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l: ,;Q R t f O F 99 e urn o rganization Exempt rom Income Tax Form Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung Department 01 the Treasury benefit trust or private foundation) Internal Revenu• Service ..... The organization may have to use a copy of this return to satisfy state reporting requirements.

A For the 2010 calendar year, or tax year beginning and ending

OMB No 1545-0047

2010 Open to Public

Inspection

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

[X]Address change FreedomWorks Foundation, Inc. oName change Doing Business As 52-1526916 01mt1al

_Number_and-street (or_e.o. box 1fmaiL1s not delivered to street address)---1,-Room/smte-~ -E-Telephone number OTermln- 400 North Capitol Street, NW 765 202-783-3870 ated OAmended

City or town, state or country, and ZIP+ 4 G Gross receipts $ 4,555,395. return OApploca- Washinqton, DC 20001 H(a) Is this a group return !Ion

pending F Name and address of principal off1cer:Ma t t Kibbe DYes OONo for aff1l1ates?

Same as c above H(b) Are all affiliates included? D Yes D No

I Tax-exempt status· LXJ 501(c)(3) I I 501(c) ( )<11111 (insert no.)· I 4947(a)(1) or I I 527 If "No," attach a list. (see 1nstruct1ons)

J Website:..,.. WWW. f reedomwor ks • org H(c) Group exemption number .....

K Form of organization. LXJ Corporation l I Trust I I Assoc1at1on I Other .... I L Year of formation: 19 8 91 M State of legal dom1c1le: DC

I Part 11 Summary QI 1 Briefly describe the organ1zat1on's m1ss1on or most s1gn1f1cant act1v1t1es: Improving the well-being of u

American consumers through education ;:mn ..,,,--~of sound economic c t'CI c 2 Check this box ..... LJ 1f the organization d1scont1nued its op1 rationsfi* ''-"'kl\J ~ .. f e than 5% of its net assets . QI

aj I l l;ll 7 > 3 Number of voting members of the governing body (Part VI, line 1 3 0 CJ 5 o/f 4 Number of independent voting members of the governing body ( W VI, ~Af'l® S 20\1 0. 4 (/) 5 Total number of ind1v1duals employed in calendar year 2010 (Par V;bne a ~ 5 0 QI :.::;

6 Total number of volunteers (estimate 1f necessary) I - 6 1200000 '> :.::; 7 a Total unrelated business revenue from Part VIII, column (C), line 2 OGDEN, UT 7a 0. u

< b Net unrelated business taxable income from Form 990-T, line 34 7b 0.

Prior Year Current Year

QI 8 Contributions and grants (Part VIII, line 1 h) 3,931,825. 4,485,499. ::::I 0. 0. c 9 Program service revenue (Part VIII, line 2g) QI > 10 Investment income (Part VIII, column (A), lines 3, 4, and ?d) 37,746. <4,031. QI a:

0 W; I

11

12

Other revenue (Part VIII, column (A), lines 5, 6d, a[. 9c, 10c, and 11 e)

Total revenue - add lines 8 throuoh 11 (must equal Part VIII, column IA\, line 12\

190,333. 21,862. 4,159,904. 4,503,330.

13 Grants and s1m1lar amounts paid (Part IX, column (A), Imes 1-3) 0. 170,408. 14 Benefits paid to or for members (Part IX, column (A), line 4) 0. 0.

(/) 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) 1,458,924. 1,242,131. QI (/)

16a Professional fundra1s1ng fees (Part IX, column (A), line 11 e) 62,250. 26,156. c QI 435,696 • Q. b Total fundra1s1ng expenses (Part IX, column (D), line 25) ..... >< w 17 Other expenses (Part IX, column (A), lines 11a-11d, 11f-24f) 2,033,455. 2,505,929.

18 Total expenses. Add lines 13-17 (must equal Part IX, column (A), line 25) 3,554,629. 3,944,624. 19 Revenue less expenses Subtract line 18 from line 12 605,275. 558,706.

o~ Beginning of Current Year End of Year ~~ 20 Total assets (Part X, line 16) 2,776,689. 3,159,427. "'"' "'CI:I 616,535. 523,210. <('C 21 Total liab1l1t1es (Part X, line 26) -c:: ~ 22 Net assets or fund balances. Subtract line 21 from line 20 2,160,154. 2,636,217. I Part II I Signature Block Under penalties of periury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, 111s

true, correct, and complete Declaration of ( other than officer) 1s based on all rnformat1on of which preparer has any knowledge.

Sign

Here

~ Ill... Mulcahy, VP of Operations/Treasurer r Type or print name and title

Pnnt/Type preparer's name

Paid Darrin S. Rogers, CPA

Preparer Firm's name Rogers & Company PLLC

Use Only Firm's address~ 8 3 0 0 Boone Boulevard, Suite 6 0 0 Vienna, VA 22182

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

032001 02-22-11 LHA For Paperwork Reduction Act Notice, see the separate instructions.

See Schedule O for Organization Mission Statement

Firm's EIN

Phone no. ( 7 0 3 ) 8 9 3 - 0 3 0 0 Yes No

Form 990 (2010)

Continuatio;\'\

>

... • r ~ ' Form 990 I-om FreedomWorks Foundation, Inc. 52-1526916 Pae2 Part Ill S atement of Program Service Accomplishments

Check 1f Schedule O contains a response to any question 1n this Part Ill

1 Briefly describe the organization's m1ss1on:

Improving the well-being of American consumers through the promotion and support of economic education.

2 Did the organization undertake any s1gnif1cant program services during the year which were not listed on ____ the_prior_Eorm_990_or_990:EZ? ___ _ OOves DNo - - - ---------------- -- -------------·--------==c:....,__:-=----==----'-'~----

If "Yes," describe these new services on Schedule 0. 3 Did the organization cease conducting, or make s1gnif1cant changes 1n how 1t conducts, any program services? Dves OONo

If "Yes," describe these changes on Schedule 0. 4 Describe the exempt purpose achievements for each of the organization'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$ 1 , 201 , 915 • 1nclud1ng grants of$ ) (Revenue$ -~-----Federal and State Campaigns: Research and education on reforming federal and state policies in areas such as taxation, fiscal policy, legal reform, energy policy, education and other mission-related issues.

4b (Code: ) (Expenses$ 7 5 5 , 0 9 6 • 1nclud1ng grants of$ ) (Revenue$ ______ _

Public Affairs: To include traditional media outreach, through TV and radio interviews and opinion-editorials, and online/new media outreach through blogging, social networking, paid advertising, and development of activist networking platform.

