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← FREER RECORDS INC

Form 990 for tax year 2024

Filed by FREER RECORDS INC.

Totals

Total revenue
$159,647
Total expenses
$199,998
Contributions and grants received
$134,598
Grants paid
$0
Program service revenue
$0
Investment income
$19,275
Other revenue
$5,774
Total assets, end of year
$126,471
Total liabilities, end of year
$6,680
Net assets or fund balances, end of year
$119,791
Program services expenses (Part IX)
$199,998
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$199,998

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $134,598

  • 3 · Investment income

    total $19,275 · related or exempt $19,275

  • 11a · Other revenue: MERCHANDISE SALES

    total $2,173 · related or exempt $2,173

  • 11b · Other revenue: MUSIC SALES

    total $1,573 · related or exempt $1,573

  • 11c · Other revenue: BANDCAMP SALES

    total $1,328 · related or exempt $1,328

  • 11d · All other revenue

    total $700 · related or exempt $700

  • 11e · Other revenue, total

    $5,774

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $80,189 · program services $80,189

  • 7 · Other salaries and wages

    total $15,881 · program services $15,881

  • 10 · Payroll taxes

    total $32,181 · program services $32,181

  • 11c · Fees: accounting

    total $2,955 · program services $2,955

  • 11g · Fees: other

    total $30,693 · program services $30,693

  • 13 · Office expenses

    total $723 · program services $723

  • 14 · Information technology

    total $596 · program services $596

  • 16 · Occupancy

    total $1,898 · program services $1,898

  • 17 · Travel

    total $1,194 · program services $1,194

  • 19 · Conferences, conventions and meetings

    total $250 · program services $250

  • 23 · Insurance

    total $2,329 · program services $2,329

  • 24a · Other expenses: EQUIPMENT

    total $7,540 · program services $7,540

  • 24b · Other expenses: PROGRAM EXPENSES

    total $6,456 · program services $6,456

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $4,645 · program services $4,645

  • 24d · Other expenses: COMPUTER HARDWARE/SOFTWAR

    total $4,094 · program services $4,094

  • 24e · All other expenses

    total $8,374 · program services $8,374

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $107,016 · end of year $27,002

  • 2 · Savings and temporary cash investments

    beginning of year $60,015 · end of year $99,469

  • 25 · Other liabilities

    beginning of year $6,889 · end of year $6,680

  • 27 · Net assets without donor restrictions

    beginning of year $137,142 · end of year $119,791

  • 28 · Net assets with donor restrictions

    beginning of year $23,000

Mission and programs · 2024

Mission

TO BUILD THE CAREERS OF PRISON-IMPACTED MUSICIANS SO THEIR WORK IS WIDELY HEARD, UNCENSORED, AND UPHOLDING OF THEIR HUMANITY.

Activities or mission (Part I)

TO PROVIDE CURRENTLY AND FORMERLY INCARCERATED ARTISTS A PLATFORM FOR THEIR WORK TO BE PRODUCED THROUGH HIGH QUALITY MULTIMEDIA ART FORMATS.

  • TO DISMANTLE STEREOTYPES AROUND RACE AND PRISON IN AMERICA BY AMPLIFYING THE VOICES OF PRISON-IMPACTED MUSICIANS AND ARTISTS.

    Expenses $149,998

  • HELD VISUAL ART EXHIBIT DISPLAYING 50 ARTWORKS FROM THE FIRST ELEVEN YEARS OF THE ORGANIZATION.

    Expenses $5,000 · Revenue $2,092

  • PRODUCED THREE ALBUMS AND 10 SINGLES FROM FORMERLY AND CURRENTLY INCARCERATED MUSICIANS ACROSS THE UNITED STATES.

    Expenses $45,000 · Revenue $5,774

As filed on the 2024 return.

Listed in Part VII

  • Fury Young

    PRESIDENT

    Total calculated
    $34,834
    From this org
    $34,834
    From related orgs
    $0
    Other
    $0
    Hours/week
    34
  • Monique Mull

    CO EXEC DIRE

    Total calculated
    $45,356
    From this org
    $45,356
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Eddie Berg

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Michael Lawrence

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Eric Borsuk

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Amy Holmes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Ayana Evans

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Will Rothschild

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
28 January 2025
IRS schema version
2024v5.0
Source object
202531149349300713

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