freedomworks foundation 521526916 2008 052c0ce8searchable

' t" ' L ••

~ Form 990 Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung

benefit trust or private foundation)

OMB No 1545-0047

2008 Department of the Treasury Internal Rev_enue Service ..... The organ1zat1on may have to use a copy of this return to satisfy state reporting requirements.

Open to Public ltl$p~n

A For the 2008 calendar year, or tax year beginning

B Check ,f applicable

and ending

D Employer identification number

GI 1 Br1eflydescr1betheorgan1zat1on'sm1ss1onormosts1gn1f1cantact1vrt1es Improving the well-being of g American consumers through the promotion and support of economic ca

660.

E 2 Check this box ..... D 1f the organ1zat1on discontinued 1ts operations or disposed of more than 25% of rts assets. ~ GI c:::> i; 3 Number of voting members of the governing body (Part VI, line 1a) l--'-3-+--------...,6=-

"' ~ 4 Number of independent voting members of the governing body (Part VI, line 1 b) 4 5 : ·! 5 Total number of employees (Part V, line 2a) 5

-J :::::, --,

·s: 6 Total number of volunteers (estimate 1f necessary) 6

~

GI :::,

7a

b

8 c 9 I 10 a:

11

12

13 Grants and s1m1lar amounts paid (Part IX, colu

14 Benefits paid to or for members (Part IX, column ), line 4)

g: 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) Ill c 8. )( w

16a Professional fundra1sing fees (Part IX, column (A), line 11e)

b Total fundra1s1ng expenses (Part IX, column (D), line 25) ..... 1,020,940. 17 Other expenses (Part IX, column (A), lines 11 a-11 d, 11f-24f)

18 Total expenses. Add lines 13-17 (must equal Part IX, column (A), line 25)

19 Revenue less ex enses Subtract line 18 from line 12 ~"' a~ "'c: ~fJ 20 Total assets (Part X, line 16)

~ 21 Total l1ab1l1t1es (Part X, line 26) -1.) c: Z.z 22 Net assets or fund balances. Subtract line 21 from line 20

7a

7b

Prior Year 4 010,100.

94 623. 96,728.

4 201 451.

1 443 315.

1 739 281. 3 182,596. 1,018 855.

2

0. 0.

Current Year 2,936 908.

85,623. 126 129.

3,148,660.

1,595 255. 75,500.

1,594 137. 3,264,892.

<116,232.> End of Year 2 521 827.

788 613. 1 733 214.

Under pe a ,es of e~ury, I declare that I have examined this retum, Including accompanying schedules and statements, and to the best of my knowledge and belief, 1t 1s true, correct,

Sign

Here

Paid

and com e Deel lion of reparer (ot than office~ ,s based on all Information of which preparer has any knowledge

President

May the IRS discuss this return with the preparer shown above? (see 1nstruct1ons)

Date

Phone no ..... 703 893-0300 Dves 0No

BJ2001 12-18-08 LHA For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions. Form 990 (2008\lD

See Schedule O for Organization Mission Statement Continuation {;J!;, ~

j• l

.-, Form 990 2008 FreedomWorks Foundation Inc. \ Part Uf Statement of Program Service Accomplishments (see 1nstruct1ons}

52-1526916 ~e2

1 Briefly describe the organ1zat1on's m1ss1on: Improving the well-being of American consumers through the promotion and support of economic education.

2 Did the organization undertake any s1gn1f1cant program services during the year which were not listed on

the prior Form 990 or 990·EZ7

If 'Yes', describe these new services on Schedule 0. 3 Did the organization cease conducting, or make s1gn1f1cant changes ,n how 1t conducts, any program services?

If 'Yes', describe these changes on Schedule 0. 4 Describe the exempt purpose achievements for each of the organ1zat1on's three largest program services by expenses.

Section 501 (c)(3) and 501 (c)(4) organizations and section 494 7(a)(1} trusts are required to report the amount of grants and

allocations to others, the total expenses, and revenue, 1f any, for each program service reported.

4a (Code: } (Expenses $ 6 9 1 , 0 2 9 • including grants of $ ) (Revenue $

0Yes 00No

0Yes 00No

Federal and State Campaigns: Research and education on reforming Federal and state policies in areas such as taxation, social security, fiscal policy, legal reform, school choice and other mission-related issues. Specifically in 2008, Freedomworks Foundation engaged in a nationwide campaign to educate citizens about the federal initiatives to bail out the housing sector. Specifically, Freedomworks Foundation released an analysis of the housing crisis conducted by a professor at the Wharton School, ran an aggressive earned media campaign highlighting the issues, and sponsored a policymaker seminar examining the economics of the housing crisis.

4b (Code: ) (Expenses $ 4 7 0 , 2 6 8 • including grants of $ ) (Revenue $ Public Affairs: Research and education on Federal regulations and the economy by disseminating information through print, broadcast media, and on-line education.

4c (Code: } (Expenses $ 2 8 9 , 7 2 8 • including grants of $ ) (Revenue $ ) Tax & Budget: Promotes lower tax and consumer-focused economic policies through education and research in domestic markets.

4d Other program services. (Descnbe ,n Schedule 0.)

(Expenses $ 5 3 5 , 4 3 3 • 1nclud1ng grants of $ ) (Revenue $ 4e Total program service expenses~$ 1 1 9 8 6 1 4 5 8 • (Must equal Part IX, Line 25, column (B))

832002 12-18-08

2

Form 990 (2008)

·/() 20300511 739466 FWFoundation 2008.03050 FreedomWorks Foundation, In FWFOUNDl

i - i

"' Form 990 (2008) FreedomWorks Foundation, Inc. 52-1526916 Page3 I Part IV I Checklist of Required Schedules

1 Is the organ1zat1on descnbed 1n section 501 (c)(3) or 494 7(a)(1) (other than a pnvate foundation)?

If "Yes," complete Schedule A

2 Is the organ1zat1on required to complete Schedule B, Schedule of Contributors?

3 Dtd the organization engage tn direct or 1nd1rect political campaign act1v1t1es on behalf of or tn oppos1t1on to candidates for

public office? If "Yes," complete Schedule C, Part I

4 Section 501 (c)(3) organizations. Dtd the organ1zat1on engage tn lobbying act1v1t1es? If "Yes," complete Schedule C, Part II

5 Section 501 (c)(4), 501 (c)(5), and 501 (c)(6) organizations. Is the organization subJect to the sect ton 6033(e) notice and

reporting requirement and proxy tax? If "Yes," complete Schedule C, Part II/

6 Dtd the organ1zat1on maintain any donor advised funds or any accounts where donors have the nght to provide advice

on the d1stnbut1on or investment of amounts tn such funds or accounts? If "Yes," complete Schedule D, Part I

7 Dtd the organ1zat1on receive or hold a conservation easement, including easements to preserve open space,

the environment, htstonc land areas, or historic structures? If "Yes," complete Schedule D, Part II

8 Dtd the organ1zat1on ma1nta1n collections of works of art, htstoncal treasures, or other s1m1lar assets? If "Yes," complete

Schedule D, Part Ill

9 Did the organ1zat1on report an amount In Part X, line 21, serve as a custodian for amounts not listed tn Part X; or provide

credit counseling, debt management, credit repair, or debt negot1at1on services? If "Yes," complete Schedule D, Part IV

10 Dtd the organization hold assets tn term, permanent, or quast·endowments? If "Yes," complete Schedule D, Part V

11 Did the organ1zat1on report an amount 1n Part X, lines 10, 12, 13, 15, or 25?

If "Yes," complete Schedule D, Parts VI, VII, VII/, IX, or X as app/tcable

12 Dtd the organ1zat1on receive an audited f1nanc1al statement for the year for which rt ts completing this return that was

prepared tn accordance with GAAP? If "Yes," complete Schedule D, Parts XI, XII, and XIII

13 Is the organ1zat1on a school as descnbed tn sect ton 170(b)(1 )(A)(11)? If "Yes," complete Schedule E

14a Did the organ1zat1on maintain an office, employees, or agents outside of the U.S.?

b Dtd the organ1zat1on have aggregate revenues or expenses of more than $10,000 from grantmaktng, fundra1s1ng, business,

and program service act1vrt1es outside the U.S ? If "Yes," complete Schedule F. Part I

15 Did the organ1zat1on report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organ1zat1on or entity

located outside the United States? If "Yes," complete Schedule F, Part II

16 Did the organ1zat1on report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to 1nd1v1duals

located outside the United States? If "Yes," complete Schedule F, Part Ill

17 Did the organ1zat1on report more than $15,000 on Part IX, column (A), line 11e? If "Yes," complete Schedule G, Part I

18 Did the organ1zat1on report more than $15,000 total on Part VIII, lines 1 c and Ba? If "Yes," complete Schedule G, Part II

19 Did the organ1zat1on report more than $15,000 on Part VIII, line 9a? If "Yes," complete Schedule G, Part Ill

20 Did the organ1zat1on operate one or more hospitals? If "Yes," complete Schedule H

21 Did the organization report more than $5,000 on Part IX, column (A), line 1? If "Yes," complete Schedule I, Parts I and II

22 Did the organ1zat1on report more than $5,000 on Part IX, column (A), line 2? If "Yes," complete Schedule I, Parts I and Ill

23 Dtd the organ1zat1on answer 'Yes' to Part VII, Section A, questions 3, 4, or 5? If "Yes," complete Schedule J

24a Dtd the organization have a tax-exempt bond issue wrth an outstanding principal amount of more than $100,000 as of the

last day of the year, that was issued after December 31, 2002? If "Yes," answer questions 24b-24d and complete Schedule K.

If "No", go to question 25

b Dtd the organ1zat1on invest any proceeds of tax-exempt bonds beyond a temporary period exception?

c Dtd the organ1zat1on ma1nta1n an escrow account other than a refunding escrow at any time dunng the year to defease

any tax-exempt bonds?

d Dtd the organization act as an 'on behalf of' issuer for bonds outstanding at any time dunng the year?

