Freedom Academy Inc in Kendallville, Indiana (IN)

Organization representatives - add corrected or new information about Freedom Academy Inc »

Non-representatives - add comments about Freedom Academy Inc»

Freedom Academy Inc
Employer Identification Number (EIN)351935362
Name of OrganizationFreedom Academy Inc
In Care of NameDekko Foundation Inc
AddressPO BOX 515, Kendallville, IN 46755-0515
ActivitiesPrivate school
SubsectionEducational Organization
Ruling Date04/1995
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$409,444
Amount of Income$670,993
Form 990 Revenue Amount$670,993
National Taxonomy of Exempt Entities (NTEE)Employment, Job-Related: Vocational Training


Non-representatives - add comments:


CAPTCHA

Your IP address 54.82.50.90 will be logged.

Amount of income in 2013: $670,993 (it was $545,456 in 2012)
Freedom Academy Inc: 

 $670,993
Other organizations performing similar types of work: 

 $1,817,828

Assets in 2013: $409,444 (it was $332,516 in 2012)
This organization: 

 $409,444
Other organizations performing similar types of work: 

 $1,666,251

Expenses in 2013: $625,723
This organization: 

 $625,723
Other organizations performing similar types of work: 

 $1,731,649

Income to expenses ratio in 2013: 1.1
Freedom Academy Inc: 

 1.1
Other organizations performing similar types of work: 

 1.1

Number of employees in 2013: 6
Freedom Academy Inc: 

 6
Other organizations performing similar types of work: 

 24

Grants share in income in 2013: 37.3%
This organization: 

 37.3%
Other organizations performing similar types of work: 

 8.6%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?NoNo
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?YesYes
Did the organization report an amount for other liabilities?NoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?YesYes
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?YesYes
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10962622
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return86
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$81,579$83,987
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$13,824$14,037
Total number of individuals who received more than $100,000 of reportable compensation from the organization00
Total number of independent contractors who received more than $100,000 of compensation from the organization00
Statement of Revenue
201120122013
Total revenue$573,318$545,456$670,993
Contributions, Gifts, Grants and Other Similar Amounts$255,600$250,000$250,025
Program Service Revenue$307,912$287,536$413,475
611600$244,684$386,212
611600$36,039$22,763
Educational Support Services$6,813$4,500
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$4,904$4,738$3,983
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$4,902$3,182$3,510
Gross amount from sales of assets other than inventory (Securities / Other)$4,902 / $0$3,182 / $0$3,510 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0$0 / $0$0 / $0
Gain or (loss) (Securities / Other)$4,902 / $0$3,182 / $0$3,510 / $0
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$0$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$605,679$601,356$625,723
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$11,231$6,138
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$78,855$81,579$83,987
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$173,731$270,648$142,807
Pension plan accruals and contributions$17,113$16,204
Other employee benefits$29,311$28,548
Payroll taxes$18,533$18,953$16,236
Fees for services (non-employees)
Management$1,669$1,925
Legal$750$0
Accounting$0$0
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$0$0
Other$0$185,197
Advertising and promotion$17,599$14,109
Office expenses$11,466$11,084
Information technology$14,638$10,425
Royalties$0$0
Occupancy$23,663$23,675
Travel$12,086$9,687
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$1,274$1,413
Interest$465$18
Payments to affiliates$0$0
Depreciation, depletion, and amortization$0$0
Insurance$10,015$6,450
Other expenses$50,638$27,369
Other expenses$10,541$13,077
Other expenses$6,779$14,831
Other expenses$2,306$2,298
Other expenses$8,632$10,245
Balance Sheet
201120122013
Total assets$350,670$332,516$409,444
Cash - non-interest-bearing$198$198
Savings and temporary cash investments$144,776$191,305
Pledges and grants receivable, net$0$0
Accounts receivable, net$51,339$63,153
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$0$0
Land, buildings, and equipment: cost or other basis$0$0
Investments - publicly traded securities$0$0
Investments - other securities$0$0
Investments - program-related$0$0
Intangible assets$0$0
Other assets$136,203$154,788
Total liabilities$8,364$37,559$55,898
Accounts payable and accrued expenses$22,559$55,898
Grants payable$0$0
Deferred revenue$0$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$15,000$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0
Total net assets or fund balances$342,306$294,957$353,546
Unrestricted net assets$0$0
Temporarily restricted net assets$0$0
Permanently restricted net assets$0$0
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$342,306$294,957$353,546
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Freedom Academy Inc to others? (optional)
  