4c (Code· ) (Expenses$ 6 51 , 019 • 1nclud1ng grants of$ ) (Revenue$-------Other Core Programs: Various programs aimed at promoting consumer-focused economic policies through education and research in both domestic and international economic markets including, regulatory policy, strategy, research, legal reform and energy and environmental policies.

4d Other program services. (Describe 1n Schedule 0.)

(Expenses $ 5 5 6 , 8 8 5 • 1nclud1ng grants of $ 1 7 0 , 4 0 8 • ) (Revenue $

4e Total program service expenses~ 3 , 16 4 , 915 •

032002 12-21-10

2

Form 990 (2010)

13440601 739466 FWFoundation 2010.03010 FreedomWorks Foundation, In FWFOUNDl

l. r ~ Form 990 (~01~1 FreedomWorks Foundation, Inc. 52-1526916 Paqe3 I Part IV I Checklist of Required Schedules

1 Is the organization described in section 501 (c)(3) or 494 7(a)(1) (other than a private foundation)? If 'Yes,' complete Schedule A

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

3 Did the organization engage 1n direct or 1nd1rect political campaign act1v1t1es on behalf of or ,n oppos1t1on to candidates for

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

4 Section 501(c)(3) organizations. Did the organization engage ,n lobbying act1v1t1es, or have a section 501{h) election in effect

Yes No

1 x 2 x

3 x

during-the-tax-year'?-lt....:Yes,~complete-Schedule C,-F'art-11 -4 X~---5 Is the organization a section 501 (c)(4), 501 (c)(5), or 501 (c)(6) organization that receives membership dues, assessments, or

similar amounts as defined 1n Revenue Procedure 98-19? If 'Yes,• complete Schedule C, Part Ill i--5 ____ _

6 Did the organization ma1nta1n any donor advised funds or any s1m1lar funds or accounts where donors have the right to

provide advice on the distribution or investment of amounts in such funds or accounts? If 'Yes,' complete Schedule D, Part I

7 Did the organization receive or hold a conservation easement, including easements to preserve open space,

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

8 Did the organization ma1nta1n collections of works of art, historical treasures, or other s1m1lar assets? If 'Yes," complete

Schedule D, Part Ill

9 Did the organization report an amount 1n Part X, line 21; serve as a custodian for amounts not listed 1n Part X, or provide

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

10 Did the organization, directly or through a related organization, hold assets ,n term, permanent, or quasi-endowments?

If 'Yes,' complete Schedule D, Part V

11 If the organization's answer to any of the following questions ,s "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X

as applicable.

a Did the organization report an amount for land, bu1ld1ngs, and equipment 1n Part X, line 10? If 'Yes,' complete Schedule D, Part VI

b Did the organization report an amount for investments · other securities 1n Part X, line 12 that 1s 5% or more of its total

assets reported ,n Part X, llne 16? If "Yes, " complete Schedule D, Part VII

c Did the organization report an amount for investments · program related 1n Part X, line 13 that 1s 5% or more of its total

assets reported ,n Part X, line 16? If "Yes," complete Schedule D, Part VIII

d Did the organization report an amount for other assets ,n Part X, line 15 that 1s 5% or more of its total assets reported ,n

Part X, line 16? If "Yes," complete Schedule D, Part IX

e Did the organization report an amount for other hab1ht1es ,n Part X, line 25? If 'Yes,' complete Schedule D, Part X

f Did the organization's separate or consolidated f1nanc1al statements for the tax year include a footnote that addresses

the organization's liability for uncertain tax pos1t1ons under FIN 48 (ASC 740)? If 'Yes,' complete Schedule D, Part X

12a Did the organization obtain separate, independent audited f1nanc1al statements for the tax year? If "Yes," complete

Schedule D, Parts XI, XII, and XIII

b Was the organization included 1n consohdated, independent audited financial statements for the tax year?

If 'Yes,• and tf the organ,zat,on answered "No' to /me 12a, then completing Schedule D, Parts XI, XII, and XIII ts optional

13 Is the organization a school described 1n section 170(b)(1 )(A)(11)? If 'Yes,' complete Schedule E

14a Did the organ1zat1on maintain an office, employees, or agents outside of the United States?

b Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundra1s1ng, business,

and program service activities outside the United States? If 'Yes,' complete Schedule F, Parts I and IV

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

or entity located outside the United States? If 'Yes," complete Schedule F, Parts II and JV

16 Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to ind1v1duals

located outside the United States? If "Yes," complete Schedule F, Parts Ill and IV

17 Did the organization report a total of more than $15,000 of expenses for professional fundra1s1ng services on Part IX,

column (A), lines 6 and 11 e? If 'Yes, " complete Schedule G, Part I

18 Did the organization report more than $15,000 total of fundra1s1ng event gross income and contributions on Part VIII, lines

1 c and Ba? If 'Yes,' complete Schedule G, Part II

19 Did the organ1zat1on report more than $15,000 of gross income from gaming act1v1t1es on Part VIII, line 9a? If 'Yes,'

complete Schedule G, Part Ill

20a Did the organization operate one or more hospitals? If 'Yes,' complete Schedule H

b If "Yes' to hne 20a, did the organization attach its audited financial statements to this return? Note. Some Form 990 filers that

ooerate one or more hoso1tals must attach audited f1nanc1al statements (see 1nstruct1ons)

032003 12·21·10

3

6 x

7 x

8 x

9 x

10 x

- - -- - -

11a x

11b x

11c x

11d x 11e x

11f x

12a x

12b x 13 x 14a x

14b x

15 x

16 x

17 x

18 x

19 x 20a x

20b

Form 990 (2010)

13440601 739466 FWFoundation 2010.03010 Freedomworks Foundation, In FWFOUNDl

FJ°rm~90(201<!l\ FreedomWorks Foundation, Inc. 52-1526916 Paoe4 I Part IV I Checklist of Required Schedules (continued)

21 Did the organization report more than $5,000 of grants and other assistance to governments and organizations 1n the

United States on Part IX, column (A), line 1? If 'Yes, ' complete Schedule I, Parts I and II

