Civic Intelligence

Freedom First Enterprises

990 • Fiscal year 2021 • EIN 81-3904720

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 06, 2022

Organization ProfileN/A
5240 Valley Park DriveRoanoke, VA 24019

(540) 375-7781

Siviq Scores

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

Liabilities / Assets

66th percentile

0.02x

Higher debt load relative to assets than 66% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

68th percentile

0.02x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

74th percentile

30%

Higher net margin than 74% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

74th percentile

34%

Faster asset growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

87th percentile

111%

Faster revenue growth than 87% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$498,620

Up $125,931 (+34%) from 2020

Net Assets

Up

$490,820

Up $127,180 (+35%) from 2020

Liabilities

Down

$7,800

Down $1,249 (-14%) from 2020

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin74th percentile

Revenue

Up

$425,122

Up $223,981 (+111%) from 2020

Expenses

Up

$297,942

Up $273,501 (+1119%) from 2020

Net Income

Down

$127,180

Down $49,520 (-28%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$600K$400K$200K$0Assets 2018: $167,951Net Assets 2018: $167,9512018Assets 2019: $186,965Liabilities 2019: $25Net Assets 2019: $186,9402019Assets 2020: $372,689Liabilities 2020: $9,049Net Assets 2020: $363,6402020Assets 2021: $498,620Liabilities 2021: $7,800Net Assets 2021: $490,8202021Assets 2022: $580,596Liabilities 2022: $17,729Net Assets 2022: $562,8672022Assets 2023: $298,162Liabilities 2023: $26,327Net Assets 2023: $271,8352023Assets 2024: $177,753Liabilities 2024: $16,283Net Assets 2024: $161,4702024

Highlighted filing

2021

Assets$498,620
Liabilities$7,800
Net Assets$490,820
Open 2021 Filing

Operations Trend

Revenue Growth87th percentile

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

$600K$400K$200K$0-$200K-$400KRevenue 2018: $197,951Expenses 2018: $35,000Net Income 2018: $162,9512018Revenue 2019: $395,394Expenses 2019: $376,405Net Income 2019: $18,9892019Revenue 2020: $201,141Expenses 2020: $24,441Net Income 2020: $176,7002020Revenue 2021: $425,122Expenses 2021: $297,942Net Income 2021: $127,1802021Revenue 2022: $296,362Expenses 2022: $224,315Net Income 2022: $72,0472022Revenue 2023: $73,165Expenses 2023: $364,197Net Income 2023: -$291,0322023Revenue 2024: $24,750Expenses 2024: $135,115Net Income 2024: -$110,3652024

Highlighted filing

2021

Revenue$425,122
Expenses$297,942
Net Income$127,180
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 6, 2022
Return Version
2021v4.2
Gross Receipts
$425,122
Mission and Program Overview

Mission

To assist low and very low income consumers with alternative financial services

To assist low and very low income consumers with alternative financial services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$304,743$447,495▲ $142,752
Cash and Non-Interest-Bearing Accounts$56,295$42,973▼ $13,322
Pledges and Grants Receivable$9,049$7,174▼ $1,875
Land, Buildings, and Equipment, Net$1,760$978▼ $782
Total Assets$372,689$498,620▲ $125,931
Other Assets Total$842$0▼ $842
Liabilities
Other Liabilities$9,049$7,800▼ $1,249
Total Liabilities$9,049$7,800▼ $1,249
Net Assets / Fund Balance
Net Assets With Donor Restrictions$292,125$430,168▲ $138,043
Net Assets Without Donor Restrictions$71,515$60,652▼ $10,863
Total Net Assets Fund Balance$363,640$490,820▲ $127,180
Total Liabilities and Net Assets / Fund Balance$372,689$498,620▲ $125,931

