2024-08-20T07:54:48-05:00 2023-12-31 540504608 BROWN EDWARDS & COMPANY LLP 1909 FINANCIAL DRIVE HARRISONBURG VA 22801 990 2023-01-01 813904720 FREEDOM FIRST ENTERPRISES FREE 5403757781 5240 VALLEY PARK DRIVE ROANOKE VA 24019 DAVE PROSSER VP/EXEC. DIRECTOR 5403757781 2024-08-16 1 0 PATRICK PITTMAN P00587461 5404346736 2024-07-30 2023 2024-08-08 14:25:15Z DAVE PROSSER 5240 VALLEY PARK DR ROANOKE VA 24019 73165 0 X N/A X 2017 VA TO ASSIST LOW AND VERY LOW INCOME CONSUMERS WITH ALTERNATIVE FINANCIAL SERVICES. 5 5 0 5 0 0 296144 72878 0 0 218 287 0 0 296362 73165 146037 203878 0 0 0 0 0 0 0 78278 160319 224315 364197 72047 -291032 580596 298162 17729 26327 562867 271835 TO ASSIST LOW AND VERY LOW INCOME CONSUMERS WITH ALTERNATIVE FINANCIAL SERVICES. 0 0 23376 23376 THE HELPING HANDS FUND IS FOR CURRENT FREEDOM FIRST CREDIT UNION EMPLOYEES WHO ARE EXPERIENCING TEMPORARY FINANCIAL HARDSHIP DUE TO EMERGENCY SITUATIONS BEYOND THEIR CONTROL. THIS EMERGENCY SITUATION CAN BE EXTENDED TO IMMEDIATE HOUSEHOLD FAMILY MEMBERS WHOSE HARDSHIP DIRECTLY IMPACTS THE EMPLOYEE. A TEMPORARY FINANCIAL HARDSHIP IS ONE CAUSED BY A DEFINED, TIME-LIMITED, SPECIFIC EVENT SUCH AS FIRE, NATURAL DISASTER (FLOOD, TORNADO, ETC.), THEFT OF PROPERTY, DEATH IN IMMEDIATE FAMILY, ACCIDENT, LOSS OF PROPERTY, DISEASE, EXTENDED ILLNESS OR DISABILITY. "TEMPORARY" MEANS THAT THE EMPLOYEE WAS ABLE TO MANAGE THEIR FINANCES BEFORE BUT ARE NOW SEVERAL HUNDRED DOLLARS IN DEBT AND, WITH THESE FUNDS, COULD REGAIN THEIR FINANCIAL STABILITY WITHIN A COUPLE OF MONTHS. 44500 44500 TO PROVIDE FUNDING TO FREEDOM FIRST CREDIT UNION (FFCU) FOR CONTRIBUTIONS TO EIGHT NON-PROFIT ORGANIZATIONS IN FFCU'S SERVICE AREA THAT PROMOTE COMMUNITY AND HOUSEHOLD ECONOMY SUCH AS POVERTY REDUCTION, AFFORDABLE HOUSING, AND FINANCIAL EDUCATION, HEALTH AND HUMAN SERVICES, AND ARTS AND CULTURE. FUNDING WAS ALSO PROVIDED TO AWARD COLLEGE SCHOLARSHIPS TO AREA HIGH SCHOOL STUDENTS. 254402 136002 TO PROVIDE FUNDING TO BLUE RIDGE PARTNERSHIP FOR HEALTH SCIENCES CAREERS. THE INITIATIVE'S GOAL IS TO GIVE STUDENTS IN THE ROANOKE AND NEW RIVER VALLEYS AND SURROUNDING COUNTIES THE OPPORTUNITY TO ACQUIRE STACKABLE CREDENTIALS, STARTING IN HIGH SCHOOL, AND CONTINUING THROUGH COMMUNITY COLLEGE OR A FOUR-YEAR INSTITUTION. THE INTENTION IS TO EXPAND THE PROGRAM INTO A STANDARDIZED CURRICULUM THROUGHOUT THE COMMONWEALTH OF VIRGINIA. THE CLAUDE MOORE FOUNDATION WILL CULTIVATED A STATEWIDE HEALTH SCIENCES PIPELINE TO EFFECTIVELY TO MEET THE HIGH DEMAND FOR HEALTH SCIENCES PROFESSIONALS ACROSS VIRGINIA. 