Freedoms Foundation At Valley Forge
- Assets
- $12.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 16
- Location
- Valley Forge, PA
- Founding
- 06/1974
- Data as of
- 12/2022
- EIN
- 23-1657857
Organization Overview
Freedoms Foundation At Valley Forge is located in Valley Forge, PA. The organization was established in 1974. According to its NTEE Classification (R60) the organization is classified as: Civil Liberties, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2022, Freedoms Foundation At Valley Forge employed 16 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Freedoms Foundation At Valley Forge 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, Freedoms Foundation At Valley Forge generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CIVIC EDUCATION PROGRAMS TO TEACHERS AND STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIVIC EDUCATION: FREEDOMS FOUNDATION OFFERS EDUCATION PROGRAMS TARGETING PRIMARY AND SECONDARY SCHOOL STUDENTS. IN 2022, SIXTEEN PROGRAMS FOR 732 PRIMARY SCHOOL STUDENTS FOCUSED ON THE FOUNDING OF THE COUNTRY AND ESTABLISHING DEEPLY PERSONAL CONNECTIONS TO HISTORY. FIFTEEN PROGRAMS FOR 614 HIGH SCHOOL AND COLLEGE STUDENTS FOCUSED ON CIVIC RESPONSIBILITY, AMERICAN HISTORY, AND THE FOUNDING DOCUMENTS. IN 2022, PROGRAMS WERE HELD IN PERSON ON OUR 72-ACRE CAMPUS AND INCLUDED NEARLY 30,000 HOURS OF STUDENT INSTRUCTION IN CIVIC EDUCATION.(CONTINUED ON SCHEDULE O)FREEDOMS FOUNDATION ALSO OFFERS EDUCATION PROGRAMS FOR TEACHERS. IN 2022, 12 PROGRAMS PROVIDED HISTORY AND CIVIC CONTENT BY EXPOSING 289 TEACHERS TO EXTRAORDINARY SCHOLARS AND THINKERS IN PROGRAMS ON THE CONSTITUTION, AMERICAN HISTORY, CHARACTER DEVELOPMENT, AND AMERICAN VALUES TOTALING 10,000 HOURS OF INSTRUCTION. WITH TEACHERS AVERAGING 100 STUDENTS IN A SINGLE SCHOOL YEAR, THIS MEANS MORE THAN 28,900 STUDENTS WERE OR WILL BE IMPACTED BY FREEDOMS FOUNDATION IN THE 2022-2023 SCHOOL YEAR.
HONORING ACTS OF CIVIC VIRTUE: THROUGH ITS NATIONAL AWARDS PROGRAM, FREEDOMS FOUNDATION RECOGNIZED 71 INDIVIDUALS AND ORGANIZATIONS IN 2022 AS EXAMPLES OF CIVIC RESPONSIBILITY. THIS PROGRAM RECOGNIZES ADULTS AND STUDENTS FOR COMMUNITY SERVICE, PUBLIC COMMUNICATIONS, STUDENT ESSAYS, SPECIAL EVENTS, AND OUTSTANDING WORK IN THE CLASSROOM. SINCE ITS FOUNDING, MORE THAN 57,000 NATIONAL AWARDS HAVE BEEN PRESENTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David J Harmer CEO | OfficerTrustee | 40 | $265,990 |
Barbara Blydenburgh Board Member - Left Nov 2022 | Trustee | 0.5 | $0 |
Raymond Blydenburgh Board Member - Left Nov 2022 | Trustee | 0.5 | $0 |
Steve Cotton Board Member - Left Sept 2022 | Trustee | 0.5 | $0 |
Jasper Wyman Vice President Of Advancement | 40 | $110,000 | |
Jordan W Clements Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
General Asphalt Paving Company Of Philad Construction Services | 12/30/22 | $328,392 |
American Express Credit Card Services | 12/30/22 | $254,184 |
Valley Forge Catering Company Inc Catering Services | 12/30/22 | $146,013 |
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 | $1,080,600 |
| Noncash contributions included in lines 1a–1f | $22,350 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,080,600 |
| Total Program Service Revenue | $593,775 |
| Investment income | $210,571 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $63,969 |
| Net Gain/Loss on Asset Sales | -$61,466 |
| Net Income from Fundraising Events | $1,935 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,450 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,918,390 |
| 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. | $317,234 |
| Compensation of current officers, directors, key employees. | $31,723 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $676,889 |
| Pension plan accruals and contributions | $42,104 |
| Other employee benefits | $93,786 |
| Payroll taxes | $67,702 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,132 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,865 |
| Fees for services: Other | $376,476 |
| Advertising and promotion | $6,679 |
| Office expenses | $107,522 |
| Information technology | $38,921 |
| Royalties | $0 |
| Occupancy | $281,705 |
| Travel | $310,867 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,431 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $183,975 |
| Insurance | $109,719 |
| All other expenses | $3,050 |
| Total functional expenses | $2,881,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,163 |
| Savings and temporary cash investments | $79,159 |
| Pledges and grants receivable | $23,829 |
| Accounts receivable, net | $44,425 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,052 |
| Prepaid expenses and deferred charges | $50,256 |
| Net Land, buildings, and equipment | $3,543,574 |
| Investments—publicly traded securities | $8,838,566 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $271,989 |
| Total assets | $12,893,013 |
| Accounts payable and accrued expenses | $315,397 |
| Grants payable | $0 |
| Deferred revenue | $115,180 |
| 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 | $22,333 |
| Total liabilities | $452,910 |
| Net assets without donor restrictions | $9,675,552 |
| Net assets with donor restrictions | $2,764,551 |
| 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 | $12,893,013 |