Nonprofit · EIN 87-1224943
FOUNDATIONS OF FREEDOM INC
Tax-exempt · JACKSONVILLE, FL 32222
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $369,000 | $369,000 | $0 | $19,260 | $0 | $19,260 |
| December 31, 2023 | 990 | $243,541 | $238,109 | $5,432 | $15,905 | $0 | $15,905 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $22,664
- Program service revenue
- $346,336
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $20,008
- Benefits paid to members
- $22,887
- Compensation of officers, directors and key employees
- $90,220
- Salaries, compensation and benefits (total)
- $91,541
- Professional fundraising fees
- $0
- Occupancy
- $112,382
- Travel
- $13,663
- Program services (functional)
- $369,000
Balance sheet and other
- Total assets, start of year
- $19,260
- Total assets, end of year
- $19,260
- Total liabilities, end of year
- $0
- Net assets, end of year
- $19,260
- Net assets without donor restrictions
- $19,260
- Gross receipts
- $369,000
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2020
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Thomas Ferretti | President Officer, Key employee, Highest-paid employee | 45 | $52,000 |
| Natasha Ramdas | Co-Founder Key employee | 30 | $29,791 |
| Mark Terrell | Program Director Key employee | 40 | $1,625 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Thomas Ferretti | President Officer, Key employee, Highest-paid employee | 45 | $0 |
| Natasha Ramdas | Co-Founder Key employee | 30 | $0 |
Address and contacts
- Address (IRS master file)
- 250 CHERRY RIDGE DR APT 1435, JACKSONVILLE, FL 32222-2875
- In care of
- % THOMAS FERRETTI
- Principal officer (990 for 2024)
- Thomas Ferretti, 4145 arbor mill circle, orange park, FL 32065
- Signed the 990
- Thomas Ferretti, President
- Phone
- (904) 252-6003
Mission
CONNECTING THOSE STRUGGLING FROM ADDICTION & ALCOHOLISM WITH PURPOSE SELF LOVE AND THE TOOLS TO BUILD A FOUNDATION FOR LONG TERM RECOVERY
Program accomplishments
- Foundations of Freedom is a Christ centered recovery program that combines biblical principles along with the 12 steps. We provide our clients with a safe sober living space to reside in paired with a multitude of workshops. Foundations of Freedom provides a simple yet effective door to long-term freedom from addictions and alcoholism.Expenses $369,000 · revenue $369,000
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 | Not 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
- 87-1224943
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X20)
- Assets (IRS master file)
- $19,260
- Income (IRS master file)
- $369,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $369,000 | $369,000 | $19,260 | XML |
| 990 | December 2023 | $243,541 | $238,109 | $15,905 | XML |
| 990-EZ | December 2022 | – | – | – | 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 87-1224943).
Questions about FOUNDATIONS OF FREEDOM INC
- What is the EIN of FOUNDATIONS OF FREEDOM INC?
- The employer identification number (EIN) of FOUNDATIONS OF FREEDOM INC is 87-1224943.
- Is FOUNDATIONS OF FREEDOM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to FOUNDATIONS OF FREEDOM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATIONS OF FREEDOM 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 FOUNDATIONS OF FREEDOM 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 FOUNDATIONS OF FREEDOM 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 FOUNDATIONS OF FREEDOM INC?
- The 990 for the year ended December 31, 2024 names Thomas Ferretti.
- Who are the officers and directors of FOUNDATIONS OF FREEDOM INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $52,000 (Thomas Ferretti, President).
- How much revenue does FOUNDATIONS OF FREEDOM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $369,000, expenses of $369,000 and total assets of $19,260 at year end.
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