Civic Intelligence

True Freedom Enterprises

EIN 82-3134351 • 501(c)3 • Cleveland, OH

Profile

Prospera Reentry and Transportation exists to revolutionize prisoner reentry in America by reducing recidivism through specializing in:Pre-release prisoner workforce readiness trainingPre-release work release programmingPost-release trade-school training

2005 Cypress AvenueCleveland, OH 44109-4415

prosperareentry.org

Siviq Scores

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

Liabilities / Assets

76th percentile

0.23x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.28x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

56th percentile

7.1%

Higher net margin than 56% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

8th percentile

-34%

Faster asset growth than 8% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

61st percentile

14%

Faster revenue growth than 61% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$558,765

Down $282,118 (-34%) from 2023

Liabilities

Up

$127,420

Up $20,123 (+19%) from 2023

Net Assets

Down

$431,345

Down $302,241 (-41%) from 2023

Revenue

Up

$457,594

Up $57,176 (+14%) from 2023

Expenses

Up

$424,999

Up $52,705 (+14%) from 2023

Net Income

Up

$32,595

Up $4,471 (+16%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0Assets 2018: $767,338Liabilities 2018: $116,874Net Assets 2018: $650,4642018Assets 2019: $782,057Liabilities 2019: $106,049Net Assets 2019: $676,0082019Assets 2020: $814,925Liabilities 2020: $123,799Net Assets 2020: $691,1262020Assets 2021: $786,425Liabilities 2021: $94,000Net Assets 2021: $692,4252021Assets 2022: $770,062Liabilities 2022: $80,203Net Assets 2022: $689,8592022Assets 2023: $840,883Liabilities 2023: $107,297Net Assets 2023: $733,5862023Assets 2024: $558,765Liabilities 2024: $127,420Net Assets 2024: $431,3452024

Highlighted filing

2024

Assets$558,765
Liabilities$127,420
Net Assets$431,345

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2018: $754,786Expenses 2018: $104,322Net Income 2018: $650,4642018Revenue 2019: $214,240Expenses 2019: $188,696Net Income 2019: $25,5442019Revenue 2020: $201,061Expenses 2020: $185,943Net Income 2020: $15,1182020Revenue 2021: $196,623Expenses 2021: $195,324Net Income 2021: $1,2992021Revenue 2022: $240,256Expenses 2022: $242,822Net Income 2022: -$2,5662022Revenue 2023: $400,418Expenses 2023: $372,294Net Income 2023: $28,1242023Revenue 2024: $457,594Expenses 2024: $424,999Net Income 2024: $32,5952024

Highlighted filing

2024

Revenue$457,594
Expenses$424,999
Net Income$32,595

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$457,594
Mission and Program Overview

Mission

True Freedom Enterprises exists to revolutionize prisoner reentry in America by reducing recidivism through specializing in: Pre-release prisoner workforce readiness training Pre-release work release programming Post-release trade-school training

Prospera Reentry and Transportation exists to revolutionize prisoner reentry in America by reducing recidivism through specializing in:Pre-release prisoner workforce readiness trainingPre-release work release programmingPost-release trade-school training

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$624,243$624,243→ $0
Cash and Non-Interest-Bearing Accounts$152,678$163,513▲ $10,835
Land, Buildings, and Equipment, Net$64,703$69,785▲ $5,082
Accounts Receivable-$13,803-
Total Assets$840,883$558,765▼ $282,118
Other Assets Total$-741$-312,579▼ $311,838
Liabilities
Unsecured Notes Loans Payable$70,000$70,000→ $0
Mortgage Notes Payable Secured by Investment Property$36,178$56,274▲ $20,096
Accounts Payable and Accrued Expenses$1,119$1,146▲ $27
Total Liabilities$107,297$127,420▲ $20,123
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$733,586$431,345▼ $302,241
Total Net Assets Fund Balance$733,586$431,345▼ $302,241
Total Liabilities and Net Assets / Fund Balance$840,883$558,765▼ $282,118

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$69,785$147,777$217,562
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael SwigerPresidentPT$65,526$65,526

Board Members and Trustees

NameTitle
Kevin McHughChairman of the Board
Jeremy DaltonBoard Member
Josh LuskBoard Member
Timothy GeisseBoard Member
Vince CiepielBoard Member
David WesselDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$294,219
Program Service Revenue
$163,332
Investment Income
$43
Other Revenue
$0
All Other Contributions
$294,219
Change in Net Assets
$32,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$257,319
Other Expenses$163,580
Grants and Similar Amounts Paid$4,100
Total Fundraising Expense$3,055
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$169,018--$169,018
All Other Expenses$85,103--$85,103
Current Officers, Directors, Trustees, and Key Employees$65,526--$65,526
Office Expenses$29,267--$29,267
Depreciation Depletion$23,993--$23,993
Payroll Taxes$22,775--$22,775
Insurance$11,067--$11,067
Fees for Services Other$4,144--$4,144
Grants to Domestic Individuals$4,100--$4,100
Information Technology$2,585--$2,585
Interest$2,015--$2,015
Other Expenses$393-$3,055$393
Total Functional Expenses$421,944$0$3,055$424,999
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
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 governing body review Part VI line 11

The governing body is circulated via email for review the Form 990 prior to filing.

