Freeman Family Foundation
- Assets
- $518.2k
- Revenue
- $36.6k
- Investments
- $477.0k
- Employees
- 0
- Location
- Needham, MA
- Founding
- 10/2008
- Data as of
- 12/2022
- EIN
- 87-6258405
Organization Overview
Freeman Family Foundation is located in Needham, MA. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Freeman Family 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 12/2022, Freeman Family Foundation generated $36.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $88.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Freeman Family Foundation has awarded 39 individual grants totaling $427,405. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott D Freeman Trustee | 0 | $0 | |
Kristine M Freeman Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,030 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,512 |
| Capital Gain Net Income | $18,512 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $32 |
| Total Revenue | $36,574 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,880 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,139 |
| Total operating and administrative expenses | $6,014 |
| Contributions, gifts, grants paid | $82,750 |
| Total expenses and disbursements | $88,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,355 |
| Savings and temporary cash investments | $14,364 |
| 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 | $1,560 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $476,955 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $518,234 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Freeman Family Foundation has awarded $82,750 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BATES COLLEGE PURPOSE: EDUCATION | $60,000 |
BETH ISRAEL DEACONESS HOSPITAL PURPOSE: MEDICAL | $1,000 |
THE UMBRELLA ARTS CENTER PURPOSE: ARTS EDUCATION | $1,000 |
BRIGHT INVENTION INC PURPOSE: EDUCATION | $1,250 |
TEMPLE BETH AVODAH PURPOSE: RELIGIOUS | $2,500 |
SVAROOPA VIDYA ASHRAM PURPOSE: EDUCATION | $12,000 |