freedomworks foundation 521526916 2005 0270b7e7searchable

1,

Form 990 , .. Return of Organization Exempt From Income Tax 2005

OMB No 1545-0047

Department or the Treasury Internal Revenue Service

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation) Open to Public

Inspection -~ The organization may have to use a copy of this return to satisfy state reporting requirements.

A For the 2005 calendar year, or tax year beginning and ending

B Check II Please C Name of organization D Employer identification number applicable use IRS

DAddress label or FreedomWorks Foundation Inc. 52-1526916 change prmtor oName type Number and street (or P.O. box 1f ma1l 1s not delivered to street address) I Room/suite E Telephone number change

See 01n1t1al Specific 1775 Pennsvlvania Avenue. NW 1100 202-783-3870 return

DFinal lnstruc· City or town, state or country, and ZIP+ 4 F Accounbng method D ~ X return tions Accrual

[x]Amended return Washinaton. DC 20006 D Other ,~ (soec1tvl

DAppllcat1on • Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable trusts H and I are not applicable to section 527 organizations. pending must attach a completed Schedule A (Form 990 or 990-EZ).

H(a) Is this a group return for affiliates? Dves OONo G Website:~www. freedomworks. ora H(b) lf"Yes,· enter number of affiliates~ NLA J Organization type (checkonlyone)~[x] 501(c) ( 3 ) ..... ~nser1no) D 4947(a)(1) or D 527 H(c) Are all affiliates included? N/A Dves 0No K Check here ~ D 1f the organization's gross receipts are normally not more than $25,000. The ( If "No,' attach a list)

H( d) Is this a separate return filed by an or- D organization need not file a return with the IRS; but 1f the organization chooses to file a return, be ganizat1on covered bv a group ruling? Yes OONo sure to file a complete return. Some states require a complete return. I Group Exemption Number~ N/A

M Check~ D If the organization 1s not required to attach L Gross receipts: Add Imes 6b, Bb, 9b, and 10b to lme 12 ~ 3.836 175. Sch. 8 (Form 990, 990-EZ, or 990-PF).

I Part 11 Revenue, Expenses, and Changes in Net Assets or Fund Balances 1 Contributions, gifts, grants, and s1m1lar amounts received:

a Direct public support 1a 3.684.002. b Indirect public support .. 1b c Government contributions (grants) .. 1c d Total (add Imes 1a through 1c) (cash$ 3l684l002. noncash $ ) 1d 3.684 002.

2 Program service revenue mcludmg government fees and contracts (from Part VII, lme 93) 2 3 Membership dues and assessments .. 3 4 Interest on savings and temporary cash investments .. 4 5 D1v1dends and interest from securities 5 1.887. 6 a Gross rents See Statement 1 I 6a I 143 680.

b Less:rentalexpenses 6b c Net rental mcome or (loss) (subtract lme 6b from lme 6a) .. .. 6c 143 680.

CII 7 Other investment income (describe ~ ) 7 ::,

B a Gross amount from sales of assets other (Al Securities (Bl Other r:: ~ than inventory Ba CII a:

b Less: cost or other basis and sales expenses Bb c Gain or (loss) ( attach schedule) Be d Net gain or (loss) (combine lme Be, columns (A) and (8)) Bd

9 Special events and activ1t1es (attach schedule). If any amount is fro.m gaming, ~he~k here.~ ·o a Gross revenue not mcludmg $ of contributions

reported on hm e::>es oi5:CJiJr\lEQ;enses

I 9a I b Less: direct ex1 9b c Net income or,, fl&S from special events (suouac1 ~ ~b from hne 9a) 9c

10 a Gross sales of @1 toryJlijNetitrnl;a~ran ~ I 10a I b Less: cost of g 1odi sold (J') . . . 10b

Gross profit or (loss) O~tl~r~·u r'd ~ hedule) (subtract lme 10b from lme 10a) c 10c 11 Other revenue from ,. . . . 11 6 606. 12 Total revenue ladd Imes 1d 2 3 4, ::,, oc ,. ou. ""· uc and 111 12 3.836 175. 13 Program services (from lme 44, column (8)) 13 2.092 262.

Ill CII 14 Management and general (from lme 44, column (C)) 14 457 890. Ill r::

15 Fundra1sing (from lme 44, column (D)) 483 727. CII 15 Q.

in 16 Payments to affiliates (attach schedule) . . .. 16 17 Total exoenses ladd Imes 16 and 44 column (All 17 3 033.879. 18 Excess or (deficit) for the year (subtract lme 17 from lme 12) 18 802.296.

Ill .. -;;t 19 Net assets or fund balances at begmnmg of year (from lme 73, column (A)) 19 <262.488. z gi

.. < 20 Other changes in net assets or fund balances (attach explanation) Se~ Statement. 2 20 <89.268.

21 Net assets or fund balances at end of year (combine Imes 18, 19, and 20) 21 450.540. ~~~gf-1s LHA For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions. Form 990 (2005)

1 18000623 739466 FWFoundation 2005.05060 FreedomWorks Foundation, In FWFOUNDl

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1,·

Form990 OG',5 1• FreedomWorks Foundation Inc. 52-1526916 Pa e2 Part II Statement of All organizations must complete column (A). Columns (B), (C), and (D) are required for section 501(c)(3)

Functional Expenses and (4) organizations and section 4947(a)(1) nonexempt charitable trusts but optional for others.

Do not include amounts reported on /me (A) Total (B) Program (C) Management (D) Fundraismg 6b, Bb, 9b, 10b, or 16 of Part I. services and general

22 Grants and allocations (attach schedule)

(cash $ 0 • noncash $ o. II !hos amount includes foreign grants. check here ~ D 22

23 Specific assistance to 1nd1v1duals (attach

schedule) .. . . .. 23

24 Benefits paid to or for ma-nbers (attach

schedule) .. .. 24

25 Compensation of officers, directors, etc.* ~ 25 587 785. 430.290. 75.533. 81 962. 26 Other salanes and wages 26 609 709. 502.505. 43.653. 63 551. 27 Pension plan contnbut1ons 27

28 Other employee benefrts .. 28 62 770. 44.884. 7.129. 10 757. 29 Payroll taxes .. 29 59 335. 41 503. 7.971. 9. 861. 30 Professional fundra1sing fees 30

31 Accounting fees .... 31 75 327. 75.327. 32 Legal fees ... 32 217 936. 199.400. 18.536. 33 Supplies .. . . 33 15 385. 8.112. 6.065. 1 208. 34 Telephone . .. .. ... 34 46 618. 33.836. 7.513. 5 269. 35 Postage and sh1pp1ng ... 35 10.758. 6.463. 1. 508. 2.787. 36 Occupancy .. 36 308.145. 215.516. 41. 415. 51.214. 37 Equipment rental and maintenance 37 28.427. 20.008. 3.764. 4 655. 38 Pnnt1ng and publications . 38 16.772. 12.952. 3 820. 39 Travel 39 297.983. 186.552. 6.050. 105 381. 40 Conferences, conventions, and meetings 40 66.989. 15.139. 475. 51.375. 41 Interest 41

42 Deprec1at1on, depletion, etc (attach schedule) 42 31.710. 22.178. 4.262. 5.270. 43 Other expenses not covered above Otemize):

a 43a

b 43b

c 43c

d 43d

e 43e

f 43f g See Statement 3 43a 598.230. 352.924. 158.689. 86.617.

