Freedom House Inc
- Assets
- $3.5m
- Revenue
- $947.8k
- Investments
- $0.0
- Employees
- 10
- Location
- Dorchester, MA
- Founding
- 11/1988
- Data as of
- 12/2021
- EIN
- 04-2240448
Organization Overview
Freedom House Inc is located in Dorchester, MA. The organization was established in 1988. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Freedom House Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedom House 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 12/2021, Freedom House Inc generated $947.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LEADERSHIP AND STEWARDSHIP FOR BOSTON'S MOST DISTRESSED URBAN NEIGHBORHOODS IN ORDER TO ALLEVIATE POVERTY, INCREASE CIVIC ENGAGEMENT AND SOCIAL INNOVATION AND TO IMPROVE HIGH SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES OPPORTUNITIES FOR MINORITY AND LOW INCOME YOUTH TO ATTEND COLLEGE, STRENGTHEN THEIR ACADEMIC SKILLS AND LEARN LEADERSHIP SKILLS.
OFFERS AFFORDABLE COMPUTER BASED TRAINING AND LEARNING OPPORTUNITIES TO COMMUNITY RESIDENTS.
SEEKS TO CONVENE AND ENGAGE ALL COMMUNITY RESIDENTS IN ADVOCACY AND PARTNERSHIP EFFORTS THAT ENHANCE THE UNDERSTANDING OF AND REDUCE EDUCATION DISPARITIES WITHIN LOW INCOME COMMUNITIES OF COLOR IN BOSTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katrina Shaw CEO | Officer | 40 | $114,811 |
Andrew Sobers President | OfficerTrustee | 1 | $0 |
Lori Smith-Britton Board Member | OfficerTrustee | 1 | $0 |
Antoinette Coakley Board Member | OfficerTrustee | 1 | $0 |
Susan O'connor Board Member | Officer | 1 | $0 |
Gintas Krisciunas Secretary | Officer | 1 | $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 | $940,073 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $940,073 |
| Total Program Service Revenue | $0 |
| Investment income | $379 |
| 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 | $947,827 |
| 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. | $114,811 |
| Compensation of current officers, directors, key employees. | $34,443 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $394,733 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,484 |
| Payroll taxes | $22,464 |
| Fees for services: Management | $44,474 |
| Fees for services: Legal | $9,000 |
| Fees for services: Accounting | $10,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,483 |
| Office expenses | $5,883 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,203 |
| 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 | $119,626 |
| Insurance | $32,426 |
| All other expenses | $176,423 |
| Total functional expenses | $1,130,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $843,230 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,175 |
| 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 | $2,657,625 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,503,030 |
| Accounts payable and accrued expenses | $22,683 |
| 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 | $1,123,392 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,068 |
| Total liabilities | $1,166,143 |
| Net assets without donor restrictions | $2,336,018 |
| Net assets with donor restrictions | $869 |
| 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 | $3,503,030 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Freedom House Inc has recieved totaling $457,409.
| Awarding Organization | Amount |
|---|---|
Boston After School & Beyond Inc Boston, MA PURPOSE: TO FURTHER THE MISSION OF THE SUMMER LEARNING COMMUNITY AND THE OUT-OF-SCHOOL TIME INITIATIVE | $307,403 |
Amelia Peabody Foundation Wellesley, MA PURPOSE: PREPARING URBAN STUDENTS FOR SUCCESS IN HIGHER EDUCATION | $50,000 |
National Grid Foundation Hicksville, NY PURPOSE: PREPARING URBAN STUDENTS FOR SUCCESS IN HIGHER EDUCATION (PUSH) | $25,000 |
Wellington Management Foundation Boston, MA PURPOSE: See Part IV | $25,000 |
Charles M Cox Trust U Ind T 1179 C/O State Bk & Trust Co Ttees Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $22,120 |
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Catholic Schools Foundation Inc Boston, MA | $110,171,239 | $27,305,892 |
Echoing Green Inc New York, NY | $60,744,468 | $19,754,073 |
Partnership For Ed Advancement Inc New York, NY | $36,194,552 | $41,198,488 |
Alavi Foundation New York, NY | $64,468,510 | $30,201,673 |
Uncommon Lender Inc New York, NY | $174,239,408 | $12,168,791 |
Family Enrichment Network Inc Johnson City, NY | $8,020,609 | $12,621,621 |
Laspau Inc Cambridge, MA | $9,172,350 | $9,862,515 |
Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |