Project Freedom INC FY2021 filing

Tax-deductible

Lawrenceville, NJ501(c)(3)Human ServicesEIN 22-2532804Revenue $3.0M in FY2021

On file with the IRSprojectfreedom.org1 Freedom Blvd, 08648-4531 · Lawrenceville, NJTax-exempt since Jul 1985Publicly supported charity — 170(b)(1)(A)(vi)

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1. To provide an environment where the physically disabled have the opportunity to be employed and have a family, contribute to society, and make lifestyle choices.2. To provide housing that is accessible to low and moderate income persons with disabilities.

501(c)(3) charity; gifts are tax-deductible.
15¢ of each $1 spent went to programs.
$298K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $582K a year · 22% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
15%
of spending
Concern: 15% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$298K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $18K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8.4M
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
-9% vs prior year
Spent
$2.0M
To programs
15%
Net assets
$7.3M
By yearFY2020–FY2024
Revenue
$3.0M
FY2021▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.3M
FY2021$3.0M
FY2022$1.2M
FY2023$3.1M
FY2024$2.7M
Expenses
$2.0M
FY2021▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$2.0M
FY2022$2.2M
FY2023$2.2M
FY2024$2.3M
Net assets
$7.3M
FY2021▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.3M
FY2021$7.3M
FY2022$6.3M
FY2023$6.5M
FY2024$8.7M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

15 cents of each dollar spent went to programs.

Program services 15% · $302K Management & general 83% · $1.7M Fundraising 2% · $33K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990; $298K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director - CEO
$160,000Pt VII · Sec A
$137,800Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Tracee Battis’s $200K as Executive Director - CEO is at the 90th percentile of top reported officer pay among 3868 $1–10M human services 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Tracee Battis$200,000$185,016$174,898$160,000$185,667
Timothy J Doherty————$188,333
Stephen J Schaefer$155,000$149,994$144,067$137,800$162,333
Anne Hamlin$145,000$136,500———

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers accessible housing and employment opportunities for people with disabilities to build families and contribute to society.

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Provided by the organization

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2 programs · $302K · in their own filed words · FY2021
01

To provide housing that is accessible to low and moderate income persons with disabilities, offering an encouraging environment that promotes activity.

$240Kprogram expense
02

To provide day programs, recreation, aquatics programs, and other beneficial activities to promote exercise for disabled people.

