Torch Of Freedom Foundation
- Assets
- $5.9m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 17
- Location
- Dripping Springs, TX
- Founding
- 04/2002
- Data as of
- 12/2023
- EIN
- 74-2967066
Organization Overview
Torch Of Freedom Foundation is located in Dripping Springs, TX. The organization was established in 2002. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Torch Of Freedom Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Torch Of Freedom Foundation 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 12/2023, Torch Of Freedom Foundation generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $4.1m during the year ending 12/2023. While expenses have increased by 29.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROTECT AND PRESERVE LIBERTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE INSTRUCTION AND TRAINING IN THE AREAS OF CIVIC INVOLVEMENT, HISTORY, THE LEGISLATIVE PROCESS, PUBLIC POLICY, AND PUBLIC SPEAKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Macias For. Exec. Dir. | OfficerTrustee | 40 | $124,176 |
Rick Green President | OfficerTrustee | 40 | $79,207 |
Trey Green Executive Dir. | OfficerTrustee | 40 | $77,491 |
Kara Green Director | Trustee | 40 | $50,625 |
Tracey Dean Director | Trustee | 1 | $0 |
Deidra Voigt Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ackley Defense Construction | 12/30/23 | $162,152 |
Rafferty Paving Construction | 12/30/23 | $178,252 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,025 |
| Related organizations | $0 |
| Government grants | $15,566 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,065,833 |
| Noncash contributions included in lines 1a–1f | $52,840 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,101,424 |
| Total Program Service Revenue | $1,460,280 |
| Investment income | $26,819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,510 |
| Net Gain/Loss on Asset Sales | -$7,449 |
| Net Income from Fundraising Events | $79,145 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,669,638 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,246 |
| 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. | $203,384 |
| Compensation of current officers, directors, key employees. | $55,343 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $747,345 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $52,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,133 |
| Fees for services: Accounting | $61,807 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $36,908 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $736,007 |
| Advertising and promotion | $319,661 |
| Office expenses | $9,601 |
| Information technology | $50,141 |
| Royalties | $0 |
| Occupancy | $141,228 |
| Travel | $189,671 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $110,820 |
| Interest | $234,238 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,260 |
| Insurance | $26,216 |
| All other expenses | $367,977 |
| Total functional expenses | $4,056,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,862 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,634,903 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,166 |
| Total assets | $5,935,931 |
| 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 | $3,770,313 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,077 |
| Total liabilities | $3,816,390 |
| Net assets without donor restrictions | $0 |
| 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 | $2,119,541 |
| Total liabilities and net assets/fund balances | $5,935,931 |