Freeworld
- Assets
- $956.3k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 6
- Location
- San Jose, CA
- Founding
- Data as of
- 12/2021
- EIN
- 85-1834696
Organization Overview
Freeworld is located in San Jose, CA. According to its NTEE Classification (I40) the organization is classified as: Rehabilitation Services for Offenders, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2021, Freeworld employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freeworld is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO END GENERATIONAL POVERTY AND RECIDIVISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAM - FREE WORLD PROVIDES JUSTICE-IMPACTED INDIVIDUALS WITH FULL SUPPORT, EDUCATION, AND TRAINING TO OBTAIN THEIR CLASS A CDL LICENSE ONCE A PROGRAM PARTICIPANT GRADUATES, WE ASSIST THEM WITH FINDING A CAREER AND CONTINUE TO PROVIDE CAREER AND SUPPORT SERVICES FOR THREE ADDITIONAL YEARS TO ASSIST THEM WITH BUILDING WEALTH, ENDING GENERATIONAL POVERTY, AND REMAINING PRISON - FREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Wang Founder & CEO | Officer | 50 | $51,298 |
Jason Green Board Chair | OfficerTrustee | 5 | $0 |
Kumar Garg Board Member | Trustee | 5 | $0 |
Andy Bromberg Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,298,308 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,298,308 |
| Total Program Service Revenue | $60,341 |
| Investment income | $98 |
| 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 | $1,359,392 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $352,469 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $51,298 |
| Compensation of current officers, directors, key employees. | $3,982 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $343,921 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,081 |
| Payroll taxes | $13,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,721 |
| Fees for services: Accounting | $15,552 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,520 |
| Advertising and promotion | $2,959 |
| Office expenses | $6,460 |
| Information technology | $1,577 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,357 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,702 |
| Insurance | $5,630 |
| All other expenses | $48,750 |
| Total functional expenses | $963,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $945,741 |
| 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 | $10,581 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $956,322 |
| Accounts payable and accrued expenses | $60,633 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $60,633 |
| Net assets without donor restrictions | $895,689 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $956,322 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Freeworld has recieved totaling $300,500.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $300,500 |
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|---|---|---|
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Root & Rebound Oakland, CA | $3,308,423 | $5,036,713 |
Civic Pit Stop San Francisco, CA | $409,877 | $4,173,212 |
Sponsors Inc Eugene, OR | $6,830,630 | $4,171,761 |
Turn 2 U Inc San Francisco, CA | $6,485,227 | $4,906,242 |
Friends Outside In Los Angeles County Pasadena, CA | $1,258,531 | $2,852,021 |
William James Association Santa Cruz, CA | $915,392 | $2,165,364 |
God Behind Bars Inc Henderson, NV | $920,868 | $2,170,719 |
Harrison Homes Inc Stockton, CA | $267,443 | $1,587,323 |
Restorative Partners Inc San Luis Obispo, CA | $4,443,824 | $1,447,236 |