44 Total functional expenses. Add lines 22 through 43. (Organizations completing columns (B)·(D), carry these totals to lines 13·15) .. .. 44 3.033.879. 2.092.262. 457.890. 483.727.

Joint Costs. Check ~ D if you are following SOP 98·2.

Are any jomt costs from a combined educational campaign and fundra1smg sollcrtat1on reported m (B) Program services? ~ D Yes [x] No

If "Yes,' enter (i) the aggregate amount of these Jomt costs$ N /A ;(ii) the amount allocated to Program services $ __ --'N="-/-=-A=----liiil the amount allocated to Management and general $ N /A : and (ivl the amount allocated to Fundra1smg $ N /A

523011 02-03-06

** See Statement 4

2

Form 990 (2005)

18000623 739466 FWFoundation 2005.05060 FreedomWorks Foundation, In FWFOUNDl

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Form 990 o~s FreedomWorks Foundation Inc. 52-1526916 Pa e3 Part Ill Statement of Program Service Accomplishments (See the mstruct,ons.)

Form 990 is available for public inspection and, for some people, serves as the primary or sole source of 1nformat1on about a particular organization.

How the public perceives an organ1zat1on in such cases may be determined by the 1nformat1on presented on rts return. Therefore, please make sure the

return 1s complete and accurate and fully descnbes, 1n Part Ill, the organ1zat1on's programs and accomplishments

What 1s the organization's pnmary exempt purpose? ~ See Statement 5

All organ1zat1ons must descnbe their exempt purpose achievements 1n a clear and concise manner. State the number of

clients served, publications issued, etc. Discuss achievements that are not measurable. (Section 501(c)(3) and (4)

organizations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations to others.)

a Federal and State Camoaians: Research & education on reformina Federal and state nolicies in areas such as taxation. social securitv soendina oolicv. litiaation reform. and other mission-related issues.

!Grants and allocations $ l If this amount includes fore1an arants check here ~ D b Public Affairs: Research and education on how reducina

Federal reaulations will imnrove the economv bv disseminatina information throuah nrint. broadcast media. and on-line education.

!Grants and allocations $ \ If this amount includes fore1an arants check here ~r l c Other Core Proarams: Various nroarams aimed at nromotina

consumer-focused economic nolicies throuah education and research in both domestic and international economic markets.

(Grants and allocations $ ) If this amount includes fore1an arants check here

d

(Grants and allocations $ \ If this amount includes fore1an a rants check here

e Other program services (attach schedule)

(Grants and allocations $ \ If this amount includes fore1an arants check here

f Total of Program Servi:e Expenses (should equal line 44, column (B), Program services)

523021 02-03-08

3

~

~

~

D

I I

D

Program Service Expenses

(Required for 501(c)(3) and ( 4) orgs., and

4947(a)( 1) trusts; but optional for others.)

1.644 299.

214.783.

233.180.

2,092,262. Form 990 (2005)

18000623 739466 FWFoundation 2005.05060 Freedomworks Foundation, In FWFOUNDl

Form 990 (20Cil5) . FreedomWorks Foun d ation. Inc. I Part IV I Balance Sheets (See the instructions.)

Note: Where required, attached schedules and amounts within the descnpt,on column should be for end-of-year amounts only.

45 Cash · non·interest-beanng .... . . .. 46 Savings and temporary cash investments . ....

47 a Accounts receivable 478

b Less: allowance for doubtful accounts .. 47b

48 8 Pledges receivable 488 68 192. ..... . . .. b Less: allowance for doubtful accounts 48b

49 Grants receivable . . .. 50 Receivables from officers, directors, trustees,

and key employees .. ... Cl) I 51a I .. 51 a Other notes and loans receivable GI Cl) Cl) b Less: allowance for doubtful accounts 51b <

52 Inventories for sale or use ..

53 Prepaid expenses and deferred charges

54 Investments - securities ~ D Cost DFMV

55 a Investments· land, buildings, and

equipment: basis 55a

b Less. accumulated deprec1at1on 55b

56 Investments - other .

57 a Land, bu1ld1ngs, and equipment: basis I 51a I b Less: accumulated deprec1at1on 57b

58 Other assets ( describe ~

59 Total assets lmust eaual line 741. Add Imes 45 throuah 58

60 Accounts payable and accrued expenses .... ... . .. 61 Grants payable . . . ... 62 Deferred revenue

Cl) ..

GI 63 Loans from officers, directors, trustees, and key employees ~

... .. :s 64 a Tax-exempt bond hab11it1es cu

b Mortgages and other notes payable :::i 65 Other liabilities (describe ~ Due to related entity

66 Total liabilities. Add hnes 60 throuah 65)

Organizations that follow SFAS 117, check here~ [xJ and complete lines

Cl) 67 through 69 and hnes 73 and 7 4.

GI 67 Unrestricted u .. c

68 Temporarily restricted . cu .. iv ID 69 Permanently restricted .. ,,

o;nd c Organizations that do not follow SFAS 117, check here ~ ::I u.. .. 0

70 Cl)

ti 71 Cl) Cl)

< 72 .. GI 73 z

74

523031 02-03-06

complete hnes 70 through 74 .

Capital stock, trust pnnc1pal, or current funds ... Paid-in or capital surplus, or land, bu1ld1ng, and equipment fund

Retained earnings, endowment, accumulated income, or other funds

Total net assets or fund balances (add Imes 67 through 69 or Imes 70 through 72; column (A) must equal line 19; column (B) must equal lme 21) . . . .. Total liabilities and net assets/fund balances. Add Imes 66 and 73

4

..

..

... .... ...

)

)

52 1526916 -

(A) (B) Begmnmg of year End of year

146 880. 45 512 462. 46

47c

300 000. 48c 68 192. 49

50

51c

52

38,967. 53 4 296. 54

55c

56

5,759. 57c

58

491.606. 59 584 950. 60

61

62

63

64a

64b

754.094. 65 134.410.

754.094. 66 134 410.

<562.488. ~67 382,348. 300.000. 68 68.192.

69

70

71

72

<262,488. >73 450 540. 491.606. 74 584 950.

