Overview
What is The Freedom Bound Center?
The Freedom Bound Center, also known as Sol Collective, is a nonprofit organization situated in Sacramento, California. With a team of eight dedicated individuals, they serve as fiscal sponsors, providing support for community groups engaged in initiatives related to education, equity, health, and the arts. Their mission is to foster education, training, and cultural activities among activists advocating for social justice, encouraging unified action. Their work aims to promote positive change and community development in the areas of their focus.
Official website here: www.solcollective.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Freedom Bound Center has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The organization has achieved an overall score of 81%, which is solely based on its accountability metrics, reflecting a strong commitment to transparency and responsible financial practices.
One of the notable strengths of The Freedom Bound Center is its governance structure, with 85% of board members being independent, which suggests a healthy oversight environment. The organization has also demonstrated exemplary practices in areas such as conflict of interest and whistleblower policies, contributing positively to its accountability scores. Additionally, the program expense ratio stands at nearly 80%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs.
While the overall rating is commendable, it is solely focused on accountability and finance, which may not capture the full picture of the organization's impact and effectiveness in its mission. Nonetheless, with a strong governance framework and a high percentage of program expenses, The Freedom Bound Center appears to be well-managed and dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is The Freedom Bound Center legitimate?
The Freedom Bound Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Freedom Bound Center 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: $119,975
Professional Fundraising Fees: $0
Other Salaries and Wages: $442,880
For more financial information, click here
Official website here: www.solcollective.com
What is the mission statement of The Freedom Bound Center?
The Freedom Bound Center's mission is centered around promoting education, training, and cultural activities among activists who advocate for social justice. They achieve this by encouraging and facilitating legitimate unified actions. The organization's primary goal is to support community groups engaged in community education, equity, health, and the arts. By acting as fiscal sponsors, they provide essential backing to these groups, enabling them to continue their valuable work.
Official website here: www.solcollective.com
Who is the CEO of The Freedom Bound Center?
Estella Sanchez is the CEO of The Freedom Bound Center The CEO's salary of The Freedom Bound Center is $119,975 and their total compensation is $119,975.
Official website here: www.solcollective.com
What is the revenue of The Freedom Bound Center?
The Freedom Bound Center's revenue in 2023 was $1,571,737.
Official website here: www.solcollective.com
Who are the executives of The Freedom Bound Center and what are their salaries?
The average compensation at The Freedom Bound Center during 2023 was $93,809. There are 6 employees and 30 volunteers at The Freedom Bound Center.
Here are 9 key members and their salaries (The Freedom Bound Center's CEO's salary is $119,975 and their total compensation is $119,975):
- Compensation: $119,975
- Related: $0
- Other: $0
- Compensation: $106,034
- Related: $0
- Other: $0
- Compensation: $106,034
- 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
Official website here: www.solcollective.com
Where can I find the form 990 for The Freedom Bound Center?
The Freedom Bound Center's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.solcollective.com
Learn more at the official website: www.solcollective.com
Mission Statement of The Freedom Bound Center
The Freedom Bound Center is committed to promoting education, training, and cultural activities among advocates for social justice. Their mission involves taking legitimate unified action in this regard. Essentially, they serve as fiscal sponsors, offering support to community groups engaged in community education, equity, health, and arts initiatives. By doing so, they contribute to the broader goal of fostering social justice.
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Impact
July, 2024
The Freedom Bound Center is making a significant impact in Sacramento, CA by promoting education, training, and cultural activities among activists for social justice. They support community groups working on community education, equity, health, and the arts, fostering a culture of unity and empowerment. Their mission to promote social justice through education and training is helping to drive positive change and improve the overall well-being of the community.
This information is meant to be a general summary of The Freedom Bound Center. 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.
- Investment Income: $243
- Program Service Revenue: $54,017
- Gross Receipts: $1,573,562
Assets and Liabilities:
- Total Assets: $2,335,647
- Total Liabilities: $1,097,891
- Net Assets: $1,237,756
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FISCAL SPONSORSHIP
Revenue
$49,301
COMMUNITY SERVICE FEES
Revenue
$3,141
FACILITY RENTAL
Revenue
$1,575
Organization Details
Founding Year
2001
Principal Officer
Estella Sanchez
Website
www.solcollective.comNTEE Category
Code: S20 - Community improvement
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