freedomworks foundation 521526916 2007 040fca34searchable

16
Forn~ 990 Return of Organization Exempt From Income Tax OMB No 1545-0047 Department of the Treasury Internal Revenue Service Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code(exceptblack lung benefit tn;st Oi piiwate foiHidation) Theorganization may have to usea copy of this returnto satisfy statereporting requirements. A For the 2007 calendaryear, or tax year beginning and ending 2007 Open to Public Inspection B Check 11 Please C Name of organization D Employer identificationnumber applicable use IRS DAddress label or FreedomWorks Foundation. Inc. 52-1526916 change print or oName type Number and street (or P.O box 11 ma1l 1s not delivered to street address) Lj, Room/suite E Telephone number change See 01mt1al Specific 601 Pennsvlvania Avenue. NW. N. Buildin 700 202-783-3870 return OTermin- lnstruc- at1on t1ons Cityor town, state or country,and ZIP + 4 F Accounbno method D Cash [xJ Accrual oAmended return Washinaton DC 20004 oother .... fsoec1fy) OApphcat1on • Section 501(c)(3)organizations and 4947(a)(1)nonexempt charitabletrusts Hand I are not applicable to section 527 organizations. pending must attacha completed Schedule A (Form 990 or 990·EZ) H(a) Is this a group return for affiliates? Dves 00No G Website: ..._WWW. f reedomworks. ora H(b) If "Yes; enternumber of affiliates~ NLA J Organization type (check only one)~ [xJ 501(c)( 3 ) ..... (insert no l D 4947(a)(1) or D 527 H(c) Are all affiliates included? N/A Dves 0No K Check here D 11 the orgamzat,on ,snot a 509(a)(3) supporting organization and ,ts gross (If 'No,' attach a list ) H(d) Is this a separate return flied by an or- receipts are normally not morethan$25,000. A return 1s not required, but 11 the organization gamzat1on covered bv a group ruling? Dves CxJNo chooses to Ille a return,be sureto Ille a complete return. I Grouo Exemot1on Number..._ NIA eo M Check~ D 11 the organization 1s not required to attach :s Gross receipts: Add Imes 6b, Bb, 9b, and 10bto lme 12 4 201 451. Sch. B (Form990, 990-EZ, or 990-PF). ''f Part 11 Revenue, Expenses, and Changes in Net Assets or Fund Balances - = 1 Contnbut,ons, gifts, grants, and s1m1lar amounts received: :z: a Contributions to donoradvised funds 1a ::J b Directpublicsupport(not included on lme la) 1b 4.010 """') Indirect publicsupport(not included on lme 1a) 1c c 0 d Government contributions (grants)(not included on lme 1a) 1d llli e Total (add Imes1athrough 1d) (cash$ 4,010,100. noncash $ 2 3 00 4 5 6 a b Cl) c :::, 7 c: Cl) > 8 a Cl) cc b c d 9 a b c 10 a b c 11 12 VI 13 Cl) 14 VI c: Cl) 15 c. )( 16 w 17 18 VI ~ti 19 z::! 20 < 21 723001 12-27-07 Program service revenue mcludmg government leesand contracts (from PartVII, line 93) Membership dues and assessments Interest on savings and temporary cashinvestments D1v1dends and interest from securities Gross rents See Statement 1 ] 68 ] 96 Less:rental expenses 6b Netrentalincome or (loss).Subtract line 6b from lme6a Otherinvestment income (describe Gross amount from sales of assets other IA\ Securities IBl Other than inventory Ba Less: cost or otherbasisand sales expenses Sb Gam or (loss) (attach schedule) Sc Netgamor (loss).Combine line Be, columns(A) and (B) Special events and act1v1t1es (attach schedule). II any amount 1s from gaming,checkhere D Gross revenue (nol mcludlno $ ofcontrlbubons reponed on line lb) I 9a I Less:directexpenses otherthanfundraismg expenses 9b Netincome or (loss) from special events Subtract line 9b from line 9a I 1oa l Gross sales of inventory, lessreturns and allowances Less: cost of goodssold 10b Gross profit or (loss) from sales of inventory (attach schedule). Subtract line 10bfrom lme 10a Other revenue (from PartVII, lme 103) Total revenue.Add lines 1e 2 3 4 5 6c 7 Bd cc 10c .mll!:tlr g:: 1\/1= n , __ - Program services (from line 44, column(B)) ~t Ii Management and general (from lme44, column (C MAY I 5 2008 Fundra,smg (from line 44, column(D)) Payments to affiliates (attach schedule) Total exoenses. Add Imes16 and 44 columnIA\ rv".'nr::111.1 1 lT Excess or (def1c1t) for the year. Subtract line 17 fro"' r,na 1>Y - - - -, Net assets or fund balances at beginning of year(from lme73, column(A)) Other changes m net assets or fund balances (attach explanation) See Statement Net assets or fund balances at end of year.Combine Imes18, 19,and 20 LHA For Privacy Act and Paperwork Reduction Act Notice,see the separate instructions. 100. ) 1e 4 010,100. 2 3 4 5 94.623. 228. Be 96.228. l 7 8d 9c 10c 11 500. 12 4 201 451. 13 1 767 346. 14 658 799. 15 756 451. 16 17 3 182 596. 18 1 018 855. 19 1. 500 023. 2 20 <11.166. 21 2.507 712. Form990 (2007) > 1 () t, - (4 2007.05010 FreedomWorks Foundation, In FWFOUNDl l _) 12160424 739466 FWFoundation

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Page 1: FreedomWorks Foundation 521526916 2007 040FCA34Searchable

Forn~ 990 Return of Organization Exempt From Income Tax OMB No 1545-0047

Department of the Treasury Internal Revenue Service

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit tn;st Oi piiwate foiHidation)

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

A For the 2007 calendar year, or tax year beginning and ending

2007 Open to Public

Inspection

B Check 11 Please C Name of organization D Employer identification number applicable

use IRS

DAddress label or FreedomWorks Foundation. Inc. 52-1526916 change print or oName type Number and street (or P.O box 11 ma1l 1s not delivered to street address) Lj, Room/suite E Telephone number change

See 01mt1al Specific 601 Pennsvlvania Avenue. NW. N. Buildin 700 202-783-3870 return

