2022-11-15T22:25:09-06:00 2021-12-31 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2021-01-01 132877912 FREEDOM INSTITUTE INC FREE 2128380044 515 MADISON AVENUE 13TH FLOOR NEW YORK NY 10022 DANA SACHER-ROLLINS VICE PRESIDENT-GENERAL MANAGER 2128380044 2022-11-15 1 DANA SACHER-ROLLINS XXX-XX-XXXX GARRETT M HIGGINS P00543209 9143818900 2022-11-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DANA SACHER-ROLLINS 515 MADISON AVENUE 13TH FLOOR NEW YORK NY 10022 2784576 0 X WWW.FREEDOMINSTITUTE.ORG X 1976 NY ASSIST AND COUNSEL THE CHEMICALLY DEPENDENT AND THEIR FAMILIES THROUGH EDUCATION, TREATMENT, AND PREVENTION. 6 6 18 6 0 0 318788 858544 2287810 1866214 202045 34000 11704 0 2820347 2758758 3934 0 0 0 1799990 1609551 0 0 60626 1467423 1409805 3271347 3019356 -451000 -260598 1412979 1271692 487705 591633 925274 680059 X FREEDOM INSTITUTE IS A RESOURCE CENTER FOR INDIVIDUALS AND FAMILIES COPING WITH ADDICTION AND CO-OCCURRING ISSUES SUCH AS DEPRESSION AND ANXIETY. WE OFFER PERSONALIZED COUNSEL AND CARE TO THOSE SEEKING TO PREVENT, UNDERSTAND OR RECOVER FROM SUBSTANCE ABUSE AND ADDICTION. 0 0 2477157 1866214 THE CORONAVIRUS PANDEMIC CONTINUED TO PLAY A CENTRAL ROLE IN 2021 ACTIVITIES AND FINANCIAL CIRCUMSTANCES. AFTER RAPIDLY PIVOTING TO REMOTE SERVICES IN MARCH 2020 FOR WHAT WAS EXPECTED TO BE A SHORT-TERM PERIOD, OUR LICENSING BOARD CONTINUED TO RECOMMEND REMOTE SERVICES ALL THROUGH 2021. CLINICAL STAFF CONTINUED TO IMPROVE TELEHEALTH PRACTICES AND PROTOCOLS AS TELEHEALTH BECAME THE NORM. STAFF BEGAN TO RETURN TO THE OFFICE ON A LIMITED BASIS IN THE 4TH QUARTER IN PREPARATION FOR THE POSSIBILITY OF PROVIDING IN-PERSON SERVICES. WE FORESEE MAINTAINING A HYBRID MODEL GOING FORWARD. WE DID EXPERIENCE A DECREASE IN CENSUS IN THE 2ND HALF OF THE YEAR AS PEOPLE WERE VACCINATED AND BEGAN RETURNING TO NORMAL ACTIVITY AND TRAVEL. FOCUS IS ON BUILDING BACK THE IOP CENSUS AND DEVELOPING NEW PROGRAMMING TO INCORPORATE RECOVERY COACHING THAT HAS BEEN SUCCESSFUL IN THE VERITUS PROGRAM. THE VERITUS PROGRAM, A TELEHEALTH-BASED TREATMENT PROGRAM FOR HEALTHCARE PROFESSIONALS THAT WAS LAUNCHED IN 2020 CONTINUED TO DEVELOP IN 2021. THE TARGET CLIENT POPULATION IS HEALTHCARE PROFESSIONALS, PRIMARILY PHYSICIANS, WHO HAVE BEEN REFERRED TO THEIR STATE'S PROFESSIONAL MONITORING PROGRAMS DUE TO THEIR SUBSTANCE USE AND NEED ASSESSMENT AND TREATMENT IN ORDER TO MAINTAIN THEIR LICENSES TO PRACTICE. WE'VE LAUNCHED WITH A TELEHEALTH IOP COMBINED WITH PROFESSION-SPECIFIC RECOVERY COACHING AND ARE WORKING CLOSELY WITH THE PHYSICIAN HEALTH PROGRAMS. THE PLAN IS TO EXPAND THE WORK TO INCLUDE A PROGRAM FOR LAWYERS, AND WE ARE OPTIMISTIC ABOUT THE POTENTIAL FOR BOTH. 2477157 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 26 0 18 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 0 0 0 0 0 1 0 0 0 1 0 1 1 1 1 0 NY X X DANA SACHER-ROLLINS 2128380044 515 MADISON AVENUE 13TH FLOOR NEW YORK NY 10022 ROBERT L MILLER CHAIRMAN 5.00 X X 0 0 0 JACQUELINE R WILLIAMS SECRETARY 0.20 X X 0 0 0 JESSICA AMBROSE TRUSTEE 0.20 X 0 0 0 ANSON BARRETT FRELINGHUYSEN TRUSTEE 0.20 X 0 0 0 JOHN LOEFFLER TRUSTEE 0.20 X 0 0 0 PATRICK ROBINSON TRUSTEE 0.20 X 0 0 0 RACHEL J RUSSELL PRESIDENT & CHIEF CLINICAL 35.00 X 197376 0 25450 DANA SACHER-ROLLINS VP & GENERAL MANAGER 28.00 X 104014 0 38023 301390 0 63473 2 0 1 0 0 641231 217313 44070 858544 COUNSELING FEES 621400 1866214 1866214 1866214 15620 15620 44198 25818 18380 18380 18380 2758758 1866214 0 34000 X 364863 273647 91216 1026657 814847 185002 26808 32253 25279 6323 651 76810 62346 11632 2832 108968 85407 21362 2199 450 450 93010 93010 9864 9864 492310 474812 15795 1703 74551 46212 7214 21125 91916 85671 5636 609 99282 89934 8215 1133 129392 108461 18394 2537 565 474 80 11 18643 15627 2650 366 33274 27892 4730 652 BAD DEBT 232500 232500 DRUG TESTING SUPPLIES 116759 116759 STAFF TRAINING 11319 11319 OTHER PROGRAM EXPENSES 5970 5970 3019356 2477157 481573 60626 161579 77019 20391 11768 95551 284216 150578 61546 128266 1684 824370 806637 