Freedom 22 Foundation
- Assets
- $2.4m
- Revenue
- $156.1k
- Investments
- $2.3m
- Employees
- 0
- Location
- Merrimack, NH
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 35-6653987
Organization Overview
Freedom 22 Foundation is located in Merrimack, NH. The organization was established in 1998. 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. Freedom 22 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, Freedom 22 Foundation generated $156.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $164.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Barbara Asher Foundation Managers | 0 | $0 | |
Name Not Listed Trustee | 1 | $5,138 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $104,397 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,952 |
| 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 | $739 |
| Total Revenue | $156,088 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,138 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,646 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,954 |
| Contributions, gifts, grants paid | $150,000 |
| Total expenses and disbursements | $163,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $117,638 |
| 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 | $319,422 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,384,824 |
| 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, Freedom 22 Foundation has awarded $4,225 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HOLY FAMILY PURPOSE: SCHOLARSHIP | $1,000 |
MONTESSORI ACADEMY PURPOSE: SCHOLARSHIP | $625 |
STANLEY CLARK SCHOOL PURPOSE: SCHOLARSHIP | $2,600 |