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Searle Freedom Trust

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$8.96M (2022)

Expenses
$26.9M (2022)

Total Assets
$76.9M (2022)

Total Liabilities
$204k (2022)

Years with missing data
Source: Form 990 tax filings from 2011 to 2022

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.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,962,293
Expenses
$26,946,897
Net Income
-$17,984,604
Net Assets
$76,668,068
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $326,612
3.6%
Dividends $808,397
9.0%
Sales of Assets $7,769,766
86.7%
Other Income $57,518
0.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $26,295,876
97.6%
Compensation of Officers* $566,460
2.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $76,871,981
Total Liabilities $203,913
Net Assets $76,668,068
Compensation
Key Employees and Officers Compensation Other
Kimberly O Dennis (Executive Director) $527,460 $103,601
Courtney E Myers (Program Officer) $250,000 $58,446
Richard J Tren (Program Officer) $250,000 $57,405
Jennifer E Mcdougal (Office Manager) $96,190 $15,787
Steven F Hayward (Grant Advisor) $13,000 $15,707
Stephen Moore (Grant Advisor) $13,000 $13,000
James Piereson (Grant Advisor) $13,000 $13,000
D Gideon Searle (Trustee) $0 $0
Michael D Searle (Family Advisor) $0 $0
Kinship Trust Company Llc (Trustee) $0 $0
Ethan O Meers (Family Advisor) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$14,770,909
Expenses
$27,413,255
Net Income
-$12,642,346
Net Assets
$94,171,920
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $416,669
2.8%
Dividends $1,194,144
8.1%
Sales of Assets $12,800,796
86.7%
Other Income $353,149
2.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $26,356,123
96.1%
Compensation of Officers* $1,140,843
4.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $94,348,355
Total Liabilities $176,435
Net Assets $94,171,920
Compensation
Key Employees and Officers Compensation Other
Kinship Trust Company Llc (Trustee) $599,500 $0
Kimberly O Dennis (Executive Director) $502,343 $96,536
Richard J Tren (Program Officer) $238,148 $54,203
Courtney E Myers (Program Officer) $211,578 $50,863
Jennifer E Mcdougal (Office Manager) $91,610 $14,690
Steven F Hayward (Grant Advisor) $15,000 $16,305
Stephen Moore (Grant Advisor) $13,000 $13,000
James Piereson (Grant Advisor) $11,000 $11,000
D Gideon Searle (Trustee) $0 $0
Michael D Searle (Family Advisor) $0 $0
Ethan O Meers (Family Advisor) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,616,372
Expenses
$25,750,004
Net Income
-$13,133,632
Net Assets
$104,953,916
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $207,288
1.6%
Dividends $1,117,478
8.9%
Sales of Assets $10,716,446
84.9%
Other Income $566,163
4.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $24,676,270
95.8%
Compensation of Officers* $1,463,922
5.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $105,094,955
Total Liabilities $141,039
Net Assets $104,953,916
Compensation
Key Employees and Officers Compensation Other
Kinship Trust Company Llc (Trustee) $950,000 $0
Kimberly O Dennis (Executive Director) $478,422 $88,467
Richard J Tren (Program Officer) $222,569 $45,759
Courtney E Myers (Program Officer) $174,785 $45,072
Jennifer E Mcdougal (Office Manager) $87,247 $14,233
Steven F Hayward (Grant Advisor) $11,500 $12,934
Stephen Moore (Grant Advisor) $11,500 $11,500
James Piereson (Grant Advisor) $7,500 $7,500
William H Mellor (Grant Advisor) $5,000 $5,764
D Gideon Searle (Trustee) $0 $0
Michael D Searle (Family Advisor) $0 $0
Ethan O Meers (Family Advisor) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,248,943
Expenses
$27,732,864
Net Income
-$16,483,921
Net Assets
$119,776,469
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $150,000
1.3%
Interest Revenue $632,970
5.6%
Dividends $2,049,408
18.2%
Sales of Assets $7,928,898
70.5%
Other Income $509,381
4.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25,908,029
93.4%
Compensation of Officers* $828,723
3.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $119,892,705
Total Liabilities $116,236
Net Assets $119,776,469

Document Links

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$38,759,496
Expenses
$22,941,023
Net Income
$15,818,473
Net Assets
$167,675,240
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $29,658,093
76.5%
Interest Revenue $893,167
2.3%
Dividends $1,531,235
4.0%
Sales of Assets $6,178,417
15.9%
Other Income $524,444
1.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $19,789,557
86.3%
Compensation of Officers* $1,192,347
5.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $167,713,060
Total Liabilities $37,820
Net Assets $167,675,240

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$61,391,504
Expenses
$19,376,416
Net Income
$42,015,088
Net Assets
$151,856,767
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $47,241,181
77.0%
Interest Revenue $785,585
1.3%
Dividends $933,340
1.5%
Sales of Assets $11,784,593
19.2%
Other Income $650,145
1.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $16,613,319
85.7%
Compensation of Officers* $920,135
4.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $151,881,948
Total Liabilities $25,181
Net Assets $151,856,767

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,609,313
Expenses
$18,658,358
Net Income
-$10,049,045
Net Assets
$109,841,757
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,752
0.0%
Interest Revenue $1,122,243
13.0%
Dividends $1,129,669
13.1%
Sales of Assets $4,612,196
53.6%
Other Income $1,792,158
20.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $16,048,946
86.0%
Compensation of Officers* $475,050
2.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $109,857,783
Total Liabilities $16,026
Net Assets $109,841,757

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$9,815,846
Expenses
$18,747,813
Net Income
-$8,931,967
Net Assets
$119,890,892
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $13,817
0.1%
Interest Revenue $1,189,445
12.1%
Dividends $1,611,423
16.4%
Sales of Assets $5,002,476
51.0%
Other Income $2,061,977
21.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $14,912,835
79.5%
Compensation of Officers* $583,250
3.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $119,891,033
Total Liabilities $141
Net Assets $119,890,892

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,934,631
Expenses
$19,749,535
Net Income
-$6,814,904
Net Assets
$128,822,995
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,795
0.0%
Interest Revenue $1,617,230
12.5%
Dividends $1,302,298
10.1%
Sales of Assets $8,127,805
62.8%
Other Income $1,967,047
15.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,959,259
80.8%
Compensation of Officers* $366,950
1.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $128,863,136
Total Liabilities $40,141
Net Assets $128,822,995

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

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.

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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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