Civic Intelligence

Freedom 4-24

990 • Fiscal year 2019 • EIN 26-4320885

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

PO Box 3155Lynchburg, VA 24503

(434) 582-4517

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

36th percentile

0.00x

Higher debt load relative to assets than 36% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

30th percentile

0.00x

Higher debt load relative to revenue than 30% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

38th percentile

-0.3%

Higher net margin than 38% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

69th percentile

$55,000

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

29th percentile

-3.1%

Faster asset growth than 29% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

41st percentile

0.1%

Faster revenue growth than 41% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$111,662

Down $3,568 (-3.1%) from 2018

Net Assets

Down

$111,165

Down $1,230 (-1.1%) from 2018

Liabilities

Down

$497

Down $2,338 (-82%) from 2018

Revenue

Up

$424,396

Up $581 (+0.1%) from 2018

Expenses

Down

$425,626

Down $9,060 (-2.1%) from 2018

Net Income

Up

-$1,230

Up $9,641 (+89%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2010: $44,847Liabilities 2010: $1,390Net Assets 2010: $43,4572010Assets 2011: $78,676Liabilities 2011: $0Net Assets 2011: $78,6762011Assets 2012: $109,133Liabilities 2012: $0Net Assets 2012: $109,1332012Assets 2013: $89,767Liabilities 2013: $0Net Assets 2013: $89,7672013Assets 2014: $38,272Liabilities 2014: $1,323Net Assets 2014: $36,9492014Assets 2015: $38,112Liabilities 2015: $526Net Assets 2015: $37,5862015Assets 2016: $73,842Liabilities 2016: $208Net Assets 2016: $73,6342016Assets 2017: $126,505Liabilities 2017: $3,239Net Assets 2017: $123,2662017Assets 2018: $115,230Liabilities 2018: $2,835Net Assets 2018: $112,3952018Assets 2019: $111,662Liabilities 2019: $497Net Assets 2019: $111,1652019Assets 2020: $192,302Liabilities 2020: $44,593Net Assets 2020: $147,7092020Assets 2021: $304,245Liabilities 2021: $1,217Net Assets 2021: $303,0282021Assets 2022: $235,531Liabilities 2022: $0Net Assets 2022: $235,5312022Assets 2023: $268,753Liabilities 2023: $0Net Assets 2023: $268,7532023Assets 2024: $197,593Liabilities 2024: $1,833Net Assets 2024: $195,7602024Assets 2025: $188,389Liabilities 2025: $328Net Assets 2025: $188,0612025

Highlighted filing

2019

Assets$111,662
Liabilities$497
Net Assets$111,165

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2010: $41,6732010Expenses 2011: $57,0272011Expenses 2012: $103,9112012Revenue 2013: $168,320Expenses 2013: $187,686Net Income 2013: -$19,3662013Revenue 2014: $238,511Expenses 2014: $291,329Net Income 2014: -$52,8182014Revenue 2015: $282,096Expenses 2015: $281,459Net Income 2015: $6372015Revenue 2016: $380,841Expenses 2016: $344,793Net Income 2016: $36,0482016Revenue 2017: $540,783Expenses 2017: $491,151Net Income 2017: $49,6322017Revenue 2018: $423,815Expenses 2018: $434,686Net Income 2018: -$10,8712018Revenue 2019: $424,396Expenses 2019: $425,626Net Income 2019: -$1,2302019Revenue 2020: $465,277Expenses 2020: $428,733Net Income 2020: $36,5442020Revenue 2021: $640,825Expenses 2021: $485,506Net Income 2021: $155,3192021Revenue 2022: $501,269Expenses 2022: $568,766Net Income 2022: -$67,4972022Revenue 2023: $641,698Expenses 2023: $608,476Net Income 2023: $33,2222023Revenue 2024: $548,372Expenses 2024: $621,365Net Income 2024: -$72,9932024Revenue 2025: $588,973Expenses 2025: $596,672Net Income 2025: -$7,6992025

Highlighted filing

2019

Revenue$424,396
Expenses$425,626
Net Income-$1,230
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$530,726
Mission and Program Overview

Mission

Freedom 4-24 seeks to prevent and end sexual exploitation and trafficking locally and globally. The organization raises awareness, provides prevention education, and expands the restoration work of its partners.

Freedom 4/24s mission is to provide a pathway to freedom for the sexually exploited. The organization exists to raise awareness of the rampant sexual exploitation and trafficking of women and children around the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$115,230$111,662▼ $3,568
Total Assets$115,230$111,662▼ $3,568
Liabilities
Accounts Payable and Accrued Expenses$2,835$497▼ $2,338
Total Liabilities$2,835$497▼ $2,338
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$112,395$111,165▼ $1,230
Total Net Assets Fund Balance$112,395$111,165▼ $1,230
Total Liabilities and Net Assets / Fund Balance$115,230$111,662▼ $3,568

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$8,630$8,630
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joy CoverPresidentFT$55,000$55,000
Sal FerliseCFOPT$20,400$20,400

Board Members and Trustees

NameTitle
Abe LoperDirector
Allen JonesDirector
Amber KrabachDirector
David NorcrossDirector
Dawn ThomasDirector
Martha HeinleinDirector
Michael GelattDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$283,163
Program Service Revenue
$0
Investment Income
$135
Other Revenue
$141,098
All Other Contributions
$272,068
Change in Net Assets
$-1,230

Audited Revenue Reconciliation

Revenue per Audited Statements
$424,396
Total Revenue per Audited Statements
$424,396
Total Revenue per Form 990
$424,396
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$234,227
Other Expenses$141,299
Total Fundraising Expense$62,868
Grants and Similar Amounts Paid$50,100
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$126,163$48,922$36,882$211,967
Grants to Domestic Orgs$50,100--$50,100
Office Expenses$1,205$5,634$14,950$21,789
Occupancy$2,533$11,820$2,533$16,886
Payroll Taxes$9,651$3,743$2,821$16,215
Advertising$2,233$866$4,045$7,144
Pension Plan Contributions$3,598$1,395$1,052$6,045
Fees for Services Accounting-$3,345-$3,345
Insurance$850$1,955$248$3,053
Other Expenses$88,661$84$337$421
Total Functional Expenses$284,994$77,764$62,868$425,626

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$425,626
Total Expenses per Audited Statements$425,626
Total Expenses per Form 990$425,626
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Freedom Firm USAFairfield, NJ501-$19,500
Sports Outreach InstituteHopkins, MN501-$15,000
The International Foundation---$10,000
New Beginnings FoundationLynchburg, VA501-$5,000
Various-501-$600
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$247,016
Fundraising Direct Expenses$106,330
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Running Race$131,199$131,199$82,741$48,458
Gala$115,817$115,817$23,589$92,228
Total Events$247,016$247,016$106,330$140,686
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The form 990 was provided to the board before filing.

Governing documents etc available to public Part VI line 19

All documents are made available to the public upon request

Filing and Contact Details

Filer

Filer Name
Freedom 4 24
EIN
26-4320885
Address
PO BOX 3155, LYNCHBURG, VA 24503

Signing Officer

Name
Sal Ferlise
Title
Director
Phone
4345824517
Signed
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joy Cover
Formed
2009
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
8

Preparer

Firm
David a Dolan CPA Pc
Address
7331 TIMBERLAKE ROAD SUITE 204, LYNCHBURG, VA 24502
Preparer
David a Dolan CPA
Phone
4342375773
Supplemental Narrative

Additional Explanations

Amended return information

This return is being amended to correct the name of principal officer and to report the correct numbers on part i lines 3 and 4.

Raw XML AppendixShowing 400 of 432 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0131199
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NEW BEGINNINGS FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1SPORTS OUTREACH INSTITUTE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2FREEDOM FIRM USA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3VARIOUS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4THE INTERNATIONAL FOUNDATION
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IRS990ScheduleI/RecipientTable/USAddress/CityNm1HOPKINS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS RETURN IS BEING AMENDED TO CORRECT THE NAME OF PRINCIPAL OFFICER AND TO REPORT THE CORRECT NUMBERS ON PART I LINES 3 AND 4.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WAS PROVIDED TO THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return information
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
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IRS990/TotalReportableCompFromOrgAmt075400
IRS990/TotalRevenueGrp/ExclusionAmt0141233
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.88$0.00$1.88$5.89$5.97$0.08
2024Detailed filing. Detailed filing data is available for this year.$1.98$0.02$1.96$5.48$6.21$0.73
2023Detailed filing. Detailed filing data is available for this year.$2.69$0.00$2.69$6.42$6.08$0.33
2022Detailed filing. Detailed filing data is available for this year.$2.36$0.00$2.36$5.01$5.69$0.67
2021Detailed filing. Detailed filing data is available for this year.$3.04$0.01$3.03$6.41$4.86$1.55
2020Detailed filing. Detailed filing data is available for this year.$1.92$0.45$1.48$4.65$4.29$0.37
2019Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.11$4.24$4.26$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.15$0.03$1.12$4.24$4.35$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.27$0.03$1.23$5.41$4.91$0.50
2016Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$3.81$3.45$0.36
2015Detailed filing. Detailed filing data is available for this year.$0.38$0.01$0.38$2.82$2.81$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.38$0.01$0.37$2.39$2.91$0.53
2013Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$1.68$1.88$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.00$1.09$1.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.00$0.79$0.57
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.01$0.43$0.42