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← LIBERTY INITIATIVE FUND

Form 990 for tax year 2022

Filed by LIBERTY INITIATIVE FUND.

Totals

Total revenue
$2,267,074
Total expenses
$5,209,973
Contributions and grants received
$2,267,074
Grants paid
$1,768,500
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$8,535
Total liabilities, end of year
$686,779
Net assets or fund balances, end of year
-$678,244
Program services expenses (Part IX)
$5,129,229
Management and general expenses
$48,030
Fundraising expenses
$32,714
Program service expenses (Part III)
$5,129,229

Program services were 98.5% 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.

  • 1f · All other contributions, gifts and grants

    $2,267,074

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,768,500 · program services $1,768,500

  • 5 · Compensation of officers, directors and key employees

    total $88,200 · program services $70,560 · management and general $8,820 · fundraising $8,820

  • 7 · Other salaries and wages

    total $51,250 · program services $41,000 · management and general $5,125 · fundraising $5,125

  • 8 · Pension plan contributions

    total $2,646 · program services $2,117 · management and general $264 · fundraising $265

  • 9 · Other employee benefits

    total $18,707 · program services $14,966 · management and general $1,871 · fundraising $1,870

  • 10 · Payroll taxes

    total $11,052 · program services $8,842 · management and general $1,105 · fundraising $1,105

  • 11b · Fees: legal

    total $5,260 · management and general $5,260

  • 11c · Fees: accounting

    total $7,370 · management and general $7,370

  • 11g · Fees: other

    total $3,101,180 · program services $3,100,747 · management and general $216 · fundraising $217

  • 13 · Office expenses

    total $266 · management and general $266

  • 24a · Other expenses: REIMBURSABLE EXPENSE

    total $153,121 · program services $122,497 · management and general $15,312 · fundraising $15,312

  • 24b · Other expenses: BANK FEES

    total $2,421 · management and general $2,421

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,771,128 · end of year $8,535

  • 15 · Other assets

    beginning of year $567,967 · end of year $0

  • 25 · Other liabilities

    beginning of year $74,440 · end of year $686,779

  • 27 · Net assets without donor restrictions

    beginning of year $2,264,655 · end of year -$678,244

Mission and programs · 2022

Mission

LIBERTY INITIATIVE FUND PROMOTES GOVERNMENTAL ACCOUNTABILITY AND PROTECTS PERSONAL AND ECONOMIC FREEDOM PRIMARILY BY ADVOCATING FOR CITIZEN INITIATIVES AND OTHER BALLOT MEASURES THAT SUPPORT LIBERTY AND OPPOSING THOSE BALLOT MEASURES THAT REDUCE LIBERTY AND GOVERNMENTAL ACCOUNTABILITY.

Activities or mission (Part I)

TO RALLY AMERICANS TO RESTORE GREATER CITIZEN CONTROL OF GOVERNMENT BY ASSISTING CITIZENS IN TAKING THE INITIATIVE OR REFERENDUM OR RECALL PROCESS TO INCREASE OUR LIBERTY ESPECIALLY BY PLACING MEASURES ON STATE AND LOCAL BALLOTS.

  • PROMOTES GOVERNMENTAL ACCOUNTABILITY AND PROTECTS PERSONAL AND ECONOMIC FREEDOM PRIMARILY BY ADVOCATING FOR CITIZEN INITIATIVES AND OTHER BALLOT MEASURES THAT SUPPORT LIBERTY AND OPPOSING THOSE BALLOT MEASURES THAT REDUCE LIBERTY AND GOVERNMENTAL ACCOUNTABILITY.

    Expenses $5,129,229 · Grants $1,768,500

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Paul Jacob

    PRESIDENT

    Total calculated
    $182,589
    From this org
    $88,200
    From related orgs
    $58,800
    Other
    $35,589
    Hours/week
    20 + 35 related

    Schedule J breakdown matched by us

    Base
    $88,200 + $58,800 related
    Bonus
    $0
    Other
    $0
    Deferred
    $2,646 + $1,765 related
    Nontaxable benefits
    $18,707 + $12,471 related
    Filer's total
    $109,553 + $73,036 related

  • Frank Gilbert

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • Scott Tillman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 5 related

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 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

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

  • PROTECT MI VOTER ID

    $855,000

    ADVOCACY

  • MICHIGAN GUARDIANS OF DEMOCRACY

    $600,000

    ADVOCACY

  • SECURE MI VOTE

    $192,000

    ADVOCACY

  • PINE TREE PUBLIC POLICY INSTITUTE

    $97,500

    ADVOCACY

  • AMERICANS FOR CITIZENS VOTING

    $20,000

    ADVOCACY

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349319824

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