Dfree Global Foundation Inc
- Assets
- $349.1k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Somerset, NJ
- Founding
- 05/2014
- Data as of
- 12/2022
- 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 12/2022, Dfree Global Foundation Inc employed 6 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 12/2022, Dfree Global Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.5% each year . All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 25.5% per year over the past 8 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
2022
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 |
|---|---|---|---|
Charnelle Anderson Board Member | Trustee | 2 | $0 |
Leslie Anderson Board Member | Trustee | 2 | $0 |
Rev Dr Danielle Brown Board Member | Trustee | 2 | $0 |
Michelle Charles Secretary/tr | OfficerTrustee | 2 | $0 |
Cayla Cousins Board Member | Trustee | 2 | $0 |
Adanna Davis Board Member | Trustee | 2 | $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 | $1,439,511 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,439,511 |
| Total Program Service Revenue | $92,539 |
| Investment income | $39 |
| 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 | $1,532,089 |
| 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 | $308,670 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70,864 |
| Payroll taxes | $34,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,000 |
| 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 | $176,980 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23 |
| Travel | $68,280 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,008 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,662 |
| Insurance | $6,242 |
| All other expenses | $51,465 |
| Total functional expenses | $1,450,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,274 |
| Savings and temporary cash investments | $2,978 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,185 |
| 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 | $13,083 |
| Net Land, buildings, and equipment | $89,601 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $349,121 |
| Accounts payable and accrued expenses | $33,428 |
| 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 | $6,834 |
| Total liabilities | $40,262 |
| Net assets without donor restrictions | $183,998 |
| Net assets with donor restrictions | $124,861 |
| 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 | $349,121 |