OTermin- lnstruc-at1on t1ons City or town, state or country, and ZIP + 4 F Accounbno method D Cash [xJ Accrual

oAmended return Washinaton DC 20004 oother ....

fsoec1fy)

OApphcat1on • Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable trusts Hand 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 00No G Website: ..._WWW. f reedomworks. ora H(b) If "Yes; enter number of affiliates~ NLA J Organization type (check only one)~ [xJ 501(c) ( 3 ) ..... (insert no l D 4947(a)(1) or D 527 H(c) Are all affiliates included? N/A Dves 0No K Check here ~ D 11 the orgamzat,on ,snot a 509(a)(3) supporting organization and ,ts gross

( If 'No,' attach a list ) H(d) Is this a separate return flied by an or-

receipts are normally not more than $25,000. A return 1s not required, but 11 the organization gamzat1on covered bv a group ruling? Dves CxJNo chooses to Ille a return, be sure to Ille a complete return. I Grouo Exemot1on Number..._ NIA

eo M Check~ D 11 the organization 1s not required to attach

:s Gross receipts: Add Imes 6b, Bb, 9b, and 10b to lme 12 ~ 4 201 451. Sch. B (Form 990, 990-EZ, or 990-PF).

''f Part 11 Revenue, Expenses, and Changes in Net Assets or Fund Balances -= 1 Contnbut,ons, gifts, grants, and s1m1lar amounts received:

:z: a Contributions to donor advised funds 1a

::J b Direct public support (not included on lme la) 1b 4.010 """')

Indirect public support (not included on lme 1a) 1c c 0 d Government contributions (grants) (not included on lme 1a) 1d llli e Total (add Imes 1a through 1d) (cash$ 4,010,100. noncash $ ~ ~ 2

~ 3

00 4

5

6 a

b

Cl) c :::,

7 c: Cl) > 8 a Cl)

cc

b

c

d

9

a

b

c 10 a

b

c

11

12

VI 13

Cl) 14 VI c: Cl) 15 c. )(

16 w 17 18

VI

~ti 19 z::! 20 <

21 723001 12-27-07

Program service revenue mcludmg government lees and contracts (from Part VII, line 93)

Membership dues and assessments

Interest on savings and temporary cash investments

D1v1dends and interest from securities

Gross rents See Statement 1 ] 68 ] 96 Less: rental expenses 6b

Net rental income or (loss). Subtract line 6b from lme 6a

Other investment income (describe ~

Gross amount from sales of assets other IA\ Securities IBl Other

than inventory Ba

Less: cost or other basis and sales expenses Sb

Gam or (loss) (attach schedule) Sc

Net gam or (loss). Combine line Be, columns (A) and (B)

Special events and act1v1t1es (attach schedule). II any amount 1s from gaming, check here ~ D Gross revenue (nol mcludlno $ of contrlbubons reponed on line lb) I 9a I Less: direct expenses other than fundraismg expenses 9b Net income or (loss) from special events Subtract line 9b from line 9a

I 1oa l Gross sales of inventory, less returns and allowances

Less: cost of goods sold 10b

Gross profit or (loss) from sales of inventory (attach schedule). Subtract line 10b from lme 10a

Other revenue (from Part VII, lme 103)

Total revenue. Add lines 1e 2 3 4 5 6c 7 Bd cc 10c .mll!:tlr g:: 1\/1= n , __ -Program services (from line 44, column (B))

~t Ii Management and general (from lme 44, column (C

MAY I 5 2008 Fundra,smg (from line 44, column (D))

Payments to affiliates (attach schedule)

Total exoenses. Add Imes 16 and 44 column IA\ rv".'nr::111.1 1 lT Excess or (def1c1t) for the year. Subtract line 17 fro"' r,na 1>Y - - - - ,

Net assets or fund balances at beginning of year (from lme 73, column (A))

Other changes m net assets or fund balances (attach explanation) See Statement Net assets or fund balances at end of year. Combine Imes 18, 19, and 20

LHA For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.

100.

) 1e 4 010,100. 2

3

4

5 94.623. 228.

Be 96.228. l 7

8d

9c

10c

11 500. 12 4 201 451. 13 1 767 346. 14 658 799. 15 756 451. 16

17 3 182 596. 18 1 018 855. 19 1. 500 023.

2 20 <11.166. 21 2.507 712.

Form 990 (2007)

>

1 () t, - (4 2007.05010 FreedomWorks Foundation, In FWFOUNDl l _) 12160424 739466 FWFoundation

Page 2: FreedomWorks Foundation 521526916 2007 040FCA34Searchable

.. •1

Form 990 2007 FreedomWorks Foundation Inc. 52-1526916 Pa e2 Part II Statement of

Functional Expenses All organizations must complete column (A). Columns (B), (C), and (D) are required for section 501(c)(3) and (4) organizations and section 49471aH1l nonexempt charitable trusts but optional for others.

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 S o. II this amount includes foreign grants, check here ..... D 22a

22b Other grants and allocations (attach schedule]

(cash $ 0 • noncash $ o. If this amount includes foreign grants, check here ..... D 22b

23 Spec1f1c assistance to 1nd1v1duals (attach

schedule) 23

24 Benefits paid to or for members (attach

schedule) 24 25a Compensation of current officers, directors, key

employees, etc. listed 1n Part V-A 25a 677 812. 394.135. 111. 185. 172.492. b Compensation of former officers, directors, key

employees, etc. listed m Part V-B 25b 0. 0. o. 0. c Compensation and other d1stribut1ons, not included

above, to d1squal1f1ed persons (as defined under

section 4958(1)(1)) and persons described m

section 4958(c)(3)(B) 25c

26 Salaries and wages of employees not

included on lines 25a, b, and c 26 688 286. 432 052. 161 821. 94.413. 27 Pension plan contributions not included on

lines 25a, b, and c 27 12 710. 10 196. 1.122. 1.392. 28 Employee benefits not included on lines

25a · 27 28 64 507. 44 201. 9.076. 11. 230. 29 Payroll taxes 29 65 338. 39 023. 12.466. 13.849. 30 Professional fundra1s1ng fees 30

