Civic Intelligence

Carolinas Freedom Foundation

990EZ • Fiscal year 2020 • EIN 56-2024977

Jan 01, 2020 to Dec 31, 2020 • Filed on May 15, 2021

Organization ProfileWWW.CAROLINASFREEDOMFOUNDATION.COM
7804 Fairview Road 284Charlotte, NC 28226

(980) 422-3733

Siviq Scores

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

Liabilities / Assets

68th percentile

0.05x

Higher debt load relative to assets than 68% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

65th percentile

0.03x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

85th percentile

40%

Higher net margin than 85% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

88th percentile

95%

Faster asset growth than 88% of similar nonprofits.

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

Revenue Growth

63rd percentile

-1.0%

Faster revenue growth than 63% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$45,448

Up $22,091 (+95%) from 2019

Net Assets

Up

$43,198

Up $36,041 (+504%) from 2019

Liabilities

Down

$2,250

Down $13,950 (-86%) from 2019

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin85th percentile

Revenue

Down

$89,901

Down $923 (-1.0%) from 2019

Expenses

Down

$53,860

Down $58,977 (-52%) from 2019

Net Income

Up

$36,041

Up $58,054 (+264%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$100K$50K$0Assets 2010: $21,694Net Assets 2010: $21,6942010Assets 2011: $23,979Net Assets 2011: $23,9792011Assets 2012: $50,002Net Assets 2012: $50,0022012Assets 2013: $40,892Liabilities 2013: $1,523Net Assets 2013: $39,3692013Assets 2014: $18,252Liabilities 2014: $0Net Assets 2014: $18,2522014Assets 2015: $10,220Liabilities 2015: $0Net Assets 2015: $10,2202015Assets 2016: $26,971Liabilities 2016: $0Net Assets 2016: $26,9712016Assets 2017: $47,616Liabilities 2017: $1,500Net Assets 2017: $46,1162017Assets 2018: $29,170Liabilities 2018: $0Net Assets 2018: $29,1702018Assets 2019: $23,357Liabilities 2019: $16,200Net Assets 2019: $7,1572019Assets 2020: $45,448Liabilities 2020: $2,250Net Assets 2020: $43,1982020Assets 2022: $51,813Liabilities 2022: $0Net Assets 2022: $51,8132022Assets 2023: $57,792Net Assets 2023: $57,7922023Assets 2024: $80,764Net Assets 2024: $80,7642024

Highlighted filing

2020

Assets$45,448
Liabilities$2,250
Net Assets$43,198
Open 2020 Filing

Operations Trend

Revenue Growth63rd percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2010: $118,328Expenses 2010: $110,793Net Income 2010: $7,5352010Revenue 2011: $106,500Expenses 2011: $104,215Net Income 2011: $2,2852011Revenue 2012: $164,809Expenses 2012: $138,786Net Income 2012: $26,0232012Revenue 2013: $123,420Expenses 2013: $134,053Net Income 2013: -$10,6332013Revenue 2014: $97,105Expenses 2014: $118,222Net Income 2014: -$21,1172014Revenue 2015: $113,508Expenses 2015: $121,540Net Income 2015: -$8,0322015Revenue 2016: $109,497Expenses 2016: $92,746Net Income 2016: $16,7512016Revenue 2017: $118,525Expenses 2017: $99,380Net Income 2017: $19,1452017Revenue 2018: $100,390Expenses 2018: $117,336Net Income 2018: -$16,9462018Revenue 2019: $90,824Expenses 2019: $112,837Net Income 2019: -$22,0132019Revenue 2020: $89,901Expenses 2020: $53,860Net Income 2020: $36,0412020Revenue 2022: $101,442Expenses 2022: $100,403Net Income 2022: $1,0392022Revenue 2023: $87,315Expenses 2023: $81,336Net Income 2023: $5,9792023Revenue 2024: $106,268Expenses 2024: $83,296Net Income 2024: $22,9722024

Highlighted filing

2020

Revenue$89,901
Expenses$53,860
Net Income$36,041
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 15, 2021
Return Version
2020v4.1
Gross Receipts
$130,633
Mission and Program Overview

Mission

The Carolinas Freedom Foundation mission is to inspire patriotism and leadership in our community, especially in our youth.