Form 990 (2005)


Form990 oos FreedomWorks Foundation Inc. 52-1526916 Pa e5 Part IV-A Reconciliation of Revenue per Audited Financial Statements With Revenue per Return (See the

instructions.)

a Total revenue, gains, and other support per audited financial statements .. . . . .. .. a 3 746 907. b Amounts included on line a but not on Part I, line 12:

1 Net unrealized gains on investments ... b1 2 Donated services and use of fac1lrt1es ... .. b2 3 Recovenes of pnor year grants

" . " .. b3 4 Other (specify}: See Statement 6 b4 <89 268. >

Add Imes b1 through b4 .. " b <89.268.

c Subtract line b from line a . . . .. " c 3 836.175.

d Amounts included on Part I, line 12, but not on line a:

I d1 I 1 Investment expenses not included on Part I, line 6b .. 2 Other (specify): d2

Add Imes d1 and d2 " " " .. " . . . .. d 0.

e Total revenue (Part I line 12l. Add lines c and d ..... e 3.836.175 . I Part IV-B I Reconciliation of Expenses per Audited Financial Statements With Expenses per Return

a Total expenses and losses per audited financial statements . . . . .. .. a 3 033.879. b Amounts included on line a but not on Part I, line 17:

1 Donated services and use of fac1llt1es b1 "

2 Pnor year adJustments reported on Part I, hne 20 b2 3 Losses reported on Part I, line 20 .. " " .. .. "

b3 4 Other (specify): b4

Add lines b1 through b4 " ... b o.

c Subtract line b from hne a ". c 3.033.879. d Amounts included on Part I, line 17, but not on line a:

ld1I 1 Investment expenses not included on Part I, line 6b

2 Other (specify): d2 Add lines d1 and d2 . .. .. . . . . . . .... d 0.

e Total exoenses (Part I line 17). Add lines c and d ..... e 3.033 879. I PartV-AI Current Officers, Directors, Trustees, and Key Employees (List each person who was an officer, director, trustee,

or key employee at any time dunng the year even If they were not compensated.) (See the mstruct,ons.)

(A) Name and address (B) Title and average hours (C) Compensation ( D l Contr1but1ons to (E) Expense

per week devoted to (If not paid, enter e ployee benefit account and pos1t1on ·0-.}

plans & deferred other allowances compensation plans

Matt Kibbe ________________________ President 1775 Pennsylvania AvenueL Ste._1100_ Washinaton DC 20006 22.00 126 866. 0. 4 908. Jugy Mulcahy ______________________ Vice Presiden t/Treasur er 1775 Pennsylvania AvenueL Ste._1100_ Washinaton DC 20006 22.00 60.883. 0. 0. Jaci Brown ________________________ Vice Presiden t/Secreta ry 1775 Pennsylvania AvenueL Ste._1100_ Washinaton DC 20006 22.00 75 128. 0. 0. Honorable_Richard K._Arm~--------- Chairman 1775 Pennsylvania AvenueL Ste._1100_ Washinaton DC 20006 32.00 320 000. 0. o. Ted Abram------------------------ Board Member 1775 Pennsylvania AvenueL Ste._1100_ Washinaton DC 20006 2.00 0. 0. 0. Honorable_C._Bqy_den Gray ___________ Board Member 1775 Pennsylvania AvenueL Ste._1100_ Washinaton DC 20006 5.00 0. 0. 0.

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Form 990 (2005)

523041 02-03-06


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Fenn 990 (2005) ,, Free d omWor k s Foun d at1on. Inc. 52 1526916 - Paoe 6 I Part V-A I Current Officers, Directors, Trustees, and Key Employees (continued) Yes No

75 a Enter the total number of officers, directors, and trustees pennitted to vote on organization business at board

meetings . . . . . . . . .. .... ~ 4

b Are any officers, directors, trustees, or key employees hsted 1n Fenn 990, Pat V-A, or hghest compensated employees listed 1n Schedule A, Part I, or highest compensated professional and other independent contractors hsted 1n Schedule A, Part II-A or 11·8, related to each other through family or business relat1onsh1ps? If 'Yes,' attach a statement that identifies the 1nd1v1duals and explains the relat1onsh1p(s) . . .. . . ... .. . .. . . 75b x

c Do any officers, directors, trustees, or key employees listed 1n Fenn 990, Pelt V·A, or hghest compensated employees listed 1n Schedule A, Part I, or highest compensated professional and other independent contractors listed 1n Schedule A, Part ll·A or 11-8, receive compensation from any other organizations, whether tax exempt or taxable, that are related to this organization through common supervision or common control? .. .. See Statement . 7. 75c x Note. Related organizations include section 509(a)(3) supporting organ1zat1ons.

If "Yes,' attach a statement that 1dentrf1es the ind1v1duals, explains the relat1onsh1p between this organization and the other orgamzat1on(s), and describes the compensation arrangements, including amounts paid to each ind1v1dual by each related organization.

d Does the organization have a wntten conflict of interest policy? 75d x I Part V-B I Form~r Officers, Directors, Trustees, and Key Employees That Received Compensation or Other

Benefits (If any fonner officer, director, trustee, or key employee received compensation or other benefits (descnbed below) dunng the year, list that person below and enter the amount of compensation or other benefits 1n the appropriate column. See the mstruct1ons.)

{ D) Contr1but1ons to (E) Expense (A) Name and address (B) Loans and Advances (C) Compensation employee benefit account and plans & deferred

None comnensat1on clans other allowances

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I Part VI I Other Information (See the instructions.) Yes No 76 Did the organ1zat1on engage 1n any act1v1ty not previously reported to the IRS? If 'Yes,' attach a detailed

description of each act1v1ty . ...... "" .. ... 76 x 77 Were any changes made in the organizing or governing documents but not reported to the IRS? . 77 x

If "Yes,' attach a conformed copy of the changes.

78 a Did the orgarnzat1on have unrelated business gross income of $1,000 or more during the year covered by this return? ... 78a x b If 'Yes,' has rt filed a tax return on Form 990-T for this year? . . .. . . N/A 78b

79 Was there a liqu1dat1on, d1ssolut1on, tenn1nat1on, or substantial contraction dunng the year? If 'Yes,' attach a statement 79 x 80 a Is the organization related (other than by assoc1at1on wrth a statewide or nat1onw1de organization) through common

membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization? . . .. BO a x b If 'Yes,' enter the name of the organization~ FreedomWor ks , Inc.

and check whether rt 1s [xJ exempt or D nonexempt

81 a Enter direct or 1nd1rect polrt1cal expenditures. (See line 81 1nstruct1ons.) . . .. . I 81a I o. b Did the oraanizat1on file Form 1120-POL for this vear? 81b x

523161/02-03·06 Form 990 (2005)


Form 990 (2005) ·• FreedomWorks Foundation. Inc. 52-1526916 Paoe 1 I Part VI I Other Information (continued) Yes No 82 a Did the organization receive donated services or the use of matenals, equipment, or fac1lit1es at no charge or at substantially

less than fair rental value? . . . . . . . . . . . . . . . . . . . 82a X b If 'Yes,• you may 1nd1cate the value of these Items here Do not include this

amount as revenue 1n Part I or as an expense 1n Part II.

