Freedom Foundation Dba Something New
Nonprofit profile at a glance
- EIN
- 203466419
- IRS 990 coverage
- 2012–2022
- Forms available
- Form 990 2022, Form 990-EZ 2011
- Location
- Peachtree City, GA, USA
- Phone
- 7205813900
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $-6,304
- Expenses
- $9,234
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- BECCA ARMSTRONG (EXECUTIVE DI)
- JOHN GAINEY (DIRECTOR)
- BARAK GIBSON (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
This is where we're supposed to tell you exactly who we are and what we do in 200 words. True confession: we can't do that. What we've done before isn't necessarily what we'll be doing in the future. That's because we consider each and every need that crosses our path. And while we know the impact we make is deep and personal and life- changing, the outcomes aren't always measurable. These are some of the reasons big money doesn't know what to do with us and most of our funding comes from highly-committed, much appreciated grassroots supporters. While the work we do doesn't fit into a neat little package, we can say this: - we provide resoureces and support for people and organizations already doing important work (sometimes). - we build programs to tackle projects of our own (sometimes). - we operate from a principle that guides us where we go and anchors us once we're there (all the time). That anchoring truth is that everyone has a unique gift to give their fellow humans. Using thos
What it reported doing in 2022
2022 accomplishments: - provided aid to families in peru unfortanately, in 2022 something new dissolved. Expenses were paid in full and the nbv of remaining assets were written off.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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
MIXED - A large share of available resources goes toward mission work and program spending has grown recently. Some filing-based governance responses are negative or unanswered and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 50
- Accountability: 18
- Sustainability: 14
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 75%; rating input score 75
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: Limited
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -246.5%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: 9.3% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 1.9% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: -5.6% per year; rating input score 0; 20th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 75% of spending went to programs
- Governance: 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $7K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 12 of 12 current checks pass
- Schedules: 4 filed schedules · includes foreign activity
- Filing history: 11 filing years from 2012 to 2022
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Sustainability: Operating margin scored 14/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.