25a Section 501 (c)(3) and 501 (c)(4) organizations. Dtd the organ1zat1on engage tn an excess benefit transaction with a

disqualified person dunng the year? If "Yes," complete Schedule L, Part I

b Dtd the organ1zat1on become aware that rt had engaged tn an excess benefit transaction with a disqualified person from a

pnor year? If "Yes," complete Schedule L, Part I

26 Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or d1squalif1ed

Yes No

x 2 x

3 x 4 x

5

6 x

7 x

8 x

9 x 10 x

11 X

12 X 13 x

14a x

14b x

15 x

16 x 17 X 18 x 19 x 20 x 21 x 22 x 23 X

24a x 24b

24c

24d

25a x

25b x

person outstanding as of the end of the organization's tax year? If "Yes," complete Schedule L, Part II 26 X 27 Did the organ1zat1on provide a grant or other assistance to an officer, director, trustee, key employee, or substantial

contnbutor or to a oerson related to such an tnd1v1dual? If "Yes " comolete Schedule L Part Ill

832003 12-18-08

3

27 x Form 990 (2008)

20300511 739466 FWFoundation 2008.03050 Freedomworks Foundation, In FWFOUNDl

_) Form 990 (2008) Freedomworks Foundation, Inc. 52-1526916 Paae4

I Part IV I Checklist of Required Schedules (contmued)

28 Dunng the tax year, d1d any person who 1s a current or former officer, director, trustee, or key employee:

a Have a direct business relat1onsh1p with the organization (other than as an officer, director, trustee, or employee), or an

indirect business relat1onsh1p through ownership of more than 35% 1n another entity (1nd1v1dually or collectively with other

person(s) listed 1n Part VII, Section A)? If "Yes," complete Schedule L, Part IV

b Have a family member who had a direct or 1nd1rect business relat1onsh1p with the organ1zat1on?

If "Yes," complete Schedule L, Part IV

c Serve as an officer, director, trustee, key employee, partner, or member of an entity (or a shareholder of a professional

corporation) doing business with the organization? If "Yes," complete Schedule L, Part IV

29 Did the organ1zat1on receive more than $25,000 in non-cash contnbut1ons? If "Yes," complete Schedule M

30 Did the organ1zat1on receive contnbut1ons of art, h1stoncal treasures, or other s1m1lar assets, or qualified conservation

contributions? If "Yes," complete Schedule M

31 Did the organization l1qu1date, terminate, or dissolve and cease operations?

If "Yes," complete Schedule N, Part I

32 Did the organ1zat1on sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete

Schedule N, Part II

33 Did the organization own 100% of an entity disregarded as separate from the organ1zat1on under Regulations

sections 301.7701·2 and 301.7701·3? If "Yes," complete Schedule R, Part I

34 Was the organ1zat1on related to any tax-exempt or taxable entity?

If "Yes," complete Schedule R, Parts II, Ill, IV, and V. /me 1

35 Is any related organization a controlled entity within the meaning of section 512(b)(13)?

If "Yes," complete Schedule R, Part V. Ima 2

36 Section 501 (c)(3) organizations. Did the organization make any transfers to an exempt non·chantable related organ1zat1on?

If "Yes," complete Schedule R, Part V. /me 2

37 Did the organization conduct more than 5% of its act1v1t1es through an entity that 1s not a related organization

and that 1s treated as a partnership for federal income tax purposes? If "Yes " como/ete Schedule R Part VI

832004 12-18-08

4

Yes No

28a x

28b x

28c x 29 x

30 x

31 x

32 x

33 x

34 x

35 x

36 x

37 x Form 990 (2008)


_I

Form 990 (2008) FreedomWorks Foundation. Inc. 52-1526916 Paoe5 I Part VI Statements Regarding Other IRS Filings and Tax Compliance

1 a Enter the number reported 1n Box 3 of Form 1096, Annual Summary and Transmrttal of

US. Information Returns Enter -0· If not applicable 1-1,.,a~-------3=-i b Enter the number of Forms W·2G included in line 1 a Enter ·O· 1f not applicable L....1:..:b:........L _______ O.::.i

c Did the organization comply with backup w1thhold1ng rules for reportable payments to vendors and reportable gaming

(gambling) winnings to prize winners?

2a Enter the number of employees reported on Form W·3, Transmrttal of Wage and Tax Statements,

filed for the calendar year ending with or w1th1n the year covered by this return

b If at least one 1s reported on line 2a, did the organ1zat1on file all required federal employment tax returns?

Note. If the sum of lines 1 a and 2a 1s greater than 250, you may be required to e-fl/e this return. (see 1nstruct1ons)

3a Ord the organization have unrelated business gross income of $1,000 or more during the year covered by this return?

b If 'Yes,' has rt filed a Form 990·T for this year? If "No," provide an explanation m Schedule O

4a At any time during the calendar year, did the organ1zat1on have an interest 1n, or a signature or other authority over, a

financial account in a foreign country (such as a bank account, securities account, or other financial account)?

b If 'Yes,' enter the name of the foreign country· ..... --------------------------See the instructions for exceptions and frllng requirements for Form TD F 90·22 .1, Report of Foreign Bank and

F1nanc1al Accounts.

5a Was the organ1zat1on a party to a proh1b1ted tax shelter transaction at any time dunng the tax year?

b Did any taxable party notify the organ1zat1on that 1t was or 1s a party to a prohibited tax shelter transaction?

c If 'Yes,' to question Sa or Sb, did the organization file Form 8886·T, Disclosure by Tax-Exempt Entity Regarding Prohibited

Tax Shelter Transaction?

6a Did the organization solicrt any contnbut1ons that were not tax deductible?

b If 'Yes,' did the organ1zat1on include with every solicrtat1on an express statement that such contributions or gifts

were not tax deductible?

7 Organizations that may receive deductible contributions under section 170(c).

a Did the organ1zat1on provide goods or services in exchange for any quid pro quo contribution of more than $75?

b If 'Yes,• did the organ1zat1on notify the donor of the value of the goods or services provided?

c Did the organization sell, exchange, or otherwise dispose of tangible personal property for which It was required

to file Form 8282?

d If 'Yes,' indicate the number of Forms 8282 filed during the year I 1d I e Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal

benefit contract?

f Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?

g For all contributions of qualified intellectual property, did the organization file Form 8899 as required?

h For contnbut1ons of cars, boats, airplanes, and other vehicles, did the organization file a Form 1098·C as required?

8 Section 501 (c)(3) and other sponsoring organizations maintaining donor advised funds and section 509(a)(3)

supporting organizations. Did the supporting organization, or a fund maintained by a sponsoring organ1zat1on, have

excess business holdings at any time dunng the year?

9 Section 501 (c)(3) and other sponsoring organizations maintaining donor advised funds.

a Did the organ1zat1on make any taxable d1stnbut1ons under section 4966?

b Did the organization make a d1stnbut1on to a donor, donor advisor, or related person?

10 Section 501 (c)(7) organizations. Enter: N / A a ln1t1at1on fees and caprtal contnbut1ons included on Part VIII, line 12

b Gross receipts, included on Form 990, Part VIII, line 12, for public use of club fac11it1es

11 Section 501 (c)(12) organizations. Enter: N / A a Gross income from members or shareholders

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

I 1oa I 10b

11a

0

amounts due or received from them.) '---'-1.:..1::.b_,_ ______ --i

12a

b

Section 494 7(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 1n lieu of Form11041? j

If 'Yes' enter the amount of tax·exemot interest received or accrued dunno the vear N / A I 12b

832005 12·18-08

5

Yes No

1c x

2b

3a x 3b

4a x

5a x 5b x

5c

6a x

6b

7a X 7b X

7c X

7e x 7f x 7a x 7h x

8

9a x 9b x

12a

Form 990 (2008)


I ~ t

.JForm990 2ooa FreedomWorks Foundation Inc. 52-1526916 Pa e6

Part VI G~vemance, Management, and Disclosure (Sections A, B, and C request information about policies not reqwred by the Internal Revenue Code.)

Section A. Governma Bodv and Manaaement

For each "Yes" response to Imes 2-7b below, and for a "No" response to Imes 8 or 9b below, descnbe the circumstances,

processes, or changes ,n Schedule 0. See instructions.

1 a Enter the number of voting members of the governing body li--:1c::a:...+I------~

b Enter the number of voting members that are independent I 1 b I 6 5 ~~~------~

2 Did any officer, director, trustee, or key employee have a family relat1onsh1p or a business relat1onsh1p with any other

officer, director, trustee, or key employee?

3 Did the organ1zat1on delegate control over management duties customarily performed by or under the direct superv1s1on

of officers, directors or trustees, or key employees to a management company or other person?

4 Did the organization make any s1gnlf1cant changes to its organ1zat1onal documents since the pnor Form 990 was filed?

5 Did the organ1zat1on become aware dunng the year of a matenal d1vers1on of the organ1zat1on's assets?

6 Does the organ1zat1on have members or stockholders?

7a Does the organ1zat1on have members, stockholders, or other persons who may elect one or more members of the

governing body?

b Are any dec1s1ons of the governing body subject to approval by members, stockholders, or other persons?

8 Did the organization contemporaneously document the meetings held or written actions undertaken during the year

by the following·

a The governing body?

b Each committee with authority to act on behalf of the governing body?

9a Does the organ1zat1on have local chapters, branches, or affiliates?

b If 'Yes,' does the organization have written policies and procedures governing the act1v1t1es of such chapters, affll1ates,

and branches to ensure their operations are consistent with those of the organization?

10 Was a copy of the Form 990 provided to the organization's governing body before rt was filed? All organ1zat1ons must

describe in Schedule O the process, 1f any, the organ1zat1on uses to review the Form 990

11 Is there any officer, director or trustee, or key employee listed in Part VII, Section A, who cannot be reached at the

oraanizat1on's ma11ina address? If "Yes " orov1de the names and addresses m Schedule O

Section B. Policies

12a Does the organ1zat1on have a written conflict of interest policy? If "No," go to /me 13

b Are officers, directors or trustees, and key employees required to disclose annually interests that could give rise

to conflicts?

c Does the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," descnbe

,n Schedule O how this is done

13 Does the organization have a written wh1stleblower policy?

14 Does the organ1zat1on have a wntten document retention and destruction policy?

15 Did the process for determining compensation of the following persons include a review and approval by independent

persons, comparability data, and contemporaneous substant1at1on of the del1berat1on and dec1s1on:

a The organ1zat1on's CEO, Executive Director, or top management official?

b Other officers or key employees of the organ1zat1on?

