Freedom Preparatory INC

Tax-deductible

Wichita, KS501(c)(3)EducationEIN 88-0962569

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To promote education in the state of kansas

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $5K a year · under 1% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
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
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$591K
-14% vs prior year
Spent
$618K
To programs
100%
Net assets
$83K
By yearFY2022–FY2025
Revenue
$591K
FY2025▼ -14%
Revenue by fiscal year
FY2022$244K
FY2024$688K
FY2025$591K
Expenses
$618K
FY2025▼ -7%
Expenses by fiscal year
FY2022$226K
FY2024$665K
FY2025$618K
Net assets
$83K
FY2025▼ -24%
Net assets by fiscal year
FY2022$18K
FY2024$110K
FY2025$83K

From the FY2025 Form 990 (year ending June 2025) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2023.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $616K Fundraising 0% · $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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Freedom Preparatory INC 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

Promote education throughout Kansas.

Provided by the organization

This section is blank until Freedom Preparatory INC claims this page.

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1 program service account for $616K of program spending, described in the organization's own filed words · FY2024.
01

Provide education opportunity for k to 12 students in kansas

$616Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$591K
Ln 12
Fees for servicesLn 2g$525K
Gifts and grantsLn 1h$65K
Other incomeLn 4–11$1K
Money outPt IX
$618K
Ln 25
Programscol B$616K
Fundraisingcol D$2K
Owns and owesPt X
$83K
net assets · Ln 32
Cash and savingsLn 1–2$75K
Total assetsLn 16$83K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$65K
Fundraising eventsLn 1c$274
Fees for servicesLn 2g$525K
Investment incomeLn 3$3
Other incomeLn 4–11$1K
Total revenueLn 12$591K
Assets in detailPt X, end of year
CashLn 1$53K
SavingsLn 2$22K
Cash and savings togetherLn 1–2$75K
Other assetsLn 15$7K
Total assetsLn 16$83K
LiabilitiesLn 26$0
Net assetsLn 32$83K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$102K$75K
Total assetsLn 16$110K$83K
LiabilitiesLn 26$0$0
Net assetsLn 32$110K$83K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$2K$2K
Other salaries and wagesLn 7$409K$409K
Accounting feesLn 11c$728$728
Professional fundraising feesLn 11e$2K$2K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$316$316
Office expensesLn 13$16K$16K
Information technologyLn 14$10K$10K
OccupancyLn 16$105K$105K
TravelLn 17$344$344
InsuranceLn 23$33K$33K
Other expenses (24a–d)Ln 24$20K$20K
All other expensesLn 24e$19K$19K
Total functional expensesLn 25$618K$616K$0$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $591K$618K−$27K$83K 990 PDF
FY2024 $688K$665K$23K$110K 990 PDF
FY2023 Not on file
FY2022 $244K$226K$18K$18K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $591,486 across 8 lines filed
VIII-1c Fundraising events$274
VIII-1f All other contributions, gifts and grants$65,113
VIII-1h Total contributions, gifts and grants$65,387
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $524,830$524,830
VIII-3 Investment incomeExcluded from tax $3$3
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $1,266$1,266
VIII-12 Total revenueRelated to mission $524,830 · Unrelated business $1,266 · Excluded from tax $3$591,486
Part IX · Statement of functional expenses $618,019 across 13 lines filed
IX-4 Benefits paid to or for membersPrograms $1,997$1,997
IX-7 Other salaries and wagesPrograms $409,089$409,089
IX-11c Accounting feesPrograms $728$728
IX-11e Professional fundraising feesFundraising $2,162$2,162
IX-11g Other fees for servicesPrograms $2,531$2,531
IX-12 Advertising and promotionPrograms $316$316
IX-13 Office expensesPrograms $15,852$15,852
IX-14 Information technologyPrograms $9,590$9,590
IX-16 OccupancyPrograms $104,537$104,537
IX-17 TravelPrograms $344$344
IX-23 InsurancePrograms $32,504$32,504
IX-24 Other expenses (24a–d)Programs $19,719$19,719
IX-24e All other expensesPrograms $18,650$18,650
IX-25 Total functional expensesPrograms $615,857 · Management $0 · Fundraising $2,162$618,019
Part X · Balance sheet $83,005 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $70,879$53,497
X-2 Savings and temporary cash investmentsStart of year $31,325$21,895
X-8 Inventories for sale or useStart of year $367$645
X-15 Other assetsStart of year $6,968$6,968
X-16 Total assetsStart of year $109,539$83,005
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $109,539$83,005
X-33 Total liabilities and net assetsStart of year $109,539$83,005
Part XI · Reconciliation of net assets $83,005 net assets at year end
XI-1 Total revenue$591,486
XI-2 Total expenses$618,019
XI-3 Revenue less expenses−$26,533
XI-4 Net assets at start of year$109,539
XI-8 Prior period adjustments−$1
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$83,005

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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