Nonprofit · EIN 88-2601196
FREEDMAN ARTS DISTRICT INC
Tax-exempt · BEAUFORT, SC 29902
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $144,727 | $161,529 | -$16,802 | $1,585,913 | $1,478,481 | $107,432 |
| December 31, 2024 | 990 | $210,820 | $102,045 | $108,775 | $1,601,632 | $1,477,398 | $124,234 |
| December 31, 2023 | 990 | $87,871 | $83,325 | $4,546 | $1,436,682 | $1,421,223 | $15,459 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $144,727
- of which government grants
- $68,900
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $1,320
- Legal fees
- $24,468
- Program services (functional)
- $122,196
- Management and general (functional)
- $38,013
- Fundraising (functional)
- $1,320
Balance sheet and other
- Total assets, start of year
- $1,601,632
- Total assets, end of year
- $1,585,913
- Total liabilities, end of year
- $1,478,481
- Net assets, end of year
- $107,432
- Net assets without donor restrictions
- $107,432
- Gross receipts
- $144,727
- Employees
- 0
- Year formed
- 2022
- State of legal domicile
- SC
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cherimie Weatherford | Executive Director Officer | 40 | $0 |
| Richard Stewart | Chairman Officer | 15 | $0 |
| William Quarles | CFO/Treasurer Officer | 15 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Angela Dore | Former Executive Director Highest-paid employee, Former | 20 | $25,000 |
| Richard Stewart | Chairman Trustee or director, Officer | 15 | $0 |
| William Quarles | Treasurer Trustee or director, Officer | 15 | $0 |
| Cherimie Weatherford | Executive Director Key employee | 20 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Stewart | Chairman Officer | 15 | $0 |
| Stacy Applegate | Executive Director From January - October Highest-paid employee | 25 | $0 |
| Angela Dore | Executive Director From November - December Key employee | 25 | $0 |
| William Quarles | Treasurer Officer | 15 | $0 |
| Martha Moriarty | Secretary Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 2015 BOUNDARY ST STE 314, BEAUFORT, SC 29902-6805
- Mailing address (990-N for 2022)
- 2015 Boundary St Suite 317, Beaufort SC 29902
- Principal officer (990 for 2025)
- RIchard Stewart, 2015 Boundary Street, Suite 300, Beaufort, SC 29902
- Principal officer (990-N for 2022)
- Richard H Stewart, 2015 Boundary St Suite 300, Beaufort SC 29902
- Signed the 990
- William Quarles, Treasurer
- Phone
- (843) 521-9000
Mission
The Freedman Arts District is committed to nurturing a thriving arts community by providing support to local artists and engaging with art enthusiasts within the district. This support includes customized outreach initiatives and strategic marketing efforts to showcase the creative talent in the area. With the help of community leaders, businesses, vendors and donors, the Freedman Arts District also works with property owners to renovate these structures, saving vital pieces of history when possible and assisting in removal and new construction when renovation is not a viable option. This cooperative work restores the fabric of the community while encouraging ownership to stay within the families.
Program accomplishments
- Customized outreach initiatives and strategic marketing efforts to showcase the creative talent in the area. With the help of community leaders, businesses, vendors and donors, the Freedman Arts District also works with property owners to renovate these structures, saving vital pieces of history when possible and assisting in removal and new construction when renovation is not a viable option. This cooperative work restores the fabric of the community while encouraging ownership to stay within the families.Expenses $122,196 · revenue $60,432
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 | 990 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
- 88-2601196
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A80)
- Assets (IRS master file)
- $1,585,913
- Income (IRS master file)
- $144,727
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $144,727 | $161,529 | $1,585,913 | XML |
| 990 | December 2024 | $210,820 | $102,045 | $1,601,632 | IRS |
| 990 | December 2023 | $87,871 | $83,325 | $1,436,682 | XML |
| 990-N for 2022 Officer: Richard H Stewart | December 31, 2022 | ≤ $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 88-2601196).
Questions about FREEDMAN ARTS DISTRICT INC
- What is the EIN of FREEDMAN ARTS DISTRICT INC?
- The employer identification number (EIN) of FREEDMAN ARTS DISTRICT INC is 88-2601196.
- Is FREEDMAN ARTS DISTRICT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to FREEDMAN ARTS DISTRICT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FREEDMAN ARTS DISTRICT 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 FREEDMAN ARTS DISTRICT INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FREEDMAN ARTS DISTRICT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FREEDMAN ARTS DISTRICT INC?
- The 990 for the year ended December 31, 2025 names RIchard Stewart.
- Who are the officers and directors of FREEDMAN ARTS DISTRICT INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does FREEDMAN ARTS DISTRICT INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $144,727, expenses of $161,529 and total assets of $1,585,913 at year end.
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All nonprofits in BEAUFORT · South Carolina · Arts, culture and humanities