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Nonprofiteer
← FREEDOMS FOUNDATION AT VALLEY FORGE

Form 990 for tax year 2023

Filed by FREEDOMS FOUNDATION AT VALLEY FORGE.

Totals

Total revenue
$2,027,484
Total expenses
$3,078,126
Contributions and grants received
$913,772
Grants paid
$0
Program service revenue
$768,163
Investment income
$275,476
Other revenue
$70,073
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$2,292,371
Management and general expenses
$260,047
Fundraising expenses
$525,708
Program service expenses (Part III)
$2,292,371

Program services were 74.5% 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.

  • 1e · Government grants (contributions)

    $101,544

  • 1f · All other contributions, gifts and grants

    $812,228

  • 1g · Noncash contributions included above

    $9,850

  • 2a · Program service revenue: EDUCATIONAL

    total $768,163 · related or exempt $768,163

  • 3 · Investment income

    total $236,734 · excluded $236,734

  • 6a · Gross rents

    real property $44,253

  • 6b · Less rental expenses

    real property $5,376

  • 6c · Rental income or loss

    real property $38,877

  • 6d · Net rental income or loss

    total $38,877 · excluded $38,877

  • 7a · Gross sales of assets other than inventory

    securities $1,856,824 · other assets $76,465

  • 7b · Less cost or other basis and sales expenses

    securities $1,810,283 · other assets $84,264

  • 7c · Gain or loss

    securities $46,541 · other assets -$7,799

  • 7d · Net gain or loss

    total $38,742 · excluded $38,742

  • 10a · Gross sales of inventory

    $10,602

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $10,602 · excluded $10,602

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $19,485 · excluded $19,485

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $1,109 · excluded $1,109

  • 11e · Other revenue, total

    $20,594

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $351,827 · program services $228,687 · management and general $35,183 · fundraising $87,957

  • 7 · Other salaries and wages

    total $779,208 · program services $478,576 · management and general $36,892 · fundraising $263,740

  • 8 · Pension plan contributions

    total $50,110 · program services $37,321 · management and general $2,946 · fundraising $9,843

  • 9 · Other employee benefits

    total $106,217 · program services $76,857 · management and general $7,224 · fundraising $22,136

  • 10 · Payroll taxes

    total $84,025 · program services $51,607 · management and general $3,978 · fundraising $28,440

  • 11c · Fees: accounting

    total $85,256 · program services $41,638 · management and general $40,177 · fundraising $3,441

  • 11f · Fees: investment management

    total $44,420 · management and general $44,420

  • 11g · Fees: other

    total $246,339 · program services $236,128 · management and general $1,874 · fundraising $8,337

  • 12 · Advertising and promotion

    total $9,489 · program services $115 · fundraising $9,374

  • 13 · Office expenses

    total $83,469 · program services $57,457 · management and general $660 · fundraising $25,352

  • 14 · Information technology

    total $42,640 · program services $27,701 · management and general $8,393 · fundraising $6,546

  • 16 · Occupancy

    total $322,340 · program services $293,546 · management and general $1,041 · fundraising $27,753

  • 17 · Travel

    total $325,481 · program services $296,729 · management and general $13,542 · fundraising $15,210

  • 20 · Interest

    total $6,223 · management and general $6,223

  • 22 · Depreciation, depletion and amortization

    total $170,265 · program services $146,257 · management and general $23,325 · fundraising $683

  • 23 · Insurance

    total $123,687 · program services $120,314 · management and general $2,811 · fundraising $562

  • 24a · Other expenses: STUDENT MEALS

    total $197,346 · program services $197,346

  • 24b · Other expenses: MERGER AND PARTNERSHIP

    total $25,584 · management and general $25,584

  • 24c · Other expenses: PODCAST EXPENSE

    total $18,349 · management and general $3,331 · fundraising $15,018

  • 24d · Other expenses: AWARDS EXPENSE

    total $1,252 · program services $1,252

  • 24e · All other expenses

    total $4,599 · program services $840 · management and general $2,443 · fundraising $1,316

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $37,163 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $79,159 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $23,829 · end of year $0

  • 4 · Accounts receivable

    beginning of year $44,425 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $4,052 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $50,256 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $3,543,574 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $8,838,566 · end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $271,989 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $315,397 · end of year $0

  • 19 · Deferred revenue

    beginning of year $115,180 · end of year $0

  • 25 · Other liabilities

    beginning of year $22,333 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $9,675,552 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $2,764,551 · end of year $0

Mission and programs · 2023

Mission

TO EDUCATE ABOUT AMERICAN RIGHTS AND RESPONSIBILITIES, HONOR ACTS OF CIVIC VIRTUE, AND CHALLENGE ALL TO REJECT APATHY AND GET INVOLVED.

