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Nonprofiteer
← FREEDOMS PROMISE INC

Form 990 for tax year 2022

Filed by FREEDOMS PROMISE INC.

Totals

Total revenue
$1,758,657
Total expenses
$902,503
Contributions and grants received
$1,747,933
Grants paid
$365,162
Program service revenue
$0
Investment income
$613
Other revenue
$10,111
Total assets, end of year
$2,013,283
Total liabilities, end of year
$11,827
Net assets or fund balances, end of year
$2,001,456
Program services expenses (Part IX)
$715,861
Management and general expenses
$105,034
Fundraising expenses
$81,608
Program service expenses (Part III)
$715,861

Program services were 79.3% 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.

  • 1c · Fundraising events

    $372,341

  • 1f · All other contributions, gifts and grants

    $1,375,592

  • 3 · Investment income

    total $613 · excluded $613

  • 8a · Fundraising events: gross income

    $77,887

  • 8a · Fundraising events: contributions included on line 1c

    $372,341

  • 8b · Fundraising events: direct expenses

    $68,445

  • 8c · Net income from fundraising events

    total $9,442

  • 11a · Other revenue: OTHER REVENUE

    total $669 · related or exempt $669

  • 11e · Other revenue, total

    $669

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $365,162 · program services $365,162

  • 7 · Other salaries and wages

    total $292,702 · program services $196,111 · management and general $38,051 · fundraising $58,540

  • 9 · Other employee benefits

    total $16,925 · program services $11,340 · management and general $2,200 · fundraising $3,385

  • 10 · Payroll taxes

    total $21,571 · program services $14,453 · management and general $2,804 · fundraising $4,314

  • 11c · Fees: accounting

    total $22,300 · program services $11,150 · management and general $11,150

  • 11g · Fees: other

    total $15,238 · program services $7,619 · management and general $7,619

  • 12 · Advertising and promotion

    total $27,626 · program services $23,482 · management and general $1,381 · fundraising $2,763

  • 13 · Office expenses

    total $4,830 · program services $2,415 · management and general $2,415

  • 14 · Information technology

    total $7,572 · program services $3,786 · management and general $3,786

  • 16 · Occupancy

    total $16,168 · program services $8,084 · management and general $8,084

  • 17 · Travel

    total $56,157 · program services $33,695 · management and general $11,231 · fundraising $11,231

  • 22 · Depreciation, depletion and amortization

    total $946 · program services $473 · management and general $473

  • 23 · Insurance

    total $2,892 · program services $1,446 · management and general $1,446

  • 24a · Other expenses: MISCELLANEOUS

    total $18,401 · program services $13,801 · management and general $3,680 · fundraising $920

  • 24b · Other expenses: BANK CHARGES

    total $13,991 · program services $6,995 · management and general $6,996

  • 24c · Other expenses: MEALS

    total $13,497 · program services $12,587 · management and general $455 · fundraising $455

  • 24d · Other expenses: TRAINING AND PROF DEVELOP

    total $6,525 · program services $3,262 · management and general $3,263

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $733,233 · end of year $999,417

  • 2 · Savings and temporary cash investments

    beginning of year $244,375 · end of year $244,962

  • 3 · Pledges and grants receivable

    beginning of year $21,128 · end of year $512,506

  • 8 · Inventories for sale or use

    beginning of year $21,251 · end of year $7,985

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,851 · end of year $8,956

  • 10a · Land, buildings and equipment: cost or other basis

    $133,269

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,177

  • 10c · Land, buildings and equipment, net

    beginning of year $1,398 · end of year $126,092

  • 11 · Investments: publicly traded securities

    beginning of year $137,599 · end of year $113,365

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,491 · end of year $11,827

  • 27 · Net assets without donor restrictions

    beginning of year $774,699 · end of year $629,279

  • 28 · Net assets with donor restrictions

    beginning of year $388,645 · end of year $1,372,177

Mission and programs · 2022

Mission

FREEDOM'S PROMISE EXISTS TO BRING FREEDOM TO THE OPPRESSED BY DEMONSTRATING THE LOVE OF JESUS CHRIST, PREVENTING HUMAN TRAFFICKING AND RESTORING COMMUNITIES.

  • BRIDGE OF HOPE - BRIDGE OF HOPE IS A MINISTRY OF FREEDOM'S PROMISE WITH THE PRIMARY MISSION OF BRINGING HOPE AND EMPOWERING THE COMMUNITY, ESPECIALLY AT-RISK CHILDREN AND YOUTH, THROUGH A HOLISTIC APPROACH. CURRENT OUTREACHES INCLUDE: SEND-A-CHILD-TO-SCHOOL SPONSORSHIP PROGRAM, SUPPLEMENTAL CLASSES AND SAFE HAVEN FOR CHILDREN, AND COMMUNITY HEALTH BENEVOLENCE.

    Expenses $130,524 · Grants $90,896

  • HOPE AND GRACE SEWING CENTER - IS A VOCATIONAL TRAINING CENTER. THIS SEWING CENTER EXISTS TO PROVIDE SEWING SKILLS FOR VULNERABLE WOMEN, INCREASE FAIR WAGE EMPLOYMENT OPPORTUNITIES FOR THE LOCAL COMMUNITY, AND MINIMIZE THE RATE OF MIGRATION AND ITS ASSOCIATED RISKS.

    Expenses $69,534 · Grants $27,417

  • RIVER OF LIFE - A PROGRAM WORKING IN MYANMAR WHERE TRAFFICKING RATES ARE HIGH DUE TO INSTABILITY. PROGRAM IS FOCUSED ON COMMUNITY DEVELOPMENT.

    Expenses $69,293 · Grants $38,101

  • OTHER PROGRAM SERVICES PRIMARILY RELATE TO EFFORTS TO PROVIDE EDUCATION, HUMANITARIAN AID, COMMUNITY OUTREACH AND JOB TRAINING FOR THOSE AT RISK OF HUMAN TRAFFICKING THROUGHOUT VARIOUS PROVINCES IN CAMBODIA AND MYANMAR.

    Expenses $446,510 · Grants $208,748

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tiffany Atkinson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40
  • Jk Simms

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • David Sadler

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Jessica Harthcock

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Kent Hammerstrom

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Amber Cunningham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paula Swift

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joanne Russell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ashley Dill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kara Hobbs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nanette Beebe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Phoy Huy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Carley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steve West

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jen Sievertsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • FREEDOM'S PROMISE FAIR TRADE LLC

    RETAIL · TN · income $4,238 · assets $15,242

Provenance

Return type
form_990
Tax year
2022
Filed
12 June 2023
IRS schema version
2022v5.0
Source object
202331669349300228

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