Nonprofit · EIN 47-2463058
GLOBAL FREEDOM FOUNDATION INC
Tax-exempt · CHARLOTTE, NC 28269
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $440,432 | $435,029 | $5,403 | $327,837 | $169,892 | $157,945 |
| December 31, 2023 | 990 | $425,209 | $350,740 | $74,469 | $278,629 | $126,087 | $152,542 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $131,723
- Program service revenue
- $304,984
- Investment income
- $1,461
- Other revenue
- $2,264
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $261,477
- Salaries, compensation and benefits (total)
- $279,917
- Professional fundraising fees
- $19,662
- Legal fees
- $3,197
- Accounting fees
- $9,010
- Occupancy
- $1,200
- Program services (functional)
- $265,887
- Management and general (functional)
- $149,480
- Fundraising (functional)
- $19,662
Balance sheet and other
- Total assets, start of year
- $278,629
- Total assets, end of year
- $327,837
- Total liabilities, end of year
- $169,892
- Net assets, end of year
- $157,945
- Net assets without donor restrictions
- $157,945
- Gross receipts
- $440,432
- Employees
- 6
- Volunteers
- 0
- Year formed
- 2014
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Penny Maxwell | President Trustee or director | 0 | $0 |
| Randy McCurry | Vice President Trustee or director | 0 | $0 |
| Olan Carder | Treasurer and Secretary Trustee or director | 0 | $0 |
| Steve Holloran | Voting Board Member Trustee or director | 0 | $0 |
| Fred Teumer | Voting Board member Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Penny Maxwell | President Trustee or director | 0 | $0 |
| Randy McCurry | Vice President Trustee or director | 0 | $0 |
| Olan Carder | Secretary and Treasurer Trustee or director | 0 | $0 |
| Steve Halloran | Board Member Trustee or director | 0 | $0 |
| Fred Teumer | Board Member Trustee or director | 0 | $0 |
| Doug Locasto | Board Member Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 3020I PROSPERITY CHURCH RD STE 513, CHARLOTTE, NC 28269-8112
- In care of
- % PENNY MAXWELL
- Principal officer (990 for 2024)
- Penny Maxwell, 2732 Salome Church Road, Charlotte, NC 28262
- Signed the 990
- Olan Carder, Treasurer
- Phone
- (704) 970-0092
- Website
- globalfreedomfoundation.cc
- 990-N for 2021 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Troy Maxwell, 2732 Salome Church Road, Charlotte NC 28262. Mailing address: 2732 Salome Church Road, Charlotte NC 28262.
Mission
GLOBAL FREEDOM FOUNDATION EXISTS TO EMPOWER EDUCATE AND EQUIP PEOPLE TO ACHIEVE FREEDOM AND LASTING CHANGE FOR THE BETTER IN THEIR LIVES.
Program accomplishments
- Freedom Academy partners with parents as they seek to educate the next generation of leaders through a biblical world view. As a home school Co-op Freedom Academy provides academic support structure and guidance to parents who are seeking alternative avenues to educate their children.Expenses $265,887
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-2463058
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $327,837
- Income (IRS master file)
- $440,432
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $440,432 | $435,029 | $327,837 | XML |
| 990 | December 2023 | $425,209 | $350,740 | $278,629 | XML |
| 990 | December 2022 | $266,294 | $190,340 | $102,966 | IRS |
| 990-N for 2021 Officer: Troy Maxwell Filed under this EIN, most likely by a chapter or affiliate | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Shawn Lee Filed under this EIN, most likely by a chapter or affiliate | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Shawn Lee Filed under this EIN, most likely by a chapter or affiliate | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-2463058).
Questions about GLOBAL FREEDOM FOUNDATION INC
- What is the EIN of GLOBAL FREEDOM FOUNDATION INC?
- The employer identification number (EIN) of GLOBAL FREEDOM FOUNDATION INC is 47-2463058.
- Is GLOBAL FREEDOM FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to GLOBAL FREEDOM FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GLOBAL FREEDOM FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GLOBAL FREEDOM FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GLOBAL FREEDOM FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GLOBAL FREEDOM FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Penny Maxwell.
- Who are the officers and directors of GLOBAL FREEDOM FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does GLOBAL FREEDOM FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $440,432, expenses of $435,029 and total assets of $327,837 at year end.
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