The Freedom Institute Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 852644215 ✦ Grand junction, CO ✦ Designated as a 501(c)(3)

Overview

What is The Freedom Institute Inc?

The Freedom Institute Inc, located at 930 Main Street, Grand Junction, CO 81501, is a nonprofit organization dedicated to providing assistance to individuals recently released from incarceration in Colorado. Through charitable distributions, life coaching, transitional housing, and educational programs, the Freedom Institute aims to help these individuals and their families transition into a healthier lifestyle, ultimately breaking the cycle of poverty, incarceration, and recidivism. Their mission is to revitalize communities by rebuilding lives and restoring families. They employ 37 individuals in their mission to improve the quality of life for the affected communities.


Official website here: www.newlyfree.com

Is The Freedom Institute Inc legitimate?

The Freedom Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Freedom Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $70,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $411,778

For more financial information, click here


Official website here: www.newlyfree.com

What is the mission statement of The Freedom Institute Inc?

The Freedom Institute Inc's mission is centered around breaking the cycle of poverty, incarceration, and recidivism in underserved communities. This is achieved by focusing on three key areas: rebuilding lives, restoring families, and revitalizing communities. Through charitable support, life coaching, transitional housing, and educational programs, the organization helps individuals recently released from prison in Colorado transition into a healthier lifestyle, thereby reducing the likelihood of recurring incarceration and improving their overall quality of life.


Official website here: www.newlyfree.com

Who is the CEO of The Freedom Institute Inc?

Micah Espinoza is the President/Ceo of The Freedom Institute Inc. The CEO's salary of The Freedom Institute Inc is $70,000 and their total compensation is $70,000.


Official website here: www.newlyfree.com

What is the revenue of The Freedom Institute Inc?

The Freedom Institute Inc's revenue in 2022 was $967,201.


Official website here: www.newlyfree.com

Who are the executives of The Freedom Institute Inc and what are their salaries?

The average compensation at The Freedom Institute Inc during 2022 was $13,021. There are 37 employees and 36 volunteers at The Freedom Institute Inc.

Here are 3 key members and their salaries (The Freedom Institute Inc's CEO's salary is $70,000 and their total compensation is $70,000):

    Micah Espinoza (President/Ceo) [Trustee/Director]
  • Compensation: $70,000
  • Related: $0
  • Other: $0

    • William Page (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tim Denning (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.newlyfree.com

    Where can I find the form 990 for The Freedom Institute Inc?

    The The Freedom Institute Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.newlyfree.com

    Learn more at the official website: www.newlyfree.com

    Mission Statement of The Freedom Institute Inc

    The Freedom Institute, a charitable organization, is committed to disrupting the persistent cycle of poverty, incarceration, and recidivism in neglected communities. The institute aims to accomplish this by focusing on three key areas: rebuilding lives, restoring families, and revitalizing communities. By providing assistance in the form of charitable distributions, life coaching, transitional housing, and educational programs, The Freedom Institute helps individuals who have recently been released from incarceration in Colorado. This support enables these individuals and their families to transition into more stable and healthier living situations, ultimately working towards breaking the cycle of recidivism and improving their overall quality of life.

    Impact

    This information is meant to be a general summary of The Freedom Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Freedom Institute Inc's impact is profound as it works tirelessly to break the generational cycle of poverty, incarceration, and recidivism in forgotten communities. Through benevolent distributions, life-coaching, transitional housing, and education programs, the organization helps individuals recently released from incarceration in Colorado transition into healthy life situations. By providing this charitable support and assistance, The Freedom Institute Inc is actively working to break the cycle of recidivism, restore families, and revitalize communities, ultimately improving the quality of life for those in need.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $45
  • Program Service Revenue: $118,410
  • Gross Receipts: $967,201

    • Assets and Liabilities:
  • Total Assets: $205,845
  • Total Liabilities: $6,255
  • Net Assets: $199,590
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Participation Rent Fees

    Revenue

    $71,093

    Social Enterprise Revenue

    Revenue

    $47,317

    Organization Details

    Founding Year

    2020

    Principal Officer

    Micah Espinoza

    Main Address

    930 Main Street, Grand Junction, CO, 81501

    NTEE Category

    Code: I20 - Crime

    If you are a representative of The Freedom Institute Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.