The Freedom Foundation
- Assets
- $1.1m
- Revenue
- $533.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 02/2014
- Data as of
- 12/2023
- 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. 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 12/2023, Freedom Foundation generated $533.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $247.9k during the year ending 12/2023. While expenses have increased by 8.3% 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
2023
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
VETERAS EMERGENCY ASSISTANCE FUND (VEAF) HELPS VETERANS WHEN THEY ARE A LITTLE SHORT FINANCIALLY OR WITH BASIC ITEMS NEEDED (EX. WINTER COAT). WE HELP VETERANS WITH THEIR RENT, DEPOSITS, UTILITIES, AUTO REPAIRS/TAGS/REGISTRATION. IN 2023 WE ASSISTED WITH 64 VETERANS IN EMERGENCY FINANCIAL NEED.
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 2023, THE FOOD PANTRY PROGRAM SERVED 3,975 VETERANS MEALS THROUGH THE VETERAN'S LUNCH PROGRAM, 2,173 VETERANS RECEIVED GOODS FROM THE FOOD PANTRY.
VETERANS HOMELESS SHELTER PROGRAM; PUTTING VETERANS IN SHELTERS TO KEEP THEM OFF THE STREET AND GET THEM INTO PERMANENT HOUSING. IN 2023, THIS PROGRAM PROVIDED HOUSING FOR 4 VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Eschen President | OfficerTrustee | 40 | $0 |
Roger Jensen Board Vice President | OfficerTrustee | 25 | $0 |
Amanda Brant Secretary | OfficerTrustee | 2 | $0 |
Matt Dlouhy Treasurer | OfficerTrustee | 5 | $0 |
Derrick Claye Director | Trustee | 2 | $0 |
Alicia Faust Director | 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 | $530,448 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $530,448 |
| Total Program Service Revenue | $0 |
| Investment income | $3,368 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$566 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $253 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $533,503 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $53,464 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $66,154 |
| Compensation of current officers, directors, key employees. | $6,615 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $5,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,363 |
| Office expenses | $5,247 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,409 |
| 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 | $22,797 |
| Insurance | $5,259 |
| All other expenses | $328 |
| Total functional expenses | $247,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,628 |
| Savings and temporary cash investments | $195,807 |
| 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 |
| Net Land, buildings, and equipment | $806,253 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,088,688 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,088,688 |
| Total liabilities and net assets/fund balances | $1,088,688 |