22 Did the organization report more than $5,000 of grants and other assistance to individuals 1n the United States on Part IX,

column (A), line 2? If "Yes,' complete Schedule I, Parts I and Ill

23 Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization's current

and former officers, directors, trustees, key employees, and highest compensated employees? If 'Yes,' complete

~~~~·~Schedure_J_

24a Did the organization have a tax-exempt bond issue with 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 Imes 24b through 24d and complete

Schedule K. If 'No', go to /me 25

Yes No

21 X

22 X

23 X

24a x b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? t-2_4b_+--+---

c Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease

any tax-exempt bonds? t-2_4c_+--+---

d Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year? t-2_4d_+--+---

25a Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a

d1squalif1ed person during the year? If "Yes,' complete Schedule L, Part I

b Is the organization aware that 1t engaged in an excess benefit transaction with a d1squalif1ed person in a prior year, and

that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ? 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

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 organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial

contributor, or a grant selection committee member, or to a person related to such an 1nd1v1dual? If 'Yes,' complete

Schedule L, Part Ill

28 Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV

1nstruct1ons for applicable filing thresholds, cond1t1ons, and exceptions).

a A current or former officer, director, trustee, or key employee? If 'Yes," complete Schedule L, Part IV

b A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV

c An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer,

director, trustee, or direct or 1nd1rect owner? If "Yes," complete Schedule L, Part IV

29 Did the organization receive more than $25,000 1n non-cash contributions? If "Yes,' complete Schedule M

30 Did the organization receive contributions of art, historical treasures, or other s1m1lar assets, or qualified conservation

contributions? If "Yes," complete Schedule M

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

If "Yes,' complete Schedule N, Part I

32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?/f 'Yes,' complete

Schedule N, Part II

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

sections 301. 7701-2 and 301. 7701-3? If "Yes,' complete Schedule R, Part I

34 Was the organization 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 w1th1n the meaning of section 512(b)(13)?

a Did the organization receive any payment from or engage 1n any transaction with a controlled entity wrth1n the meaning of

section 512(b)(13)? If 'Yes,' complete Schedule R, Part V. /me 2 D Yes 00 No

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

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,' complete Schedule R, Part VI

38 Did the organization complete Schedule O and provide explanations 1n Schedule O for Part VI, lines 11 and 19?

Note. All Form 990 filers are reau,red to comolete Schedule O

032004 12-21-10

4

27 x

28a x 28b x

28c X 29 X

30 X

31 X

32 X

33 X

34 X 35 X

36 X

37 X

38 X Form 990 (2010)


'- , /. Form 990 201d FreedomWorks Foundation, Inc. 52-1526916 Pa e5 Part Statements Regarding Other IRS Filings and Tax Compliance

Check 1f Schedule O contains a response to any question 1n this Part V

1a Enter the number reported 1n Box 3 of Form 1096. Enter -0· 1f not applicable

b Enter the number of Forms W-2G included 1n line 1 a. Enter ·O· 1f not applicable

I 1a I 1b

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

(gambling) winnings to pnze winners?

2 0

l2aJ--~O

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

f1led-for-tl'1e-calendar-year-end1ng-w1th-or-w1tl'11n-theyear-covered-by-th1s return

b If at least one 1s reported on line 2a, did the organization 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-flle. (see instructions)

3a Did the organization have unrelated business gross income of $1,000 or more during the year?

b If "Yes," has 1t 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 organization have an interest 1n, or a signature or other authority over, a

f1nanc1al account 1n a foreign country (such as a bank account, securities account, or other f1nanc1al account)?

b If "Yes," enter the name of the foreign country: .....

See instructions for filing reqwrements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.

5a Was the organization a party to a proh1b1ted tax shelter transaction at any time during the tax year?

b Did any taxable party notify the organization that 1t was or is a party to a proh1b1ted tax shelter transaction?

c If "Yes," to line Sa or Sb, did the organization file Form 8886-T?

6a Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit

any contributions that were not tax deductible?

b If "Yes," did the organization include with every solicitation 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 organization receive a payment in excess of $75 made partly as a contnbut1on and partly for goods and services provided to the payer?

b If "Yes," did the organization 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 1t was required

to file Form 8282?

d If "Yes," 1nd1cate the number of Forms 8282 filed during the year I 1d I e Did the organization receive any funds, directly or 1nd1rectly, to pay premiums on a personal benefit contract?

f Did the organization, during the year, pay premiums, directly or 1nd1rectly, on a personal benefit contract?

g If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?

h If the organization received a contnbut1on of cars, boats, airplanes, or other vehicles, did the organization flle a Form 1098-C?

8 Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting

orgamzat,on, or a donor advised fund maintained by a sponsoring orgamzat,on, have excess business holdings at any time during the year?

9 Sponsoring organizations maintaining donor advised funds.

a Did the organization 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: I 1oa I a lnit1at1on fees and capital contnbut,ons included on Part VIII, line 12

b Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities 10b

11 Section 501(c)(12) organizations. Enter:

a Gross income from members or shareholders 11a

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

amounts due or received from them.) 11b

12a Section 4947(a)( 1) non-exempt charitable trusts. Is the organization flling Form 990 in lieu of Form I 1041 I b If "Yes," enter the amount of tax-exempt interest received or accrued during the year 12b

13 Section 501(c)(29) qualified nonprofit health insurance issuers.

a Is the organization licensed to issue qualified health plans 1n more than one state?

Note. See the 1nstruct1ons for add1t1onal information the organization must report on Schedule 0. b Enter the amount of reserves the organization 1s required to ma1nta1n by the states in which the