(See 1nstruct1ons in Part Ill.) ... I 82b I NIA 83 a Did the organ1zat1on comply wrth the public 1nspect1on requirements for returns and exemption applications?

b Did the organ1zat1on comply wrth the disclosure requirements relating to quid pro quo contributions? . N / A. 84 a Did the organization solicit any contnbut1ons or gifts that were not tax deductible? . . ... ~ / ~

b If "Yes,• did the organization include wrth every sohcitat1on an express statement that such contnbutions or gifts were not

tax deductible? .. ... . . . . .. .. N / A 85 501(c)(4), (5), or (6) orgamzat,ons. a Were substantially all dues nondeductible by members? . ... . . N / A

86

b Did the organization make only in-house lobbying expenditures of $2,000 or less? . . N / A If 'Yes' was answered to either 85a or 85b, do not complete 85c through 85h below unless the organ1zat1on received a

waiver for proxy tax owed for the pnor year.

c Dues, assessments, and similar amounts from members

d Section 162(e) lobbying and political expenditures.

e Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices

f Taxable amount of lobbying and poht1cal expenditures Q1ne 85d less 85e)

..

..

85c .. 85d ..

85e ... 85f . .

g Does the organization elect to pay the section 6033(e) tax on the amount on line 85f? . . .

h If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount on line 85f

to rts reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the

following tax year?

501(c)(7) organizations. Enter: a lnit1at1on fees and capital contnbut1ons included on

line 12

b Gross receipts, included on line 12, for public use of club facilities

....

86a 86b

NIA NIA NIA NIA N/A

.. N/A

NIA NIA

87 501(c)(12) organizations. Enter: a Gross income from members or shareholders. 87a NIA

88

b Gross income from other sources. (Do not net amounts due or paid to other sources

against amounts due or received from them.) 87b NIA At any time during the year, did the organization own a 50% or greater interest 1n a taxable corporation or partnership,

or an entity disregarded as separate from the organization under Regulations sections 301. 7701 ·2 and 301 7701-3?

If 'Yes,' complete Part IX .... . . . . .. . . . .

89 a 501 (c)(3) organizations. Enter: Amount of tax imposed on the organization during the year under:

section 4911.... 0 • ; section 4912.... 0 • ; section 4955 .... ______ ___,O=-=-. b 501(c)(3) and 501(c)(4) organizations. Did the organization engage 1n any section 4958 excess benefit

transaction during the year or did rt become aware of an excess benefit transaction from a pnor year?

If 'Yes,' attach a statement explaining each transaction .. . . . . ... . . ..

c Enter: Amount of tax imposed on the organization managers or d1squalif1ed persons during the year under

83a X 83b 84a

84b 85a 85b

85a

85h

88 x

89b x

sections 4912, 4955, and 4958 . .... 0. d Enter: Amount of tax on line 89c, above, reimbursed by the organization .... 0 •

90 a l.Jst the states wrth which a copy of this return 1s filed ...,. __ -=S=-e=-=e'--S=-=t'-'a=-=tc.,e=m=-=ec..:n=t'--8=-------~-.....----------b Number of employees employed 1n the pay penod that includes March 12, 2005 . ! 90b ! 0

91 a Thebooksaremcareof .... The Organization Telephone no ..... 202-783-3870 Located at...,. 1775 Pennsylvania Ave., NW, Washington, DC ZIP+4 ...,.=2~0~0~0~6~--

b At any time dunng the calendar year, did the organ1zat1on have an interest 1n or a signature or other authority

over a f1nanc1al account 1n a foreign country (such as a bank account, secunties account, or other financial

account)? .....

If "Yes," enter the name of the foreign country .... N /A ----~~~-------------------See the instructions for exceptions and filing requirements for Form TD F 90-22.1, Report of Foreign Bank

and F1nanc1al Accounts.

c At any time dunng the calendar year, did the organization maintain an office outside of the United States?

If "Yes," enter the name of the foreign country .... ----~N~/~A ___________________ _ 92 Section 4947(a)(1) nonexempt chantable trusts f1/mg Form 990 in lieu of Form 1041-Check here ..

and enter the amount of tax-exempt interest received or accrued during the tax year

523162 02-03-06

7

92

Yes No 91b x

91c x

...... o N/A Form 990 (2005)


Form 990 (2005) .. FreedomWorks Foundation. Inc. - Paoe 52 1526916 8 I Part VII I Analysis of Income-Producing Activities (See the instructions.)

Note: Enter gross amounts unless otherwise Unrelated business income Excluded by section 512, 513, or 514 (E)

indicated. (A) (B) (C) (D) Related or exempt Business Amount Exclu- Amount s1on function income 93 Program service revenue: code code

a b

c d

e f Med1care/Med1ca1d payments . . .. g Fees and contracts from government agencies

94 Membership dues and assessments .. 95 Interest on savings and temporary cash investments

96 D1v1dends and interest from securities . " 14 1.887. 97 Net rental income or Qoss) from real estate:

a debt-financed property

b not debt-financed property " . 16 143.680. 98 Net rental income or Qoss) from personal property

99 Other investment income .. 100 Gain or Qoss) from sales of assets

other than inventory

101 Net income or Qoss) from special events "

102 Gross profit or Ooss) from sales of inventory

103 Other revenue:

a Other revenue 16 6 606. b

c d

e 104 Subtotal (add columns (8), (D), and (E)) ....... o. 152 173. 0. 105 Total (add line 104, columns (8), (D), and (E)) ..., _____ 1 ..... 5 ...... 2 .... , __ 1 .... 1~3~· Note: Line 105 plus /me 1 d, Part /, should equal the amount on /me 12, Part I. I Part VIII I Relationship of Activities to the Accomplishment of Exempt Purposes (See the instructions.)

Line No. Explain how each activity for which income 1s reported in column (E) of Part VII contributed importantly to the accomplishment of the organization's

T exempt purposes (other than by providing funds for such purposes).

I Part IX I Information Regarding Taxable Subsidiaries and Disregarded Entities (See the instructions.) (A) (B) (C) f D) <?. Name, address, and EIN of corporation, Percentage of Nature of activ1t1es Tota income End-o -year

oartnersh10. or d1sreaarded ent1tv awnershio interest assets "lo

NIA "lo "lo "lo

I PartX I Information Regarding Transfers Associated with Personal Benefit Contracts (See the instructions.)

