freedomworks foundation 521526916 2006 0317e2dasearchable

7/23/2019 FreedomWorks Foundation 521526916 2006 0317E2DASearchable

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Form

99

..

Departmm,t of the Treasury

Internal Revenue Service

Return of Organization Exempt From Income Tax

Undersection501(c), 527, or 4947(a)(1) f the Internal RevenueCode exceptblack ung

benefit rust or private oundation)

.... Theorganizationmayhave o usea copyof this return o satisfystate eporting equirements.

A For he 2006 calendaryear, or tax year beginning and ending

OMB No 1545-0047

2 6

Open o Public

Inspection

8

Check ,1

appllcable

Please

C Name f organization

D Employer dentificationnumber

use IRS

f"ulAddress label or F d k d ,

LA.Jchange pnntor ree omWor s Foun a ti.on Inc.

52-1526916

D

~ t

j

hange ~: Number nd street or P.O.box 1fma1l snot deliveredo streetaddress) Room/suite

i ~ \ ~ ~ ~

spec,fic601

ennsvlvania Avenue NW N. Buildin

700

E Telephone umber

202-783-3870

D

- D rui

~~In t,ons

Caty r town,stateor country,and ZIP+ 4 F AccounMg ethod

Cash LA.J Ac

D~~ded ....... ~W-----'-a_s~h~i_n-L~at~o_n-=-~~D~C~_2_0_0_0_4_________ ----,_____ ........D~~P=J~h:~,fy~)1~...-------

D~~~~:;~0n

Section501(c)(3)organizations nd 4947(a)(1)nonexempt haritable rusts Hand I are not appltcable to section 527 organizations

must attacha completedScheduleA (Form 990 or 990-EZ). H(a) Is this a group eturn or aftlhates? Dves [xJ

~G~W_e-=-bs=it=e.,_,:

..,."---'www-'--'-'--'-'-'"'-f=r'--'e~e=-=d=-co""m=='w'--'o=--'r=k~s~.o~r~a.._,___ ==-----==---l

H(b) If "Yes; enternumberof aff1hates..,.

N A

J

Organizationype (checknly ne)... [xJ 501(c)( 3 ) .....

nsert no

l D 4947(a)(1)or D 527 H(c) Are all aff1hatesncluded? N / A Dves D

K Checkhere ....D 11he organization s ot a 509(a)(3) upporting rganization nd ts gross (If 'No,' attacha hst.)

H(d) Is this a separateeturn iled by an or-

receiptsare normallynot more han$25,000.A return1snot required, ut 1f he organization

chooses o Ille a return,be sure o Ille a complete eturn.

ganization overed y a group uhng? D Yes

[xJ

I GrouoExemot1on umber.... NI A

M Check ...D 11he organization s ot required o at

L Gross eceipts:Add mes6b, 8b, 9b, and 10b o lme12.... 4 , 4 2 4 , 4 4 7 Sch.B(Form990, 990-EZ, r 990-PF).

I

Part 11 Revenue, Expenses, and Changes in Net Assets or Fund Balances

1 Contributions, ifts, grants,and s1m1larmounts eceived:

a Contributionso donor advised unds

1a

b Directpubhc upport not ncludedon lme 1a)

1b

4 157.870.

c Indirectpubhc upport not ncluded n lme 1a) 1--1~c-+-----------i

d Governmentontributions grants) not ncludedon ine 1a) ..._1'-"d'"-'------------i

e Total (add mes1a hrough 1d) (cash$ 1 , 6 5 0 , 9 3 7 noncash 2 , 5 0 6 , 9 3 3 )

1e

2 Program ervice evenuemcludmg overnmenteesand contracts from PartVII, me93)

2

3 Membership uesandassessments

3

4 Intereston savingsand emporary ash nvestments

4

5 D1v1dendsnd nterest rom securities

5

6 a Gross ents

See Statement 1

I 6a I 193.591.

b Less: entalexpenses

6b

c Net ental ncomeor (loss).Subtract me6b from lme6a

6c

)

::s

c:

7 Other nvestmentncome describe ... ) 7

G)

a:

Ci"'-

v=-1

v=-1

==.i

UI

51

c:

G)

c.

>

Paymentso aff1l1atesattachschedule) "

Q:

Total exoenses.Add hnes16 and 44 column Al " a"V" -

-a;li

19

z:ll

c:c 20

Excess r (deficit) or the year.Subtract ine 17 rorme

~,2}({._i...

11

Yi'\l., v" J

Netassetsor fund balances t beginning f year fromime ,J, column A))

Otherchangesm net assetsor fund balancesattachexplanation)

See Statement 2

21 Netassetsor fund balances t end of year.Combme nes18, 19,and 20

Bd

9c

10c

11

12

13

14

15

16

17

18

19

20

21

4.157 870

72 772

193 591

214

4.424 447

2.284

896

618 017

609

334

3

512

247

912

200

450

540

137 283

1. 500

023

623001

01-18-07

LHA

For PrivacyAct and PaperworkReductionAct Notice,see he separate nstructions.

1

FWFoundation

2006.05050

FreedomWorks

t '-'\

l;:JS90 (20

Foundation, In FWFOUND


2/25

Form 990 2006

FreedomWorks Foundation

Inc.

52-1526916

Part II Statement of

Functional Expenses

All organizationsmust complete olumn A). Columns B), (C),and (D) are required or section501(c)(3)

and (4) organizations nd section4947(a)(1)nonexempt haritable rusts but optional or others.

Pa

Do not include amounts reported on

/me

(A) Total

(B) Program

(C) Management

(D) Fundra1smg

6b Bb 9b 10b or 16 of Part I.

services and general

22a Grants paid from donor advised funds

(attach schedule)

(cash 0 noncash $

0.

