Freedom To Operate Inc

Organization Overview

Freedom To Operate Inc is located in Greenwich, CT. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedom To Operate 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 12/2023, Freedom To Operate Inc generated $13.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (54.9%) each year. All expenses for the organization totaled $15.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (52.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO ADVANCE SCIENCE AND EDUCATION AND, SPECIFICALLY, TO SUPPORT AND FACILITATE MEDICAL AND SCIENTIFIC RESEARCH IN THE PUBLIC INTEREST FOR THE PUBLIC BENEFIT, PRIMARILY BY CHALLENGING CERTAIN PATENT RIGHTS WHICH ARE IMPROPERLY CLAIMED AND WHICH INAPPROPRIATELY PREVENT OTHERS FROM ENGAGING IN RESEARCH AND INNOVATION IN THE PUBLIC INTEREST.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FTO PROMOTES MEDICAL AND SCIENTIFIC RESEARCH BY SEARCHING PATENT LITERATURE FOR ISSUED OR PENDING PATENTS TO IDENTIFY THOSE WHICH ARE OVERBROAD OR POTENTIALLY INVALID OR WHICH MAY INTERFERE WITH ACCESS TO PUBLICLY KNOWN AND AVAILABLE MEDICINAL PRODUCTS. FTO MAY THEN TAKE ACTION TO RAISE PUBLIC AWARENESS OF IDENTIFIED PROBLEMS WITH THESE PATENTS AND PATENT APPLICATIONS, THROUGH PETITIONING RELEVANT PATENT OFFICES, PROVIDING INFORMATION TO JOURNALISTS, AND PROVIDING INFORMATION TO INDIVIDUALS AND ORGANIZATIONS THAT ARE INTERESTED IN RESEARCH AND DEVELOPMENT OF THE KNOWN AND AVAILABLE MEDICINAL PRODUCTS. THESE ACTIONS ALLOW RESEARCH ORGANIZATIONS TO MORE EFFICIENTLY ACHIEVE THEIR GOALS, TO EXPEDITE SCIENTIFIC ADVANCEMENT, AND TO AVOID WASTEFUL EXPENDITURES.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$5,500
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$7,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$13,000
Total Program Service Revenue$0
Investment income $14
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,014

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