The Freedom Foundation
- Assets
- $309.6k
- Revenue
- $419.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Cedar Rapids, IA
- Founding
- 02/2014
- Data as of
- 12/2020
- EIN
- 46-3280693
Organization Overview
The Freedom Foundation is located in Cedar Rapids, IA. The organization was established in 2014. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Freedom Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedom Foundation 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 12/2020, Freedom Foundation generated $419.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $331.3k during the year ending 12/2020. While expenses have increased by 20.4% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE FREEDOM FOUNDATION SERVES MANY NEEDS OF ACTIVE DUTY, RESERVE AND HONORABLY DISCHARGED MILITARY VETERANS. WE PROVIDE A PLACE FOR VETERANS TO INTERACT WITH FELLOW VETERANS AND SHARE IN THE CAMARADERIE THAT THEY HAVE SHARED WHILE PROUDLY SERVING OUR COUNTRY. WE DILIGENTLY WORK WITHIN OUR ORGANIZATION AND OTHER ORGANIZATIONS TO ASSIST VETERANS WITH LODGING, FOOD, TRANSPORTATION, FINANCIAL AND PHYSICAL/MENTAL MEDICAL ASSISTANCE. OUR CENTER PROVIDES A RESOURCE CENTER AND GUIDANCE TO NAVIGATE THE BEST PATH FOR OUR INDIVIDUALS' NEEDS. WE STRIVE TO CREATE CLOSE INTERPERSONAL RELATIONSHIPS, TRUST AND AN EMOTIONAL SAFETY NET WITH ALL OF OUR VETERANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VETERANS EMERGENCY ASSISTANCE PROGRAM: VETERANS RECEIVE FINANCIAL ASSISTANCE FOR RENT(S) DUE TO PREVENT EVICTION FROM THEIR DWELLING, HOME MORTGAGE PAYMENTS, DWELLING UTILITIES, EMERGENCY MEDICAL TRANSPORATION, AUTO REPAIRS, STORAGE RENTAL UNIT FEES, EMERGENCY TRANSPORTATION, SERVICE ANIMAL MEDICAL NEEDS, HOME REPAIRS, AUTO INSURANCE, AUTO LOAN PAYMENTS, TELEPHONE BILLS, AUTO RECOVERY, EMERGENCY CLOTHING (WINTER COAT) PURCHASES AND OTHER FINANCIAL NEEDS. DURING 2021, THIS PROGRAM PROVIDED EMERGENCY ASSISTANCE FOR MEDICAL, TRANSPORTATION, AND HOUSING NEEDS TO 95 VETERANS.
VETERANS FOOD PANTRY & LUNCH PROGRAM: VETERANS RECEIVE FOOD THROUGHOUT THE YEAR THROUGH MEALS SERVED AS WELL AS DELIVERY OF FOOD PANTRY ITEMS TO INDIVIDUALS THAT MAY HAVE MEDICAL OR MENTAL HEALTH ISSUES. DURING 2021, THE FOOD PANTRY PROGRAM SERVED 1,850 VETERANS MEALS THROUGH THE VETERAN'S LUNCH PROGRAM, 1,226 VETERANS RECEIVED GOODS FROM THE FOOD PANTRY.
MAX BETENBENDER MILITARY MUSEUM - DURING 2020 A MUSEUM WAS ESTABLISHED TO HIGHLIGHT ALL BRANCHES OF THE MILITARY AND ALL CONFLICTS FROM PAST UNTIL PRESENT. THE MUSEUM DISPLAYED UNIFORMS, MILITARY EQUIPMENT, PHOTOS, AND MORE. ADDITIONALLY IT ALSO INCLUDED A MILITARY LIBRARY, ALL OF WHICH WAS FREE TO THE PUBLIC TO VIEW. A RESTAURANT WITHIN THE MUSEUM WAS ESTABLISHED FOR REFRESHMENTS TO PATRONS OF THE MUSEUM.
VETERANS SHELTER PROGRAM: VETERANS ARE PROVIDED A HOTEL ROOM, A FREEDAILY BREAKFAST, FREE HAIRCUTS, TRANSPORTATION AND ACCESS TO CLOTHESWASHING AND DRYER MACHINES. VETERANS MUST BE ACTIVELY SEEKINGEMPLOYMENT IF UNEMPLOYED, ACTIVELY SEARCHING FOR PERMANENT HOUSING ANDATTEND ALL MEDICAL AND COUNSELING APPOINTMENTS. DURING 2021, 10 VETERANS RECEIVED ASSISTANCE IN THIS AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lexi Coberly Executive Director | Officer | 40 | $50,000 |
Randy Lambert Secretary | OfficerTrustee | 15 | $0 |
Jim Neal Board President | OfficerTrustee | 30 | $0 |
Brian Eschen Treasurer | OfficerTrustee | 10 | $0 |
Roger Jensen Board Vice President | OfficerTrustee | 30 | $0 |
Matt Dlouhy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $377,667 |
| Investment income | $7 |
| 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 | $419,733 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $133,738 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,673 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,624 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,093 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,598 |
| Office expenses | $5,049 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,873 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,713 |
| Insurance | $2,750 |
| All other expenses | $0 |
| Total functional expenses | $331,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,353 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $309,631 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $309,631 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Freedom Foundation has recieved totaling $25,050.
| Awarding Organization | Amount |
|---|---|
Greater Cedar Rapids Community Foundation Cedar Rapids, IA PURPOSE: GENERAL SUPPORT, VETERANS EMERGENCY ASSISTANCE PROGRAM, VETERANS WEEKLY FREE LUNCH PROGRAM, FOOD PANTRY SUPPLY SERVING VETERANS | $19,550 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,500 |
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