2024-11-15T19:20:41-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2023-01-01 132877912 FREEDOM INSTITUTE INC FREE 2128380044 515 MADISON AVENUE 13TH FLOOR NEW YORK NY 10022 DANA SACHER-ROLLINS VICE PRESIDENT-GENERAL MANAGER 2128380044 2024-11-15 1 1 GARRETT M HIGGINS P00543209 9143818900 2024-11-12 2023 2024-10-15 13:58:12Z DANA SACHER-ROLLINS 515 MADISON AVENUE 13TH FLOOR NEW YORK NY 10022 1552670 0 X WWW.FREEDOMINSTITUTE.ORG X 1976 NY ASSIST AND COUNSEL THE CHEMICALLY DEPENDENT AND THEIR FAMILIES THROUGH EDUCATION, TREATMENT, AND PREVENTION. 6 6 15 6 0 0 633887 211471 1260552 1332392 292058 0 0 8807 2186497 1552670 0 0 0 0 1583552 1045205 0 0 20265 910435 946225 2493987 1991430 -307490 -438760 212946 169538 202472 597824 10474 -428286 FREEDOM INSTITUTE IS A RESOURCE CENTER FOR INDIVIDUALS AND FAMILIES COPING WITH ADDICTION AND CO-OCCURRING ISSUES SUCH AS DEPRESSION AND ANXIETY. WE OFFER PERSONALIZED COUNSEL AND CARE TO THOSE SEEKING TO PREVENT, UNDERSTAND OR RECOVER FROM SUBSTANCE ABUSE AND ADDICTION. 0 0 1605900 0 1332392 FREEDOM INSTITUTE BEGAN DISCUSSIONS WITH AND ENTERED INTO A MANAGEMENT SERVICES AGREEMENT WITH SILVER HILL HOSPITAL IN MARCH 2023 IN ORDER TO RECEIVE SUPPORT AS IT HAS BECOME INCREASINGLY DIFFICULT TO SUSTAIN OPERATIONS AS A STAND-ALONE ORGANIZATION. SILVER HILL HAS AN OUTSTANDING REPUTATION AS A NON-PROFIT ORGANIZATION WITH LIKE-MINDED VALUES AND IS A LEADER IN THE TREATMENT OF PSYCHIATRIC AND ADDICTION DISORDERS. WITH MARKETING AND BACK-OFFICE SUPPORT FROM SILVER HILL, FREEDOM WAS ABLE TO MAINTAIN INTENSIVE OUTPATIENT AND OUTPATIENT PROGRAMS AND CONTINUE TO PROVIDE THE LEVEL OF CARE THAT FREEDOM INSTITUTE IS KNOWN FOR. OVER 100 CLIENTS PARTICIPATED IN VARIOUS TREATMENT PROGRAMS WITH OVER 3,000 SERVICES DELIVERED THROUGH INDIVIDUAL, GROUP AND FAMILY THERAPY. 1605900 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 28 0 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 0 0 0 0 0 1 0 0 0 1 0 1 1 1 1 0 NY X X DANA SACHER-ROLLINS 2128380044 515 MADISON AVENUE 13TH FLOOR NEW YORK NY 10022 JESSICA AMBROSE SECRETARY 0.20 X X 0 0 0 ROBERT L MILLER CHAIRMAN 5.00 X X 0 0 0 ALEX DAYTON TRUSTEE 0.20 X 0 0 0 ANSON BARRETT FRELINGHUYSEN TRUSTEE 0.20 X 0 0 0 JOHN LOEFFLER TRUSTEE 0.20 X 0 0 0 MR PATRICK ROBINSON TRUSTEE 0.20 X 0 0 0 STEVEN WOLT PRESIDENT 20.00 X 15000 0 0 DANA SACHER-ROLLINS VP & GENERAL MANAGER 40.00 X 115873 0 46311 CAROLINE KERN CLINICAL DIRECTOR 40.00 X 126329 0 15746 SALAH BUSTAMI DIRECTOR OF FAMILY SERVICES 40.00 X 106838 0 19873 364040 0 81930 3 0 1 0 0 211471 34668 211471 COUNSELING FEES 621400 1332392 1332392 1332392 OTHER INCOME 900099 8807 8807 8807 1552670 1332392 0 8807 X 177185 136639 40546 739727 584183 150270 5274 20146 15802 4220 124 39085 32247 6312 526 69062 54169 14467 426 47495 37600 8576 1319 73490 73490 433214 423607 8726 881 25864 19080 1117 5667 76382 67660 7647 1075 69204 57893 9803 1508 67501 53438 12188 1875 1082 857 195 30 13464 13464 8613 6819 1555 239 42088 33320 7599 1169 DRUG TESTING SUPPLIES 77356 77356 MISCELLANEOUS EXPENSES 5127 4160 933 34 BAD DEBT 4038 4038 LICENSES AND FEES 657 520 119 18 650 550 100 1991430 1605900 365265 20265 122147 119443 4 16450 76034 4534 2157 778 842232 820379 12604 21853 0 6480 212946 169538 140849 100204 0 310000 187620 61623 0 202472 597824 X -120716 -559476 131190 131190 10474 -428286 212946 169538 -438760 0 X 0 1 X 0 0 X 412157 318788 858544 633887 211471 2434847 2389876 2287810 1866214 1260552 1332392 9136844 2802033 2606598 2724758 1894439 1543863 11571691 38077 35157 38937 32462 54681 199314 0 38077 35157 38937 32462 54681 199314 11372377 42247 23127 15620 7351 0 88345 42247 23127 15620 7351 88345 11704 8807 20511 2844280 2641429 2740378 1901790 1552670 11680547 0.97360 0.96990 0.00760 0.01230 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: TAX REFUND - 2020 AMOUNT: $ 11,704. OTHER INCOME - 2023 AMOUNT: $ 8,807. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 131190 131190 829494 -69991 624765 3548 131190 743976 145382 50000 9864 829494 1353392 52320 650000 11736 743976 2381140 395442 1400000 23190 1353392 0 0 360859 360859 0 481373 459520 21853 21853 X 1552670 0 1552670 0 1552670 1991430 0 1991430 0 1991430 PART V, LINE 4: THE ENDOWMENT FUND WAS CREATED THROUGH A 1980 BOARD OF DIRECTORS RESOLUTION WITH THE PURPOSE OF ESTABLISHING A PERMANENT FUNDING BASIS. THE BOARD OF DIRECTORS, AT ITS DISCRETION, AND BASED ON THE NEEDS OF THE INSTITUTE, CAN DECIDE WHETHER TO REINVEST ENDOWMENT INCOME OR USE IT FOR OPERATING PURPOSES. PART X, LINE 2: THE INSTITUTE RECOGNIZES THE EFFECT OF TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE INSTITUTE HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE INSTITUTE IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2020. X X 0 0 0 0 0 0 0 0 0 DANA SACHER-ROLLINS VP & GENERAL MANAGER 115873 0 0 0 0 0 0 0 46311 0 162184 0 0 0 X 3 34668 AVG. SELLING PRICE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN COLUMN (B). FORM 990, PART VI, SECTION A, LINE 2 JASSICA AMBROSE AND BOB MILLER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FREEDOM INSTITUTE, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. THE CHAIRMAN OF THE BOARD AND GENERAL MANAGER MEET WITH THE OUTSIDE ACCOUNTANT AND REVIEW THE FORM 990 IN DETAIL TO ENSURE THAT IT CORRECTLY REFLECTS ALL ACTIVITIES AND POLICIES AT FREEDOM INSTITUTE. THE FINAL VERSION IS ELECTRONICALLY SENT TO THE BOARD OF TRUSTEES PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATION'S VP/GENERAL MANAGER IS REVIEWED ANNUALLY BY THE CHAIRMAN OF THE BOARD IN THE CONTEXT OF PERFORMANCE, THE ECONOMIC ENVIRONMENT, COST-OF-LIVING CHANGES, AND OTHER COMPARABLE POSITIONS AT SIMILAR FOR-PROFIT AND NOT-FOR-PROFIT ORGANIZATIONS. A RECOMMENDATION IS MADE TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. THE RECOMMENDATION AND PROCESS ARE DOCUMENTED. THIS PROCESS WAS LAST TAKEN IN 2023 AS PART OF THE ORGANIZATION'S BUDGETARY PROCESS. THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT IS REVIEWED ANNUALLY BY THE CHAIRMAN OF THE BOARD IN THE CONTEXT OF PERFORMANCE, THE ECONOMIC ENVIRONMENT, COST-OF-LIVING CHANGES, AND OTHER COMPARABLE POSITIONS AT SIMILAR FOR-PROFIT AND NOT-FOR-PROFIT ORGANIZATIONS. A RECOMMENDATION IS MADE TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. THE RECOMMENDATION AND PROCESS ARE DOCUMENTED. THIS PROCESS WAS LAST TAKEN IN 2023 AS PART OF THE ORGANIZATION'S BUDGETARY PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AND FORM 1023 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART IX, LINE 11G PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 13,303. MANAGEMENT AND GENERAL EXPENSES 3,034. FUNDRAISING EXPENSES 467. TOTAL EXPENSES 16,804. CONSULTING: PROGRAM SERVICE EXPENSES 410,304. MANAGEMENT AND GENERAL EXPENSES 5,692. FUNDRAISING EXPENSES 414. TOTAL EXPENSES 416,410.