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Nonprofit · EIN 45-4317604

DFREE GLOBAL FOUNDATION INC

Tax-exempt · SOMERSET, NJ 08873

Financials

$309K$522K2023$495K$676K2024
Revenue Expenses · by fiscal year end
Financials of DFREE GLOBAL FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$494,548$676,369-$181,821$71,695$165,459-$93,764
December 31, 2023990$309,193$521,705-$212,512$183,999$95,942$88,057
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$488,787
Program service revenue
$5,756
Investment income
$5
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$32,500
Occupancy
$36,000
Travel
$13,797
Depreciation
$20,077
Program services (functional)
$575,856
Management and general (functional)
$100,513

Balance sheet and other

Total assets, start of year
$183,999
Total assets, end of year
$71,695
Total liabilities, end of year
$165,459
Net assets, end of year
-$93,764
Land, buildings and equipment
$52,189
Net assets without donor restrictions
-$93,764
Gross receipts
$494,548
Employees
0
Volunteers
60
Year formed
2012
State of legal domicile
NJ

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 / weekCompensation
LESLIE ANDERSONBOARD MEMBER
Trustee or director
5$0
REV DR DANIELLE BROWNBOARD MEMBER
Trustee or director
5$0
CAYLA COUSINSBOARD MEMBER
Trustee or director
5$0
ADANNA DAVISBOARD MEMBER
Trustee or director
5$0
TREVOR HYDESECRETARY
Trustee or director, Officer
5$0
REV DR DEFOREST B SOARIES JRCHAIR
Trustee or director, Officer
5$0
SCOTT JEFFERYBOARD MEMBER
Trustee or director
5$0
REV TREVOR HYDE JRBOARD MEMBER
Trustee or director
5$0
VAUGHN MCKOYCO-CHAIR
Trustee or director, Officer
5$0
MARTIN SOARIESBOARD MEMBER
Trustee or director
5$0
JANEEN UZZELLBOARD MEMBER
Trustee or director
5$0
REV DR DARRYL K WEBSTERBOARD MEMBER
Trustee or director
5$0
TRACEY WINGO-CAMPBELLBOARD MEMBER
Trustee or director
5$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensation
LESLIE ANDERSONBOARD MEMBER
Trustee or director
2$0
REV DR DANIELLE BROWNBOARD MEMBER
Trustee or director
2$0
CAYLA COUSINSBOARD MEMBER
Trustee or director
2$0
ADANNA DAVISBOARD MEMBER
Trustee or director
2$0
CARRIE GARCISSECRETARY
Trustee or director
2$0
REV DR DEFOREST B SOARIES JRPRESIDENT
Trustee or director, Officer
2$0
JAMES JACKSONTREASURER
Trustee or director
2$0
SCOTT JEFFERYBOARD MEMBER
Trustee or director
2$0
REV TREVOR HYDE JRBOARD MEMBER
Trustee or director
2$0
VAUGHN MCKOYBOARD MEMBER
Trustee or director
2$0
MARTIN SOARIESVICE PRESIDE
Trustee or director, Officer
2$0
JANEEN UZZELLBOARD MEMBER
Trustee or director
2$0
REV DR DARRYL K WEBSTERBOARD MEMBER
Trustee or director
2$0
TRACEY WINGO-CAMPBELLBOARD MEMBER
Trustee or director
2$0

Address and contacts

Address (IRS master file)
606 FRANKLIN BLVD SUITE 2, SOMERSET, NJ 08873-3647
Principal officer (990 for 2024)
REV DR DEFOREST B SOARIES JR, 606 FRANKLIN BLVD SUITE 2, SOMERSET, NJ 08873
Signed the 990
REV DR DEFOREST B SOARIES JR, CHAIR
Phone
(732) 839-2492
Return prepared by
HAMILTON MERCER ADVISORS

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE AND EDUCATE THE PUBLIC ABOUT FINANCIAL LITERACY. THE D-FREE PROGRAM'S PURPOSE IS TO MOTIVATE INDIVIDUALS THAT ARE IN FINANCIAL CRISIS TO LEAD A DEBT-FREE LIFE. THE ORGANIZATION PROVIDES GUIDANCE AND FINANCIAL COUNSELING USING THE "D-FREE" LIVING STRATEGY.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION SUPPORTS A GRASS ROOTS STRATEGY CALLED "DFREE" LIVING THAT EDUCATES PEOPLE ABOUT FINANCIAL LITERACY. THE INDIVIDUALS RECEIVE FINANCIAL COUNSELING AND GUIDANCE THROUGH EDUCATION, LECTURES AND MATERIALS.
    Expenses $575,856 · revenue $5,756

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
45-4317604
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
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P51)
Assets (IRS master file)
$71,695
Income (IRS master file)
$494,548

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$494,548$676,369$71,695IRS
990December 2023$309,193$521,705$183,999XML
990December 2022$1,532,089$1,450,516$349,121IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 45-4317604).

Questions about DFREE GLOBAL FOUNDATION INC

What is the EIN of DFREE GLOBAL FOUNDATION INC?
The employer identification number (EIN) of DFREE GLOBAL FOUNDATION INC is 45-4317604.
Is DFREE GLOBAL FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to DFREE GLOBAL FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DFREE GLOBAL 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 DFREE GLOBAL 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 DFREE GLOBAL 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 DFREE GLOBAL FOUNDATION INC?
The 990 for the year ended December 31, 2024 names REV DR DEFOREST B SOARIES JR.
Who are the officers and directors of DFREE GLOBAL FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
How much revenue does DFREE GLOBAL FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $494,548, expenses of $676,369 and total assets of $71,695 at year end.

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