31 Accounting fees 31 73 999. 73 999. 32 Legal fees 32 146 582. 125 957. 20.625. 33 Supplies 33 12 734. 4 564. 7 785. 385. 34 Telephone 34 51 236. 29 078. 14.631. 7.527. 35 Postage and sh1pp1ng 35 13 417. 2 390. 3 104. 7.923. 36 Occupancy 36 406 353. 227 227. 100.851. 78.275. 37 Equipment rental and maintenance 37 30 120. 16,818. 7. 491. 5.811. 38 Printing and publications 38 25 893. 3 571. 1.027. 21. 295. 39 Travel 39 245 161. 181. 554. 25.660. 37.947. 40 Conferences, conventions, and meetings 40 88 414. 47 667. 16.156. 24.591. 41 Interest 41

42 Deprec1at1on, depletion, etc (attach schedule) 42 26 791. 14 965. 6.657. 5,169. 43 Other expenses not covered above (1tem1ze)

a 43a

b 43b

c 43c

d 43d

e 43e

f 43f

g See Statement 3 43a 553 243. 193 948. 85.143. 274.152. 44 Total functional expenses. Add Imes 22a through

43g. (Orgamzat1ons completing columns (B)-(D), carry these totals to Imes 13-15) 44 3.182 596. 1. 767 346. 658.799. 756.451.

Joint Costs. Check ..... D If you are following SOP 98-2

Are any joint costs from a combined educational campaign and fundra1smg sol1c1tat1on reported m (B) Program services? ..,.. D Yes [xJ No

If "Yes,' enter (i) the aggregate amount of these Jomt costs$ N /A ; (ii) the amount allocated to Program services $ __ -=N'-'/~A~--(iiil the amount allocated to Management and general$ N /A ; and (ivl the amount allocated to Fundra1smg $ N /A ~~~fn1 Form 990 (2007)

2 12160424 739466 FWFoundation 2007.05010 FreedomWorks Foundation, In FWFOUNDl

Page 3: FreedomWorks Foundation 521526916 2007 040FCA34Searchable

.. ., Form990 2007 FreedomWorks Foundation Inc. 52-1526916 Pa e3 Part Ill Statement of Program Service Accomplishments (See the instructions)

' Form 990 ,s available for public 1nspect1on and, for some people, serves as the primary or sole source of 1nformat1on about a particular organization.

How the pubhc perceives an organization in such cases may be determined by the information presented on its return. Therefore, please make sure the

return ,s complete and accurate and fully describes, ,n Part Ill, the organization's programs and accomplishments.

What 1s the organization's primary exempt purpose? ~ See Statement 4

All organizations must describe their exempt purpose achievements 1n a clear and concise manner State the number of

chents served, pubhcat1ons issued, etc. Discuss achievements that are not measurable. (Section 501(c)(3) and (4)

organizations and 494 7(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 school choice and other mission-related issues.

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

b 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.

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

c Other Core Proarams: Various oroarams aimed at oromotina consumer-focused economic oolicies 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 allocatmns $ ) If this amount includes fore1an arants check here

e Other program services (attach schedule)

(Grants and allocations $ I If this amount includes fore1an orants check here

f Total of Program Service Expenses (should equal hne 44, column (B). Program services)

723021 12-27-07

3

~

~

~

Program Service Expenses

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

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

D 1 043 164.

D 453.486.

LJ 270.696.

D

D 1,767.346.

Form 990 (2007)

12160424 739466 FWFoundation 2007.05010 FreedomWorks Foundation, In FWFOUNDl

Page 4: FreedomWorks Foundation 521526916 2007 040FCA34Searchable

.. Form 990 (2007) FreedomWorks Foundation. Inc. I Part IV I Balance Sheets (See the mstruct,ons)

Note: VV'here reqwred, arracnea scneau1es ana amounts w1tnm tne aescnpt1on 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 43.650. 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 d1squallf1ed persons (as defined under section

Ill 4958(f}(1}) and persons descnbed 1n section 4958(c}(3 (B} -GI 51 a Other notes and loans receivable I 51a Ill

Ill <(

b Less: allowance for doubtful accounts 51b

52 Inventories for sale or use

53 Prepaid expenses and deferred charges

54 a Investments· publicly-traded securities Stmt 6 .,.. D Cost [xJ FMV

b Investments· other secunt1es .,.. Deas! DFMV

55 a Investments· land, buildings, and

equipment basis 55a

b Less· accumulated deprec1at1on 55b

56 Investments· other se1

e s1

tate.ment 5 57 a Land, buildings, and equipment basis 57a

b Less. accumulated deprec1at1on 57b

58 Other assets, mcludmg program-related investments

(describe ....

59 Total assets (must eaual line 741 Add lines 45 throuah 58

60 Accounts payable and accrued expenses

61 Grants payable

62 Deferred revenue Ill GI 63 Loans from officers, directors, trustees, and key employees ~

64 a Tax-exempt bond llablltt1es :s co

b Mortgages and other notes payable :J 65 Other hab1ht1es (describe .... Due to related entity

66 Total liabilities. Add Imes 60 throuah 65

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

Ill 67 through 69 and lines 73 and 74.

GI 67 Unrestricted u c

68 Temporanly restricted co iv Ill 69 Permanently restricted "'C

Organizations that do not follow SFAS 117, check here .... Dand c :::i LL. ... 0

70 Ill -GI 71 Ill Ill <( 72 -GI 73 z

74

723031 12-27-07

complete lines 70 through 74

Capital stock, trust principal, or current funds

Pa1d·1n or capital surplus, or land, building, 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 lme 19 and column (B) must equal lme 21)

Total liabilities and net assets/fund balances. Add Imes 66 and 73

4

)

)

52-1526916 PaQe4

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

71 890. 45 830 784. 191 773. 46 176.

47c

49.650. 48c 43 650. 49

50a

50b

51c

52

115 616. 53 5 818. 208.476. 54a 267 206.

54b

55c

1 770.576. 56 1 591 879.

57c

196. 58

2-408 177. 59 2.739 513. 147. 60 50 075.

61

62

63

64a

64b

908 007. 65 181 726.

908 154. 66 231 801.

<320 202. 1>67 872 184. 1.820.225. 68 1 635 528.

69

70

71

72

1 500.023. 73 2 507 712. 2 408.177. 74 2 739 513.

