Freedoms Promise Inc
- Assets
- $2.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Nashville, TN
- Founding
- 03/2010
- Data as of
- 12/2022
- EIN
- 26-0566457
Organization Overview
Freedoms Promise Inc is located in Nashville, TN. The organization was established in 2010. According to its NTEE Classification (F42) the organization is classified as: Sexual Assault Services, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, Freedoms Promise Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedoms Promise 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 12/2022, Freedoms Promise Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $902.5k during the year ending 12/2022. While expenses have increased by 10.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FREEDOM'S PROMISE EXISTS TO BRING FREEDOM TO THE OPPRESSED BY DEMONSTRATING THE LOVE OF JESUS CHRIST, PREVENTING HUMAN TRAFFICKING AND RESTORING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRIDGE OF HOPE - BRIDGE OF HOPE IS A MINISTRY OF FREEDOM'S PROMISE WITH THE PRIMARY MISSION OF BRINGING HOPE AND EMPOWERING THE COMMUNITY, ESPECIALLY AT-RISK CHILDREN AND YOUTH, THROUGH A HOLISTIC APPROACH. CURRENT OUTREACHES INCLUDE: SEND-A-CHILD-TO-SCHOOL SPONSORSHIP PROGRAM, SUPPLEMENTAL CLASSES AND SAFE HAVEN FOR CHILDREN, AND COMMUNITY HEALTH BENEVOLENCE.
OTHER PROGRAM SERVICES PRIMARILY RELATE TO EFFORTS TO PROVIDE EDUCATION, HUMANITARIAN AID, COMMUNITY OUTREACH AND JOB TRAINING FOR THOSE AT RISK OF HUMAN TRAFFICKING THROUGHOUT VARIOUS PROVINCES IN CAMBODIA AND MYANMAR.
HOPE AND GRACE SEWING CENTER - IS A VOCATIONAL TRAINING CENTER. THIS SEWING CENTER EXISTS TO PROVIDE SEWING SKILLS FOR VULNERABLE WOMEN, INCREASE FAIR WAGE EMPLOYMENT OPPORTUNITIES FOR THE LOCAL COMMUNITY, AND MINIMIZE THE RATE OF MIGRATION AND ITS ASSOCIATED RISKS.
RIVER OF LIFE - A PROGRAM WORKING IN MYANMAR WHERE TRAFFICKING RATES ARE HIGH DUE TO INSTABILITY. PROGRAM IS FOCUSED ON COMMUNITY DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiffany Atkinson President | Officer | 40 | $0 |
Jk Simms Chair | OfficerTrustee | 1 | $0 |
David Sadler Vice Chair | OfficerTrustee | 1 | $0 |
Jessica Harthcock Secretary | OfficerTrustee | 1 | $0 |
Kent Hammerstrom Treasurer | OfficerTrustee | 1 | $0 |
Amber Cunningham Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $372,341 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,375,592 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,747,933 |
| Total Program Service Revenue | $0 |
| Investment income | $613 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,442 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,758,657 |
| 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 | $365,162 |
| 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 | $292,702 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,925 |
| Payroll taxes | $21,571 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,238 |
| Advertising and promotion | $27,626 |
| Office expenses | $4,830 |
| Information technology | $7,572 |
| Royalties | $0 |
| Occupancy | $16,168 |
| Travel | $56,157 |
| 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 | $946 |
| Insurance | $2,892 |
| All other expenses | $0 |
| Total functional expenses | $902,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $999,417 |
| Savings and temporary cash investments | $244,962 |
| Pledges and grants receivable | $512,506 |
| 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 | $7,985 |
| Prepaid expenses and deferred charges | $8,956 |
| Net Land, buildings, and equipment | $126,092 |
| Investments—publicly traded securities | $113,365 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,013,283 |
| Accounts payable and accrued expenses | $11,827 |
| 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 | $0 |
| Total liabilities | $11,827 |
| Net assets without donor restrictions | $629,279 |
| Net assets with donor restrictions | $1,372,177 |
| 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 | $2,013,283 |