Freetown Village Inc in Indianapolis, Indiana (IN)

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Freetown Village Inc
Employer Identification Number (EIN)351609921
Name of OrganizationFreetown Village Inc
AddressPO BOX 1041, Indianapolis, IN 46206-1041
ActivitiesHistorical site, records or reenactment
SubsectionEducational Organization
Ruling Date08/1985
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$85,975
Amount of Income$127,636
Form 990 Revenue Amount$127,636
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Cultural, Ethnic Awareness


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Amount of income in 2013: $127,636
This organization: 

 $127,636
Other organizations performing similar types of work: 

 $43,086

Assets in 2013: $85,975
Freetown Village Inc: 

 $85,975
Other organizations performing similar types of work: 

 $17,937

Expenses in 2012: $129,953
Freetown Village Inc: 

 $129,953
Other organizations performing similar types of work: 

 $32,859

Income to expenses ratio in 2012: 1.0
Freetown Village Inc: 

 1.0
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 82.1%
This organization: 

 82.1%
Other organizations performing similar types of work: 

 47.9%

Employees paid over $50,000 in 2007: 0.0%
Freetown Village Inc: 

 0.0%
Other organizations performing similar types of work: 

 14.9%

Grants share in income in 2012: 79.2%
Freetown Village Inc: 

 79.2%
Other organizations performing similar types of work: 

 78.0%

Financial snapshot ($)

Revenue for 2012

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$157,434
Contributions, gifts, grants, and similar amounts received$124,675
Program service revenue including government fees and contracts$32,745
Membership dues and assessments$0
Investment income$14
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$129,953
Total net assets$32,065
Excess for the year$27,481
Net assets or fund balances at beginning of year$4,584
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$87,132
Total liabilities$55,067
Net assets or fund balances$32,065
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$655,781
Gifts, grants, contributions, and membership fees received$450,268
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$205,442
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$71
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$245,391$512,536$167,972$166,200$176,929$173,115$186,196$137,661
Contributions, gifts, grants, and similar amounts received$190,596$437,011$123,589$111,811$126,919$118,945$141,147$95,685
Contributions to donor advised funds$0$0
Direct public support$106,133$437,011$111,589$111,811$126,919$118,945$141,147$95,685
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$84,463$0$12,000$0$0$0$0$0
Program service revenue including government fees and contracts$49,541$59,033$39,086$53,275$42,543$53,097$44,819$41,687
Membership dues and assessments$940$0$1,630$600$1,085$860$0$0
Interest on savings and temporary cash investments$3,458$3,828$690$34$19$213$230$289
Dividends and interest from securities$0$0$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0$0$0$0
Net income or (loss) from special events and activities$0$12,664$0$0$5,971$0$0$0
Gross revenue$0$47,515$0$0$7,400$0$0$0
Less: direct expenses other than fundraising expenses$0$34,851$0$0$1,429$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$856$0$2,977$480$392$0$0$0
Total expenses$268,740$448,215$282,625$194,694$174,085$147,752$154,212$151,732
Program services$195,480$98,509$171,421$163,625$138,014$110,612$111,368$124,549
Management and general$46,934$106,607$35,366$24,309$25,634$21,873$24,400$19,857
Fundraising$26,326$243,099$75,838$6,760$10,437$15,267$18,444$7,326
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$84,473$148,794$34,141$5,647$8,491$33,854$65,838$55,277
Excess or (deficit) for the year$-23,349$64,321$-114,653$-28,494$2,844$25,363$31,984$-14,071
Net assets or fund balances at beginning of year$107,822$84,473$148,794$34,141$5,647$8,491$33,854$65,838
Other changes in net assets or fund balances$0$0$0$0$0$0$0$3,510
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$151,732$124,549$19,857$7,326
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$28,018$23,815$2,802$1,401
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$55,003$46,753$5,500$2,750
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$943$802$94$47
Payroll taxes$6,351$5,397$636$318
Professional fundraising fees$0$0$0$0
Accounting fees$4,300$3,655$430$215
Legal fees$0$0$0$0
Supplies$16,839$10,252$5,984$603
Telephone$3,334$2,833$334$167
Postage and shipping$0$0$0$0
Occupancy$9,153$7,780$915$458
Equipment rental and maintenance$544$463$54$27
Printing and publications$627$534$62$31
Travel$1,608$1,005$544$59
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$2,891$2,458$289$144
Other expenses not covered above$22,121$18,802$2,213$1,106
Balance Sheets
20002001200220032004200520062007
Total assets$92,478$172,254$50,693$23,920$35,060$60,827$88,552$66,228
Cash - non-interest-bearing$83,527$120,085$1,208$491$897$0$0$0
Savings and temporary cash investments$0$0$34,342$2,736$3,675$15,198$57,138$35,270
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$2,398
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$6,782$50,000$14,046$18,205$28,830$34,164$22,463$22,500
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$582$0$0$0$0$0$0
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$2,169$1,587$1,097$2,488$1,658$11,465$8,951$6,060
Other assets, including program-related investments$0$0$0$0$0$0$0$0
Total liabilities$8,005$23,460$16,552$18,273$26,569$26,973$22,714$10,951
Accounts payable and accrued expenses$8,005$23,460$16,552$18,273$26,569$16,396$14,686$5,839
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$10,577$8,028$5,112
Other liabilities$0$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$92,478$172,254$50,693$23,920$35,060$60,827$88,552$66,228
Total net assets or fund balances$84,473$148,794$34,141$5,647$8,491$33,854$65,838$55,277
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$245,391$512,536$167,972$166,200$176,929$173,115$186,196$137,661
Total revenue, gains, and other support per audited financial statements$245,391$512,536$167,972$167,700$178,358$173,115$186,196$137,661
Other expenses$0$0$0$1,500$1,429$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$1,500$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$1,429$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$268,740$448,215$282,625$194,694$174,085$147,752$154,212$151,732
Total expenses and losses per audited financial statements$268,740$448,215$282,625$196,194$175,514$147,752$154,212$151,732
Other revenue$0$0$0$1,500$1,429$0$0$0
Donated services and use of facilities$0$0$0$1,500$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$1,429$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$28,018$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20062
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$289$41,687
Program service revenue
Program service revenue 1000000$000$0$12,296
Program service revenue 2000000$000$0$29,391
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$289$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
19992000200120022003200420052006
Total$193,586$245,391$449,872$203,926$132,484$161,418$167,781$186,196
Gifts, grants, and contributions received$139,561$190,596$387,011$159,543$78,575$117,094$113,925$141,147
Membership fees received$1,479$940$420$1,630$600$1,085$860$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$40,800$49,541$58,613$39,086$53,275$42,828$52,783$44,819
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$4,969$3,458$3,828$690$34$19$213$230
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$6,777$856$0$2,977$0$392$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
Alaska30
Alabama39
Arkansas29
Arizona85
California1,252
Colorado77
Connecticut85
District of Columbia94
Delaware16
Florida360
Georgia151
Hawaii138
Iowa40
Idaho24
Illinois228
Indiana62
Kansas30
Kentucky35
Louisiana69
Massachusetts181
Maryland165
Maine19
Michigan160
Minnesota170
Missouri86
Mississippi13
Montana22
North Carolina137
North Dakota7
Nebraska25
New Hampshire19
New Jersey243
New Mexico62
Nevada49
New York684
Ohio165
Oklahoma49
Oregon121
Pennsylvania214
Rhode Island27
South Carolina56
South Dakota23
Tennessee78
Texas417
Utah53
Virginia178
Vermont14
Washington180
Wisconsin90
West Virginia20
Wyoming11
International17
Total6,599

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