Civic Intelligence

Freedom 58 Project Incorporated

EIN 52-2187487 • 501(c)3 • Centennial, CO

Profile

Freedom 58 project is a christ-centered ministry dedicated to innovation and collaboration to increase the capacity of anti-human trafficking organizations in the pursit of biblical justice.

7173 S Havana St Ste 100-63Centennial, CO 80112

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.01x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.00x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

82nd percentile

30%

Higher net margin than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

93rd percentile

111%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

263%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$151,667

Up $79,831 (+111%) from 2023

Liabilities

Up

$989

Up $989 from 2023

Net Assets

$150,678

No earlier filing loaded for comparison.

Revenue

Up

$259,846

Up $188,260 (+263%) from 2023

Expenses

Up

$181,004

Up $126,557 (+232%) from 2023

Net Income

Up

$78,842

Up $61,703 (+360%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2021: $24,205Net Assets 2021: $24,2052021Assets 2022: $54,697Net Assets 2022: $54,6972022Assets 2023: $71,836Liabilities 2023: $02023Assets 2024: $151,667Liabilities 2024: $989Net Assets 2024: $150,6782024

Highlighted filing

2024

Assets$151,667
Liabilities$989
Net Assets$150,678

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2021: $68,470Expenses 2021: $58,550Net Income 2021: $9,9202021Revenue 2022: $59,120Expenses 2022: $28,628Net Income 2022: $30,4922022Revenue 2023: $71,586Expenses 2023: $54,447Net Income 2023: $17,1392023Revenue 2024: $259,846Expenses 2024: $181,004Net Income 2024: $78,8422024

Highlighted filing

2024

Revenue$259,846
Expenses$181,004
Net Income$78,842

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 6, 2025
Return Version
2024v5.0
Gross Receipts
$259,846
Mission and Program Overview

Mission

Freedom 58 project is a christ-centered ministry dedicated to innovation and collaboration to increase the capacity of anti-human trafficking organizations in the pursit of biblical justice.

Freedom 58 project uses art, education and frontline prevention to illuminate injustice, equip communities, and intervene in human trafficking situations before exploitation begins.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$71,508$147,256▲ $75,748
Prepaid Expenses and Deferred Charges-$3,355-
Land, Buildings, and Equipment, Net-$1,056-
Savings and Temporary Cash Investments$328--
Total Assets$71,836$151,667▲ $79,831
Liabilities
Other Liabilities-$989-
Total Liabilities$0$989▲ $989
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$71,836$150,678▲ $78,842
Total Net Assets Fund Balance$71,836$150,678▲ $78,842
Total Liabilities and Net Assets / Fund Balance$71,836$151,667▲ $79,831

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,056$2,248$3,304
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$259,684
Program Service Revenue
$0
Investment Income
$162
Other Revenue
$0
All Other Contributions
$259,684
Change in Net Assets
$78,842
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$95,436
Salaries, Compensation, and Employee Benefits$85,568
Total Fundraising Expense$31,827
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$55,599-$23,827$79,426
Advertising$15,782--$15,782
Office Expenses$4,256$9,880-$14,136
All Other Expenses$10,782$981-$11,763
Other Expenses$6,542-$8,000$6,542
Payroll Taxes$6,142--$6,142
Occupancy$3,808--$3,808
Depreciation Depletion-$2,248-$2,248
Fees for Services Accounting-$600-$600
Total Functional Expenses$135,468$13,709$31,827$181,004
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$989
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Robert swenson libby swenson president executive married

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

All directors and officers must complete a conflict of interest disclosure form annually and update it promptly if circumstances change. The board (or designated governance committee) will review all disclosures and determine appropriate action. Any decision related to a disclosed conflict will be documented in meeting minutes, including the nature of the conflict and the rationale for any action taken. Failure to disclose conflicts of interest may result in disciplinary action, up to and including removal from the board, termination of employment, or termination of volunteer engagement. All directors, officers, staff members, and key volunteers must sign an acknowledgment stating that they have read, understand, and agree to comply with this policy.

Form 990, Page 6, Part VI, Line 19

Governance and organizational structure: freedom 58 project is governed by a board of directors and led by co-founders bob and libby swenson. The organization operates with a commitment to transparency, accountability, and collaboration, partnering with various stakeholders to amplify its impact in combating human trafficking.

Filing and Contact Details

Filer

Filer Name
Freedom 58 Project Incorporated
EIN
52-2187487
Phone
3038073876
Address
7173 S HAVANA ST STE 100-63, CENTENNIAL, CO 80112

Signing Officer

Name
Robert Swenson
Title
President
Phone
3038073876
Signed
2025-02-06

Organization Details

Principal Officer
Robert Swenson
Voting Board Members
5
Independent Board Members
4
Employees
1

Preparer

Firm
Palik & Associates Pc
Address
8100 RALSTON RD STE 220, ARVADA, CO 80002-2456
Preparer
Christopher D Palik
Phone
3034327077
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

The e file signature page was returned before the return was looked over.

