Freetown Village Inc
- Assets
- $323.6k
- Revenue
- $205.8k
- Investments
- $0.0
- Employees
- 10
- Location
- Indianapolis, IN
- Founding
- 08/1985
- Data as of
- 12/2021
- EIN
- 35-1609921
Organization Overview
Freetown Village Inc is located in Indianapolis, IN. The organization was established in 1985. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Freetown Village Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freetown Village 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 12/2021, Freetown Village Inc generated $205.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $194.6k during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION AND CULTURAL AWARENESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION EDUCATES THE PUBLIC ABOUT AFRICAN-AMERICAN LIVES AND CULTURE THROUGH LIVING HISTORY PERFORMANCES, THE COLLECTION AND PRESERVATION OF ARTIFACTS, EXHIBITS AND ALLIED PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ophelia Wellington Executive Director | OfficerTrustee | 40 | $28,018 |
Gwendolyn J Kelley Board Secretary | OfficerTrustee | 1 | $0 |
Elizabeth M Gore Board Chair | OfficerTrustee | 1 | $0 |
Tronoy Harris Board Member | Trustee | 1 | $0 |
Janice Carter Board Member | Trustee | 1 | $0 |
Ray Biederman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,181 |
| All other contributions, gifts, grants, and similar amounts not included above | $155,214 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $182,395 |
| Total Program Service Revenue | $23,057 |
| Investment income | $321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $205,773 |
| 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. | $28,018 |
| Compensation of current officers, directors, key employees. | $2,802 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,636 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,591 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,847 |
| Advertising and promotion | $3,903 |
| Office expenses | $4,171 |
| Information technology | $7,240 |
| Royalties | $0 |
| Occupancy | $3,575 |
| Travel | $2,544 |
| 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 | $0 |
| Insurance | $3,365 |
| All other expenses | $0 |
| Total functional expenses | $194,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $314,407 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $188 |
| Accounts receivable, net | $9,045 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $323,640 |
| Accounts payable and accrued expenses | $189,439 |
| 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 | $189,439 |
| Net assets without donor restrictions | $127,951 |
| Net assets with donor restrictions | $6,250 |
| 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 | $323,640 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Freetown Village Inc has recieved totaling $117,836.
| Awarding Organization | Amount |
|---|---|
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: Education Programs and Outreach Coordinator | $47,336 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: TRANSITIONAL SUPPORT | $45,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: SUMMER YOUTH PROGRAM | $18,000 |
Arts Council Of Indianapolis Inc Indianapolis, IN PURPOSE: ARTS PROGRAMMING | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Xilin Association Naperville, IL | $12,598,831 | $16,219,708 |
Great Lakes Inter-Tribal Council Inc Lac Du Flambeau, WI | $2,692,230 | $12,711,243 |
Madam Walker Legacy Center Indianapolis, IN | $11,815,867 | $1,800,443 |
National Museum Of Mexican Art Chicago, IL | $19,674,194 | $15,502,542 |
Cityserve International Springfield, MO | $3,073,627 | $2,894,245 |
Instituto Cervantes Of Chicago Inc Chicago, IL | $741,739 | $2,489,461 |
The Alliance Francaise French House Of Chicago Chicago, IL | $5,091,056 | $2,088,000 |
Blackhawk Area Cu Savanna, IL | $44,108,339 | $1,720,364 |
Puerto Rican Arts Alliance Chicago, IL | $5,828,545 | $2,540,329 |
The National Museum Of Puerto Rican Arts And Culture Chicago, IL | $8,152,716 | $2,503,474 |
Hispanic-American Construction Industry Association Chicago, IL | $735,168 | $1,371,038 |
Brookside Irish Fest Inc Kansas City, MO | $1,030,000 | $1,022,564 |