Joshua M Freeman Foundation in Selbyville, Delaware (DE)

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Joshua M Freeman Foundation
Employer Identification Number (EIN)208592383
Name of OrganizationJoshua M Freeman Foundation
In Care of NameCo Carl M Freeman Foundation
Address31556 Winterberry Pkwy, Selbyville, DE 19975-3707
SubsectionCharitable Organization
Ruling Date01/2009
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$2,703,587
Amount of Income$3,488,095
Form 990 Revenue Amount$3,294,122
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Performing Arts Organizations


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Amount of income in 2013: $3,488,095 (it was $1,938,928 in 2012)
Joshua M Freeman Foundation: 

 $3,488,095
Other organizations performing similar types of work: 

 $62,906

Assets in 2013: $2,703,587 (it was $1,280,297 in 2012)
Joshua M Freeman Foundation: 

 $2,703,587
Other organizations performing similar types of work: 

 $17,297

Expenses in 2013: $1,953,632
Joshua M Freeman Foundation: 

 $1,953,632
Other organizations performing similar types of work: 

 $56,825

Income to expenses ratio in 2013: 1.8
Joshua M Freeman Foundation: 

 1.8
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 76.8%
This organization: 

 76.8%
Other organizations performing similar types of work: 

 90.7%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?NoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoYes
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoYes
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
2010201120122013
The number reported in Box 3 of Form 1096474337
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return000
Did the organization file all required federal employment tax returns?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYesYes
Did the organization notify the donor of the value of the goods or services provided?YesYesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$96,511$99,496
Total reportable compensation from related organizations$130,046$218,536
Total estimated amount of other compensation from the organization and related organizations$34,186$45,612
Total number of individuals who received more than $100,000 of reportable compensation from the organization00
Total number of independent contractors who received more than $100,000 of compensation from the organization02
Statement of Revenue
2010201120122013
Total revenue$1,028,831$1,386,620$1,763,580$3,294,122
Contributions, Gifts, Grants and Other Similar Amounts$1,012,925$1,140,869$1,431,656$2,530,993
Program Service Revenue$31,670$248,926$359,207$755,047
900099$248,926$359,207$755,047
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$7,768$5,581$2,104$1,895
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$0$0$0$0
Net gain/loss from sales of assets other than inventory$0$0$0$-434
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $0$0 / $0$0 / $0$0 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0$0 / $0$0 / $0$0 / $434
Gain or (loss) (Securities / Other)$0 / $0$0 / $0$0 / $0$0 / $-434
Net income/loss from fundraising events$-17,969$-30,688$-104,853$-105,272
Gross income from fundraising events$51,775$50,050$31,318$33,450
Less: direct expenses$69,744$80,738$136,171$138,722
Net income/loss from gaming activities$0$0$0$7,882
Gross income from gaming activities$0$0$0$16,421
Less: direct expenses$0$0$0$8,539
Net income/loss from sales of inventory$-5,563$21,932$63,952$104,011
Gross sales of inventory, less returns and allowances$38,581$62,133$103,129$150,289
Less: cost of goods sold$44,144$40,201$39,177$46,278
Miscellaneous Revenue$0$0$11,514$0
Statement of Functional Expenses
2010201120122013
Total functional expenses$945,864$1,380,217$1,532,389$1,953,632
Grants and other assistance to domestic organizations and domestic governments$0$0$6,587
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$30,795$133,465$120,624$126,522
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$163,642$202,638$222,860$214,036
Pension plan accruals and contributions$4,408$174$3,465
Other employee benefits$55,279$60,414$63,011
Payroll taxes$0$0$0$0
Fees for services (non-employees)
Management$0$0$0
Legal$22,429$17,679$11,055
Accounting$22,922$21,475$15,635
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$0$0$0
Other$51,145$18,337$21,962
Advertising and promotion$63,923$72,918$75,897
Office expenses$14,130$14,441$16,894
Information technology$18,910$12,858$16,263
Royalties$0$0$0
