The Freedom Center of Okc Llc

Nonprofit profile at a glance

EIN
842331810
IRS 990 coverage
2021–2024
Forms available
Form 990 2024
Location
Oklahoma City, OK, USA
Phone
4055107814
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$416,567
Expenses
$412,233
Assets
$1,056,503
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

18 people listed

People named in this filing

  • LEONARD BENTON (BOARD MEMBER)
  • JOYCE A HENDERSON (BOARD MEMBER)
  • JOYCE JACKSON (BOARD MEMBER)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Freedom Center of OKC, LLC endeavors to educate, empower and enlighten our nation to reflect on the past, present, and future of the Civil Rights Movement in Oklahoma, and to develop facilities and programs to effect the mission of the organization

What it reported doing in 2024

On December 10, 2019, the citizens of Oklahoma City voted to pass MAPS 4, including $25 million for the restoration of the Freedom Center building and the creation of a new Clara Luper Civil Rights Center.This five-acre campus will be constructed immediately adjacent to the historic building, transforming the city, state and nation's knowledge of our civil rights history and positively influencing the future of northeast Oklahoma City and our entire community. With exhibition and programming areas, a caf, welcoming center, outdoor and events spaces, this new campus will be an educational and community gathering place that honors the past, enlightens visitors today and empowers the next generation of leadership.Since the passage of MAPS 4, the Freedom Center board of directors has successfully raised private funds to restore the historic building. Removing the Freedom Center restoration from the MAPS 4 scope of work and paying for it with private funds allows us to get started sooner and retain ownership of the building. Our architectural team has grown to include Atelier Cory Henry as lead designer for the restoration, in partnership with Bockus Payne Architecture as the architect of record. Thunder Team Construction has been hired as our construction manager. Work is anticipated to begin in early 2022 and be completed by Fall 2022.

Operating model

Revenue model
Donor-supported. 96% 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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 50
  • Transparency & Controls: 86
  • Accountability: 64
  • Sustainability: 56
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.8%; rating input score 57
  • Program expense ratio: 55.4%; rating input score 55
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 1%; rating input score 42; 42nd percentile among comparable filings
  • Total-asset coverage ratio: 2.56; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 53.6% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: -17.5% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: 13.6% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 56.8% of revenue deployed · 55.4% of spending went to programs
  • Governance: 18 of 18 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $229K in reported program spending
  • Leadership: top reported pay $0 · 18 people listed
  • Consistency: 21 of 22 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 57/100.
  • High — Accountability: Governance controls: 6 of 7 not reported.
  • Review — Financial Efficiency: Program expense ratio scored 55/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 42/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.