Overview
What is The Liberty Fund Inc?
The Liberty Fund Inc, located in New York City, New York, is a charitable organization with a mission to assist indigent criminal defendants charged with low-level crimes avoid the challenging experiences and associated hardships of pretrial detention due to their financial inability to post bail. The organization operates a bail fund that provides support to offenders with bail amounts set at $2,000 or less, aiming to reduce the number of New Yorkers subjected to pretrial detention at Rikers Island. The Liberty Fund's purpose is to alleviate the burdens associated with pretrial detention, ensuring a more equitable criminal justice system for those unable to afford bail.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Liberty Fund Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization scored highly across all evaluated areas, indicating effective governance and financial health. With a 68.18% program expense ratio, it demonstrates a commitment to channeling funds into its core mission.
A key strength is the management of its board, with 66% independent board members ensuring diverse oversight. The charity adheres to best practices with policies on conflict of interest, whistleblower protections, and document retention all in place, showcasing its commitment to transparency and ethical governance.
Despite these strengths, potential donors may want to consider the organization’s specific programs and outcomes to gauge the impact of its spending. Overall, The Liberty Fund Inc's rating signals a trustworthy nonprofit that prioritizes financial integrity and responsible management of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is The Liberty Fund Inc legitimate?
The Liberty Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Liberty Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $405,190
For more financial information, click here
What is the mission statement of The Liberty Fund Inc?
The Liberty Fund Inc's mission is to aid indigent individuals charged with minor crimes, who cannot afford bail, to avoid the distressing experience, complications, and related hardships of pre-trial detention. To achieve this, the Liberty Fund operates a charitable bail fund, providing bail support to offenders with bail amounts set at $2,000 or less. This organization aims to alleviate the financial burdens and negative consequences associated with pre-trial detention for these individuals.
Who is the CEO of The Liberty Fund Inc?
Jennifer Mitchell is the Principal Officer of The Liberty Fund Inc. The CEO's salary of The Liberty Fund Inc is $0 and their total compensation is $481,312.
What is the revenue of The Liberty Fund Inc?
The Liberty Fund Inc's revenue in 2022 was $599,178.
Who are the executives of The Liberty Fund Inc and what are their salaries?
There 3 volunteers at The Liberty Fund Inc.
Here are 5 key members and their salaries (The Liberty Fund Inc's CEO's salary is $0 and their total compensation is $481,312):
- Compensation: $0
- Related: $455,523
- Other: $25,789
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $267,213
- Other: $44,828
Where can I find the form 990 for The Liberty Fund Inc?
The Liberty Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Liberty Fund Inc
The Liberty Fund Inc is a nonprofit organization with a mission to aid indigent criminal defendants who have been charged with low-level crimes. Their primary objective is to help these individuals avoid the challenges and hardships associated with pre-trial detention, which often arise due to their inability to afford bail. To accomplish this, The Liberty Fund operates a charitable bail fund that provides bail support to offenders with bail amounts set at $2,000 or less. By doing so, the organization aims to alleviate the burdens and complications that these individuals may face during their legal proceedings.
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Impact
July, 2024
The Liberty Fund Inc's impact is significant as it plays a crucial role in assisting indigent criminal defendants charged with low-level crimes to avoid the experience, complications, and related hardships of pretrial detention caused by their inability to afford bail. By operating as a citywide charitable bail fund dedicated to reducing the number of New Yorkers subjected to pretrial detention at Rikers Island simply because they are unable to post bail, The Liberty Fund Inc makes a direct and tangible difference in the lives of those in need. Its mission to provide bail support to low-level offenders with bail amounts set at $2,000 or less showcases its commitment to ensuring that individuals are not unfairly penalized due to their financial circumstances.
This information is meant to be a general summary of The Liberty Fund 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.
- Gross Receipts: $599,178
Assets and Liabilities:
- Total Assets: $851,773
- Total Liabilities: $12,156
- Net Assets: $839,617
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Organization Details
Founding Year
2015
Phone
(212) 628-5207Principal Officer
Jennifer Mitchell
Main Address
345 E 102ND ST STE 305, NEW YORK, NY, 10029
NTEE Category
Code: I80 - Crime
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