Form 990 (2007}

12160424 739466 FWFoundation 2007.05010 FreedomWorks Foundation, In FWFOUNDl

Page 5: FreedomWorks Foundation 521526916 2007 040FCA34Searchable

Formsso 2007) FreedomWorks Foundation Inc. 52-1526916 Pa e5 Part IV-A Reconciliation of Revenue per Audited Financial Statements With Revenue per Return (See the

mstn_J(:t,ons)

a Total revenue, gains, and other support per audited financial statements a 4 190 285. b Amounts included on hne a but not on Part I, hne 12.

1 Net unrealized gains on investments b1 2 Donated services and use of fac1llt1es b2 3 Recoveries of pnor year grants b3 4 Other (specify): See Statement 7 b4 <11 166. >

Add lines b1 through b4 b <11 166. c Subtract hne b from line a c 4 201 451. d Amounts included on Part I, hne 12, but not on line a:

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

Add lines d1 and d2 d o. e Total revenue IPart I hne 12\. Add Imes c and d .... e 4 201 451.

I Part IV-B I Reconciliation of Expenses per Audited Financial Statements With Expenses per Return a Total expenses and losses per audited f1nanc1al statements a 3 182 596. b Amounts included on hne a but not on Part I, line 17.

1 Donated services and use of fac1llt1es b1

2 Pnor year adJustments reported on Part I, line 20 b2

3 Losses reported on Part I, line 20 b3 4 Other (specify). b4

Add hnes b 1 through b4 b 0. c Subtract hne b from line a c 3,182,596. d Amounts included on Part I, hne 17, but not on hne a:

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

Add lines d1 and d2 d 0. e Total exoenses (Part I hne 17\. Add lines c and d ~ e 3,182,596.

I Part V-A I Current Officers, Directors, Trustees, and Key Employees (LJst each person who was an officer, director, trustee, or key employee at any time dunng the year even 1f they were not compensated ) (See the mstruct,ons.)

(B) Title and average hours (C) Compensation (Dfucontribut,ons to (E) Expense (A) Name and address per week devoted to (If not paid, enter e ployee benefit account and

position -0-.) plans & deferred

other allowances compensation plans

Matt Kibbe ________________________ !President 601 Pennsylvania Ave.L_NWL 700_North Washinaton DC 20004 23.00 169 593. 11.725. 2 861. Jugy Mulcahy ______________________ Vice Presiden t/Treasu:r er 601 Pennsylvania Ave. L-NW L 700_ North Washinaton, DC 20004 23.00 83 552. 9 215. 0 . Jaci Brown ________________________ Wice Presiden t/Secreta ~y 601 Pennsylvania Ave. L _NW L 7 0 O_ North Washinaton DC 20004 23.00 72 489. 8.377. o. Honorable_Richard K._Arm~--------- Chairman 601 Pennsylvania Ave.L_NWL 700_North Washinaton. DC 20004 32.00 320 000. o. o. Ted Abram------------------------ Board Member 601 Pennsylvania Ave.L_NWL 700_North Washinaton DC 20004 1.00 o. 0 . o. Frank M._Sands ____________________ aoard Member 601 Pennsylvania Ave. L _NW L 700_ North Washinaton DC 20004 1. 00 0. 0. 0. Malcolm s._Forbes _________________ Board Member 601 Pennsylvania Ave.L_NWL 700_North Washinaton DC 20004 1.00 o. o. 0.

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

Form 990 (2007)

723041 12-27-07

5 12160424 739466 FWFoundation 2007.05010 FreedomWorks Foundation, In FWFOUNDl

>

Page 6: FreedomWorks Foundation 521526916 2007 040FCA34Searchable

Form 990 (2007) FreedomWorks Foundation Inc. 52-1526916 Page 6 I Part V-A I Current Officers, Directors, Trustees, and Key Employees (continued) Yes No 75 II Enter tl,e total numbei of officeis, diiectors, and tn..:stees permitted to vote on orga"'!!zat!on business at board

meetings ~ 4

b Are any officers, directors, trustees, or key employees listed 1n Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed 1n Schedule A, Part II-A or 11-B, related to each other through family or business relat1onsh1ps? If "Yes," attach a statement that 1dentlf1es the 1nd1v1duals and explains the relat1onsh1p(s) 75b x

c Do any officers, directors, trustees, or key employees listed 1n Form 990, Part V-A, or highest compensated employees listed 1n Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or 11-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization? See the 1nstruct1ons for the definition of "related organization " See Statement a 75c x If "Yes," attach a statement that includes the information descnbed 1n the 1nstruct1ons

d Does the oroanizat1on have a wrrtten conflict of interest policv? 75d x I Part V-B I Form~r Officers, Directors, Trustees, and Key Employees That Received Compensation or Other

Benefits (If any former officer, director, trustee, or key employee received compensation or other benefits (described below) during the year, list that person below and enter the amount of compensation or other benefits 1n the appropriate column See the instructions )

(C) Compensation (D} Contributions to (E) Expense (A) Name and address (B) Loans and Advances (11 not paid, employee benefit account and plans & deferred None enter -0-) comoensat1on clans other allowances

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I Part VI I Other Information (See the mstruct,ons) Yes No 76 Did the organization make a change 1n its act1v1t1es or methods of conducting act1v1t1es? If "Yes," attach a detailed

statement of each change 76 x 77 Were any changes made 1n 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 organization have unrelated business gross income of $1,000 or more dunng the year covered by this return? 78a x b If "Yes," has 1t filed a tax return on Form 990-T for this year? N/A 78b

79 Was there a hquidat1on, d1ssolut1on, termination, or substantial contraction during the year? If "Yes," attach a statement 79 x 80 a Is the organization related (other than by assoc1at1on with a statewide or nat1onw1de organization) through common

membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization? 80a x b If "Yes," enter the name of the organization~ FreedomWorks, Inc.

and check whether 1t 1s [x] exempt or D nonexempt

81 a Enter direct and indirect polrt1cal expendrtures (See hne 81 1nstruct1ons.) I 81a I o. b Did the oraanizat1on file Form 1120-POL for this vear? 81b x

Form 990 (2007)

723161/12-27-07

6 12160424 739466 FWFoundation 2007.05010 FreedomWorks Foundation, In FWFOUNDl

Page 7: FreedomWorks Foundation 521526916 2007 040FCA34Searchable

Form990(2007l FreedomWorks Foundation Inc. 5 2 -15 2 6 916 Page 7 I Part VI I Other Information (continued) Yes No 62 a Did u-1e organ,zat,on receive donated services or t!'>e use of m:;it.,.n:;ils. equipment. or fac1ht1es at no charge or at substantially

less than fair rental value?

b If "Yes," you may 1nd1cate the value of these items here Do not include this

amount as revenue in Part I or as an expense in Part II

(See 1nstruct1ons 1n Part 111.) I 82b I 83 a Did the organization comply with the public 1nspect1on requirements for returns and exemption applications?

