Freeman Academy & Freeman Junior College is a 501(c)(3) organization based in Freeman, South Dakota, registered in 1937, with $2,323,339 in FY2023 revenue. CharityIndex grades it C+.
Revenue (FY2023)
$2.3M
▲ 16.0% vs prior year
Education median: $200K
Expenses (FY2023)
$2.6M
Net assets
$4.4M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Freeman Academy & Freeman Junior College— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Freeman Academy & Freeman Junior College: 20 mo reserves · -12% margin earns a C+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Freeman Academy & Freeman Junior College— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Freeman Academy & Freeman Junior College: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $1.5M (FY2013) to $2.3M (FY2023) across 10 reported years.
Financial snapshot
Operating margin
-11.8%
Spent more than it raised in the latest fiscal year.
Total assets
$4.8M
Total liabilities
$405K
Net assets
$4.4M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,323,339▲16.0% | $2,597,584▲11.9% | $4,417,485▼4.2% | $4,822,914▼3.7% | 990 |
| 2022 | $2,003,178▼8.7% | $2,321,120▲19.4% | $4,613,201▼2.9% | $5,009,052▼2.1% | 990 |
| 2021 | $2,194,568▼11.3% | $1,943,618▼19.6% | $4,749,950▲0.8% | $5,114,628▼4.7% | 990 |
| 2020 | $2,474,589▲78.6% | $2,418,120▲37.9% | $4,712,910▲5.5% | $5,367,160▲5.3% | 990 |
| 2019 | $1,385,398▼17.2% | $1,753,661▲8.8% | $4,468,124▼8.4% | $5,096,059▼0.9% | 990 |
| 2018 | $1,672,768▼0.6% | $1,611,279▼4.3% | $4,876,021▲1.2% | $5,144,661▲0.6% | 990 |
| 2017 | $1,682,715▲7.1% | $1,682,891▲9.4% | $4,818,357▲6.2% | $5,114,518▼0.8% | 990 |
| 2015 | $1,570,724▲8.1% | $1,538,537▲3.3% | $4,538,251▲0.1% | $5,153,275▼0.6% | 990 |
| 2014 | $1,452,909▼3.0% | $1,490,035▼1.0% | $4,534,772▼1.4% | $5,182,690▲0.1% | 990 |
| 2013 | $1,498,010 | $1,505,541 | $4,599,457 | $5,175,843 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
14 grants to Freeman Academy & Freeman Junior College totaling $83K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| South Dakota Community Foundation | Education | 2024 | $9,350 |
| American Online Giving Foundation Inc | General support | 2023 | $6,000 |
| The Blackbaud Giving Fund | General support | 2022 | $5,870 |
| South Dakota Community Foundation | Education | 2021 | $7,500 |
| National Christian Charitable Foundation | Growth | 2020 | $16,000 |
| South Dakota Community Foundation | Education | 2020 | $5,738 |
| National Christian Charitable Foundation | Growth | 2019 | $6,000 |
| National Christian Charitable Foundation | Growth | 2018 | $3,500 |
| National Christian Charitable Foundation | Growth | 2017 | $1,000 |
| National Christian Charitable Foundation | Education | 2016 | $3,000 |
| National Association For the Exchange of Industrial Resources I | Care of ill, needy, or minor | 2015 | $8,525 |
| South Dakota Community Foundation | Education | 2015 | $5,500 |
| National Christian Charitable Foundation | Education | 2015 | $150 |
| National Association For the Exchange of Industrial Resources I | Care of ill, needy, or minor | 2014 | $5,114 |
Explore more
Data for Freeman Academy & Freeman Junior College (EIN 46-0229820) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.