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Nonprofiteer
← FREEDOMWORKS FOUNDATION INC

Form 990 for tax year 2023

Filed by FREEDOMWORKS FOUNDATION INC.

Totals

Total revenue
$4,607,322
Total expenses
$4,556,267
Contributions and grants received
$4,603,649
Grants paid
$0
Program service revenue
$0
Investment income
$3,673
Other revenue
$0
Total assets, end of year
$1,836,076
Total liabilities, end of year
$465,246
Net assets or fund balances, end of year
$1,370,830
Program services expenses (Part IX)
$4,290,899
Management and general expenses
$173,231
Fundraising expenses
$92,137
Program service expenses (Part III)
$4,290,899

Program services were 94.2% 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.

  • 1f · All other contributions, gifts and grants

    $4,603,649

  • 3 · Investment income

    total $3,673 · excluded $3,673

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $494,825 · program services $459,900 · management and general $23,854 · fundraising $11,071

  • 7 · Other salaries and wages

    total $1,567,018 · program services $1,456,414 · management and general $75,543 · fundraising $35,061

  • 8 · Pension plan contributions

    total $32,466 · program services $30,175 · management and general $1,565 · fundraising $726

  • 9 · Other employee benefits

    total $237,234 · program services $220,490 · management and general $11,436 · fundraising $5,308

  • 10 · Payroll taxes

    total $150,438 · program services $139,820 · management and general $7,252 · fundraising $3,366

  • 11b · Fees: legal

    total $27,499 · program services $26,288 · management and general $1,050 · fundraising $161

  • 11c · Fees: accounting

    total $61,266 · program services $58,568 · management and general $2,340 · fundraising $358

  • 11g · Fees: other

    total $516,190 · program services $493,458 · management and general $19,714 · fundraising $3,018

  • 12 · Advertising and promotion

    total $31,436 · program services $27,821 · management and general $356 · fundraising $3,259

  • 13 · Office expenses

    total $525,123 · program services $511,209 · management and general $1,774 · fundraising $12,140

  • 14 · Information technology

    total $85,046 · program services $81,301 · management and general $3,248 · fundraising $497

  • 16 · Occupancy

    total $469,497 · program services $434,556 · management and general $24,016 · fundraising $10,925

  • 17 · Travel

    total $242,813 · program services $240,782 · management and general $469 · fundraising $1,562

  • 19 · Conferences, conventions and meetings

    total $104,489 · program services $103,104 · management and general $252 · fundraising $1,133

  • 24a · Other expenses: INTEREST, TAXES, OTHER

    total $8,599 · program services $5,519 · management and general $285 · fundraising $2,795

  • 24b · Other expenses: BANK AND CREDIT CARD FE

    total $2,328 · program services $1,494 · management and general $77 · fundraising $757

  • 26 · Joint costs (an allocation of the lines above)

    total $12,757 · program services $11,499 · management and general $0 · fundraising $1,258

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $856,596 · end of year $535,200

  • 2 · Savings and temporary cash investments

    beginning of year $154,866 · end of year $109,429

  • 3 · Pledges and grants receivable

    beginning of year $695 · end of year $517

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,736 · end of year $1,912

  • 10a · Land, buildings and equipment: cost or other basis

    $105,407

  • 10b · Land, buildings and equipment: accumulated depreciation

    $105,407

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $645,236 · end of year $1,189,018

  • 17 · Accounts payable and accrued expenses

    beginning of year $343,541 · end of year $465,246

  • 27 · Net assets without donor restrictions

    beginning of year $1,319,588 · end of year $1,370,830

Mission and programs · 2023

Mission

THE MISSION OF FREEDOMWORKS FOUNDATION IS TO EDUCATE AND EMPOWER AMERICANS WITH THE PRINCIPLES OF INDIVIDUAL LIBERTY, SMALL GOVERNMENT, AND FREE MARKETS. EDUCATION IS THE ANIMATING FORCE THAT INFORMS THE DAILY ACTIVITIES AT FREEDOMWORKS FOUNDATION. THE ORGANIZATION WAS FOUNDED IN 1984 ON THE CAMPUS OF GEORGE MASON UNIVERSITY-A CENTER FOR AMERICAN FREE-MARKET ECONOMIC THOUGHT. SINCE THOSE EARLY DAYS, WE HAVE CONTINUED TO PURSUE A GOAL OF PRESERVING LIBERTY BY EDUCATION AMERICANS ABOUT FREE-MARKETS, LIMITED GOVERNMENT, AND INDIVIDUAL LIBERTY.

Activities or mission (Part I)

TO EDUCATE AND ENGAGE CITIZENS WHO STAND IN DEFENSE OF LIBERTY. SEE SCHEDULE OTO EDUCATE AND EMPOWER AMERICANS WITH THE PRINCIPLES OF INDIVIDUAL LIBERTY, SMALL GOVERNMENT, AND FREE MARKETS.

