SUPPORT THE DISTRIBUTION OF BOOKS, ENRICHMENT KITS, AND ESSENTIAL FAMILY RESOURCES. FSP SERVED 448 SCHOLARS THROUGH THIS PROGRAM.OUR INCOME COMES FROM SEVERAL SOURCES: 1) SITE PARTNERS, WHO CONTRIBUTE ALL OR SOME OF THE COSTS ASSOCIATED WITH RUNNING FREEDOM SCHOOLS2) CORPORATIONS, FOUNDATIONS AND INDIVIDUALS THAT PROVIDE RESTRICTED OR UNRESTRICTED GIFTS TO FUND FREEDOM SCHOOLS OR OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenda Bernhardt CEO | Officer | 40 | $148,325 |
Jim Gallagher Finance Chair | OfficerTrustee | 1 | $0 |
Laura Smith Vice-Chair | OfficerTrustee | 1 | $0 |
Kevin Wright Chair,executive | OfficerTrustee | 1 | $0 |
Sharon Goodwine Director | Trustee | 1 | $0 |
Jim Williams Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $152,281 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,903,315 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,055,596 |
| Total Program Service Revenue | $5,040 |
| Investment income | $1,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,876 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,060,440 |
| 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. | $157,699 |
| Compensation of current officers, directors, key employees. | $15,770 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $969,342 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $97,054 |
| Payroll taxes | $84,622 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,426 |
| Advertising and promotion | $43,989 |
| Office expenses | $0 |
| Information technology | $7,616 |
| Royalties | $0 |
| Occupancy | $45,120 |
| Travel | $15,421 |
| 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 | $3,173 |
| Insurance | $20,478 |
| All other expenses | $100,260 |
| Total functional expenses | $2,120,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,612 |
| Savings and temporary cash investments | $1,087,984 |
| Pledges and grants receivable | $24,248 |
| Accounts receivable, net | $0 |
| 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 | $45,403 |
| Net Land, buildings, and equipment | $8,559 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $276,539 |
| Total assets | $1,495,345 |
| Accounts payable and accrued expenses | $40,959 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| 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 | $0 |
| Total liabilities | $50,959 |
| Net assets without donor restrictions | $1,232,640 |
| Net assets with donor restrictions | $211,746 |
| 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 | $1,495,345 |
Grants Recieved
Over the last fiscal year, we have identified 38 grants that Freedom School Partners Inc has recieved totaling $957,812.
| Awarding Organization | Amount |
|---|---|
Albemarle Foundation Charlotte, NC PURPOSE: PROGRAM ASSISTANCE | $225,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $200,904 |
The Merancas Foundation Inc Charlotte, NC PURPOSE: OPERATING SUPPORT FOR SUMMER CAMPS F | $200,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $67,337 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $67,337 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth Enrichment Program Of Wilson Wilson, NC | $22,968,665 | $15,099,824 |
Seeding Success Memphis, TN | $15,830,696 | $16,460,800 |
National Association Of Competitive Soccer Clubs Myrtle Beach, SC | $2,349,314 | $12,740,248 |
Emerald Youth Foundation Knoxville, TN | $26,135,509 | $10,102,853 |
National Honorary Beta Club Spartanburg, SC | $16,976,895 | $7,178,910 |
Girls On The Run International Charlotte, NC | $10,723,648 | $6,480,865 |
Tennessee Soccer Club Inc Brentwood, TN | $2,122,655 | $5,672,715 |
Impact Living Services Forest, VA | $3,151,473 | $6,118,517 |
Richmond First Tee Richmond, VA | $10,036,196 | $3,399,029 |
Corners Outreach Inc Peachtree Corners, GA | $1,471,202 | $3,739,961 |
Skillsusa Foundation Inc Leesburg, VA | $0 | $2,681,875 |
Horizons Atlanta Inc Atlanta, GA | $3,035,876 | $3,541,460 |