$63Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$18K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Fees for servicesLn 2g$2.3M
Gifts and grantsLn 1h$702K
Other incomeLn 4–11$54K
Money outPt IX
$2.0M
Ln 25
Programscol B$302K
Managementcol C$1.7M
Fundraisingcol D$33K
Owns and owesPt X
$7.3M
net assets · Ln 32
Cash and savingsLn 1–2$2.4M
Total assetsLn 16$15.7M
LiabilitiesLn 26$8.4M
PeoplePt VI, VII
20
listed · VII A
PaidVII A2
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$702K
Government grantsLn 1e$529K
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$4K
Other incomeLn 4–11$54K
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$2.4M
Cash and savings togetherLn 1–2$2.4M
InvestmentsLn 11–13$11.7M
Land, buildings, equipmentLn 10c$227K
Total assetsLn 16$15.7M
LiabilitiesLn 26$8.4M
Net assetsLn 32$7.3M
OperationsPt I, VI
EmployeesI 544
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.0M$2.4M
InvestmentsLn 11–13$11.8M$11.7M
Land, buildings, equipmentLn 10c$194K$227K
Total assetsLn 16$14.8M$15.7M
LiabilitiesLn 26$8.6M$8.4M
Net assetsLn 32$6.3M$7.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$530K$31K$499K
Other salaries and wagesLn 7$663K$38K$625K
Other employee benefitsLn 9$178K$178K
Payroll taxesLn 10$111K$8K$103K
Legal feesLn 11b$450$450
Other fees for servicesLn 11g$48K$15K$33K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$106K$106K
TravelLn 17$39K$18K$21K
Conferences, conventions and meetingsLn 19$668$668
InterestLn 20$28K$28K
Depreciation, depletion and amortizationLn 22$39K$39K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$227K$192K$35K
Total functional expensesLn 25$2.0M$302K$1.7M$33K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.7M$2.3M$360K$8.7M 990 PDF
FY2023 $3.1M$2.2M$901K$6.5M 990 PDF
FY2022 $1.2M$2.2M−$1.0M$6.3M 990 PDF
FY2021 Viewing $3.0M$2.0M$1.0M$7.3M 990 PDF
FY2020 $3.3M$1.7M$1.6M$6.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $3,011,195 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $177,444$702,007
I-9 Program service revenuePrior year $2,974,970$2,250,916
I-10 Investment incomePrior year $20,582$3,947
I-11 Other revenuePrior year $152,764$54,325
I-12 Total revenuePrior year $3,325,760$3,011,195
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,278,587$1,482,018
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $409,641$507,491
I-18 Total expensesPrior year $1,688,228$1,989,509
I-19 Revenue less expensesPrior year $1,637,532$1,021,686
Part VI · Governance 17 of 17 board members independent, 2 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,011,195 across 8 lines filed
Lines not itemized here account for $1,440 of total revenue; see the IRS return.
VIII-1e Government grants$528,682
VIII-1f All other contributions, gifts and grants$173,325
VIII-1h Total contributions, gifts and grants$702,007
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,250,916$2,250,916
VIII-3 Investment incomeRelated to mission $3,947$3,947
VIII-8 Net income from fundraising eventsExcluded from tax $52,775$52,775
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $110$110
VIII-12 Total revenueRelated to mission $2,256,413 · Unrelated business $0 · Excluded from tax $52,775$3,011,195
Part IX · Statement of functional expenses $1,989,509 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $30,843 · Management $499,463$530,306
IX-7 Other salaries and wagesPrograms $37,698 · Management $624,964$662,662
IX-9 Other employee benefitsManagement $177,860$177,860
IX-10 Payroll taxesPrograms $8,280 · Management $102,910$111,190
IX-11b Legal feesManagement $450$450
IX-11g Other fees for servicesManagement $14,960 · Fundraising $32,850$47,810
IX-12 Advertising and promotionManagement $5,084$5,084
IX-13 Office expensesManagement $105,955$105,955
IX-17 TravelPrograms $18,064 · Management $20,547$38,611
IX-19 Conferences, conventions and meetingsManagement $668$668
IX-20 InterestManagement $28,356$28,356
IX-22 Depreciation, depletion and amortizationManagement $38,602$38,602
IX-23 InsurancePrograms $15,401$15,401
IX-24 Other expenses (24a–d)Programs $192,025 · Management $34,529$226,554
IX-25 Total functional expensesPrograms $302,311 · Management $1,654,348 · Fundraising $32,850$1,989,509
Part X · Balance sheet $15,651,251 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,039,929$2,385,570
X-4 Accounts receivableStart of year $754,061$1,318,608
X-9 Prepaid expenses and deferred chargesStart of year $5,416$7,164
X-10c Land, buildings and equipment, netStart of year $193,663$227,091
X-11 Publicly traded securitiesStart of year $10,050,280$9,923,557
X-13 Program-related investmentsStart of year $1,789,261$1,789,261
X-16 Total assetsStart of year $14,832,610$15,651,251
X-17 Accounts payable and accrued expensesStart of year $107,851$17,837
X-25 Other liabilitiesStart of year $487,467$416,806
X-26 Total liabilitiesStart of year $8,558,168$8,355,123
X-27 Net assets without donor restrictionsStart of year $6,274,442$7,296,128
X-32 Total net assets or fund balancesStart of year $6,274,442$7,296,128
X-33 Total liabilities and net assetsStart of year $14,832,610$15,651,251
Part XI · Reconciliation of net assets $7,296,128 net assets at year end
XI-1 Total revenue$3,011,195
XI-2 Total expenses$1,989,509
XI-3 Revenue less expenses$1,021,686
XI-4 Net assets at start of year$6,274,442
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,296,128

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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