FREED FOUNDATION INC: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- FREED FOUNDATION INC (EIN 52-6047591)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-05-17
- IRS object ID
- 202101379349101845
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Depreciation Schedule
- Investments Govt Obligations Sch
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-05-17T14:43:53-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WITHUMSMITHBROWNPC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 331 NEWMAN SPRINGS RD STE 125 | AddressLine1Txt |
| City | RED BANK | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 077016765 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 526047591 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FREED FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % ELIZABETH FREED | InCareOfNm |
| Business Name Control | FREE | BusinessNameControlTxt |
| Phone | 2125208399 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 303 E WOOLBRIGHT ROAD STE 304 | AddressLine1Txt |
| City | BOYNTON BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33435 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ELIZABETH FREED | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 2125208399 | PhoneNum |
| Signature | 2021-05-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ELIZABETH | PersonFirstNm |
| Person Last | FREED | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TED NAPPI CPA | PreparerPersonNm |
| PTIN | P01029666 | PTIN |
| Phone | 7328423113 | PhoneNum |
| Preparation | 2021-05-01 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $21,879,062 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $392,392 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $392,392 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$2,965 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,087,757 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $389,427 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $392,392 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $120,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $30,000 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $90,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $11,372 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $2,843 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $8,529 | PensionEmplBnftDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $18,438 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $4,610 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $13,828 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $27,743 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $27,743 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $28,354 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $7,294 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $4,350 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $12,000 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $12,000 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $401 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $401 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $218,308 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $72,490 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $129,108 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $878,433 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $878,433 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,096,741 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $72,490 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,007,541 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$707,314 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $319,902 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $3,611,022 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $3,004,044 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $3,004,044 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $0 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $4,553 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $4,553 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $2,619,268 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $12,332,188 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $18,870,465 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $4,157,576 | CorporateStockBOYAmt |
| Other Investments BOY | $5,636,959 | OtherInvestmentsBOYAmt |
| Other Assets BOY | $15,889 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $16,040,714 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,340,785 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $21,879,062 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $7,385 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,385 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $16,040,714 | CapitalStockBOYAmt |
| Capital Stock EOY | $15,333,400 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $16,040,714 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $15,333,400 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $16,040,714 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $15,340,785 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $16,040,714 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$707,314 | ExcessRevenueOverExpensesAmt |
| Subtotal | $15,333,400 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $15,333,400 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (52 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| FIDELITY GOVERNMENT PORTFOLIO | P | 2019-02-11 | 2020-02-10 | $160,000 | $160,000 | ||