N/A

b Did the organization comply with the disclosure requirements relating to qu,d pro quo contributions? N / A 84 a Did the organization solicit any contributions or gifts that were not tax deductible? N / A

b If "Yes," did the organization include with every sohc1tat1on an express statement that such contributions or gifts were not

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

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 organization received a

waiver for proxy tax owed for the prior year

c Dues, assessments, and s1m1lar 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 pol1t1cal expenditures (line 85d less 85e)

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

85c 85d

85e 85f

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

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

following tax year?

86 501(c)(7) organizations Enter. a lnit1at1on fees and capital contributions included on

line 12

b Gross receipts, included on line 12, for public use of club fac11it1es

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

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

against amounts due or received from them )

86a

86b

87a

87b

NIA N/A NIA N/A N/A

N/A

NIA N/A N/A

N/A 88 a At any time during the year, did the organization own a 50"/o or greater interest in 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

82a

83a X 83b

84a

84b

85a 85b

85a

85h

88a b At any time during the year, did the organization, directly or 1nd1rectly, own a controlled entity within the meaning of

section 512(b)(13)? If "Yes," complete Part XI .... 88b

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

section 4911.... 0 • ; section 4912.... 0 • ; sec!lon 4955 .... ________ o.=....a...

b 501(c)(3) and 501(c)(4) organizations. Did the organization engage 1n any section 4958 excess benefit

transaction dunng the year or did 1t become aware of an excess benefit transaction from a prior year?

If "Yes," attach a statement explaining each transaction

c Enter Amount of tax imposed on the organization managers or disqualified persons dunng the year under

sections 4912, 4955, and 4958 .... ----------'o~. d Enter· Amount of tax on line 89c, above, reimbursed by the organization .... ---------=O:.....=.... e All organizations At any time during the tax year, was the organization a party to a proh1b1ted tax shelter transaction?

f Al/ organizations Did the organization acquire a direct or 1nd1rect interest 1n any applicable insurance contract?

g For supporting organizations and sponsonng organizations maintaining donor advised funds. Did the supporting organization,

or a fund ma1nta1ned by a sponsonng organization, have excess business holdings at any time during the year?

89b

89e 89f

89a

x

x

x

x

x x

x 90 a List the states with which a copy of this return 1s filed ""'--~S~e_e_=S_t~a_t_e_m_e_n_t~~9~-----~-~----------

b Number of employees employed 1n the pay period that includes March 12, 2007 ! 90b ! 0 91 a Thebooksaremcareof .... The Organization Telephone no ..... 202-783-3870

Locatedat..,. Oraanization's address, Washinaton, DC ZIP+4..,.20004 b At any time dunng the calendar year, did the organization have an interest 1n or a signature or other authority over Yes No

a financial account in a foreign country (such as a bank account, securities account, or other financial account)? 91b x If "Yes," enter the name of the foreign country .... NIA See the 1nstruct1ons for exceptions and filing requirements for Form TD F 90-22.1, Report of Foreign Bank

and F1nanc1al Accounts

Form 990 (2007)

723162112-27-07

7 12160424 739466 FWFoundation 2007.05010 FreedomWorks Foundation, In FWFOUNDl

Page 8: FreedomWorks Foundation 521526916 2007 040FCA34Searchable

Form 990 2001 FreedomWorks Foundation Inc. 52-1526916 Part VI Other Information (continued)

c At any time during the calendar year, did the orgaruzat,on ma,nta,n an office outside of the Uruted States? I 9ic I

If "Yes," enter the name of the foreign country ... ----~N~=A~-------------------92 Section 4947(a)(1) nonexempt chantable trusts ft/mg Form 990 m lteu of Form 1041- Check here ... o

and enter the amount of tax-exempt interest received or accrued dunno the tax vear ~ I 92 I NIA I Part VII I Analysis of Income-Producing Activities (See the mstroct1ons J

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 93 Program service revenue code SI On function income 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 securrt1es 14 94 623. 97 Net rental income or (loss) from real estate·

a debt-financed property

b not debt-financed property 16 96 228. 98 Net rental income or (loss) from personal property

99 Other investment income

100 Gain or (loss) from sales of assets

other than inventory

101 Net income or (loss) from special events

102 Gross profit or (loss) from sales of inventory

103 Other revenue·

a Other revenue 01 500. b

c d

e

104 Subtotal (add columns (8), (D), and (E)) 0 . 191. 351. o. 105 Total (add line 104, columns (8), (D), and (E)) ... ----=1 __ 9-=1 .... , __ 3 __ 5-=1~. Note: Lme 105 plus /me 1 e, Part I, should equal the amount on /me 12, Part I

I Part VIII I Relationship of Activities to the Accomplishment of Exempt Purposes (See the mstroct1ons)

Line No. Explain how each act1v1ty 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 mstroct1ons) (A) (B) (C) (D) (E)

Name, address, and EIN of coiorat1on, Percentage of Nature of act1v1t1es Total income E nd-of-f!ear partnership, or d1sregarde entity ownership interest asses

%

N/A %

%

%

I Part X I Information Regarding Transfers Associated with Personal Benefit Contracts (See the mstroct1ons J (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, during the year, pay premiums, directly or 1nd1rectly, on a personal benefit contract?

Note: If 'Yes" to (b), file Form 8870 and Form 4720 (see mstroct1ons).