Descnbe the process in Schedule O (see 1nstruct1ons)

16a Did the organization invest 1n, contnbute assets to, or part1c1pate in a Joint venture or s1m1lar arrangement with a

taxable entity dunng the year?

b If 'Yes,' has the organ1zat1on adopted a written policy or procedure requmng the organization to evaluate its part1c1pat1on

in Joint venture arrangements under applicable federal tax law, and taken steps to safeguard the organization's

exemot status wrth resoect to such arranaements?

Section C. Disclosure

Yes

2

3

4

5

6

7a

7b

8a x 8b x 9a

9b

10 x

11

Yes

12a x

12b x

12c x 13 x 14 x

15a x 15b x

16a

16b

No

x

x x x x

x x

x

x

No

x

17 l.Jst the states with which a copy of this Form 990 1s required to be filed .... AL, AK, AR, AZ, CA, CO, CT, DE, FL, GA, HI, ID 18 Section 6104 requires an organ1zat1on to make its Forms 1023 (or 1024 1f applicable), 990, and 990·T (501 (c)(3)s only) available for

19

20

public inspection. Indicate how you make these available. Check all that apply

IX] Own website IXJ Another's website IXJ Upon request

Descnbe 1n Schedule O whether (and If so, how), the organ1zat1on makes rts governing documents, conflict of interest policy, and financial

statements available to the public.

State the name, physical address, and telephone number of the person who possesses the books and records of the organ1zat1on: .... ___ _

The Organization - 202-783-3870 601 Pennsylvania Ave., NW, N. Bldg., Ste 700, Washington, DC 20004

~~lW-is See Schedule O for full list of states Form 990 (2008) 6


I -

""Form990 2000 Freedomworks Foundation Inc. 52-1526916 ~ Part VII Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated

Employees, and Independent Contractors

Pa e7

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees

1a Complete this table for all persons required to be listed Use Schedule J·2 1f add1t1onal space IS needed.

• List all of the organization's current officers, directors, trustees (whether 1nd1v1duals or organ1zat1ons), regardless of amount of compensation, and current key employees. Enter -0· tn columns (D), (E), and (F) 1f no compensation was paid.

• List the organ1zat1on's five current highest compensated employees (other than an officer, director, trustee, or key employee) who received reportable compensation (Box 5 of Form W·2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the organ1zat1on and any related organ1zat1ons.

• List all of the organ1zat1on's former officers, key employees, and highest compensated employees who received more than $100,000 of reportable compensation from the organ1zat1on and any related organ1zat1ons

• List all of the organization's former directors or trustees that received, tn the capacity as a former director or trustee of the organ1zat1on, more than $10,000 of reportable compensation from the organization and any related organ1zat1ons

List persons In the following order: tnd1v1dual trustees or directors; 1nst1tut1onal trustees; officers; key employees; highest compensated employees; and former such persons.

D Check this box 1f the oraan1zat1on did not comoensate anv officer director trustee or key emolovee.

(A) (B) (C) (0) (E) (F)

Name and Trtle Average Posrt1on Reportable Reportable Estimated hours (check all that apply) compensation compensation amount of per 0 from from related other

week ii the organ1zat1ons compensation '6 -0

0 !! .. organization (W-211099·MISC) from the

! ~ (W·211099-MISC) organization g I r 1! and related

~ 0 t :! a el I organ1zat1ons I j1 5 ~ H Matt Kibbe President 23.00 x x 157,901. 121,471. 20,136. Hon. Richard K. Armey Chairman 22.00 x 300,000. 250,000. o. Ted Abram Board Member 1.00 x o. 0. 0. Steve Forbes Board Member 1.00 x 0. 0. 0 . Robert Lansing Board Member 1.00 x o. 0. 0. Frank Sands Board Member 1.00 x 0. 0. 0. Judy Mulcahy VP of Operations/Treasur 23.00 x 89,396. 68,770. 18,110. Wayne Brough VP of Research/Secretary 23.00 x 80,699. 62,081. 11,895. Mary Byrne VP of Development 23.00 x 81,450. 62,659. 7,548. Jaclynne Brown VP of External Affairs 23.00 x 73,735. 56,723. 15,785. Richard Walker OR State Director 23.00 x 65,623. 50,482. 14,927. John Jordan VP Fed. & State camoaiqn 23.00 x 60,792. 46,766. 12,079. Chris Kinnan VP Interactive Technoloq 23.00 x 77,451. 59,582. 8.124.

1!32007 12-18-08 Form 990 (2008) 7


Form 990 (2008) FreedomWorks Foundation, Inc. 52-1526916 Page8 I Part VH I Section A. Officers Directors Trustees Key Emplovees and Hiahest Comoensated Emolo, ees (continued)

(A) (B) (C) (D) (E) (F)

Name and trtle Average Posrt1on Reportable Reportable Estimated hours (check all that apply) compensation compensation amount of per

B from from related other

week the organizations compensation "6 "C>

l;

! l!I organization (W·2/1099·MISC) from the

I ~ (W·2/1099·M ISC) organ1zat1on l ~

~ ! f i! and related a i J organ1zat1ons I ~ s l~

1 b Total ~ 987,047. 778,534. 108,604. 2 Total number of 1nd1v1duals (1nclud1ng those in 1a) who received more than $100,000 1n reportable

comoensat1on from the oraan1zat1on 2 Yes No

3 Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on

line 1 a? If "Yes," complete Schedule J for such 1nd1v1dua/ 3 x 4 For any 1nd1v1dual listed on line 1a, IS the sum of reportable compensation and other compensation from the organization

and related organizations greater than $150,000? If "Yes," complete Schedule J for such tnd1vidua/ 4 x 5 Did any person listed on line 1a receive or accrue compensation from any unrelated organ1zat1on for services rendered to

the oraan1zat1on? If "Yes "comolete Schedule J for such oerson 5 x Section B. Independent Contractors

1 Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from

the oraan1zat1on.

(A) (B) (C) Name and business address Descnpt1on of services Compensation

Kevin Mannix PLC 2003 State Street, Salem, OR 97301 ILeqal services 171,000.

2 Total number of independent contractors ~nclud1ng those in 1) who rece1Ved more than $100,000 1n compensation

from the oraan1zat1on ~ 1 Form 990 (2008)

832008 12-18-08

8 20300511 739466 FWFoundation 2008.03050 Freedomworks Foundation, In FWFOUNDl

I• I,.

Form 990 (2008) F ree om or d w k s Foun d at1.on, I nc. I Part VIII J Statement of Revenue

. 111111 1 a Federated campargns 1a .... Cc I!:, b Membershrp dues 1b CJ>O -E c Fundrarsrng events 1c ~~ CJ>.!!! d Related organrzatrons 1d ,te e Government grants (contrrbutrons) 1e C·-0111

f All other contrrbutrons, grfts, grants, and ·-... .. cu ,S.c srmrlar amounts not rncluded above 1f 2936908. :so C'tl oc g Noncash contnbut,ons included 1n lines 1 a-1t $

O cu h Total. Add lines 1a·1f ~

Business Code cu 2 a u -~ cu b cu ::, enc c E~

d I! cu c,a: e 0 ... a. f All other program servrce revenue

Q Total. Add ltnes 2a-2f ~

3 Investment rncome Oncludrng drvrdends, interest, and

other srmrlar amounts) ~

4 Income from investment of tax-exempt bond proceeds ~

5 Royalties ~

(i) Real Crrl Personal

6 a Gross Rents 126,129. b Less: rental expenses

c Rental rncome or (loss) 126,129. d Net rental rncome or (loss) ~

7 a Gross amount from sales of Ir\ Securrtres (11\ Other

assets other than inventory

b Less: cost or other basrs

and sales expenses

c Garn or (loss)

d Net garn or (loss) ~

cu 8 a Gross rncome from fundrarsrng events (not ::,

rncludrng $ of c cu > contrrbutrons reported on lrne 1 c). See cu a:

Part IV, lrne 18 ... a cu .c b Less: drrect expenses b 6 c Net rncome or (loss) from fundrarsrng events ~

9 a Gross rncome from gamrng actrvrtres See

Part IV, lrne 19 a

b Less: drrect expenses b

c Net rncome or (loss) from gamrng actrvrtres ~

10 a Gross sales of inventory, less returns

and allowances a

b Less: cost of goods sold b

c Net rncome or Closs\ from sales of rnventorv ~

Mrscellaneous Revenue Business Code

11 a

b

c

d All other revenue

e Total. Add lrnes 11a·11d ~

12 Total Revenue. Add lines 1h 2a 3 4 5 6d 7d Be 9c 10c and 1 le ~ 832009 02-02-09

(A) Total revenue

2,936,908.

85,623.

126,129.

3,148,660.

9

- 5 52 1 26916 Page9

(B) (C) (D)

Related or Unrelated Revenue

exempt functron business excluded from

tax under revenue revenue sections 512,

513,or514

85,623.

126,129.

0. 0. 211,752. Form 990 (2008)


1 • ..

._.,Form~ 2008 Freedomworks Foundation Part 1X St~tement of Functional Expenses

Inc. 5 2 -15 2 6 9 16 Pa e 10

Section 501 (c)(3) and 501 (c)(4) organizations must complete all columns. All other organizations must complete column (A) but are not required to complete columns (B), (C) and (D)

' Do not include amounts reported on lines 6b, (A) (B) (C) JD) 7b, Sb, 9b, and 10b of Part VIII. Total expenses Program service Management and Fun ra1s1ng

exoenses aeneral exoenses exoenses 1 Grants and other assistance to governments and

organizations m the US See Part IV, lme 21

2 Grants and other assistance to 1nd1v1duals In

the U.S. See Part IV, line 22

3 Grants and other assistance to governments,

organ1zat1ons, and 1nd1v1duals outside the U.S.

See Part IV, lines 15 and 16

4 Benefits paid to or for members

5 Compensation of current officers, directors,

trustees, and key employees 656,926. 423.932. 31,053. 201,941. 6 Compensation not included above, to disqualified

persons (as defined under section 4958(f)(1)) and

persons described m section 4958(c)(3)(B)

7 Other salaries and wages 794.672. 486.344. 68,201. 240,127. 8 Pension plan contributions (include section 401 (k)

and section 403(b) employer contributions) 12,062. 7.382. l, 0 35. 3,645. 9 Other employee benefits 54,165. 33,149. 4,649. 16,367.

