The Freedom Foundation FY2023 filing

Tax-deductible

Cedar Rapids, IA501(c)(3)Human ServicesEIN 46-3280693Revenue $534K in FY2023

On file with the IRSusfreedomfoundation.org4001 Center Point Rd Ne, 52402-6406 · Cedar Rapids, IATax-exempt since Feb 2014Publicly supported charity — 170(b)(1)(A)(vi)

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The Freedom Foundation serves many needs of active duty, reserve and honorably discharged military veterans. We provide a place for veterans to interact with fellow veterans and share in the camaraderie that they have shared while proudly serving our country. We diligently work within our organization and other organizations to assist veterans with lodging, food, transportation, financial and physical/mental medical assistance. Our center provides a resource center and guidance to navigate the best path for our individuals' needs. We strive to create close interpersonal relationships, trust and an emotional safety net with all of our veterans.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$66K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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 $402K a year · 60% 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
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$66K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 13.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $77K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$534K
+55% vs prior year
Spent
$248K
To programs
82%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$534K
FY2023▲ +55%
Tap a bar for its year
Revenue by fiscal year
FY2020$420K
FY2021$645K
FY2022$344K
FY2023$534K
FY2024$1.4M
Expenses
$248K
FY2023▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$331K
FY2021$304K
FY2022$192K
FY2023$248K
FY2024$288K
Net assets
$1.1M
FY2023▲ +36%
Tap a bar for its year
Net assets by fiscal year
FY2020$310K
FY2021$651K
FY2022$803K
FY2023$1.1M
FY2024$2.2M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Feb 2014.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $203K Management & general 17% · $43K Fundraising 1% · $2K

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

10 people listed on the 990; $66K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$66,154Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Lexi Coberly’s $62K as Executive Dir. is at the 8th percentile of top reported officer pay among 3869 $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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Lexi Coberly$62,178$66,154$54,919$50,000—
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.

See The Freedom Foundation 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 15aNo

Programs and updates

Provides veterans with lodging, food, transportation, and medical assistance, fostering camaraderie and support.

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Provided by the organization

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3 programs · $203K · in their own filed words · FY2023
01

Veterans Food Pantry & 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 2023, the food pantry program served 3,975 veterans meals through the veteran's lunch program, 2,173 veterans received goods from the food pantry.

$110Kprogram expense
02

Veteras 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, auto REPAIRS/TAGS/REGISTRATION. In 2023 we assisted with 64 veterans in emergency financial need.

$92Kprogram expense
03

Veterans homeless shelter program; putting veterans in shelters to keep them off the street and get them into permanent housing. In 2023, this program provided housing for 4 veterans.

$873program expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$77K
See all 3 funders →
Grants paid · 15 grants · $384K · 2020–2024
Unitemized GrantFY2024$41,760
Unitemized GrantFY2024$39,255
Unitemized GrantFY2024$525
Unitemized GrantFY2023$34,855
Unitemized GrantFY2023$17,736
Unitemized GrantFY2023$873
Unitemized GrantFY2022$27,890
Unitemized GrantFY2022$22,743
Unitemized GrantFY2022$1,425
Unitemized GrantFY2021$30,365
Unitemized GrantFY2021$27,408
Unitemized GrantFY2021$5,749
Unitemized GrantFY2020$112,395
Unitemized GrantFY2020$19,343
Unitemized GrantFY2020$2,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$534K
Ln 12
Gifts and grantsLn 1h$530K
Investment incomeLn 3$3K
Other incomeLn 4–11$253
Money outPt IX
$248K
Ln 25
Programscol B$203K
Managementcol C$43K
Fundraisingcol D$2K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$282K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$530K
Investment incomeLn 3$3K
Other incomeLn 4–11$253
Gains on assetsLn 7−$566
Total revenueLn 12$534K
Assets in detailPt X, end of year
CashLn 1$87K
SavingsLn 2$196K
Cash and savings togetherLn 1–2$282K
Land, buildings, equipmentLn 10c$806K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 54
VolunteersI 689
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$727K$282K
Land, buildings, equipmentLn 10c$76K$806K
Total assetsLn 16$803K$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$803K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$53K$53K
Pay of current officers, directors and key staffLn 5$66K$58K$7K$2K
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$4K$3K$2K
Office expensesLn 13$5K$5K
OccupancyLn 16$44K$33K$11K
Depreciation, depletion and amortizationLn 22$23K$23K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$41K$33K$8K
All other expensesLn 24e$328$121$207
Total functional expensesLn 25$248K$203K$43K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.4M$288K$1.1M$2.2M 990 PDF
FY2023 Viewing $534K$248K$286K$1.1M 990 PDF
FY2022 $344K$192K$153K$803K 990 PDF
FY2021 $645K$304K$341K$651K 990 PDF
FY2020 $420K$331K$88K$310K 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 FY2023 990 (6 parts)
Part I · Summary $533,503 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $345,148$530,448
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $648$2,802
I-11 Other revenuePrior year −$1,437$253
I-12 Total revenuePrior year $344,359$533,503
I-13 Grants and similar amounts paidPrior year $52,058$53,464
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $54,919$66,154
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $84,848$128,291
I-18 Total expensesPrior year $191,825$247,909
I-19 Revenue less expensesPrior year $152,534$285,594
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $533,503 across 5 lines filed
Lines not itemized here account for $253 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$530,448
VIII-1h Total contributions, gifts and grants$530,448
VIII-3 Investment incomeExcluded from tax $3,368$3,368
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$566−$566
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,055$533,503
Part IX · Statement of functional expenses $247,909 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $53,464$53,464
IX-5 Pay of current officers, directors and key staffPrograms $57,554 · Management $6,615 · Fundraising $1,985$66,154
IX-11c Accounting feesManagement $5,250$5,250
IX-12 Advertising and promotionPrograms $2,618 · Management $1,745$4,363
IX-13 Office expensesManagement $5,247$5,247
IX-16 OccupancyPrograms $33,307 · Management $11,102$44,409
IX-22 Depreciation, depletion and amortizationPrograms $22,797$22,797
IX-23 InsuranceManagement $5,259$5,259
IX-24 Other expenses (24a–d)Programs $33,028 · Management $7,610$40,638
IX-24e All other expensesPrograms $121 · Management $207$328
IX-25 Total functional expensesPrograms $202,889 · Management $43,035 · Fundraising $1,985$247,909
Part X · Balance sheet $1,088,688 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $531,839$86,628
X-2 Savings and temporary cash investmentsStart of year $195,306$195,807
X-10c Land, buildings and equipment, netStart of year $75,949$806,253
X-16 Total assetsStart of year $803,094$1,088,688
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $803,094$1,088,688
X-33 Total liabilities and net assetsStart of year $803,094$1,088,688
Part XI · Reconciliation of net assets $1,088,688 net assets at year end
XI-1 Total revenue$533,503
XI-2 Total expenses$247,909
XI-3 Revenue less expenses$285,594
XI-4 Net assets at start of year$803,094
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,088,688

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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