Freedom Lake Inc, operating under the name Freedom Lake Ministries, is located in Louisville, KY. The organization was established in 2017. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Freedom Lake Ministries employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedom Lake Ministries 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 Lake Ministries generated $575.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 43.0% each year . All expenses for the organization totaled $614.8k during the year ending 12/2023. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREEDOM LAKE MINISTRIES IS LED THROUGH THE MINISTRY OF TONY AND KIM CASH IN SERVING THOSE INCARCERATED IN A HALFWAY HOUSE (A PRISON WITH 328 BEDS) IN WEST LOUISVILLE. DURING 2023, THE ORGANIZATION WORKED IN THE INSTITUTION SIX DAYS-PER-WEEK TO MINISTER TO AND DISCIPLE THE INCARCERATED MEN. IT HAD BEEN PREVIOUSLY CONFIRMED THAT THERE WAS A GREAT NEED FOR A SAFE AND QUIET PLACE TO ALLOW THOSE COMMITTED TO SPIRITUAL GROWTH TO FURTHER DEVELOP AND PRACTICE THE SPIRITUAL HABITS BEING TAUGHT. AS A RESULT, A DEDICATED DISCIPLESHIP DORM INSIDE THE INSTITUTION WAS LAUNCHED. A 12-WEEK DISCIPLESHIP TRAINING PROGRAM IS OFFERED TO THOSE INSIDE THE FACILITY THAT WISH TO PARTICIPATE IN THE PROGRAM. ACTIVE LEADERS WITHIN THAT MORE GENERAL DISCIPLESHIP GROUP ARE THEN ACCEPTED INTO THIS MORE INTENSIVE TRAINING. THESE MEN THEN BECOME ELIGIBLE TO BE INVITED INTO THE DORM THROUGH A VOTE BY OTHER PARTICIPANTS. DURING 2023, FREEDOM LAKE ACQUIRED PROPERTY TO SUPPORT PROGRAM PARTICIPANTS WHO WISHED TO CONTINUE THEIR JOURNEY AFTER BEING RELEASED FROM INCARCERATION. THE ORGANIZATION LAUNCHED A LIVE-IN REFUGE TO HOUSE MEN FOR A PERIOD OF TWELVE TO TWENTY-FOUR MONTHS WHERE THEY CONTINUE TO FOCUS ON THEIR SPIRITUAL GROWTH, HAVE STRUCTURE, WORK RESPONSIBILITIES AND DEVELOP THE NECESSARY SELF-DISCIPLINE THAT WILL BE REQUIRED TO CONTINUE THEIR SPIRITUAL WALK AND SUCCESSFULLY RE-ENTER SOCIETY. DURING 2023,THE ORGANIZATION CONDUCTED 208 BIBLE STUDIES, SERVED 116 FELLOWSHIP MEALS, HELD 104 DISCIPLESHIP ACTIVITIES AND PROVIDED 3,285 HOURS OF MENTORSHIP. THE ORGANIZATION FACILITATED 480 MEN TAKING THEIR FIRST STEP TOWARD A PERSONAL RELATIONSHIP WITH JESUS CHRIST, BAPTIZING 137 MEN, AND WITNESSING HUNDREDS OF MEN FIND RENEWED HOPE AND PURPOSE IN THEIR LIVES.
GOD'S HARVEST EVENT IS HELD ANNUALLY AS AN OPPORTUNITY FOR THOSE MEN PARTICIPATING IN THE FREEDOM LAKE PROGRAMMING TO FURTHER DEVELOP THEIR TESTIMONY, DEVELOP PRESENTATION SKILLS AND PRESENT TO A LARGER AUDIENCE. THIS CREATES ADDITIONAL SELF-CONFIDENCE AND SKILLS THAT WILL SUPPORT THEIR DEVELOPMENT INTO A LIFE ON MISSION TO BE DISCIPLES WHO MAKE DISCIPLES WHO MAKE DISCIPLES IN THE COMMUNITIES IN WHICH THEY ULTIMATELY LIVE AND SERVE. ATTENDEES ARE PROVIDED INSIGHTS INTO THE CHALLENGES FACED BY THOSE IN THE PRISON SYSTEM BOTH DURING THEIR TIME IN THE SYSTEM AS WELL AS UPON THEIR RE-ENTRY INTO SOCIETY INCLUDING CHALLENGES THAT OFTEN LEAD TO RECIDIVISM. ATTENDEES ARE ALSO PROVIDED WITH OPPORTUNITIES TO BECOME MORE INVOLVED INCLUDING MENTORING, PRAYER SUPPORT, FINANCIAL SUPPORT, ETC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mr Anthony Cash Board Chair And CEO | OfficerTrustee | 60 | $73,065 |
Ms Kim Cash Chief Operating Officer | Officer | 60 | $58,376 |
Mr Mark Snyder Secretary Thru January 2023 | Trustee | 0.1 | $0 |
Ms Diane Cornwell Secreary And Treasurer | Trustee | 4 | $0 |
Andrew Hanlein Board Member | Trustee | 0.25 | $0 |
Scott Hill Board Member | Trustee | 0.25 | $0 |
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 | $557,787 |
Noncash contributions included in lines 1a–1f | $6,472 |
Total Revenue from Contributions, Gifts, Grants & Similar | $557,787 |
Total Program Service Revenue | $8,785 |
Investment income | $9,322 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $575,894 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $38,394 |
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. | $105,075 |
Compensation of current officers, directors, key employees. | $9,792 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $17,638 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $11,259 |
Fees for services: Management | $5,377 |
Fees for services: Legal | $8,148 |
Fees for services: Accounting | $11,100 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $95,742 |
Advertising and promotion | $7,574 |
Office expenses | $14,905 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $24,351 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $91,753 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $26,407 |
Insurance | $15,524 |
All other expenses | $0 |
Total functional expenses | $614,824 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $154,206 |
Savings and temporary cash investments | $327,931 |
Pledges and grants receivable | $155,000 |
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 | $9,759 |
Net Land, buildings, and equipment | $2,067,475 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $20,718 |
Total assets | $2,735,089 |
Accounts payable and accrued expenses | $34,426 |
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 | $2,120,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $2,154,426 |
Net assets without donor restrictions | $27,134 |
Net assets with donor restrictions | $553,529 |
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 | $2,735,089 |