Totals
- Total revenue
- $10,925,888
- Total expenses
- $6,870,810
- Contributions and grants received
- $10,508,282
- Grants paid
- $166,417
- Program service revenue
- $0
- Investment income
- $373,284
- Other revenue
- $44,322
- Total assets, end of year
- $27,909,259
- Total liabilities, end of year
- $3,811,612
- Net assets or fund balances, end of year
- $24,097,647
- Program services expenses (Part IX)
- $5,238,235
- Management and general expenses
- $910,673
- Fundraising expenses
- $721,902
- Program service expenses (Part III)
- $5,238,235
Program services were 76.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$3,735
-
1f · All other contributions, gifts and grants
$10,504,547
-
1g · Noncash contributions included above
$545,962
-
3 · Investment income
total $373,284 · excluded $373,284
-
11a · Other revenue: MISCELLANEOUS INCOME
total $44,322 · excluded $44,322
-
11e · Other revenue, total
$44,322
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $166,417 · program services $166,417
-
5 · Compensation of officers, directors and key employees
total $923,406 · program services $793,469 · management and general $81,714 · fundraising $48,223
-
7 · Other salaries and wages
total $1,193,087 · program services $1,025,202 · management and general $105,579 · fundraising $62,306
-
8 · Pension plan contributions
total $27,982 · program services $24,045 · management and general $2,476 · fundraising $1,461
-
9 · Other employee benefits
total $65,939 · program services $56,660 · management and general $5,835 · fundraising $3,444
-
10 · Payroll taxes
total $132,092 · program services $113,505 · management and general $11,689 · fundraising $6,898
-
11b · Fees: legal
total $10,897 · management and general $10,897
-
11c · Fees: accounting
total $181,002 · management and general $181,002
-
11g · Fees: other
total $308,440 · program services $280,034 · management and general $26,608 · fundraising $1,798
-
12 · Advertising and promotion
total $97,313 · program services $54,465 · management and general $42,498 · fundraising $350
-
13 · Office expenses
total $54,512 · program services $2,974 · management and general $51,538
-
14 · Information technology
total $152,111 · program services $78,818 · management and general $54,259 · fundraising $19,034
-
16 · Occupancy
total $518,998 · program services $380,603 · management and general $138,395
-
17 · Travel
total $1,016,548 · program services $340,614 · management and general $100,726 · fundraising $575,208
-
19 · Conferences, conventions and meetings
total $1,977,433 · program services $1,897,764 · management and general $79,669
-
24a · Other expenses: LICENSES & FEES
total $5,211 · program services $519 · management and general $3,571 · fundraising $1,121
-
24e · All other expenses
total $39,422 · program services $23,146 · management and general $14,217 · fundraising $2,059
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,062,370 · end of year $1,728,532
-
2 · Savings and temporary cash investments
beginning of year $7,717,806 · end of year $9,224,537
-
3 · Pledges and grants receivable
beginning of year $10,933,853 · end of year $12,681,217
-
9 · Prepaid expenses and deferred charges
beginning of year $67,686 · end of year $394,029
-
10a · Land, buildings and equipment: cost or other basis
$519,383
-
10b · Land, buildings and equipment: accumulated depreciation
$117,002
-
10c · Land, buildings and equipment, net
beginning of year $472,374 · end of year $402,381
-
11 · Investments: publicly traded securities
beginning of year $363,763 · end of year $632,074
-
15 · Other assets
beginning of year $3,033,663 · end of year $2,846,489
-
17 · Accounts payable and accrued expenses
beginning of year $278,463 · end of year $229,740
-
25 · Other liabilities
beginning of year $3,328,748 · end of year $3,581,872
-
27 · Net assets without donor restrictions
beginning of year $9,110,451 · end of year $11,233,633
-
28 · Net assets with donor restrictions
beginning of year $10,933,853 · end of year $12,864,014
Mission and programs · 2024
Mission
TO EDUCATE AND EMPOWER YOUNG AMERICANS TO MAKE INFORMED DECISIONS ABOUT THE POLICIES THAT DIRECTLY IMPACT THEIR LIVES. THROUGH IN-PERSONLECTURES, LEADERSHIP TRAINING PROGRAMS, AND WORKSHOPS ALONGSIDE ITS ONLINE EDUCATIONAL INITIATIVES TO BUILD A WELL-RESOURCED AND NETWORKED GROUP OF CITIZENS WHO UNDERSTAND THE ECONOMIC AND FISCAL CHALLENGES FACING OUR COUNTRY AND ARE COMMITTED TO DEVELOPING LONG-TERM POLICY SOLUTIONS.
