Civic Intelligence

Free Indeed

990 • Fiscal year 2019 • EIN 47-3773929

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 14, 2020

143 Harristown RoadParadise, PA 17562

(717) 442-4973

Siviq Scores

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

Liabilities / Assets

27th percentile

0.01x

Higher debt load relative to assets than 27% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

25th percentile

0.01x

Higher debt load relative to revenue than 25% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

91st percentile

47%

Higher net margin than 91% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

90th percentile

46%

Faster asset growth than 90% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

95th percentile

135%

Faster revenue growth than 95% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,004,911

Up $318,720 (+46%) from 2018

Net Assets

Up

$995,473

Up $315,377 (+46%) from 2018

Liabilities

Up

$9,438

Up $3,343 (+55%) from 2018

Revenue

Up

$664,093

Up $381,371 (+135%) from 2018

Expenses

Up

$348,716

Up $69,570 (+25%) from 2018

Net Income

Up

$315,377

Up $311,801 (+8719%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2015: $16,115Liabilities 2015: $0Net Assets 2015: $16,1152015Assets 2016: $262,675Liabilities 2016: $5,027Net Assets 2016: $257,6482016Assets 2017: $682,264Liabilities 2017: $5,744Net Assets 2017: $676,5202017Assets 2018: $686,191Liabilities 2018: $6,095Net Assets 2018: $680,0962018Assets 2019: $1,004,911Liabilities 2019: $9,438Net Assets 2019: $995,4732019Assets 2020: $1,162,368Liabilities 2020: $7,965Net Assets 2020: $1,154,4032020Assets 2021: $1,281,572Liabilities 2021: $8,271Net Assets 2021: $1,273,3012021Assets 2022: $1,330,247Liabilities 2022: $12,759Net Assets 2022: $1,317,4882022Assets 2023: $1,337,363Liabilities 2023: $11,731Net Assets 2023: $1,325,6322023Assets 2024: $1,284,979Liabilities 2024: $10,835Net Assets 2024: $1,274,1442024

Highlighted filing

2019

Assets$1,004,911
Liabilities$9,438
Net Assets$995,473

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2015: $30,440Expenses 2015: $14,325Net Income 2015: $16,1152015Revenue 2016: $314,915Expenses 2016: $72,499Net Income 2016: $242,4162016Revenue 2017: $559,833Expenses 2017: $140,961Net Income 2017: $418,8722017Revenue 2018: $282,722Expenses 2018: $279,146Net Income 2018: $3,5762018Revenue 2019: $664,093Expenses 2019: $348,716Net Income 2019: $315,3772019Revenue 2020: $492,926Expenses 2020: $333,996Net Income 2020: $158,9302020Revenue 2021: $445,897Expenses 2021: $331,775Net Income 2021: $114,1222021Revenue 2022: $380,863Expenses 2022: $341,476Net Income 2022: $39,3872022Revenue 2023: $333,074Expenses 2023: $329,730Net Income 2023: $3,3442023Revenue 2024: $262,767Expenses 2024: $322,065Net Income 2024: -$59,2982024

Highlighted filing

2019

Revenue$664,093
Expenses$348,716
Net Income$315,377
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 14, 2020
Return Version
2019v5.1
Gross Receipts
$664,093
Mission and Program Overview

Mission

Free indeed exists to provide training and resources to counselors, teachers, and church leaders. The entity also provides educational and religious literature to the community at large. Free indeed seeks to serve in lancaster county, pennsylvania, and beyond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$603,954$798,262▲ $194,308
Cash and Non-Interest-Bearing Accounts$20,513$110,364▲ $89,851
Inventories for Sale or Use$60,063$93,366▲ $33,303
Prepaid Expenses and Deferred Charges$1,661$2,919▲ $1,258
Total Assets$686,191$1,004,911▲ $318,720
Liabilities
Accounts Payable and Accrued Expenses$6,095$9,438▲ $3,343
Total Liabilities$6,095$9,438▲ $3,343
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$680,096$995,473▲ $315,377
Total Net Assets Fund Balance$680,096$995,473▲ $315,377
Total Liabilities and Net Assets / Fund Balance$686,191$1,004,911▲ $318,720

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$666,210$42,429$708,639
Land$125,447-$125,447
Other Land Buildings$6,605$6,178$12,783
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard HooverPresident
Emanuel ZookAdministrator
Amos FisherAt Large
David EshAt Large
Ed StoltzfusAt Large
Lavern ZimmermanAt Large
John StoltzfusSecretary
Wendell HollingerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$648,686
Program Service Revenue
$14,147
Investment Income
$0
Other Revenue
$1,260
All Other Contributions
$648,686
Change in Net Assets
$315,377
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$251,675
Salaries, Compensation, and Employee Benefits$97,041
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$51,863$37,928-$89,791
Depreciation Depletion$9,704$9,704-$19,408
Conferences and Meetings$8,867$2,720-$11,587
Occupancy$5,491$5,491-$10,982
Travel$9,274$1,497-$10,771
All Other Expenses$5,119$2,465-$7,584
Payroll Taxes$4,188$3,062-$7,250
Other Expenses$6,328$362-$6,690
Fees for Services Other-$2,158-$2,158
Insurance$1,175$906-$2,081
Information Technology-$1,478-$1,478
Fees for Services Legal-$1,118-$1,118
Fees for Services Accounting-$768-$768
Total Functional Expenses$269,480$79,236$0$348,716
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Brookside BookstoreJohn Stoltzfus BusinessBook PurchasesNo$10,952
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
Yes
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 free indeed administrator reviews form 990 for accuracy prior to its filing with the internal revenue service.

Governing documents etc available to public Part VI line 19

Free indeed makes its annual reviewed financial statements and other governing documents available upon request.

Filing and Contact Details

Filer

Filer Name
Free Indeed
EIN
47-3773929
Address
143 HARRISTOWN ROAD, PARADISE, PA 17562

Signing Officer

Name
Emanuel Zook
Title
Administrator
Phone
7174424973
Signed
2020-10-14
Discuss with paid preparer
Yes

Organization Details

Formed
2015
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
2

Preparer

Firm
Payne White and Schmutz CPA Pa
Address
114 WN 1ST STREET, SENECA, SC 29678
Preparer
Christian Schmutz
Phone
8648821937
Supplemental Narrative

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (Part X)

Free indeed has adopted accounting principles related to accounting for uncertainty in income taxes. Free indeeds policy is to record a liability for any tax position taken that is beneficial to free indeed, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Penalties and interest related to underpayment of income taxes are not recorded as income taxes but as penalties and interest expense. Management believes there are no such positions as of year-end and, accordingly, no liability has been accrued. Fiscal years ending on or after december 31, 2017 remain subject to examination by federal and state authorities.

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