FREED FOUNDATION INC: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- FREED FOUNDATION INC (EIN 52-6047591)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-05-02
- IRS object ID
- 201811229349100636
- Schema version
- 2017v2.3
- 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 Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Other Assets Schedule
- 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 | 2018-05-02T15:44:40-05:00 | ReturnTs |
| Tax Period End | 2017-12-31 | 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 | 2017-01-01 | 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 Suite 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 | PRESIDENT | PersonTitleTxt |
| Phone | 2125208399 | PhoneNum |
| Signature | 2018-05-15 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TED NAPPI CPA | PreparerPersonNm |
| PTIN | P01029666 | PTIN |
| Phone | 7328423113 | PhoneNum |
| Preparation | 2018-03-26 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $20,371,368 | 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 |
| Dividends Rev And Expnss | $523,835 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $523,835 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$1,587 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $615,830 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $17,801 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $17,801 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $540,049 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $541,636 | 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 | $9,868 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $2,467 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $7,401 | PensionEmplBnftDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $39,495 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $9,874 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $29,621 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $30,414 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $30,414 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $21,491 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $6,748 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $5,500 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $42,371 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $42,371 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $23 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $23 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $5,902 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $415 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $269,564 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $79,503 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $175,331 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $525,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $525,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $794,564 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $79,503 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $700,331 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$254,515 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $462,133 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,541,363 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,454,058 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,454,058 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $2,030,663 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $1,453,255 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,421,297 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $2,215,300 | CorporateStockBOYAmt |
| Corporate Stock EOY | $4,315,142 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $4,448,174 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $2,358,860 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $2,594,991 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $2,624,113 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $8,606,320 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $6,666,310 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $10,401,884 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $22,377 | OtherAssetsBOYAmt |
| Other Assets EOY | $21,842 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $21,842 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $16,774,883 | TotalAssetsBOYAmt |
| Total Assets EOY | $16,505,598 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $20,371,368 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $21,323 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $4,410 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $2,143 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $21,323 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $6,553 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $16,753,560 | CapitalStockBOYAmt |
| Capital Stock EOY | $16,499,045 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $16,753,560 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $16,499,045 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $16,774,883 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $16,505,598 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $16,753,560 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$254,515 | ExcessRevenueOverExpensesAmt |
