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Freedom And Values Alliance Inc

Organization summary

Type of Nonprofit

Designated as a Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Category: Public, Society Benefit — Multipurpose and Other / Citizen Participation (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$13.9k (2023)

Expenses
$1.5M (2023)

Total Assets
$627k (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,927
Expenses
$1,502,902
Net Income
-$1,488,975
Net Assets
$626,749
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $13,927
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $626,749
Total Liabilities $0
Net Assets $626,749
Compensation
Key Employees and Officers Compensation Related Other
Ralph E Reed Jr (Chairman) $0 $0 $0
J Richard Mayfield Cfa (Secretary/Treasurer) $0 $0 $0
Lisa Correnti (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,721
Expenses
$2,100
Net Income
$6,621
Net Assets
$2,115,724
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $8,721
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,115,724
Total Liabilities $0
Net Assets $2,115,724
Compensation
Key Employees and Officers Compensation Related Other
Ralph E Reed Jr (Chairman) $0 $0 $0
J Richard Mayfield Cfa (Secretary/Treasurer) $0 $0 $0
Lisa Correnti (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,858
Expenses
$2,430
Net Income
$428
Net Assets
$2,109,103
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,858
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,109,103
Total Liabilities $0
Net Assets $2,109,103
Compensation
Key Employees and Officers Compensation Related Other
Ralph E Reed Jr (Chairman) $0 $0 $0
J Richard Mayfield Cfa (Secretary/Treasurer) $0 $0 $0
Lisa Correnti (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,956
Expenses
$5,232
Net Income
$2,724
Net Assets
$2,108,675
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $7,956
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,108,675
Total Liabilities $0
Net Assets $2,108,675
Compensation
Key Employees and Officers Compensation Related Other
Ralph E Reed Jr (Chairman) $0 $0 $0
J Richard Mayfield Cfa (Secretary/Treasurer) $0 $0 $0
Lisa Correnti (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,512
Expenses
$3,260
Net Income
$30,252
Net Assets
$2,105,951
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $19,180
57.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $14,332
42.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,105,951
Total Liabilities $0
Net Assets $2,105,951
Compensation
Key Employees and Officers Compensation Related Other
Ralph E Reed Jr (Chairman) $0 $0 $0
J Richard Mayfield Cfa (Secretary/Treasurer) $0 $0 $0
Lisa Correnti (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,383
Expenses
$3,430
Net Income
$13,953
Net Assets
$2,075,699
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $17,383
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,075,699
Total Liabilities $0
Net Assets $2,075,699
Compensation
Key Employees and Officers Compensation Related Other
Ralph E Reed Jr (Chairman) $0 $0 $0
J Richard Mayfield Cfa (Secretary/Treasurer) $0 $0 $0
Lisa Correnti (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,691
Expenses
$3,350
Net Income
$9,341
Net Assets
$2,061,746
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $12,691
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,061,746
Total Liabilities $0
Net Assets $2,061,746
Compensation
Key Employees and Officers Compensation Related Other
Ralph E Reed Jr (Chairman) $0 $0 $0
J Richard Mayfield Cfa (Secretary/Treasurer) $0 $0 $0
Lisa Correnti (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,773
Expenses
$6,780
Net Income
-$4,007
Net Assets
$2,052,405
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,773
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,052,405
Total Liabilities $0
Net Assets $2,052,405
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Ralph E Reed Jr (Chairman) $0 $0 $0
J Richard Mayfield Cfa (Secretary/Treasurer) $0 $0 $0
Lisa Correnti (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,772
Expenses
$0
Net Income
$2,772
Net Assets
$556,412
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,772
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $556,412
Total Liabilities $0
Net Assets $556,412
Compensation
Key Employees and Officers Compensation Related Other
Ralph E Reed Jr (President & Chairman) $0 $0 $0
J Richard Mayfield Cfa (Secretary/Treasurer) $0 $0 $0
Lisa Correnti (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,933
Expenses
$3,770
Net Income
-$837
Net Assets
$553,639
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,933
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $553,639
Total Liabilities $0
Net Assets $553,639
Compensation
Key Employees and Officers Compensation Related Other
Ralph E Reed Jr (President & Chairman) $0 $0 $0
J Richard Mayfield Cfa (Secretary/Treasurer) $0 $0 $0
Lisa Correnti (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,291
Expenses
$14,904
Net Income
-$11,613
Net Assets
$554,476
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $3,291
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $554,476
Total Liabilities $0
Net Assets $554,476
Compensation
Key Employees and Officers Compensation Related Other
Ralph E Reed Jr (President & Chairman) $0 $0 $0
J Richard Mayfield Cfa (Secretary/Treasurer) $0 $0 $0
Lisa Correnti (Director) $0 $0 $0
Jo Anne Reed (Cfo) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,315
Expenses
$12,900
Net Income
-$9,585
Net Assets
$566,089
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $3,315
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $566,089
Total Liabilities $0
Net Assets $566,089

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,005,031
Expenses
$651,557
Net Income
$353,474
Net Assets
$575,674
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,000,000
99.5%
Program Services $0
Investment Income $5,031
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $575,674
Total Liabilities $0
Net Assets $575,674

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,009,442
Expenses
$1,070,585
Net Income
-$61,143
Net Assets
$222,200
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,005,000
99.6%
Program Services $0
Investment Income $4,442
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $222,200
Total Liabilities $0
Net Assets $222,200

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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