Joshua M Freeman Foundation

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Joshua M Freeman Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Joshua M Freeman Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Joshua M Freeman Foundation in one place.

Is Joshua M Freeman Foundation Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Joshua M Freeman Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Joshua M Freeman Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Joshua M Freeman Foundation

Joshua M Freeman Foundation (EIN: 208592383) is a nonprofit organization based in Selbyville, DE, classified under NTEE code A60. The organization reported total revenue of $20.1M and total assets of $9.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joshua M Freeman Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Joshua M Freeman Foundation is a large nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 21.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Joshua M Freeman Foundation reported a surplus of $1.1M with revenue exceeding expenses, holds 8.8 months of operating reserves (strong position), has a debt-to-asset ratio of 11.8% (very low leverage).

Financial Trends

Over 14 years of filings (2010–2023), Joshua M Freeman Foundation's revenue has grown at a compound annual growth rate (CAGR) of 21.5%.

IRS Tax-Exempt Classification

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 Joshua M Freeman Foundation with a Mission Score of 90 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: 85%
• fundraising: 5%

According to IRS 990 filings, Joshua M Freeman Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $1.1M, with revenue exceeding expenses.
• Debt-to-asset ratio: 11.8%.

Executive Compensation Analysis

The Joshua M Freeman Foundation consistently reports 0% officer compensation across all available filings, indicating that its executive leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation on the IRS 990, which is highly unusual for an organization of its size with over $13 million in annual revenue.

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 Joshua M Freeman Foundation's IRS 990 filings:

• Unusually low liabilities relative to assets in some earlier years (e.g., $240,016 liabilities vs $2,681,666 assets in 2018), which could indicate aggressive asset management or specific funding structures.
• Reporting 0% officer compensation for an organization with over $13 million in annual revenue is highly unusual and warrants further investigation into how leadership is compensated or sustained.

Strengths

The following positive indicators were identified for Joshua M Freeman Foundation:

• Strong and consistent revenue growth, from $1.98 million in 2020 to $13.00 million in 2023.
• Significant asset accumulation, increasing from $3.98 million in 2020 to $8.76 million in 2023.
• Expenses closely track revenue, suggesting efficient deployment of funds towards its mission (e.g., $11.91 million expenses vs $13.00 million revenue in 2023).
• Consistent reporting of 0% officer compensation, indicating a potential commitment to minimizing administrative overhead at the executive level.
• Healthy financial reserves with assets significantly exceeding liabilities.

Frequently Asked Questions about Joshua M Freeman Foundation

Filing History

IRS 990 filing history for Joshua M Freeman Foundation showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Joshua M Freeman Foundation's revenue has grown by 1163.8%, moving from $1.0M to $13.0M. Total assets increased by 751.8% over the same period, from $1.0M to $8.8M. Total functional expenses rose by 1159.4%, from $946K to $11.9M. In its most recent filing year (2023), Joshua M Freeman Foundation reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $1.0M in liabilities against $8.8M in assets (debt-to-asset ratio: 11.8%), resulting in net assets of $7.7M.

Year-by-Year Financial Summary

• 2023: Revenue of $13.0M, expenses of $11.9M, and assets of $8.8M (revenue -2.8% year-over-year).
• 2022: Revenue of $13.4M, expenses of $12.0M, and assets of $8.0M (revenue +22.9% year-over-year).
• 2021: Revenue of $10.9M, expenses of $8.0M, and assets of $7.0M (revenue +449.7% year-over-year).
• 2020: Revenue of $2.0M, expenses of $1.9M, and assets of $4.0M (revenue -69.7% year-over-year).
• 2019: Revenue of $6.5M, expenses of $6.4M, and assets of $3.9M (revenue -17.0% year-over-year).
• 2018: Revenue of $7.9M, expenses of $9.9M, and assets of $2.7M (revenue +82.1% year-over-year).
• 2017: Revenue of $4.3M, expenses of $4.3M, and assets of $4.9M (revenue +31.8% year-over-year).
• 2016: Revenue of $3.3M, expenses of $3.2M, and assets of $4.9M (revenue +21.5% year-over-year).
• 2015: Revenue of $2.7M, expenses of $2.7M, and assets of $4.5M (revenue -26.4% year-over-year).
• 2014: Revenue of $3.7M, expenses of $2.0M, and assets of $4.4M (revenue +11.4% year-over-year).
• 2013: Revenue of $3.3M, expenses of $2.0M, and assets of $2.7M (revenue +86.8% year-over-year).
• 2012: Revenue of $1.8M, expenses of $1.5M, and assets of $1.3M (revenue +27.2% year-over-year).
• 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $1.1M (revenue +34.8% year-over-year).
• 2010: Revenue of $1.0M, expenses of $946K, and assets of $1.0M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Joshua M Freeman Foundation:

Data Sources and Methodology

This transparency report for Joshua M Freeman 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.