Freedom Works Development Corporation
- Assets
- $114.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 6
- Location
- Kansas City, MO
- Founding
- 10/1992
- Data as of
- 12/2021
- EIN
- 43-1592382
Organization Overview
Freedom Works Development Corporation is located in Kansas City, MO. The organization was established in 1992. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2023, Freedom Works Development Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedom Works Development Corporation 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 Works Development Corporation generated $29.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $36.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DEVELOP AND MAINTAIN INNER CITY HOUSING AND COMMUNITY RELATIONS IN THE URBAN CORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Douglas Board Member | 1 | $0 | |
Keith Kennedy Board Member | 1 | $0 | |
Nadine Farris Board Member | 1 | $0 | |
Dr Bruce Mcgregor President | 2 | $0 | |
Melvin Cole Secretary | 1 | $0 | |
Bob West Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,129 |
| Total Program Service Revenue | $19,078 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $3,001 |
| Net Income from Gaming & Fundraising | -$97 |
| Other Revenue | $0 |
| Total Revenue | $29,111 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,709 |
| Occupancy, rent, utilities, and maintenance | $13,671 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,155 |
| Total expenses | $36,535 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $32,406 |
| Other assets | $0 |
| Total assets | $114,100 |
| Total liabilities | $42,400 |
| Net assets or fund balances | $71,700 |