I 13b I organization 1s licensed to issue qualified health plans

c Enter the amount of reserves on hand 13c

14a Did the organization receive any payments for indoor tanning services during the tax year?

b If "Yes " has 1t filed a Form 720 to reoort these oavments? If "No,· orovtde an exolanat1on m Schedule O

032005 12-21-10

5

D Yes No

1c

-- ---

2b x

3a x 3b

4a x

5a x 5b x 5c

6a x

6b

--- -7a x 7b

7c x - ---

7e x 7f x 7a

7h

- - _,

8

9a

9b

12a

13a

14a x 14b

Form 990 (2010)


F~rm990 2010 FreedomWorks Foundation, Inc. 52-1526916 Pa e6 Part Governance, Management, and Disclosure For each 'Yes' response to Imes 2 through 7b below, and fora 'No' response

to /me Ba, Bb, or 1 Ob below, descnbe the ctrcumstances, processes, or changes m Schedule O. See mstruct1ons

s f ec ion Check 1f Schedule O contains a response to any question 1n this Part VI

AG . B d overnmg o y and Management Yes No

1a Enter the number of voting members of the governing body at the end of the tax year I 1a I 7 b Enter the number of voting members included ,n line 1 a, above, who are independent I 1b I 5

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

off1cer,-d1rector,.trustee,.or.key.employee? --- 2 x 3 Did the organization 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? 3 x 4 Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? 4 x 5 Did the organization become aware during the year of a s1gnif1cant d1vers1on of the organization's assets? 5 x 6 Does the organization have members or stockholders? 6 x 7a Does the organ1zat1on have members, stockholders, or other persons who may elect one or more members of the

governing body? 7a x b Ne any decisions of the governing body subject to approval by members, stockholders, or other persons? 7b x

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

by the following: --a The governing body? Sa x b Each committee with authority to act on behalf of the governing body? Sb x

9 Is there any officer, director, trustee, or key employee listed 1n Part VII, Section A, who cannot be reached at the

oraanizat,on's ma11ina address? If 'Yes," provtde the names and addresses m Schedule O 9 x Section B. Policies (rh1s Section B requests mformat1on about poltc1es not reqwred by the Internal Revenue Code)

Yes No

10a Does the organization have local chapters, branches, or affiliates? 10a x b If "Yes," does the organization have written pol1c1es and procedures governing the act1v1t1es of such chapters, affiliates,

and branches to ensure their operations are consistent with those of the organization? 10b 11a Has the organization provided a copy of this Form 990 to all members of ,ts governing body before filing the form? 11a x

b

' '

Describe ,n Schedule O the process, 1f any, used by the organ1zat1on to review this Form 990. - --- - - -·

12a Does the organization have a written conflict of interest policy? If "No," go to /me 13 12a x b Are officers, directors or trustees, and key employees required to disclose annually interests that could give rise

to conflicts? 12b x c Does the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," descnbe

tn Schedule O how this is done 12c x 13 Does the organization have a written wh1stleblower policy? 13 x 14 Does the organization have a written document retention and destruction policy? 14 x 15 Did the process for determining compensation of the following persons include a review and approval by independent I

persons, comparability data, and contemporaneous substant1at1on of the deliberation and dec1s1on? I I ·x -

a The organization's CEO, Executive Director, or top management offlc,al 15a b Other officers or key employees of the organization 15b x

If "Yes" to line 15a or 15b, describe the process in Schedule O (See 1nstruct1ons) 16a Did the organization invest ,n, contribute assets to, or part1c1pate 1n a Joint venture or s1m1lar arrangement with a

taxable entity during the year? 16a x b If "Yes," has the organization adopted a written policy or procedure requiring the organization to evaluate ,ts part1c1pat1on

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

exemot status with resoect to such arranaements? 16b Section C. Disclosure 17 List the states with which a copy of this Form 990 1s required to be filed .... AL , AK , AR , AZ , CA, CO , CT , DC , FL , GA, HI , IL 18 Section 6104 requires an organization to make its Forms 1023 (or 1024 1f applicable), 990, and 990-T (501(c)(3)s only) available for

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

D Own website D Another's website [XI Upon request

19 Describe ,n Schedule O whether (and 1f so, how), the organization makes its governing documents, conflict of interest policy, and financial

statements available to the public

20 State the name, physical address, and telephone number of the person who possesses the books and records of the organization· .... ---The Organization - 202-783-3870 400 North Capitol Street, NW, Suite 765, Washington, DC 20001

032006 12-21-10 See Schedule O for full list of states

6

Form 990 (2010)


~ ' _. Form990 201 FreedomWorks Foundation, Inc. 52-1526916 Pae 7 Part II Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated

Employees, and Independent Contractors Check 1f Schedule O contains a response to any question ,n this Part VII

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

D

1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization's tax year.

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

• List all of the organization's current key employees, 1f any. See instructions for definition of "key employee." • List the organization's five current highest compensated employees (other than an officer, director, trustee, or key employee) who received reportable

---compensat,on(Box 5 of-Form.W,2-and/or-Box-7--of-Form-1099-MISC) of-more-thaA $100,000 from-the organization-and any related organizations-.------------

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

• List all of the organization's former directors or trustees that received, ,n the capacity as a former director or trustee of the organization, more than $10,000 of reportable compensation from the organization and any related organizations. List persons in the following order: 1nd1v1dual trustees or directors: 1nstrt:ut1onal trustees; officers, key employees; highest compensated employees; and former such persons.

D Ch k th b f h h I d d t ff d t ec IS ox I ne1t er t e oroanizat1on nor any re ate oroanizat1on compensate any curren o 1cer, ,rector, or trus ee.

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

Name and Title Average Pos1t1on Reportable Reportable Estimated hours per (check all that apply) compensation compensation amount of

week t

from from related other (describe the organizations compensation hours for

,5

I organization (W-2/1099-MISC) from the 0 :E related ll; ~ (W-2/1099-MISC) organization

5 ~ ~ e

and related organizations ~ I 8~

