Freedom Foundation
- Assets
- $1.2m
- Revenue
- $107.2k
- Investments
- $1.2m
- Employees
- 0
- Location
- Flower Mound, TX
- Founding
- 05/1999
- Data as of
- 12/2023
- EIN
- 75-2790350
Organization Overview
Freedom Foundation is located in Flower Mound, TX. The organization was established in 1999. 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. 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, Freedom Foundation generated $107.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $142.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Freedom Foundation has awarded 217 individual grants totaling $404,779. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIVIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael D Canterbury President | 20 | $24,000 | |
Anneliese Adams Canterbury Secretary | 1 | $9,996 | |
Dennis W Lewis Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,274 |
| Interest on Savings | $835 |
| Dividends & Interest | $79,988 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,488 |
| Capital Gain Net Income | $23,012 |
| Net ST Capital Gain | $23,012 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $588 |
| Total Revenue | $107,173 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,996 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,846 |
| Depreciation | $0 |
| Occupancy | $10,404 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44,567 |
| Total operating and administrative expenses | $115,334 |
| Contributions, gifts, grants paid | $26,944 |
| Total expenses and disbursements | $142,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,394 |
| 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 | $28,743 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,229 |
| Total assets | $1,232,788 |
| Accounts payable and accrued expenses | $0 |
| 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 | $323 |
| Total liabilities | $323 |
Grants Awarded
Over the last fiscal year, Freedom Foundation has awarded $26,944 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
EMILY'S PLACE PURPOSE: CIVIC | $8,795 |
JOURNEY TO DREAM PURPOSE: CIVIC | $4,815 |
JUST SAY YES PURPOSE: CIVIC | $1,639 |
METROCREST SERVICES PURPOSE: CIVIC | $5,520 |
OUR CALLING PURPOSE: CIVIC | $1,015 |
PHILANTHROPY SOUTHWEST PURPOSE: CIVIC | $495 |