Form 990 for the fiscal year ending December 2025 (IRS tax year 2025).
Status and standing
Where the money goes
Statement of Functional Expenses
Financial health
Summary of the Filing
| FY2020 | $192K |
|---|---|
| FY2021 | $304K |
| FY2022 | $236K |
| FY2023 | $269K |
| FY2024 | $198K |
| FY2025 | $188K |
| FY2020 | $45K |
|---|---|
| FY2021 | $1K |
| FY2022 | $0 |
| FY2023 | $0 |
| FY2024 | $2K |
| FY2025 | $328 |
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 58% | — | — |
| Overhead ratio | 27% | — | — |
| Fundraising cost ratio | 16% | — | — |
| Revenue growth | 7% | — | — |
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.
Leadership and pay
Officers, Directors & Key Employees
Joy Cover’s $73K as President is at the 66th percentile of top reported officer pay among 1636 $100K–1M international 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Joy Cover | $73,177 | $68,409 | $63,711 | $59,400 | $59,033 | $55,000 |
| Sal Ferlise | $22,075 | $21,642 | $21,537 | $21,012 | — | $20,400 |
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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Governance & Policies
Mission and programs
Combats sexual exploitation and trafficking through awareness, education, and partner support.
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Where the work happens
In 2025 Freedom 4/24 significantly expanded the reach of its human trafficking prevention education programs, reaching a broad population of learners across various age groups. Over 43,000 students in middle schools, high schools, and at Randolph College were enrolled in prevention education during the year as part of its targeted…
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Funders
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2025 Latest Viewing | $589K | $597K | +7% | 990 PDF |
| FY2024 | $548K | $621K | -15% | 990 PDF |
| FY2023 | $642K | $608K | +28% | 990 PDF |
| FY2022 | $501K | $569K | -22% | 990 PDF |
| FY2021 | $641K | $486K | +38% | 990 PDF |
| FY2020 | $465K | $429K | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
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