Freedom Farm EIN 41-1990650 Form 990 (PDF) Claim this org

Freedom Farm FY2020 filing

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Offers healing and hope through equine-assisted therapy and programs. For fiscal year 2020 it reported $454K in revenue, $330K in expenses, and $551K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Waverly, MN
Website
www.freedomfarmmn.org
Filings
5 on file (2020–2020)
Revenue
$454KFY2020
Expenses
$330K
Net assets
$551K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  41-1990650 Public charity (501(c)(3)) Waverly, MN
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Offers healing and hope through equine-assisted therapy and programs.
Leadership
Susie Bjorklund · President · $62K
Money in and out
$454K revenue, $330K expenses
Bottom line
82% program efficiency
Where the money goes · FY2020
Total revenue
$454K
Pt VIII · Ln 12
Total expenses
$330K
Pt IX · Ln 25
Net assets
$551K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $124K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.07 Fundraising $0.11
Program efficiency
82%
of spending reaches programs
Operating runway
10.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+27%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$454K
FY2020
Expenses
$330K
FY2020
Total assets
$706K
FY2020
Total liabilities
$155K
FY2020
Total revenue
$454K
Pt VIII · Ln 12
Total expenses
$330K
Pt IX · Ln 25
Net assets
$551K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$124K
Total assetsPt X · Ln 16$706K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFreedom Farm
EINHdr · item D41-1990650
Principal addressHdr · item CWaverly, MN
WebsiteHdr · item Jwww.freedomfarmmn.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P82)
Ruling yearIRS BMFJul 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
$61,880Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Susie Bjorklund’s $69K as President is at the 60th percentile of top reported officer pay among 2165 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Susie Bjorklund$69,290$71,060$65,000$61,880$61,880

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

3 program services account for $271K of program spending, described in the organization's own filed words · FY2020.
01

Hope & Healing with Horses

While partnering with the horse, 'Hope & Healing' focuses on developing trust, finding success, and building confidence while providing horsemanship experiences to improve communication.

$176Kprogram expense
02

Succeed with Horses at Freedom Academy

Freedom Academy is an on-site Accredited Public High School. Students attend the 'Succeed with Horses' class daily where they partner with the horse gaining horsemanship skills and learning to find direction and build positive relationships.

$47Kprogram expense
03

Mount Up/Walk on

For veterans and active duty service members who are on a path of healing. It's a time to rebuild confidence and trust, focus on the 'here and now and to give back to the community.

$47Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$320K · 70%
Other revenue$71K · 16%
Program service revenue$61K · 13%
Investment income$2K · 1%
Contributions & grants70%$320K
Other revenue16%$71K
Program service revenue13%$61K
Investment income1%$2K
— government grantsLn 1e$30K
Total revenueLn 12$454K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.07 Fundraising $0.11
Program services82%$271K
Management & general7%$22K
Fundraising11%$37K
Total functional expensesLn 25$330K

Balance Sheet

Part X · end of year
CashLn 1$278K
Total assetsLn 16$706K
Total liabilitiesLn 26$155K
Total net assetsLn 32$551K
Months of cash on handcomputed10.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $278K · Operating expenses/yr $330K
10.1 months
Where the money goes
Program services
Program services $271K · Total expenses $330K
82%
Management & General
Management & general $22K · Total expenses $330K
7%
Fundraising
Fundraising $37K · Total expenses $330K
11%
Cost to raise $1
Fundraising expense $37K · Solicited contributions $290K
$0.13 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $320K · Total revenue $454K
70%
Government reliance
Government grants $30K · Total revenue $454K
7%
Earned-income share
Program service revenue $61K · Total revenue $454K
13%
Investment reliance
Investment income $2K · Total revenue $454K
+0.5%
Program self-sufficiency
Program service revenue $61K · Total expenses $330K
19%
Growth & trend
Revenue growth (YoY)
This year $454K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $551K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $454K · Expenses $330K
+27%
Liabilities-to-Assets
Total liabilities — · Total assets $706K
Net-asset ratio
Net assets $551K · Total assets $706K
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $706K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Susie Bjorklund · Reported title President · Highest reported compensation $62K · Total expenses $330K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $153K · Total expenses $330K
46%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 7%
Fundraising cost ratio 11%
Accounting fee ratio 0.7%

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.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$30K

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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)$272K revenue · ⤓ 990 PDF
FY2023$309K revenue · ⤓ 990 PDF
FY2022$390K revenue · ⤓ 990 PDF
FY2021$346K revenue · ⤓ 990 PDF
FY2020$454K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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