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Nonprofiteer
← FREEDOMWORKS INC

Form 990 for tax year 2022

Filed by FREEDOMWORKS INC.

What the amendment changed

Compared with the return it replaced , filed 8 November 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$5,081,113
Total expenses
$6,388,308
Contributions and grants received
$4,609,796
Grants paid
$100
Program service revenue
$0
Investment income
$471,317
Other revenue
$0
Total assets, end of year
$11,646,154
Total liabilities, end of year
$13,602,414
Net assets or fund balances, end of year
-$1,956,260
Program services expenses (Part IX)
$5,272,166
Management and general expenses
$774,804
Fundraising expenses
$341,338
Program service expenses (Part III)
$5,272,166

Program services were 82.5% 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

    $4,609,796

  • 3 · Investment income

    total $1,805 · excluded $1,805

  • 7a · Gross sales of assets other than inventory

    securities $495,648

  • 7b · Less cost or other basis and sales expenses

    securities $26,136

  • 7c · Gain or loss

    securities $469,512

  • 7d · Net gain or loss

    total $469,512 · excluded $469,512

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100 · program services $100

  • 5 · Compensation of officers, directors and key employees

    total $247,478 · program services $193,998 · management and general $33,261 · fundraising $20,219

  • 7 · Other salaries and wages

    total $1,408,255 · program services $1,247,449 · management and general $127,394 · fundraising $33,412

  • 8 · Pension plan contributions

    total $35,393 · program services $27,744 · management and general $4,757 · fundraising $2,892

  • 9 · Other employee benefits

    total $136,077 · program services $106,671 · management and general $18,289 · fundraising $11,117

  • 10 · Payroll taxes

    total $140,377 · program services $110,041 · management and general $18,867 · fundraising $11,469

  • 11b · Fees: legal

    total $97,812 · program services $88,821 · management and general $8,991

  • 11c · Fees: accounting

    total $30,907 · management and general $30,907

  • 11e · Fees: professional fundraising services

    total $108,142 · fundraising $108,142

  • 11g · Fees: other

    total $659,492 · program services $613,300 · management and general $32,557 · fundraising $13,635

  • 12 · Advertising and promotion

    total $1,417,681 · program services $1,298,225 · management and general $24,119 · fundraising $95,337

  • 13 · Office expenses

    total $306,755 · program services $263,497 · management and general $34,275 · fundraising $8,983

  • 16 · Occupancy

    total $809,785 · program services $728,544 · management and general $71,066 · fundraising $10,175

  • 17 · Travel

    total $218,168 · program services $200,837 · management and general $9,242 · fundraising $8,089

  • 19 · Conferences, conventions and meetings

    total $403,434 · program services $387,318 · management and general $6,298 · fundraising $9,818

  • 22 · Depreciation, depletion and amortization

    total $344,253 · management and general $344,253

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

    total $10,389 · program services $4,749 · management and general $5,336 · fundraising $304

  • 24b · Other expenses: BANK FEES

    total $8,572 · program services $854 · management and general $5,024 · fundraising $2,694

  • 24c · Other expenses: CREDIT CARD FEES

    total $5,238 · program services $18 · management and general $168 · fundraising $5,052

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

    total $1,049,559 · program services $941,470 · management and general $0 · fundraising $108,089

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $585,190 · end of year $274,221

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $480,458

  • 3 · Pledges and grants receivable

    beginning of year $118,469 · end of year $236,622

  • 9 · Prepaid expenses and deferred charges

    beginning of year $247,423 · end of year $334,953

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

    $4,340,704

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

    $2,413,120

  • 10c · Land, buildings and equipment, net

    beginning of year $1,956,597 · end of year $1,927,584

  • 15 · Other assets

    beginning of year $560,405 · end of year $8,392,316

  • 17 · Accounts payable and accrued expenses

    beginning of year $883,377 · end of year $1,584,676

  • 25 · Other liabilities

    beginning of year $2,539,215 · end of year $12,017,738

  • 27 · Net assets without donor restrictions

    beginning of year $45,492 · end of year -$1,956,260

Mission and programs · 2022

Mission

FREEDOMWORKS EXISTS TO BUILD, EDUCATE, MOBILIZE THE LARGEST NETWORK OF ACTIVISTS ADVOCATING THE PRINCIPLES OF SMALLER GOVERNMENT, LOWER TAXES, FREE MARKETS, PERSONAL LIBERTY, AND THE RULE OF LAW. FREEDOMWORKS WAS FOUNDED TO FIGHT FOR LIBERTY AND TO BRING TOGETHER THE BEST AND BRIGHTEST MINDS OF THE LIBERTY MOVEMENT. FREEDOMWORKS DEVELOPS POLICY IDEAS BASED ON ITS PRINCIPLES AND SERVES AS A FREE-MARKET CENTER TO SUPPORT AND TO EXPAND GRASSROOTS DEVELOPMENT AND ACTION FOR THE NATIONAL FREEDOM MOVEMENT. FREEDOMWORKS SUPPORTS AND ENCOURAGES MORE THAN 6 MILLION AMERICANS WHO ARE PASSIONATE ABOUT PROMOTING FREE MARKETS AND INDIVIDUAL LIBERTY, WHO ARE COMMITTED TO LESS GOVERNMENT, LOWER TAXES, AND ECONOMIC FREEDOM. FOR OVER A QUARTER CENTURY, FREEDOMWORKS HAS IDENTIFIED, EDUCATED, AND ACTIVATED CITIZENS WHO SUPPORT FREE ENTERPRISE AND CONSTITUTIONALLY LIMITED GOVERNMENT.

