2024-03-01T14:50:19-08:00 2023-09-30 820751649 JANA A WALKER CPA PLLC PO BOX 2696 WOODWARD OK 73802 990 2022-10-01 481269237 FREEDOM WEST COMMUNITY DEVELOPMENT CORPO FREE 5803277649 PO BOX 338 ALVA OK 73717 KAY DECKER Executive Director 2024-03-01 true KAY DECKER 999009999 true Jana Walker CPA P01711004 5803346361 X 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z PO BOX 338 ALVA OK 73717 195638 false X WWW.FREEDOMWEST.ORG X 2002 OK PROMOTES THE REVITALIZATION OF COMMUNITIES IN ALFALFA, DEWEY, HARPER, WOODS, AND WOODWARD COUNTIES IN NORTHWEST OKLAHOMA BY SUPPORTING AND SPONSORING PROGRAMS IN THE ARTS, AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION, ECONOMIC DEVELOPMENT, STRATEGIC PLANNING AND HERITAGE TOURISM 8 8 3 0 84882 110298 95955 82928 4844 2412 0 185681 195638 0 0 66599 58018 0 0 184113 163205 250712 221223 -65031 -25585 1459989 1442627 10049 18055 1449940 1424572 PROMOTES THE REVITALIZATION OF COMMUNITIES IN ALFALFA, DEWEY, HARPER, WOODS, AND WOODWARD COUNTIES IN NORTHWEST OKLAHOMA BY SUPPORTING AND SPONSORING PROGRAMS IN THE ARTS, AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION, ECONOMIC DEVELOPMENT, STRATEGIC PLANNING AND HERITAGE TOURISM false false 139040 TO ASSIST RURAL COMMUNITIES IN THEIR EFFORTS TO ACHIEVE SUSTAINABILITY THROUGH PROACTIVE SOCIAL AND ECONOMIC EFFORTS 139040 true true false false false false false false false false true false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 14 0 true 3 true false false false false false false false 0 false false false false false false false X 8 8 false false false false false false false true true false false true true true true true true true true false X X KAY DECKER 5803277649 1801 S 11TH ALVA OK 73717 X STAN BIXLER President 2.00 0.00 X X 0 0 0 SONJA WILLIAMS Secretary 1.00 0.00 X X 0 0 0 TODD KOURT Vice President 2.00 0.00 X X 0 0 0 TRACY STINE Director 1.00 0.00 X 0 0 0 TERRY SMITH Director 1.00 0.00 X 0 0 0 KAY DECKER Executive Dir. 10.00 0.00 X 0 0 0 LANA SHAFFER Director 0.00 0.00 X 0 0 0 ADAM HONEYMAN Director 1.00 0.00 X 0 0 0 STEPHANIE WIDICK Director 1.00 0.00 X 0 0 0 0 false false false 0 30480 79818 2400 110298 ART GALLERY INCOME 15279 15279 OTHER PROGRAM INCOME 834 834 RESIDENTIAL PROGRAM 66815 66815 82928 2412 2412 0 0 0 0 0 0 0 0 195638 85340 0 0 0 0 0 0 53895 53895 0 0 4123 4123 0 0 14810 14810 0 0 0 5171 4171 1000 1313 1313 2617 2617 0 0 20361 16761 3600 0 0 0 0 0 67266 67266 13503 11365 2138 REPAIRS & MAINTENANCE 14596 14596 CONTRACT LABOR 11630 11630 ART SUPPLIES 6834 6834 GALLERY EXPENSE 5104 5104 0 221223 139040 82183 0 121986 119658 56694 58309 0 1600 0 0 0 0 7347 8200 7689 9752 1837104 761247 1130027 1075857 0 0 0 0 134646 170851 1459989 1442627 1096 7574 8953 10481 10049 18055 X 376748 402553 1073192 1022019 1449940 1424572 1459989 1442627 -25585 217 X false true X true false X 88941 107072 112749 84882 110298 503942 0 0 88941 107072 112749 84882 110298 503942 0 503942 1637 1131 849 568 2412 6597 0 95213 88734 87475 100861 82928 455211 965750 0.52180 0.51130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10000 10000 1704186 688222 1015964 62137 15592 46545 52200 49482 2718 8581 7951 630 1075857 WORK IN PROGRESS 170851 170851 FUNDS HELD 1528 Rounding 3 TENANT DEPOSITS 8950 10481 X Part X : FIN48 Footnote The Corporation qualifies as an organization exempt from income taxes under Section 501c3 of the Internal Revenue Code. As such, no provision has been made for federal or state income taxes. In June 2006, the Financial Accounting Standards Board FASB released FASB Interpretation 48 FIN 48 Accounting for Uncertainty in Income Taxes Currently FASB Accounting Standards Codification ASC 740, Income Taxes, which requires extensive disclosures about uncertain income tax positions. This standard seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related to income taxes. The Corporation evaluates any uncertain tax positions using the provision of ASC 450, Contingencies. Accordingly, a loss contingency is recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of loss can be reasonably estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from the amount recognized. The Corporation does not believe that it engaged in any activity that would result in an uncertain tax position. As a result, management does not believe that any uncertain tax positions currently exist and no loss contingency has been recognized in the accompanying financial statements. Federal and state income tax statutes dictate that tax returns filed in any of the three previous reporting periods remain open to examination. Currently the Corporation has no open examination with either the Internal Revenue Service or state taxing authorities. The Corporations policy is to record any income tax related penalties and interest incurred as operating expense. There were no income tax related penalties or interest included in the accompanying financial statements. Form 990, Part VI, Section B, Line 11b THE FORM 990 IS PRESENTED BY THE EXECUTIVE DIRECTOR TO THE BOARD MEMBERS AT THE BOARD MEETING. THE BOARD REVIEWS AND APPROVES THE FORM 990. Form 990, Part VI, Section B, Line 12c BOARD MEMBERS ANNUALLY SIGN DISCLOSURES AND CONFLICT OF INTEREST AFFIDAVITS. Form 990, Part VI, Section B, Line 15b THE WAGES ARE COMPARED TO OTHER SIMILAR ORGANIZATIONS. THE APPROVED WAGES ARE NOTED IN THE BOARD MINUTES WHEN THE BUDGET IS APPROVED. Form 990, Part VI, Section C, Line 19 THE CORPORATION MAINTAINS A WEBSITE WHERE THE FORM 990 IS POSTED ANNUALLY. ALL OTHER ORGANIZATIONAL DOCUMENTS ARE AVAILABLE AT THE OFFICE FOR PUBLIC VIEWING UPON REQUEST.