Freedom International Ministries Inc
- Assets
- $6.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 19
- Location
- Indianapolis, IN
- Founding
- 01/2009
- Data as of
- 12/2022
- EIN
- 61-1584586
Organization Overview
Freedom International Ministries Inc is located in Indianapolis, IN. The organization was established in 2009. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Freedom International Ministries Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedom International Ministries 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 12/2022, Freedom International Ministries Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 18.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PLANT AND ESTABLISH CHURCHES AND AN ENGLISH SPEAKING SCHOOL IN THE SUGAR CANE VILLAGES OF THE DOMINICAN REPUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE MONEY TO SUPPORT MISSIONARY FAMILIES IN THE DOMINICAN REPUBLIC TO ESTABLISH AND MAINTAIN A SCHOOL IN THE CITY OF RAMON SANTANA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Mitchener President | Officer | 40 | $73,465 |
Stephen Reed Treasurer | Officer | 4 | $0 |
William Sales Chairman | Officer | 2 | $0 |
Steve Stuk Board Member | Trustee | 2 | $0 |
Daniel Kittell Board Member | Trustee | 2 | $0 |
Aaron Carroll Board Member | Trustee | 2 | $0 |
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 | $2,241,933 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,241,933 |
| Total Program Service Revenue | $0 |
| Investment income | $11,312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,123 |
| Net Gain/Loss on Asset Sales | $1,582 |
| Net Income from Fundraising Events | $7,834 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,320,765 |
| 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 | $1,310,377 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $58,354 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,140 |
| Fees for services: Accounting | $23,322 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $872,136 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $110,901 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,379,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382,871 |
| Savings and temporary cash investments | $2,125,723 |
| 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 | $0 |
| Inventories for sale or use | $13,326 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,624,831 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,146,751 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,834 |
| Total liabilities | $2,834 |
| Net assets without donor restrictions | $4,411,277 |
| Net assets with donor restrictions | $1,732,640 |
| 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 | $6,146,751 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Freedom International Ministries Inc has recieved totaling $96,683.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $58,120 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: SPECIAL PROJECT | $21,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,006 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $5,600 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: MISSIONARY SUPPORT | $5,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $457 |
Endowment Analysis
| Earnings | -$4,888 |
| Net Contributions | $202,283 |
| Ending Balance | $197,395 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nph-Usa Chicago, IL | $9,523,398 | $16,657,427 |
One Collective Nfp Elgin, IL | $3,863,320 | $13,470,210 |
International Disaster Emergency Service Inc Noblesville, IN | $11,197,489 | $11,811,244 |
One World Surgery Deerfield, IL | $14,992,462 | $10,254,872 |
Meds & Food For Kids St Louis, MO | $9,342,329 | $4,463,955 |
Destiny Rescue Usa Inc Fort Wayne, IN | $2,159,510 | $4,562,393 |
Certell Inc Indianapolis, IN | $2,456,190 | $3,831,177 |
International Call Organization Inc Bridgeview, IL | $172,328 | $3,856,996 |
Heroic Hearts Organization Nfp Wheaton, IL | $2,259,688 | $4,346,155 |
Fabretto Childrens Foundation Inc Evanston, IL | $2,557,246 | $3,318,965 |
Project Peanut Butter Maplewood, MO | $330,911 | $3,451,055 |
Refushe Inc Chicago, IL | $1,774,493 | $2,727,834 |