The Freedom Institute Inc

EIN: 852644215 501(c)(3) Crime & Legal

Grand Junction, CO

Total Revenue
$1,544,176
Total Expenses
$1,448,349
Total Assets
$285,703
Net Assets
$277,283
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
CO
Principal Officer
Micah Espinoza
Phone
9707785558
Tax Period
2022-07-01 to 2023-06-30

The Freedom Institute Inc, founded in 2020, is a community nonprofit in the Crime & Legal sector that reported $1.5M in total revenue in fiscal year 2022. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 6% surplus.

Mission

The Freedom Institute exists to break the generational cycle of poverty and incarceration by rebuilding lives, restoring families and revitalizing communities.

Program Service Accomplishments

Program 1
Expenses: $439,226

Western Slope WAGEES Through fostering strong partnerships with the Colorado Dept of Corrections and our community, the Western Slope WAGEEs program provides direct service support to help...

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Western Slope WAGEES Through fostering strong partnerships with the Colorado Dept of Corrections and our community, the Western Slope WAGEEs program provides direct service support to help individuals successfully transition back into society, after incarceration. We are not about our participants past, we are about their future. We believe in and value our participants as worthy partners with lived-experience. And through healthy partnership, we all win. This success is achieved through reentry supportive services, case management, stabilization, mentorship, life skills development, educational and employment goal setting and placement as well as self-actualization, the process by which an individual reaches his or her full potential.

Program 2
Expenses: $311,329 Revenue: $122,562

Transitional Housing TFIs Housing Program exists to provide housing support, guidance, resources and hope for participants to avoid destitution and safely transition from incarceration or...

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Transitional Housing TFIs Housing Program exists to provide housing support, guidance, resources and hope for participants to avoid destitution and safely transition from incarceration or homelessness. This success is achieved by securing participants with a transitional-home then guiding them to stable housing, with the end goal of home ownership for those who qualify. We provide a healthy environment, where participants engage in a culture of care, responsibility and accountability. They receive guided support to develop the skills necessary to create practical pathways leading them to safe, stable and self-sufficient housing.

Program 3
Expenses: $331,498 Revenue: $281,779

Social Enterprise Freedom Industries was birthed out of a need to provide participants with training and employment opportunities that would supersede the stigma associated with incarceration. By...

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Social Enterprise Freedom Industries was birthed out of a need to provide participants with training and employment opportunities that would supersede the stigma associated with incarceration. By validating our participants inherit worth and potential, we restore their dignity and offer them a career pathway. This success is achieved through apprenticeships and vocational employment. Freedom Industries partners with local community businesses to hire and train our participants in a specific trade. We develop skills for life stability and create community through teams, while cultivating work ethic and responsibility. It is our goal to to produce healthy, contributing members of society by training and staffing participants in all levels of employement including helping them to launch their own business, when possible.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,135,212
Program Service Revenue $404,341
Investment Income $68
Other Revenue $4,555
TOTAL REVENUE $1,544,176

Expense Breakdown

Grants Paid $109,382
Salaries & Benefits $738,337
Fundraising Expenses $0
Program Expenses $1,424,131
Other Expenses $600,630
TOTAL EXPENSES $1,448,349

Year-over-Year Comparison

2022 2021 Change
Revenue $1,544,176 $967,201 +0.6%
Expenses $1,448,349 $1,034,258 +0.4%
Net Income $95,827 $-67,057 -2.4%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
37
Volunteers
100

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
$82,000
Total Directors
3
$82,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Micah Espinoza President/CEO 045.00
Officer Director
$82,000 $0 $82,000
William Page Treasurer 001.00
Officer Director
$0 $0 $0
Tim Denning Secretary 001.00
Officer 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
2023 $1,544,176 $1,448,349 $285,703 $95,827
2022 $967,201 $1,034,258 $205,845 $-67,057
2021 $921,081 $604,434 $318,387 $316,647
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