FINANCIALS
Celebrate Freedom Foundation (CFF) is a 501c3 nonprofit veteran organization. Being as such, the following occurs at the end of each calendar year before our financial information is posted.
Board of Directors
We have reviewed the accompanying financial statements of Celebration Freedom Foundation, Inc. (a non-profit organization), which comprises the statement of financial position as of December 31, 2024, and the related statements of activities, functional expenses, and cash flows for the year then ended 2024, and the related notes to the financial statements.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Reviewer’s Responsibility
Our responsibility is to express an opinion on these financial statements in accordance with accounting principles accepted in the United States of America. Those standards require that we plan and perform the oversight to obtain reasonable assurances about whether the financial statements are free from material misstatement.
A review involves performing procedures to obtain review evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the reviewer’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the review or considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design review procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. A review also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
After Review
The financial statements referred to above present fairly, in all material respects, the financial position of Celebrate Freedom Foundation of December 31, 2024, and the changes in its net assets and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.