FREEDOM PARK ASSOCIATION

EIN: 320168285 501(c)(3) Arts, Culture & Humanities

CAMANO ISLAND, WA

Total Revenue
$43,674
Total Expenses
$19,090
Total Assets
$87,744
Net Assets
$85,748
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
WA
Principal Officer
BRANDON ERICSON
Phone
4253749135
Tax Period
2024-07-03 to 2024-12-31

FREEDOM PARK ASSOCIATION, founded in 2006, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $44K in total revenue in fiscal year 2024. The organization ran a surplus of $25K, a strong 56% operating margin.

Mission

THE FREEDOM PARK ASSOCIATION GOVERNS FREEDOM PARK, WHICH IS A PRIVATELY FUNDED PARK, OPEN TO THE PUBLIC. THE ORGANIZATION STEWARDS THE FUNDS THAT CARE FOR THE PARK.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $25,686
Program Service Revenue $17,234
Investment Income $754
Other Revenue $0
TOTAL REVENUE $43,674

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $125
Program Expenses $18,483
Other Expenses $19,090
TOTAL EXPENSES $19,090

Year-over-Year Comparison

2024 2023 Change
Revenue $43,674 N/A N/A
Expenses $19,090 N/A N/A
Net Income $24,584 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
45

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE NESTOR PRESIDENT 1.00
Officer Director
$0 $0 $0
GRANT SHAW VICE PRESIDE 1.00
Officer Director
$0 $0 $0
JESSICA MCCREADY SECRETARY 1.00
Officer Director
$0 $0 $0
BRANDON ERICSON TREASURER 2.00
Officer Director
$0 $0 $0
CHUCK SCHUFREIDER MEMBER AT LA 1.00
Director
$0 $0 $0
RANDY HEAGLE HONORARY MEM 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $43,674 $19,090 $87,744 $24,584
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