322278 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X DAVE PROSSER 5403757781 5240 VALLEY PARK DRIVE ROANOKE VA 24019 X KIMBERLY BUTTERFIELD SECRETARY 2.00 X X 0 0 0 PAUL PHILLIPS PRES./BOARD CHAIRMAN 2.00 X X 0 0 0 DAVE PROSSER VP/EXEC. DIRECTOR 2.00 X X 0 0 0 WAYNE STRICKLAND TREASURER 2.00 X X 0 0 0 ANNETTE PATTERSON DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 72878 72878 287 287 73165 0 0 287 203878 203878 13790 13790 7600 7600 79504 67880 11624 591 206 385 1221 1221 196 196 2571 2571 CONTRACT SERVICES 49979 49979 ADMIN-OTHER 2614 335 2279 ACCOUNT SERVICES 1559 1559 DEPT. OF NUTRITION 575 575 119 119 364197 322278 41919 0 159863 95795 385140 169824 35398 32543 2282 2282 195 0 580596 298162 17729 26327 17729 26327 X 22111 0 540756 271835 562867 271835 580596 298162 -291032 0 X 0 0 0 X 392274 200650 425016 296144 72878 1386962 392274 200650 425016 296144 72878 1386962 1090927 296035 3120 491 105 218 287 4221 1391183 0.21280 0.16860 X 10% FACTS AND CIRCUMSTANCES TEST 1. THE CLOSER TO 33.33 PERCENT THE PUBLIC SUPPORT IS THE PRIMARY BUSINESS FUNCTIONS OF FREEDOM FIRST ENTERPRISES INCLUDE: FINANCIAL EMPOWERMENT CENTER (FEC) BLUE RIDGE PARTNERSHIP OF HEALTH SCIENCES CAREERS (BRPHSC) LOCAL IMPACT FOR TOMORROW FINANCIAL EDUCATION RESOURCES FINANCIAL EMPOWERMENT CENTER - THE ROANOKE FINANCIAL EMPOWERMENT CENTER OFFERS PROFESSIONAL, ONE-ON-ONE FINANCIAL COUNSELING AT NO-COST TO ROANOKE AREA RESIDENTS. OUR FINANCIAL COUNSELORS CAN ASSIST WITH MONEY MANAGEMENT, BUDGETING, REDUCING DEBT, ESTABLISHING AND IMPROVING CREDIT, CONNECTING TO SAFE AND AFFORDABLE BANKING SERVICES, BUILDING SAVINGS, AND REFERRALS TO OTHER SERVICES AND ORGANIZATIONS. HTTPS://ROANOKE.EXT.VT.EDU/NEWS/ROANOKE-FINANCIAL-EMPOWERMENT-CENTER.HTM L THE FEC WAS LAUNCHED IN JUNE 2020. SINCE THAT TIME, WE HAVE SERVED 2,438 CLIENTS REDUCING NON-MORTGAGE DEBT OF $3,015,599, INCREASING TOTAL SAVING BY $505,626 AND HAVE 969 OUTCOMES. SUCCESSFUL OUTCOMES INCLUDE CREATING A BUDGET, REDUCING DELINQUENT ACCOUNTS, INCREASE CREDIT SCORE BY 35 POINTS, REDUCE NON-MORTGAGE DEBT, OPEN A SAFE AFFORDABLE BANK ACCOUNT, ACCESS TO PUBLIC SUPPORT, INCREASE SET ASIDE MONEY FOR EMERGENCIES, ESTABLISHING CREDIT AND ADOPTING NEW SAVINGS BEHAVIORS. THE FEC WAS LAUNCHED THROUGH CITIES FOR FINANCIAL EMPOWERMENT (CFE). THE CFE FUND'S MISSION IS TO LEVERAGE MUNICIPAL ENGAGEMENT TO IMPROVE THE FINANCIAL STABILITY OF LOW- AND MODERATE-INCOME HOUSEHOLDS BY EMBEDDING FINANCIAL EMPOWERMENT STRATEGIES INTO LOCAL GOVERNMENT INFRASTRUCTURE. THE FUND WORKS WITH MAYORAL ADMINISTRATIONS AND THOSE INTERESTED IN SUPPORTING THEM TO IMPLEMENT INNOVATIVE PROGRAMS AND POLICIESAND MEASURES ITS SUCCESS ACCORDINGLY. CFE FUND WAS LAUNCHED AT THE NEW YORK STOCK EXCHANGE IN APRIL, 2012 AND PROVIDES FUNDING AND TECHNICAL ASSISTANCE TO LOCAL GOVERNMENT AND THEIR TEAMS TO DEVELOP, LAUNCH, REPLICATE AND TEST FINANCIAL EMPOWERMENT STRATEGIES. THIS PROJECT WAS LAUNCHED IN