1n Schedule -s ~% § organizations ~ i

""' ~ S!'E

0) 0 ,::! :c ~ ,£

Matt Kibbe

President 19.00 x x 124,386. 162,270. 35,029. Hon. Richard K, Armey

Chairman 19.00 x x 250,000. 250,000. o. Ted Abram

Board Member 1.00 x 0. 0. 0. Steve Forbes

Board Member 1.00 x 0. 0. 0. Robert Lansing

Board Member 1.00 x 0 . 0. 0. Frank Sands

Board Member 1. 00 x o. o. o. Hon, c. Boyden Gray

Board Member 1.00 x 0. 0. 0. Judith Mulcahy

VP of Operations/Treasurer 20.00 x 87,570. 101,410. 26,997. Wayne Brough

VP of Research/Secretary 19.00 x 115,287. 48,797. 25,583. Mary Byrne

VP of Development 19.00 x 64,615. 103,615. 7,140. Richard Walker

VP Political & Grassroots Campaigns 19.00 x 55,005. 92,524. 28,869. John Jordan

VP Fed, & State Campaigns 19.00 x 40,409. 71, 071. 15,216. Adam Brandon

VP Communications 19.00 x 62,125. 73,667. 27,740. Max Pappas

VP of Public Policy 19.00 x 94,920. 77,079. 15,197.

032007 12-21-10 Form 990 (2010) 7


Form 90 I 010) FreedomWorks Foundation, Inc. 52-1526916 Paqe8 I Part VII I Section A. Officers, Directors, Trustees, Kev Employees, and Highest Comoensated Emclo• ees (continued)

(A) (B) (C) (0) (E) (F) Name and title Average Pos1t1on Reportable Reportable Estimated

hours per (check all that apply) compensation compensation amount of week from from related other

(describe ~ the organizations compensation ~

hours for -a = organization (:N-2/1099-MISC) from the 0 ! related I

~ (:N-2/1099-MISC) organization 5 E organizations ]j! ~ 8:! and related 1n Schedule ~

0

_j_ ~! = -i's organizations -i--=- -;§-0) ~ - e-e & ~ :,::~

1b Sub-total ..... 894,317. 980,433. 181,771 . c Total from continuation sheets to Part VII, Section A ..... 0. 0 • 0. d Total (add lines 1b and 1cl ..... 894,317. 980,433. 181, 771.

2 Total number of 1nd1v1duals (1nclud1ng but not l1m1ted to those listed above) who received more than $100,000 1n reportable

compensation from the oroarnzat1on • 3 Yes No

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

- _j

line 1 a? If 'Yes,' complete Schedule J for such md1v1dual 3 x 4 For any 1nd1v1dual listed on line 1 a, 1s the sum of reportable compensation and other compensation from the organization I

and related organizations greater than $150,000? If "Yes,• complete Schedule J for such md1v1dual 4 x 5 Did any person listed on line 1 a receive or accrue compensation from any unrelated organization or 1ndiv1dual for services :

- -

rendered to the oraarnzat1on? 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

th e orqan1zat1on

(A) (Bl (Cl Name and business address Description of services Compensation

Capitol Services Inc., 108 N. Virginia Avenue, Falls Church, VA 22046 !Event planners 325,684. Morgan Meredith & Asooc., Inc. , 22780 Printing/mailing of Indian Creek Drive, Suite 100, Dulles, VA ciirect mail 177,847.

2 Total number of independent contractors (1nclud1ng but not l1m1ted to those listed above) who received more than

$100 000 1n comoensation from the oraarnzat1on • 2 Form 990 (2010)

032008 12-21-10

8 13440601 739466 FWFoundation 2010.03010 FreedomWorks Foundation, In FWFOUNDl

Form 990 (201 di FreedomWorks Foundation, Inc. 52-1526916 Paae9 I Part VIII I Statement of Revenue

(A) (B) (Cl (D)

Total revenue Related or Unrelated Revenue excluded from

exempt function business tax under revenue revenue sections 512,

513, or 514 VI VI 1 a Federated campaigns 1a --Cc Ill :::, b Membership dues 1b ... 0 ~E c Fundra1sing events 1c ¥J~ ~~d-Related-organ1zat1ons- ----- -'Id ~--- -- -- ~- - -- -- ---- --

-C>.,!2 -

cn"e e Government grants (contnbut1ons) 1e C·-O VI f All other contnbut1ons, gifts, grants, and .:;;

,,S.c s1m1lar amounts not included above 1f 4,485,499. :so 46,438. C"C g Noncash contrlbutoons Included In lines ta-1f $ oc 0111 h Total. Add hnes 1a-1f ~ 4,485,499.

Business Code GI 2a CJ ·s;

b ._ GI

J!~ c E~

d Ill GI !;,a: 0 e ... Q. f All other program service revenue

a Total. Add hnes 2a-2f .... 3 Investment income (1nclud1ng d1v1dends, interest, and

other similar amounts) .... 72 . 72. 4 Income from investment of tax-exempt bond proceeds .... 5 Royalties ....

(1) Real (11) Personal

6a Gross Rents 5,373. b Less. rental expenses

c Rental income or (loss) 5,373. d Net rental income or (loss) .... 5,373 . 5,373.

7 a Gross amount from sales of (1) Securities (u) Other

assets other than inventory 47,962. b Less: cost or other basis

and sales expenses 52,065. c Gain or (loss) <4,103. > d Net gain or (loss) .... <4,103.1> <4,103. >

GI 8 a Gross income from fundra1sing events (not :::,

including$ c of GI > contributions reported on hne 1 c). See GI a: ... Part IV, line 18 a GI .c b Less· direct expenses b -0 .... c Net income or (loss) from fundra1sing events

9a Gross income from gaming act1v1t1es. See

Part IV, hne 19 a

b Less. direct expenses b

c Net income or (loss) from gaming act1v1t1es .... 10 a Gross sales of inventory, less returns

and allowances a

b Less: cost of goods sold b

c Net income or llossl from sales of inventory ~

Miscellaneous Revenue Business Code

11 a Other income 900099 16,489. 16,489. b

c

d All other revenue

e Total. Add lines 11 a-11 d .... 16,489 . 12 Total revenue. See instructions. .... 4,503,330. 16,489. 0. 1,342 •

w,u,o 12-21-10 Form 990 (2010)


' ' ' Form 990 2010 FreedomWorks Foundation, Inc. 5 2 -15 2 6 916 Pa e 10 Part I Statement of Functional Expenses

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

Do not include amounts reported on lines 6b, (A) {ti) {Cl \UI 7b, Sb, 9b, and 10b of Part VIII. Total expenses Program service Management and Fund raising

exoenses general expenses expenses 1 Grants and other assistance to governments and

61,408. 61,408. I

organizations m the U.S. See Part IV, line 21

2 Grants and other assistance to 1nd1v1duals 1n

the.U.S .. See.eartJV,J1ne.22 _______ .

3 Grants and other assistance to governments, ' organizations, and 1nd1v1duals outside the U.S. :

See Part IV, lines 15 and 16 109,000. 109,000. 4 Benefits paid to or for members

5 Compensation of current officers, directors,

trustees, and key employees 620,949. 470,904. 56,730. 93,315. 6 Compensation not included above, to d1squalif1ed

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

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

7 Other salaries and wages 544,591. 420,548. 46,902. 77, 141. 8 Pension plan contributions (include section 401(k)

and section 403(b) employer contributions) 5, 521. 4,211. 495. 815. 9 Other employee benefits 5,053. 1,938. 1,177. 1,938.

10 Payroll taxes 66,017. 50,352. 5,920. 9,745. 11 Fees for services (non-employees)·

a Management

b Legal 63,275. 54,437. 1,500. 7,338. c Accounting 120,653. 36. 120,617. d Lobbying e Professional lundra1smg services. See Part IV, /me 17 26,156. 26,156. f Investment management fees

g Other 688,044. 650,864. 2,500. 34,680. 12 Advert1s1ng and promotion 321,438. 319,466. 375. 1,597. 13 Office expenses 514,710. 360,082. 47,744. 106,884. 14 Information technology 82,094. 67,568. 7,539. 6,987. 15 Royalties

