Joshua M Freeman Foundation
- Assets
- $8.8m
- Revenue
- $13.0m
- Investments
- $0.0
- Employees
- 111
- Location
- Selbyville, DE
- Founding
- 01/2009
- Data as of
- 12/2023
- EIN
- 20-8592383
Organization Overview
Joshua M Freeman Foundation is located in Selbyville, DE. The organization was established in 2009. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Joshua M Freeman Foundation employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joshua M Freeman 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 12/2023, Joshua M Freeman Foundation generated $13.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $11.9m during the year ending 12/2023. While expenses have increased by 18.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOSHUA M. FREEMAN FOUNDATION (JMFF) IS A NOT-FOR-PROFIT ORGANIZATION, INCORPORATED IN THE STATE OF DELAWARE IN 2007. JMFF HAS AN INDEPENDENT PUBLIC BOARD REPRESENTING THE COMMUNITY IT SERVES. ITS PURPOSE IS CREATING OPPORTUNITIES THAT ELEVATE THE HUMAN SPIRIT. ITS CURRENT PRINCIPAL ACTIVITY IS THROUGH TWO PROGRAMS, THE ARTS ACCESS INITIATIVE AND FREEMAN ARTS PAVILION, OUR OUTSIDE PERFORMANCE VENUE. COLLECTIVELY, OVER 133,429 PATRONS ENJOYED ARTS PROGRAMMING PRESENTED BY JMFF IN 2023. THE ARTS ACCESS INITIATIVE PROGRAM PROVIDES K-12 STUDENTS, COMMUNITY PARTNERS AND FAMILIES THROUGHOUT DELMARVA ACCESS TO YEAR-ROUND, HIGH-QUALITY, DIVERSE ARTS EXPERIENCES AT NO COST. PROGRAMMING FOR THE ARTS ACCESS INITIATIVE INCLUDES LIVE MUSIC, DANCE, COMEDY AND MANY OTHER FORMS OF THE ARTS THROUGH PERFORMANCES AT FREEMAN ARTS PAVILION THROUGHOUT THE SUMMER MONTHS, AS WELL AS YEAR-ROUND ARTS OPPORTUNITIES WITH OUR PARTNER LOCATIONS THROUGHOUT DELMARVA. DURING 2023, 25,203 PARTICIPANTS ENJOYED ARTS ACCESS INITIATIVE PROGRAMMING, WHICH IS AT THE CORE OF JMFF'S MISSION. THE FREEMAN ARTS PAVILION PROGRAM IS OUR OUTDOOR PERFORMANCE VENUE IN SELBYVILLE, DE AND IS A WELL-KNOWN ARTS DESTINATION IN THE REGION. DURING THE JUNE THROUGH SEPTEMBER 2023 SEASON, THERE WERE 67 PERFORMANCES AND A TOTAL OF 591 ARTISTS THAT GRACED THE PAVILION'S STAGE. IN TOTAL, 108,226 PATRONS FROM OVER 46 STATES ENJOYED LIVE ARTS PERFORMANCES SAFELY AT THE PAVILION'S OUTDOOR SETTING. THE PATRON ATTENDANCE OF THE ARTS PROGRAMMING PRESENTED BY JMFF HAS DRIVEN TOURISM AND ECONOMIC IMPACT TO THE AREA. PURSUANT TO AN INDEPENDENT STUDY CONDUCTED BY THE UNIVERSITY OF DELAWARE IN 2022, JMFF AND FREEMAN ARTS PAVILION CREATED OVER $18M IN ANNUAL ECONOMIC IMPACT IN THE REGION. JMFF'S VISION OF TRANSFORMING LIVES THROUGH THE ARTS WILL CONTINUE AS WE STRATEGICALLY EXPAND DIVERSE PROGRAMMING WHICH PROVIDES ACCESS FOR ALL TO ENJOY LIVE ARTS EXPERIENCES AND PRESENT WORLD CLASS ARTISTS THAT ENHANCE THE QUALITY OF LIFE FOR THE ENTIRE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Freeman Chair/president | OfficerTrustee | 10 | $0 |
Christine Shreve Vice President/director | OfficerTrustee | 2 | $0 |
Ginger Ward Treasurer/director | OfficerTrustee | 1 | $0 |
Todd Flubacher Secretary/director | OfficerTrustee | 1 | $0 |
Sara Chase Carlson Director | Trustee | 1 | $0 |
L Drexel Davison Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Creative Artists Agency Artist Booking Agent | 12/30/23 | $530,225 |
Mid South Audio Llc Production Vendor | 12/30/23 | $422,866 |
Wasserman Music Llc Artist Booking Agent | 12/30/23 | $321,250 |
Jay Delp Productions Production Vendor | 12/30/23 | $209,450 |
Team Productions Llc Production Vendor | 12/30/23 | $203,277 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $226,007 |
| Related organizations | $0 |
| Government grants | $1,200,966 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,719,041 |
| Noncash contributions included in lines 1a–1f | $69,559 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,146,014 |
| Total Program Service Revenue | $6,608,421 |
| Investment income | $500,923 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$242,292 |
| Net Income from Fundraising Events | -$29,723 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,579,842 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,002,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,055,391 |
| 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. | $270,947 |
| Compensation of current officers, directors, key employees. | $27,095 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,964,166 |
| Pension plan accruals and contributions | $54,125 |
| Other employee benefits | $194,738 |
| Payroll taxes | $157,534 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,760 |
| Fees for services: Accounting | $42,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,428 |
| Fees for services: Other | $162,983 |
| Advertising and promotion | $367,144 |
| Office expenses | $37,912 |
| Information technology | $180,644 |
| Royalties | $0 |
| Occupancy | $132,487 |
| Travel | $40,373 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,288 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $159,883 |
| Insurance | $329,004 |
| All other expenses | $276,886 |
| Total functional expenses | $11,911,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,128 |
| Savings and temporary cash investments | $3,237,363 |
| Pledges and grants receivable | $811,782 |
| 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 | $26,609 |
| Net Land, buildings, and equipment | $767,956 |
| Investments—publicly traded securities | $3,591,416 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $252,576 |
| Total assets | $8,764,830 |
| Accounts payable and accrued expenses | $180,209 |
| Grants payable | $0 |
| Deferred revenue | $12,275 |
| 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 | $838,015 |
| Total liabilities | $1,030,499 |
| Net assets without donor restrictions | $6,910,300 |
| Net assets with donor restrictions | $824,031 |
| 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 | $8,764,830 |