PARTNERSHIP WITH ROANOKE CITY AND THE FFE WAS CONTRACTED TO DELIVER THE SERVICES. BLUE RIDGE PARTNERSHIP OF HEALTH SCIENCES CAREERS FFE ACTS AS THE FIDUCIARY AGENT FOR BRPHSC. THIS IS A COLLABORATION OF EDUCATORS, EMPLOYERS, AND ECONOMIC DEVELOPMENT PROFESSIONALS IN THE ROANOKE AND NEW RIVER VALLEYS, THE ALLEGHANY HIGHLANDS, AND THE GREATER LYNCHBURG REGION. AS MEMBERS OF GO VIRGINIA REGION 2, THEY ARE COMMITTED TO IMPROVING HEALTH SCIENCES EDUCATION AND ALIGNING INSTRUCTION TO MEET THE WORKFORCE NEEDS OF THE REGION'S HEALTH EMPLOYERS, INCLUDING HOSPITALS, HEALTH SYSTEMS, LONG-TERM CARE FACILITIES, AND EMERGING BIOMEDICAL COMPANIES. THE PARTNERSHIP USES A NEW MODEL FOR HEALTH SCIENCES EDUCATION AND WORKFORCE DEVELOPMENT THAT: MEETS THE RAPIDLY GROWING NEED FOR QUALIFIED CLINICAL AND ADMINISTRATIVE STAFF SUPPORTS THE REGION'S EMERGING HEALTH AND LIFE SCIENCES SECTOR ATTRACTS ESTABLISHED COMPANIES SEEKING TO EXPAND OR RELOCATE THE BRPHSC MODEL ALIGNS WITH THE REGION'S ECONOMIC DEVELOPMENT AND JOB GROWTH GOALS TO ESTABLISH PRACTICAL TALENT PATHWAYS, MEET EMPLOYER NEEDS, PROMOTE ENTREPRENEURSHIP, AND PROVIDE MEANINGFUL HEALTH CAREERS. LOCAL IMPACT FOR TOMORROW (LIFT) FFE THROUGH THE FINANCIAL EMPOWERMENT CENTER SERVICES PROVIDES THE FINANCIAL WELL-BEING FOR RESIDENCE IN THE FALLON PARK ELEMENTARY SCHOOL COMMUNITY. LIFT IS A HEALTH AND WELLNESS INITIATIVE SPONSORED BY A COALITION OF COMMUNITY PARTNERS, INCLUDING CARILION CLINIC, DELTA DENTAL OF VIRGINIA, FREEDOM FIRST CREDIT UNION AND ROANOKE CITY PUBLIC SCHOOLS. LIFT BELIEVES THAT THE KEY TO STRENGTHENING A COMMUNITY STARTS WITH THE FAMILY, AND THE EASIEST WAY TO REACH FAMILIES IS THROUGH THEIR NEIGHBORHOOD SCHOOL. THE LIFT CENTER SERVES SOUTHEAST ROANOKE BY PROVIDING VITAL SUPPORT AND SERVICES TO THE STUDENTS AND FAMILIES OF FALLON PARK ELEMENTARY. THE CENTER FEATURES A PEDIATRIC CLINIC, ORAL HEALTH AND MENTAL HEALTH SERVICES, FINANCIAL COACHING, HEALTH AND WELLNESS EDUCATION, AND ACCESS TO OTHER COMMUNITY RESOURCES IN ONE CONVENIENT LOCATION. FFE ACTS AS THE FIDUCIARY AGENT FOR THIS RELATIONSHIP AS WELL. 2. A REPRESENTATIVE NUMBER OF DONORS RATHER THAN A SINGLE OR LIMITED NUMBER OF DONOR FFE HAS TAKEN IN 63 UNIQUE DONORS FROM 68 DONATIONS SINCE ITS INCEPTION. OF THOSE 63 UNIQUE DONORS 55 ARE FROM INDIVIDUALS. BUSINESS, FOUNDATIONS, AND OTHER NON-PROFITS MAKE UP THE REMAINING 8 DONORS. 