723163 12-27-07

8

Dves Dves

[xJ No

[xJ No

Form 990 (2007)

12160424 739466 FWFoundation 2007.05010 FreedomWorks Foundation, In FWFOUNDl

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Form990 2007 FreedomWorks Foundation Inc. 52-1526916 Pa e9 Part XI Information Regarding Transfers To and From Controlled Entities. Complete only ,t the orgamzat1on 1s a

contro!l!ng orgaruzat1on as defined!"? section 512(b)(13)

106 Did the reporting organization make any transfers to a controlled entrty as defined in section 512(b)(13) of the Code? If "Yes,"

comolete the schedule below for each controlled ent1tv.

a

b

c

(A) Name, address, of each

controlled entity

Totals

(B) Employer

Identification Number

(C) Description of

transfer

Yes No

(D) Amount of

transfer

Yes No 107 Did the reporting organization receive any transfers from a controlled entrty as defined 1n section 512(b)(13) of the Code? If "Yes,"

comolete the schedule below for each controlled entltv

a

b

c

(A) Name, address, of each

controlled entity

Totals

(B) Employer

Identification Number

(C) Description of

transfer

108 Did the organization have a b1nd1ng written contract in effect on August 17, 2006, covering the interest, rents, royalties, and

annu1t1es described 1n auest1on 107 above?

(D) Amount of

transfer

Yes No

Under penalties of perJury, I declare that I ha~~.:~;,f,;h~~return, 1nclud1ng accompanying schedules and statements, and to the best of my knowledge and belief, 1t 1s true, correct,

and compl~;o1;~ased on all 1nformat1on of Which preparer has any knowledge I ~ /fl lo 5? Please

Sign

Here ~ ~natp'l'..ol 0~1cer ' A ,, IA A /, _-,-- Date

Ill... -~uJ;'-11<_ Iv{_ rtuq(ln 11 l y.lP._'1vY./Ar ,... Type or prmt name and title Q I

Paid Preparer's Ill... ~ ------ I o.a}! ll'>~o q f ~1f_ck If ..... D I Preparer's SSN or PTIN (See Gen Inst XJ

Ls~1~gn~a~tu~r!e_l"'~~--=::::~::::::::':~~~~;;;;~~====-~~~~_l~'7'?:._~ . .;IV~~~v~Lle~m~p~lo~y~e~d~.,....~C:Jl~~~~~~~~~~~ Prepare r's Firm·s name (or

Use Only yours if sell-employed), address, and ZIP+ 4

723164112-27-07

Rogers & Company PLLC ~8300 Boone Boulevard, Suite

Vienna Virainia 22182

9

EIN ....

600 Phone no. .... ( 7 0 3 ) 8 9 3 - 0 3 0 0

Form 990 (2007)

12160424 739466 FWFoundation 2007.05010 FreedomWorks Foundation, In FWFOUNDl

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Inc. 5 2 -15 2 6 916 Page 2

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

1 During the year, has the organization attempted to influence national, state, or local leg1slat1on, mcludmg any attempt to influence

public opinion on a leg1slat1ve matter or referendum? If 'Yes,' enter the total expenses paid or incurred 1n connection with the

lobbying act1v1t1es .... $ $ (Must equal amounts on lme 38, Part VI-A, or

lme i of Part Vl-8.)

Organ1zat1ons that made an election under section 501(h) by f1lmg Form 5768 must complete Part VI-A. Other organizations

checking 'Yes' must complete Part Vl-8 AND attach a statement g1vmg a detailed description of the lobbying act1v1t1es.

2 During the year, has the organization, either directly or md1rectly, engaged many of the following acts with any substantial contributors, trustees, directors, officers, creators, key employees, or members of their families, or with any taxable organization with which any such person 1s aff1hated as an officer, director, trustee, maJonty owner, or pnnc1pal benef1c1ary? (If the answer to any question is 'Yes," attach a detailed statement explammg the transactions)

a Sale, exchange, or leasing of property?

b Lending of money or other extension of credit? c Furnishing of goods, services, or fac1hlles?

d Payment of compensation (or payment or reimbursement of expenses 11 more than $1,000)? See Part V-A~ Form 9 9 0 e Transfer of any part of its income or assets?

3 a Did the organization make grants for scholarships, fellowships, student loans, etc.? (If 'Yes,' attach an explanation of how

the organization determines that rec1p1ents qualify to receive payments.)

b Did the organization have a sectmn 403(b) annuity plan for its employees?

c Did the organization receive or hold an easement for conservatmn purposes, mcludmg easements to preserve open space,

the environment, h1stonc land areas or h1stonc structures? If 'Yes,' attach a detailed statement

d Did the organization provide credit counseling, debt management, credit repair, or debt negot1at1on services? 4 a Did the organization mamtam any donor advised funds? If 'Yes,' complete Imes 4b through 4g. If 'No,' complete Imes 41

and 4g b Did the organization make any taxable d1stnbut1ons under sectmn 4966?

c Did the organizatmn make a d1stnbut1on to a donor, donor advisor, or related person?

d Enter the total number of donor advised funds owned at the end of the tax year

e Enter the aggregate value of assets held m all donor advised funds owned at the end of the tax year f Enter the total number of separate funds or accounts owned at the end of the year (excluding donor advised funds included on

lme 4d) where donors have the right to provide advice on the d1stnbut1on or investment of amounts 1n such funds or accounts

g Enter the aggregate value of assets mall funds or accounts included on lme 41 at the end of the tax year

N/A N/A

....

....

....

....

Yes No

x

2a X 2b X 2c X 2d X 2e x

3a x 3b x

3c x 3d x

4a x 4b 4c

NLA NLA

0 . o .

Schedule A (Form 990 or 990-EZ) 2007

723111 12-27-07

12160424 739466 FWFoundation 11

2007.05010 FreedomWorks Foundation, In FWFOUNDl

Page 11: FreedomWorks Foundation 521526916 2007 040FCA34Searchable

5 2 -15 2 6 916 Page 3

I Part IV I Reason for Non-Private Foundation Status (See pages 4 through 8 of the instructions.)

I certify that the organization 1s not a private foundation because it 1s: (Please check only ONE applicable box.)

5 D A church, convention of churches, or assoc1at1on of churches. Section 170(b)(1)(A)(1). 6 D A school. Section 170(b)(1)(A)(n). (Also complete Part V.)

