The Freedom Foundation
Provides veterans with lodging, food, transportation, and medical assistance, fostering camaraderie and support. For fiscal year 2024 it reported $1.4M in revenue, $288K in expenses, and $2.2M in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Human Services
- Location
- Cedar Rapids, IA
- Website
- www.usfreedomfoundation.org
- Filings
- 5 on file (2020–2024)
More identity details & actions ⌄
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Summary of the Filing
Where the work happens
Veterans Food Pantry and Lunch Program
Veterans receive food throughout the year through meals served as well as delivery of food pantry items to individuals that may have medical or mental health issues. During 2024, we served 4,053 veteran meals through the veteran's lunch program and 3,610 veterans received goods from the food pantry.
Veterans emergency assistance fund (VEAF) helps veterans when they are a little short financially or with basic items needed (ex. winter coat). We help veterans with their rent, deposits, utilities and auto repairs/tags/registration. We assisted 84 veterans in emergency financial need.
Veterans Homeless Shelter Program
Putting veterans in shelters to keep them off the street and get them into permanent housing. In 2024, this program provided housing for 3 veterans.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Lexi Coberly’s $62K as Executive Dir. is at the 8th percentile of top reported officer pay among 3864 $1–10M 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 · 5 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Lexi Coberly | — | $66,154 | $54,919 | $50,000 | — |
| Lexi Coberly | $62,178 | — | — | — | — |
| Charles F Elias Until Oct 2020 | — | — | — | — | $29,997 |
| Lexi Coberly Eff Nov 2020 | — | — | — | — | $5,769 |
| Amanda Brant | — | — | — | — | $1,215 |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 88% | — | — |
| Overhead ratio | 11% | — | — |
| Fundraising cost ratio | 0.1% | — | — |
| Revenue growth | 168% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 3% | — | — |
| Fundraising fee ratio | 0% | — | — |
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
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Filings & Schedule Manifest
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Sources
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