3. A REPRESENTATIVE GOVERNING BODY INCLUDING PUBLIC OFFICIALS, SUBJECT MATTER EXPERTS, AND COMMUNITY LEADERS THE GOVERNING BODY OF FREEDOM FIRST ENTERPRISES INCLUDES: PAUL PHILLIPS, PRESIDENT/CHAIRMAN OF THE BOARD FREEDOM FIRST CREDIT UNION (FFCU) CEO/PRESIDENT FFCU IS A CREDIT UNION THAT IS A MEMBER-OWNED NOT-FOR-PROFIT FINANCIAL COOPERATIVE. CREDIT UNIONS DIFFER FROM BANKS AND OTHER FINANCIAL INSTITUTIONS IN THAT THOSE WHO HAVE ACCOUNTS AT THE CREDIT UNION ARE ITS MEMBERS AND OWNERS, AND THEY ELECT A VOLUNTEER BOARD OF DIRECTORS IN A ONE-PERSON-ONE-VOTE SYSTEM REGARDLESS OF THEIR AMOUNT INVESTED. UNLIKE BANKS, CREDIT UNION DIRECTORS ARE ALL MEMBERS OF THE COMMUNITY AND NOT PAID TO SERVE. FFCU HAS ITS LOW-INCOME DESIGNATION AND IS A CERTIFIED FINANCIAL INSTITUTION (CDFI). THE U.S. DEPARTMENT OF THE TREASURY'S CERTIFIES FINANCIAL INSTITUTIONS AS THOSE THAT HELPS PROMOTE ACCESS TO CAPITAL AND LOCAL ECONOMIC GROWTH IN URBAN AND RURAL LOW-INCOME COMMUNITIES ACROSS THE NATION THROUGH MONETARY AWARDS IN TARGET MARKETS. DAVE PROSSER, VP/EXECUTIVE DIRECTOR FREEDOM FIRST CREDIT UNION SVP COMMUNITY DEVELOPMENT SEE FFCU DESCRIPTION ABOVE. DAVE OVERSEES COMMUNITY DEVELOPMENT ACTIVITIES INCLUDING CDFI DESIGNATION, AFFORDABLE HOUSING INITIATIVES, FINANCIAL WELL-BEING, AND IMPACT LENDING CREDIT PRODUCTS AND SERVICES. WAYNE STRICKLAND, TREASURER RETIRED EXECUTIVE DIRECTOR OF ROANOKE VALLEY-ALLEGHANY REGIONAL COMMISSION THE COMMISSION IS MADE UP OF ELECTED OFFICIALS AND CITIZENS APPOINTED TO THE COMMISSION BY MEMBER LOCAL GOVERNMENTS. THE COMMISSION ALSO INTERACTS WITH OTHER ORGANIZATIONS AND PARTNERS ON A REGULAR BASIS ON ISSUES OF REGIONAL SIGNIFICANCE. THE PURPOSE OF PLANNING DISTRICT COMMISSIONS, AS SET OUT IN THE CODE OF VIRGINIA, SECTION 15.2-4207, IS TO ENCOURAGE AND FACILITATE LOCAL GOVERNMENT COOPERATION AND STATE-LOCAL COOPERATION IN ADDRESSING REGIONAL BASIS PROBLEMS OF GREATER THAN LOCAL SIGNIFICANCE. THE PLANNING DISTRICT COMMISSION SHALL ALSO PROMOTE THE ORDERLY AND EFFICIENT DEVELOPMENT OF THE PHYSICAL, SOCIAL, AND ECONOMIC ELEMENTS OF THE DISTRICT BY PLANNING, AND ENCOURAGING AND ASSISTING LOCALITIES TO PLAN, FOR THE FUTURE. KIMBERLY BUTTERFIELD, SECRETARY CARILION CLINIC WELL-BEING MANAGER AS THE WELL-BEING MANAGER, KIMBERLY IS RESPONSIBLE FOR COORDINATING AND OPTIMIZING WELL-BEING STRATEGIES AND PROGRAMS ACROSS THE CARILION CLINIC FOOTPRINT FOR THEIR 14,000 EMPLOYEES. CARILION CLINIC IS A ROANOKE, VIRGINIA-BASED NON-PROFIT INTEGRATED HEALTH CARE ORGANIZATION. CARILION OWNS AND OPERATES SEVEN HOSPITALS IN THE WESTERN PART OF VIRGINIA, SUCH AS RADFORD UNIVERSITY CARILION, AND A JOINT VENTURE MEDICAL SCHOOL AND RESEARCH INSTITUTE WITH VIRGINIA TECH. THE SYSTEM CONSISTS OF HOSPITALS, PRIMARY AND SPECIALTY PHYSICIAN PRACTICES, PHARMACIES, HEALTH CLUBS AND OTHER COMPLEMENTARY SERVICES. CARILION HAS MORE THAN 13,200 EMPLOYEES WITH 737 PHYSICIANS COVERING MORE THAN 70 SPECIALTIES AT 225 PRACTICE SITES, MAKING IT THE LARGEST EMPLOYER IN THE ROANOKE VALLEY. ANNETTE PATTERSON, MEMBER ADVANCEMENT FOUNDATION, EXECUTIVE DIRECTOR THE ADVANCEMENT FOUNDATION (TAF), A NONPROFIT