1 D a D 9 D

10 D

11a [xJ

11b D 12 D

A hospital or a cooperative hospital service organization Section 170(b)(1)(A)(111).

A federal, state, or local government or governmental unit. Section 170(b)(1)(A)(v).

A medical research organization operated in con1unct1on with a hospital. Section 170(b)(1)(A)(111). Enter the hospital's name, city,

and state ....

An organization operated for the benefit of a college or university owned or operated by a governmental unit. Section 170(b)(1)(A)(1v).

(Also complete the Support Schedule in Part IV-A.)

An organization that normally receives a substantial part of its support from a governmental unit or from the general public.

Section 170(b)(1)(A)(v1). (Also complete the Support Schedule in Part IV-A.)

A community trust. Section 170(b)(1)(A)(v1). (Also complete the Support Schedule in Part IV-A.)

An organization that normally receives· ( 1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from act1v1t1es 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 acquired by the organization after June 30, 1975. See section 509(a)(2). (Also complete the Support Schedule in Part IV-A.)

13 D An organization that 1s not controlled by any d1squalif1ed persons (other than foundation managers) and otherwise meets the requirements of section

509(a)(3). Check the box that describes the type of supporting organizat1on-

D Type I D Type II D Type Ill-Functionally Integrated D Type Ill-Other

Provide the following information about the supported organizations. (See page 8 of the instructions)

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

Name(s) of supported organization(&) Employer Type of organization Is the supported Amount of identification (described in lines organization listed in support number (EIN) 5 through 12 above the supporting

or IRC section) organization's governing documents?

Yes No

Total .... 14 D An organization organized and operated to test for public safety. Section 509(a)(4). (See page 8 of the instructions.)

Schedule A (Form 990 or 990-EZ) 2007

723121 12-27-07

12160424 739466 FWFoundation 12

2007.05010 FreedomWorks Foundation, In FWFOUNDl

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ScheduleA(Form990or990-EZ)2007 FreedomWorks Foundation Inc. 52-1526916 Page 4 Part IV-A Support Schedule (Complete only If you checked a box on line 10, 11, or 12) Use cash method of accounting.

Note· You may use the worksheet m the mstruct,ons for convertm~ from the accrual to the cash method of accounting Calendar year (or fiscal year

. I I beginning in) .... (al 2006 (bl 2005 (cl 2004 (d) 2003 (el Total 15 Gifts, grants, and contributions

received. (Do not include unusual 4.176.412. 3.915.810. 2 311.269. 609.981. 11 grants. See lme 28.) 013 472.

16 Membershm fees received

17 Gross receipts from adm1ss1ons, merchandise sold or services performed, or furmshmg of fac111t1es 1n any act1v1ty that 1s related to the orgamzat1on's charitable, etc., purpose

18 Gross income from interest, d1v1d-ends, amounts received from pay-ments on securities loans (section 512(a)(5l/· rents, royalties, income from s1m1 ar sources, and unrelated business taxable income (less section 511 taxes) from businesses acquired b~ the organization after

266 363. 145 667. 62 109. 492. 474 631. June 30, 1 75 19 Net income from unrelated business

act1v1t1es not included m lme 18

20 Tax revenues levied for the orgamzat1on's benefit and either paid to 11 or expended on its behalf

21 The value of services or fac11it1es furnished to the orgamzat1on by a governmental umt without charge. Do not include the value of services or fac111t1es generally furnished to the public without charge

22 Other income. Attach a schedule. See Stateme nt 10 Do not include gam or (loss) from sale of capital assets 214. 6 606. 16 951. 23. 771.

23 Total of lines 15 through 22 4.442 989. 4 068 083. 2.390 329. 610 473. 11. 511. 874. 24 Lme 23 mmus lme 17 4.442 989. 4 068 083. 2.390 329. 610 473. 11.511 874. 25 Enter 1% of lme 23 44 430. 40 681. 23 903. 6 105. 26 Organizations described on lines 10 or 11: a Enter 2% of amount m column (e), lme 24 .... 26a 230 237 •

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 orgamzat1on) whose total gifts for 2003 through 2006 exceeded the amount shown m lme 26a.

Do not file this list with your return. Enter the total of all these excess amounts .... 26b 4 095 181.

c Total support for section 509(a)(1) test: Enter lme 24, column (e) .... 26c 11. 511 874.

d Add: Amounts from column (e) for Imes: 18 474,631. 19

22 23, 771. 26b 4,095,181. .... 26d 4,593 583.

e Public support (lme 26c mmus lme 26d total) .... 26e 6.918 291 •

f Public suDDOrt Dercentaae !line 26e (numerator} divided bv line 26c I denominator)) .... 26f 60.0970%

27 Organizations described on line 12: a For amounts included m Imes 15, 16, and 17 that were received from a 'd1squalif1ed person,' prepare a list for your

records to show the name of, and total amounts received m each year from, each 'disqualified person.' Do not file this list with your return. Enter lhe sum of

such amounts for each year: N / A (2006) (2005) (2004) (2003)

b For any amount included in lme 17 that was received lrom each person ( other than 'd1squalil1ed persons'), prepare a list 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 m the list orgamzat1ons

described m Imes 5 through 11b, as well as md1v1duals.) 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: N / A (2006) (2005) (2004) (2003)

c Add: Amounts from column (e) for Imes:

17 ~~~~~~~~

d Add: Lme 27a total

e Public support (lme 27c total mmus lme 27d total)

15~~~~~~~~ 20 ______ _

and lme 27b total

.... 27c

.... 27d

.... 27e

Total support lor section 509(a)(2) test Enter amount on lme 23, column (e) .... 27f NA g Public support percentage (line 27e (numerator) divided by line 27f (denominator)) .... 27 N A %

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

28 Unusual Grants: For an orgamzat1on described m line 10, 11, or 12 that received any unusual grants during 2003 through 2006, prepare a list 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 m line 15.

