Nonprofit · EIN 52-6047536
CARL M FREEMAN FOUNDATION INC
Tax-exempt · SELBYVILLE, DE 19975
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $6,510,449 | $6,400,740 | $109,709 | $116,131,534 | $3,828 | $116,127,706 |
| December 31, 2024 | 990-PF | $6,517,448 | $5,517,673 | $999,775 | $114,137,601 | $144 | $114,137,457 |
| December 31, 2023 | 990-PF | $3,824,587 | $6,461,686 | -$2,637,099 | $110,783,277 | $75,863 | $110,707,414 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $1,338,715
- Interest
- $18,917
- Net rental income
- $1,716,831
- Net gain from sales of assets
- $3,429,729
- Other income
- $6,257
Expenses
- Grants and similar amounts paid
- $5,178,369
- Compensation of officers, directors and key employees
- $339,673
- Salaries, compensation and benefits (total)
- $132,960
- Disbursements for charitable purposes
- $5,876,979
- Excise tax on investment income
- $82,942
Balance sheet and other
- Total assets, start of year
- $114,137,601
- Total assets, end of year
- $116,131,534
- Total liabilities, end of year
- $3,828
- Net assets, end of year
- $116,127,706
- Fair market value of assets
- $116,131,534
- Qualifying distributions
- $5,876,979
- Net investment income
- $6,329,039
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHELLE L FREEMAN 31255 AMERICAN PARKWAY, SELBYVILLE, DE 19975 | CHAIR/PRESIDENT | 14 | $142,491 | $0 |
| PATTI GRIMES 31255 AMERICAN PARKWAY, SELBYVILLE, DE 19975 | EXECUTIVE DIRECTOR | 20 | $141,643 | $4,127 |
| CHRISTINE A SHREVE 31255 AMERICAN PARKWAY, SELBYVILLE, DE 19975 | TRUSTEE | 4 | $0 | $0 |
| NICHOLAS FREEMAN 31255 AMERICAN PARKWAY, SELBYVILLE, DE 19975 | SECRETARY/DIRECTOR | 4 | $0 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHELLE L FREEMAN 31255 AMERICAN PARKWAY, SELBYVILLE, DE 19975 | CHAIRMAN/PRESIDENT | 14 | $142,491 | $0 |
| PATTI GRIMES 31255 AMERICAN PARKWAY, SELBYVILLE, DE 19975 | EXECUTIVE DIRECTOR | 20 | $136,853 | $3,821 |
| CHRISTINE A SHREVE 31255 AMERICAN PARKWAY, SELBYVILLE, DE 19975 | TREASURER/VICE CHAIRMAN/DIRECTOR | 4 | $0 | $0 |
| NICHOLAS FREEMAN 31255 AMERICAN PARKWAY, SELBYVILLE, DE 19975 | SECRETARY/DIRECTOR | 4 | $0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHELLE L FREEMAN 31255 AMERICAN PARKWAY, SELBYVILLE, DE 19975 | CHAIRMAN/PRESIDENT | 14 | $138,341 | $0 |
| PATTI GRIMES 31255 AMERICAN PARKWAY, SELBYVILLE, DE 19975 | EXECUTIVE DIRECTOR | 20 | $132,867 | $3,710 |
| CHRISTINE A SHREVE 31255 AMERICAN PARKWAY, SELBYVILLE, DE 19975 | TREASURER/VICE CHAIRMAN/DIRECTOR | 4 | $0 | $0 |
| NICHOLAS FREEMAN 31255 AMERICAN PARKWAY, SELBYVILLE, DE 19975 | SECRETARY/DIRECTOR | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 31255 AMERICANA PKWY, SELBYVILLE, DE 19975-4690
- Signed the 990-PF
- MICHELLE FREEMAN, CHAIR & PRESIDENT
- Phone
- (302) 551-6743
- Return prepared by
- BARBACANE THORNTON & COMPANY LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 52-6047536
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $116,131,534
- Income (IRS master file)
- $23,598,612
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $6,510,449 | $6,400,740 | $116,131,534 | XML |
| 990-T | December 2025 | – | – | – | IRS |
| 990-PF | December 2024 | $6,517,448 | $5,517,673 | $114,137,601 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $3,824,587 | $6,461,686 | $110,783,277 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | 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 52-6047536).
Questions about CARL M FREEMAN FOUNDATION INC
- What is the EIN of CARL M FREEMAN FOUNDATION INC?
- The employer identification number (EIN) of CARL M FREEMAN FOUNDATION INC is 52-6047536.
- Is CARL M FREEMAN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to CARL M FREEMAN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CARL M FREEMAN FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CARL M FREEMAN 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 CARL M FREEMAN FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of CARL M FREEMAN FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 2 received compensation from the organization, the highest $142,491 (MICHELLE L FREEMAN, CHAIR/PRESIDENT).
- How much revenue does CARL M FREEMAN FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $6,510,449, expenses of $6,400,740 and total assets of $116,131,534 at year end.
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