Freedom Life Academy
- Assets
- $1.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Angier, NC
- Founding
- 06/2016
- Data as of
- 05/2024
- EIN
- 81-1479819
Organization Overview
Freedom Life Academy is located in Angier, NC. The organization was established in 2016. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedom Life Academy 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 05/2024, Freedom Life Academy generated $5.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (32.0%) each year. All expenses for the organization totaled $4.9k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (32.3%) per year over the past 6 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
2024
Describe the Organization's Program Activity:
Part 3
WE HAVE BEEN HELPING KIDS IN OUR COMMUNITY BY PROVIDING AN ALTERNATIVE LEARNING STYLE. WE USE PACES AND EACH STUDENT WORKS AT THEIR OWN SPEED SO THEY CAN MASTER THE INFORMATION. THIS HELPS SOME KIDS THAT STRUGGLE IN PUBLIC SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Bacon Finance Director | 5 | $0 | |
Lynda Bacon Principal And Teacher | 40 | $1,247 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,384 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,384 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,247 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,652 |
| Total expenses | $4,899 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,105 |
| Other assets | $0 |
| Total assets | $1,105 |
| Total liabilities | $0 |
| Net assets or fund balances | $1,105 |