Freetown Village INC

Tax-deductible

Indianapolis, IN501(c)(3)Arts & CultureEIN 35-1609921

Education and cultural awareness

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Run by 8 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
5 of 5
filings with a surplus
Average surplus $152K a year · 43% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Worth a look: 65% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$96K
to officers and key staff · 32% of spending
Top officer’s pay higher than 58% of similar orgs
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
Cash reserves
33 mo
of spending, in cash
Looks good: 32.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $250K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$188K
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$407K
-31% vs prior year
Spent
$303K
To programs
65%
Net assets
$639K
By yearFY2020–FY2024
Revenue
$407K
FY2024▼ -31%
Revenue by fiscal year
FY2020$342K
FY2021$206K
FY2022$203K
FY2023$587K
FY2024$407K
Expenses
$303K
FY2024▲ +53%
Expenses by fiscal year
FY2020$100K
FY2021$195K
FY2022$190K
FY2023$198K
FY2024$303K
Net assets
$639K
FY2024▲ +19%
Net assets by fiscal year
FY2020$123K
FY2021$134K
FY2022$147K
FY2023$536K
FY2024$639K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

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

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $197K Management & general 28% · $86K Fundraising 7% · $20K

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

Who runs it and what they're paid

9 people listed on the 990; $96K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$62,400Pt VII · Sec A
Executive Director
$33,368Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Ophelia Wellington’s $62K as Executive Director is at the 58th percentile of top reported officer pay among 2216 $100K–1M arts & culture 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

NameFY2024FY2023FY2022FY2021FY2020
Ophelia Wellington$62,400$28,018$28,018$28,018$25,862
Stanley Dumornay$33,368————

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.

See Freetown Village INC executive salaries →

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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

Promotes education and cultural awareness through programs and resources.

Provided by the organization

This section is blank until Freetown Village INC claims this page.

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1 program service account for $197K of program spending, described in the organization's own filed words · FY2024.
01

The organization educates the public about african-american lives and culture through living history performances, the collection and preservation of artifacts, exhibits and allied programs.

$197Kprogram expense

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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
See all 7 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$407K
Ln 12
Gifts and grantsLn 1h$374K
Fees for servicesLn 2g$37K
Investment incomeLn 3$74
Money outPt IX
$303K
Ln 25
Programscol B$197K
Managementcol C$86K
Fundraisingcol D$20K
Owns and owesPt X
$639K
net assets · Ln 32
Cash and savingsLn 1–2$827K
Total assetsLn 16$827K
LiabilitiesLn 26$188K
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$374K
Government grantsLn 1e$40K
Noncash giftsLn 1g$10K
Fundraising eventsLn 1c$40K
Fees for servicesLn 2g$37K
Investment incomeLn 3$74
Total revenueLn 12$407K
Assets in detailPt X, end of year
CashLn 1$112K
SavingsLn 2$715K
Cash and savings togetherLn 1–2$827K
Total assetsLn 16$827K
LiabilitiesLn 26$188K
Net assetsLn 32$639K
OperationsPt I, VI
EmployeesI 510
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$721K$827K
Total assetsLn 16$723K$827K
LiabilitiesLn 26$187K$188K
Net assetsLn 32$536K$639K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$62K$62K
Other salaries and wagesLn 7$99K$61K$37K
Payroll taxesLn 10$10K$8K$2K
Management feesLn 11a$14K$5K$9K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$23K$9K$2K$13K
Advertising and promotionLn 12$17K$16K$1K
Office expensesLn 13$3K$642$3K
Information technologyLn 14$1K$306$857
OccupancyLn 16$22K$7K$15K
TravelLn 17$1K$1K$4
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$36K$27K$2K$8K
Total functional expensesLn 25$303K$197K$86K$20K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $407K$303K$103K$639K 990 PDF
FY2023 $587K$198K$389K$536K 990 PDF
FY2022 $203K$190K$13K$147K 990 PDF
FY2021 $206K$195K$11K$134K 990 PDF
FY2020 $342K$100K$242K$123K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $406,571 across 10 lines filed
VIII-1b Membership dues$900
VIII-1c Fundraising events$39,504
VIII-1e Government grants$40,074
VIII-1f All other contributions, gifts and grants$293,753
VIII-1g Noncash contributions (included above)$10,099
VIII-1h Total contributions, gifts and grants$374,231
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $37,365$37,365
VIII-3 Investment incomeRelated to mission $74$74
VIII-8 Net income from fundraising eventsExcluded from tax −$5,099−$5,099
VIII-12 Total revenueRelated to mission $37,439 · Unrelated business $0 · Excluded from tax −$5,099$406,571
Part IX · Statement of functional expenses $303,397 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $62,400$62,400
IX-7 Other salaries and wagesPrograms $61,384 · Management $37,128$98,512
IX-10 Payroll taxesPrograms $7,638 · Management $2,291$9,929
IX-11a Management feesPrograms $4,875 · Management $9,441$14,316
IX-11c Accounting feesManagement $9,700$9,700
IX-11g Other fees for servicesPrograms $8,630 · Management $2,163 · Fundraising $12,600$23,393
IX-12 Advertising and promotionPrograms $16,054 · Management $1,019$17,073
IX-13 Office expensesPrograms $642 · Management $2,813$3,455
IX-14 Information technologyPrograms $306 · Management $857$1,163
IX-16 OccupancyPrograms $6,979 · Management $14,965$21,944
IX-17 TravelPrograms $1,371 · Management $4$1,375
IX-23 InsuranceManagement $3,973$3,973
IX-24 Other expenses (24a–d)Programs $26,549 · Management $2,100 · Fundraising $7,515$36,164
IX-25 Total functional expensesPrograms $196,828 · Management $86,454 · Fundraising $20,115$303,397
Part X · Balance sheet $826,579 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $32,339$111,835
X-2 Savings and temporary cash investmentsStart of year $689,144$714,744
X-16 Total assetsStart of year $722,683$826,579
X-17 Accounts payable and accrued expensesStart of year $186,807$187,529
X-26 Total liabilitiesStart of year $186,807$187,529
X-27 Net assets without donor restrictionsStart of year $530,126$266,894
X-28 Net assets with donor restrictionsStart of year $5,750$372,156
X-32 Total net assets or fund balancesStart of year $535,876$639,050
X-33 Total liabilities and net assetsStart of year $722,683$826,579
Part XI · Reconciliation of net assets $639,050 net assets at year end
XI-1 Total revenue$406,571
XI-2 Total expenses$303,397
XI-3 Revenue less expenses$103,174
XI-4 Net assets at start of year$535,876
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$639,050

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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