Add photo of Freedom Academy Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Carpenters International Training Fund4500 S 129th East Ave Ste 125, Tulsa, OK 74134-5959OK1990-09$74,242,387
2National Elevator Industry Educational Program11 Larsen Way, Attleboro Fls, MA 02763-1068MA1968-10$72,477,381
3Mexican American Opportunity Foundation401 N Garfield Ave, Montebello, CA 90640-2901CA1963-12$63,942,998
4Pipe Fitters Training Fund, State Street Bank & Trust Co10850 187th St, Mokena, IL 60448-7759IL1941-01$63,249,957
5Southwest Carpenters Training Fund533 S Fremont Ave, Los Angeles, CA 90071-1712CA1964-04$42,419,903
6Uaw Chrysler Skill Development & Training Program2211 E Jefferson, Detroit, MI 48207-4160MI1986-11$36,407,214
7Uaw-Ford National Development & Training CenterOne American Road Ste 727e2, Dearborn, MI 48126-2701MI1983-10$33,741,548
8Laborers Training And Re-Training Trust Fund For Southern California1640 S Loop Rd, Alameda, CA 94502-7089CA1971-01$32,367,403
9W E Upjohn Unemployment Trustee Corporation300 S Westnedge Ave, Kalamazoo, MI 49007-4630MI1933-03$32,141,925
10Chicago Regional Council Of Carpenters Apprentice And Trainee1256 Estes Ave, Elk Grove Vlg, IL 60007-5402IL1966-01$27,158,852
11New England Carpenters Training Fund13 Holman Rd, Millbury, MA 01527-2042MA1983-10$26,519,938
12Edison Welding Institute Inc1250 Arthur E Adams Dr, Columbus, OH 43221-3585OH1985-04$23,433,153
13International Union Of Oper Engrs & Pipe Line Cont Assn Natl Pl Trq Fu1125 17th St N W, Washington, DC 20036-4709DC1993-07$23,396,849
14Rlcb Inc2701 Noblin Rd, Raleigh, NC 27604-3238NC1967-11$21,936,464
15Mm&p Maritime Advancement Training Ed & Safety Program692 Maritime Blvd, Linthicum Hts, MD 21090-1952MD1990-08$17,440,122
16Operating Engineers Local 150 Apprenticeship Fund6150 Joliet Rd, Countryside, IL 60525-3956IL1970-05$16,946,970
17Plumbers & Steam Fitters Educational Trust Fund8707 E Milner Ave, Terre Haute, IN 47803-9796IN1960-02$2,193,729
18Indiana Plan For Equal Employment Inc3530 S Rural St, Indianapolis, IN 46237-1128IN1972-04$449,232
19Lafayette Electrical Joint Apprenticeship And Training TrustPO BOX 5015, Lafayette, IN 47903-5015IN1996-10$270,217
20Freedom Academy IncPO BOX 515, Kendallville, IN 46755-0515IN1995-04$670,993
Number of organizations performing similar types of work
Alaska6
Alabama2
Arkansas3
Arizona3
California38
Colorado3
Connecticut3
District of Columbia6
Delaware1
Florida12
Georgia5
Hawaii5
Iowa2
Illinois14
Indiana6
Kansas1
Kentucky1
Louisiana2
Massachusetts9
Maryland3
Maine2
Michigan11
Minnesota3
Missouri10
Mississippi1
Montana2
North Carolina2
Nebraska1
New Jersey5
New Mexico1
Nevada4
New York17
Ohio8
Oklahoma3
Oregon12
Pennsylvania13
Rhode Island1
Tennessee1
Texas10
Utah1
Virginia5
Washington7
Wisconsin7
West Virginia2
International1
Total255

faqs.org is not associated with, endorsed by, or sponsored by Freedom Academy Inc and has no official or unofficial affiliation with Freedom Academy Inc