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Nonprofit · EIN 14-1759246

LIBERTY FOUNDATION INC

Tax-exempt · AMSTERDAM, NY 12010

Financials

$960K$335K2023$1.5M$2M2024
Revenue Expenses · by fiscal year end
Financials of LIBERTY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,511,686$2,017,793-$506,107$46,230,760$51,288$46,179,472
December 31, 2023990$959,667$335,140$624,527$41,047,662$39,555$41,008,107
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$142,607
Program service revenue
$0
Investment income
$1,212,278
Net rental income
$2,913
Net gain from sales of assets
$356,593
Net income from fundraising events
$153,888
Other revenue
$156,801

Expenses

Grants and similar amounts paid
$1,793,035
Other salaries and wages
$93,168
Salaries, compensation and benefits (total)
$121,050
Professional fundraising fees
$0
Accounting fees
$9,508
Occupancy
$4,641
Depreciation
$2,913
Program services (functional)
$1,793,035
Management and general (functional)
$208,672
Fundraising (functional)
$16,086

Balance sheet and other

Total assets, start of year
$41,047,662
Total assets, end of year
$46,230,760
Total liabilities, end of year
$51,288
Net assets, end of year
$46,179,472
Land, buildings and equipment
$335,065
Publicly traded securities
$13,067,443
Net assets without donor restrictions
$46,179,472
Gross receipts
$4,949,457
Employees
0
Volunteers
9
Year formed
1992
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
JENNIFER SAUNDERSCEO
Officer
1$0$250,069$56,948
CANDY OPALKACOO
Officer
1$0$199,704$37,528
BRIAN CREGINCFO
Officer
1$0$55,293$0
BEATRICE MARRINERCFO
Officer
1$0$9,808$0
DONNA CANESTRAROPRESIDENT
Trustee or director
1$0$0$0
BRETT HARRISTREASURER
Trustee or director
1$0$0$0
SARAH E ADAMOWSKIDIRECTOR
Trustee or director
1$0$0$0
PAUL DICAPRIOVICE PRESIDENT
Trustee or director
1$0$0$0
MICHAEL LOBBDIRECTOR
Trustee or director
1$0$0$0
WANDA BURLINGDIRECTOR EMERITI
Trustee or director
1$0$0$0
ANNE BOLESDIRECTOR
Trustee or director
1$0$0$0
TAMMY KRISHERDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
JENNIFER SAUNDERSCEO
Officer
1$0$250,306$43,783
AMY OSBORNECFO
Officer
1$0$87,293$0
DONNA CANESTRAROPRESIDENT
Trustee or director
1$0$0$0
BRETT HARRISTREASURER
Trustee or director
1$0$0$0
SARAH E ADAMOWSKI O'CONNORDIRECTOR
Trustee or director
1$0$0$0
PAUL DICAPRIOVICE PRESIDENT
Trustee or director
1$0$0$0
MICHAEL LOBBDIRECTOR
Trustee or director
1$0$0$0
WANDA BURLINGDIRECTOR EMERITI
Trustee or director
1$0$0$0
ANNE BOLESDIRECTOR
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
43 LIBERTY DR, AMSTERDAM, NY 12010-5635
In care of
% JENNIFER SAUNDERS
Principal officer (990 for 2024)
JENNIFER SAUNDERS, 43 LIBERTY DRIVE, AMSTERDAM, NY 12010
Signed the 990
JENNIFER SAUNDERS, CEO
Phone
(518) 842-5080
Return prepared by
BONADIO & CO LLP

Mission

PUBLICLY SOLICITS & RECEIVES FUNDS FOR CHARITABLE PURPOSES, PRIMARILY FOR THE BENEFIT OF PEOPLE WITH DEVELOPMENTAL DISABILITIES. THE CONTRIBUTIONS RECEIVED HELP UNDERWRITE THE COST OF SERVICES THAT ARE NOT TRADITIONALLY SUPPORTED THROUGH PROGRAM REVENUE

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDED GRANTS AND DONATED RESIDENCE TO NYSARC, INC. - MONTGOMERY COUNTY CHAPTER (HEREAFTER LIBERTY ARC), A RELATED 501(C)(3) ORGANIZATION, FOR THEIR COMMUNITY CONNECTIONS, SUPPORTED EMPLOYMENT, RESIDENTIAL PROGRAM, AND 'GROUND LEVEL GRANTS'. THESE PROGRAM FUNDED INITIATIVES ADDED TO THE QUALITY OF LIFE FOR THE PEOPLE SUPPORTED BY LIBERTY ARC, INCLUDING GIVING ADULTS WITH DEVELOPMENTAL DISABILITIES AN OPPORTUNITY TO EARN MONEY AND IMPROVE EMPLOYMENT SKILLS; PROVIDING TRANSPORTATION TO AND FROM WORK SITES; AND PROVIDING PERSONAL PROTECTIVE EQUIPMENT FUNDING FOR OUR RESIDENTIAL AND DAY PROGRAMS.
    Expenses $1,793,035 · grants $1,793,035

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
14-1759246
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1994
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$46,230,760
Income (IRS master file)
$4,949,457

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,511,686$2,017,793$46,230,760XML
990December 2023$959,667$335,140$41,047,662XML
990December 2022$475,806$208,396$34,489,715IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 14-1759246).

Questions about LIBERTY FOUNDATION INC

What is the EIN of LIBERTY FOUNDATION INC?
The employer identification number (EIN) of LIBERTY FOUNDATION INC is 14-1759246.
Is LIBERTY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to LIBERTY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LIBERTY FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LIBERTY FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LIBERTY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LIBERTY FOUNDATION INC?
The 990 for the year ended December 31, 2024 names JENNIFER SAUNDERS.
Who are the officers and directors of LIBERTY FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
How much revenue does LIBERTY FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,511,686, expenses of $2,017,793 and total assets of $46,230,760 at year end.

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