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Nonprofit · EIN 85-2644215

FREEDOM INSTITUTE INC

Tax-exempt · GRAND JCT, CO 81501

Financials

$1.5M$1.4M2022
Revenue Expenses · by fiscal year end
Financials of FREEDOM INSTITUTE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2023990$1,544,176$1,448,349$95,827$285,703$8,420$277,283
Financial details: 990 for the year ended June 30, 2023

Revenue

Contributions, gifts and grants
$1,135,212
of which government grants
$265,700
Program service revenue
$404,341
Investment income
$68
Other revenue
$4,555

Expenses

Grants and similar amounts paid
$109,382
Compensation of officers, directors and key employees
$0
Other salaries and wages
$652,600
Salaries, compensation and benefits (total)
$738,337
Professional fundraising fees
$0
Accounting fees
$28,161
Occupancy
$317,349
Travel
$38,250
Depreciation
$14,940
Program services (functional)
$1,424,131
Management and general (functional)
$24,218

Balance sheet and other

Total assets, start of year
$205,845
Total assets, end of year
$285,703
Total liabilities, end of year
$8,420
Net assets, end of year
$277,283
Land, buildings and equipment
$39,488
Net assets without donor restrictions
$277,283
Gross receipts
$1,544,176
Employees
37
Volunteers
100
Year formed
2020
State of legal domicile
CO

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 June 30, 2023, highest compensation first.

NameTitleHours / weekCompensation
Micah EspinozaPresident/CEO
Trustee or director, Officer
45$82,000
William PageTreasurer
Trustee or director, Officer
1$0
Tim DenningSecretary
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
930 MAIN ST, GRAND JCT, CO 81501-3539
Principal officer (990 for 2022)
Micah Espinoza, 930 Main Street, Grand Junction, CO 81501
Signed the 990
Micah Espinoza, President
Phone
(970) 778-5558
Return prepared by
Foundation Group Inc

Mission

The Freedom Institute exists to break the generational cycle of poverty and incarceration by rebuilding lives, restoring families and revitalizing communities.

990 for the year ended June 30, 2023

Program accomplishments

  • Western Slope WAGEES Through fostering strong partnerships with the Colorado Dept of Corrections and our community, the Western Slope WAGEEs program provides direct service support to help individuals successfully transition back into society, after incarceration. We are not about our participants past, we are about their future. We believe in and value our participants as worthy partners with lived-experience. And through healthy partnership, we all win. This success is achieved through reentry supportive services, case management, stabilization, mentorship, life skills development, educational and employment goal setting and placement as well as self-actualization, the process by which an individual reaches his or her full potential.
    Expenses $439,226 · grants $40,674
  • Transitional Housing TFIs Housing Program exists to provide housing support, guidance, resources and hope for participants to avoid destitution and safely transition from incarceration or homelessness. This success is achieved by securing participants with a transitional-home then guiding them to stable housing, with the end goal of home ownership for those who qualify. We provide a healthy environment, where participants engage in a culture of care, responsibility and accountability. They receive guided support to develop the skills necessary to create practical pathways leading them to safe, stable and self-sufficient housing.
    Expenses $311,329 · grants $1,692 · revenue $122,562
  • Social Enterprise Freedom Industries was birthed out of a need to provide participants with training and employment opportunities that would supersede the stigma associated with incarceration. By validating our participants inherit worth and potential, we restore their dignity and offer them a career pathway. This success is achieved through apprenticeships and vocational employment. Freedom Industries partners with local community businesses to hire and train our participants in a specific trade. We develop skills for life stability and create community through teams, while cultivating work ethic and responsibility. It is our goal to to produce healthy, contributing members of society by training and staffing participants in all levels of employement including helping them to launch their own business, when possible.
    Expenses $331,498 · grants $1,802 · revenue $281,779

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024Not on file

IRS record

EIN
85-2644215
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$285,703
Income (IRS master file)
$1,544,176

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2023$1,544,176$1,448,349$285,703XML
990June 2022$967,201$1,034,258$205,845IRS
990June 2021–––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 85-2644215).

Questions about FREEDOM INSTITUTE INC

What is the EIN of FREEDOM INSTITUTE INC?
The employer identification number (EIN) of FREEDOM INSTITUTE INC is 85-2644215.
Is FREEDOM INSTITUTE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to FREEDOM INSTITUTE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FREEDOM INSTITUTE 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 INSTITUTE INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FREEDOM INSTITUTE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2023.
Who is the principal officer of FREEDOM INSTITUTE INC?
The 990 for the year ended June 30, 2023 names Micah Espinoza.
Who are the officers and directors of FREEDOM INSTITUTE INC?
The 990 for the year ended June 30, 2023 lists 3 people; 1 received compensation from the organization, the highest $82,000 (Micah Espinoza, President/CEO).
How much revenue does FREEDOM INSTITUTE INC have?
On its 990 for the year ended June 30, 2023 it reported revenue of $1,544,176, expenses of $1,448,349 and total assets of $285,703 at year end.

Other nonprofits in GRAND JCT

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