Form 990, Page 2, Part III, Line 4A

Mission statement: freedom 58 project uses art, education, and frontline prevention to illuminate injustice, equip communities, and intervene in human trafficking situations before exploitation begins. Program service accomplishments: the faces of freedom art exhibit: we curated and expanded the "faces of freedom" art exhibit, featuring over 250 original paintings inspired by survivor stories. In 2024 it was installed in metro denver. This exhibit utilizes abolitionist and survivor stories from the u.s. And around the world to illuminated the realities of trafficking and equipped them with tools to identify and prevent exploitation. Included within this broader exhibit is the growing legacy collection, which features powerful portaits of historical abolitionists like frederick douglass, rosa parks, harriet tubman and other leaders who have shaped the fight for freedom. This collection serves as a reminder that one person can make a difference, encouraging viewers to draw inspiration from those who have led the charge for justice throughout history. Conclusion: these details reflect our ongoing commitment to ending modern-day slavery and restoring dignity to survivors through innovative and collaborative approaches.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MISSION STATEMENT: FREEDOM 58 PROJECT USES ART, EDUCATION, AND FRONTLINE PREVENTION TO ILLUMINATE INJUSTICE, EQUIP COMMUNITIES, AND INTERVENE IN HUMAN TRAFFICKING SITUATIONS BEFORE EXPLOITATION BEGINS. PROGRAM SERVICE ACCOMPLISHMENTS: THE FACES OF FREEDOM ART EXHIBIT: WE CURATED AND EXPANDED THE "FACES OF FREEDOM" ART EXHIBIT, FEATURING OVER 250 ORIGINAL PAINTINGS INSPIRED BY SURVIVOR STORIES. IN 2024 IT WAS INSTALLED IN METRO DENVER. THIS EXHIBIT UTILIZES ABOLITIONIST AND SURVIVOR STORIES FROM THE U.S. AND AROUND THE WORLD TO ILLUMINATED THE REALITIES OF TRAFFICKING AND EQUIPPED THEM WITH TOOLS TO IDENTIFY AND PREVENT EXPLOITATION. INCLUDED WITHIN THIS BROADER EXHIBIT IS THE GROWING LEGACY COLLECTION, WHICH FEATURES POWERFUL PORTAITS OF HISTORICAL ABOLITIONISTS LIKE FREDERICK DOUGLASS, ROSA PARKS, HARRIET TUBMAN AND OTHER LEADERS WHO HAVE SHAPED THE FIGHT FOR FREEDOM. THIS COLLECTION SERVES AS A REMINDER THAT ONE PERSON CAN MAKE A DIFFERENCE, ENCOURAGING VIEWERS TO DRAW INSPIRATION FROM THOSE WHO HAVE LED THE CHARGE FOR JUSTICE THROUGHOUT HISTORY. CONCLUSION: THESE DETAILS REFLECT OUR ONGOING COMMITMENT TO ENDING MODERN-DAY SLAVERY AND RESTORING DIGNITY TO SURVIVORS THROUGH INNOVATIVE AND COLLABORATIVE APPROACHES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ROBERT SWENSON LIBBY SWENSON PRESIDENT EXECUTIVE MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DIRECTORS AND OFFICERS MUST COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY AND UPDATE IT PROMPTLY IF CIRCUMSTANCES CHANGE. THE BOARD (OR DESIGNATED GOVERNANCE COMMITTEE) WILL REVIEW ALL DISCLOSURES AND DETERMINE APPROPRIATE ACTION. ANY DECISION RELATED TO A DISCLOSED CONFLICT WILL BE DOCUMENTED IN MEETING MINUTES, INCLUDING THE NATURE OF THE CONFLICT AND THE RATIONALE FOR ANY ACTION TAKEN. FAILURE TO DISCLOSE CONFLICTS OF INTEREST MAY RESULT IN DISCIPLINARY ACTION, UP TO AND INCLUDING REMOVAL FROM THE BOARD, TERMINATION OF EMPLOYMENT, OR TERMINATION OF VOLUNTEER ENGAGEMENT. ALL DIRECTORS, OFFICERS, STAFF MEMBERS, AND KEY VOLUNTEERS MUST SIGN AN ACKNOWLEDGMENT STATING THAT THEY HAVE READ, UNDERSTAND, AND AGREE TO COMPLY WITH THIS POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNANCE AND ORGANIZATIONAL STRUCTURE: FREEDOM 58 PROJECT IS GOVERNED BY A BOARD OF DIRECTORS AND LED BY CO-FOUNDERS BOB AND LIBBY SWENSON. THE ORGANIZATION OPERATES WITH A COMMITMENT TO TRANSPARENCY, ACCOUNTABILITY, AND COLLABORATION, PARTNERING WITH VARIOUS STAKEHOLDERS TO AMPLIFY ITS IMPACT IN COMBATING HUMAN TRAFFICKING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt071836
IRS990/TotalAssetsEOYAmt0151667
IRS990/TotalAssetsGrp/BOYAmt071836
IRS990/TotalAssetsGrp/EOYAmt0151667
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0259684
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt031827
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013709
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0135468
IRS990/TotalFunctionalExpensesGrp/TotalAmt0181004
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0989
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0989
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt071836
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0150678
IRS990/TotalProgramServiceExpensesAmt0135468
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0162
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0259846
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt071836
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0151667
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0756 SPRING CREEK RD
IRS990/USAddress/CityNm0SILVERTHORNE
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080498
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT SWENSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03038073876
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FREEDOM 58 PROJECT INCORPORATED
ReturnHeader/Filer/BusinessNameControlTxt0FREE
ReturnHeader/Filer/EIN0522187487
ReturnHeader/Filer/PhoneNum03038073876
ReturnHeader/Filer/USAddress/AddressLine1Txt07173 S HAVANA ST STE 100-63
ReturnHeader/Filer/USAddress/CityNm0CENTENNIAL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080112
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0463810784
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PALIK & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08100 RALSTON RD STE 220
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ARVADA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0800022456
ReturnHeader/PreparerPersonGrp/PhoneNum03034327077
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER D PALIK
ReturnHeader/ReturnTs02025-08-04T09:39:09-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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