Free Family Foundation Corp
- Assets
- $13.7m
- Revenue
- $4.3m
- Investments
- $12.4m
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 59-3611945
Organization Overview
Free Family Foundation Corp is located in Tampa, FL. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Free Family Foundation Corp 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 12/2022, Free Family Foundation Corp generated $4.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 6.2% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS BEEN ESTABLISHED FOR THE PURPOSE OF PROVIDING FUNDS TO ORGANIZATIONS QUALIFIED UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
THE FOUNDATION HAS BEEN ESTABLISHED FOR THE PURPOSE OF PROVIDING FUNDS TO ORGANIZATIONS QUALIFIED UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carole J Free President | 2 | $0 | |
Diane E Hanlon Secretary | 4 | $0 | |
Douglas J Free Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,309,824 |
| Interest on Savings | $2,297 |
| Dividends & Interest | $186,084 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$224,587 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,011,159 |
| Total Revenue | $4,284,777 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,812 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $76,182 |
| Printing and publications | $0 |
| Other expenses | $351 |
| Total operating and administrative expenses | $360,165 |
| Contributions, gifts, grants paid | $2,274,650 |
| Total expenses and disbursements | $2,634,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,276,425 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Total assets | $13,711,904 |
| Accounts payable and accrued expenses | $2,334 |
| 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 | $2,334 |
Grants Awarded
Over the last fiscal year, Free Family Foundation Corp has awarded $2,905,360 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL CHRISTIAN FOUNDATION PURPOSE: GENERAL FUNDS | $1,450,000 |
NATIONAL CHRISTIAN FOUNDATION PURPOSE: GENERAL FUNDS | $2,680 |
NATIONAL CHRISTIAN FOUNDATION PURPOSE: GENERAL FUNDS | $1,450,000 |
NATIONAL CHRISTIAN FOUNDATION PURPOSE: GENERAL FUNDS | $2,680 |