Freed Foundation Inc
- Assets
- $14.4m
- Revenue
- $463.3k
- Investments
- $12.4m
- Employees
- 0
- Location
- Boynton Beach, FL
- Founding
- 10/1955
- Data as of
- 12/2021
- EIN
- 52-6047591
The information for Freed Foundation Inc is as of the organization's most recent filing in December 2020. This organization is located in Boynton Beach, FL. It has been in existence for 65 years, following its founding in 1955.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Freed Foundation Inc's NTEE code is T20. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "20" tells us that the organization is a Private Grantmaking Foundation. The NTEE describes Private Grantmaking Foundations as nongovernmental, nonprofit organizations with funds and programs managed by trustees or directors established to maintain charitable activities serving the common welfare, primarily through grantmaking. Every organization is also governed by a specific section of the Internal Revenue Code. The Freed Foundation Inc is a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Grant History
Our dataset has four years of grant history for the Freed Foundation Inc. In those four years, they have awarded a total of 99 grants, with an average check size of $35,550. The organization has awarded grants in the Animal-Related (14), Human Services (14), and Health Care (8) sectors. Additionally, the organization most frequently awards grants in the state of New York (43) and New Jersey (38). Other states receiving grants include the District of Columbia (2), California (2), Massachusetts (1), Florida (10), Colorado (1), Kentucky (1), and Ohio (1).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Freed Treasurer | 35 | $120,000 | |
Nicholas A Dotoli Board Member | 0 | $0 | |
Todd Zuckerbrod Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $450,984 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,357 |
| Capital Gain Net Income | $12,357 |
| Net ST Capital Gain | $81 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $463,341 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $12,269 |
| Interest | $0 |
| Taxes | $12,602 |
| Depreciation | $0 |
| Occupancy | $12,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $110 |
| Total operating and administrative expenses | $197,054 |
| Contributions, gifts, grants paid | $1,215,000 |
| Total expenses and disbursements | $1,412,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,028,640 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,553 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,384,729 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $42 |
| Total liabilities | $42 |
Grants Awarded
Over the last fiscal year, Freed Foundation Inc has awarded $1,215,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: UNLIMITED USE | $300,000 |
TUNNEL TO TOWERS FOUNDATION PURPOSE: UNLIMITED USE | $275,000 |
AUDUBON FLORIDA PURPOSE: UNLIMITED USE | $210,000 |
HOUSE OF HOPE PURPOSE: UNLIMITED USE | $100,000 |
Tallahassee, FL PURPOSE: UNLIMITED USE | $75,000 |
YMCA OF GREATER MONMOUTH COUNTY PURPOSE: UNLIMITED USE | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |
The Gary W Rollins Foundation Atlanta, GA | $72,624,629 | $27,015,806 |
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL | $0 | $7,841,898 |