Freed Foundation Inc

Stuart, FL
Tax-exempt since Oct. 1955
EIN: 52-6047591

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Donations to this organization are tax deductible.

Revenue

$2.03M (2023)

Expenses

$978k (2023)

Total Assets

$14.9M (2023)

Total Liabilities

$44.4k (2023)

Source: Form 990 tax filings from 2011 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

Revenue

$2,034,068

Expenses

$977,802

Net Income

$1,056,266

Net Assets

$14,860,016

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$108,995	5.4%
Dividends	$376,236	18.5%
Sales of Assets	$1,548,803	76.1%
Other Income	$34	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$877,857	89.8%
Compensation of Officers*	$120,000	12.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,904,437
Total Liabilities	$44,421
Net Assets	$14,860,016

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Freed (President)	$120,000	$0
Nicholas A Dotoli (Board Member)	$0	$0
Nicole Buccino (Board Member)	$0	$0

990-PF

Filed on May 28, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$442,741

Expenses

$1,023,678

Net Income

-$580,937

Net Assets

$13,803,750

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$443,199	> 100%
Sales of Assets	-$458
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$949,426	92.7%
Compensation of Officers*	$120,000	11.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,803,750
Total Liabilities	$0
Net Assets	$13,803,750

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Freed (President)	$120,000	$0
Nicholas A Dotoli (Board Member)	$0	$0
Todd Zuckerbrod (Board Member)	$0	$0

990-PF

Filed on May 5, 2023

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2021

Revenue

$463,341

Expenses

$1,412,054

Net Income

-$948,713

Net Assets

$14,384,687

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$450,984	97.3%
Sales of Assets	$12,357	2.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,354,188	95.9%
Compensation of Officers*	$120,000	8.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,384,729
Total Liabilities	$42
Net Assets	$14,384,687

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Freed (Treasurer)	$120,000	$0
Nicholas A Dotoli (Board Member)	$0	$0
Todd Zuckerbrod (Board Member)	$0	$0

990-PF

Filed on May 26, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$389,427

Expenses

$1,096,741

Net Income

-$707,314

Net Assets

$15,333,400

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$392,392	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,007,541	91.9%
Compensation of Officers*	$120,000	10.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,340,785
Total Liabilities	$7,385
Net Assets	$15,333,400

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Freed (Treasurer)	$120,000	$11,372
Nicholas J Dotoli (Board Member)	$0	$0
William P Mitchell (Board Member)	$0	$0
David Ourisman (Secretary)	$0	$0

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990-PF

Filed on May 17, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$972,026

Expenses

$952,969

Net Income

$19,057

Net Assets

$16,040,713

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$596,691	61.4%
Sales of Assets	$359,660	37.0%
Other Income	$15,675	1.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$872,851	91.6%
Compensation of Officers*	$120,000	12.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,040,714
Total Liabilities	$1
Net Assets	$16,040,713

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Freed (Treasurer)	$120,000	$13,544
Nicholas J Dotoli (Board Member)	$0	$0
William P Mitchell (Board Member)	$0	$0
David Ourisman (Secretary)	$0	$0

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990-PF

Filed on June 22, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$601,356

Expenses

$1,078,744

Net Income

-$477,388

Net Assets

$16,021,657

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$568,022	94.5%
Sales of Assets	$16,751	2.8%
Other Income	$16,583	2.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$991,148	91.9%
Compensation of Officers*	$120,000	11.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,021,657
Total Liabilities	$0
Net Assets	$16,021,657

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Freed (Treasurer)	$120,000	$8,230
Nicholas J Dotoli (Board Member)	$0	$0
William P Mitchell (Board Member)	$0	$0
David Ourisman (Secretary)	$0	$0

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990-PF

Filed on May 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$540,049

Expenses

$794,564

Net Income

-$254,515

Net Assets

$16,499,045

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$523,835	97.0%
Sales of Assets	-$1,587
Other Income	$17,801	3.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$700,331	88.1%
Compensation of Officers*	$120,000	15.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,505,598
Total Liabilities	$6,553
Net Assets	$16,499,045

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Freed (President)	$120,000	$9,868
Nicholas J Dotoli (Board Member)	$0	$0
William P Mitchell (Board Member)	$0	$0

990-PF

Filed on May 2, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$609,814

Expenses

$1,277,570

Net Income

-$667,756

Net Assets

$16,753,560

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$547,143	89.7%
Sales of Assets	$58,348	9.6%
Other Income	$4,323	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,163,345	91.1%
Compensation of Officers*	$120,000	9.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$16,774,883
Total Liabilities	$21,323
Net Assets	$16,753,560

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Freed (President)	$120,000	$9,760
Nicholas J Dotoli (Board Member)	$0	$0
William P Mitchell (Board Member)	$0	$0

990-PF

Filed on July 21, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2015

Revenue

$593,614

Expenses

$1,121,180

Net Income

-$527,566

Net Assets

$17,421,316

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,073	1.7%
Dividends	$419,788	70.7%
Sales of Assets	$163,753	27.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,031,882	92.0%
Compensation of Officers*	$110,000	9.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$17,421,316
Total Liabilities	$0
Net Assets	$17,421,316

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Freed (President)	$110,000	$0
Nicholas J Dotoli (Board Memeber)	$0	$0
William P Mitchell (Board Member)	$0	$0

990-PF

Filed on June 28, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$924,593

Expenses

$1,124,662

Net Income

-$200,069

Net Assets

$17,948,882

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,518	0.2%
Dividends	$459,170	49.7%
Sales of Assets	$463,905	50.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,034,091	91.9%
Compensation of Officers*	$100,000	8.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$17,949,265
Total Liabilities	$383
Net Assets	$17,948,882

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Freed (President)	$100,000	$0
William P Mitchell (Director)	$0	$0

990-PF

Filed on May 14, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$852,381

Expenses

$947,670

Net Income

-$95,289

Net Assets

$18,148,951

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$416	0.0%
Dividends	$366,320	43.0%
Sales of Assets	$485,645	57.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$902,119	95.2%
Compensation of Officers*	$100,000	10.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,267,651
Total Liabilities	$118,700
Net Assets	$18,148,951

Compensation

Key Employees and Officers	Compensation	Other
Elizabeth Freed (President)	$100,000	$0
Steven Douenias (Director)	$0	$0
William P Mitchell (Director)	$0	$0

990-PF

Filed on May 13, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$596,191

Expenses

$1,022,261

Net Income

-$426,070

Net Assets

$18,244,239

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$59	0.0%
Dividends	$406,818	68.2%
Sales of Assets	$189,314	31.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$988,239	96.7%
Compensation of Officers*	$100,000	9.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,244,240
Total Liabilities	$1
Net Assets	$18,244,239

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,015,380

Expenses

$1,020,464

Net Income

-$5,084

Net Assets

$18,670,310

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$59	0.0%
Dividends	$519,609	51.2%
Sales of Assets	$495,712	48.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$978,596	95.9%
Compensation of Officers*	$100,000	9.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$18,672,581
Total Liabilities	$2,271
Net Assets	$18,670,310

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Freed Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.03M (2023)

Expenses $978k (2023)

Total Assets $14.9M (2023)

Total Liabilities $44.4k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$2.03M (2023)

Expenses

$978k (2023)

Total Assets

$14.9M (2023)

Total Liabilities

$44.4k (2023)

Fiscal Year Ending Dec.
2023

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2022

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2021

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2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

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Fiscal Year Ending Dec.
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