Free to Be Foundation Inc
Nonprofit profile at a glance
- EIN
- 237315464
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990 2021, Form 990-EZ 2024
- Location
- New York, NY, USA
- Phone
- 2122808623
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Family Services
Reported finances
- Revenue
- $14,841
- Expenses
- $31,908
- Assets
- $18,567
- Liabilities
- $6,845
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- MARLO THOMAS (PRESIDENT)
- GLORIA STEINEM (VICE PRESIDENT)
People named in this filing
- MARLO THOMAS (PRESIDENT)
- GLORIA STEINEM (VICE PRESIDENT)
- LETTY POGREBIN (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The free to be foundation, inc. ("ftbthe "foundation") was incorporated in the state of New York on may 9, 1973 and is a supporting organization of ms. Foundation for women, inc. ("mfw"). The stated purpose of ftb, in conjunction with mfw, is to: (1) prevent violence, and protect the right of women, children, gay, lesbian, bi-sexual and transgendered individuals to live in violence-free homes and communities. (2) promote education of the public through programs designed to shift cultural beliefs that perpetuate inequality and exclusion.
What it reported doing in 2024
The publication of "free to be you and me" including a book, an album and a play. The publication of "free to be a family" including a book, and an album. The publication of the 35th anniversary book "free to be you and mea mini edition.
Operating model
- Revenue model
- Earned-program. 95% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 21
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -115%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 0.58; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0.37; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -1% per year; rating input score 0; 45th percentile among comparable filings
- Revenue growth: -3.8% per year; rating input score 0; 37th percentile among comparable filings
- Asset growth: -10.5% per year; rating input score 0; 16th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $32K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 12 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 7/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.