Freedom Forum Institute Inc
- Assets
- $1.1m
- Revenue
- $815.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 03/2005
- Data as of
- 12/2021
- EIN
- 20-0617900
Organization Overview
Freedom Forum Institute Inc is located in Nashville, TN. The organization was established in 2005. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedom Forum Institute 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 Forum Institute Inc generated $815.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.7%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.5%) per year over the past 7 years. 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
THE MISSION OF THE FREEDOM FORUM INSTITUTE IS TO CHAMPION THE FIVE FREEDOMS OF THE FIRST AMENDMENT THROUGH EDUCATION AND ENTERTAINMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RELIGIOUS FREEDOM CENTER DEPARTMENT IS A NONPARTISAN NATIONAL INITIATIVE FOCUSED ON EDUCATING THE AMERICAN PUBLIC ABOUT THE RELIGIOUS LIBERTY PRINCIPLES OF THE FIRST AMENDMENT.
THE POWER SHIFT PROJECT'S GOAL IS TO CREATE WORKPLACES FREE OF HARASSMENT, DISCRIMINATION AND INCIVILITY, AND FULL OF OPPORTUNITY.
THE NEWSEUM EDUCATION DEPARTMENT LEVERAGES THE NEWSEUM'S CONTENT TO PROVIDE PROGRAMS AND RESOURCES ONSITE, ONLINE AND IN THE COMMUNITY TO STUDENTS IN GRADES 3-COLLEGE, EDUCATORS AND OTHER LIFELONG LEARNERS INCLUDING CORPORATE, GOVERNMENT AND INTERNATIONAL AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Orage Quarles III Secretary | OfficerTrustee | 1 | $0 |
James W Abbott Chair | OfficerTrustee | 1 | $0 |
Nicole F Mandeville Svp,cfo/treasurer - Until 08/2021 | Officer | 1 | $0 |
Cindy Keith Chief Hr Officer/vp | Officer | 1 | $0 |
Sherry Minear Treasurer, Cfo, Chief Admin Officer | Officer | 1 | $0 |
Emily Nicholson Simcox Vp, Development | Officer | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jill Geisler Consulting | 12/30/19 | $106,296 |
Restaurant Associates Catering Services | 12/30/19 | $198,048 |
Colleen Fitzpatrick Consulting | 12/30/19 | $102,229 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $39,462 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $316,437 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $355,899 |
| Total Program Service Revenue | $443,485 |
| Investment income | $516 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,097 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $815,803 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,885 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $395,043 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $225,110 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,978 |
| Fees for services: Accounting | $8,466 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $282,518 |
| Advertising and promotion | $90,210 |
| Office expenses | $17,458 |
| Information technology | $4,546 |
| Royalties | $0 |
| Occupancy | $90,360 |
| Travel | $1,533 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $93,849 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,180 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,319,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550,000 |
| Savings and temporary cash investments | $561,103 |
| Pledges and grants receivable | $11,007 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,122,110 |
| Accounts payable and accrued expenses | $4,500 |
| Grants payable | $15,500 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $709,976 |
| Total liabilities | $729,976 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $392,134 |
| 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 | $1,122,110 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Freedom Forum Institute Inc has recieved totaling $25,051.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $17,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $8,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $51 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Emory University Decatur, GA | $5,794,825 | $19,416,810 |
Troy University Foundation Troy State University, AL | $216,795,680 | $14,891,109 |
Crown College Powell, TN | $16,563,165 | $8,650,181 |
University Of Central Arkansas Foundation Inc Conway, AR | $76,302,395 | $12,983,167 |
Amridge University Inc Montgomery, AL | $15,939,891 | $8,229,129 |
Appalachian College Of Pharmacy Oakwood, VA | $36,195,397 | $7,728,362 |
Austin Peay State University Foundation Clarksville, TN | $60,731,234 | $13,661,420 |
University Of Tennessee Research Foundation Knoxville, TN | $82,756,683 | $8,787,700 |
School Of Media And Journalism Foundation Of North Carolina Inc Chapel Hill, NC | $50,008,414 | $6,859,944 |
Calvary University Kansas City, MO | $12,316,825 | $1,875,961 |
Virginia Commonwealth University Real Estate Foundation Richmond, VA | $95,872,198 | $7,982,693 |
Western Carolina University Foundation Cullowhee, NC | $76,335,154 | $7,286,676 |