Overview
What is Freedom Institute Inc?
Freedom Institute Inc, located in New York City, New York, is a nonprofit organization dedicated to assisting individuals and families struggling with chemical dependency and related issues like depression and anxiety. Established with a mission to provide education, treatment, and prevention, the institution offers personalized counseling and care. Despite the ongoing challenges posed by the COVID-19 pandemic, the institute has continued providing services virtually, with clients requesting both virtual and in-person sessions. As of 2022, the institute had over 160 participants in various treatment programs, including intensive outpatient and outpatient groups, individual, and family therapy. With a commitment to supporting those in need, Freedom Institute Inc serves as a vital resource for individuals and families navigating addiction and related challenges.
Official website here: www.freedominstitute.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 77% (Three-Star out of Four Star rating)
Freedom Institute Inc has earned a Three-Star rating, indicating a solid performance primarily in accountability and finance. The organization's strong points include a fully independent board with eight independent members and comprehensive financial reporting practices, such as an audited financial statement and no material diversion of assets. Additionally, the organization demonstrates a commitment to transparency by listing its website on tax forms and maintaining board meeting minutes.
However, there are notable limitations in their governance practices, specifically the absence of a conflict of interest policy, which could raise concerns regarding decision-making integrity. While their financial health appears sound with a high program expense ratio, the liabilities to assets ratio indicates potential financial risk, as it is relatively high at 95.08%. This suggests that the organization may need to address its financial structure to enhance sustainability in the long term.
Overall, Freedom Institute Inc showcases a commendable level of accountability and financial stewardship, but addressing governance gaps and financial ratios could strengthen its operational integrity and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Freedom Institute Inc legitimate?
Freedom Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freedom Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $349,097
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,039,714
For more financial information, click here
Official website here: www.freedominstitute.org
What is the mission statement of Freedom Institute Inc?
Freedom Institute Inc serves as a resource center, providing assistance and counsel to individuals and families grappling with addiction and co-occurring issues like depression and anxiety. Their mission is to offer personalized care and support to those aiming to prevent, understand, or recover from substance abuse and addiction. The institution provides education, treatment, and prevention services, addressing various aspects of addiction, such as individual and family therapy, intensive outpatient programs, and group sessions. Despite the staff returning to physical offices in 2022, virtual services remained popular, and the number of clients participating in treatment programs gradually increased, with over 160 people participating in various programs by the end of the year.
Official website here: www.freedominstitute.org
Who is the CEO of Freedom Institute Inc?
Dana Sacher-Rollins is the Chairman of Freedom Institute Inc.
Official website here: www.freedominstitute.org
What is the revenue of Freedom Institute Inc?
Freedom Institute Inc's revenue in 2022 was $2,186,497.
Official website here: www.freedominstitute.org
Who are the executives of Freedom Institute Inc and what are their salaries?
The average compensation at Freedom Institute Inc during 2022 was $66,134. There are 21 employees and 6 volunteers at Freedom Institute Inc.
Here are 10 key members and their salaries:
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- Compensation: $139,768
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- Other: $11,746
- Compensation: $109,011
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- Other: $46,072
- Compensation: $42,500
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Official website here: www.freedominstitute.org
Where can I find the form 990 for Freedom Institute Inc?
Freedom Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.freedominstitute.org
Learn more at the official website: www.freedominstitute.org
Mission Statement of Freedom Institute Inc
Freedom Institute Inc serves as a resource center for individuals and families grappling with addiction and co-occurring issues such as depression and anxiety. Their mission is to provide personalized counsel and care to those seeking to prevent, understand, or recover from substance abuse and addiction. The organization operates with the goal of assisting chemically dependent individuals and their families, offering education, treatment, and prevention strategies. In a nutshell, Freedom Institute Inc aims to support and guide individuals and families in overcoming addiction and related challenges, empowering them to lead healthier lives.
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Impact
August, 2024
Freedom Institute Inc has made a significant impact in the field of addiction recovery by providing personalized counseling and care to individuals and families struggling with substance abuse and co-occurring issues such as depression and anxiety. In 2022, despite the challenges posed by the COVID-19 pandemic, Freedom Institute continued to assist and counsel the chemically dependent and their families through education, treatment, and prevention. Their dedicated staff returned to the offices and successfully transitioned to delivering client services via telehealth, ensuring continuity of care. As a result, over 160 clients participated in various treatment programs, including intensive outpatient and outpatient groups, as well as individual and family therapy. The organization's commitment to supporting individuals on their journey to recovery has helped build a sense of community and hope for those affected by addiction in New York.
This information is meant to be a general summary of Freedom Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $292,058
- Program Service Revenue: $1,260,552
- Gross Receipts: $2,653,896
Assets and Liabilities:
- Total Assets: $212,946
- Total Liabilities: $202,472
- Net Assets: $10,474
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COUNSELING FEES
Revenue
$1,260,552
Organization Details
Founding Year
1976
Phone
(212) 838-0044Principal Officer
Dana Sacher-Rollins
Main Address
515 MADISON AVENUE 13TH FLOOR, NEW YORK, NY, 10022
Website
www.freedominstitute.orgNTEE Category
Code: G82Z - Disease
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