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$978$1,304$2,282
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Paul PhillipsPres./board Chairman
Annette PattersonDirector
Dave ProsserVP/exec. Director
Kimberly ButterfieldSecretary
Wayne StricklandTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$425,017
Program Service Revenue
$0
Investment Income
$105
Other Revenue
$0
All Other Contributions
$251,495
Change in Net Assets
$127,180
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$286,882
Other Expenses$11,060
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$286,882--$286,882
Fees for Services Accounting-$5,150-$5,150
Advertising-$806-$806
Depreciation Depletion-$783-$783
Other Expenses-$131-$131
Total Functional Expenses$286,882$11,060$0$297,942
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Franklin County Public SchoolsRocky Mount, VA-Tuition and Resources$0
Freedom First Credit UnionRoanoke, VA-Scholarships$0
Roanoke CityRoanoke, VA-Tuition and Resources$0
Roanoke County Public SchoolsRoanoke, VA-Tuition and Resources$0
Salem City SchoolsSalem, VA-Dual Enrollment Tuition$0
Virginia Western Community CollegeRoanoke, VA-Dual Enrollment Tuition$0
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
Due to Ffcu$7,800
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 is reviewed by the board of directors/president in detail before it is filed. The entire board of directors reviews the form 990 at the meeting following the filing of the return.”

Form 990, Part VI, Section C, Line 19

“Governing documents and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Freedom First Enterprises
EIN
81-3904720
Phone
5403757781
Address
5240 VALLEY PARK DRIVE, ROANOKE, VA 24019

Signing Officer

Name
Dave Prosser
Title
VP/exec. Director
Phone
5403757781
Signed
2022-07-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dave Prosser
Formed
2017
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Brown Edwards & Company Llp
Address
1909 FINANCIAL DRIVE, HARRISONBURG, VA 22801
Preparer
Patrick Pittman
Phone
5404346736
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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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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5DUAL ENROLLMENT TUITION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FREEDOM FIRST CREDIT UNION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ROANOKE CITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2FRANKLIN COUNTY PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3ROANOKE COUNTY PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4SALEM CITY SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5VIRGINIA WESTERN COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0540699770
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05240 VALLEY PARK DR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1215 CHURCH AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt225 BERNARD ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt35937 COVE ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4510 SOUTH COLLEGE AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt53094 COLONIAL AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ROANOKE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1ROANOKE
IRS990ScheduleI/RecipientTable/USAddress/CityNm2ROCKY MOUNT
IRS990ScheduleI/RecipientTable/USAddress/CityNm3ROANOKE
IRS990ScheduleI/RecipientTable/USAddress/CityNm4SALEM
IRS990ScheduleI/RecipientTable/USAddress/CityNm5ROANOKE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd024019
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd124011
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd224151
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd324019
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd424153
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd524015
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS/PRESIDENT IN DETAIL BEFORE IT IS FILED. THE ENTIRE BOARD OF DIRECTORS REVIEWS THE FORM 990 AT THE MEETING FOLLOWING THE FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd01
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FREEDOM FIRST CREDIT UNION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0540699770
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C1
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05240 VALLEY PARK DR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ROANOKE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd024019
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0173522
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt135000
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0FREEDOM FIRST CREDIT UNION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1FREEDOM FIRST CREDIT UNION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2FREEDOM FIRST CREDIT UNION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0372689
IRS990/TotalAssetsEOYAmt0498620
IRS990/TotalAssetsGrp/BOYAmt0372689
IRS990/TotalAssetsGrp/EOYAmt0498620
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0425017
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011060
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0286882
IRS990/TotalFunctionalExpensesGrp/TotalAmt0297942
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09049
IRS990/TotalLiabilitiesEOYAmt07800
IRS990/TotalLiabilitiesGrp/BOYAmt09049
IRS990/TotalLiabilitiesGrp/EOYAmt07800
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0363640
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0490820
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0286882
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0105
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0425122
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0372689
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0498620
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05240 VALLEY PARK DR
IRS990/USAddress/CityNm0ROANOKE
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd024019
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$498,620
Liabilities
$7,800
Net assets
$490,820
Revenue
$425,122
Expenses
$297,942
Net income
$127,180
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.78$0.16$1.61$0.25$1.35$1.10
2023Detailed filing. Detailed filing data is available for this year.$2.98$0.26$2.72$0.73$3.64$2.91
2022Detailed filing. Detailed filing data is available for this year.$5.81$0.18$5.63$2.96$2.24$0.72
2021Detailed filing. Detailed filing data is available for this year.$4.99$0.08$4.91$4.25$2.98$1.27
2020Detailed filing. Detailed filing data is available for this year.$3.73$0.09$3.64$2.01$0.24$1.77
2019Detailed filing. Detailed filing data is available for this year.$1.87$0.00$1.87$3.95$3.76$0.19
2018Detailed filing. Detailed filing data is available for this year.$1.68$1.68$1.98$0.35$1.63