THE FREEDOM TO HELP FOUNDATION INC

EIN: 881328920 501(c)(3) Philanthropy & Grantmaking

BEL AIR, MD

Total Revenue
$232,308
Total Expenses
$169,431
Total Assets
$62,877
Net Assets
$62,877
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
MD
Principal Officer
MICHAEL MACPHERSON
Phone
8004404120
Tax Period
2023-01-01 to 2023-12-31

THE FREEDOM TO HELP FOUNDATION INC, founded in 2022, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $232K in total revenue in fiscal year 2023. The organization ran a surplus of $63K, a strong 27% operating margin.

Mission

THE FREEDOM TO HELP FOUNDATIONS MISSION IS TO ENRICH THE COMMUNITIES THEY SERVE, EMPOWER INDIVIDUAL SUCCESS THROUGH EDUCATION, PROVIDE RESOURCES FOR HEALTH AND WELLNESS, AND TO SUPPORT THE MILITARY AND THEIR FAMILIES.

Program Service Accomplishments

Program 1
Expenses: $53,227 Revenue: $0

EDUCATION IS ONE OF THE PILLARS OF SUPPORT FOR THE FOUNDATION, ENSURING STUDENTS AND FACULTY HAVE THE RESOURCES THEY NEED TO ACHIEVE THEIR DREAMS AND ASPIRATIONS. THE FOUNDATION INVESTS IN STUDENTS...

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EDUCATION IS ONE OF THE PILLARS OF SUPPORT FOR THE FOUNDATION, ENSURING STUDENTS AND FACULTY HAVE THE RESOURCES THEY NEED TO ACHIEVE THEIR DREAMS AND ASPIRATIONS. THE FOUNDATION INVESTS IN STUDENTS AND FACULTY THROUGH SCHOLARSHIPS, PROVIDING CLASSROOM SUPPLIES, CLASSROOM PROGRAM INVESTMENTS, AND RESOURCES FOR THOSE PURSUING HIGHER EDUCATION AND CAREER TRAINING. IN 2023, THE FOUNDATION PROVIDED OVER $53,000 IN FINACIAL SUPPORT FOR NUMEROUS EDUCATIONAL INITIATIVES FOR PUBLIC SCHOOLS, COMMUNITY COLLEGES, AND OTHER EDUCATIONAL INSTITUTIONS.

Program 2
Expenses: $43,000 Revenue: $0

IN 2023, THE FOUNDATION SUPPORTED OVER 80 COMMUNITY ORGANIZATIONS AND NONPROFIT ORGANIZATIONS WITH FINANCIAL SUPPORT. THE FOUNDATION MAKES A SIGNIFICANT DIFFERENCE IN THE LIVES OF SO MANY, OFFERING...

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IN 2023, THE FOUNDATION SUPPORTED OVER 80 COMMUNITY ORGANIZATIONS AND NONPROFIT ORGANIZATIONS WITH FINANCIAL SUPPORT. THE FOUNDATION MAKES A SIGNIFICANT DIFFERENCE IN THE LIVES OF SO MANY, OFFERING HOPE, OPPORTUNIY, AND A BRIGHTER FUTURE. OUR UNWAVERING COMMITMENT WILL ALWAYS BE CENTERED AROUND PEOPLE. OUR FOCUS IS ON THE POSITIVE IMPACT WE CAN CREATE IN THE LIVES OF INDIVIDUALS WITHIN THE COMMUNITIES WE SERVE.

Program 3
Expenses: $40,500 Revenue: $0

ADDRESSING THE WELLNESS NEEDS OF HEALTHCARE WORKERS WHO SELFLESSLY CARE FOR THEIR PATIENTS AND THE COMMUNITIES WE SERVE IS ANOTHER PILLAR OF THE FOUNDATION. IN 2023, THE FOUNDATION PROVIDED OVER...

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ADDRESSING THE WELLNESS NEEDS OF HEALTHCARE WORKERS WHO SELFLESSLY CARE FOR THEIR PATIENTS AND THE COMMUNITIES WE SERVE IS ANOTHER PILLAR OF THE FOUNDATION. IN 2023, THE FOUNDATION PROVIDED OVER $40,000 IN FINANCIAL SUPPORT FOR WELLNESS PROGRAMS FOR HEALTHCARE STAFF, INCLUDING INITIATIVES LIKE THE CONSTRUCTION OF A NEW FITNESS CENTER FOR STAFF, THE CREATION OF DAILY WELLNESS CARTS,A HARDSHIP FUND, AS WELL AS FINANCIAL SUPPORT TO WELLNESS ORGANIZATIONS AND THEIR STAFF.

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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 $232,114
Program Service Revenue $0
Investment Income $194
Other Revenue $0
TOTAL REVENUE $232,308

Expense Breakdown

Grants Paid $163,494
Salaries & Benefits $0
Fundraising Expenses $2,770
Program Expenses $163,494
Other Expenses $5,937
TOTAL EXPENSES $169,431

Year-over-Year Comparison

2023 2022 Change
Revenue $232,308 N/A N/A
Expenses $169,431 N/A N/A
Net Income $62,877 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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Financial Health Indicators

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Governance

Voting Members
5
Independent Members
1
Employees
N/A
Volunteers
9

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
6
$931,435
Total Directors
6
$931,435
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL MACPHERSON CHAIRMAN 0.50
Officer Director
$0 $1,535 $280,232
MICHELE YOUNG VICE CHAIRMAN 0.50
Officer Director
$0 $15,714 $203,393
GEORGE HEIDELMAIER COMMITTEE CHAIR 0.50
Officer Director
$0 $0 $0
PHILLIP KEITH GILL COMMITTEE CHAIR 0.50
Officer Director
$0 $12,934 $204,723
MARCUS JOHNSON COMMITTEE CHAIR 0.50
Officer Director
$0 $8,229 $77,833
CARMEN MIRABILE EXECUTIVE DIRECTOR 3.00
Officer Director
$0 $1,312 $165,254
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 $232,308 $169,431 $62,877 $62,877
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