Liabilities / Assets
85th percentile
Higher debt load relative to assets than 85% of similar nonprofits.
Dfree Global Foundation Inc.
990EZ • Fiscal year 2014 • EIN 45-4317604
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.52x
Liabilities / Revenue
83rd percentile
Higher debt load relative to revenue than 83% of similar nonprofits.
Net Margin
13th percentile
Higher net margin than 13% of similar nonprofits.
Top Officer Pay
72nd percentile
Higher top officer pay than 72% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
78th percentile
Faster revenue growth than 78% of similar nonprofits.
Balance Sheet
Assets
Down$63,236
Down $51,337 (-45%) from 2013
Net Assets
Down$30,586
Down $34,765 (-53%) from 2013
Liabilities
Down$32,650
Down $16,572 (-34%) from 2013
Revenue And Expenses
Revenue
Up$174,923
Up $39,837 (+29%) from 2013
Expenses
Up$209,687
Up $88,392 (+73%) from 2013
Net Income
Down-$34,764
Down $48,555 (-352%) from 2013
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2014 to Dec 31, 2014
- Signed
- Mar 20, 2015
- Return Version
- 2014v5.0
- Gross Receipts
- $174,923
Mission and Program Overview
Mission
The organization's mission is to promote and educate the public about financial literacy. The d-free program's purpose is to motivate individuals that are in financial crisis to lead a debt-free life. The organization provides guidance and financial counseling using the "d-free" living strategy.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE ORGANIZATION SUPPORTS A GRASS ROOTS STRATEGY CALLED "DFREE" LIVING THAT EDUCATES PEOPLE ABOUT FINANCIAL LITERACY. THE INDIVIDUALS RECEIVE FINANCIAL COUNSELING AND GUIDANCE THROUGH EDUCATION, LECTURES AND MATERIALS. | $7,000 | $174,509 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DEFOREST B SOARIES JR | Pres. & Trus | - | $0 | - | - |
| MARGARET SOARIES | V. Pres. & T | - | $0 | - | - |
| LINDA BENNETT | Treas. & Tru | - | $0 | - | - |
| MICHAEL PINNIX | Secretary & | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Dfree Global Foundation Inc
- EIN
- 45-4317604
- Phone
- 7329918364
- Address
- PO BOX 561, KINGSTON, NJ 08528
Signing Officer
- Name
- Rev Deforest B Soaries
- Title
- President
- Phone
- 7329918364
- Signed
- 2015-03-20
Preparer
- Firm
- Civale Silvestri Alfieri Martin & Higgin
- Address
- 1540 KUSER ROAD SUITE A4, MERCERVILLE, NJ 08619-3828
- Preparer
- Peter S Martin CPA
- Phone
- 6095810300
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8
“Event sponsorships 165,000 total 165,000”
Form 990-ez, Part I, Line 10
“7,000 0 0”
Form 990-ez, Part I, Line 16
“Expenses advertising 12,354 travel & lodging 8,012 conferences, convention & mee 43,539 bank charges 415 consultants 79,339 licenses & fees 150 outside services 7,489 promotional items 1,626 supplies 122 telephone 220 video services 3,150 website expense 6,670 fundraising 12,000 total 175,086”
Form 990-ez, Part II, Line 24
“Accounts receivable 0 400 due from t. Williams 0 2,000 total 0 2,400”
Form 990-ez, Part II, Line 26
“Loan payable-ccci 49,214 32,647 payroll liabilities 8 3”
Form 990-ez, Part III
“The organization's mission is to promote and educate the public about financial literacy. The d-free program's purpose is to motivate individuals that are in financial crisis to lead a debt-free life. The organization provides guidance and financial counseling using the "d-free" living strategy.”
Form 990-ez, Part III, Line 28
“The organization supports a grass roots strategy called "dfree" living that educates people about financial literacy. The individuals receive financial counseling and guidance through education, lectures and materials.”
