Nonprofit · EIN 59-2771223
TIME FOR FREEDOM INC
Tax-exempt · OCALA, FL 34470
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,073,310 | $4,312,083 | -$238,773 | $1,767,984 | $975,956 | $792,028 |
| December 31, 2023 | 990 | $4,300,617 | $4,245,401 | $55,216 | $2,034,575 | $1,003,774 | $1,030,801 |
| December 31, 2022 | 990 | $4,291,921 | $4,118,215 | $173,706 | $2,070,845 | $1,095,260 | $975,585 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,021,836
- Investment income
- $158
- Other revenue
- $51,316
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $13,450
- Occupancy
- $51,169
- Travel
- $7,762
- Depreciation
- $72,783
- Program services (functional)
- $3,732,543
- Management and general (functional)
- $579,540
Balance sheet and other
- Total assets, start of year
- $2,034,575
- Total assets, end of year
- $1,767,984
- Total liabilities, end of year
- $975,956
- Net assets, end of year
- $792,028
- Land, buildings and equipment
- $777,302
- Net assets without donor restrictions
- $792,028
- Gross receipts
- $4,073,310
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1987
- State of legal domicile
- FL
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 |
|---|---|---|---|
| Mauricio Chevalier | CFO Trustee or director, Key employee | 40 | $96,367 |
| David DeCastro | Executive Director Trustee or director, Key employee | 40 | $95,000 |
| Wes Wheeler | Treasurer Trustee or director | 2 | $0 |
| Dominick Crimeni | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David DeCastro | Executive Director Trustee or director, Key employee | 40 | $94,423 |
| Mauricio Chevalier | CFO Trustee or director, Key employee | 40 | $94,423 |
| Michael DeCastro | Vice President Trustee or director, Key employee | 2 | $50,000 |
| Wes Wheeler | Treasurer Trustee or director | 2 | $0 |
| Leif Woolley | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mauricio Chevalier | CFO Trustee or director, Key employee | 40 | $88,868 |
| David DeCastro | Executive Director Trustee or director, Key employee | 40 | $82,000 |
| Michael DeCastro | Vice President Trustee or director, Key employee | 2 | $52,416 |
| Wes Wheeler | Treasurer Trustee or director | 2 | $0 |
| Leif Woolley | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2006 NE 8TH RD, OCALA, FL 34470-4231
- Principal officer (990 for 2024)
- David Decastro, 2006 NE 8th Road, Ocala, FL 34470
- Signed the 990
- David Decastro, President
- Phone
- (352) 351-1280
- Website
- www.reentrycenterofocala.com
- Return prepared by
- DAY & DAY PA
Mission
Work release program
Program accomplishments
- Work release program. Services provided for work release inmates include security, housing, meals, employment, and program services including subsistance abuse and other transitional services.Expenses $3,732,543
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
- 59-2771223
- 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
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Crime and legal-related (I31Z)
- Assets (IRS master file)
- $1,767,984
- Income (IRS master file)
- $4,073,310
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,073,310 | $4,312,083 | $1,767,984 | XML |
| 990 | December 2023 | $4,300,617 | $4,245,401 | $2,034,575 | XML |
| 990 | December 2022 | $4,291,921 | $4,118,215 | $2,070,845 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 59-2771223).
Questions about TIME FOR FREEDOM INC
- What is the EIN of TIME FOR FREEDOM INC?
- The employer identification number (EIN) of TIME FOR FREEDOM INC is 59-2771223.
- Is TIME FOR FREEDOM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to TIME FOR FREEDOM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TIME FOR FREEDOM 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 TIME FOR FREEDOM 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 TIME FOR FREEDOM 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 TIME FOR FREEDOM INC?
- The 990 for the year ended December 31, 2024 names David Decastro.
- Who are the officers and directors of TIME FOR FREEDOM INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $96,367 (Mauricio Chevalier, CFO).
- How much revenue does TIME FOR FREEDOM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,073,310, expenses of $4,312,083 and total assets of $1,767,984 at year end.
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