Nonprofit · EIN 20-4513735
FREEDOM WATERS FOUNDATION INC
Tax-exempt · NAPLES, FL 34102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $538,689 | $1,097,690 | -$559,001 | $737,420 | $6,025 | $731,395 |
| December 31, 2024 | 990 | $1,557,097 | $694,433 | $862,664 | $1,299,484 | $9,088 | $1,290,396 |
| December 31, 2023 | 990 | $601,094 | $713,262 | -$112,168 | $427,732 | $0 | $427,732 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $436,120
- Program service revenue
- $0
- Investment income
- $35,272
- Net income from fundraising events
- $67,297
- Other revenue
- $67,297
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $277,435
- Other salaries and wages
- $302,651
- Salaries, compensation and benefits (total)
- $658,403
- Professional fundraising fees
- $0
- Accounting fees
- $8,900
- Occupancy
- $56,587
- Travel
- $7,634
- Program services (functional)
- $704,789
- Management and general (functional)
- $172,579
- Fundraising (functional)
- $220,322
Balance sheet and other
- Total assets, start of year
- $1,299,484
- Total assets, end of year
- $737,420
- Total liabilities, end of year
- $6,025
- Net assets, end of year
- $731,395
- Land, buildings and equipment
- $263
- Gross receipts
- $625,171
- Employees
- 12
- Volunteers
- 471
- Year formed
- 2006
- State of legal domicile
- FL
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Bakelman | Executive Director Key employee, Former | 40 | $153,200 |
| Debra S Frenkel | Founder and director Trustee or director, Officer, Key employee | 40 | $123,930 |
| Mike Clover | Director Trustee or director | 0 | $0 |
| Keith Perfect | Vice Chair/Secretary Trustee or director, Officer | 0 | $0 |
| Dawn Read Diehl | Chairman Trustee or director, Officer | 0 | $0 |
| Scott Ward | Director Trustee or director | 0 | $0 |
| Thomas Dammrich | Director Trustee or director | 0 | $0 |
| Mary Lee Pierce | Director Trustee or director | 0 | $0 |
| Jim Hunt | Director Trustee or director | 0 | $0 |
| Dan Lane | Director Trustee or director | 0 | $0 |
| Jeff Gage | Director Trustee or director | 0 | $0 |
| Brian Work | Director Trustee or director | 0 | $0 |
| Thomas Gordy | Director Trustee or director | 0 | $0 |
| Walter Johnson | Director Trustee or director | 0 | $0 |
| Michael Kincaid | Director Trustee or director | 0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dennis Dunham | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Debra S Frenkel | Founder and director Trustee or director, Officer | 40 | $145,487 |
| Mike Clover | Director Trustee or director | 0 | $0 |
| Keith Perfect | Secretary Trustee or director, Officer | 0 | $0 |
| Dawn Read Diehl | Chairman Trustee or director, Officer | 0 | $0 |
| Paul Stephan | Treasurer Trustee or director, Officer | 0 | $0 |
| Edward C Dernuci | Director Trustee or director | 0 | $0 |
| Scott Ward | Director Trustee or director | 0 | $0 |
| Thomas Dammrich | Director Trustee or director | 0 | $0 |
| Mary Lee Pierce | Director Trustee or director | 0 | $0 |
| Daniel Knupp | Director Trustee or director | 0 | $0 |
| Jim Hunt | Director Trustee or director | 0 | $0 |
| Dan Lane | Director Trustee or director | 0 | $0 |
| Jeff Gage | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Debra S Frenkel | Founder and director Trustee or director, Officer | 40 | $101,075 |
| Mike Clover | President Trustee or director, Officer | 0 | $0 |
| Keith Perfect | Secretary Trustee or director, Officer | 0 | $0 |
| Dawn Read Diehl | Vice President Trustee or director, Officer | 0 | $0 |
| Paul Stephan | Treasurer Trustee or director, Officer | 0 | $0 |
| John Weller | Director Trustee or director | 0 | $0 |
| Edward C Dernuci | Director Trustee or director | 0 | $0 |
| Scott Ward | Director Trustee or director | 0 | $0 |
| Thomas Dammrich | Director Trustee or director | 0 | $0 |
| Frank Corvino | Director Trustee or director | 0 | $0 |
| Mary Lee Pierce | Director Trustee or director | 0 | $0 |
| Daniel Knupp | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 895 10TH ST SOUTH STE 302F, NAPLES, FL 34102-6949
- Principal officer (990 for 2025)
- Debra S Frenkel, 895 10th Street South, Naples, FL 34102
- Signed the 990
- Thomas Dammrich, Treasurer
- Phone
- (239) 263-2377
- Return prepared by
- Charles A Krblich PA
Mission
To provide boating oportunities and marine related education for people with diabilities, veterans, and youth at risk.
Program accomplishments
- The Organization established and supports accessible(disabled)sailing programs in Naples, FL and conducts therapeutic boating and fishing outings for cancer patients and survivors, disabled children and adults, and veterans. The Organiztion served 4,675 participants in 2024 and 6,926 participants in 2025 To accomplish their mission, the Organization depends on in-kind donations of vessels, the value of which was $367,592 in 2024 and $464,313 in 2025Expenses $704,789
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-4513735
- 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
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N67)
- Assets (IRS master file)
- $737,420
- Income (IRS master file)
- $625,171
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $538,689 | $1,097,690 | $737,420 | XML |
| 990 | December 2024 | $1,557,097 | $694,433 | $1,299,484 | XML |
| 990 | December 2023 | $601,094 | $713,262 | $427,732 | XML |
| 990 | December 2022 | $594,224 | $585,435 | $533,588 | IRS |
| 990 | December 2021 | $673,720 | $569,708 | $524,799 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 20-4513735).
Questions about FREEDOM WATERS FOUNDATION INC
- What is the EIN of FREEDOM WATERS FOUNDATION INC?
- The employer identification number (EIN) of FREEDOM WATERS FOUNDATION INC is 20-4513735.
- Is FREEDOM WATERS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to FREEDOM WATERS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FREEDOM WATERS 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 FREEDOM WATERS FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FREEDOM WATERS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FREEDOM WATERS FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names Debra S Frenkel.
- Who are the officers and directors of FREEDOM WATERS FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 16 people; 2 received compensation from the organization, the highest $153,200 (David Bakelman, Executive Director).
- How much revenue does FREEDOM WATERS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $538,689, expenses of $1,097,690 and total assets of $737,420 at year end.
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