| Subtotal | $16,499,045 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $16,499,045 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (21 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| WALGREEN BOOTS ALLIANCE SR UNSECURED | P | 2016-08-26 | 2017-06-05 | $68,680 | $70,222 | -$1,542 | -$1,542 |
| FHLMC GOLD PASS THRU POOL GO5741 DTD 11/01/09 | P | $36,786 | $36,786 | ||||
| FHLMC GOLD PASS THRU POOL G14262 DTD 10/01/11 | P | $30,634 | $30,634 | ||||
| FNMA PASS THRU POOL G13790 DTD 03/01/10 | P | $25,250 | $25,250 | ||||
| FNMA PASS THRU POOL AH0943 DTD 12/01/10 | P | $26,144 | $26,144 | ||||
| FNMA PASS THRU POOL AJ9332 DTD 01/01/12 | P | $7,915 | $7,915 | ||||
| FNMA PASS THRU POOL AL5224 DTD 04/01/14 | P | $24,123 | $24,123 | ||||
| FNMA PASS THRU POOL AL7056 DTD 07/01/15 | P | $48,744 | $48,744 | ||||
| FNMA PASS THRU POOL AL7306 DTD 08/01/15 | P | $9,704 | $9,704 | ||||
| FNMA PASS THRU POOL AL8174 DTD 02/01/16 | $9,986 | $9,986 | |||||
| FNMA PASS THRU POOL AL8353 DTD 04/01/16 | $9,092 | $9,092 | |||||
| FNMA PASS THRU POOL AL8743 DTD 06/01/16 | $6,334 | $6,334 | |||||
| FNMA PASS THRU POOL AS6752 DTD 02/01/16 | $4,844 | $4,844 | |||||
| FNMA PASS THRU POOL AC3032 DTD 10/01/09 | $7,154 | $7,154 | |||||
| HENDERSON GLOBAL FDS EUROPEAN FOCUS FD | 2016-04-07 | 2017-01-19 | $47,885 | $49,000 | -$1,115 | -$1,115 | |
| ARTISAN FUNDS ARTISAN INTERNATIONAL FD | 2014-02-28 | 2017-01-19 | $57,159 | $64,083 | -$6,924 | -$6,924 | |
| CEDAR RLTY TR INC PDF 7.25% | 2014-06-04 | 2017-08-16 | $4,832 | $4,750 | $82 | $82 | |
| CEDAR RLTY TR INC PFD 7.25% | 2014-06-04 | 2017-09-15 | $9,548 | $9,500 | $48 | $48 | |
| LORD ABBETT DEVELOPING GROWTH FUND | 2014-02-19 | 2017-01-19 | $42,110 | $57,800 | -$15,690 | -$15,690 | |
| MORGAN STANLEY INSTL FRONTIER EMERGING MKTS | 2014-07-03 | 2017-01-19 | $33,553 | $40,024 | -$6,471 | -$6,471 | |
| SPDR DJ WILSHIRE ETF INTL REAL ESTATE | 2014-03-04 | 2017-01-19 | $67,387 | $75,328 | -$7,941 | -$7,941 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$1,587 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,158,339 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $18,979,598 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.061031 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,026,788 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $19,514,034 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.052618 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,034,091 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $20,273,066 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.051008 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $902,119 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $19,598,220 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.046031 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $982,561 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $18,655,467 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.052669 | DistributionYr5Rt |
| Total Distribution | 0.263357 | TotalDistributionRt |
| Average Distribution | 0.052671 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $19,542,324 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,029,314 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $4,621 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,033,935 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $700,331 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $9,243 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $9,243 | SubtotalAmt |
| Tax Based On Investment Income | $9,243 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $7,100 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $7,100 | TotalPaymentsAndCreditsAmt |
| Tax Due | $2,143 | TaxDueAmt |
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 (3 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 | PRESIDENT | 35.0 | $120,000 | $0 | $9,868 |
| NICHOLAS J DOTOLI | ||||||||
| 110 WHITE ROCK ROAD | VERONA | NJ | 07044 | BOARD MEMBER | 0 | $0 | $0 | $0 |
| WILLIAM P MITCHELL | ||||||||
| 8520 NW 14TH STREET | PLANTATION | FL | 33322 | BOARD MEMBER | 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 | $18,319,979 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,495,312 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $24,632 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $19,839,923 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $19,839,923 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $297,599 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $19,542,324 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $977,116 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $977,116 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $9,243 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $9,243 | TotalTaxAmt |
| Distributable Before Adj | $967,873 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $967,873 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $967,873 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $700,331 | 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 | $700,331 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $700,331 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $967,873 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2015 | PriorYear1Yr |