(a) Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?

(b) Did the organization, durmg the year, pay premiums, directly or indirectly, on a personal benefit contract? Note: If 'Yes' to (b), file Form 8870 and Form 4720 (see instructions).

Please Sign Here

Paid

Prepare r's Firm's name (or

Use Only yours 11 self-employed),

523163 address, and 02-03-06 ZIP + 4

Rogers & Company PLLC 111...8300 Boone Boulevard, Suite ,...Vienna Vir inia 22182

8

600 Phone no .....

Dves Dves

[xJ No [xJ No

Preparer's SSN or PTIN

703 893-0300 Form 990 (2005)


SCHEDULE A Organization Exempt Under Section 501 (c)(3) OMB No 1545-0047

(Form 990 or 990-EZ)

Department of the Treasury lnternat Revenue Service

2005 (Except Private Foundation) and Section 501(e), 501(1), 501(k),

501(n), or 4947(a)( 1) Nonexempt Charitable Trust Supplementary lnformation-(See separate instructions.)

~ MUST be completed by the above organizations and attached to their Form 990 or 990-EZ Name of the organization Employer identification number

FreedomWorks Foundation Inc. 52 1526916 Part I Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees

(See page 1 of the mstruct1ons. List each one. If there are none, enter 'None.") (a) Name and address of each employee paid (b) 11t1e and average hours (d) Contnbut,ons to (e) 1:xpense

per week devoted to (c) Compensation employee benefit account and other more than $50,000 plans & deferred

position compensation allowances

Mary_~rne ------------------------ ~p Oraanization's address 22.00 73 599. so. Wayne Brough---------------------- !Economist Oraanization's address 22.00 65 439. so. Richard Walker _____________________ State Directo Ir Oraanization's address 22.00 55.945. 0.

----------------------------------

----------------------------------Total number of other employees paid over $50.000 ~ 0 I Part II-A I Compensation of the Five Highest Paid Independent Contractors for Professional Services

(See page 2 of the instructions. List each one (whether mdiv1duals or firms). If there are none, enter "None.')

(a) Name and address of each independent contractor paid more than $50,000 (b) Type of service

Kevin L. MannixL P.C. _________________________ 2003 State Street. Salem. OR 97301-4349 Lea al Services O'Connor Consulti~ Service ___________________ ~ccounting 6507 Mariorv Lane. Bethesda. MD 20817 services Grassroots Targetin_g_ _________________________ Survey and 121 s. Alfred St .. 2nd Flr .. Alexandria. VA 22314 research

--------------------------------------------

--------------------------------------------Total number of others rece1vmg over ~I $50,000 for profess10nal services 0 I Part 11-B I Compensation of the Five Highest Paid Independent Contractors for Other Services

(List each contractor who performed services other than professional services, whether ind1v1duals or firms. If there are none, enter 'None.' See page 2 of the mstruct1ons.)

(a) Name and address of each independent contractor paid more than $50,000 (b) Type of service

CMDI Database 7704 Leesburq Pike Fall Church VA 22043 manaaement

--------------------------------------------

--------------------------------------------

--------------------------------------------

--------------------------------------------Total number of other contractors receiving over ~I $50,000 for other services 0

( c) Compensation

200.089.

57.667.

55.000.

(c) Compensation

95.881.

s23101102-03-o6 LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990 and Form 990-EZ. Schedule A (Form 990 or 990-EZ) 2005 9


5 2 -15 2 6 916 Page 2

I Part Ill I Statements About Activities (See page 2 of the instructions.)

2

During the year, has the organization attempted to influence national, state, or local legislation, including any attempt to influence pubhc opinion on a legislative matter or referendum? If "Yes; enter the total expenses paid or incurred m connection wrth the lobbying activrt1es ~ $ $ (Must eQual amounts on lme 38, Part VI-A, or

lme i of Part VI-B.) Organizatmns that made an election under section 501(h) by flhng Form 5768 must complete Part VI-A. Other organizations checking "Yes' must complete Part VI-BAND attach a statement g1vmg a detailed description of the lobbying activ1t1es. During the year, has the organization, erther directly or indirectly, engaged in any of the following acts wrth any substantial contributors, trustees, directors, officers, creators, key employees, or members of their fam1hes, or wrth any taxable organization wrth which any such person 1s afflhated as an officer, director, trustee, ma1orrty owner, or prmc1pal beneficiary? (If the answer to any question is "Yes,' attach a detailed statement explaining the transactions.)

a Sale, exchange, or leasing of property? .See Statement 9

Yes No

x

2a x

b Lending of money or other extension of credit? 2b X

c Furnishing of goods, services, or fac1ht1es? 2c X

d Payment of compensation (or payment or reimbursement of expenses 1f more than $1,000)? See Part V-A~ . Form 9 9 0 2d X

e Transfer of any part of its income or assets? 3 a Do you make grants for scholarships, fellowships, student loans, etc.? (If-Yes; attach an explanation of how

you determine that rec1p1ents Quahfy to receive payments.) b Do you have a section 403(b) annuity plan for your employees? c During the year, did the organization receive a contribution of Quahfled real property interest under section 170(h)?

4 a Did you mamtam any separate account for part1c1patmg donors where donors have the right to provide advice on the use or d1stribut1on of funds?

b Do vou orov1de credit counsehna. debt manaaement. credit rena1r or debt nenot1at1on services?

I Part IV I Reason for Non-Private Foundation Status (See pages 3 through 6 of the mstruct1ons.)

The organization 1s not a private foundation because 11 1s: (Please check only ONE applicable box.) 5 D A church, convention of churches, or assoc1atmn of churches. Section 170(b)(1)(A)(O. 6 D A school. Section 170(b)(1)(A)(ii). (Also complete Part V.)

A hospital or a cooperative hospital service organization. Section 170(b)(1)(A)(u1). A Federal, state, or local government or governmental unit. Section 170(b)(1)(A)(v).

..

..

1 D a D e D A medical research organization operated m conjunction wrth a hospital. Section 170(b)(1)(A)(fi1). Enter the hospital's name, city,

and state ~ 10 D An organization operated for the benefit of a college or university owned or operated by a governmental unit. Section 170(b)(1)(A)(111).

(Also complete the Support Schedule in Part IV-A.) 11 a [xJ An organization that normally receives a substantial part of its support from a governmental unit or from the general pubhc.

Sectmn 170(b)(1)(A)(vi). (Also complete the Support Schedule m Part IV-A.) 11b D A community trust. Section 170(b)(1)(A)(vi). (Also complete the Support Schedule m Part IV-A.) 12 D An organization that normally receives: ( 1) more than 33 1/3% of its support from contributions, membership fees, and gross

receipts from activ1t1es related to its charitable, etc., functions - sub1ect to certain exceptions, and (2) no more than 33 1/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acQu1red by the organization after June 30, 1975. See section 509(a)(2). (Also complete the Support Schedule m Part IV-A.)