Raw XML Appendix148 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | THE ORGANIZATION |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7329918364 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 561 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | KINGSTON |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 08528 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 114572 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 60836 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 280 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -34764 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1473 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 114572 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 63236 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 7000 |
| IRS990EZ/GrossReceiptsAmt | 0 | 174923 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 65350 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 30586 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 65350 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 30586 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | DEFOREST B SOARIES JR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MARGARET SOARIES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | LINDA BENNETT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | MICHAEL PINNIX |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRES. & TRUS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | V. PRES. & T |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREAS. & TRU |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY & |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 2400 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 175086 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 165000 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE ORGANIZATION'S MISSION IS TO PROMOTE AND EDUCATE THE PUBLIC ABOUT FINANCIAL LITERACY. THE D-FREE PROGRAM'S PURPOSE IS TO MOTIVATE INDIVIDUALS THAT ARE IN FINANCIAL CRISIS TO LEAD A DEBT-FREE LIFE. THE ORGANIZATION PROVIDES GUIDANCE AND FINANCIAL COUNSELING USING THE "D-FREE" LIVING STRATEGY. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 20230 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 9643 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE ORGANIZATION SUPPORTS A GRASS ROOTS STRATEGY CALLED "DFREE" LIVING THAT EDUCATES PEOPLE ABOUT FINANCIAL LITERACY. THE INDIVIDUALS RECEIVE FINANCIAL COUNSELING AND GUIDANCE THROUGH EDUCATION, LECTURES AND MATERIALS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 7000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 174509 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 5898 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NJ |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 49222 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 32650 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 209687 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 174509 |
| IRS990EZ/TotalRevenueAmt | 0 | 174923 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.BILLIONDOLLARPAYDOWN.COM |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 280 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 35000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 112652 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 147932 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 1866 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 1866 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 9643 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 18220 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 27863 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt | 0 | 165000 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt | 0 | 80000 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt | 0 | 245000 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 1866 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 1866 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 420795 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 174923 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 133220 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 112652 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 420795 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 174923 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 135086 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 112652 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 422661 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EVENT SPONSORSHIPS 165,000 TOTAL 165,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 7,000 0 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | EXPENSES ADVERTISING 12,354 TRAVEL & LODGING 8,012 CONFERENCES, CONVENTION & MEE 43,539 BANK CHARGES 415 CONSULTANTS 79,339 LICENSES & FEES 150 OUTSIDE SERVICES 7,489 PROMOTIONAL ITEMS 1,626 SUPPLIES 122 TELEPHONE 220 VIDEO SERVICES 3,150 WEBSITE EXPENSE 6,670 FUNDRAISING 12,000 TOTAL 175,086 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCOUNTS RECEIVABLE 0 400 DUE FROM T. WILLIAMS 0 2,000 TOTAL 0 2,400 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | LOAN PAYABLE-CCCI 49,214 32,647 PAYROLL LIABILITIES 8 3 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE ORGANIZATION'S MISSION IS TO PROMOTE AND EDUCATE THE PUBLIC ABOUT FINANCIAL LITERACY. THE D-FREE PROGRAM'S PURPOSE IS TO MOTIVATE INDIVIDUALS THAT ARE IN FINANCIAL CRISIS TO LEAD A DEBT-FREE LIFE. THE ORGANIZATION PROVIDES GUIDANCE AND FINANCIAL COUNSELING USING THE "D-FREE" LIVING STRATEGY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE ORGANIZATION SUPPORTS A GRASS ROOTS STRATEGY CALLED "DFREE" LIVING THAT EDUCATES PEOPLE ABOUT FINANCIAL LITERACY. THE INDIVIDUALS RECEIVE FINANCIAL COUNSELING AND GUIDANCE THROUGH EDUCATION, LECTURES AND MATERIALS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2016-02-25 16:41:14Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | REV DEFOREST B SOARIES |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7329918364 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2015-03-20 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | DFREE GLOBAL FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | DFRE |
| ReturnHeader/Filer/EIN | 0 | 454317604 |
| ReturnHeader/Filer/PhoneNum | 0 | 7329918364 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 561 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | KINGSTON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 08528 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 223403296 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CIVALE SILVESTRI ALFIERI MARTIN & HIGGIN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1540 KUSER ROAD SUITE A4 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MERCERVILLE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 086193828 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6095810300 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2015-03-22 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | PETER S MARTIN CPA |
| ReturnHeader/ReturnTs | 0 | 2015-04-14T18:57:18-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2014-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-12-31 |
| ReturnHeader/TaxYr | 0 | 2014 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $63,236
- Liabilities
- $32,650
- Net assets
- $30,586
- Revenue
- $174,923
- Expenses
- $209,687
- Net income
- -$34,764