The Freedom & Virtue Institute Inc
- Assets
- $294.1k
- Revenue
- $375.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Fort Myers, FL
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 20-2927564
Organization Overview
The Freedom & Virtue Institute Inc is located in Fort Myers, FL. The organization was established in 2009. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Freedom & Virtue Institute Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedom & Virtue 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 & Virtue Institute Inc generated $375.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $239.1k during the year ending 12/2021. While expenses have increased by 8.0% per year over the past 7 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
THE INSTITUTE'S PRIMARY EXEMPT PURPOSE IS CONDUCTING EDUCATIONAL TRAINING FOR CHURCHES, NON-PROFITS, BUSINESSES AND SERVICE PROJECTS WITH CHILDREN IN THE AREA OF EFFECTIVE COMPASSION AND PERSONAL RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE HELD 14 "EFFECTIVE COMPASSION" TRAINING SESSIONS BENEFITTING 500 PEOPLE THROUGHOUT SOUTHWEST FLORIDA.
THE INSTITUTE OPERATED 17 SELF-RELIANCE CLUBS IN SOUTHWEST FLORIDA.
THE INSTITUTE HELD APPROXIMATELY 30 EDUCATIONAL TRAINING SESSIONS AND 15 CONFERENCE LECTURES ON TOPICS OF POVERTY AND RACE RELATIONS BENEFITING MORE THAN 1,200 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neftali J Feliciano Chairman | OfficerTrustee | $0 | |
Lisa Curry Treasurer | Trustee | $0 | |
Victor Claar Director | Trustee | $0 | |
Jaha Cummins Vice Chairma | Trustee | $0 | |
Samuel Rodriguez Director | Trustee | $0 | |
Nancy Mcgovern Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $164,402 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,538 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,940 |
| Total Program Service Revenue | $174,562 |
| Investment income | $0 |
| 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 | $375,502 |
| 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 | $450 |
| 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 | $165,946 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,609 |
| Advertising and promotion | $4,497 |
| Office expenses | $7,762 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,113 |
| Travel | $8,968 |
| 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 | $0 |
| Insurance | $1,300 |
| All other expenses | $0 |
| Total functional expenses | $239,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,958 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $2,175 |
| Total assets | $294,133 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,421 |
| Total liabilities | $12,421 |
| Net assets without donor restrictions | $281,712 |
| Net assets with donor restrictions | $0 |
| 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 | $294,133 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Freedom & Virtue Institute Inc has recieved totaling $65,000.
| Awarding Organization | Amount |
|---|---|
Francis And Kathleen Rooney Foundation Tulsa, OK PURPOSE: GENERAL FUND | $50,000 |
John E & Aliese Price Foundation Inc Fort Myers, FL PURPOSE: SELF-REL CLUBS, YOUNG ENTREP FAIRS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Investor Action Fund Inc Atlanta, GA | $1,202,318 | $9,887,043 |
Sylacauga Alliance For Family Enhancement Inc - Safe Sylacauga, AL | $1,918,841 | $3,896,450 |
South Florida Wellness Network Inc Fort Lauderdale, FL | $4,307,428 | $4,917,474 |
Stiller Family Foundation West Palm Beach, FL | $88,100 | $2,176,714 |
Center For Executive Leadership Inc Birmingham, AL | $2,490,667 | $2,959,899 |
Haitian Neighborhood Center Sant La Inc North Miami, FL | $5,027,572 | $2,806,472 |
Intown Collaborative Ministries Atlanta, GA | $816,682 | $2,226,002 |
2-1-1 Big Bend Inc Tallahassee, FL | $1,079,440 | $1,869,822 |
Easter Seals East Georgia Inc Augusta, GA | $1,886,077 | $733,248 |
Collier Harvest Foundation Naples, FL | $738,764 | $1,426,424 |
Lifechoices Womens Care Inc Lutz, FL | $372,817 | $1,044,138 |
The Path Project Inc Monroe, GA | $774,045 | $1,370,431 |