Free 2 Fly
- Assets
- $701.2k
- Revenue
- $365.4k
- Investments
- $0.0
- Employees
- 18
- Location
- Cleveland, TN
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-5064529
Organization Overview
Free 2 Fly is located in Cleveland, TN. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, Free 2 Fly employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Free 2 Fly 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, Free 2 Fly generated $365.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $418.6k during the year ending 12/2022. 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
SUPPORT NUTURE AND EMPOWER WOMEN THROUGH REHABILITATIVE PROGRAMMING AND COMMUNITY BUILDING
Describe the Organization's Program Activity:
Part 3 - Line 4a
NUTURE PROGRAM FOR WOMEN IN THE PROGRAM HELP WITH HOUSING AND OTHER
PRODUCTS SOLD ARE MADE BY THE PROGRAM PARTICIPANTS
PROPERTY INCOME TO SUPPORT PROGRAM EXPENSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Johnston President | Officer | 40 | $49,961 |
Kennon Hulton Chairman | Trustee | 5 | $0 |
C Sedgwick Treasurer | Officer | 3 | $0 |
K Rutledge Secretary | Officer | 5 | $0 |
Kim Brooks Director | Trustee | 1 | $0 |
Brenda Voytik Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $78,284 |
| Related organizations | $7,700 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,284 |
| Total Program Service Revenue | $0 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,527 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $49,879 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $144,233 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $365,351 |
| 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. | $49,961 |
| Compensation of current officers, directors, key employees. | $12,490 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $168,922 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,270 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,742 |
| Office expenses | $3,875 |
| Information technology | $6,328 |
| Royalties | $0 |
| Occupancy | $13,689 |
| Travel | $6,051 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,021 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,474 |
| Insurance | $11,525 |
| All other expenses | $0 |
| Total functional expenses | $418,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,063 |
| 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 |
| Net Land, buildings, and equipment | $626,636 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,462 |
| Other assets | $0 |
| Total assets | $701,161 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $3,500 |
| 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 | $592,238 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $595,738 |
| 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 | $105,423 |
| Total liabilities and net assets/fund balances | $701,161 |