Civic Intelligence

Freewoods Foundation

990 • Fiscal year 2021 • EIN 57-0827579

Jan 01, 2021 to Dec 31, 2021 • Filed on May 03, 2022

Organization ProfileFREEWOODSFARM.COM
900 Veterans RoadColumbia, SC 29209-2332

(803) 776-8072

Siviq Scores

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

Liabilities / Assets

65th percentile

0.18x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

5.48x

Higher debt load relative to revenue than 96% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

4th percentile

-56%

Higher net margin than 4% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

21st percentile

-1.9%

Faster asset growth than 21% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

26th percentile

-4.1%

Faster revenue growth than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets65th percentile

Assets

Down

$1,017,853

Down $20,161 (-1.9%) from 2020

Net Assets

Down

$837,620

Down $18,459 (-2.2%) from 2020

Liabilities

Down

$180,233

Down $1,702 (-0.9%) from 2020

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin4th percentile

Revenue

Down

$32,887

Down $1,417 (-4.1%) from 2020

Expenses

Down

$51,346

Down $6,865 (-12%) from 2020

Net Income

Up

-$18,459

Up $5,448 (+23%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$1.5M$1.0M$500K$0Assets 2010: $1,232,277Liabilities 2010: $98,120Net Assets 2010: $1,134,1572010Assets 2011: $1,212,341Liabilities 2011: $115,943Net Assets 2011: $1,096,3982011Assets 2012: $1,186,476Liabilities 2012: $121,451Net Assets 2012: $1,065,0252012Assets 2013: $1,184,687Liabilities 2013: $131,240Net Assets 2013: $1,053,4472013Assets 2014: $1,161,947Liabilities 2014: $136,304Net Assets 2014: $1,025,6432014Assets 2015: $1,137,914Liabilities 2015: $141,117Net Assets 2015: $996,7972015Assets 2016: $1,140,693Liabilities 2016: $180,054Net Assets 2016: $960,6392016Assets 2017: $1,105,729Liabilities 2017: $181,056Net Assets 2017: $924,6732017Assets 2018: $1,081,647Liabilities 2018: $181,009Net Assets 2018: $900,6382018Assets 2019: $1,060,219Liabilities 2019: $180,233Net Assets 2019: $879,9862019Assets 2020: $1,038,014Liabilities 2020: $181,935Net Assets 2020: $856,0792020Assets 2021: $1,017,853Liabilities 2021: $180,233Net Assets 2021: $837,6202021Assets 2022: $996,667Liabilities 2022: $185,023Net Assets 2022: $811,6442022Assets 2023: $977,501Liabilities 2023: $188,264Net Assets 2023: $789,2372023Assets 2024: $956,369Liabilities 2024: $188,264Net Assets 2024: $768,1052024

Highlighted filing

2021

Assets$1,017,853
Liabilities$180,233
Net Assets$837,620
Open 2021 Filing

Operations Trend

Revenue Growth26th percentile

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

$100K$50K$0-$50KExpenses 2010: $64,7612010Expenses 2011: $54,3622011Expenses 2012: $62,2702012Revenue 2013: $18,205Expenses 2013: $49,757Net Income 2013: -$31,5522013Revenue 2014: $26,164Expenses 2014: $53,968Net Income 2014: -$27,8042014Revenue 2015: $30,374Expenses 2015: $59,220Net Income 2015: -$28,8462015Revenue 2016: $33,138Expenses 2016: $69,293Net Income 2016: -$36,1552016Revenue 2017: $23,668Expenses 2017: $59,634Net Income 2017: -$35,9662017Revenue 2018: $31,475Expenses 2018: $55,510Net Income 2018: -$24,0352018Revenue 2019: $32,803Expenses 2019: $53,455Net Income 2019: -$20,6522019Revenue 2020: $34,304Expenses 2020: $58,211Net Income 2020: -$23,9072020Revenue 2021: $32,887Expenses 2021: $51,346Net Income 2021: -$18,4592021Revenue 2022: $41,706Expenses 2022: $67,682Net Income 2022: -$25,9762022Revenue 2023: $42,012Expenses 2023: $64,419Net Income 2023: -$22,4072023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2021

Revenue$32,887
Expenses$51,346
Net Income-$18,459
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 3, 2022
Return Version
2021v4.0
Gross Receipts
$32,887
Mission and Program Overview

Mission

The foundation's primary exempt purpose is to develop, build, operate and own an old fashioned family farm as existed in south carolina between the civil war and 1900, as a living farm history museum for education of the public.

