Freebird Foundation
- Assets
- $2.4m
- Revenue
- $345.2k
- Investments
- $600.3k
- Employees
- 0
- Location
- Bellaire, TX
- Founding
- 06/2011
- Data as of
- 12/2023
- EIN
- 27-4984752
Organization Overview
Freebird Foundation is located in Bellaire, TX. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freebird 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, Freebird Foundation generated $345.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $186.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Freebird Foundation has awarded 24 individual grants totaling $1,390,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis W Huff Director, President | 2 | $0 | |
Lori M Gallagher Director | 1 | $0 | |
Terrence R Kamm Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $73,076 |
| Dividends & Interest | $46,660 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3 |
| Capital Gain Net Income | $3 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,449 |
| Total Revenue | $345,188 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,000 |
| Contributions, gifts, grants paid | $175,000 |
| Total expenses and disbursements | $186,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,310 |
| Savings and temporary cash investments | $1,816,570 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,444,152 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Freebird Foundation has awarded $175,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSTON BALLET FOUNDATION PURPOSE: TOWARDS HOUSTON BALLET'S EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS | $50,000 |
MAKE A WISH TEXAS GULF COAST AND LOUISIANA PURPOSE: TOWARD CREATING LIFE CHANGING WISHES FOR CHILDREN WITH CRITICAL ILLNESSES | $50,000 |
YOUTH HEARTLINE PURPOSE: TOWARD CREATING A SAFER AND BETTER LIFE FOR VULNERABLE CHIDLREN AND FAMILIES IN THE COMMUNITY | $25,000 |
TEJANO CENTER FOR COMMUNITY CONCERNS PURPOSE: TOWARD HOUSING, EDUCATION, HEALTH, AND SOCIAL SERVICES IN THE LOCAL COMMUNITY | $50,000 |