Civic Intelligence

Freedom Farm

990 • Fiscal year 2020 • EIN 41-1990650

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 12, 2021

11500 Ferman Ave SWWaverly, MN 55390

(952) 955-2505

Siviq Scores

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

Liabilities / Assets

70th percentile

0.22x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

79th percentile

0.34x

Higher debt load relative to revenue than 79% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

78th percentile

27%

Higher net margin than 78% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

72nd percentile

$61,880

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 13.6% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

82nd percentile

47%

Faster asset growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

78th percentile

27%

Faster revenue growth than 78% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$705,677

Up $225,876 (+47%) from 2019

Net Assets

Up

$550,677

Up $124,325 (+29%) from 2019

Liabilities

Up

$155,000

Up $101,551 (+190%) from 2019

Revenue

Up

$454,373

Up $95,842 (+27%) from 2019

Expenses

Down

$330,048

Down $15,213 (-4.4%) from 2019

Net Income

Up

$124,325

Up $111,055 (+837%) from 2019

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $41,633Liabilities 2011: $25,285Net Assets 2011: $16,3482011Assets 2012: $122,913Liabilities 2012: $13,949Net Assets 2012: $108,9642012Assets 2013: $133,566Liabilities 2013: $256Net Assets 2013: $133,3102013Assets 2014: $176,240Liabilities 2014: $11,364Net Assets 2014: $164,8762014Assets 2015: $211,227Liabilities 2015: $14,020Net Assets 2015: $197,2072015Assets 2016: $427,372Liabilities 2016: $118,411Net Assets 2016: $308,9612016Assets 2017: $431,371Liabilities 2017: $59,387Net Assets 2017: $371,9842017Assets 2018: $450,984Liabilities 2018: $37,902Net Assets 2018: $413,0822018Assets 2019: $479,801Liabilities 2019: $53,449Net Assets 2019: $426,3522019Assets 2020: $705,677Liabilities 2020: $155,000Net Assets 2020: $550,6772020Assets 2021: $700,639Liabilities 2021: $155,000Net Assets 2021: $545,6392021Assets 2022: $722,211Liabilities 2022: $140,468Net Assets 2022: $581,7432022Assets 2023: $629,838Liabilities 2023: $131,363Net Assets 2023: $498,4752023Assets 2024: $531,859Liabilities 2024: $125,729Net Assets 2024: $406,1302024

Highlighted filing

2020

Assets$705,677
Liabilities$155,000
Net Assets$550,677

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $193,651Expenses 2011: $183,938Net Income 2011: $9,7132011Expenses 2012: $238,9942012Revenue 2013: $230,045Expenses 2013: $205,699Net Income 2013: $24,3462013Revenue 2014: $233,279Expenses 2014: $204,995Net Income 2014: $28,2842014Revenue 2015: $286,906Expenses 2015: $254,575Net Income 2015: $32,3312015Revenue 2016: $430,182Expenses 2016: $318,428Net Income 2016: $111,7542016Revenue 2017: $368,578Expenses 2017: $305,555Net Income 2017: $63,0232017Revenue 2018: $364,060Expenses 2018: $322,962Net Income 2018: $41,0982018Revenue 2019: $358,531Expenses 2019: $345,261Net Income 2019: $13,2702019Revenue 2020: $454,373Expenses 2020: $330,048Net Income 2020: $124,3252020Revenue 2021: $345,513Expenses 2021: $350,551Net Income 2021: -$5,0382021Revenue 2022: $389,623Expenses 2022: $353,519Net Income 2022: $36,1042022Revenue 2023: $309,114Expenses 2023: $392,382Net Income 2023: -$83,2682023Revenue 2024: $272,478Expenses 2024: $362,838Net Income 2024: -$90,3602024

Highlighted filing

2020

Revenue$454,373
Expenses$330,048
Net Income$124,325
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 12, 2021
Return Version
2020v4.1
Gross Receipts
$466,899
Mission and Program Overview

Mission

Freedom Farm enriches lives by partnering with the unique attributes of the horse to improve mobility, build confidence and encourage personal growth in children and adults with physical, mental and emotional challenges.

Freedom Farm partners with the unique gifts of the horse to offer healing, hope, confidence, and strength.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$426,352$550,677▲ $124,325
Land, Buildings, and Equipment, Net$434,986$427,656▼ $7,330
Savings and Temporary Cash Investments$5,915$155,315▲ $149,400
Cash and Non-Interest-Bearing Accounts$38,900$122,706▲ $83,806
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$479,801$705,677▲ $225,876
Liabilities
Unsecured Notes Loans Payable$19,225$155,000▲ $135,775
Accounts Payable and Accrued Expenses$34,224--
Total Liabilities$53,449$155,000▲ $101,551
Net Assets / Fund Balance
Total Net Assets Fund Balance$426,352$550,677▲ $124,325
Total Liabilities and Net Assets / Fund Balance$479,801$705,677▲ $225,876

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$373,100$49,639$422,739
Other Land Buildings$10,707$46,400$57,107
Equipment$24,575$13,964$38,539
Buildings$19,274$6,641$25,915
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Susie BjorklundPresidentFT$61,880$61,880

