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Nonprofiteer
← Citizens for Free Enterprise Action

Form 990 for tax year 2024

Filed by Citizens for Free Enterprise Action.

Totals

Total revenue
$3,055,095
Total expenses
$2,994,494
Contributions and grants received
$3,055,095
Grants paid
$350,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$96,045
Total liabilities, end of year
$5,313
Net assets or fund balances, end of year
$90,732
Program services expenses (Part IX)
$1,829,665
Management and general expenses
$823,110
Fundraising expenses
$341,719
Program service expenses (Part III)
$1,829,665

Program services were 61.1% 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

    $3,055,095

  • 1g · Noncash contributions included above

    $95

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $350,000 · program services $350,000

  • 5 · Compensation of officers, directors and key employees

    total $1,000,000 · program services $333,334 · management and general $333,333 · fundraising $333,333

  • 7 · Other salaries and wages

    total $400,908 · program services $257,185 · management and general $143,723

  • 9 · Other employee benefits

    total $46,886 · management and general $46,886

  • 10 · Payroll taxes

    total $57,493 · program services $25,910 · management and general $23,197 · fundraising $8,386

  • 11b · Fees: legal

    total $100,723 · management and general $100,723

  • 11c · Fees: accounting

    total $2,000 · management and general $2,000

  • 11g · Fees: other

    total $475,970 · program services $367,500 · management and general $108,470

  • 12 · Advertising and promotion

    total $297,906 · program services $297,906

  • 13 · Office expenses

    total $17,039 · management and general $17,039

  • 16 · Occupancy

    total $42,780 · management and general $42,780

  • 17 · Travel

    total $55,750 · program services $53,963 · management and general $1,787

  • 19 · Conferences, conventions and meetings

    total $35,371 · program services $32,499 · management and general $2,872

  • 24a · Other expenses: Email marketing

    total $6,985 · program services $6,985

  • 24b · Other expenses: Research

    total $104,683 · program services $104,383 · management and general $300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,131 · end of year $96,045

  • 17 · Accounts payable and accrued expenses

    end of year $5,313

  • 31 · Retained earnings, endowment or other funds

    beginning of year $30,131 · end of year $90,732

Mission and programs · 2024

Mission

This Corporation is organized and operated exclusively for charitable and educational purposes within the meaning of IRC section 501(c)(4). The mission is to further the common good and general welfare of the citizens of the United States by educating - Cont. Schedule O

Activities or mission (Part I)

This Corporation is organized and operated exclusively for charitable and educational purposes within the meaning of IRC section 501c4 The mission is to further the common good and general welfare of the citizens of the United States by educating Cont Schedule O

  • CFFEA advanced public policy related to free enterprise including through educational campaigns, speaking engagements and conferences, media activity, social media campaigns, and through research and survey activity.

    Expenses $1,829,665 · Grants $350,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DOUGLAS DUCEY

    CEO

    Total calculated
    $1,000,000
    From this org
    $1,000,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,000,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $1,000,000

  • LAURA RAYMOND

    Operations manager

    Total calculated
    $162,000
    From this org
    $162,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $162,000

  • MATTHEW KOWNACKI

    Policy Director

    Total calculated
    $155,045
    From this org
    $155,045
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,045
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $155,045

  • JOE RICKETTS

    ChairmanPresident

    Total calculated
    $0
    Hours/week
    0.5

  • JAMES RICKETTS

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • PAUL BENNECKE

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • MARK SIMMONS

    Treasurer

    Total calculated
    $0
    Hours/week
    0.4

  • ALFRED LEVITT

    VP and Secretary

    Total calculated
    $0
    Hours/week
    0.4

  • STEVE CHRISTENSEN

    VP

    Total calculated
    $0
    Hours/week
    0.4

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 · Written employment contract
  • 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

The filer's explanations (Part III)

Part I, Line 1a
The employee complied
Part I, Line 1a
with established prece-
Part I, Line 1a
dent for certain travel
Part I, Line 1a
by directors & executive-
Part I, Line 1a
level management. Prior
Part I, Line 1a
approval for the travel
Part I, Line 1a
was sought and granted by
Part I, Line 1a
one or more directors.

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

Provenance

Return type
form_990
Tax year
2024
Filed
16 November 2025
IRS schema version
2024v5.2
Source object
202543209349302214

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