10 Payroll taxes 77,430. 47.387. 6,646. 23,397. 11 Fees for services (non-employees)

a Management

b Legal 224,627. 214,172. 10,455. c Accounting 95,802. 58,631. 8,220. 28,951. d Lobbying

e Professional fundra1smg services See Part IV, lme 17 75,500. 75,500. f Investment management fees

g Other 34,254. 23,463. 48. 10,743. 12 Advertising and promotion 36,407. 33.907. 2,500. 13 Office expenses 53,502. 23,256. 20,244. 10,002. 14 Information technology 115,421. 94.996. 4.517. 15,908. 15 Royalties

16 Occupancy 406.946. 249.245. 34,873. 122,828. 17 Travel 253,468. 171,830. 3,524. 78,114. 18 Payments of travel or entertainment expenses

for any federal, state, or local public officials

19 Conferences, conventions, and meetings 44,348. 18.520. 68. 25,760. 20 Interest

21 Payments to affiliates

22 Deprec1at1on, depletion, and amort1zat1on 28,098. 17,196. 2,411. 8,491. 23 Insurance 24,106. 14.753. 2,068. 7,285. 24 Other expenses Itemize expenses not covered

above (Expenses grouped together and labeled miscellaneous may not exceed 5% of total expenses shown on Ima 25 below )

a Miscellaneous 77,565. 3,626. 15.922. 58,017. b Telecommunications 58,144. 34,962. 8,867. 14,315. c Printing 50,480. 10,584. 3.422. 36,474. d Postage 26,153. 5.403. 4,951. 15,799. e Database management 25,854. 20,548. 5,306. f All other expenses 38.962. 13.720. 5,772. 19,470.

25 Total functional exoenses. Add Imes 1 throuah 241 3,264,892. 1,986,458. 257,494. 1,020,940. 26 Joint Costs. Check here ~ D rtfollowmg

SOP 98·2 Complete this lme only rt the organization

reported m column (B) Joint costs from a combined

educational camoa1an and fundra1smo sol1c1tat1on

832010 12-18-08 Form 990 (2008)


• Form 990 (2008) Free d omworks Foundation, Inc. 52-1526916 Paoe 11 I Part X I Balance Sheet

(A) (B) Beginning of year End of year

1 Cash · non·interest·beanng 830,784. 1 892,638. 2 Savings and temporary cash investments 176. 2 178. 3 Pledges and grants receivable, net 43,650. 3 153,500. 4 Accounts receivable, net 4

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

employees, or other related parties. Complete Part II of Schedule L 5

6 Receivables from other d1squahfied persons (as defined under section

4958(f)(1)) and persons described 1n section 4958(c)(3)(B). Complete

Part II of Schedule L 6

"' 7 Notes and loans receivable, net 7 ... CII

Inventories for sale or use "' 8 8 ~ 9 Prepaid expenses and deferred charges 5,818. 9 7,617.

10a Land, buildings, and equipment: cost basis 10a

b Less: accumulated deprec1at1on. Complete

Part VI of Schedule D 10b 10c

11 Investments· publicly traded securities 267.206. 11 162,178. 12 Investments· other securities. See Part IV, hne 11 1.591.879. 12 1,305,716. 13 Investments· program-related. See Part IV, hne 11 13

14 Intangible assets 14

15 Other assets. See Part IV, hne 11 15

16 Total assets. Add lines 1 throuah 15 (must eaual hne 34\ 2,739,513. 16 2,521.827. 17 Accounts payable and accrued expenses 50.075. 17

18 Grants payable 18

19 Deferred revenue 19

20 Tax·exempt bond hab1ht1es 20

"' 21 Escrow account hab1l1ty Complete Part IV of Schedule D 21 CII

~ 22 Payables to current and former officers, directors, trustees, key employees, :s highest compensated employees, and d1squahf1ed persons Complete Part II "' :.J of Schedule L 22

23 Secured mortgages and notes payable to unrelated third parties 23

24 Unsecured notes and loans payable 24

25 Other hab1ht1es. Complete Part X of Schedule D 181.726. 25 788,613. 26 Total liabilities. Add lines 17 throuah 25 231. 801. 26 788,613.

Organizations that follow SFAS 117, check here ~ [X] and complete

"' lines 27 through 29, and lines 33 and 34. CII u 27 Unrestricted net assets 872,184. 27 273,998. c

"' 1.635.528. 1,459,216. iii 28 Temporarily restncted net assets 28 CD "C 29 Permanently restncted net assets 29 c

Dand :I Organizations that do not follow SFAS 117, check here ~ LI. .. complete lines 30 through 34. 0 Ill 30 Capital stock or trust principal, or current funds 30 ... CII

"' 31 Pa1d·1n or capital surplus, or land, bu1ld1ng, or equipment fund 31 ~ ... 32 Retained earnings, endowment, accumulated income, or other funds 32 CII z 33 Total net assets or fund balances 2,507.712. 33 1,733,214.

34 Total l1ab1l1t1es and net assets/fund balances 2.739.513. 34 2,521,827. I Part )0 I Financial Statements and Reoortina

Yes No

1 Accounting method used to prepare the Form 990: Dcash [X] Accrual D Other

2a Were the organization's f1nanc1al statements compiled or reviewed by an independent accountant? 2a x b Were the organization's financial statements audited by an independent accountant? 2b x c If 'Yes' to lines 2a or 2b, does the organ1zat1on have a committee that assumes respons1b1l1ty for oversight of the audit,

review, or comp1lat1on of Its financial statements and selection of an independent accountant? 2c x 3a As a result of a federal award, was the organization required to undergo an audit or audits as set forth In the Single Audit

Act and OMB Circular A·133? 3a x b If 'Yes 'd1d the oraan1zat1on underao the reau1red audit or audits? 3b

832011 12-18-08 Form 990 (2008) 11


SCHEDULE A (Form 990 or ~90-EZ)

Department.of the Treasury Internal Revenue Serv,ce

Public Charity Status and Public Support To be completed by all section 501(c)(3) organizations and section 4947(a)(1)

nonexempt charitable trusts.

.... Attach to Form 990 or Form 990-EZ. .... See separate instructions.

OMB No 1545-0047

2008 Open 10 Public

Inspection Name of the organization Employer identification number

Freedomworks Foundation Inc. PartJ Reason for Public Charity Status (All organizations must complete this part.) (see instructions)

The organ1zat1on 1s not a private foundation because It is: (Please check only one organization.)

1 D A church, convention of churches, or assoc1at1on of churches described 1n section 170(b)(1 )(A)(i).

2 D A school described rn section 170(bl(1)(A)(ii). (Attach Schedule E.)

52-1526916

3 D A hospital or a cooperative hospital service organ1zat1on described 1n section 170(b)(1)(A)(iii). (Attach Schedule H)

4 D A medical research organ1zat1on operated 1n con1unct1on with a hospital described 1n section 170(b)(1 )(A)(iii). Enter the hospital's name,

city, and state=-------------------------------------------5 D An organ1zat1on operated for the benefit of a college or university owned or operated by a governmental unit descnbed 1n

section 170(bl(1)(A)(iv). (Complete Part II.)

6 D A federal, state, or local government or governmental unit described In section 170(b)(1)(A)(v).

7 [X] An organization that normally receives a substantial part of its support from a governmental unit or from the general public described rn

section 170(b)(1)(A)(vi). (Complete Part 11.)

8 D A community trust described 1n section 170(b)(1)(A)(vi). (Complete Part II.)

9 D An organization that normally receives: (1) more than 33 1/3% of Its support from contributions, membership fees, and gross receipts from

act1vlt1es related to Its exempt functions· subject 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 organ1zat1on after June 30, 1975.

See section 509(a)(2). (Complete the Part Ill )

10 D An organization organized and operated exclusively to test for public safety. See section 509(a)(4). (see 1nstruct1ons)

11 D An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or

more publicly supported organ1zat1ons descnbed rn section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box that

descnbes the type of supporting organ1zat1on and complete Imes 11 e through 11 h.

a D Type I b D Type II c D Type Ill · Functionally integrated d D Type Ill · Other

e D By checking this box, I certify that the organization 1s not controlled directly or indirectly by one or more disqualified persons other than

foundation managers and other than one or more publicly supported organizations described In section 509(a)(1) or section 509(a)(2).

9

If the organization received a written determ1nat1on from the IRS that rt IS a Type I, Type II, or Type Ill

supporting organization, check this box

Since August 17, 2006, has the organ1zat1on accepted any gift or contribution from any of the following persons?

D

(i) A person who directly or indirectly controls, either alone or together with persons descnbed In (IQ and ~11) below,

the governing body of the supported organization?

Yes No

(ii) A family member of a person described rn (Q above?

(iii) A 35% controlled entity of a person described 1n (1) or (11) above?

h Provide the following 1nformat1on about the organ1zat1ons the organ1zat1on supports.

(i) Name of supported (ii) EIN (1i1) Type of :iv) Is the organization (v) Did you notify the (v1) Is the (vii) Amount of organization

organization n col (i) listed m your organization m col organization m col support (described on Imes 1-9 governmg document? (I) of your support?

(i) organized m the above or IRC section US? (see Instructions)) Yes No Yes No Yes No

Total

LHA J:'or Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule A (Form 990 or 990-EZ) 2008

832021 12-17-08


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

• ScheduleA Form990or990·E 2008 FreedomWorks Foundation Inc. 52-1526916 Pa e2 • Pc;irl: H ~upport Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)

(Complete only 1f you checked the box on line 5, 7, or 8 of Part I.)

Sf APbl"S rt ec1on u IC UDDO Calendar year (or fiscal year begmnmg m) .... lal 2004 (bl 2005 lcl 2006 Id\ 2007 lel 2008 m Total

1 Gifts, grants, contnbut1ons, and

membership fees received. (Do not include any 'unusual grants.') 2611269. 3684002. 4157870. 4010100. 2936908. 17400149.