  • CENTER FOR ECONOMIC FREEDOM: THE FOUNDATION WORKS TO CONSTANTLY ENGAGE ACTIVISTS ACROSS THE COUNTRY IN ORDER TO IMPLEMENT ITS PROGRAMS. ADDITIONALLY, EDUCATION AND RESEARCH PROGRAMS ARE CONDUCTED TO SUPPORT THE COMMUNITY TO FURTHER ITS FREE MARKET AND LIMITED GOVERNMENT ACTIVITIES. STRATEGY INCLUDES STRATEGIC MANAGEMENT AND DISCUSSION ABOUT FOUNDATION DEVELOPMENT AND CREATION OF FUTURE PROGRAMS. IN ORDER TO ENSURE THAT THE FOUNDATION IS BEING RESPONSIVE TO ITS COMMUNITY AND KEY STAKEHOLDERS, THE FOUNDATION WILL CONTINUALLY EVALUATE PROGRAMS.

    Expenses $4,076,354

  • REGULATORY ACTION: THE FOUNDATION MOBILIZES THE COMMUNITY TO IMPLEMENT THE REGULATORY ACTION PROGRAM. THE FOUNDATION USES CUTTING EDGE TECHNOLOGY TO ENGAGE ITS COMMUNITY TO TAKE PART IN THE REGULATORY PROCESS. ADDITIONALLY, TRAINING AND SUPPORT ARE PROVIDED TO THE ACTIVIST COMMUNITY TO FURTHER THE FOUNDATION'S REGULATORY ENGAGEMENT.

    Expenses $85,818

  • FREEDOMWORKS FOUNDATION'S BUILDING EDUCATION FOR STUDENTS TOGETHER (BEST) PROGRAM WORKS TO EDUCATE AND MOBILIZE ACTIVISTS TO BECOME INVOLVED IN THE EDUCATION OF THEIR CHILDREN AND THE BROADER COMMUNITY. RESEARCH IS CONDUCTED ON EDUCATION POLICY ACROSS THE UNITED STATES. ACTIVISTS LEARN ABOUT THE DIFFERENT ROLES OF SCHOOL BOARDS, SUPERINTENDENTS, TEACHERS, AND PARENTS WITHIN THE EDUCATION SYSTEM.

    Expenses $128,727

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • PAUL BECKNER

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BETSY ALBAUGH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TED ABRAM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOAN CARTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARILYN HAYDEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROB LANSING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NICOLA OPDYCKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ADAM BRANDON

    PRESIDENT

    Total calculated
    $400,601
    From this org
    $229,362
    From related orgs
    $123,503
    Other
    $47,736
    Hours/week
    26 + 14 related

    Schedule J breakdown matched by us

    Base
    $229,245 + $123,440 related
    Bonus
    $0
    Other
    $117 + $63 related
    Deferred
    $14,625 + $7,875 related
    Nontaxable benefits
    $16,403 + $8,833 related
    Filer's total
    $260,390 + $140,211 related

  • PARISSA SEDGHI FORNWALT

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • NOAH WALL

    EXEC. VICE PRESIDENT (UNTIL 3/7/23)

    Total calculated
    $145,005
    From this org
    $86,999
    From related orgs
    $46,846
    Other
    $11,160
    Hours/week
    26 + 14 related

  • MARGARET IUCULANO

    EXEC. VICE PRESIDENT (3-8/2023)

    Total calculated
    $215,845
    From this org
    $128,749
    From related orgs
    $69,327
    Other
    $17,769
    Hours/week
    26 + 14 related

    Schedule J breakdown matched by us

    Base
    $128,749 + $69,327 related
    Bonus
    $0
    Other
    $0
    Deferred
    $11,550 + $6,219 related
    Nontaxable benefits
    $0
    Filer's total
    $140,299 + $75,546 related

  • JOHN TAMNY

    DIR. CENTER FOR ECONOMIC FREEDOM

    Total calculated
    $219,395
    From this org
    $147,771
    From related orgs
    $16,419
    Other
    $55,205
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $147,771 + $16,419 related
    Bonus
    $0
    Other
    $0
    Deferred
    $27,000 + $3,000 related
    Nontaxable benefits
    $22,685 + $2,520 related
    Filer's total
    $197,456 + $21,939 related

  • PHILLIP BELL

    DIR. OF EXTERNAL RELATIONS

    Total calculated
    $165,916
    From this org
    $108,885
    From related orgs
    $42,344
    Other
    $14,687
    Hours/week
    26 + 14 related

    Schedule J breakdown matched by us

    Base
    $108,885 + $42,344 related
    Bonus
    $0
    Other
    $0
    Deferred
    $3,981 + $2,144 related
    Nontaxable benefits
    $5,565 + $2,997 related
    Filer's total
    $118,431 + $47,485 related

  • MATTHEW CARNOVALE

    VP OF DEVELOPMENT

    Total calculated
    $148,556
    From this org
    $90,874
    From related orgs
    $48,932
    Other
    $8,750
    Hours/week
    26 + 14 related

  • LAURA ZORC

    VP OF PROG. & E.D. OF B.E.S.T.

    Total calculated
    $141,216
    From this org
    $67,754
    From related orgs
    $36,483
    Other
    $36,979
    Hours/week
    26 + 14 related

  • JONATHAN EBERLE

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $113,020
    From this org
    $65,462
    From related orgs
    $35,249
    Other
    $12,309
    Hours/week
    26 + 14 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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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

No itemized grants to organizations on this return.

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
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413179349309671

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