| BLACKSTONE MORTGAGE TRUST INC | P | 2017-01-19 | 2020-02-10 | $48,663 | $38,670 | $9,993 | $9,993 |
| FIDELITY GOVERNMENT PORTFOLIO | P | 2019-02-11 | 2020-07-24 | $201,125 | $201,125 | ||
| ARES COMMERCIAL REAL ESTATE | P | 2020-02-10 | 2020-09-18 | $60,899 | $99,583 | -$38,684 | -$38,684 |
| COHEN & STEERS REAL ESTATE | P | 2019-11-05 | 2020-09-18 | $120,622 | $136,827 | -$16,205 | -$16,205 |
| STARWOOD PROPERTY TRUST INC | P | 2020-02-10 | 2020-09-18 | $62,446 | $98,957 | -$36,511 | -$36,511 |
| BLACKSTONE MORTGAGE | P | 2012-01-01 | 2020-09-18 | $76,872 | $100,943 | -$24,071 | -$24,071 |
| CEDAR REALTY TRUST INC | P | 2014-06-04 | 2020-09-18 | $3,496 | $4,425 | -$929 | -$929 |
| COHEN & STEERS REAL ESTATE | P | 2018-03-15 | 2020-09-18 | $43,644 | $41,161 | $2,483 | $2,483 |
| DIAMOND HILL LONG/SHORT | P | 2018-01-01 | 2020-09-18 | $105,588 | $101,000 | $4,588 | $4,588 |
| H&W SMALL CAP VALUE | P | 2018-01-01 | 2020-09-18 | $22,411 | $32,547 | -$10,136 | -$10,136 |
| INV OPP DEVELOP MRKTS | P | 2018-01-01 | 2020-09-18 | $67,306 | $54,478 | $12,828 | $12,828 |
| NEW RESIDENTIAL INVESTMENT | P | 2018-01-01 | 2020-09-18 | $43,901 | $85,193 | -$41,292 | -$41,292 |
| SPDR S&P REGIONAL BANKING | P | 2017-02-02 | 2020-09-18 | $9,480 | $13,682 | -$4,202 | -$4,202 |
| VANGUARD REAL EST INDX | P | 2018-01-01 | 2020-09-18 | $424,638 | $316,607 | $108,031 | $108,031 |
| ROYAL CARIBBEAN CRUISES | P | 2012-11-07 | 2020-03-09 | $41,890 | $46,035 | -$4,145 | -$4,145 |
| SIMON PPTY GROUP | P | 2020-01-01 | 2020-04-06 | $61,914 | $66,172 | -$4,258 | -$4,258 |
| AERCAP IRELAND CAP | P | 2020-01-01 | 2020-05-04 | $22,044 | $24,547 | -$2,503 | -$2,503 |
| MOLSON COORS BEVERAGE | P | 2018-01-01 | 2020-05-04 | $46,224 | $47,036 | -$812 | -$812 |
| JABIL INC SR NTS | P | 2020-01-01 | 2020-08-06 | $66,182 | $65,764 | $418 | $418 |
| ANHEUSER-BUSCH INBEV | P | 2020-01-01 | 2020-09-17 | $50,990 | $48,434 | $2,556 | $2,556 |
| WRKCO INC | 2020-01-01 | 2020-10-22 | $108,259 | $100,525 | $7,734 | $7,734 | |
| DUPONT DE NEMOURS INC | P | 2018-01-01 | 2020-11-16 | $44,000 | $44,000 | ||
| LENNAR CORP | P | 2018-01-01 | 2020-11-24 | $46,355 | $46,010 | $345 | $345 |
| INTL LEASE FIN CORP | P | 2018-01-01 | 2020-12-15 | $80,000 | $80,000 | ||
| CVS HEALTH CORP | P | 2020-01-01 | 2020-12-22 | $40,371 | $37,001 | $3,370 | $3,370 |
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 | |||||
| CAPITAL GAIN DIVIDENDS | P | $28,437 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$2,965 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4,447 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $4,447 | SubtotalAmt |
| Tax Based On Investment Income | $4,447 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $9,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $9,000 | TotalPaymentsAndCreditsAmt |
| Overpayment | $4,553 | OverpaymentAmt |
| Applied To ES Tax | $4,553 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | false | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DC | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELIZABETH FREED | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2125208399 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 303 E WOOLBRIGHT ROAD 304 | AddressLine1Txt |
| City | BOYNTON BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33435 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| ELIZABETH FREED | ||||||||
| 303 E WOOLBRIGHT ROAD 304 | BOYNTON BEACH | FL | 33435 | TREASURER | 35.0 | $120,000 | $0 | $11,372 |
| NICHOLAS J DOTOLI | ||||||||
| 110 WHITE ROCK ROAD | VERONA | NJ | 07044 | BOARD MEMBER | 0.0 | $0 | $0 | $0 |
| WILLIAM P MITCHELL | ||||||||
| 8520 NW 14TH STREET | PLANTATION | FL | 33322 | BOARD MEMBER | 0.0 | $0 | $0 | $0 |
| DAVID OURISMAN | ||||||||
| 1522 SUMMIT RD | BERKELEY | CA | 94708 | SECRETARY | 0.0 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $17,497,172 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,762,319 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $20,259,491 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $20,259,491 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $303,892 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $19,955,599 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $997,780 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $997,780 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $4,447 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4,447 | TotalTaxAmt |
| Distributable Before Adj | $993,333 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $993,333 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $993,333 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,007,541 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $1,007,541 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,007,541 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $993,333 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2018 | PriorYear1Yr |
| Prior Year2 | 2017 | PriorYear2Yr |
| Prior Year3 | 2016 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr4 | $6,878 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr2 | $17,616 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $24,494 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,007,541 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $993,333 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $14,208 | RemainingDistriFromCorpusAmt |
