Dfree Global Foundation Inc
- Assets
- $276.5k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Somerset, NJ
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 45-4317604
Organization Overview
Dfree Global Foundation Inc is located in Somerset, NJ. The organization was established in 2014. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 12/2021, Dfree Global Foundation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dfree Global Foundation 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, Dfree Global Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.8% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 30.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROMOTE AND EDUCATE THE PUBLIC ABOUT FINANCIAL LITERACY. THE D-FREE PROGRAM'S PURPOSE IS TO MOTIVATE INDIVIDUALS THAT ARE IN FINANCIAL CRISIS TO LEAD A DEBT-FREE LIFE. THE ORGANIZATION PROVIDES GUIDANCE AND FINANCIAL COUNSELING USING THE "D-FREE" LIVING STRATEGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTS A GRASS ROOTS STRATEGY CALLED "DFREE" LIVING THAT EDUCATES PEOPLE ABOUT FINANCIAL LITERACY. THE INDIVIDUALS RECEIVE FINANCIAL COUNSELING AND GUIDANCE THROUGH EDUCATION, LECTURES AND MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamika Stembridge Executive Di | 40 | $129,608 | |
Michelle Charles Secretary/tr | OfficerTrustee | 2 | $0 |
Martin Soaries Vice Preside | OfficerTrustee | 2 | $0 |
Rev Dr Deforest B Soaries Jr President | OfficerTrustee | 2 | $0 |
Charnelle Anderson Board Member | Trustee | 2 | $0 |
Leslie Anderson Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $107,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,084,791 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,191,891 |
| Total Program Service Revenue | $18,372 |
| Investment income | $11 |
| 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 | $1,210,274 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $577,573 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $93,124 |
| Payroll taxes | $58,706 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,500 |
| 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 | $68,072 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,834 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,698 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,065 |
| Insurance | $14,032 |
| All other expenses | $14,079 |
| Total functional expenses | $1,525,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,444 |
| Savings and temporary cash investments | $41,683 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,000 |
| 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 | $33,155 |
| Net Land, buildings, and equipment | $100,265 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $276,547 |
| Accounts payable and accrued expenses | $27,245 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,016 |
| Total liabilities | $49,261 |
| Net assets without donor restrictions | $160,753 |
| Net assets with donor restrictions | $66,533 |
| 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 | $276,547 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Dfree Global Foundation Inc has recieved totaling $941,149.
| Awarding Organization | Amount |
|---|---|
Stand Together Foundation Arlington, VA PURPOSE: General Operating | $906,149 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Garden State Consumer Credit Counseling Inc Manalapan, NJ | $15,368,790 | $14,807,314 |
Consumer Credit Counseling Service Of Delaware Valley Philadelphia, PA | $4,817,961 | $4,855,910 |
Hebrew Free Loan Society Inc New York, NY | $39,139,675 | $5,814,730 |
Consumer Credit And Budget Counseling Inc Marmora, NJ | $1,261,705 | $3,720,720 |
Consumers Credit Counseling Service Of Rochester Inc Rochester, NY | $7,908,723 | $3,468,563 |
Start Small Think Big Inc New York, NY | $5,478,531 | $5,454,234 |
Money Management New York, NY | $8,835,712 | $4,309,180 |
Advantage Credit Counseling Service Inc Pittsburgh, PA | $1,986,787 | $1,981,242 |
Intl Federation Of Red Cross And Red Crescent Soc At The U N Inc New York, NY | $144,561 | $1,804,361 |
Parachute Credit Counseling Inc West Seneca, NY | $1,575,678 | $1,698,417 |
Dfree Global Foundation Inc Somerset, NJ | $276,547 | $1,210,274 |
Safeguard Credit Counseling Services Inc Northport, NY | $4,600,765 | $1,433,533 |