2e

3a 3b 3c

4a 4b

13 D An organization that 1s not controlled by any d1sQuahfled persons (other than foundation managers) and supports organizations described m: (1) Imes 5 through 12 above; or (2) sections 501(c)(4), (5), or (6), if they meet the test of section 509(a)(2). Check the box that describes the type of supporting organization: ~ D Type 1 D Type 2 D Type 3

Provide the following information about the supported organizations. (See page 6 of the instructions.)

x

x x x

x x

(a) Name(s) of supported organization(s) (b)Line number

from above

14 D An organization organized and operated to test for pubhc safety. Section 509(a}(4). (See page 6 of the instructions.)

~~~6j-b5 Schedule A (Form 990 or 990-EZ) 2005 10


ScheduleA(FOFm990or-990-EZ)2005 FreedomWorks Foundation Inc. 52-1526916 Page3 Part IV-A Support Schedule (Complete only If you checked a box on line 10, 11, or 12.) Use cash method of acco1.11ting •

. fl I h h hd f Note: You mav use the worksheet in the instructions for convertm£ rom the accrua to t e cas met o o accountm.a. Calendar year (or fiscal year beginning in) . ~ (a) 2004 lb) 2003 (c) 2002 (d) 2001 (e) Total 15 Gifts, grants, and contributions

received. (Do not i~flude unusual 2 311.269. 609. 981. 0. 0. 2 921.250. grants. See lme 28.

16 Membership fees received 17 Gross receipts from adm1ssmns,

merchandise sold or services performed, or furmshmg of fac1ht1es m any act1V1ty that 1s related to the organization's charitable, etc., purpose

18 Gross income from interest, dividends, amounts received from payments on securities loans (sec-t1on 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the orgamzat1on after June 30, 1975 62.109. 492. 0. o. 62.601.

19 Net income from unrelated business activ1t1es not included in lme 18

20 Tax revenues levied for the orgamzat1on's benefit and either paid to 1t or expended on its behalf

21 The value of services or facilities furnished to the orgamzat1on by a governmental unit without charge. Do not include the value of services or fac1ht1es generally furnished to the public without charge

22 Other income. Attach a schedule. See Stateme Int 10 Do not mclude gam or (loss) from sale of capital assets 16.951. 16. 951.

23 Total of Imes 15 through 22 2.390 329. 610.473. 0. 0. 3.000 802. 24 Lme 23 mmus lme 17 2.390.329. 610.473. 3.000 802. 25 Enter 1% of line 23 23.903. 6.105. 26 Organizations described on lines 10 or 11: a Enter 2% of amount m column (e), lme 24 ~ 26a 60 016.

b Prepare a list for your records to show the name of and amount contributed by each person (other than a governmental umt or publicly supported organizatmn) whose total gifts for 2001 through 2004 exceeded the amount shown m line 26a. Do not file this list with your return. Enter the total of all these excess amounts ~ 26b 1.724 331.

c Total support for section 509(a)(1) test Enter lme 24, column (e) ~ 26c 3.000 802. d Add: Amounts from column (e) for Imes: 18 621601. 19

22 161951. 26b 117241331. ~ 26d 1. 803 883. e Public support (lme 26c mmus lme 26d total) ~ 26e 1 196 919. f Public SUDDOrt Dercentaae fline 26e lnumeratorl divided bv line 26c ldenominatorll ~ 261 39.8866%

27 Organizations described on line 12: a For amounts included in Imes 15, 16, and 17 that were received from a 'd1squahf1ed person; prepare a hst for your records to show the name of, and total amounts received m each year from, each 'd1squahf1ed person." Do not file this list with your return. Enter the sum of such amounts for each year: NI A (2004) (2003) (2002) . (2001)

b For any amount included m lme 17 that was received from each person (other than 'd1squahf1ed persons'), prepare a hst for your records to show the name of, and amount received for each year, that was more than the larger of (1) the amount on line 25 for the year or (2) $5,000. (Include in the hst orgamzat1ons described m Imes 5 through 11b, as well as individuals.) Do not file this list with your return. After computing the difference between the amount received and the larger amount described m (1) or (2), enter the sum of these differences (the excess amounts) for each year: NI A (2004) (2003) (2002) .

c Add: Amounts from column (e) for Imes: 15 16 _______ _

17 20 21 -------d Add: Line 27a total and lme 27b total e Public support (lme 27c total mmus lme 27d total)

Total support for section 509(a)(2) test Enter amount on lme 23, column (e) 271 NLA

(2001)

~ 27c ~ 27d ~ 27e

g Public support percentage (line 27e (numerator) divided by 6ne 27f (denominator)) ~ 27 N A %

h Investment income rcenta e line 18 column e numerator divided b line 27f denominator ~ 27h N A %

28 Unusual Grants: For an orgamzat1on described in lme 10, 11, or 12 that received any unusual grants during 2001 through 2004, prepare a hst for your records to show, for each year, the name of the contributor, the date and amount of the grant, and a brief description of the nature of the grant. Do not file this list with your return. Do not include these grants in line 15.

523121 02-03-06 None Schedule A (Form 990 or 990-EZ) 2005


ScheduleA(Fo,m990or,990-EZ)2005 FreedomWorks Foundation, Inc. 5 2 -15 2 6 916 Page 4

I Part VI Private School Questionnaire (See page 7 of the instructions.) (To be completed ONLY by schools that checked the box on line 6 in Part IV)

N/A

29 Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws, other governing Yes No

instrument, or in a resolution of its governing body? .. .. 29

30 Does the organization include a statement of rts racially nondiscriminatory policy toward students in all its brochures, catalogues, and other written communications wrth the public dealing wrth student adm1ss1ons, programs, and scholarships? 30

31 Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during the period of solicitation for students, or during the reg1strat1on period If 1t has no solic1tat1on program, in a way that makes the policy known to all parts of the general community it serves? .. 31 If "Yes,' please describe; 1f 'No,' please explain. (If you need more space, attach a separate statement)

32 Does the organization maintain the following:

a Records indicating the racial composition of the student body, faculty, and administrative staff? . . . ... 32a

b Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory basis? 32b

c Copies of all catalogues, brochures, announcements, and other written communications to the public dealing wrth student admissions, programs, and scholarships? .. 32c

d Copies of all material used by the organization or on its behalf to solicit contributions? 32d If you answered 'No" to any of the above, please explain. ( If you need more space, attach a separate statement.)