36376 17733 723585 817726 95953 700 0 1412979 1271692 146482 151940 341223 439693 487705 591633 X 803489 540722 121785 139337 925274 680059 1412979 1271692 X -260598 111336 -95953 X 0 1 X 0 0 X 502216 476136 412157 318788 858544 2567841 2796250 2709280 2389876 2287810 1866214 12049430 3298466 3185416 2802033 2606598 2724758 14617271 151404 84935 38077 35157 48937 358510 0 151404 84935 38077 35157 48937 358510 14258761 105228 76943 42247 23127 15620 263165 105228 76943 42247 23127 15620 263165 11704 11704 3403694 3262359 2844280 2641429 2740378 14892140 0.95750 0.93980 0.01770 0.03150 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: TAX REFUND - 2020 AMOUNT: $ 11,704. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 743976 145382 50000 9864 829494 1353392 52320 650000 11736 743976 2381140 395442 1400000 23190 1353392 4016629 -24101 1575000 36388 2381140 4913205 519861 1375000 41437 4016629 0.82000 0.11000 0.07000 0 0 360859 360859 0 463511 445778 17733 17733 PAYCHECK PROTECTION PROGRAM LOAN 406745 DUE TO VERITUS, LLC 32948 439693 X 2764277 111336 111336 2652941 9864 95953 105817 2758758 3009492 0 3009492 9864 9864 3019356 PART V, LINE 4: THE ENDOWMENT FUND WAS CREATED THROUGH A 1980 BOARD OF DIRECTORS RESOLUTION WITH THE PURPOSE OF ESTABLISHING A PERMANENT FUNDING BASIS. THE BOARD OF DIRECTORS, AT ITS DISCRETION, AND BASED ON THE NEEDS OF THE INSTITUTE, CAN DECIDE WHETHER TO REINVEST ENDOWMENT INCOME OR USE IT FOR OPERATING PURPOSES. PART X, LINE 2: THE INSTITUTE RECOGNIZES THE EFFECT OF TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE INSTITUTE HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE INSTITUTE IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2018. PART XI, LINE 4B - OTHER ADJUSTMENTS: EQUITY INTEREST IN OPERARTING LOSS OF VERITUS, LLC 95,953. X X 0 0 0 0 0 0 0 0 0 RACHEL J RUSSELL PRESIDENT & CHIEF CLINICAL 197376 0 0 0 0 0 0 0 25450 0 222826 0 0 0 X 4 44070 AVG. SELLING PRICE 0 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS LISTED IN COLUMN (B). FORM 990, PART VI, SECTION A, LINE 2 ROBERT L. MILLER AND JESSICA AMBROSE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FREEDOM INSTITUTE, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. THE CHAIRMAN OF THE BOARD AND GENERAL MANAGER MEET WITH THE OUTSIDE ACCOUNTANT AND REVIEW THE FORM 990 IN DETAIL TO ENSURE THAT IT CORRECTLY REFLECTS ALL ACTIVITIES AND POLICIES AT FREEDOM INSTITUTE. THE FINAL VERSION IS ELECTRONICALLY SENT TO THE BOARD OF TRUSTEES PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12 WHILE THE CURRENT CONFLICT OF INTEREST POLICY OF THE ORGANIZATION DOES NOT CONFORM WITH ALL OF THE REQUIREMENTS OF THE NYS NONPROFIT REVITALIZATION ACT OF 2013, THE POLICY DOES REQUIRE ANNUAL DISCLOSURE STATEMENTS FOR POTENTIAL CONFLICTS OF INTEREST. FURTHERMORE, BOARD MEMBERS AND EMPLOYEES, IN THE COURSE OF MEETING OR ACTIVITIES, ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST AS WELL AS RECUSE THEMSELVES FROM DISCUSSION AND VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT AND VP/GENERAL MANAGER IS REVIEWED ANNUALLY BY THE CHAIRMAN OF THE BOARD IN THE CONTEXT OF PERFORMANCE, THE ECONOMIC ENVIRONMENT, COST-OF-LIVING CHANGES, AND OTHER COMPARABLE POSITIONS AT SIMILAR FOR-PROFIT AND NOT-FOR-PROFIT ORGANIZATIONS. A RECOMMENDATION IS MADE TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. THE RECOMMENDATION AND PROCESS ARE DOCUMENTED. THIS PROCESS IS DONE ON AN ANNUAL BASIS AND AS PART OF THE ORGANIZATION'S BUDGETARY PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AND FORM 1023 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART IX, LINE 11G PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 20,776. MANAGEMENT AND GENERAL EXPENSES 3,523. FUNDRAISING EXPENSES 486. TOTAL EXPENSES 24,785. CONSULTING: PROGRAM SERVICE EXPENSES 454,036. MANAGEMENT AND GENERAL EXPENSES 12,272. FUNDRAISING EXPENSES 1,217. TOTAL EXPENSES 467,525. FORM 990, PART XI, LINE 9: EQUITY INTEREST IN OPERARTING LOSS OF VERITUS, LLC -95,953.