Occupancy$37,102$45,948$55,596
Travel$33,867$20,528$26,276
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$6,272$5,125$5,571
Interest$0$0$0
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$17,319$35,757$45,076
Insurance$11,768$16,493$30,596
Other expenses$578,108$667,040$968,973
Other expenses$50,067$55,678$92,925
Other expenses$42,596$46,738$52,836
Other expenses$13,869$20,571$15,648
Other expenses$0$56,731$88,808
Balance Sheet
2010201120122013
Total assets$1,028,996$1,076,173$1,280,297$2,703,587
Cash - non-interest-bearing$12,582$85,805$47,370
Savings and temporary cash investments$959,643$950,179$2,235,710
Pledges and grants receivable, net$650$21,860$130,080
Accounts receivable, net$3,960$10,720$10,240
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$24,230$10,981$8,937
Land, buildings, and equipment: cost or other basis$37,407$126,302$102,402
Investments - publicly traded securities$36,801$73,550$168,688
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$900$900$160
Total liabilities$43,818$84,313$40,499$59,801
Accounts payable and accrued expenses$77,123$36,664$51,988
Grants payable$0$0$0
Deferred revenue$7,190$3,835$7,813
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0$0
Total net assets or fund balances$985,178$991,860$1,239,798$2,643,786
Unrestricted net assets$991,860$1,186,816$1,064,766
Temporarily restricted net assets$0$52,982$1,579,020
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$2,741,498
Subtotal Support$7,432,021
Gifts, grants, contributions, and membership fees received$7,432,021
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$4,690,523
Total Support$7,473,853
Public Support$7,432,021
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$22,324
Net income from unrelated business activities, whether or not the business is regularly carried on$7,882
Other income. Do not include gain or loss from the sale of capital assets$11,626
Gross receipts from related activities, etc.$1,788,691
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Shen Yun Performing Arts Inc, Divne Performing Arts Inc140 Galley Hill Rd, Cuddebackvlle, NY 12729-5225NY2007-06$18,149,827
2South Street Theater Co Inc100 South St, Morristown, NJ 07960-4149NJ1995-05$11,819,295
3Riverside Theater Foundation Inc144 E Wells St, Milwaukee, WI 53202-3519WI2007-04$8,397,010
4Cedar Lake Inc302 Campusview Dr Ste 108, Columbia, MO 65201-7507MO2013-07$4,385,751
5Santa Cruz Foundation For The Performing ArtsPO BOX 875, Patagonia, AZ 85624-0875AZ2006-03$3,948,319
6Rosies Broadway Kids New York Corp1500 Broadway Suite 1710, New York, NY 10108NY2009-04$3,635,328
7Joshua M Freeman Foundation31556 Winterberry Pkwy, Selbyville, DE 19975-3707DE2009-01$3,488,095
8Elks Theatre & Performing Arts Center318 Rim Rock Cir, Prescott, AZ 86303-5543AZ2014-02$3,152,831
9Teach Inc471111th Ave, Los Angeles, CA 90043CA2004-09$2,405,551
10Winnipesaukee Playhouse50 Reservoir Rd, Meredith, NH 03253-5514NH2007-12$2,310,936
11Shunpike3518 Fremont Ave N 118, Seattle, WA 98103-8814WA2002-03$1,979,011
12Delaware Shakespeare Festival IncPO BOX 7567, Wilmington, DE 19803-0567DE2004-02$95,766
13Contemporary Stage Company Inc818 N Market St, Wilmington, DE 19801-3011DE2003-11$88,041
14Apex Youth Services Inc4 Persimmon Ln, Newark, DE 19713-1400DE1999-12$28,844
15True Blue Jazz Inc31408 Heron Circle, Lewes, DE 19958DE2015-01$16,364
16Boathouse Repertory Theatre, The Boat Boathouse Stage Co405 W 37th St, Wilmington, DE 19802DE2006-04$0
17China Music Foundation26 Oklahoma State Dr, Newark, DE 19713DE1998-09$0
18Phoenix Players Inc35221 Seaport Loop, Lewes, DE 19958DE2008-07$0
19Reedy Point Players LtdPo Box 465, Delaware City, DE 19706DE2012-10$0
20Word Warrior Ministries Inc4102 Pearsons Corner Road, Dover, DE 19904-5030DE2000-10$0
Number of organizations performing similar types of work
Alaska10
Alabama23
Arkansas22
Arizona60
California507
Colorado62
Connecticut42
District of Columbia25
Delaware10
Florida146
Georgia79
Hawaii19
Iowa22
Idaho8
Illinois142
Indiana50
Kansas31
Kentucky14
Louisiana29
Massachusetts96
Maryland71
Maine11
Michigan76
Minnesota72
Missouri65
Mississippi8
Montana21
North Carolina82
North Dakota6
Nebraska11
New Hampshire14
New Jersey93
New Mexico40
Nevada30
New York336
Ohio85
Oklahoma18
Oregon57
Pennsylvania111
Rhode Island16
South Carolina24
South Dakota3
Tennessee40
Texas179
Utah32
Virginia86
Vermont21
Washington93
Wisconsin50
West Virginia12
Wyoming6
International4
Total3,170

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