Conflict of interest policy compliance Part VI line 12C

The organization maintains a conflict of interest policy that applies to all board members, officers, and key employees. To monitor and enforce compliance with this policy: Annual Disclosure: Each individual subject to the policy is required to complete an annual conflict of interest disclosure form. This form asks them to disclose any business, financial, or personal interests that could present a conflict with their responsibilities to the organization. Review of Disclosures: The completed disclosure

CEO executive director top management comp Part VI line 15A

The organization follows a formal process to determine the compensation of its top management official. The process includes: Review and Approval: Compensation is reviewed and approved by an independent board or compensation committee. Individuals who have a conflict of interest regarding the compensation decision are not involved in the approval process. Use of Comparable Data: The organization uses data from comparable organizations to ensure that compensation is reasonable and aligned with industry standards. This

Other officer or key employee compensation Part VI line 15B

The organization has a formal process for determining the compensation of officers and key employees other than the top management official, which includes the following steps: Independent Review and Approval: Compensation for officers and key employees is reviewed and approved by an independent board committee. Committee members involved in these decisions are independent and free of conflicts of interest related to the compensation being reviewed. Use of Comparable Data: To ensure that compensation levels

Governing documents etc available to public Part VI line 19

The organization is committed to transparency and makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. The following methods are used to ensure public access to these documents: Public Inspection Upon Request: Copies of the organizations governing documents, conflict of interest policy, and financial statements are available to the public at the organizations main office during regular business hours. Individuals may contact the office to schedule a time to review or request copies of these documents.

Filing and Contact Details

Filer

Filer Name
True Freedom Enterprises
EIN
82-3134351
In Care Of
% Michael Swiger
Phone
4404883486
Address
2005 Cypress Avenue, Cleveland, OH 44109-4415
Doing Business As
Prospera Reentry Prospera Tran

Signing Officer

Name
Michael Swiger
Title
President
Phone
4404883486
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Swiger
Formed
2017
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
20

Preparer

Firm
Sally P MacIntosh CPA
Address
11816 Inwood Road PMB 70562, Dallas, TX 75244-8011
Preparer
Sally Macintosh
Phone
2163751422
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Partnership Losses from donated investments in housing projects - $311,830

List of other expenses Part IX line 24E

Other Expenses Detail Line 24(e) Auto Maintenance $5,375 Auto Fuel $27,895 Tools/EZ Pass $1,986 ReEntry Program $11,376 True Freedom Ministry $11,750 Auto License Fees $249 WTE Programming Expenses $9,724 Car Wash $634

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The governing body is circulated via email for review the Form 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization maintains a conflict of interest policy that applies to all board members, officers, and key employees. To monitor and enforce compliance with this policy: Annual Disclosure: Each individual subject to the policy is required to complete an annual conflict of interest disclosure form. This form asks them to disclose any business, financial, or personal interests that could present a conflict with their responsibilities to the organization. Review of Disclosures: The completed disclosure
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization follows a formal process to determine the compensation of its top management official. The process includes: Review and Approval: Compensation is reviewed and approved by an independent board or compensation committee. Individuals who have a conflict of interest regarding the compensation decision are not involved in the approval process. Use of Comparable Data: The organization uses data from comparable organizations to ensure that compensation is reasonable and aligned with industry standards. This
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization has a formal process for determining the compensation of officers and key employees other than the top management official, which includes the following steps: Independent Review and Approval: Compensation for officers and key employees is reviewed and approved by an independent board committee. Committee members involved in these decisions are independent and free of conflicts of interest related to the compensation being reviewed. Use of Comparable Data: To ensure that compensation levels
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization is committed to transparency and makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. The following methods are used to ensure public access to these documents: Public Inspection Upon Request: Copies of the organizations governing documents, conflict of interest policy, and financial statements are available to the public at the organizations main office during regular business hours. Individuals may contact the office to schedule a time to review or request copies of these documents.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Partnership Losses from donated investments in housing projects - $311,830
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Other Expenses Detail Line 24(e) Auto Maintenance $5,375 Auto Fuel $27,895 Tools/EZ Pass $1,986 ReEntry Program $11,376 True Freedom Ministry $11,750 Auto License Fees $249 WTE Programming Expenses $9,724 Car Wash $634
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other expenses Part IX line 24e
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IRS990/USAddress/AddressLine1Txt02005 Cypress Avenue
IRS990/USAddress/CityNm0Cleveland
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL SWIGER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04404883486
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0True Freedom Enterprises
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ReturnHeader/Filer/InCareOfNm0% Michael Swiger
ReturnHeader/Filer/PhoneNum04404883486
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Sally P MacIntosh CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011816 Inwood Road PMB 70562
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Dallas
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0752448011
ReturnHeader/PreparerPersonGrp/PhoneNum02163751422
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SALLY MACINTOSH
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ReturnHeader/ReturnTs02025-11-17T12:37:51-05:00
ReturnHeader/ReturnTypeCd0990

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