Freede Family Foundation
Freede Family Foundation maintains strong assets despite fluctuating revenue and occasional deficit spending.
EIN: 202027759 · Oklahoma City, OK · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $399K |
| Total Expenses | $106K |
| Program Spending | 90% |
| Net Assets | $889K |
| Transparency Score | 85/100 |
Is Freede Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Freede Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Freede Family Foundation
Freede Family Foundation (EIN: 202027759) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code T22. The organization reported total revenue of $399K and total assets of $889K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freede Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freede Family Foundation is a small nonprofit that has been operating for 20 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -33.4%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $106K |
| Surplus / Deficit | $-104,614 |
| Total Assets | $889K |
| Total Liabilities | $1 |
| Net Assets | $889K |
| Operating Margin | -7035.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 100.5 months |
Financial Health Grade: B
In 2020, Freede Family Foundation reported a deficit of $105K with expenses exceeding revenue, holds 100.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Freede Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -33.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -98.3% | +45.4% | -10.5% |
| 2019 | +19.5% | +15.5% | +14.8% |
| 2015 | -41.2% | +2.0% | +1.0% |
| 2014 | +49.3% | +9.3% | +7.5% |
| 2013 | +15.6% | -38.6% | +3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Freede Family Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Freede Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $105K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is highly efficient for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Freede Family Foundation's IRS 990 filings:
- Significant deficit spending in some periods (e.g., 202012 expenses of $106,101 far exceeded revenue of $1,487)
Strengths
The following positive indicators were identified for Freede Family Foundation:
- Consistent absence of officer compensation (0%)
- Strong asset base ($888,580 in 202012)
- Minimal liabilities across all filing periods
- Consistent IRS 990 filing history
Frequently Asked Questions about Freede Family Foundation
Is Freede Family Foundation a legitimate charity?
Freede Family Foundation (EIN: 202027759) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 85/100. It has 7 years of IRS 990 filings on record. Total revenue: $399K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Freede Family Foundation spend its money?
Freede Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Freede Family Foundation tax-deductible?
Freede Family Foundation is registered as a tax-exempt nonprofit (EIN: 202027759). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Freede Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Freede Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Freede Family Foundation located?
Freede Family Foundation is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 202027759. It is classified under NTEE code T22.
How many years of IRS 990 filings does Freede Family Foundation have?
Freede Family Foundation has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $399K in total revenue.
How does the Freede Family Foundation manage its expenses when revenue significantly drops, as seen in 202012?
In 202012, the foundation's revenue was $1,487, while expenses were $106,101. This indicates that the foundation likely drew upon its existing assets or prior year's accumulated funds to cover its operational and grantmaking expenses during that period, as its assets remained substantial at $888,580.
What is the primary purpose of the Freede Family Foundation given its NTEE code T22?
NTEE code T22 typically refers to 'Family Foundations.' This suggests the foundation's primary purpose is to make grants to other organizations or individuals, often reflecting the philanthropic interests of the founding family, rather than directly operating programs.
Is the Freede Family Foundation financially stable?
Yes, the foundation appears financially stable. Despite revenue fluctuations, its assets have consistently been robust, reaching $888,580 in 202012, and its liabilities have remained negligible ($1 or $0), indicating a strong balance sheet.
Filing History
IRS 990 filing history for Freede Family Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Freede Family Foundation's revenue has declined by 97.4%, moving from $58K to $1K. Total assets increased by 11.9% over the same period, from $794K to $889K. Total functional expenses rose by 480.6%, from $18K to $106K. In its most recent filing year (2020), Freede Family Foundation reported a deficit of $105K, with expenses exceeding revenue. The organization holds $1 in liabilities against $889K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $889K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $1K | $106K | $889K | $1 | — | — |
| 2019 | $85K | $73K | $993K | $1 | — | View 990 |
| 2015 | $71K | $63K | $865K | $1 | — | View 990 |
| 2014 | $122K | $62K | $856K | $1 | — | View 990 |
| 2013 | $81K | $57K | $797K | $0 | — | View 990 |
| 2012 | $70K | $92K | $772K | $0 | — | View 990 |
| 2011 | $58K | $18K | $794K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $1K, expenses of $106K, and assets of $889K (revenue -98.3% year-over-year).
- 2019: Revenue of $85K, expenses of $73K, and assets of $993K (revenue +19.5% year-over-year).
- 2015: Revenue of $71K, expenses of $63K, and assets of $865K (revenue -41.2% year-over-year).
- 2014: Revenue of $122K, expenses of $62K, and assets of $856K (revenue +49.3% year-over-year).
- 2013: Revenue of $81K, expenses of $57K, and assets of $797K (revenue +15.6% year-over-year).
- 2012: Revenue of $70K, expenses of $92K, and assets of $772K (revenue +22.4% year-over-year).
- 2011: Revenue of $58K, expenses of $18K, and assets of $794K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freede Family Foundation:
Data Sources and Methodology
This transparency report for Freede Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.