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$319,708
Program Service Revenue
$61,125
Investment Income
$2,459
Other Revenue
$71,081
All Other Contributions
$237,122
Change in Net Assets
$124,325
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$177,525
Salaries, Compensation, and Employee Benefits$152,523
Total Fundraising Expense$36,698
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$66,883$1,328$10,690$78,901
Current Officers, Directors, Trustees, and Key Employees$37,128$6,188$18,564$61,880
Occupancy$34,691--$34,691
Depreciation Depletion$17,830--$17,830
Insurance$13,897--$13,897
Payroll Taxes$8,675$627$2,440$11,742
Office Expenses$2,707$2,105-$4,812
All Other Expenses$-383$1,705$2,999$4,321
Information Technology$4,045--$4,045
Other Expenses$14,758$3,012$1,751$3,012
Interest-$3,006-$3,006
Fees for Services Accounting-$2,175-$2,175
Travel$1,122--$1,122
Advertising--$254$254
Conferences and Meetings$125--$125
Total Functional Expenses$271,155$22,195$36,698$330,048
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$65,705
Fundraising Direct Expenses$12,076
Gaming Direct Expenses$450
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Polo Event$118,391$65,705$10,072$55,633
Total Events$118,391$65,705$12,076$53,629
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

The Board is given the 990 to review and upon approval it is filed.

Form 990, Part VI, Section B, line 15A

Executive Director salary determined by comparing to similar positions in the industry and approval by the Board of Directors.

Form 990, Part VI, Section C, line 19

Governing documents are made available upon request at the office of Freedom Farm.

Filing and Contact Details

Filer

Filer Name
Freedom Farm
EIN
41-1990650
Phone
9529552505
Address
11500 Ferman Ave SW, Waverly, MN 55390

Signing Officer

Name
Susan Bjorklund
Title
President
Phone
9529552505
Signed
2021-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Bjorklund
Formed
2000
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
6
Volunteers
30

Preparer

Firm
Abdo Eick & Meyers LLP
Address
5201 Eden Avenue Suite 250, Edina, MN 55436
Preparer
Steven D Anseth CPA
Phone
9528359090
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IRS990/ProgSrvcAccomActy2Grp/Desc0Succeed with Horses at Freedom Academy: Freedom Academy is an on-site Accredited Public High School. Students attend the 'Succeed with Horses' class daily where they partner with the horse gaining horsemanship skills and learning to find direction and build positive relationships.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Mount Up/Walk On: For veterans and active duty service members who are on a path of healing. It's a time to rebuild confidence and trust, focus on the 'here and now and to give back to the community.
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IRS990/PYSalariesCompEmpBnftPaidAmt0152461
IRS990/PYTotalExpensesAmt0345261
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0358531
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0124325
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt017902
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt012080
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0426352
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0550677
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05915
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0155315
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt023271
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt018000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt041271
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0319708
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0216482
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0283878
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0313329
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0252290
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01385687
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt013
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt017
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt09
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt042
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0144732
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0190091
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0133533
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0120533
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0210660
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0799549
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt013
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt017
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt042
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98110
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt02143965
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt023271
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt018000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt041271
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0464440
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0406573
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0417411
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0433862
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0462950
IRS990ScheduleA/Total509Grp/TotalAmt02185236
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0464443
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0406586
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0417428
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0433871
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0462950
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02185278
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt019274
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06641
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt025915
IRS990ScheduleD/EquipmentGrp/BookValueAmt024575
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013964
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt038539
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0373100
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt049639
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0422739
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010707
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt046400
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt057107
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0427656
IRS990ScheduleG/CharitableDistributionRqrInd00
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt052686
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt052686
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt012076
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Polo Event
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0118391
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0118391
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt065705
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt065705
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt053629
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt010072
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt010072
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt02004
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt02004
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt0450
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt0-450
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssOtherGamingAmt0450
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt0450
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd01
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingPct01.00000
IRS990ScheduleG/GamingOwnFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd01
IRS990ScheduleG/IndividualWithBooksNm0Sue Claussen
IRS990ScheduleG/LicensedInd01
IRS990ScheduleG/LicenseSuspendedEtcInd00
IRS990ScheduleG/MemberOfOtherEntityInd00
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt011500 Ferman Ave SW
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0Waverly
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0MN
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd055390
IRS990ScheduleG/StatesWhereGamingConductedCd0MN
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board is given the 990 to review and upon approval it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Executive Director salary determined by comparing to similar positions in the industry and approval by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents are made available upon request at the office of Freedom Farm.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.32$1.26$4.06$2.72$3.63$0.90
2023Summary only. Only limited summary data is available for this year.$6.30$1.31$4.98$3.09$3.92$0.83
2022Summary only. Only limited summary data is available for this year.$7.22$1.40$5.82$3.90$3.54$0.36
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.01$1.55$5.46$3.46$3.51$0.05
2020Detailed filing. Detailed filing data is available for this year.$7.06$1.55$5.51$4.54$3.30$1.24
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.80$0.53$4.26$3.59$3.45$0.13
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.51$0.38$4.13$3.64$3.23$0.41
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.31$0.59$3.72$3.69$3.06$0.63
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.27$1.18$3.09$4.30$3.18$1.12
2015Detailed filing. Detailed filing data is available for this year.$2.11$0.14$1.97$2.87$2.55$0.32
2014Detailed filing. Detailed filing data is available for this year.$1.76$0.11$1.65$2.33$2.05$0.28
2013Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.33$2.30$2.06$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.14$1.09$2.39
2011Summary only. Only limited summary data is available for this year.$0.42$0.25$0.16$1.94$1.84$0.10