Activities or mission (Part I)

PROVIDE CIVIC EDUCATION PROGRAMS TO TEACHERS AND STUDENTS

  • CIVIC EDUCATION: FREEDOMS FOUNDATION OFFERS EDUCATION PROGRAMS TARGETING PRIMARY AND SECONDARY SCHOOL STUDENTS. IN 2023, EIGHTEEN PROGRAMS FOR 921 PRIMARY SCHOOL STUDENTS FOCUSED ON THE FOUNDING OF THE COUNTRY AND ESTABLISHING DEEPLY PERSONAL CONNECTIONS TO HISTORY. SIXTEEN PROGRAMS FOR 742 HIGH SCHOOL AND COLLEGE STUDENTS FOCUSED ON CIVIC RESPONSIBILITY, AMERICAN HISTORY, AND THE FOUNDING DOCUMENTS. IN 2023, PROGRAMS WERE HELD IN PERSON ON OUR 72-ACRE CAMPUS AND INCLUDED NEARLY 37,000 HOURS OF STUDENT INSTRUCTION IN CIVIC EDUCATION.(CONTINUED ON SCHEDULE O)FREEDOMS FOUNDATION ALSO OFFERS EDUCATION PROGRAMS FOR TEACHERS. IN 2023, WE WELCOMED 238 TEACHERS TO OUR IN-PERSON GRADUATE PROGRAMS, INCLUDING 5 SEMINARS AND 1 TRAVELING WORKSHOP, WHICH PROVIDE HISTORY AND CIVIC CONTENT BY EXPOSING TEACHERS TO EXTRAORDINARY SCHOLARS AND THINKERS IN PROGRAMS ON THE CONSTITUTION, AMERICAN HISTORY, CHARACTER DEVELOPMENT, AND AMERICAN VALUES. WITH TEACHERS AVERAGING 100 STUDENTS IN A SINGLE SCHOOL YEAR, THIS MEANS MORE THAN 23,800 STUDENTS WERE OR WILL BE IMPACTED BY FREEDOMS FOUNDATION'S EFFORTS IN THE 2023-2024 SCHOOL YEAR.

    Expenses $2,261,040 · Revenue $768,163

  • HONORING ACTS OF CIVIC VIRTUE: THROUGH ITS NATIONAL AWARDS PROGRAM, FREEDOMS FOUNDATION RECOGNIZED 101 INDIVIDUALS AND ORGANIZATIONS IN 2023 AS EXAMPLES OF CIVIC RESPONSIBILITY. THIS PROGRAM RECOGNIZES ADULTS AND STUDENTS FOR COMMUNITY SERVICE, PUBLIC COMMUNICATIONS, STUDENT ESSAYS, SPECIAL EVENTS, AND OUTSTANDING WORK IN THE CLASSROOM. SINCE ITS FOUNDING, MORE THAN 57,000 NATIONAL AWARDS HAVE BEEN PRESENTED.

    Expenses $31,331

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DAVID J HARMER

    CEO

    Total calculated
    $351,826
    From this org
    $301,372
    From related orgs
    $0
    Other
    $50,454
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $301,372
    Bonus
    $0
    Other
    $0
    Deferred
    $28,038
    Nontaxable benefits
    $22,416
    Filer's total
    $351,826

  • JASPER WYMAN

    VICE PRESIDENT OF ADVANCEMENT

    Total calculated
    $153,148
    From this org
    $141,558
    From related orgs
    $0
    Other
    $11,590
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,558
    Bonus
    $0
    Other
    $0
    Deferred
    $11,423
    Nontaxable benefits
    $167
    Filer's total
    $153,148

  • JASON RAIA

    COO

    Total calculated
    $150,155
    From this org
    $133,013
    From related orgs
    $0
    Other
    $17,142
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,013
    Bonus
    $0
    Other
    $0
    Deferred
    $10,374
    Nontaxable benefits
    $6,768
    Filer's total
    $150,155

  • JORDAN W CLEMENTS

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DIANE DESHONG

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JON NEHLSEN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SHELBY SCARBROUGH

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM P BENAC SR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • LARRY BRASHER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • SALLY BRINTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • SANDY COOK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JAMES C MCCLOUGHAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MARK NASO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MARVELL RUPPEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • LYALL SWIM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
JASPER WYNMAN RECEIVED A SEVERANCE PAYMENT OF $25,000 IN DECEMBER 2023.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433209349304543

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