16 Occupancy 240,267. 179,882. 26,273. 34,112. 17 Travel 299,229. 271,527. 4,232. 23,470. 18 Payments of travel or entertainment expenses

for any federal, state, or local public officials

19 Conferences, conventions, and meetings 74,528. 67,420. 6,504. 604. 20 Interest 1,845. 1,845. 21 Payments to affiliates

22 Deprec1at1on, depletion, and amortization 33,043. 25,195. 2,971. 4,877. 23 Insurance 24,727. 19,300. 2,054. 3,373. 24 Other expenses. Itemize expenses not covered

above. (List miscellaneous expenses m /me 241. If line '

241 amount exceeds 10% of line 25, column (A) i amount, list line 241 expenses on Schedule 0.) I

a Dues & registrations 32,106. 22,839. 1,746. 7,521. b Payroll processing fees 5,286. 5,286. c Miscellaneous 4,684. 2,378. 1,603. 703. d Prof. fundraising alloc 0 . 20,560. <20,560.> e Grant allocation 0. <15,000.1> 15,000. f All other expenses

25 Total functional expenses. Add Imes 1 through 241 3,944,624. 3,164,915. 344,013. 435,696. 26 Joint costs Check here .,._ U 11 following SOP

98-2 (ASC 958-720). Complete this line only 11 the organization reported m column (B) Joint costs from a combined educational campaign and fundra1smg

335,251. 249,296. 0. 85,955. solic1tat1on

032010 12·21·10 Form 990 (201 O) 10


Form 990 ( 01~ FreedomWorks Foundation, Inc. 52-1526916 I Part X I Balance Sheet

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

1 Cash· non-interest-bearing 1,632,020. 1 2,104,030. 2 Savings and temporary cash investments 35. 2

3 Pledges and grants receivable, net 62,500. 3 62,500. 4 Accounts receivable, net 4

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

employ~ and highest compensated empJQyees. Complete Part II ~~-

of Schedule L 5

6 Receivables from other d1squalif1ed persons (as defined under section

4958(f)(1)), persons described 1n section 4958(c)(3)(8), and contributing

employers and sponsoring organizations of section 501 (c)(9) voluntary

employees' benef1c1ary organizations (see 1nstruct1ons) 6 J!I CD 7 Notes and loans receivable, net 7 (/) (/)

8 Inventories for sale or use 8 < 9 Prepaid expenses and deferred charges 4,427. 9 3,425.

10a Land, buildings, and equipment: cost or other

basis. Complete Part VI of Schedule D 10a

b Less: accumulated deprec1at1on 10b 10c

11 Investments· publicly traded securities 5,592. 11

12 Investments - other securities. See Part IV, line 11 1,072,115. 12 989,472. ' 13 Investments - program-related. See Part IV, line 11 13

14 Intangible assets 14

15 Other assets See Part IV, line 11 15

16 Total assets. Add lines 1 throuah 15 lmust eaual line 34l 2,776,689. 16 3,159,427. 17 Accounts payable and accrued expenses 17

18 Grants payable 18

19 Deferred revenue 19

20 Tax-exempt bond liab11it1es 20 (/) 21 Escrow or custodial account liability. Complete Part IV of Schedule D 21 CD

~ 22 Payables to current and former officers, directors, trustees, key employees, :s highest compensated employees, and d1squalif1ed persons. Complete Part II Ill :i of Schedule L 22

23 Secured mortgages and notes payable to unrelated third parties 23

24 Unsecured notes and loans payable to unrelated third parties 24

25 Other liab1l1t1es. Complete Part X of Schedule D 616,535. 25 523,210. 26 Total liabilities. Add lines 17 throuah 25 616,535. 26 523,210.

Organizations that follow SFAS 117, check here ..... LXJ and complete (/) lines 27 through 29, and lines 33 and 34. CD u

27 Unrestricted net assets 1,025,539. 27 1,578,443. c Ill 1,134,615. 1,057,774. iii 28 Temporarily restricted net assets 28 ID "O 29 Permanently restricted net assets 29 c

Dand ::::, Organizations that do not follow SFAS 117, check here .... LL. .. complete lines 30 through 34. 0 (/)

30 Capital stock or trust principal, or current funds 30 .. CD (/)

31 Pa1d-1n or capital surplus, or land, bu1ld1ng, or equipment fund 31 (/)

< .. 32 Retained earnings, endowment, accumulated income, or other funds 32 CD z 33 Total net assets or fund balances 2 t 160 t 154 • 33 2,636,217. 34 Total liab11it1es and net assets/fund balances 2,776,689. 34 3,159,427.

Form 990 (2010)

032011 12-21-10


F~rm990 2010 FreedomWorks Foundation, Inc. 5 2 -15 2 6 916 Pa e 12 Part XI Reconciliation of Net Assets

Check 1f Schedule O contains a response to any question in this Part XI

1 Total revenue (must equal Part VIII, column (A), hne 12) 1 2 Total expenses (must equal Part IX, column (A), hne 25) 2 3 Revenue less expenses. Subtract hne 2 from hne 1 3 4 Net assets or fund balances at beginning of year (must equal Part X, hne 33, column (A)) 4 5 Other changes 1n net assets or fund balances (explain 1n Schedule 0) 5 6 Net assets or fund balances at end ot_year. Comb1ne_lines_3, ,t_and 5_(must equalJ=>art X,J1ne_33,_column (Bl) 6

I Part XIII Financial Statements and Reporting Check if Schedule O contains a response to any question in this Part XII

1 Accounting method used to prepare the Form 990· D Cash CxJ Accrual D Other

If the organization changed its method of accounting from a prior year or checked "Other," explain 1n Schedule 0. 2a Were the organization's financial statements compiled or reviewed by an independent accountant?

b Were the organization's f1nanc1al statements audited by an independent accountant?

c If "Yes" to line 2a or 2b, does the organization have a committee that assumes respons1b1l1ty for oversight of the audit,

review, or comp1lat1on of its f1nanc1al statements and selection of an independent accountant?

If the organization changed either its oversight process or selection process during the tax year, explain 1n Schedule 0. d If "Yes" to hne 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a

separate basis, consolidated basis, or both:

D Separate basis D Consolidated basis CxJ Both consolidated and separate basis

3a As a result of a federal award, was the organization required to undergo an audit or audits as set forth 1n the Single Audit

Act and OMB Circular A-133?

b If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit

or audits exola1n whv 1n Schedule O and describe anv steos taken to underoo such audits

032012 12-21-10

12

4,503,330. 3,944,624.

558,706. 2,160,154.

<82,643.> 2 I 636 I 2_1_7 o

Yes No

2a X 2b X

2c X

3a x

3b Form 990 (201 0)


SCHEDULE A (Form 990 or 990-EZ)

Department of the Treasury Internal Revenue Service

Public Charity Status and Public Support Complete if the organization is a section 501(c)(3) organization or a section

4947(a)(1) nonexempt charitable trust. ~ Attach to Form 990 or Form 990-EZ. ~ See separate instructions.

OMB No 1545-0047

2010 Open to Public

Inspection

Name of the organization Employer identification number

FreedomWorks Foundation, Inc. 52-1526916

The organization 1s not a private foundation because 1t 1s. (For lines 1 through 11, check only one box.)

____ 1_,D A church, conv_e_rit1on_otchurches,_or_assoc1atJon_of_churches-described-in section-170(b)(-1)(A)(i).-------------------

2 D A school described 1n section 170(b)(1)(A)(ii). (Attach Schedule E)

3 D A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

