Jim and Norma Freeman Foundation

Tax-deductible

Oklahoma City, OK501(c)(3)Foundations & GrantmakersEIN 46-1487447Revenue $712K in FY2025

On file with the IRS11517 Broadway Ext, 73114-6607 · Oklahoma City, OKTax-exempt since Mar 2013Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2025 · Form 990-PFIndependent: 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
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $369K a year · 73% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
990-PF Pt I · 6 filings
Cash reserves
28 mo
of spending, in cash
Looks good: 28.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$694
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$712K
+31% vs prior year
Spent
$357K
Net assets
$3.1M
By yearFY2020–FY2025
Revenue
$712K
FY2025▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2020$144K
FY2021$617K
FY2022$567K
FY2023$445K
FY2024$542K
FY2025$712K
Expenses
$357K
FY2025▲ +136%
Tap a bar for its year
Expenses by fiscal year
FY2020$55K
FY2021$38K
FY2022$174K
FY2023$34K
FY2024$151K
FY2025$357K
Net assets
$3.1M
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$956K
FY2021$1.5M
FY2022$1.9M
FY2023$2.3M
FY2024$2.7M
FY2025$3.1M

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2013.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 90% · $322K Operating & administrative 10% · $35K

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

2 people listed on the 990-PF.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
See Jim and Norma Freeman Foundation executive salaries →

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Programs and updates

A private foundation based in Oklahoma City, OK.

Questions for Jim and Norma Freeman Foundation

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 8 grants · $319K · 2025–2025
Memorial Road Church of ChristFY2025$173,223
Individual RecipientFY2025$50,000
Heartbeat for HopeFY2025$40,000
Individual RecipientFY2025$20,000
Memorial Road Church of ChristFY2025$16,365
LilyfieldFY2025$10,000
Individual RecipientFY2025$5,000
Central Missions InternationalFY2025$4,500

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$40K
Median grantPart XV$20K
Largest grantPart XV$173K

By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$712K
Gifts and grants$481K
Investment income$231K
Money out
$357K
Grants paid$322K
Running costs$35K
Owns and owes
$3.1M
net assets
Cash and savings$840K
Total assets$3.1M
Liabilities$694
People
2
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$481K
Investment income$231K
Total revenue$712K
Assets in detailEnd of year
Cash and savings together$840K
Total assets$3.1M
Liabilities$694
Net assets$3.1M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $712K$357K$355K$3.1M 990 PDF
FY2024 $542K$151K$391K$2.7M 990 PDF
FY2023 $445K$34K$411K$2.3M 990 PDF
FY2022 $567K$174K$393K$1.9M 990 PDF
FY2021 $617K$38K$578K$1.5M 990 PDF
FY2020 $144K$55K$88K$956K 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) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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