If this amount includes foreign grants, check here

~D

22a

22b Other grants and allocations (attach schedule

(cash

0

noncash

0 .

If this amount includes foreign grants, check. here .....

D

22b

23

Spec1f1c ssistance to 1nd1v1dualsattach

schedule)

23

24 Benefits paid to or for members (attach

schedule)

24

25a Compensation f current officers,directors,key

employees, tc. isted m PartV-A

St.mt

4

25a

760,835.

418.604. 166

835. 175

396

b Compensation f former officers,directors,key

employees, tc. istedm Part V-B

25b 0.

0. 0.

c Compensation nd other d1stnbut1ons,ot included

above, o d1squalif1edersons as definedunder

section4958(1)(1)) nd personsdescribedm

section4958(c)(3)(B)

25c

26 Salaries and wages of employees not

included on lines 25a, b, and c

26 794 115.

664,547.

57

364. 72 204

27

Pension plan contributions not included on

lines 25a, b, and c

27

24,788. 17,621.

3

329.

3

838

28

Employee benefits not included on hnes

25a 27 28 86,541. 58,104.

12

857. 15

580

29

Payroll taxes

29

76

316. 45.580. 14 560. 16 176

30

Professional fundra1sing ees

30

31

Accounting fees

31 42.731. 42 731.

32

Legal fees

32 270 174. 242.072.

28

102.

33

Supplies

33

14,006.

4.965. 7

300.

1 741

34

Telephone

34

47 803. 29.519.

9

970. 8 314

35

Postage and sh1pp1ng

35 29 193. 6.696. 3 539. 18 958

36

Occupancy

36 414

659.

247.716.

79 056.

87.887.

37

Equipment rental and maintenance

37

15,241.

9,567.

2 687. 2 987

38

Printing and pubhcat1ons

38 43 915. 23.674.

2 273. 17 968

39

Travel

39

339 857.

222.660.

41 774. 75 423

40 Conferences, conventions, and meetings 40

50 918.

13,961.

838. 36 119

41 Interest

41

42 Deprec1at1on, epletion, etc. (attachschedule) 42

25 232.

15.071. 4,812.

5

349

43 Other expenses not covered above (1tem1ze)

a 43a

b 43b

c 43c

d

43d

e 43e

f 43f

g

See Statement 3

43a 475 923.

264,539.

139

990.

71 394

44 Total functional expenses.Add Imes22a hrough

43g. (Organizationsompleting olumns B)-(D),

carry hese otals o Imes13-15)

44

3

512.247. 2

284.896. 618

017. 609

334

Joint Costs. Check

D

1fyou are following SOP 982.

Are any Joint osts rom a combinededucational ampaign nd undra1smgohc1tat1oneportedm (B) Programservices?

D

Yes

[xJ

No

If Yes, enter i) the aggregate mountof theseJoint osts$

N /A ; (ii)

he amountallocated o Programservices __

--=.N::.../c....:A=-

(iiil

he amountallocated o Management nd general$

N /A

and (iv) the amountallocated o Fundra1smg

N /A

2

739466 FWFoundation 2006.05050 FreedomWorks Foundation, In FWFOUND


3/25

Form 990 2006 FreedomWorks Foundation Inc.

52-1526916

Pa

Part Ill Statement of Program Service Accomplishments

See the mstruct,ons.)

Form 900 1savailable for public 1nspect1onand, for some people, serves as the primary or sole source of information about a particular organization

How the public perceives an organization in such cases may be determined by the 1nformat1onpresented on its return. Therefore, please make sure

return 1scomplete and accurate and fully describes, 1nPart Ill, the organization's programs and accomplishments.

What 1s he organization's primary exempt purpose?

See

Statement 5

All organizations must describe their exempt purpose achievements in 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 oolicies

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

Public

Affairs:

Research

and education on

how

reducina

Federal

reaulations

will

imorove

the economv bv

disseminatina information

throuah orint broadcast

media.

and on-line education.


l

If this amount includes foreian arants check here

Other

Core Proarams: Various oroarams aimed at oromotina

consumer-focused

economic oolicies throuah education and

research

in both domestic

and

international

economic

markets.


)

If this amount includes fore1an arants check here

d


)

If this amount includes fore1an a rants check here

e

Other program services (attach schedule)


)

If this amount includes fore1on orants check here

f

Total of Program Service Expenses (should equal line 44, column (8), Program services)

623021

01-18-07

3

ProgramService

Expenses

(Required or 501(c)(

and ( 4) orgs., and

4947(a)(1) rusts; bu

optional or others.

D

1.414.218.

D

296

731

l I

573

944

D

D

2,284,893.

Form990 (20

739466 FWFoundation

2006.05050 FreedomWorks Foundation, In FWFOUN


4/25

---------

Form 990 2006)

FreedomWorks

Foundation.

Inc.

IPart IV IBalance Sheets

See

the mstruct,ons

Note:

Where reqwred, attached schedules and amounts w1thm he descnpt,on column

should be for end-of-year amounts only.

45

Cash non-interest-bearing

46

Savings and temporary cash investments

47 a

Accounts receivable

47a

b Less. allowance for doubtful accounts 47b

48 a

Pledges receivable

48a 49.650.

.

b

Less: allowance for doubtful accounts

48b

49

Grants receivable

50 a

Receivables from current and former officers, directors, trustees, and

key employees

b

Receivables from other d1squahf1edpersons as defined under section

UI

4958 f) 1 )) and persons described 1nsection 4958 c) 3

8)

.

l)

51 a

Other notes and loans receivable I 51a

I

UI

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