Freedom 58 Project Incorporated EIN 52-2187487 Form 990 (PDF) Claim this org

Freedom 58 Project Incorporated

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Empowering anti-trafficking groups to fight human trafficking through innovation and collaboration. For fiscal year 2024 it reported $260K in revenue, $181K in expenses, and $151K in net assets.Pt I

Type
Religious organization · Religion
Location
Centennial, CO
Filings
4 on file (2021–2024)
Revenue
$260KFY2024
Expenses
$181K
Net assets
$151K
People
11
Filings
4
Updates
0
More identity details & actions ⌄
EIN  52-2187487 Religious organization Centennial, CO
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowering anti-trafficking groups to fight human trafficking through innovation and collaboration.
Leadership
Liz Swanson · Director · $79K
Money in and out
$260K revenue, $181K expenses
Bottom line
92% program efficiency
Where the money goes · FY2024
Total revenue
$260K
Pt VIII · Ln 12
Total expenses
$181K
Pt IX · Ln 25
Net assets
$151K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $79K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08 Fundraising $0.18
Program efficiency
92%
of spending reaches programs
Operating runway
9.8mo
months of highly liquid reserves at operating expense rate▼ -38% vs prior filing year
Surplus margin
+30%
revenue over expenses, this year▲ +27% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$260K
FY2024▲ +263%
Total revenue
$260K
Pt VIII · Ln 12
Total expenses
$181K
Pt IX · Ln 25
Net assets
$151K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$79K
Total assetsPt X · Ln 16$152K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFreedom 58 Project Incorporated
EINHdr · item D52-2187487
Principal addressHdr · item CCentennial, CO
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFJun 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$79,426Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Liz Swanson’s $79K as Director is at the 78th percentile of top reported officer pay among 2136 $100K–1M religion 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.

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Mission & Programs · Part III

Where the work happens

2 program services account for $303K of program spending, described in the organization's own filed words · FY2024.
01

Freedom 58 has developed an art exhibit called faces of freedom- "voices calling for the end of modern-day slavery which consists of 230 paintings of survivors of human trafficking, violent oppression of the poor and other stories of strategies and this exhibit is designed to be shown in high traffic areas such as churches, universities…

$167Kprogram expense
02

Mission Statement

Freedom 58 project uses art, education, and frontline prevention to illuminate injustice, equip communities, and intervene in human trafficking situations before exploitation begins. Program service accomplishments: the faces of freedom art exhibit: we curated and expanded the "faces of freedom" art exhibit, featuring over 250 original…

$135Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$260K
Investment income$162
Total revenueLn 12$260K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08 Fundraising $0.18
Program services92%$167K
Management & general8%$14K
Fundraising18%$32K
Total functional expensesLn 25$181K

Balance Sheet

Part X · end of year
CashLn 1$147K
Total assetsLn 16$152K
Total liabilitiesLn 26$989
Total net assetsLn 32$151K
Months of cash on handcomputed9.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $147K · Operating expenses/yr $181K
9.8 months
Where the money goes
Program services
Program services $167K · Total expenses $181K
92%
Management & General
Management & general $14K · Total expenses $181K
8%
Fundraising
Fundraising $0 · Total expenses $181K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $260K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $260K · Total revenue $260K
100%
Government reliance
Government grants — · Total revenue $260K
Earned-income share
Program service revenue $0 · Total revenue $260K
0%
Investment reliance
Investment income $162 · Total revenue $260K
+0.06%
Program self-sufficiency
Program service revenue $0 · Total expenses $181K
0%
Growth & trend
Revenue growth (YoY)
This year $260K · Prior year $72K
+263%
Net-asset trend (YoY)
End of year $151K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $260K · Expenses $181K
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $152K
Net-asset ratio
Net assets $151K · Total assets $152K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $152K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Liz Swanson · Reported title DIRECTOR · Highest reported compensation $79K · Total expenses $181K
44%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $86K · Total expenses $181K
47%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 12%
Revenue growth 263%
Accounting fee ratio 0.3%

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$15K

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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)$260K revenue · viewing · ⤓ 990 PDF
FY2023$72K revenue · ⤓ 990 PDF
FY2022$59K revenue · ⤓ 990 PDF
FY2021$68K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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