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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 56-2024977

CAROLINAS FREEDOM FOUNDATION

Tax-exempt · CHARLOTTE, NC 28226

Financials

$87K$81K2023$106K$83K2024
Revenue Expenses · by fiscal year end
Financials of CAROLINAS FREEDOM FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$106,268$83,296$22,972$80,764–$80,764
December 31, 2023990-EZ$87,315$81,336$5,979$57,792–$57,792
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$95,964
Program service revenue
$0
Investment income
$0
Net gain from sales of assets
$10,304

Expenses

Compensation of officers, directors and key employees
$48,000
Salaries, compensation and benefits (total)
$48,000
Occupancy
$1,471
Other expenses
$33,825
Program services (functional)
$32,543

Balance sheet and other

Total assets, start of year
$57,792
Total assets, end of year
$80,764
Total liabilities, end of year
–
Net assets, end of year
$80,764
Cash, savings and investments
$79,564
Gross receipts
$153,569

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-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
SUSAN YARBEREXEC. DIRECTOR30$48,000
990-EZ for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
SUSAN YARBEREXEC. DIRECTOR30$48,000

Address and contacts

Address (IRS master file)
7804 FAIRVIEW ROAD 284, CHARLOTTE, NC 28226-4998
Signed the 990-EZ
GRAY LANGLEY, TREASURER
Phone
(980) 422-3733
Return prepared by
FARRIS COOKE & ASSOCIATES PA

Mission

The Carolinas Freedom Foundation mission is to inspire patriotism and leadership in our community, especially in our youth.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • FREEDOM BREAKFAST: OVER 125 PEOPLE ATTENDED A BREAKFAST/ FUNDRAISER HONORING BOTH VETERANS AND CIVILIANS FOR OUTSTANDING SERVICE TO OUR COUNTRYTHROUGH THEIR PAST AND CURRENT MERITORIOUS ACTS OF SELFLESS SERVICE
    Expenses $28,883
  • SPONSORSHIP OF YOUTH CHARACTER BUILDING CAMP APPROXIMATELY 10 PARTICIPANTS
    Expenses $3,660

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-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-EZ for CAROLINAS FREEDOM FOUNDATION

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
56-2024977
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
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$80,764
Income (IRS master file)
$153,569

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$106,268$83,296$80,764IRS
990-EZDecember 2023$87,315$81,336$57,792IRS
990-EZDecember 2022–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––IRS
990-EZDecember 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 56-2024977).

Questions about CAROLINAS FREEDOM FOUNDATION

What is the EIN of CAROLINAS FREEDOM FOUNDATION?
The employer identification number (EIN) of CAROLINAS FREEDOM FOUNDATION is 56-2024977.
Is CAROLINAS FREEDOM FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to CAROLINAS FREEDOM FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CAROLINAS FREEDOM FOUNDATION 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 CAROLINAS FREEDOM FOUNDATION 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 CAROLINAS FREEDOM FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of CAROLINAS FREEDOM FOUNDATION?
The 990-EZ for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $48,000 (SUSAN YARBER, EXEC. DIRECTOR).
How much revenue does CAROLINAS FREEDOM FOUNDATION have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $106,268, expenses of $83,296 and total assets of $80,764 at year end.

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