Forever Free Foundation INC EIN 20-3747021 Form 990 (PDF) Claim this org

Forever Free Foundation INC

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Offers seminars and publishes ministry materials to spread evangelical messages. For fiscal year 2024 it reported $234K in revenue, $235K in expenses, and $148K in net assets.Pt I

Type
Religious organization · Religion
Location
Weatherford, TX
Website
www.foreverfree.org
Filings
5 on file (2020–2024)
Revenue
$234KFY2024
Expenses
$235K
Net assets
$148K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-3747021 Religious organization Weatherford, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers seminars and publishes ministry materials to spread evangelical messages.
Leadership
Mark a Fox · Executive Director · $75K
Money in and out
$234K revenue, $235K expenses
Bottom line
86% program efficiency
Where the money goes · FY2024
Total revenue
$234K
Pt VIII · Ln 12
Total expenses
$235K
Pt IX · Ln 25
Net assets
$148K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Program efficiency
86%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
6.4mo
months of highly liquid reserves at operating expense rate▲ +3% vs prior filing year
Surplus margin
-0.7%
revenue over expenses, this year▲ +90% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$234K
FY2024▲ +1%
Expenses
$235K
FY2024▼ -5%
Total assets
$150K
FY2024-0.4%
Total liabilities
$2K
FY2024▲ +115%
Total revenue
$234K
Pt VIII · Ln 12
Total expenses
$235K
Pt IX · Ln 25
Net assets
$148K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2K
Total assetsPt X · Ln 16$150K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CForever Free Foundation INC
EINHdr · item D20-3747021
Principal addressHdr · item CWeatherford, TX
WebsiteHdr · item Jwww.foreverfree.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFDec 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$75,119Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Mark a Fox’s $75K as Executive Director is at the 76th percentile of top reported officer pay among 2135 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2022FY2020
Mark a Fox$75,119$75,381
Loyda Fox$48,054$44,170

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $203K of program spending, described in the organization's own filed words · FY2024.
01

seminars, evangelical seminars, printing and publications of associated ministry dvds and books.

$203Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$234K
Total revenueLn 12$234K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$203K
Management & general14%$32K
Total functional expensesLn 25$235K

Balance Sheet

Part X · end of year
CashLn 1$126K
Total assetsLn 16$150K
Total liabilitiesLn 26$2K
Total net assetsLn 32$148K
Months of cash on handcomputed6.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $126K · Operating expenses/yr $235K
6.4 months
Where the money goes
Program services
Program services $203K · Total expenses $235K
86%
Management & General
Management & general $32K · Total expenses $235K
14%
Fundraising
Fundraising $0 · Total expenses $235K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $235K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $234K · Total revenue $234K
100%
Government reliance
Government grants — · Total revenue $234K
Earned-income share
Program service revenue $0 · Total revenue $234K
0%
Investment reliance
Investment income $0 · Total revenue $234K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $235K
0%
Growth & trend
Revenue growth (YoY)
This year $234K · Prior year $231K
+1%
Revenue CAGR
FY2020 $222K · FY2024 $234K
+1%
Net-asset trend (YoY)
End of year $148K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $234K · Expenses $235K
-0.7%
Liabilities-to-Assets
Total liabilities — · Total assets $150K
Net-asset ratio
Net assets $148K · Total assets $150K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $150K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mark a Fox · Reported title Executive Director · Highest reported compensation $75K · Total expenses $235K
32%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $58K · Total expenses $235K
25%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0%
Revenue growth 1%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$20K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$234K revenue · viewing · ⤓ 990 PDF
FY2023$231K revenue · ⤓ 990 PDF
FY2022$244K revenue · ⤓ 990 PDF
FY2021$317K revenue · ⤓ 990 PDF
FY2020$222K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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