Bound For Freedom Inc
- Assets
- $41.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 04/1996
- Data as of
- 06/2023
- EIN
- 56-1461053
Organization Overview
Bound For Freedom Inc is located in Charlotte, NC. The organization was established in 1996. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bound For Freedom 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 06/2023, Bound For Freedom Inc generated $32.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $34.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE MESSAGE OF RECOVERY FROM ADDICTION AS CARRIED TO HUNDREDS OF ADDICTS. OUR LITERATURE WAS WIDELY DISTRIBUTED TO ADDICTS FREE OF CHARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marvin Nowell Bod Chair | 0.5 | $0 | |
Obrae Bowman Area Chair | 0.5 | $0 | |
Ohenrico Blake Area Treasur | 0.5 | $0 | |
Jeanett Paltrow Convention C | 0.5 | $0 | |
Viveca Mason Convention T | 0.5 | $0 | |
David Mchenry Literature C | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,617 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $130 |
| Total Revenue | $32,891 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,236 |
| Occupancy, rent, utilities, and maintenance | $5,300 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,178 |
| Total expenses | $34,204 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $36,949 |
| Other assets | $0 |
| Total assets | $41,222 |
| Total liabilities | $0 |
| Net assets or fund balances | $41,222 |