2 Tax revenues levied for the organ·

1zat1on's benefit and either paid to

or expended on its behalf

3 The value of services or fac1lrt1es furnished by a governmental unit to

the organ1zat1on without charge

4 Total. Add lines 1 • 3 2611269. 3684002. 4157870. 4010100. 2936908. 17400149. 5 The portion of total contributions

by each person (other than a

governmental unit or publicly

supported organ1zat1on) included

on line 1 that exceeds 2% of the

amount shown on lme 11,

column (f) 6439145. 6 Public Suooort. Subtract line 5 from line 4 10961004.

s f ec ion BT t IS oa UDDOrt Calendar year (or fiscal year begmnmg m) .... la) 2004 lb) 2005 (cl 2006 ldl 2007 (el 2008 If) Total

7 Amounts from line 4 2611269. 3684002. 4157870. 4010100. 2936908. 17400149. 8 Gross income from interest,

d1v1dends, payments received on

secunt1es loans, rents, royalties

and income from s1m1lar sources 60,745. 145,567. 266,363. 190,851. 211,752. 875,278. 9 Net income from unrelated business

act1v1t1es, whether or not the

business IS regularly earned on

10 Other income. Do not include gain

or loss from the sale of capital

assets (Explain 1n Part IV.) 18,312. 6,606. 214. 500. 25,632. 11 Total support. Add Imes 7 through 10 18301059. 12 Gross receipts from related act1v1t1es, etc. (see 1nstruct1ons) 12 I 13 First five years. If the Form 990 1s for the organ1zat1on's first, second, third, fourth, or fifth tax year as a section 501 (c)(3)

organization, check this box and stop here Section C. Computation of Public Support Percentage 14 Public support percentage for 2008 (line 6, column (f) d1v1ded by line 11, column (f))

15 Public support percentage from 2007 Schedule A, Part IV·A, line 26f

14

15

59.89 60.10

16a 33 1/3% support test - 2008. If the organ1zat1on did not check the box on line 13, and line 14 1s 33 1/3% or more, check this box and

%

%

stop here. The organ1zat1on qualifies as a publicly supported organization .... [XJ b 33 1/3% support test - 2007. If the organ1zat1on did not check a box on line 13 or 16a, and Ima 15 1s 33 1/3% or more, check this box

and stop here. The organ1zat1on qualifies as a publicly supported organ1zat1on .... D 17a 10% -facts-and-circumstances test - 2008. If the organ1zat1on did not check a box on line 13, 16a, or 16b, and line 14 1s 10% or more,

and If the organ1zat1on meets the 'facts·and·c1rcumstances' test, check this box and stop here. Explain in Part IV how the organ1zat1on

meets the 'facts·and·c1rcumstances' test. The organization qualifies as a publicly supported organization

b 10% -facts-and-circumstances test - 2007. If the organ1zat1on did not check a box on line 13, 16a, 16b, or 17a, and Ima 15 1s 10% or

more, and If the organization meets the 'facts·and·c1rcumstances' test, check this box and stop here. Explain 1n Part IV how the

organization meets the 'facts·and·c1rcumstances' test. The organ1zat1on qualifies as a publicly supported organ1zat1on

18 Private foundation. If the organ1zat1on did not check a box on line 131 16a1 16b 1 17a, or 17b 1 check this box and see 1nstruct1ons

832022 12·17·08

20300511 739466 FWFoundation

Schedule A (Form 990 or 990-EZ) 2008

13 2008.03050 Freedomworks Foundation, In FWFOUNDl

.. Schedule A Form 990 or 990·E 2008 Pa e 3

HI Support Schedule for Organizations Described in Section 509(a)(2) Com lete onl 1f ou checked the box on lme g of Part I S f A P bl" S rt ec ion u IC uppo Calendar year (or fiscal year begmnmg m)~ (a) 2004 (b) 2005 le) 2006 Id\ 2007 (e) 2008 (f) Total

1 Gifts. grants, contnbut1ons. and

membership fees received (Do not

include any 'unusual grants ')

2 Gross receipts from adm1ss1ons, merchandise sold or services per· formed, or fac11it1es furnished 1n any act1v1ty that 1s related to the organ1zat1on's tax-exempt purpose

3 Gross receipts from act1v1t1es that

are not an unrelated trade or bus· mess under section 513

4 Tax revenues levied for the organ·

1zat1on's benefit and either paid to

or expended on Its behalf

5 The value of services or fac11it1es furnished by a governmental unit to

the organization without charge

6 Total. Add lines 1 · 5

7a Amounts included on lines 1, 2, and

3 received from disqualified persons b Amounts included on lines 2 and 3 received

from other than disqualified persons that exceed the greater of 1 % of the total of Imes 9, 10c, 11, and 12 forthe year or $5,000

c Add Imes 7a and 7b

8 Public sunnort /Subtract line 7c from line 6 l

s ect1on BT . ota IS upport Calendar year (or fiscal year beginning m)~ la) 2004 lb) 2005 le) 2006 Id\ 2007 le) 2008 (f) Total

9 Amounts from line 6 1 Oa Gross income from interest,

d1v1dends, payments received on securities loans, rents, royalties and income from s1m1lar sources

b Unrelated business taxable mcome

(less section 511 taxes) from businesses

acquired after June 30, 1975

c Add lines 1 Oa and 1 Ob 11 Net income from unrelated business

act1vrt1es not included 1n line 1 Ob, whether or not the business 1s regularly earned on

12 Other income. Do not include gain or loss from the sale of capital assets (Explain 1n Part IV.)

13 Total support (Add Imes 9, 10c, 11, and 12)

14 First five years. If the Form 990 IS for the organ1zat1on's first, second, third, fourth, or fifth tax year as a section 501 (c)(3) organ1zat1on,

check this box and stop here

Section C. Com utation of Public Su ort Percenta e 15 Public support percentage for 2008 (line 8, column (I) d1v1ded by line 13, column (I))

16 Public su rt ercenta e from 2007 Schedule A Part IV·A line 27

Section D. Com utation of Investment Income Percenta e 17 Investment income percentage for 2008 (line 1 Oc, column (I) d1v1ded by line 13, column (I))

18 Investment income percentage from 2007 Schedule A, Part IV·A, line 27h

15

16

17

18

19a 33 1/3% support tests - 2008. If the organ1zat1on did not check the box on line 14, and line 15 1s more than 33 1/3%, and line 17 1s not

more than 33 1/3%, check this box and stop here. The organ1zat1on qual1f1es as a publicly supported organization

b 331/3% support tests - 2007. If the organization d1d not check a box on line 14 or line 19a, and line 16 1s more than 33 1/3%, and

%

%

%

%

line 18 IS not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organ1zat1on ~ D 20 Private foundation. If the organization did not check a box on line 141 19a, or 19b. check this box and see instructions ~ D

Schedule A (Form 990 or 990-EZ) 2008

832023 12-17-08


OMB No 1545-0047 . ·schedule D Supplemental Financial Statements 2008 ... (Form 990)

Department of the Treasury Internal Revenue Service

• Attach to Form 990. To be completed by organizations that answered "Yes," to Form 990, Part IV, line 6, 7, 8, 9, 10, 11, or 12.

Opef1. to Pubfic lnspeqtion

Name of the organization Employer identification number Freedomworks Foundation Inc. 52-1526916

Part I Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. complete 1f the

organ1zat1on answered 'Yes' to Form 990, Part IV, line 6. (a) Donor advised funds (b) Funds and other accounts

1 Total number at end of year

2 Aggregate contnbut1ons to (dunng year)

3 Aggregate grants from (dunng year)

4 Aggregate value at end of year

5 Did the organ1zat1on inform all donors and donor advisors 1n wnt1ng that the assets held 1n donor advised funds

are the organ1zat1on's property, subject to the organization's exclusive legal control?

6 Did the organization inform all grantees, donors, and donor advisors in wnt1ng that grant funds may be used only

for chantable ur oses and not for the benefit of the donor or donor advisor or other 1m erm1ss1ble nvate benefit? Part U Conservation Easements. Com lete 1f the organ1zat1on answered 'Yes' to Form 990, Part IV, line 7.

1 Purpose(s) of conservation easements held by the organ1zat1on (check all that apply).

0Yes

0Yes

D Preservation of land for public use (e.g., recreation or pleasure) D Preservation of an h1stoncally important land area

D Protection of natural habitat D Preservation of certified h1stonc structure

D Preservation of open space

0No

0No

2 Complete lines 2a-2d If the organization held a qualified conservation contnbut1on In the form of a conservation easement on the last day

of the tax year.

Held at the End of the Year

a Total number of conservation easements

b Total acreage restricted by conservation easements

c Number of conservation easements on a certified h1stonc structure included in (a)

d Number of conservation easements included 1n (c) acquired after 8/17 /06

2a

2b

2c

2d

3 Number of conservation easements mod1f1ed, transferred, released, extinguished, or terminated by the organization dunng the taxable year• ______ _

4 Number of states where property subject to conservation easement 1s located •

5 Does the organization have a wntten policy regarding the penod1c monrtonng, 1nspect1on, v1olat1ons, and

enforcement of the conservation easements rt holds?

6 Staff or volunteer hours devoted to monitoring, inspecting, and enforcing easements dunng the year•

7 Amount of expenses incurred 1n mon1tonng, inspecting, and enforcing easements dunng the year• $ ______ _ 8 Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(8)(1)

and section 170(h)(4)(8)(11)?

0Yes

0Yes

0No

0No

9 In Part XIV, descnbe how the organization reports conservation easements 1n rts revenue and expense statement, and balance sheet, and

include, 1f applicable, the text of the footnote to the organ1zat1on's f1nanc1al statements that descnbes the organization's accounting for

conservation easements.

I Part IH I Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets. Complete 1f the organ1zat1on answered 'Yes' to Form 990, Part IV, line 8.

1 a If the organization elected, as permitted under SFAS 116, not to report in rts revenue statement and balance sheet works of art, h1stoncal

treasures, or other s1m1lar assets held for public exh1brt1on, education, or research In furtherance of public service, provide, in Part XIV, the text of

the footnote to rts financial statements that describes these rtems.

b If the organization elected, as permitted under SFAS 116, to report in rts revenue statement and balance sheet works of art, h1stoncal treasures,

or other s1m1lar assets held for public exh1b1t1on, education, or research 1n furtherance of public service, provide the following amounts relating to

these rtems:

(i) Revenues included 1n Form 990, Part VIII, line 1

(ii) Assets included 1n Form 990, Part X

• $ ______ _ • $ ________ _

2 If the organ1zat1on received or held works of art, histoncal treasures, or other similar assets for financial gain, provide

the following amounts required to be reported under SFAS 116 relating to these items:

a Revenues included in Form 990, Part VIII, line 1

b Assets included in Form 990, Part X

LHA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.