Activities or mission (Part I)
TO PROVIDE YOUNG AMERICANS WITH RELIABLE INFORMATION ABOUT THE POLICIES, PROGRAMS, AND PROBLEMS THAT IMPACT THEIR LIVES.
-
PROVIDING LEADERSHIP TRAINING AND EDUCATIONAL MATERIALS FOR YOUNG AMERICANS. IN 2024, 59 EVENTS WERE HELD WITH 3,818 STUDENTS ATTENDING. FREE THE FACT'S GOAL IS TO PREPARE THE NEXT GENERATION OF LEADERS FOR THE PUBLIC POLICY ISSUES THAT WILL DOMINATE THEIR GENERATION'S POLICY CONVERSATIONS.
Expenses $5,238,235 · Grants $166,417
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Peter MorsePETER MORSE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Robert LongROBERT LONG
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Hunter PipesHUNTER PIPES
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Gregory E MichelGREGORY E MICHEL
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Lindsay HayesLINDSAY HAYES
PRESIDENT & CEO
- Total calculated
- $649,750
- From this org
- $632,500
- From related orgs
- $0
- Other
- $17,250
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $572,500
- Bonus
- $60,000
- Other
- $0
- Deferred
- $17,250
- Nontaxable benefits
- $0
- Filer's total
- $649,750
-
Camden StuebeCAMDEN STUEBE
CHIEF OPERATING OFFICER
- Total calculated
- $273,656
- From this org
- $260,625
- From related orgs
- $0
- Other
- $13,031
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $250,625
- Bonus
- $10,000
- Other
- $0
- Deferred
- $13,031
- Nontaxable benefits
- $0
- Filer's total
- $273,656
-
Thomas FodorTHOMAS FODOR
DIRECTOR, POLICY
- Total calculated
- $120,750
- From this org
- $115,000
- From related orgs
- $0
- Other
- $5,750
- Hours/week
- 40
-
Jason MarcellaJASON MARCELLA
CREATIVE DIRECTOR
- Total calculated
- $231,606
- From this org
- $226,673
- From related orgs
- $0
- Other
- $4,933
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $201,673
- Bonus
- $25,000
- Other
- $0
- Deferred
- $4,933
- Nontaxable benefits
- $0
- Filer's total
- $231,606
-
Briana MooreBRIANA MOORE
DIRECTOR, LEADERSHIP PROGRAMS
- Total calculated
- $112,301
- From this org
- $111,189
- From related orgs
- $0
- Other
- $1,112
- Hours/week
- 40
-
Kaitlyn RidelKAITLYN RIDEL
DIRECTOR, COMMS & MARKETING
- Total calculated
- $222,330
- From this org
- $221,524
- From related orgs
- $0
- Other
- $806
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $221,524
- Bonus
- $0
- Other
- $0
- Deferred
- $806
- Nontaxable benefits
- $0
- Filer's total
- $222,330
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · First-class or charter travel
- 1b · Written policy on the line-1a expenses
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
Answered no
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- FREE THE FACTS' PRESIDENT & CEO WILL OCCASIONALLY TRAVEL BY CHARTER TO MEETINGS AS PART OF THE IN-KIND CONTRIBUTIONS RECEIVED BY THE ORGANIZATION.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 19 August 2025
- IRS schema version
- 2024v5.2
- Source object
- 202542329349300839
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