Purpose is to build, manage, and operate a living historic farm museum as it existed between the civil war and 1900 for the purpose of educating the public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,035,530$1,014,164▼ $21,366
Loans From Officers Directors$180,233$180,233→ $0
Cash and Non-Interest-Bearing Accounts$1,442$2,891▲ $1,449
Savings and Temporary Cash Investments$1,042$798▼ $244
Total Assets$1,038,014$1,017,853▼ $20,161
Liabilities
Other Liabilities$1,702--
Total Liabilities$181,935$180,233▼ $1,702
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$856,079$837,620▼ $18,459
Total Net Assets Fund Balance$856,079$837,620▼ $18,459
Total Liabilities and Net Assets / Fund Balance$1,038,014$1,017,853▼ $20,161

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$317,893$379,491$697,384
Land$696,098-$696,098
Other Land Buildings$173$22,163$22,336
Equipment-$1,796$1,796
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
O'NEAL SMALLSPresident
Elsie GravesTrustee
Veronica D GeraldTrustee
Maxine B StanleySecretary/tr
George MccauleyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$23,367
Program Service Revenue
$9,520
Investment Income
$0
Other Revenue
$0
All Other Contributions
$23,367
Change in Net Assets
$-18,459
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$50,587
Salaries, Compensation, and Employee Benefits$759
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$21,366--$21,366
Fees for Services Other$9,529--$9,529
Insurance$800$1,372-$2,172
Fees for Services Accounting-$750-$750
Other Salaries and Wages$705--$705
Payroll Taxes$54--$54
Other Expenses$5,360$45-$45
All Other Expenses-$24-$24
Total Functional Expenses$49,105$2,241$0$51,346
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$180,233$180,233→ $0
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
Yes
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 11B

“Financial reports and tax returns are reviewed by the president, secretary, and treasurer prior to filing. After filing, the financial reports and tax returns are submitted for review and discussion to the full board of trustees.”

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

“Any potential or actual conflict of interest is submitted to the full board for review, consideration and disposition. The conflict of interest statement will be completed annually by each board member and reveiwed annually by the full board.”

Form 990, Page 6, Part VI, Line 15A

“Board members are not paid.”

Form 990, Page 6, Part VI, Line 15B

“Board members are not paid. Employees are paid just above minimum wage.”

Form 990, Page 6, Part VI, Line 19

“Governing documents of freewoods foundation are available to the public in the office of the secretary of state; state of south carolina, in columbia, sc, or from the president of freewoods foundation upon request.”

Filing and Contact Details

Filer

Filer Name
Freewoods Foundation
EIN
57-0827579
Phone
8037768072
Address
900 VETERANS ROAD, COLUMBIA, SC 29209-2332

Signing Officer

Name
O'NEAL SMALLS
Title
President
Phone
8037768072
Signed
2022-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
O'NEAL SMALLS
Formed
1986
Legal Domicile
Sc
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
6

Preparer

Firm
Jimmy Barnes CPA LLC
Address
PO BOX 150, MURRELLS INLET, SC 29576-0150
Preparer
Jimmy Barnes CPA
Phone
8436512500
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Form 990, part i, line 1, description of organization mission: the foundation's primary exempt purpose is to develop, build, operate and own a historical family farm as existed in south carolina between the civil war and 1900, as a living farm history museum for education of the public.”

Form 990, Part IX, Line 11G

“Farm education 3,820 0 0 market operation 5,150 0 0 property taxes 59 0 0 rental equipment 500 0 0 total 9,529 0 0”