Activities or mission (Part I)

SERVICE CENTER FOR THE GRASSROOTS FREEDOM MOVEMENT ACROSS THE WHOLE COUNTRY.

  • GRASSROOTS MOBILIZATION, COMMUNITY BUILDING, AND LOBBYING: TRAINING, EDUCATION, EQUIPPING, ENGAGING, AND MOBILIZING CONSTITUENTS ACROSS THE COUNTRY TO ADVOCATE FOR LIMITED GOVERNMENT AND LIBERTY AT THE LOCAL, STATE, AND FEDERAL LEVEL. FREEDOMWORKS, INC. BOLSTERS THE EFFECTIVENESS OF ITS GRASSROOTS MOBILIZATION THROUGH RESEARCH AND DIRECT LOBBYING OF MEMBERS OF CONGRESS.

    Expenses $5,272,166 · Grants $100

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

Listed in Part VII

  • FRANK TSAMOUTALES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARY BETH WEISS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PETER COPSES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN MODZELEWSKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAUL BECKNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RICHARD J STEPHENSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CARL THOMAS KNUDSEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOAN CARTER

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PARISSA SEDGHI FORNWALT

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ADAM BRANDON

    PRESIDENT

    Total calculated
    $418,238
    From this org
    $136,417
    From related orgs
    $253,346
    Other
    $28,475
    Hours/week
    14 + 26 related

    Schedule J breakdown matched by us

    Base
    $136,354 + $253,229 related
    Bonus
    $0
    Other
    $63 + $117 related
    Deferred
    $3,690 + $6,852 related
    Nontaxable benefits
    $6,277 + $11,656 related
    Filer's total
    $146,384 + $271,854 related

  • NOAH WALL

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $288,846
    From this org
    $89,227
    From related orgs
    $165,708
    Other
    $33,911
    Hours/week
    14 + 26 related

    Schedule J breakdown matched by us

    Base
    $89,177 + $165,614 related
    Bonus
    $0
    Other
    $50 + $94 related
    Deferred
    $4,459 + $8,281 related
    Nontaxable benefits
    $7,410 + $13,761 related
    Filer's total
    $101,096 + $187,750 related

  • JOHN TAMNY

    DIR. CENTER FOR ECONOMIC FREEDOM

    Total calculated
    $201,686
    From this org
    $157,500
    From related orgs
    $17,500
    Other
    $26,686
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $153,000 + $17,000 related
    Bonus
    $4,500 + $500 related
    Other
    $0
    Deferred
    $7,013 + $779 related
    Nontaxable benefits
    $17,005 + $1,889 related
    Filer's total
    $181,518 + $20,168 related

  • STEVE MOORE

    ECONOMIST

    Total calculated
    $185,879
    From this org
    $57,750
    From related orgs
    $107,250
    Other
    $20,879
    Hours/week
    14 + 26 related

    Schedule J breakdown matched by us

    Base
    $57,750 + $107,250 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,308 + $13,571 related
    Filer's total
    $65,058 + $120,821 related

  • SAVANNAH STEELE

    SENIOR CONTROLLER

    Total calculated
    $157,634
    From this org
    $50,750
    From related orgs
    $94,250
    Other
    $12,634
    Hours/week
    14 + 26 related

    Schedule J breakdown matched by us

    Base
    $47,250 + $87,750 related
    Bonus
    $3,500 + $6,500 related
    Other
    $0
    Deferred
    $2,363 + $4,388 related
    Nontaxable benefits
    $2,059 + $3,824 related
    Filer's total
    $55,172 + $102,462 related

  • JOHN STODDARD

    VP OF MARKETING (UNTIL 08/19/22)

    Total calculated
    $176,503
    From this org
    $56,978
    From related orgs
    $105,816
    Other
    $13,709
    Hours/week
    14 + 26 related

    Schedule J breakdown matched by us

    Base
    $56,942 + $105,750 related
    Bonus
    $0
    Other
    $36 + $66 related
    Deferred
    $1,891 + $3,512 related
    Nontaxable benefits
    $2,907 + $5,399 related
    Filer's total
    $61,776 + $114,727 related

  • CASAR YBARRA

    VICE PRESIDENT OF POLICY

    Total calculated
    $146,031
    From this org
    $47,250
    From related orgs
    $87,750
    Other
    $11,031
    Hours/week
    14 + 26 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

  • 2 · Substantiation required before reimbursing expenses
  • 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.

  • FREEDOMWORKS FOUNDATION

    501(C)(3) · RESEARCH AND EDUCATION OF CONSUMER-FOCUSED ECONOMIC POLICIES · DC · controlled entity

    Directly controlled by FREEDOMWORKS INC

Provenance

Return type
form_990
Tax year
2022
Filed
25 January 2024
IRS schema version
2022v5.0
Source object
202410259349300806

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