832051 12-23-08

18

• $ ______ _

• $ ________ _

Schedule D (Form 990) 2008


I ... • ScheduleD Form990 2008 FreedomWorks Foundation Inc. 52-1526916 Pa e2

Part tH Or anizations Maintainin Collections of Art Historical Treasures or Other Similar Assets continue

3 Usrng the organrzatron's accessron and other records, check any of the following that are a srgnrfrcant use of rts collection rtems (check all that apply)

a O Publrc exhrbrtron d D Loan or exchange programs

b D Scholarly research e D Other ~~~~~~~~~~~~~~~~~~~~~~~

c D Preservation for future generatrons

4 Provrde a descnptron of the organrzatron's collections and explarn how they further the organrzatron's exempt purpose rn Part XIV.

5 Dunng the year, drd the organrzatron solicrt or recerve donations of art, hrstoncal treasures, or other srmrlar assets

to be sold to rarse funds rather than to be marntarned as art of the or anrzatron's collection? D Yes D No

Part IV Trust, Escrow and Custodial Arrangements. Complete rf organrzatron answered 'Yes' to Form 990, Part IV, lrne 9, or reported an amount on Form 990, Part X, line 21.

1 a Is the organrzatron an agent, trustee, custodran or other rntermedrary for contnbutrons or other assets not included

on Form 990, Part X?

b If 'Yes,' explarn the arrangement rn Part XIV and complete the followrng table:

c Begrnnrng balance

d Addrtrons dunng the year

e Drstnbutrons dunng the year

Endrng balance

2a Ord the organrzatron rnclude an amount on Form 990, Part X, line 21?

b If 'Yes 'exolarn the arranaement rn Part XIV.

I PartV I Endowment Funds. Comolete rf organrzatron answered 'Yes' to Form 990, Part IV, line 10.

1c

1d

1e

1f

0Yes 0No

Amount

0Yes 0No

(al Current vear (bl Pnor vear (cl Two vea rs back ldl Three years back (el Four years back

1a Begrnnrng of year balance

b Contnbutrons

c Investment earnrngs or losses

d Grants or scholarshrps

e Other expenditures for facrlrtres

and programs

f Admrnrstratrve expenses

9 End of year balance

2 Provrde the estimated percentage of the year end balance held as a Board desrgnated or quasr·endowment .... %

b Permanent endowment .... %

c Term endowment .... %

3a Are there endowment funds not rn the possession of the organrzatron that are held and admrnrstered for the organrzatron

by:

(i) unrelated organrzatrons

(ii) related organrzatrons

b If 'Yes' to 3a(rr), are the related organrzatrons listed as requrred on Schedule R?

4 D P XV f h d f d escnbe rn art I the intended uses o t e oraanrzatron sen owment un s. I Part VI I Investments - Land, Buildings, and Equipment. See Form 990, Part x. lrne 1 o.

Descrrptron of investment (a) Cost or other (b) Cost or other basrs (rnvestment) basrs (other)

1a Land

b Burldrngs

c Leasehold rmprovements

d Equrpment

e Other Total. Add lrnes 1 a·1 e. (Column (di should eaual Form 990 Part X column fRI /me 10(cl I

(c) Deprecratron

....

Yes No

3alil

3a(iil

3b

(d) Book value

0 • Schedule D (Form 990) 2008

832052 12·23·08


.. Schedule D (Form 990) 2008 FreedomWor k s Foundation, Inc. 52-1526916 Paae3 I Part VIII Investments - Other Securities. See Form 990, Part x. line 12.

(a) Description of security or category (b) Book value (c) Method of valuation:

(1nclud1ng name of security) Cost or end·of·year market value

F1nanc1al derivatives and other financial products

Closely-held equity interests l,305,716. End-of-Year Market Value Other

Total. ICol lb\ should eaual Form 990 Part X col IB\ line 12 \ ... 1,305,716. I Part VIII I Investments - Proaram Related. See Form 990 Part x line 13.

(a) Description of investment type (b) Book value (c) Method of valuation: Cost or end-of·year market value

Total. ICol lb\ should eaual Form 990 Part X col IB\ line 13 l ... I Part IX I Other Assets. See Form 990, Part X, line 15.

(a) Descnpt1on (b) Book value

Total. (Column fbl should eoual Form 990 Part X co/ fBJ /me 15 J ... I Part X l Other Liabilities. See Form 990, Part X, line 25.

(a) Description of l1ab11ity (b) Amount

Federal income taxes

Due to related oroanization 788,613.

Total. tColumn fbl should eoual Form 990 Part X co/ fBI /me 25) ... 788,613 . In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organ1zat1on's l1ab1l1ty for uncertain tax positions

under FIN 48. 832053 12·23-08

20 Schedule D (Form 990) 2008


. .... ..

Schedule D (Form 990) 2008 Freedomworks Foundation, Inc. 52-1526916 Paae4 I Part XI I Reconciliation of Change in Net Assets from Form 990 to Financial Statements

1 Total revenue (Form 990, Part VIII, column (A}, line 12} 1 3,148,660. 2 TQtal expenses (Form 990, Part IX, column (A}, line 25} 2 3,264,892. 3 Excess or (deficit) for the year. Subtract line 2 from line 1 3 <116,232. 4 Net unrealized gains (losses) on investments 4 <658,266. 5 Donated services and use of fac1Jrt1es 5 6 Investment expenses 6 7 Prior period adjustments 7 8 Other (Descnbe 1n Part XIV) 8 9 Total adjustments (net). Add lines 4·8 9 <658,266.

10 Excess or (deficit) for the vear oer f1nanc1al statements. Combine Jines 3 and 9 10 <774,498. I Part XH I Reconciliation of Revenue per Audited Financial Statements With Revenue per Return

1 Total revenue, gains, and other support per audited f1nanc1al statements 1 2,490,394. 2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:

a Net unrealized gains on investments 2a <658,266. > b Donated services and use of fac11it1es 2b

c Recoveries of prior year grants 2c d Other (Describe in Part XIV) 2d

e Add lines 2a through 2d 2e <658,266. 3 Subtract line 2e from line 1 3 3,148,660. 4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:

a Investment expenses not included on Form 990, Part VIII, line 7b I 4a I b Other (Descnbe in Part XIV) 4b

c Add lines 4a and 4b 4c o. 5 Total revenue. Add lines 3 and 4c. <This should eaual Form 990 Part I line 12.l 5 3,148,660.

I Part XlHI Reconciliation of Expenses per Audited Financial Statements With Expenses per Return 1 Total expenses and losses per audited f1nanc1al statements 1 3,264,892. 2 Amounts included on line 1 but not on Form 990, Part IX, line 25:

a Donated services and use of fac1llt1es 2a

b Prior year adjustments 2b

c Losses reported on Form 990, Part IX, line 25 2c

d Other (Descnbe in Part XIV) 2d

e Add lines 2a through 2d 2e o. 3 Subtract line 2e from line 1 3 3,264,892. 4 Amounts included on Form 990, Part IX, line 25, but not on line 1

a Investment expenses not included on Form 990, Part VIII, line 7b I 4a I b Other (Descnbe 1n Part XIV) 4b

c Add Jines 4a and 4b 4c 0. 5 Total exoenses. Add Jines 3 and 4c. <This should eaual Form 990 Part I line 18.l 5 3,264,892.

I Part XJVI Supplemental Information Complete this part to provide the descnpt1ons required for Part JI, lines 3, 5, and 9, Part Ill, lines 1 a and 4; Part JV, lines 1 band 2b; Part V, line 4; Part

X; Part XI, line 8, Part XII, Jines 2d and 4b, and Part XIII, lines 2d and 4b.

832054 12-23-08

21

Schedule D (Form 990) 2008


> >

> >

>

, ·• SCHEDULE G Supplemental Information Regarding Fundraising or Gaming Activities

OMB No 1545-0047 ....

(Form 990 or. 990-EZ) 2008 Department of the Treasury Internal Revenue Service

~ Attach to Form 990 or Form 990·EZ. Must be completed by organizations that answer "Yes"to Form 990, Part IV, lines 17, 18, or 19, and by organizations that enter more than $15,000 on Form 990-EZ, line 6a. Opell To Pu~Ue

Inspection Name of the organization Employer identification number

Freedomworks Foundation Inc. 52-1526916 Part I Fundraising Activities. Complete If the organ1zat1on answered 'Yes' to Form 990, Part IV, line 17.

1 Indicate whether the organization raised funds through any of the following act1v1t1es. Check all that apply.

a [X] Mail solic1tat1ons e [X] Solicltat1on of non-government grants

b [X] Email sol1c1tat1ons f D Solic1tat1on of government grants

c [X] Phone solicitations g D Special fundra1s1ng events

d [X] In-person solicltat1ons

2 a Did the organ1zat1on have a written or oral agreement with any 1nd1vidual (1nclud1ng officers, directors, trustees or

key employees listed 1n Form 990, Part VII) or entity in connection with professional fundra1s1ng services? [X] Yes 0No b If 'Yes,' list the ten highest paid 1nd1v1duals or ent1t1es (fundra1sers) pursuant to agreements under which the fundra1ser 1s to be

compensated at least $5,000 by the organ1zat1on. Form 990·EZ filers are not required to complete this table.

(i) Name of 1nd1v1dual (iii) Did (iv) Gross receipts (v) Amount paid (vi) Amount paid

(ii) Activity fundra1ser to (or retained by) to (or retained by) or entity (fundra1ser) hci,v6o~~~f~f from act1v1ty fundra1ser contnbut1ons? listed 1n col. (i) organization

!Professional Yes No Fundraisinq Solutions fundraisinq x 1,510,000. 75,500. 1.434.500.

Total ~ 1,510,000. 75,500. 1,434,500. 3 List all states In which the organization 1s registered or licensed to solicit funds or has been notified 1t 1s exempt from reg1strat1on or l1cens1ng.

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,OH,OK,PA,RI,SC,SD,TX,UT,VT,VA,WA,WV,WI,WY,NV,TN

LHA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule G (Form 990 or 990-EZ) 2008

832081 12-18-08


-------

-t Schedule G Form990or990·E 2008 Freedomworks Foundation Inc. 52-1526916 Pa e2

" Parl.U Fundraising Events. Complete 1f the organ1zat1on answered 'Yes' to Form 990, Part IV, line 18, or reported more than $15,000

on Form 990·EZ, line 6a. LJst events with gross receipts greater than $5,000. (a) Event #1 (b) Event #2 (c) Other Events

(d) Total Events . (Add col. (a) through

col (c)) Q)

(event type) (event type) (total number) ::, c Q) > 1 Gross receipts Q)

a:

2 Less· Chantable contnbut1ons

3 Gross revenue (line 1 minus line 2)

4 Cash pnzes

Ul 5 Non·cash pnzes Q) Ul c Q) c.