Raw XML Appendix364 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PURPOSE IS TO BUILD, MANAGE, AND OPERATE A LIVING HISTORIC FARM MUSEUM AS IT EXISTED BETWEEN THE CIVIL WAR AND 1900 FOR THE PURPOSE OF EDUCATING THE PUBLIC.
IRS990/AllOtherContributionsAmt023367
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt024
IRS990/AllOtherExpensesGrp/TotalAmt024
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0O'NEAL SMALLS
IRS990/BooksInCareOfDetail/PhoneNum08037995810
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0900 VETERANS ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0COLUMBIA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd029209
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01442
IRS990/CashNonInterestBearingGrp/EOYAmt02891
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt023367
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt050587
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt09520
IRS990/CYRevenuesLessExpensesAmt0-18459
IRS990/CYSalariesCompEmpBnftPaidAmt0759
IRS990/CYTotalExpensesAmt051346
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt032887
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt021366
IRS990/DepreciationDepletionGrp/TotalAmt021366
IRS990/Desc0THE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO BUILD, MANAGE, AND OPERATE A LIVING HISTORIC FARM MUSEUM FOR THE PURPOSE OF EDUCATING THE PUBLIC.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt049105
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0750
IRS990/FeesForServicesAccountingGrp/TotalAmt0750
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt09529
IRS990/FeesForServicesOtherGrp/TotalAmt09529
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt030.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0O'NEAL SMALLS
IRS990/Form990PartVIISectionAGrp/PersonNm1MAXINE B STANLEY
IRS990/Form990PartVIISectionAGrp/PersonNm2GEORGE MCCAULEY
IRS990/Form990PartVIISectionAGrp/PersonNm3VERONICA D GERALD
IRS990/Form990PartVIISectionAGrp/PersonNm4ELSIE GRAVES
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt032887
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01372
IRS990/InsuranceGrp/ProgramServicesAmt0800
IRS990/InsuranceGrp/TotalAmt02172
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0403450
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01035530
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01014164
IRS990/LandBldgEquipCostOrOtherBssAmt01417614
IRS990/LegalDomicileStateCd0SC
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0180233
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0180233
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO DEVELOP, BUILD, OPERATE AND OWN A HISTORICAL FAMILY FARM AS EXISTED IN SOUTH CAROLINA BETWEEN THE CIVIL WAR AND 1900, AS A LIVING FARM HISTORY MUSEUM FOR EDUCATION OF THE PUBLIC.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0856079
IRS990/NetAssetsOrFundBalancesEOYAmt0837620
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0856079
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0837620
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0LIVESTOCK CARE
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2LICENSES & PERMITS
IRS990/OtherExpensesGrp/Desc3DUES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt050
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt145
IRS990/OtherExpensesGrp/ProgramServicesAmt011291
IRS990/OtherExpensesGrp/ProgramServicesAmt15360
IRS990/OtherExpensesGrp/TotalAmt011291
IRS990/OtherExpensesGrp/TotalAmt15360
IRS990/OtherExpensesGrp/TotalAmt250
IRS990/OtherExpensesGrp/TotalAmt345
IRS990/OtherLiabilitiesGrp/BOYAmt01702
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0705
IRS990/OtherSalariesAndWagesGrp/TotalAmt0705
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt054
IRS990/PayrollTaxesGrp/TotalAmt054
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0O'NEAL SMALLS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1111000
IRS990/ProgramServiceRevenueGrp/Desc0FARM OPERATIONS
IRS990/ProgramServiceRevenueGrp/Desc1SPECIAL EVENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04760
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14760
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04760
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14760
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt021741
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt046023
IRS990/PYProgramServiceRevenueAmt012563
IRS990/PYRevenuesLessExpensesAmt0-23907
IRS990/PYSalariesCompEmpBnftPaidAmt012188
IRS990/PYTotalExpensesAmt058211
IRS990/PYTotalRevenueAmt034304
IRS990/ReconcilationRevenueExpnssAmt0-18459
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt09520
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01042
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0798
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt08000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt05000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt02989
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt015989
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt023367
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt021741
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt011655
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt015889
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt011910
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt084562
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt09520
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt012563
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt011526
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt015282
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt06756
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt055647
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.88600
IRS990ScheduleA/PublicSupportPY509Pct00.94310
IRS990ScheduleA/PublicSupportTotal509Amt0124220
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt08000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt05000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt02989
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt015989
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt032887
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt034304
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt023181
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt031171
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt018666
IRS990ScheduleA/Total509Grp/TotalAmt0140209
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt032887
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt034304