FOUNDED IN 2007 WORKS IN CONCERT WITH ECONOMIC AND COMMUNITY DEVELOPMENT ORGANIZATIONS TO EXECUTE KEY STRATEGIES THAT PROVIDE INFRASTRUCTURE, SUPPORT, AND RESOURCES TO CREATE AN EFFECTIVE ENTREPRENEURIAL ECOSYSTEM. TAF HAS RESEARCHED, TESTED, AND REFINED SPECIFIC INITIATIVES THAT HELP UNIFY ACTIVITIES FOR SMALL BUSINESS DEVELOPMENT, INCREASE SUPPORT, AND LEVERAGE RESOURCES TO PROVIDE MEASURABLE IMPACT ON SMALL BUSINESS DEVELOPMENT FOR THE COMMUNITIES IT SERVES. TAF IS UNIQUELY POSITIONED TO PROVIDE BOTH LOCALITY SPECIFIC INITIATIVES, AS WELL AS CROSS REGIONAL SYNERGIES TO ASSIST COMMUNITIES. AS A TRUSTED COMMUNITY PARTNER WITH ECONOMIC DEVELOPMENT OFFICES, CHAMBERS, MAIN STREET ORGANIZATIONS, VIRGINIA TOURISM, DHCD, SMALL BUSINESS DEVELOPMENT CENTERS, SBA, USDA, LIBRARIES AND OTHERS, TAF IS ABLE TO IMPLEMENT PROJECTS EFFICIENTLY AND EFFECTIVELY. 4. AVAILABILITY OF PUBLIC FACILITIES OR SERVICES ALONG WITH PUBLIC PARTICIPATION IN PROGRAMS OF THE ORGANIZATION THE ROANOKE FINANCIAL EMPOWERMENT CENTER OFFERS PROFESSIONAL, ONE-ON-ONE FINANCIAL COUNSELING AT NO-COST TO ROANOKE AREA RESIDENTS. THE FEC FUNCTIONS MAKE UP ABOUT 95% OF OUR BUSINESS ACTIVITY. THE FEC IS ABLE TO SERVE CLIENTS IN-PERSON, VIA PHONE CONVERSATION, OR VIDEO CONFERENCING. IN-PERSON COUNSELING OCCURS IN FEC OFFICE OR AT PARTNERING LOCATIONS. 10% FACTS AND CIRCUMSTANCES TEST - CONTINUED 5. BROAD SOLICITATION OF REVENUE, MEMBERS AND PROGRAMMING BY MEMBERSHIP GROUPS SOLICITATION OF DONATIONS IS DONE THROUGH VARIOUS MEANS. SOME INCLUDE: FREEDOM FIRST ENTERPRISES WEBSITE ONLINE DONATIONS WWW.FREEDOMFIRSTENTERPRISES.COM/DONATE.COM LOCAL IMPACT FOR TOMORROW (LIFT) WEBSITE ONLINE DONATIONS WWW.LIFTVIRGINIA.COM FINANCIAL EMPOWERMENT CENTER WEBSITE ONLINE DONATION WWW.FREEDOMFIRSTENTERPRISE.COMROANOKEFEC DELTA DENTAL FOUNDATION WEBSITE WWW.DELTADENTALVA.COM/NEWROOM/LIFT-GRAND-OPENING.HTML GIVE ROANOKE WWW.GIVEROANOKE.ORG FOR LIFT PROGRAM LIFT FACEBOOK PAGE WWW.FACEBOOK.COM/LIFTCENETRFPE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2282 2282 0 0 DUE TO FFCU 26327 26327 0 ROANOKE COUNTY PUBLIC SCHOOLS 5937 COVE ROAD ROANOKE VA 24019 0 96339 TUITION AND RESOURCES PULASKI COUNTY CAREER & TECHNICAL EDUCATION 5414 COUGAR TRAIL RD DUBLIN VA 24084 0 18505 TUITION AND RESOURCES FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS/PRESIDENT IN DETAIL BEFORE IT IS FILED. THE ENTIRE BOARD OF DIRECTORS REVIEWS THE FORM 990 AT THE MEETING FOLLOWING THE FILING OF THE RETURN. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FREEDOM FIRST CREDIT UNION 5240 VALLEY PARK DR ROANOKE VA 24019 540699770 CREDIT UNION VA 501C14 N/A 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 FREEDOM FIRST CREDIT UNION F 287 FREEDOM FIRST CREDIT UNION B 44500