6 RenVfac11ity costs iri ti ~ 7 Other direct expenses c5

8 Direct expense summary. Add lines 4 through 7 1n column (d) ~ ( )

9 Net income summarv. Combine lines 3 and 8 In column Cd) ~ I Pert UI I Gaming. Complete 1f the organization answered 'Yes' to Form 990, Part IV, line 19, or reported more than

$15,000 on Form 990·EZ, line 6a.

Q) (a) Bingo (bl Pull tabs/Instant (c) Other gaming (d) Total gaming (Add ::, bingo/progressive bingo col. (a) through col. (c)) c Q)

ai a: 1 Gross revenue

Ul 2 Cash prizes Q) Ul c Q)

3 Non·cash pnzes c. iri ti ~ c5

4 RenVfac1lrty costs

5 Other direct expenses

Dves % Dves % Dves %

6 Volunteer labor 0No 0No 0No

7 Direct expense summary. Add lines 2 through 5 1n column (d) ~ ( )

8 Net oam1na income summarv. Combine lines 1 and 7 in column Cd) ~ Yes No

9 Enter the state(s) in which the organization operates gaming act1vrt1es:

a Is the organ1zat1on licensed to operate gaming act1v1t1es 1n each of these states? 9a

b If 'No,' Explain:

10a Were any of the organ1zat1on's gaming licenses revoked, suspended or terminated dunng the tax year? 10a

b If 'Yes,' Explain:

11 Does the organ1zat1on operate gaming activities with nonmembers? 11

12 Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity formed to

administer chantable aamina? 12

Schedule G (Form 990 or 990-EZ) 2008

832082 03-18-09


.,. Schedule G (Form 990 or 990·EZl 2008 F ree d w om or k s F oun a 1.on, d t" I nc. 52 1526916 - Paae3

Yes No

13 Indicate the percentage of gaming activity operated 1n:

a Th13 organ1zat1on's fac1llty 13a %

b An outside facility 13b % 14 Provide the name and address of the person who prepares the organization's gaming/special events books and records:

Name ....

Address ....

15a Does the organ1zat1on have a contract with a third party from whom the organ1zat1on receives gaming revenue? 15a

b If 'Yes,' enter the amount of gaming revenue received by the organization .... $ and the amount

of gaming revenue retained by the third party .... $

c If 'Yes,' enter name and address:

Name ....

Address ....

16 Gaming manager 1nformat1on:

Name ....

Gaming manager compensation .... $

Descnpt1on of services provided ....

D Director/officer D Employee D Independent contractor

17 Mandatory d1stnbut1ons:

a Is the organ1zat1on required under state law to make charitable d1stnbut1ons from the gaming proceeds to

retain the state gaming license? 17a

b Enter the amount of d1stnbut1ons required under state law d1stnbuted to other exempt organizations or spent 1n the

oraan1zat1on's own exemot act1v1t1es dunna the tax vear .... $

Schedule G (Form 990 or 990-EZ) 2008

832083 12-18-08


. ..._·1 SCHEDULE J (Form 990)_


Compensation Information For certain Officers, Directors, Trustees, Key Employees, and Highest

Compensated Employees

..... Attach to Form 990. To be completed by organizations that answered "Yes" to Form 990, Part IV, line 23.

OMB No 1545-0047

2008 ()pen to Public

Jnspection

Freedomworks Foundation, Inc. l Employer identification number

52-1526916 Name of the organization

Part I l Questions Regarding Comoensation

1a Check the appropnate box(es) If the organization provided any of the following to or for a person listed in Form 990,

Part VII, Section A, line 1 a. Complete Part Ill to provide any relevant 1nformat1on regarding these items.

[XJ First·class or charter travel D Housing allowance or residence for personal use

D Travel for companions D Payments for business use of personal residence

D Tax 1ndemntficat1on and gross·up payments D Health or social club dues or 1n1t1at1on fees

D D1scret1onary spending account D Personal services (e.g., maid, chauffeur, chef)

b If line 1 a ts checked, did the organization follow a wntten policy regarding payment or reimbursement or prov1s1on

of all of the expenses described above? If 'No,' complete Part Ill to explain

2 Did the organization require substant1at1on prior to re1mburs1ng or allowing expenses incurred by all officers, directors,

trustees, and the CEO/Executive Director, regarding the items checked In line 1 a?

3 Indicate which, 1f any, of the following the organization uses to establish the compensation of the organization's

CEO/Executive Director Check all that apply.

[XJ Compensation committee D Wntten employment contract

D Independent compensation consultant 00 Compensation survey or study

[XJ Form 990 of other organ1zat1ons 00 Approval by the board or compensation committee

4 During the year, dtd any person listed 1n Form 990, Part VII, Section A, line 1 a:

a Receive a severance payment or change of control payment?

b Part1c1pate tn, or receive payment from, a supplemental nonqualtfied retirement plan?

c Part1c1pate 1n, or receive payment from, an equ1ty·based compensation arrangement?

If 'Yes' to any of lines 4a·c, list the persons and provide the applicable amounts for each item in Part Ill.

Only 501 (c)(3) and 501 (c)(4) organizations must complete lines 5-8.

5 For persons listed 1n Form 990, Part VII, Section A, line 1 a, did the organization pay or accrue any compensation

contingent on the revenues of·

a The organization?

b Any related organ1zat1on?

If 'Yes,' to line Sa or Sb, descnbe 1n Part Ill.

6 For persons listed 1n Form 990, Part VII, Section A, line 1 a, did the organization pay or accrue any compensation

contingent on the net earnings of:

a The organ1zat1on?

b Any related organ1zat1on?

If 'Yes' to line 6a or 6b, descnbe 1n Part Ill.

7 For persons listed 1n Form 990, Part VII, Section A, line 1 a, dtd the organization provide any non·ftxed payments

not descnbed 1n lines Sand 6? If 'Yes,' describe In Part Ill

8 Were any amounts reported in Form 990, Part VII, paid or accrued pursuant to a contract that was subJect to the

1nit1al contract exceot1on descnbed in Reas. section S3.4958·41all3l? If 'Yes 'descnbe in Part Ill

Yes No

1b X

2 x

4a x 4b x 4c x

5a x 5b x

6a x 6b x

7 x

8 x LHA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule J (Form 990) 2008

832111 12-23-08

20300511 739466 FWFoundation 25

2008.03050 Freedomworks Foundation, In FWFOUNDl ------------- - - -- --

t---4_

Schedule J (Form 990) 2008 FreedomWorks Foundation, Inc. 52-1526916 Page 2

Part U l Officers, Directors, Trustees, Key Employees, and Hi.9hest9_ompensated Employees- Use Schedule J-1 1f add1t1onal space 1s needed

For each 1nd1v1dual whose compensation must be reported m Schedule J, report compensation from the organ1zat1on on row 0) and from related organ1zat1ons, descnbed m the instructions, on row Oi). Do not list any 1nd1v1duals that are not listed on Form 990, Part VII.

Note. The sum of columns (B)(iH1Q must equal the applicable column (D) or column (E) amounts on Form 990, Part VII, line 1 a.

(B) Breakdown of W-2 and/or 1099-MISC compensation (C) (D) (E) (F)

Deferred Nontaxable Total of columns Compensation

(A) Name (i) Base (ii) Bonus & (iii) Other compensation benefits (B)(Q-(D) reported 1n pnor

compensation incentive compensation Form 990 or compensation

Form 990-EZ

(i) 151,980. 0. 5, 921. 5,104. 6,277. 169,282. 0. Matt Kibbe (ii) 116,916. 0. 4,555. 3,927. 4,828. 130,226. o.

(i) 272,727. 27,273. 0. 0. 0. 300,000. o. Hon. Richard K. Armev {iii 227,273. 22,727. 0. 0. 0. 250,000. o.

(i) 80,918. 8,478. 0. 3,024. 7,212. 99,632. o. Judy Mulcahy (ii) 62,248. 6,522. o. 2,326. 5,548. 76,644. o.

(i) 80,699. 0. 0. 2,357. 4,366. 87,422. 0. Wayne Brouqh {iii 62,081. 0. o. 1,814. 3,358. 67,253. o.

(i) 81,450. 0. o. 956. 3,310. 85,716. o. Marv Byrne {ii) 62,659. 0. 0. 736. 2,546. 65,941. 0.

(i)

{ii)

(i)

(ii)

(i)

{iii

(i)

(ii)

(i)

{iii

(i)

{iii

(i)

{iii

(i)

(ii)

(i)

{ii)

(i)

{iii

(i)

{ii)

Schedule J (Form 990) 2008

832112 12-23-08 26

.•

I r' SCHEDULE L ... OMB No 1545-0047 Transactions with Interested Persons (Form 990 01 990-EZ)

Departmeot of the Treasury Internal R81renue Service

Name of the organization

.... Attach to Form 990 or Form 990-EZ. .... To be completed by organizations that answered

"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, lines 38a or 40b.

Freedornworks Foundation Inc. Part I

1

Excess Benefit Transactions (section 501 (c)(3) and section 501 (c)(4) organizations only).

T b I t d b h d 'Y ' F 990 P IV I 2 25 F 0 e como1e e >V oroanizat1ons t at answere es on orm art 1ne Sa or b or orm9

(a) Name of d1squallf1ed person (b) Description of transaction

2 Enter the amount of tax imposed on the organization managers or d1squahf1ed persons during the year under

2008 Open T-o Pt.ibtic lnspectlon

Employer identification number

52-1526916

90EZ P art V fine 40b.

(c) Corrected?

Yes No

section 4958 .... $ --------3 Enter the amount of tax, 1f any, on hne 2, above, reimbursed by the organization .... $ --------

! Parl.11 j Loans to and/or From Interested Persons. T b 0 ecomo1e e ,v oroaniza ions t at answere I t db h d 'Y ' F es on orm art 1ne or 990 P IV I 26 F orm a 1ne 990 EZ P rt V I 38 a.

(a) Name of interested (b) Loan to or from (c) Original principal (d) Balance due (e) In (f) Approved (g) Wntten person and purpose the organization? amount default? by board or agreement? committee?

