Freedom In Christ Inc
- Assets
- $9.4m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Candler, NC
- Founding
- Data as of
- 12/2022
- EIN
- 36-4885536
Organization Overview
Freedom In Christ Inc is located in Candler, NC. According to its NTEE Classification (X90) the organization is classified as: Interfaith Coalitions, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Freedom In Christ Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedom In Christ 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 12/2022, Freedom In Christ Inc generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.6% each year . All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 37.9% per year over the past 5 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.
Since 2019, Freedom In Christ Inc has awarded 14 individual grants totaling $198,900. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
1. PROVIDE CHRISTIAN PROGRAMMING AND ACTIVITIES TO CHILDREN AND THEIR FAMILIES IN UKRAINE, ETHIOPIA AND WESTERN NORTH CAROLINA AS WE SHARE OUR LOVE FOR JESUS CHRIST. 2. PROVIDE ASSISTANCE WITH THOSE INDIVIDUALS WITH SUBSTANCE AND ALCOHOL ABUSE ISSUES THROUGH MINISTRY, COMMUNITY PROJECTS, SUPERVISION AND GUIDANCE. 3. PROVIDE FINANCIAL AND SPIRITUAL SUPPORT TO THE ELDERLY, FAMILIES, THOSE THAT ARE AFFECTED BY SUBSTANCE ABUSE, DISASTERS AND WAR, AND, 4. PROVIDE TRAINING TO EQUIP YOUNG PEOPLE TO SERVE AS PROVIDERS OF THE SERVICES DESCRIBED ABOVE. OUR PURPOSE IS DERIVED FROM THE FOLLOWING SCRIPTURES: ISAIAH 58:7 - IS IT NOT TO DEAL THY BREAD TO THE HUNGRY, AND THAT THOU BRING THE POOR THAT ARE CAST OUT TO THY HOUSE? WHEN THOU SEEST THE NAKED, THAT THOU COVER HIM; AND THAT THOU HIDE NOT THYSELF FROM THINE OWN FLESH? PROVERBS 22:6 - TRAIN UP A CHILD IN THE WAY HE SHOULD GO AND WHEN HE IS OLD, HE WILL NOT DEPART FROM IT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING PROVIDED FOR NEW CHURCHES IN UKRAINE AND ETHIOPIA. FUNDING PROVIDED FOR CHILDREN MINISTRIES IN UKRAINE AND THE DOMINICAN REPUBLIC. SUPPORTED MISSIONARIES HERE IN THE UNITED STATES, EUROPE AND THE DOMINICAN REPUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Petr Radchishin President | OfficerTrustee | 5 | $0 |
Nazar Shkinder Vice Preside | OfficerTrustee | 5 | $0 |
Pavel Radchishin Treasurer | OfficerTrustee | 5 | $0 |
Vitaliy Svirhum Secretary | OfficerTrustee | 5 | $0 |
Mikhail V Andrashko Board Member | Trustee | 5 | $1,400 |
Alex Ptachik CFO | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,066,963 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,066,963 |
| Total Program Service Revenue | $0 |
| Investment income | $1,092 |
| 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 | $6,068,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,300 |
| Grants and other assistance to domestic individuals. | $116,639 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,216,958 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,316 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $28,909 |
| Fees for services: Legal | $923 |
| Fees for services: Accounting | $8,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $75,345 |
| Information technology | $6,791 |
| Royalties | $0 |
| Occupancy | $12,916 |
| Travel | $59,488 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,428 |
| Insurance | $3,890 |
| All other expenses | $115,397 |
| Total functional expenses | $2,331,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,495 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,576 |
| 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 | $8,919,310 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $394,570 |
| Total assets | $9,353,951 |
| Accounts payable and accrued expenses | $4,177 |
| 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 | $517,794 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $521,971 |
| Net assets without donor restrictions | $8,831,980 |
| Net assets with donor restrictions | $0 |
| 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 | $9,353,951 |
Grants Awarded
Over the last fiscal year, Freedom In Christ Inc has awarded $48,300 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ARK OF SALVATION PURPOSE: CHRISTIAN MISSIONS | $6,500 |
KIDS MISSION AFRICA PURPOSE: CHRISTIAN MISSIONS | $34,200 |
FIRST UKRAINIAN BAPTIST CHURCH PURPOSE: CHRISTIAN MISSIONS | $7,600 |