THE FREEBSD FOUNDATION

EIN: 841545163 501(c)(3) Science & Technology

BOULDER, CO

Total Revenue
$1,345,271
Total Expenses
$1,928,156
Total Assets
$4,924,053
Net Assets
$4,880,502
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
CO
Principal Officer
DEBBI GOODKIN
Phone
7202075142
Tax Period
2023-01-01 to 2023-12-31

THE FREEBSD FOUNDATION, founded in 2000, is a community nonprofit in the Science & Technology sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $1.9M exceeded revenue, resulting in a 43% operating deficit.

Mission

PROVIDES FUNDING FOR THE FREEBSD PROJECT AND COMMUNITY. THIS INCLUDES FUNDING FOR CONFERENCES, DEVELOPER SUMMITS, TRAVEL SPONSORSHIPS TO DEVELOPERS, AND LEGAL AID RESEARCH IN COMPUTER OPRATING SYSTEMS.

Program Service Accomplishments

Program 1
Expenses: $1,400,174 Revenue: $0

PROVIDE SOFTWARE IMPROVEMENTS, TESTING, AND OTHER SUPPORT TO THE COMPUTER OPERATING SYSTEM PROVIDED FOR FREE TO STUDENTS, RESEARCHERS, SCIENTISTS, AND OTHERS AROUND THE WORLD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,268,896
Program Service Revenue $0
Investment Income $76,375
Other Revenue $0
TOTAL REVENUE $1,345,271

Expense Breakdown

Grants Paid $0
Salaries & Benefits $955,390
Fundraising Expenses $152,285
Program Expenses $1,400,174
Other Expenses $972,766
TOTAL EXPENSES $1,928,156

Year-over-Year Comparison

2023 2022 Change
Revenue $1,345,271 $1,005,053 +0.3%
Expenses $1,928,156 $1,280,936 +0.5%
Net Income $-582,885 $-275,883 +1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
5
Employees
5
Volunteers
5

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
3
$309,995
Total Directors
6
$309,995
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBBI GOODKIN SEE SCH J EXECUTIVE DIRECTOR AND SECRETARY 40.00
Officer Director
$300,704 $9,291 $309,995
JUSTIN T GIBBS PRESIDENT AND TREASURER 5.00
Officer Director
$0 $0 $0
ANDREW WAFAA VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
CAT ALLMAN DIRECTOR 5.00
Director
$0 $0 $0
HIROKI SATO DIRECTOR 5.00
Director
$0 $0 $0
ROBERT N M WATSON DIRECTOR 5.00
Director
$0 $0 $0
JAMES EDWARD MASTE SR DIR OF TECHNOLOGY 40.00
Highest
$160,000 $9,483 $169,483
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 No data No data No data No data
2023 $1,345,271 $1,928,156 $4,924,053 $-582,885
2022 $1,005,053 $1,280,936 $5,332,223 $-275,883
2021 $1,422,525 $1,369,446 $5,820,163 $53,079
2020 $1,466,235 $1,174,561 $5,768,248 $291,674
2019 $2,395,212 $1,092,042 $5,484,328 $1,303,170
2018 $1,466,794 $867,779 $4,170,445 $599,015
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