33 Does the organization discriminate by race in any way wrth respect to:

a Students' rights or privileges? 33a b Admissions policies? . .. 33b c Employment of faculty or administrative staff? .. 33c d Scholarships or other financial assistance? 33d e Educational policies? 33e f Use of facilities? 33f g Athletic programs? 33a h Other extracurricular activ1t1es? 33h

If you answered "Yes" to any of the above, please explain. (If you need more space, attach a separate statement)

34 a Does the organization receive any financial aid or assistance from a governmental agency? 34a b Has the organization's right to such aid ever been revoked or suspended? .. 34b

If you answered "Yes" to either 34a or b, please explain using an attached statement. 35 Does the organization certify that it has complied wrth the applicable requirements of sections 4.01 through 4.05 of Rev. Proc. 75-50,

1975-2 C.B. 587, covering racial nond1scriminat1on? If 'No,' attach an explanation 35 Schedule A (Form 990 or 990-EZ) 2005

523131 02-03-06


----------

Schedule A (Fa.rm 990 or 990-EZ) 2005 FreedomWor ks Foundation I Inc • 5 2 -15 2 6 916 Page 5 I Part VI-A I Lobbying Expenditures by Electing Public Charities (See page 9 of the instructions.)

(To be completed ONLY by an eligible organization that filed Form 5768) N/A

Check .... a D .... D 1f the oroamzat1on belonos to an affiliated orouo. Check b 1f vou checked •a• and 'limited control' orov1s1ons aoolv. (a)

Limits on Lobbying Expenditures Affiliated group

(The term 'expenditures' means amounts paid or incurred.) totals

N/A 36 Total lobbying expenditures to influence public opinion (grassroots lobbying) 36

37 Total lobbying expenditures to influence a legislative body (direct lobbying) 37

38 Total lobbying expenditures (add lines 36 and 37) 38 39 Other exempt purpose expenditures 39 40 Total exempt purpose expenditures (add Imes 38 and 39) 40 41 Lobbying nontaxable amount Enter the amount from the following table -

If the amount on line 40 is - The lobbying nontaxable amount is -Not over $500,000 20% of the amount on line 40

} Over $500,000 but not over $1,000,000 $100,000 plus 15% of the excess over $500,000

Over $1,000,000 but not over $1,500,000 $175,000 plus 10% of the excess over $1,000,000 41 Over $1,500,000 but not over $17,000,000 $225,000 plus 5% of the excess over $1,500,000

Over $17,000,000 $1,000,000

42 Grassroots nontaxable amount (enter 25% of line 41) .. 42 43 Subtract lme 42 from line 36. Enter -0- if line 42 is more than lme 36 43 44 Subtract lme 41 from line 38. Enter -0- if lme 41 is more than lme 38 44

Caution: If there is an amount on either /me 43 or /me 44, you must file Form 4720.

4-Year Averaging Period Under Section 501(h) (Some orgamzat1ons that made a section 501(h) election do not have to complete all of the five columns

below. See the mstruct1ons for Imes 45 through 50 on page 11 of the instructions.)

Lobbying Expenditures During 4-Year Averaging Period

Calendar year (or fiscal year beginning in)

45 Lobbying nontaxable amount

46 Lobbying ceiling amount 1150% of line 451e\l

47 Total lobbying exoend1tures

48 Grassroots nontaxable amount

49 Grassroots ceiling amount (150% of line 48(el)

50 Grassroots lobbying exoend1tures

(a) 2005

(b) 2004

I Part VI-B I Lobbying Activity by Nonelecting Public Charities

(c} 2003

(For reporting only by orgamzat1ons that did not complete Part VI-A) (See page 11 of the mstruct1ons.)

Durmg the year, did the organization attempt to influence national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of: a Volunteers . . .. b Paid staff or management (Include compensation m expenses reported on Imes c through h.). c Media advertisements d Mailings to members, legislators, or the public e Publications, or published or broadcast statements f Grants to other organizations for lobbying purposes g Direct contact with legislators, their staffs, government offlc1als, or a legislative body h Rallies, demonstrations, seminars, conventions, speeches, lectures, or any other means i Total lobbying expenditures (Add lines c through h.)

If "Yes' to any of the above, also attach a statement givmg a detailed description of the lobbying activities.

(d) 2002

Yes No

(b) To be completed for ALL

electing orgamzat1ons

NIA (e)

Total

0.

0.

o. o. o. 0.

NIA

Amount

0.

523141 02-03-06 Schedule A (Form 990 or 990-EZ) 2005


ScheduleA(Form990or·990-EZ)2005 FreedomWorks Foundation, Inc. 52-1526916 Pages I Part VII I Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Exempt Organizations (See page 12 of the instructions.) 51 Did the reporting organization directly or indirectly engage in any of the following with any other organization described in section

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations? a Transfers from the reporting organization to a noncharltable exempt organization ot

(i) Cash (ii) Other assets

b Other transactions: (i) Sales or exchanges of assets with a noncharltable exempt organization (ii) Purchases of assets from a noncharltable exempt organization (iii) Rental of fac1ht1es, equipment, or other assets (iv) Reimbursement arrangements (v) Loans or loan guarantees (vi) Performance of services or membership or fundra1sing sohc1tat1ons

c Sharing of fac1ht1es, equipment, mailing hsts, other assets, or paid employees d If the answer to any of the above 1s "Yes,' complete the following schedule. Column (b) should always show the fair market value of the

goods, other assets, or services given by the reporting organization. If the organization received less than fair market value in any transaction or sharing arrangement, show in column ( d) the value of the goods, other assets, or services received:

(a) (b) (c) (d)

Yes No

51a(i) x a(ii) x

b(i) x b(ii) x b(iii) x b(iv) x b(v) x b(vi) x

c x

Line no. Amount involved Name of noncharllable exempt organization Description of transfers, transactions, and sharing arrangements

51c 1.599 046. J;"reedomWorks. Inc. See Statement 11

52 a Is the organization directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in section 501 ( c) of the Code (other than section 501(c)(3)) or in section 527? ~ [xJ Yes 0No

b If "Yes; complete the following schedule:

(a) (b) (c) Name of organization Type of organization Description of relat1onsh1p

FreedomWorks. Inc. 50l(c)(4) See Statement 12

523151 02·03·06 Schedule A (Form 990 or 990-EZ) 2005


2005 DEPRECIATION AND AMORTIZATION REPORT

Asset No

528102 01-06-06