Program Services

DescriptionGrantsExpenses
FREEDOM BREAKFAST: OVER 500 PEOPLE ATTENDED A BREAKFAST/ FUNDRAISER HONORING BOTH VETERANS AND CIVILIANS FOR OUTSTANDING SERVICE TO OUR COUNTRYTHROUGH THEIR PAST AND CURRENT MERITORIOUS ACTS OF SELFLESS SERVICE$0$17,549
PATRIOTIC ART FORUM: METRO AREA COMPETITION FOR ALL HIGH SCHOOLAND MIDDLE SCHOOL STUDENTS FOCUSING ON AN ANNUAL THEME PROMOTINGPATRIOTISM: APPROXIMATELY 250 PARTICIPANTS:$0$3,845
PROVIDING BOOKS FOR THE MECKLENBURG COUNTY JR ROTC CADET CORP TO READ AS PART OF THEIR CHARACTER BUILDING STUDY$0$1,545
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
SUSAN YARBERExec. DirectorPT$39,200-$39,200
Filing and Contact Details

Filer

Filer Name
Carolinas Freedom Foundation
EIN
56-2024977
Phone
9804223733
Address
7804 FAIRVIEW ROAD 284, CHARLOTTE, NC 28226

Signing Officer

Name
Gray Langley
Title
Treasurer
Phone
9804223733
Signed
2021-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Farris Cooke & Associates Pa
Address
118 S COLONIAL AVE STE 200, CHARLOTTE, NC 28207
Preparer
Gray Langley CPA
Phone
7043729406
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“Patriotic art contest 3845.”

Form 990EZ, Part I, Line 16

“JR ROTC BOOK STUDY 1545.”

Form 990EZ, Part II, Line 24

“Pledge receivables 5030. 4750.”

Form 990EZ, Part II, Line 26

“Vendor payables 11200. 2250.”

Form 990EZ, Part II, Line 26

“SHORT TERM LOAN 5000. 0.”

Raw XML Appendix165 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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PATRIOTIC ART FORUM: METRO AREA COMPETITION FOR ALL HIGH SCHOOLAND MIDDLE SCHOOL STUDENTS FOCUSING ON AN ANNUAL THEME PROMOTINGPATRIOTISM: APPROXIMATELY 250 PARTICIPANTS:
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2PROVIDING BOOKS FOR THE MECKLENBURG COUNTY JR ROTC CADET CORP TO READ AS PART OF THEIR CHARACTER BUILDING STUDY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PATRIOTIC ART CONTEST 3845.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JR ROTC BOOK STUDY 1545.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PLEDGE RECEIVABLES 5030. 4750.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VENDOR PAYABLES 11200. 2250.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SHORT TERM LOAN 5000. 0.
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ReturnHeader/Filer/EIN0562024977
ReturnHeader/Filer/PhoneNum09804223733
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GRAY LANGLEY CPA
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ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GRAY
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$45,448
Liabilities
$2,250
Net assets
$43,198
Revenue
$89,901
Expenses
$53,860
Net income
$36,041
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.81$0.81$1.06$0.83$0.23
2023Detailed filing. Detailed filing data is available for this year.$0.58$0.58$0.87$0.81$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$1.01$1.00$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.45$0.02$0.43$0.90$0.54$0.36
2019Detailed filing. Detailed filing data is available for this year.$0.23$0.16$0.07$0.91$1.13$0.22
2018Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$1.00$1.17$0.17
2017Detailed filing. Detailed filing data is available for this year.$0.48$0.02$0.46$1.19$0.99$0.19
2016Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$1.09$0.93$0.17
2015Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$1.14$1.22$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.97$1.18$0.21
2013Detailed filing. Detailed filing data is available for this year.$0.41$0.02$0.39$1.23$1.34$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.50$1.65$1.39$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.24$1.07$1.04$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.22$1.18$1.11$0.08