| Total Corpus | $38,702 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $38,702 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $6,878 | ExcessFromYear4Amt |
| Excess From Year2 | $17,616 | ExcessFromYear2Amt |
| Excess From Current Year | $14,208 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | THE FREED FOUNDATION | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 303 E WOOLBRIGHT RD 304 | AddressLine1Txt |
| City | BOYNTON BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33435 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Email Address | GETGRANTSNJNYC@GMAIL.COM | RecipientEmailAddressTxt |
| Form And Info And Materials | THE FREED FOUNDATION WILL BE ACCEPTING GRANT PROPOSALS DIGITALLY VIA EMAIL. PLEASE PROVIDE A DESCRIPTION OF YOUR ORGANIZATION, A COPY OF YOUR 501(C)(3) TAX EXEMPT LETTER, A COPY OF YOUR MOST RECENT FORM 990, AND A BUDGET FOR THE PROGRAM FOR WHICH YOU ARE REQUESTING FUNDS. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | N/A | SubmissionDeadlinesTxt |
| Restrictions On Awards | THE FREED FOUNDATION GRANTS AWARDS TO TAX-EXEMPT ORGANIZATIONS THAT DO WORK ON ISSUES ASSOCIATED WITH SCIENCE, MENTAL HEALTH AND ANIMAL WELFARE. THE FOUNDATION MAY CONSIDER GRANT AWARDS TO ORGANIZATIONS WORKING ON OTHER ISSUES. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (20 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| SEARCH AND CARE | ||||||||
| 1844 2ND AVE | NEW YORK | NY | 10128 | NONE | PC | CARING FOR THE ELDERLY IN THEIR HOMES | $30,000 | |
| TRAINING INSTITUTE FOR MENTAL HEALTH | ||||||||
| 115 WEST 27TH ST | NEW YORK | NY | 10001 | NONE | PC | TELEHEALTH SERVICES FOR TEENS AND YOUNG ADULTS | $20,000 | |
| ANIMAL MEDICAL CENTER | ||||||||
| 510 EAST 62ND ST | NEW YORK | NY | 10065 | NONE | PC | Gift of Love Campaign | $100,000 | |
| YMCA OF GREATER MONMOUTH COUNTY | ||||||||
| 170 PATTERSON AVE | SHREWSBURY | NJ | 07702 | NONE | PC | RESPONSE EFFORTS DURING COVID | $60,000 | |
| COMMUNITY HOPE INC | ||||||||
| 959 ROUTE 46 EAST | PARSIPPANY | NJ | 07054 | NONE | PC | Mental health initiative | $50,000 | STE 402 |
| CANDID | ||||||||
| 32 OLD SLIP | NEW YORK | NY | 10005 | NONE | PC | GENERAL SUPPORT | $2,500 | 24TH FLOOR |
| BIDEAWEE | ||||||||
| 410 EAST 38TH STREET | NEW YORK | NY | 10016 | NONE | PC | GENERAL SUPPORT | $50,000 | |
| NATIONAL AUDUBON SOCIETY | ||||||||
| 225 VARICK ST | NEW YORK | NY | 10014 | NONE | PC | COVID-19 RELIEF FUNDING | $30,000 | |
| CENTRA STATE HEALTHCARE | ||||||||
| 255 WILLOW BROOK ROAD 5 | FREEHOLD | NJ | 07728 | NONE | PC | TELEMEDICINE COMPUTERS | $29,250 | |
| BOCA HELPING HANDS INC | ||||||||
| 1500 NW 1ST CT | BOCA RATON | FL | 33432 | NONE | PC | EXPANSION OF COLD STORAGE FACILITY FOR FEEDING PROGRAM; RENT/UTILITY PAYMENTS FOR FAMILIES AFFECTED BY COVID | $114,015 | |
| MERLINS KIDS | ||||||||
| PO BOX 21 | MIDLAND PARK | NJ | 07432 | NONE | PC | 3 SERVICE DOGS FOR 3 SPECIAL CHILDREN | $30,000 | |
| HMH CARRIER CLINIC | ||||||||
| 252 COUNTRY ROAD | BELLE MEADE | NJ | 08502 | NONE | PC | EQUINE THERAPY PROGRAM AT THE FREED BARN | $36,000 | 601 PO BOX 147 |
| CENTRE COLLEGE | ||||||||
| 600 W WALNUT ST | DANVILLE | KY | 40422 | NONE | PC | MENTAL HEALTH COUNSELING/CENTRE HAPPINESS | $17,000 | |
| BETHESDA HOSPITAL FOUNDATION | ||||||||
| 2815 S SEACREST BLVD | BOYNTON BEACH | FL | 33435 | NONE | PC | COVID FUND | $100,000 | |
| SMART RECOVERY USA | ||||||||
| 7304 MENTOR AVE | MENTOR | OH | 44060 | NONE | PC | SMART RECOVERY EN ESPANOL | $19,668 | SUITE F |
| WOODSTOCK FARM SANCTUARY | ||||||||
| 2 RESCUE ROAD | HIGHFALLS | NY | 12440 | NONE | PC | GENERAL SUPPORT RELIEF DUE TO COVID-19 | $20,000 | |
| NORTH SHORE ANIMAL LEAGUE AMERICA | ||||||||
| 16 LEWYT ST | PORT WASHINGTON | NY | 11050 | NONE | PC | COVID-19 RELIEF EFFORTS/ZIGGY'S FUND | $50,000 | |
| MONMOUTH UNIVERSITY HONORS SCHOOL | ||||||||
| 400 CEDAR AVE | WEST LONG BRANCH | NJ | 07764 | NONE | PC | ACADEMIC AWARDS/SUPPORT FOR UNDERGRADUATE RESEARCH AND CREATIVE PROJECTS | $25,000 | |
| FAMILY CONNECTIONS | ||||||||
| 395 SOUTH CENTER ST | ORANGE | NJ | 07050 | NONE | PC | MENTAL HEALTH/SUBSTANCE ABUSE COUNSELOR BLOOMFIELD HIGH SCHOOL | $75,000 | |
| FILIPINO AMERICAN COMMUNITY & DEVELOPMENT CENTER | ||||||||
| 651 ROUTE 37 WEST | TOMS RIVER | NJ | 08755 | NONE | PC | COVID RELIEF FOR MEMBERS | $20,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $878,433 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $392,392 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$2,965 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $389,427 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $389,427 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Depreciation Schedule DepreciationSchedule
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $12,332,188 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $18,870,465 | USGovtObligationsEOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| OPFFICE EXPENSES | $105 | $105 |
| MEALS | $31 | $31 |
| BANK CHARGES | $265 | $265 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INVESTMENT INCOME - WELLS FARGO | Desc |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PAYROLL LIABILITIES | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $7,385 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $27,743 | Amt |
| Net Investment Income | $27,743 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PAYROLL TAXES | $5,800 | $1,450 | $4,350 |
| FOREIGN TAX | $5,844 | $5,844 | |
| FEDERAL TAX | $16,710 |
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