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Nonprofiteer
← DFREE GLOBAL FOUNDATION INC

Form 990 for tax year 2024

Filed by DFREE GLOBAL FOUNDATION INC.

Totals

Total revenue
$494,548
Total expenses
$676,369
Contributions and grants received
$488,787
Grants paid
$0
Program service revenue
$5,756
Investment income
$5
Other revenue
$0
Total assets, end of year
$71,695
Total liabilities, end of year
$165,459
Net assets or fund balances, end of year
-$93,764
Program services expenses (Part IX)
$575,856
Management and general expenses
$100,513
Fundraising expenses
$0
Program service expenses (Part III)
$575,856

Program services were 85.1% 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

    $488,787

  • 2a · Program service revenue: PROGRAM FEES

    total $5,756 · related or exempt $5,756

  • 3 · Investment income

    total $5 · excluded $5

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $32,500 · management and general $32,500

  • 13 · Office expenses

    total $44,977 · program services $36,063 · management and general $8,914

  • 16 · Occupancy

    total $36,000 · program services $28,798 · management and general $7,202

  • 17 · Travel

    total $13,797 · program services $13,797

  • 22 · Depreciation, depletion and amortization

    total $20,077 · program services $16,062 · management and general $4,015

  • 23 · Insurance

    total $11,212 · program services $8,970 · management and general $2,242

  • 24a · Other expenses: CONSULTANTS

    total $125,710 · program services $125,710

  • 24b · Other expenses: WEBSITE MAINTENANCE

    total $122,223 · program services $97,776 · management and general $24,447

  • 24c · Other expenses: LEASED EMPLOYEES

    total $88,940 · program services $71,167 · management and general $17,773

  • 24d · Other expenses: PROGRAM/EVENT EXPENSES

    total $70,894 · program services $70,894

  • 24e · All other expenses

    total $110,039 · program services $106,619 · management and general $3,420

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $104,660 · end of year $17,506

  • 2 · Savings and temporary cash investments

    beginning of year $2,978

  • 4 · Accounts receivable

    end of year $2,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,095

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

    $195,974

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

    $143,785

  • 10c · Land, buildings and equipment, net

    beginning of year $72,266 · end of year $52,189

  • 17 · Accounts payable and accrued expenses

    beginning of year $85,942 · end of year $155,459

  • 25 · Other liabilities

    beginning of year $10,000 · end of year $10,000

  • 27 · Net assets without donor restrictions

    beginning of year $23,196 · end of year -$93,764

  • 28 · Net assets with donor restrictions

    beginning of year $64,861

Mission and programs · 2024

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE AND EDUCATE THE PUBLIC ABOUT FINANCIAL LITERACY. THE D-FREE PROGRAM'S PURPOSE IS TO MOTIVATE INDIVIDUALS THAT ARE IN FINANCIAL CRISIS TO LEAD A DEBT-FREE LIFE. THE ORGANIZATION PROVIDES GUIDANCE AND FINANCIAL COUNSELING USING THE "D-FREE" LIVING STRATEGY.

  • THE ORGANIZATION SUPPORTS A GRASS ROOTS STRATEGY CALLED "DFREE" LIVING THAT EDUCATES PEOPLE ABOUT FINANCIAL LITERACY. THE INDIVIDUALS RECEIVE FINANCIAL COUNSELING AND GUIDANCE THROUGH EDUCATION, LECTURES AND MATERIALS.

    Expenses $575,856 · Revenue $5,756

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Leslie Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Rev Dr Danielle Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Cayla Cousins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Adanna Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Trevor Hyde

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • Rev Dr Deforest B Soaries Jr

    CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Scott Jeffery

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Rev Trevor Hyde Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Vaughn McKoy

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Martin Soaries

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Janeen Uzzell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Rev Dr Darryl K Webster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5
  • Tracey Wingo-Campbell

    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
17 April 2025
IRS schema version
2024v5.0
Source object
202533219349328778

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