| Prior Year2 | 2014 | PriorYear2Yr |
| Prior Year3 | 2013 | PriorYear3Yr |
| Excess Distribution Cyov Yr5 | $61,144 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr3 | $37,621 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $61,274 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $219,371 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $379,410 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $700,331 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $700,331 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $267,542 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $267,542 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $111,868 | TotalCorpusAmt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $111,868 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $111,868 | ExcessFromYear1Amt |
| 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 Phone | 2125208399 | RecipientPhoneNum |
| Form And Info And Materials | THE FREED FOUNDATION WILL NO LONGER BEING ACCEPTING GRANT PROPOSALS. | 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, HEALTH, NATURE, ANIMAL WELFARE. THE FOUNDATION MAY CONSIDER GRANT AWARDS TO ORGANIZATIONS WORKING ON OTHER ISSUES. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| SEARCH AND CARE | |||||||
| 1844 2ND AVE | NEW YORK | NY | 10128 | NONE | PC | MENTAL HEALTH PROGRAMS - ELDERLY HOMEBOUND | $30,000 |
| BOYS CLUB OF NEW YORK | |||||||
| 287 EAST 10TH STREET | NEW YORK | NY | 10009 | NONE | PC | MENTAL HEALTH PROGRAM AT RISK YOUTH | $75,000 |
| ANIMAL AID INC | |||||||
| 571 NE 44TH STREET | OAKLAND PARK | FL | 33334 | NONE | PC | X RAY MACHINE AND MEDICAL BANK | $40,000 |
| NORTH SHORE ANIMAL LEAGUE | |||||||
| 16 LEWYT STREET | PORT WASHINGTON | NY | 11050 | NONE | PC | HURRICANE HARVEY ANIMAL RESCUE WITH FREED TRUCK | $50,000 |
| GARDEN STATE EQUALITY | |||||||
| 40 S FULLERTON AVE | MONTCLAIR | NJ | 07042 | NONE | PC | ANTI-BULLYING LGBT | $25,000 |
| FILIPINO AMERICAN COMMUNITY CENTER INC | |||||||
| 9 MULE ROAD STE E-15 | TOMS RIVER | NJ | 08755 | NONE | PC | CHRISTMAS AND CULTURAL PROGRAMS FOR KIDS | $20,000 |
| SOUTH FLORIDA SPCA | |||||||
| PO BOX 924088 | HOMESTEAD | FL | 33092 | NONE | PC | HURRICANE RELEF | $50,000 |
| BOCA HELPING HANDS | |||||||
| 671 NE 44TH STREET | OAKLAND PARK | FL | 33334 | NONE | PC | JOB TRAINING AND FOOD PANTRY | $50,000 |
| PUPPIES BEHIND BARS | |||||||
| 263 WEST 38TH STREET 4 FLOOR | NEW YORK | NY | 10018 | NONE | PC | TEAM TRAINERS / DOG TAGS PROGRAM | $25,000 |
| BROOKLYN COLLEGE | |||||||
| 2900 BEDFORD AVE | BROOKLYN | NY | 11210 | NONE | PC | FREED FOUNDATION ANTHROPOLOGY SCHOLARSHIP | $25,000 |
| BIDEAWEE | |||||||
| 410 EAST 38TH STREET | NEW YORK | NY | 10016 | NONE | PC | CAPITAL CAMPAIGN | $25,000 |
| ADIRONDACK CENTER FOR LOON CONSERVATION | |||||||
| PO BOX 196 | RAY BROOK | NY | 12977 | NONE | PC | GENERAL SUPPORT | $75,000 |
| CLUBHOUSE INTERNATIONAL | |||||||
| 483 10TH AVE SUITE 525 | NEW YORK | NY | 10018 | NONE | PC | STAFF AND MEMBERS TRAINING | $10,000 |
| LIBERTY HUMANE SOCIETY | |||||||
| 235 JERSEY CITY BLVD | JERSEY CITY | NJ | 07305 | NONE | PC | CAPITAL IMPROVEMENTS | $25,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $525,000 | 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 | $523,835 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 01 | ExclusionCd |
| Exclusion | $17,801 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$1,587 | 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 | $540,049 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $540,049 | 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 Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | WELLS FARGO - BONDS | BondNm |
| EOY Book Value | $2,594,991 | EOYBookValueAmt |
| EOYFMV | $2,624,113 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | WELLS FARGO - SECURITIES | StockNm |
| EOY Book Value | $4,315,142 | EOYBookValueAmt |
| EOYFMV | $4,448,174 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $1,149,718 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $1,097,854 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $303,537 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $323,443 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| FIDELITY - MUTUAL FUNDS | FMV | ||
| WELLS FARGO - MUTUAL FUNDS | FMV | $6,666,310 | $10,401,884 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PREPAID EXPENSES | $7,100 | $10,000 | $10,000 |
| ACCRUED INTEREST | $15,277 | $11,842 | $11,842 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| MISCELLANEOUS EXPENSES | $5,487 | |
| OPFFICE EXPENSES | $415 | $415 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INVESTMENT INCOME - WELLS FARGO | Desc |
| Revenue And Expenses Per Books | $17,801 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $17,801 | NetInvestmentIncomeAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FEDERAL EXCISE TAX | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $2,143 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $30,414 | Amt |
| Net Investment Income | $30,414 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| PAYROLL TAXES | $5,500 | $5,500 | |
| FOREIGN TAX | $6,748 | $6,748 | |
| FEDERAL TAX | $9,243 |
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