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

c1ty,andstate:~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 5 D An organization operated for the benefit of a college or university owned or operated by a governmental unit described in

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

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

7 00 An organization that normally receives a substantial part of ,ts support from a governmental un,t or from the general public described ,n

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

8 D A community trust described in 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

act1v1t1es 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 organization after June 30, 1975.

See section 509(a)(2). (Complete Part 111.)

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

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 organizations described 1n section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box that

describes the type of supporting organization and complete lines 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 d1squalif1ed persons other than

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

g

If the organization received a written determ1nat1on from the IRS that 1t 1s a Type I, Type II, or Type Ill

supporting organization, check this box

Since August 17, 2006, has the organization 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 described 1n (11) and (i11) below,

the governing body of the supported organization?

Yes No

(ii) A family member of a person described in (1) above?

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

h Provide the following 1nformat1on about the supported organizat,on(s).

(I) Name of supported (il)EIN (iii) Type of (Iv) Is the organization organizatmn n col. (I) listed m your organization (described on Imes 1-9

above or IRC section governing document?

(see Instructions)) Yes No

Total

LHA For Paperwork Reduction Act Notice, see the Instructions for

Form 990 or 990-EZ.

032021 12-21-10

13

(v) Did you notify the (vi) Is the (vii) Amount of organization m col. organization m col.

(I) organized m the support (i) of your support? U.S.?

Yes No Yes No

Schedule A (Form 990 or 990-EZ) 2010


Calendar year (or fiscal year beginning In) .... (a) 2006 (bl 2007 (cl 2008 (dl2009 (el 2010 (fl Total 1 Gifts, grants, contributions, and

membership fees received. (Do not

include any "unusual grants.") 4157870. 4010100. 2936908. 3931825. 4485499. 19522202. 2_ Tax revenuesJev1edJor_the_organ-_

1zat1on's benefit and either paid to

or expended on its behalf

3 The value of services or fac1l1t1es

furnished by a governmental unit to the organization without charge

4 Total. Add lines 1 through 3 4157870. 4010100. 2936908. 3931825. 4485499. 19522202. 5 The portion of total contributions

by each person (other than a

governmental unit or publicly

supported organization) included

on line 1 that exceeds 2% of the

amount shown on line 11,

column (f) 4285006. 6 Public sunnort. Subtract line 5 lrom hne 4 15237196.

Section B. Total Support Calendar year (or fiscal year beginning in) .... (a) 2006 (bl 2007 (c)2008 (d) 2009 (el 2010 (f) Total

7 Amounts from line 4 4157870. 4010100. 2936908. 3931825. 4485499. 19522202. 8 Gross income from interest,

d1v1dends, payments received on

securities loans, rents, royalties

and income from s1m1lar sources 266,363. 190,851. 211,752. 36,819. 72. 705,857. 9 Net income from unrelated business

act1v1t1es, whether or not the

business 1s regularly carried on

10 Other income. Do not include gain

or loss from the sale of capital

assets (Explain 1n Part IV) 214. 500. 74,543. 16,489. 91,746. 11 Total support. Add Imes 7 through 10 20319805. 12 Gross receipts from related act1v1t1es, etc. (see 1nstruct1ons) 12 I 13 First five years. If the Form 990 1s for the organization's first, second, third, fourth, or fifth tax year as a section 501 (c)(3)

D

14 Public support percentage for 2010 (line 6, column (f) d1v1ded by line 11, column (f))

15 Public support percentage from 2009 Schedule A, Part II, line 14

14 74.99 % 15 65.51 %

16a 33 1/3% support test - 2010. If the organization did not check the box on line 13, and line 14 1s 33 1 /3% or more, check this box and

stop here. The organization qualifies as a publicly supported organization

b 33 1/3% support test - 2009. If the organization did not check a box on line 13 or 16a, and line 15 1s 33 1 /3% or more, check this box

and stop here. The organization qualifies as a publicly supported organization

17a 10% -facts-and-circumstances test - 2010.lf the organ1zat1on did not check a box on line 13, 16a, or 16b, and hne 14 is 10% or more,

and 1f the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain 1n Part IV how the organization

meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization

b 10% -facts-and-circumstances test - 2009.lf the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 1s 10% or

more, and 1f the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part IV how the

organization meets the "facts-and-circumstances• test. The organization qualifies as a publicly supported organization .... D 18 Private foundation. If the organization did not check a box on hne 131 16a. 16b1 17a1 or 17b1 check this box and see instructions .... D

032022 12-21-10

13440601 739466 FWFoundation

Schedule A (Form 990 or 990-EZ) 2010

14 2010.03010 FreedomWorks Foundation, In FWFOUNDl

Pa e3 rgamzat1ons

(Complete only 1f you checked the box on line 9 of Part I or 1f the organization failed to qualify under Part II If the organization fails to

qualify under the tests listed below, please complete Part II.) Section A. Public Support Calendar year (or fiscal year beginning In)~ (al2006 (bl 2007 (cl 2008 (dl 2009 (el 2010 (fl Total

1 Gifts, grants, contributions, and

membership fees received. (Do not

include any "unusual grants.")

2_Gross_rece1ptsJrom_adm1ss1ons, merchandise sold or services per-formed, or fac1l1t1es furnished 1n any act1v1ty that 1s related to the organization's tax-exempt purpose

3 Gross receipts from act1v1t1es that

are not an unrelated trade or bus-

1ness under section 513

4 Tax revenues levied for the organ-

izat1on's benefit and either paid to

or expended on its behalf

5 The value of services or facilities

furnished by a governmental unit to

the organization without charge

6 Total. Add lines 1 through 5

7a Amounts included on lines 1, 2, and

3 received from d1squal1f1ed persons b Amounts Included on lines 2 and 3 received

from other than dosquahfoed persons that exceed the greater of $5,000 or 1% of the amount on lme 13 for the year

c Add lines 7a and 7b

8 Public suooort ,~uhor,c• line 7c trnm lines 1

Section B. Total Support Calendar year (or fiscal year beginning In)~ (a) 2006 (b) 2007 (cl 2008 (dl 2009 (el 2010 (fl Total

9 Amounts from line 6 10a Gross income from interest,

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

b Unrelated business taxable income

