Project Freedom Carolinas Inc
- Assets
- $847.0k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Matthews, NC
- Founding
- Data as of
- 12/2022
- EIN
- 87-3662663
Organization Overview
Project Freedom Carolinas Inc is located in Matthews, NC. According to its NTEE Classification (I72) the organization is classified as: Child Abuse Prevention, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Freedom Carolinas Inc 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROJECT FREEDOM WAS FORMED TO ADDRESS A CRITICAL UNMET NEED FOR CHILDREN AND YOUTH RESCUED FROM SEX TRAFFICKING AND SEXUAL EXPLOITATION, INCLUDING YOUNG MOTHERS BY PARTNERING ACROSS OUR COMMUNITY TO RAISE AWARENESS ON THE IMMEDIATE CRITICAL NEEDS AND TO RAISE THE NEEDED FUNDS TO CLOSE THESE GAPS. WE LIKEN IT TO BEING THE JET FUEL TO THE ORGANIZATIONS ON THE FRONTLINES FIGHTING THE FIGHT TO CLOSE THESE CRITICAL GAPS. $750,000 HAS CURRENTLY BEEN RAISED AND RESTRICTED TO CAPITAL EXPENSES FOR PROPERTY, FACILITIES, AND EQUIPMENT TO CREATE RESIDENTIAL FACILITIES FOR CHILDREN AND YOUNG MOTHERS WITH CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESCUED CHILDREN ARE OFTEN UNABLE TO RETURN HOME AND NEED A SAFE PLACE TO STABILIZE AND BEGIN HEALING. AN EMERGENT CARE SOLUTION MUST BE CREATED TO ADDRESS COMPREHENSIVE CARE INCLUDING IMMEDIATE MEDICAL, THERAPEUTIC, AND EMOTIONAL NEEDS OF THESE YOUNG SURVIVORS. THIS LEVEL OF EMERGENT CARE IS NOT CURRENTLY AVAILABLE IN THE CAROLINAS. PROJECT FREEDOM WILL PARTNER ACROSS A COMMUNITY COMPREHENSIVE CARE ECO-SYSTEM TO CREATE THIS NEW MODEL OF CARE, GIVING EACH RESCUED CHILD THE OPPORTUNITY TO BEGIN HEALING IN A HEALTHY ENVIRONMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Gibson President | OfficerTrustee | 10 | $0 |
E Croston Secretary | OfficerTrustee | 10 | $0 |
T Turner Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $750,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $386,794 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,136,794 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,136,794 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,249 |
| All other expenses | $991 |
| Total functional expenses | $287,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $624,639 |
| 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 | $0 |
| Investments—publicly traded securities | $222,385 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $847,024 |
| Accounts payable and accrued expenses | $2,857 |
| 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 | $2,857 |
| Net assets without donor restrictions | $94,167 |
| Net assets with donor restrictions | $750,000 |
| 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 | $847,024 |