Overview
What is The Freedom Fund?
The Freedom Fund is a nonprofit organization based in Brooklyn, New York, specifically at 315 Flatbush Avenue 406. Their mission is to challenge systems that enable modern slavery and work towards protecting communities at risk, rescuing and rehabilitating those affected, and prosecuting perpetrators. They focus on key geographic areas with a high incidence of modern slavery, investing in local community-based organizations to ensure an integrated, cross-disciplinary approach. With a team of nine dedicated individuals, The Freedom Fund's interventions aim to result in a measurable reduction in slavery.
Official website here: www.freedomfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star rating)
The Freedom Fund has achieved a remarkable rating of 98% from Charity Navigator, indicating a high level of accountability and financial health. With an impressive score of 100 in the Accountability & Finance category, the organization demonstrates exceptional governance practices, including a fully independent board and comprehensive financial oversight. This suggests that the charity is committed to transparent operations and responsible management of its resources.
Strengths highlighted in the data include a strong program expense ratio of 78.80%, which indicates that a significant portion of its funding is allocated directly to programs rather than administrative costs. Furthermore, the fundraising efficiency ratio of $0.06 signifies that the organization is effective in raising funds with minimal overhead. The organization also has robust policies in place for conflict of interest and whistleblower protection, ensuring ethical practices are upheld.
While the organization scores well overall, the Culture & Community Score of 81 suggests there may be areas for improvement in community engagement or internal culture initiatives. Despite this, the Freedom Fund's strong financial performance and governance indicate it is a reliable choice for potential donors looking to support a nonprofit that prioritizes effective use of funds and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is The Freedom Fund legitimate?
The Freedom Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Freedom Fund 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: $682,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,057,163
For more financial information, click here
Official website here: www.freedomfund.org
What is the mission statement of The Freedom Fund?
The Freedom Fund is a non-profit organization committed to challenging systems that enable modern slavery to persist and thrive. They prioritize intervention in areas with a high incidence of slavery, investing in community-based organizations for effective protection, rescue, and rehabilitation of enslaved individuals, and prosecution of those responsible. Their hotspot projects encourage collaboration between grassroots organizations and employ an integrated, cross-disciplinary approach to tackle modern slavery. The Freedom Fund aims to protect communities at risk and support the reintegration of individuals leaving slavery.
Official website here: www.freedomfund.org
Who is the CEO of The Freedom Fund?
Nicholas Grono is the Ceo of The Freedom Fund. The CEO's salary of The Freedom Fund is $109,440 and their total compensation is $130,413.
Official website here: www.freedomfund.org
What is the revenue of The Freedom Fund?
The Freedom Fund's revenue in 2022 was $13,472,289.
Official website here: www.freedomfund.org
Who are the executives of The Freedom Fund and what are their salaries?
The average compensation at The Freedom Fund during 2022 was $415,529. There are 9 employees and 8 volunteers at The Freedom Fund.
Here are 15 key members and their salaries (The Freedom Fund's CEO's salary is $109,440 and their total compensation is $130,413):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $279,555
- Related: $0
- Other: $47,294
- Compensation: $121,238
- Related: $0
- Other: $12,124
- Compensation: $194,972
- Related: $0
- Other: $27,417
- Compensation: $131,989
- Related: $0
- Other: $13,053
- Compensation: $109,440
- Related: $0
- Other: $20,973
- Compensation: $100,273
- Related: $0
- Other: $10,016
- Compensation: $100,225
- Related: $0
- Other: $9,524
Official website here: www.freedomfund.org
Where can I find the form 990 for The Freedom Fund?
The Freedom Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.freedomfund.org
Learn more at the official website: www.freedomfund.org
Mission Statement of The Freedom Fund
The Freedom Fund, a renowned organization, is dedicated to challenging the systems that perpetuate modern slavery and empowering those affected by it. By collaborating with like-minds, this entity strives to protect communities susceptible to modern slavery, aid those currently experiencing it in leaving their oppressive situations, and support their reintegration into their communities. The Freedom Fund's efforts extend to prosecuting those responsible for perpetuating this heinous crime.
Moreover, The Freedom Fund strategically focuses on key geographic areas with a high prevalence of modern slavery. In these "hotspot projects," the organization invests in a variety of community-based organizations. These partnerships enable local grassroots organizations to protect individuals at risk of slavery, rescue and rehabilitate those ensnared in it, and prosecute the perpetrators. By fostering collaboration and adopting a cross-disciplinary approach, The Freedom Fund's hotspot projects aim to create a significant reduction in instances of modern slavery.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Freedom Fund has a significant impact in the fight against modern slavery, focusing on specific geographic hotspots where the incidence of slavery is particularly high. By strategically investing in community-based organizations, the Freedom Fund facilitates protective measures for at-risk individuals, enables the rescue and rehabilitation of those enslaved, and promotes the prosecution of perpetrators.
Through their hotspot projects, the organization fosters collaboration among local grassroots entities, ensuring that interventions are both comprehensive and effective. This integrated approach not only addresses immediate needs but also works towards challenging the systems that allow modern slavery to persist. By empowering communities and supporting survivors as they reintegrate, the Freedom Fund is making measurable strides in reducing the prevalence of slavery and creating safer environments for vulnerable populations.
This information is meant to be a general summary of The Freedom Fund. 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: $99,895
- Gross Receipts: $13,472,289
Assets and Liabilities:
- Total Assets: $45,895,614
- Total Liabilities: $1,296,898
- Net Assets: $44,598,716
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2013
Phone
(929) 224-2448Principal Officer
Nicholas Grono
Main Address
315 FLATBUSH AVENUE 406, BROOKLYN, NY, 11217
Website
www.freedomfund.orgNTEE Category
Code: T30 - Philanthropy
If you are a representative of The Freedom Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.