Freedom Inc
- Assets
- $6.1m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 09/2003
- Data as of
- 12/2023
- EIN
- 43-2023570
Organization Overview
Freedom Inc is located in Madison, WI. The organization was established in 2003. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedom 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 12/2023, Freedom Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $5.5m during the year ending 12/2023. While expenses have increased by 13.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ACHIEVE SOCIAL JUSTICE THROUGH COUPLING DIRECT SERVICES WITH LEADERSHIP DEVELOPMENT AND COMMUNITY ORGANIZING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENDING GENDER-BASED VIOLENCE THE PROGRAM IS GENDER-LANGUAGE-CULTURAL-SEXUALITY-GENERATION-SPECIFIC THAT WORKS TO END VIOLENCE AGAINST WOMEN, CHILDREN, QUEER, GENDER-NON-CONFORMING, AND TRANSGENDER FOLKS IN THE BLACK AND SOUTHEAST ASIAN COMMUNITIES. SERVICES AND ACTIVITIES INCLUDE, BUT ARE NOT LIMITED TO, DOMESTIC VIOLENCE AND SEXUAL ASSAULT DIRECT SERVICES, SUPPORTIVE ADVOCACY AND COUNSELING, OUTREACH, CRISIS INTERVENTION, GROUP ACTIVITIES, COMMUNITY EDUCATION, LEADERSHIP DEVELOPMENT, AND COMMUNITY ORGANIZING. THIS PROGRAM INCLUDES FREEDOM, INC.'S FISCAL SPONSOR, BLACK FEMINIST FUTURE WHICH BECAME A SEPARATE LEGAL ENTITY IN 2022.
COMMUNITY POWER BUILDING - FREEDOM, INC. OFFERS INTEGRATED, NONPARTISAN VOTER ENGAGEMENT SUCH AS CIVIC ENGAGEMENT, GET OUT THE VOTE EFFORTS, COMMUNITY EDUCATION, AND LEADERSHIP DEVELOPMENT. OTHER ACTIVITIES INCLUDE COMMUNITY CANVASSING AND PHONE BANKING EFFORTS, TABLING AT COMMUNITY EVENTS, LEADERSHIP RETREATS, AND TRAININGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chong Moua President | OfficerTrustee | 1 | $0 |
Choua Xiong Treasurer | OfficerTrustee | 1 | $0 |
Dana Pellebon Secretary | OfficerTrustee | 1 | $0 |
Seng Xiong Director (thru October) | Trustee | 1 | $0 |
True Thao Director (thru October) | Trustee | 1 | $0 |
Joshua Hargove Director (thru September) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rhombus Consulting Llc Organization Management Services | 12/30/22 | $195,000 |
Rhombus Consulting Llc Organization Management Services | 12/30/22 | $195,000 |
Sunrise Strategic Advisors Llc Fundraising & Strategy Services | 12/30/22 | $140,948 |
Southeast Asian Healing Center Inc Mental Wellness Services | 12/30/22 | $120,100 |
Sunrise Strategic Advisors Llc Fundraising & Strategy Services | 12/30/22 | $140,948 |
Southeast Asian Healing Center Inc Mental Wellness Services | 12/30/22 | $120,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $13,556 |
| Membership dues | $0 |
| Fundraising events | $29,250 |
| Related organizations | $0 |
| Government grants | $1,134,568 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,948,462 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,125,836 |
| Total Program Service Revenue | $58,115 |
| Investment income | $36,024 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,474 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,228,201 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $525,000 |
| Grants and other assistance to domestic individuals. | $148,634 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $449,362 |
| Compensation of current officers, directors, key employees. | $167,671 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,458,887 |
| Pension plan accruals and contributions | $48,929 |
| Other employee benefits | $321,134 |
| Payroll taxes | $159,739 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,404 |
| Fees for services: Accounting | $18,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,000 |
| Fees for services: Other | $982,796 |
| Advertising and promotion | $856 |
| Office expenses | $733,952 |
| Information technology | $55,470 |
| Royalties | $0 |
| Occupancy | $88,345 |
| Travel | $243,494 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $114,675 |
| Interest | $17,555 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,719 |
| Insurance | $38,547 |
| All other expenses | $14,581 |
| Total functional expenses | $5,507,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,166 |
| Savings and temporary cash investments | $1,933,687 |
| Pledges and grants receivable | $985,373 |
| Accounts receivable, net | $47,724 |
| 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 | $58,893 |
| Net Land, buildings, and equipment | $1,500,242 |
| Investments—publicly traded securities | $1,572,313 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,114,398 |
| Accounts payable and accrued expenses | $435,104 |
| 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 | $524,762 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $959,866 |
| Net assets without donor restrictions | $4,329,532 |
| Net assets with donor restrictions | $825,000 |
| 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 | $6,114,398 |
Grants Awarded
Over the last fiscal year, Freedom Inc has awarded $525,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK FEMINIST FUTURE INC PURPOSE: FISCAL AGENT TRANSFER OF OWNERSHIP | $25,000 |
MOVING MOUNTAINS INCORPORATED PURPOSE: GENDER JUSTICE PROGRAMMING | $500,000 |