Overview
What is Freedom Co-Op Inc?
Freedom Co-Op Inc, located in Memphis, Tennessee, is a nonprofit organization dedicated to supporting individuals with special needs. Their mission is to assist service recipients in living a productive and inclusive life, surrounded by friends who care for them. They provide essential supports and services to help these individuals thrive at home and in their communities. This includes offering resources and aid to families in need, ensuring they can provide the best possible living conditions for their loved ones.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating, Score: 60%
Freedom Co-Op Inc has received a Two-Star rating from Charity Navigator, indicating that there are significant areas for improvement in its operational practices. The organization's Accountability & Finance score is at 60%, reflecting a mix of strong financial management with notable deficiencies in governance and transparency.
One of the strengths highlighted is a high program expense ratio of nearly 90%, suggesting that a large portion of its funds is directed towards its programs rather than administrative costs. However, the organization lacks independent board members, which raises concerns regarding governance. Additionally, Freedom Co-Op Inc has missing policies for conflict of interest and whistleblower protections, as well as an absence of a website listed on the tax form, which further impacts its transparency and accountability.
Despite the absence of material diversion of assets, the overall lack of essential governance structures and policies may hinder its effectiveness and public trust. For potential donors and stakeholders, these factors are crucial to consider when evaluating the nonprofit's credibility and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Freedom Co-Op Inc legitimate?
Freedom Co-Op Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freedom Co-Op 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: $28,979
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Freedom Co-Op Inc?
Freedom Co-Op Inc's mission is centered around providing necessary support and services to enable service recipients to live fulfilling and inclusive lives, surrounded by friends who care for them deeply. Their goal is to facilitate a productive lifestyle for these individuals, ensuring they have the resources needed to thrive. This organization also extends aid to families in need, offering support where it's most required.
What is the revenue of Freedom Co-Op Inc?
Freedom Co-Op Inc's revenue in 2023 was $87,203.
Who are the executives of Freedom Co-Op Inc and what are their salaries?
The average compensation at Freedom Co-Op Inc during 2023 was $14,490. There are 2 employees and 17 volunteers at Freedom Co-Op Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $28,979
- Other: $0
Where can I find the form 990 for Freedom Co-Op Inc?
Freedom Co-Op Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Freedom Co-Op Inc
Freedom Co-Op Inc, as a mission-driven organization, strives to provide the necessary supports and services for its service recipients. The primary goal is to enable these individuals to lead productive and inclusive lives, surrounded by friends who show love and care. The organization's mission is rooted in creating an environment where these individuals can thrive, fostering a sense of belonging and community. The Freedom Co-Op Inc's approach is centered on offering the essential resources required for its beneficiaries to live fulfilling lives, surrounded by supportive friends.
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Impact
October, 2024
Freedom Co-Op Inc significantly impacts the Memphis community by offering essential supports and services that empower individuals to lead productive and inclusive lives. Through their dedicated programs, they provide personal assistants to help people at home, ensuring that families in need receive the assistance necessary for a better quality of life.
By fostering an environment where service recipients are surrounded by friends who love and care for them, Freedom Co-Op creates a supportive network that promotes social inclusion and emotional well-being. Their efforts not only enhance the daily lives of individuals but also strengthen family units and the broader community, showcasing the importance of compassion and cooperation in achieving a more inclusive society.
This information is meant to be a general summary of Freedom Co-Op 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 2023.
- Program Service Revenue: $83,783
- Gross Receipts: $87,203
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE INCOME
Revenue
$83,783
Organization Details
Founding Year
2005
Principal Officer
Suzanne S Colsey
NTEE Category
Code: P80 - Human services
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