Freestone Ministries Inc

LUBBOCK, TX EIN: 81-2199504

Freestone Ministries Inc is a private foundation focused on Religion Related, based in LUBBOCK, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $16K in total assets. In 2024, it made $895 in qualifying distributions.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$16K

-3.4% YoY

Revenue

$8K

+228.0% YoY

Qualifying Distributions

$895

-23.3% YoY

Expenses

$9K

-13.3% YoY

Under IRS private-foundation payout rules, Freestone Ministries Inc reported a distributable amount of $791 for 2024 — the minimum it must pay out in qualifying distributions.

About Freestone Ministries Inc

Based on IRS filings

Focus Areas

Religion Related

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $5K (100%)

States

Florida

Cities

Tampa

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$15,664	$16,213	$23,804
Revenue	$8,200	$2,500	$7,000
Expenses	$8,749	$10,091	$9,273
Qualifying Distributions	$895	$1,167	—
Net Investment Income	—	—	—
Distributable Amount	$791	$1,022	$1,309

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
LANDON SHEETS	Director	2	—
LEE HAMILTON	Director	2	—
BEN HAMILTON	Director	2	—

Subject Areas

Focus areas based on grantmaking activity

Religion Related

Frequently Asked Questions

What is Freestone Ministries Inc?

Freestone Ministries Inc is a private foundation focused on Religion Related, based in LUBBOCK, TX. It holds $16K in total assets as of 2024.

How large is Freestone Ministries Inc?

As of 2024, Freestone Ministries Inc holds $16K in total assets with $8K in annual revenue.

Where does Freestone Ministries Inc operate?

Freestone Ministries Inc has awarded grants in Florida.

How much is Freestone Ministries Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Freestone Ministries Inc reported a distributable amount of $791 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.