Overview
What is Freedom Inc?
Freedom Inc is a nonprofit organization situated in Madison, Wisconsin, dedicated to supporting individuals from the Black and Southeast Asian communities. Their mission is to aid those in need who may not have other resources available. They offer a range of services, including direct assistance for domestic violence and sexual assault, counseling, outreach, crisis intervention, group activities, and community education. Their work is specifically tailored to the language and cultural needs of women and youth, aiming to empower individuals through leadership development and community organizing. This endeavor aims to foster social, political, cultural, and economic change. Freedom Inc employs a team of 30 individuals, committed to their mission.
Official website here: www.freedom-inc.org
What are the reviews and ratings of this charity?
**Rating: 97% (Four-Star out of Four Star Rating on Charity Navigator)**
Freedom Inc has achieved an impressive 97% score, reflecting strong accountability and financial health. This rating is particularly significant as it highlights the organization’s commitment to transparency and effective management practices, with a perfect score in several key areas, including the independence of board members and a solid program expense ratio.
The organization's financial structure demonstrates a robust ability to utilize funds effectively, with 87.85% of expenses directed towards programs, indicating a strong emphasis on direct impact. Additionally, the absence of financial irregularities, such as material diversion of assets, reinforces stakeholder confidence in its operations and governance practices.
Unfortunately, user reviews from GreatNonprofits were not available for this assessment, which limits the understanding of community impact and personal experiences related to their services. Nevertheless, their strong rating from Charity Navigator suggests that Freedom Inc is a reputable organization with solid financial credentials.
This AI summary has been generated from information found on Charity Navigator.
Is Freedom Inc legitimate?
Freedom Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freedom 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: $627,207
Professional Fundraising Fees: $0
Other Salaries and Wages: $893,537
For more financial information, click here
Official website here: www.freedom-inc.org
What is the mission statement of Freedom Inc?
Freedom Inc's mission is centered around serving individuals who are economically and resourcefully disadvantaged. Their programs and services are tailored to cater to the unique needs of women and youth, and they aim to do so in a manner that respects and celebrates their language and culture. Freedom Inc inspires and empowers these individuals through leadership development and community organizing, with the ultimate goal of fostering social, political, cultural, and economic change.
Official website here: www.freedom-inc.org
Who is the CEO of Freedom Inc?
Sheur Yang Chief Finance Officer is the Board Chair of Freedom Inc. The CEO's salary of Freedom Inc is $170,769 and their total compensation is $170,769.
Official website here: www.freedom-inc.org
What is the revenue of Freedom Inc?
Freedom Inc's revenue in 2022 was $7,807,611.
Official website here: www.freedom-inc.org
Who are the executives of Freedom Inc and what are their salaries?
The average compensation at Freedom Inc during 2022 was $50,691. There are 30 employees and 20 volunteers at Freedom Inc.
Here are 12 key members and their salaries (Freedom Inc's CEO's salary is $170,769 and their total compensation is $170,769):
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- Compensation: $170,769
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- Compensation: $140,480
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- Compensation: $100,481
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- Compensation: $114,996
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- Other: $0
- Compensation: $100,481
- Related: $0
- Other: $0
Official website here: www.freedom-inc.org
Where can I find the form 990 for Freedom Inc?
Freedom Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.freedom-inc.org
Learn more at the official website: www.freedom-inc.org
Mission Statement of Freedom Inc
Freedom, Inc., a nonprofit organization, is dedicated to serving those who are most in need and lack the resources to seek assistance elsewhere. Its mission is uniquely tailored to cater to the language and cultural needs of women and youth. Through its programs and services, Freedom, Inc. aims to inspire and empower individuals by fostering leadership development and community organizing. This strategic approach is intended to spark transformative changes in the social, political, cultural, and economic landscapes. By doing so, Freedom, Inc. aspires to uplift and empower the individuals it serves, ultimately contributing to a more equitable and inclusive society.
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Impact
July, 2024
Freedom Inc's impact is profound in addressing the critical needs of marginalized individuals in the community by providing gender, language, and culture-specific services. They work tirelessly to combat violence against women, children, queer, gender-non-conforming, and transgender individuals within the Black and Southeast Asian communities. Through their programs, they offer direct services for domestic violence and sexual assault, advocacy, counseling, crisis intervention, and community education. Additionally, their emphasis on leadership development and community organizing empowers individuals to effect social, political, cultural, and economic change. This dedicated approach has a tangible and lasting impact on the lives of those they serve, creating a more equitable and just society for all.
This information is meant to be a general summary of Freedom 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: $21,090
- Program Service Revenue: $72,154
- Gross Receipts: $7,807,611
Assets and Liabilities:
- Total Assets: $7,321,161
- Total Liabilities: $944,711
- Net Assets: $6,376,450
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fiscal Agent Fee
Revenue
$72,154
Organization Details
Founding Year
2003
Principal Officer
Sheur Yang Chief Finance Officer
Main Address
2110 LUANN LN, MADISON, WI, 537133098
Website
www.freedom-inc.orgNTEE Category
Code: P20 - Human services
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