Liberty Family Foundation
- Assets
- $14.7k
- Revenue
- $74.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Gray, ME
- Founding
- 06/2011
- Data as of
- 12/2022
- EIN
- 27-5021761
Organization Overview
Liberty Family Foundation is located in Gray, ME. The organization was established in 2011. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty Family 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 12/2022, Liberty Family Foundation generated $74.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $61.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Liberty Family Foundation has awarded 160 individual grants totaling $651,615. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO 4 CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April M Liberty Program Director | 5 | $5,000 | |
Richard A Liberty President | 5 | $0 | |
Alan Theriault Treasurer | 1 | $0 | |
Adriana M Liberty-Day Executive Director | 5 | $0 | |
Kevin J Mccarthy Director | 1 | $0 | |
Stanley R Liberty Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $74,309 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $74,309 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $547 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,330 |
| Total operating and administrative expenses | $6,877 |
| Contributions, gifts, grants paid | $54,290 |
| Total expenses and disbursements | $61,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,692 |
| Savings and temporary cash investments | $0 |
| 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 | $14,692 |
| Accounts payable and accrued expenses | $930 |
| 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 | $930 |
Grants Awarded
Over the last fiscal year, Liberty Family Foundation has awarded $54,290 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CANDLELIGHT FOUNDATION PURPOSE: UNRESTRICTED CHARITABLE GIFT | $25,090 |
LIBERTY HOUSE FOR WOMEN PURPOSE: UNRESTRICTED CHARITABLE GIFT | $6,000 |
QUANTIC SCHOOL OF BUSINESS PURPOSE: TUITION SCHOLARSHIP | $3,500 |
FULL CIRCLE PERFORMANCE BASEBALL PURPOSE: UNRESTRICTED CHARITABLE GIFT | $14,700 |
AMERICAN LEGION POST 86 PURPOSE: WREATHS ACROSS AMERICA | $5,000 |