Freedom Train INC FY2021 filing

Tax-deductible

Covington, LA501(c)(3)ReligionEIN 27-2034221Revenue $190K in FY2021

On file with the IRSPo Box 4565, 70434-4565 · Covington, LATax-exempt since Aug 2010Publicly supported charity — 170(b)(1)(A)(vi)

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Faith and Freedom ministries will serve in the areas of teaching, preaching, service, including an emphasis on short term international mission experiences; and encouragement.

501(c)(3) charity; gifts are tax-deductible.
$85K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2021 · Form 990-EZIndependent: 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-EZ
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $4K a year · 2% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Pay to officers and key staff
$85K
to officers and key staff
No data yet: the filing does not give pay as a share of spending.
Pt VII · Sec A
Liabilities
$21K
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$190K
-20% vs prior year
Net assets
$11K
By yearFY2020–FY2024
Revenue
$190K
FY2021▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2020$238K
FY2021$190K
FY2022$242K
FY2023$219K
FY2024$205K
Expenses
—
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2020$213K
FY2021Not on file
FY2022$229K
FY2023$236K
FY2024$209K
Net assets
$11K
FY2021▲ +81%
Tap a bar for its year
Net assets by fiscal year
FY2020$6K
FY2021$11K
FY2022$24K
FY2023$7K
FY2024$3K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2010.

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

Who runs it and what they're paid

3 people listed on the 990-EZ; $85K paid to officers and key staff.

Part VII, Section A · reportable compensation
$84,738Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

David Diamond’s $92K as Chairman is at the 86th percentile of top reported officer pay among 2132 $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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
David Diamond$92,486$92,486$80,259$84,738$84,738

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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Programs and updates

Teaches, preaches, and serves through international missions and encouragement.

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Provided by the organization

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1 program · $195K · in their own filed words · FY2020
01

Faith and freedom ministries serves to provide transformational biblical teaching for the purpose of calling forth christians to embrace their identity in christ and thus walk in lives of service, accomplishing in love and confidence those works of service which christ has pre-ordained for them.

$195Kprogram expense

By the numbers

The FY2021 990-EZ, line by line.

1The main four
Money in
$190K
Other income$190K
Owns and owes
$11K
net assets
Liabilities$21K
People
3
listed
Paid1
2In more detail
Revenue in detail
Other income$190K
Total revenue$190K
Assets in detailEnd of year
Liabilities$21K
Net assets$11K
Operations
Employees1
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $205K$209K−$4K$3K 990 PDF
FY2023 $219K$236K−$17K$7K 990 PDF
FY2022 $242K$229K$13K$24K 990 PDF
FY2021 Viewing $190K$11K 990 PDF
FY2020 $238K$213K$24K$6K 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

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

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