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt023181
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt031171
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt018666
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0140209
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0317893
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0379491
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0697384
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01796
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01796
IRS990ScheduleD/LandGrp/BookValueAmt0696098
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0696098
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0173
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt022163
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt022336
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01014164
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0180233
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO ASSIST ORGANIZATION WITH EXPENSE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0108000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0O'NEAL SMALLS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS: (A) NAME OF PERSON: O'NEAL SMALLS (B) RELATIONSHIP WITH ORGANIZATION: PRESIDENT (C) PURPOSE OF LOAN: ASSIST ORGANIZATION WITH OPERATIONS (D) LOAN TO OR FROM ORGANIZATION? = TO (E) ORIGINAL PRINCIPAL AMOUNT 108,000. (F) BALANCE DUE 180,233 (G) LOAN IN DEFAULT? = NO (H) APPROVED BY BOARD OR COMMITTEE? = YES (I) WRITTEN AGREEMENT? = YES
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleL/TotalBalanceDueAmt0180233
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO DEVELOP, BUILD, OPERATE AND OWN A HISTORICAL FAMILY FARM AS EXISTED IN SOUTH CAROLINA BETWEEN THE CIVIL WAR AND 1900, AS A LIVING FARM HISTORY MUSEUM FOR EDUCATION OF THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FINANCIAL REPORTS AND TAX RETURNS ARE REVIEWED BY THE PRESIDENT, SECRETARY, AND TREASURER PRIOR TO FILING. AFTER FILING, THE FINANCIAL REPORTS AND TAX RETURNS ARE SUBMITTED FOR REVIEW AND DISCUSSION TO THE FULL BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY POTENTIAL OR ACTUAL CONFLICT OF INTEREST IS SUBMITTED TO THE FULL BOARD FOR REVIEW, CONSIDERATION AND DISPOSITION. THE CONFLICT OF INTEREST STATEMENT WILL BE COMPLETED ANNUALLY BY EACH BOARD MEMBER AND REVEIWED ANNUALLY BY THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS ARE NOT PAID.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS ARE NOT PAID. EMPLOYEES ARE PAID JUST ABOVE MINIMUM WAGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS OF FREEWOODS FOUNDATION ARE AVAILABLE TO THE PUBLIC IN THE OFFICE OF THE SECRETARY OF STATE; STATE OF SOUTH CAROLINA, IN COLUMBIA, SC, OR FROM THE PRESIDENT OF FREEWOODS FOUNDATION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FARM EDUCATION 3,820 0 0 MARKET OPERATION 5,150 0 0 PROPERTY TAXES 59 0 0 RENTAL EQUIPMENT 500 0 0 TOTAL 9,529 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01038014
IRS990/TotalAssetsEOYAmt01017853
IRS990/TotalAssetsGrp/BOYAmt01038014
IRS990/TotalAssetsGrp/EOYAmt01017853
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt023367
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02241
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt049105
IRS990/TotalFunctionalExpensesGrp/TotalAmt051346
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0181935
IRS990/TotalLiabilitiesEOYAmt0180233
IRS990/TotalLiabilitiesGrp/BOYAmt0181935
IRS990/TotalLiabilitiesGrp/EOYAmt0180233
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0856079
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0837620
IRS990/TotalProgramServiceExpensesAmt049105
IRS990/TotalProgramServiceRevenueAmt09520
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09520
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt032887
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01038014
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01017853
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09515 FREEWOODS RD
IRS990/USAddress/CityNm0MYRTLE BEACH
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029588
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0FREEWOODSFARM.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0O'NEAL SMALLS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08037768072
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FREEWOODS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FREE
ReturnHeader/Filer/EIN0570827579
ReturnHeader/Filer/PhoneNum08037768072
ReturnHeader/Filer/USAddress/AddressLine1Txt0900 VETERANS ROAD
ReturnHeader/Filer/USAddress/CityNm0COLUMBIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd0292092332
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0843959088
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JIMMY BARNES CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 150
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MURRELLS INLET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0295760150
ReturnHeader/PreparerPersonGrp/PhoneNum08436512500
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JIMMY BARNES CPA
ReturnHeader/ReturnTs02022-05-19T11:21:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ONEAL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SMALLS
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,017,853
Liabilities
$180,233
Net assets
$837,620
Revenue
$32,887
Expenses
$51,346
Net income
-$18,459
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.96$0.19$0.77$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.98$0.19$0.79$0.04$0.06$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.00$0.19$0.81$0.04$0.07$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.02$0.18$0.84$0.03$0.05$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.04$0.18$0.86$0.03$0.06$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.06$0.18$0.88$0.03$0.05$0.02
2018Summary only. Only limited summary data is available for this year.$1.08$0.18$0.90$0.03$0.06$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.11$0.18$0.92$0.02$0.06$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.14$0.18$0.96$0.03$0.07$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.14$0.14$1.00$0.03$0.06$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.16$0.14$1.03$0.03$0.05$0.03
2013Detailed filing. Detailed filing data is available for this year.$1.18$0.13$1.05$0.02$0.05$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.12$1.07$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.12$1.10$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.10$1.13$0.06