Description

Form 990 Page 2

Date Acquired Method

Line Unad1usted Life No Cost Or Basis

(D) · Asset disposed

19

990

. Bus% Reduction In Basis For Accumulated Current Amount Of Exel Basis Deprec1at1on Deprec1at1on Sec 179 Deprec1at1on •

• ITC, Section 179, Salvage, Bonus, Commercial Rev1tahzat1on Deduction, GO Zore

FreedomWorks Foundation, Inc. 52-1526916

. Form 990 Rental Income Statement 1

Activity Gross Kind and Location of Property Number Rental Income

Sublease of facilities 1 143,680.

Total to Form 990, Part I, line 6a 143,680.

Form 990 Other Changes in Net Assets or Fund Balances Statement 2

Description Amount

Realized and unrealized losses, net of investment fees <89,268.>

Total to Form 990, Part I, line 20 <89,268.>

Form 990

Description

Professional fees Miscellaneous Insurance Noncapital expenses Novelties Advertising Rentals Subscriptions Dues Photography

Total to Fm 990, ln 43

Other Expenses

(A)

Total

( B) Program Services

280,541. 565.

428,373. 21,067. 34,932.24,431. 61,161.

9,849. 7,553.

16,793.13,052. 5,365.

12,297.11,824. 840.

2,979. 9,849. 6,822.

2,085.

776.

598,230. 352,924.

(C) Management and General

Statement

( D)

Fundraising

3

69,750.78,082. 19,968. 534.

4,695. 58,182.

0. 731.

2,813. 2,366.

184. 0.

158,689.

5,806. 0. 0. 0.

928. 914. 289.

64.

86,617.

20 Statement(s) l, 2, 3 18000623 739466 FWFoundation 2005.05060 FreedomWorks Foundation, In FWFOUNDl

------- --~---

FreedomWorks Foundation, Inc.

. Form 990 Officer Compensation Allocation Part II, Line 25

Name of Officer, etc.

Matt Kibbe

A. Program Services

B. Management and General

C. Fundraising


Judy Mulcahy

A. Program Services


C. Fundraising


Jaci Brown

A. Program Services


c. Fundraising

Employee Compensation Ben. Plans

126,866.

107,836.

12,687.

6,343.


60,883.

60,883.


75,128.

75,128.

Expense Accounts

52-1526916

Statement 4

Totals

4,908.131,774.

2,454.110,290.

1,963.

491.

Expense Accounts

Expense Accounts

14,650.

6,834.

Totals

60,883.

60,883.

Totals

75,128.

75,128.

21 Statement(s) 4 18000623 739466 FWFoundation 2005.05060 FreedomWorks Foundation, In FWFOUNDl

------ ----~--- --

. FreedomWorks Foundation, Inc.


Honorable Richard K. Armey

A. Program Services


C. Fundraising

Total Program Services

Total Management and General

Total Fundraising


320,000.

320,000.

Expense Accounts

Total Officer, etc., Compensation included on Parts V-A and V-B

Form 990

Explanation

Statement of Organization's Primary Exempt Purpose Part III

52-1526916

Totals

320,000.

320,000.

430,290.

75,533.

81,962.

587,785.

Statement 5

Improving the well-being of American consumers through the promotion and support of common sense economic policies.

Form 990 Other Revenue Not Included on Form 990 Statement 6

Description Amount

Realized and unrealized losses, net of investment fees <89,268.>

Total to Form 990, Part IV-A <89,268.>

22 Statement(s) 4, 5, 6 18000623 739466 FWFoundation 2005.05060 FreedomWorks Foundation, In FWFOUNDl


Form 990 Part V-A Officer Compensation from Related Organizations

52-1526916

Statement 7

Employee

Officer's Name Benefit Plan Expense

Compensation Contribution Account

Matt Kibbe 101,106. o. 3,912.

Name of Related Organization Employer ID Number

FreedomWorks, Inc. 52-1349353

Relationship Between Organizations

Historical relationship/Common board members

Compensation Description

Employee compensation

Officer's Name Compensation

Employee Benefit Plan Contribution

Expense Account

Jaci Brown 59,873. 0. 0.

Name of Related Organization Employer ID Number

FreedomWorks, Inc. 52-1349353







Officer's Name

Honorable Richard K. Armey

Name of Related Organization

FreedomWorks, Inc.


52-1526916

Employee Benefit Plan Expense

Compensation Contribution Account

80,000. o. o.

Employer ID Number

52-1349353



Non-employee compensation

Officer's Name

Judy Mulcahy

Name of Related Organization

FreedomWorks, Inc.


Compensation

48,521.

Employee Benefit Plan Expense Contribution Account

0.

Employer ID Number

52-1349353




***See Statement 13 for additional listing relating to contractors and employees listed in Schedule A who receive compensation from related organizations.


------~


. Form 990

States

List of States Receiving Copy of Return Part VI, Line 90

Statement

AL,AK,AR,AZ,CA,CO,CT,DE,FL,GA,HI,ID,IL,IN,IA,KS,KY,LA,ME,MD,MA,MI,MN,MS,MO MT,NE,NH,NJ,NM,NY,NC,ND,0H,0K,0R,PA,RI,SC,SD,TX,UT,VT,VA,WA,WV,WI,WY,NV,TN

8



.Schedule A Explanation of Transactions Part III, Line 2a

Statement

The Foundation received $7,173 from leasing personnel and a portion of its facilities to a company affiliated with a board member.

9



.Schedule A

Description

Other revenues

Total to Schedule A, line 22

Other Income

2004 Amount

16,951.

16,951.

2003 Amount

0.

0.

2002 Amount

52-1526916

Statement 10

0.

0 .

2001 Amount

0.

0.

27 Statement{s) 10 18000623 739466 FWFoundation 2005.05060 FreedomWorks Foundation, In FWFOUNDl


,Schedule A Involvement With Noncharitable Organizations Part VII, Line 51, Column (d)

Name of Noncharitable Exempt Organization

FreedomWorks, Inc.

Description of Transfers, Transactions, and Sharing Arrangements

52-1526916

Statement 11

Shared expenses allocated to the Foundation, including employees, use of facilities and equipment, and other general allocable expenditures.



,Schedule A Affiliation with Tax-Exempt Organizations Part VII, Line 52, Column {c)

Name of Affiliated or Related Organization

FreedomWorks, Inc.

52-1526916

Statement 12

Description of Relationship with Affiliated or Related Organization

The Foundation has a historical relationship with FreedomWorks, Inc. and both organizations have certain common Board Members and officers.

Footnotes

Listing of contractors and non-key employees from Schedule A receiving compensation from related organizations.

Related organization: FreedomWorks, Inc. 52-1349353 Relationship: Historical relationship and common officers.

CMDI Contractor Compensation for database management services

O'Connor Consulting Services Contractor Compensation for accounting services

Richard Walker Employee Compensation for personal services

Wayne Brough Employee Compensation for personal services

Mary Byrne Employee Compensation for personal services

Statement 13

95,881.

45,958.

44,585.

52,151.

58,654.

29 Statement{s) 12, 13 18000623 739466 FWFoundation 2005.05060 FreedomWorks Foundation, In FWFOUNDl

freedomworks foundation 521526916 2005 0270b7e7searchable

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