Freedom Academy Inc

Organization Overview

Freedom Academy Inc is located in Kendallville, IN. The organization was established in 1995. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Freedom Academy Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedom Academy 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, Freedom Academy Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 6.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ENHANCE THE QUALITY OF LIFE FOR THOSE WHO ARE WILLING TO ENRICH THEIR EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION WAS ESTABLISHED TO ADDRESS THE WORK FORCE AND CONTINUING EDUCATIONAL NEEDS OF THE COMMUNITY BY PROVIDING THE NECESSARY TRAINING TO THOSE INDIVIDUALS WHO HAVE NOT HAD THE OPPORTUNITY TO ATTEND A TRADITIONAL COLLEGE OR TECHNICAL SCHOOL. PROGAM COSTS INCURRED WITH RESPECT TO THE FOLLOWING CLASSES AND NUMBER OF STUDENTS SERVED: TOTAL SERVED: 480 HEALTH/MEDICAL - 140 TECHNICAL - 105 LEADERSHIP/MANAGEMENT - 72 QUALITY - 3 COMPUTER - 12 MAINTENANCE - 32 SAFETY - 26 TUTORING - 90


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Board, Officers & Key Employees

Name (title)Compensation
Melissa Carpenter
Executive Di
$105,801
Gary Gatman
Vice Preside
$0
Erica Dekko
President
$0
Tracy Tipton
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $149,439
All other contributions, gifts, grants, and similar amounts not included above$813,143
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$962,582
Total Program Service Revenue$1,044,257
Investment income $8,694
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $15,136
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,030,669

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Freedom Academy Inc has recieved totaling $300,000.

Awarding OrganizationAmount
8020 Foundation Tr

Fort Wayne, IN

PURPOSE: TRAINING EQUIPMENT

$150,000
8020 Foundation Tr

Fort Wayne, IN

PURPOSE: CAPITAL EQUIPMENT

$150,000
View Grant Recipient Profile

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