723131 12-27-07 None ScheduleA(Form990or990-EZ)2007

13

12160424 739466 FWFoundation 2007.05010 FreedomWorks Foundation, In FWFOUNDl

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ScheduleA(Form990or990-EZ)2007 FreedomWorks Foundation, Inc. 5 2 -15 2 6 916 Page 5 i Part Vi Private School Questionnaire (See page 9 of the instructions.) N/A

{To be completed Of\JLY by schoo!s that checked the box on line 6 in Part IV)

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

instrument, or 1n a resolution of its governing body? 29 30 Does the organization include a statement of its racially nondiscriminatory policy toward students in all 1ts brochures, catalogues,

and other written communications with the public dealing with student adm1ss1ons, programs, and scholarships? 30 31 Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during the period of

solic1tat1on for students, or during the reg1strat1on period 1f 11 has no sol1c1tat1on program, in a way that makes the policy known

to all parts of the general community 11 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 compos1t1on of the student body, faculty, and admin1strat1ve 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 with student

adm1ss1ons, programs, and scholarships? 32c d Copies of all material used by the organ1zat1on 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 m any way with respect to:

a Students' rights or privileges? 33a b Adm1ss1ons policies? 33b c Employment of faculty or adm1nistrat1ve staff? 33c d Scholarships or other financial assistance? 33d e Educational policies? 33e f Use of fac11it1es? 33f g Athletic programs? 33a h Other extracurricular act1v1t1es? 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 organizatmn certify that 11 has complied with 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) 2007

723141 12-27-07

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2007.05010 FreedomWorks Foundation, In FWFOUNDl

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Schedule A (Form 990 or 990-EZ) 2007 FreedomWorks Foundation I Inc. 5 2 -15 2 6 916 Page 6 j Part VI-A I Lobbying Expenditures by Electing Public Charities (See page 11 of the mstruct1ons.)

(To be completed O~LY by ar e1ig1ble 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' prov1s1ons applv.

(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 leg1slat1ve body (direct lobbying) 37

38 Total lobbying expenditures (add Imes 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 hne 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 lme 36. Enter -0- 1f lme 42 1s more than lme 36 43

44 Subtract lme 41 from lme 38. Enter -0- 1f lme 41 1s 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 organizations that made a section 501(h) election do not have to complete all of the five columns

below. See the instructions for Imes 45 through 50 on page 13 of the instructions.)

Lobbying Expenditures During 4-Year Averaging Period

Calendar year (or (a) (b) (c) fiscal year beginning in) • 2007 2006 2005

45 Lobbying nontaxable

amount

46 Lobbying ceiling amount (150% of lme 45(e))

47 Total lobbying

exoend1tures

48 Grassroots nontaxable amount

49 Grassroots ceiling amount

1150% of lme 48(ell

50 Grassroots lobbying

exoend1tures I Part VI-B I Lobbying Activity by Nonelecting Public Charities

(For reporting only by organizations that did not complete Part VI-A) (See page 14 of the mstruct1ons.)

During the year, did the organization attempt to influence national, state or local leg1slat1on, mcludmg any attempt to influence public opm1on on a leg1slat1ve matter or referendum, through the use ot

a Volunteers

b Paid staff or management (Include compensation 1n 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 off1c1als, or a legislative body

h Rallies, demonstrat,ons, seminars, conventions, speeches, lectures, or any other means i Total lobbying expenditures (Add Imes c through h.)

If "Yes· to any of the above, also attach a statement g1vmg a detailed descnpt,on of the lobbying act1v1t1es.

(d) 2004

Yes No

(b) To be completed for all electing organizations

NIA (e)

Total

0.

0.

0.

0.

0.

0.

N/A

Amount

o. 723151 12-27-07 Schedule A (Form 990 or 990-EZ) 2007

15 12160424 739466 FWFoundation 2007.05010 FreedomWorks Foundation, In FWFOUNDl

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ScheduleA(Form99Dor990-EZ)2007 FreedornWorks Foundation, Inc. 52-1526916 Page7

I Part VII I Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Oiganizations (See page 14 oi me 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) orgamzat1ons) or in section 527, relating to political organizations?

a Transfers from the reporting organization to a noncharitable exempt organization ot

(i) Cash

(ii) Other assets

b Other transactions:

(i) Sales or exchanges of assets with a noncharitable exempt organization

(ii) Purchases of assets from a noncharitable 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 fundra1srng sohc1tat1ons

c Sharing of fac111t1es, equipment, mailing lists, 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 orgamzallon 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 noncharitable exempt organization Description of transfers, transactions, and sharing arrangements

51c FreedornWorks. Inc. See Statement 11

52 a Is the organization directly or indirectly aff1hated 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? ..... 00 Yes 0No b If 'Yes; complete the following schedule:

(a) (b) (c) Name of organization Type of organization Descr1pt1on of relat1onsh1p

FreedomWorks Inc. 501(c){4} See Statement 12

72315~ 12-27-07 Schedule A (Form 990 or 990-EZ) 2007

16 12160424 739466 FWFoundation 2007.05010 FreedomWorks Foundation, In FWFOUNDl

Page 16: FreedomWorks Foundation 521526916 2007 040FCA34Searchable

'Free6omWorks Foundation, Inc. 52-1526916

F:orm 990 Rental Income Statement 1

Activity Gross Kind and Location of Property Number Rental Income

Sublease of facilities 1 96,228.

Total to Form 990, Part I, line 6a 96,228.

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

Description

Realized and unrealized gains, net of investment fees

Total to Form 990, Part I, line 20

Form 990

Description

Professional fees Miscellaneous Insurance Noncapital expenses Novelties Advertising Rentals Subscriptions Dues Photography Database management Computer services Clipping services ADP Fees

Total to Fm 990, ln 43

Other Expenses

(A)

Total

316,585. 11,482. 41,767.

8,566. 7,730.

19,289. 24,871. 12,248. 13,606.

7,688. 34,152. 50,332.

955. 3,972.

553,243.

( B) Program Services

81,371. 602.

23,326. 376.

7,160. 18,699. 15,968.

2,296. 13,067.

7,684. 11,130. 11,314.

955.

193,948.

( c) Management and General

2,879. 10,759. 10,380.

7,903.

590. 4,349. 4,967.

324. 2.

39,018.

3,972.

85,143.

Amount

<11,166.>

<11,166.>

Statement 3

( D)

Fundraising

232,335. 121.

8,061. 287. 570.

4,554. 4,985.

215. 2.

23,022.

274,152.

20 Statement(s) l, 2, 3 12160424 739466 FWFoundation 2007.05010 FreedomWorks Foundation, In FWFOUNDl