To From Yes No Yes No Yes No

Total .... $

I Part III I Grants or Assistance Benefiting Interested Persons. To be comoleted bv oroanizat1ons that answered 'Yes' on Form 990 P V I art I ine 27

(a) Name of interested person (b) Refat1onsh1p between interested person and (c) Amount of grant or type the organization of assistance

I Part IV I Business Transactions Involving Interested Persons. T o be como1eted bv oroan1zat1ons that answered ·y es' on F orm 990 P IV I art ines a or 28 28b 28 c.

(a) Name of interested person (b) Relat1onsh1p between interested (c) Amount of (d) Descnpt1on of (e) Shanng of organization's person and the organ1zat1on transaction transaction revenues? Yes No

Hon. Richard K. Armey Board Chairman 300,000. Consultinq x

LHA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule L (Form 990 or 990-EZ) 2008

832131 12-17-08


.._~f SCHEDULE O (Form 990) .


Supplemental Information to Form 990 .... Attach to Form 990. To be completed by organizations to provide

additional information for responses to specific questions for the Form 990 or to provide any additional information.

OMB No 1545-0047

2008 Open to Public Inspection

Name of the organization Employer identification number FreedomWorks Foundation Inc. 52-1526916

Form 990, Part I, Line 1, Description of Organization Mission:

education.

Form 990, Part III, Line 4d, Other Program Services:

Other Core Programs: Various programs aimed at promoting

consumer-focused economic policies through education and research in

both domestic and international economic markets including, regulation,

strategy, research, legal reform and energy and environment.

Expenses$ 535433. including grants of$ O. Revenue$ O.

Form 990, Part VI, Section A, line 10: The copy of the 990 was provided to

the senior staff and board audit committee members prior to filing. When

the 990 is received, the VP of Operations/Treasurer and Tate & Tryon review

it first. It is then sent to senior staff, outside general counsel and

board audit committee for review. The comments are then compiled and

discussed with the preparer. After edits are made, the President and

Treasurer sign the completed return and file with the IRS.

Form 990, Part VI, Section B, Line 12c: Governance and Ethics Policy is

signed annually by the Board of Directors and employees. Board of directors

and employees shall disclose annually to the Secretary any direct conflict

between their own individual interests and those of Freedomworks

Foundation. If such conflict does exist, director or employee shall provide

the Secretary written notice of such relationship and shall refrain from

attempting to exert any influence on FreedomWorks Foundation until the

matter has been reviewed and resolved. LHA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. 832211 12-18-08

28

Schedule O (Form 990) 2008


...

.._ t' SCHEDULE O (Form 990)


Name of the organ1zat1on

Supplemental Information to Form 990 IJJ,, Attach to Form 990. To be completed by organizations to provide


Freedomworks Foundation Inc.

OMB No 1545-0047

2008 Open to Public tfflipecwn

Employer identification number 52-1526916

Form 990, Part VI, Section B, Line 15: The process includes completion of

a compensation study based on information obtained from our outside general

counsel and 990's of other DC-based non-profits with similar budgets. This

information is then presented to the compensation committee at a

semi-annual Board meeting to discuss and vote on. This process includes

compensation for the CEO, Treasurer, and Chairman.

The process for determining compensation of other officers or key employees

of the organization is determined by the President.

Form 990, Part VI, Line 17, List of States receiving copy of Form 990:

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,OH,OK,OR,PA,RI,SC,SD,TX,UT,VT,VA,WA,WV,WI,WY,NV,TN

Form 990, Part VI, Section C, Line 19: Freedomworks Foundation makes all

following documents available for public inspection: governing documents,

conflict of interest policy and financial statements.

Form 990, Part XI, Line 2C:

Freedomworks Foundation has an audit cornrnrnittee that assumes

responsibility for oversight of the audit of its financial statements

and selection of an independent accountant.

Form 990, Part VII, Section A, Column B: LHA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. 832211 12-18-08

29



' . ~ '\ ~

._ f SCHEDULE O (Form 990)


Name of the organ1zat1on

Supplemental Information to Form 990 ... Attach to Form 990. To be completed by organizations to provide


Freedomworks Foundation Inc.

Average Hours Per Week on Related Organization

Hon. Richard K. Armey, Chairman, 18 hours per week

Matt Kibbe, President, 17 hours per week

OMB No 1545-0047

2008 Opefl to Public Inspection

Employer identification number

52-1526916

Judy Mulcahy, VP of Operations/Treasurer, 17 hours per week

Wayne Brough, VP of Research/Secretary, 17 hours per week

Mary Byrne, VP of Development, 17 hours per week

Jaclynne Brown, VP of External Affairs, 17 hours per week

Richard Walker, OR State Director, 17 hours per week

John Jordan, VP of Fed. & State Campaigns, 17 hours per week

Chris Kinnan, VP of Interactive Technologies, 17 hours per week

LHA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. 832211 12·18-08

30



SCHEDULER (Form 9901 Department of the Treasury Internal Rev~nuJL$§_N1ce

Related Organizations and Unrelated Partnerships

.... Attach to Form 990. To be completed by organizations that answered "Yes" to Form 990, Part IV, lines 33, 34, 35, 36, or 37. .... See separate instructions.

1!'

OMB No-1_54~0047

2008 ()pelf to Pubtic

lnspe<;1lon

~

Name of the organization Employer identification number

Freedomworks Foundationt Inc.

Part i Identification of Disregarded Entities

(A) (Bl (Cl

Name, address, and EIN Pnmary activity Legal dom1c1le (state or of disregarded entity foreign country)

Part It Identification of Related Tax-Exempt Organizations

(A) (Bl (Cl

Name, address, and EIN Pnmary activity Legal dom1c1le (state or of related organ1zat1on foreign country)

FreedomWorks Inc. - 52-1349353 Public policy, advocacy and

601 Pennsylvania Ave. NW N. Bldg Ste 700 educational organization

Washington DC 20004 hat supports consumers ~istrict of Columbia

LHA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.

832161 12-23-08 31

52-1526916

(Dl (E) (Fl

Total income End-of-year assets Direct controlling entity

(0) (E) (F)

Exempt Code Public chanty Direct controlling section status (If section entity

501(c)(3))

i501(c)(4) N/A

Schedule R (Form 9901 2008

• .,,. ..

.... '"" ScheduleR(Form990)200B FreedornWorks Foundation, Inc. 52-1526916 Page2 ~

Part IU Identification of Related Organizations Taxable as a Partnership ...;,.

(A) (8) (C) (D) (E) (F) (G) (H) (I) (J) • Name, address, and EIN Pnmary act1v1ty legal domicile Direct controlling Predominant income Share of total Share of D1sproport1on· CodeV-UBI General or of related organization (state or entity (related, investment, income end-of-year 11te allocabons? amount in box managing

foreign unrelated) assets 20 of Schedule ~~ country) Yes No K-1 (Form 1065) !Yes No

Part IV Identification of Related Organizations Taxable as a Corporation or Trust

(A) (8) (C) (D) (E) (F) (G) (H)

Name, address, and EIN Pnmary act1v1ty Legal domicile Direct controlling Type of entity Share of total Share of Percentage of related organization (state or entity (C corp, S corp, income end-of-year ownership

foreign or trust) assets country)

832162 12-23-08 32 Schedule R (Form 990) 2008

"' -~- .. ScheduleR(Form990)200B FreedomWorks Foundation, Inc. 52-1526916 Page3..,;,.

PcITT V Transactions With Related Organizations .. Note. Complete line 1 If any entity 1s listed in Parts II, Ill, or IV. Yes No

1 Dunng the tax year, did the organ1zat1on engage in any of the following transactions with one or more related organ1zat1ons listed in Parts II-JV?

a Receipt of (i) interest (ii) annu1t1es (iii) royalties (iv) rent from a controlled entity 1a x b Gift, grant, or capital contnbut1on to other organizat1on(s) 1b x c Gift, grant, or capital contnbut1on from other organizat1on(s) 1c x d Loans or loan guarantees to or for other organ1zat1on(s) 1d x e Loans or loan guarantees by other organizat1on(s) 1e x

f Sale of assets to other organ1zat1on(s) 11 x g Purchase of assets from other organ1zat1on(s) 1a x h Exchange of assets 1h x i Lease of fac1lrt1es, equipment, or other assets to other organizat1on(s) 1i x

j Lease of fac1l1t1es, equipment, or other assets from other organizat1on(s) 1i x k Performance of services or membership or fundra1s1ng sol1c1tat1ons for other organizat1on(s) 1k x I Performance of services or membership or fundra1s1ng sol1crtat1ons by other organ1zat1on(s) 11 x m Sharing of fac1lrt1es, equipment, ma1l1ng lists, or other assets 1m x n Shanng of paid employees 1n x

o Reimbursement paid to other organization for expenses 1o x p Reimbursement paid by other organization for expenses 1D x

q Other transfer of cash or property to other organizat1on(s) 1a x r Other transfer of cash or orooertv from other oraanizat1onlsl 1r x

- .. -··--··-··-· ·- .. . ···- -- . . . - -- ...... -- -- .. . ... ·-· ... -- .. .. ····- . . ..... ....

(A) (B) (Cl Name of other organizat1on(s) Transaction Amount involved

tvoe (a-rl

111 FreedomWorks, Inc. R <72,051.>

,21 Freedomworks, Inc. M 1,199,656.

' t31 Freedomworks, Inc. N 1,295,256.

141

151

161

832163 12-23-08 33 Schedule R (Form 990) 2008

... ' .•

ScheduleR(Form990)2008 FreedornWorks Foundation, Inc. 52-1526916 Page4 ~

Part; Vf Unrelated Organizations Taxable as a Partnership

Provide the following information for each entity taxed as a partnership through which the organ1zat1on conducted more than five percent of Its act1v1t1es (measured by total assets or gross revenue) that was not a related organ1zat1on See 1nstruct1ons regarding exclusion for certain investment partnerships

832164 12-23-08

(A)

Name, address, and EIN of entity

(B)

Pnmary activity

(C)

Legal dom1c1le (state or foreign

country)

34

(D) (E)

Are all partners Share of end-of-~ect,on 501 (c)(3

year assets organ1zat1ons?

Yes No

(F) (G) (H)

D1spropor- CodeV-UBI General or tronate amount in box 20 managing

allocabons? of Schedule K-1 oartner?

Yes No (Form 1065) Yes No

Schedule R (Form 990) 2008

I

freedomworks foundation 521526916 2008 052c0ce8searchable

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