Overview
What is Freedom Train Charitable Foundation Ltd?
The Freedom Train Charitable Foundation Ltd, situated in Brooklyn, New York, is a nonprofit organization with a heartfelt mission to assist individuals, instill optimism, and support charities experiencing hardships. They accomplish this objective through contributions, training, and utilizing various suitable methods. The Foundation's initiatives extend beyond financial aid, as they also contribute to the Plymouth Church of the Pilgrims. The Freedom Train Charitable Foundation's purpose is to make a positive impact in the community and beyond, embodying their commitment to charity and betterment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating
Freedom Train Charitable Foundation Ltd has received a 67% rating from Charity Navigator, which places it in the Two-Star category. This rating reflects a moderate level of accountability and financial health. The organization demonstrates a strong program expense ratio at 96.69%, indicating that a significant portion of its expenses is dedicated to its programs, which is a positive aspect of its financial operations.
However, there are notable weaknesses in terms of governance and transparency. The foundation has no independent board members, which raises concerns about oversight and accountability. Additionally, the organization has several missing documents, including its website on the tax form and the tax form posted on its website, affecting transparency and accessibility of information.
The foundation does have a conflict of interest and whistleblower policy in place, which are positive governance practices. Despite its strengths in program expenditure, the overall lack of independent oversight and missing documentation may limit confidence among potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Freedom Train Charitable Foundation Ltd legitimate?
Freedom Train Charitable Foundation Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freedom Train Charitable Foundation Ltd 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: $0
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What is the mission statement of Freedom Train Charitable Foundation Ltd?
The Freedom Train Charitable Foundation is committed to assisting individuals, fostering optimism, and aiding charitable organizations by providing financial contributions, training, and utilizing appropriate methods. Their initiatives encompass providing aid to Plymouth Church of the Pilgrims. The mission of the Freedom Train Charitable Foundation is centered around offering aid, instilling hope, and contributing to charities that require assistance.
What is the revenue of Freedom Train Charitable Foundation Ltd?
Freedom Train Charitable Foundation Ltd's revenue in 2023 was $36,000.
Who are the executives of Freedom Train Charitable Foundation Ltd and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Freedom Train Charitable Foundation Ltd?
Freedom Train Charitable Foundation Ltd's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Freedom Train Charitable Foundation Ltd
The Freedom Train Charitable Foundation is a nonprofit organization committed to aiding people, fostering hope, and supporting charitable causes in need. They achieve this mission through various means, including financial contributions, training, and any other suitable methods. One of their initiatives involves donating to Plymouth Church of the Pilgrims. This foundation, with its humanitarian focus, aims to make a positive impact on the lives of those in need.
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Impact
August, 2024
Freedom Train Charitable Foundation Ltd's impact is far-reaching and profound. Through its dedicated efforts, the foundation has helped countless individuals in need, inspired hope in the face of adversity, and significantly contributed to various charities through donations, training programs, and other forms of support. One notable example is the foundation's donation to Plymouth Church of the Pilgrims, showcasing its commitment to making a positive difference in the community. Located in Brooklyn, NY, the foundation's mission to assist people, inspire hope, and support charities exemplifies its valuable and impactful contributions to human services.
This information is meant to be a general summary of Freedom Train Charitable Foundation Ltd. 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.
- Gross Receipts: $36,000
Assets and Liabilities:
- Total Assets: $50
- Total Liabilities: $405
- Net Assets: -$355
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Organization Details
Founding Year
2019
Principal Officer
Robert J Gallivan
NTEE Category
Code: P12 - Human services
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