(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

activ1t1es not included 1n line 1 Ob, whether or not the business 1s regularly carried on

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

13 Total support(Add lines 9, 1oc, 11, and 12)

14 First five years. If the Form 990 is for the organization'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 15 Public support percentage for 2010 (line 8, column (f) d1v1ded by line 13, column (f))

16 Public su ort ercenta e from 2009 Schedule A, Part Ill, line 15

Section D. Computation of Investment Income Percentage 17 Investment income percentage for 2010 (line 1 Oc, column (f) d1v1ded by line 13, column (f))

15

16

17

%

%

%

18 Investment income percentage from 2009 Schedule A, Part Ill, line 17 ._1_8__. _____________ %

19a 33 1/3% support tests • 2010. If the organization 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 organization qualifies as a publicly supported organization

b 33 1/3% support tests - 2009. If the organization did not check a box on line 14 or line 19a, and line 16 1s more than 33 1 /3%, and

line 18 1s not more than 33 1 /3%, check this box and stop here. The organization qualifies as a publicly supported organization ~ D 20 Private foundation. If the organization did not check a box on line 141 19a1 or 19b 1 check this box and see instructions ~ D 032023 12-21-10 Schedule A (Form 990 or 990-EZ) 2010


S~hed~leA.Form990or990· 2010 FreedomWorks Foundation, Inc. 52-1526916 Pa e4

art Supplemental Information. Complete this part to provide the explanations required by Part II, line 1 O; Part II, line 17a or 17b; and Part Ill, line 12. Also complete this part for any add1t1onal 1nformat1on (See instructions).

Schedule A, Part II, Line 10, Explanation for Other Income:

Other program revenue

032024 12-21-10 Schedule A (Form 990 or 990-EZ) 2010 16


I

\1 / SCHED.Ut:.E D Supplemental Financial Statements 2010

OMB No 1545-0047

(Form 990)

Department ol the Treasury Internal Revenue Service

~ Complete if the organization answered "Yes," to Form 990, Part IV, line 6, 7, 8, 9, 10, 11, or 12.

~ Attach to Form 990. ~ See separate instructions. Open to Public Inspection

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 ,f the

organization 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 . ____ ----~ •• -- • •om .. ,

2 Aggregate contributions to (during year)

3 Aggregate grants from (during year)

4 Aggregate value at end of year

5 Did the organization inform all donors and donor advisors in writing that the assets held ,n donor advised funds

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

6 Did the organization inform all grantees, donors, and donor advisors 1n writing that grant funds can be used only

for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring

1m erm1ss1ble rivate benefit? Part II Conservation Easements. Complete 1f the organization answered "Yes" to Form 990, Part IV, line 7.

Dves

Dves

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

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

D Protection of natural habitat D Preservation of a cert1f1ed historic structure

D Preservation of open space

DNo

DNo

2 Complete lines 2a through 2d 1f the organization held a qualified conservation contribution 1n the form of a conservation easement on the last

day of the tax year. Held at the End of the Tax Year

a Total number of conservation easements

b Total acreage restricted by conservation easements

c Number of conservation easements on a cert1f1ed historic structure included 1n (a)

d Number of conservation easements included 1n (c) acquired after 8/17 /06, and not on a historic structure

listed ,n the National Register

2a

2b

2c

2d

3 Number of conservation easements mod1f1ed, transferred, released, extinguished, or terminated by the organization during the tax

year~-------4 Number of states where property subject to conservation easement 1s located ~ -------5 Does the organization have a written policy regarding the periodic monitoring, 1nspect1on, handling of

v1olat1ons, and enforcement of the conservation easements 1t holds? Dves

6 Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year~

7 Amount of expenses incurred 1n monitoring, inspecting, and enforcing conservation easements during the year~ $ -------8 Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i)

and section 170(h)(4)(B)(11)? Dves

DNo

DNo

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

include, 1f applicable, the text of the footnote to the organization's financial statements that describes the organization's accounting for

conservation easements. I Part Ill I Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.

Complete 1f the organization answered "Yes" to Form 990, Part IV, line 8.

1a If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in ,ts revenue statement and balance sheet works of art,

historical treasures, or other s1m1lar assets held for public exh1b1t1on, education, or research 1n furtherance of public service, provide, 1n Part XIV,

the text of the footnote to its financial statements that describes these items.

b If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical

treasures, or other similar assets held for public exh1b1t1on, education, or research 1n furtherance of public service, provide the following amounts

relating to these items:

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

(ii) Assets included in Form 990, Part X

~ $ _______ _ ~$ _______ _

2 If the organization received or held works of art, historical treasures, or other similar assets for f1nanc1al gain, provide

the following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:

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

b Assets included in Form 990, Part X

LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990. 032051 12-20-10

22

~$ _______ _

~ $ _______ _

Schedule D (Form 990) 2010


S~heduleD.Form990 2010 FreedomWorks Foundation, Inc. 52-1526916 Pa e2

Part Ill Or anizations Maintainin Collections of Art, Historical Treasures, or Other Similar Assets (continued)

3 llsing the organization's acqu1sit1on, accession, and other records, check any of the following that are a s1gnif1cant use of its collection items (check all that apply)·

a D Public exh1b1t1on

b D Scholarly research d D Loan or exchange programs

e D Other c D Preservation for future generations

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

4 Provide a description of the organization's collections and explain how they further the organization's exempt purpose in Part XIV.

5 During the year, did the organization sol1c1t or receive donations of art, historical treasures, or other s1m1lar assets

to be sold to raise funds rather than to be ma1nta1ned as art of the or anization's collection? D Yes D No

Part IV Escrow and Custodial Arrangements. Complete 1f the organization answered "Yes" to Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

1a Is the organization an agent, trustee, custodian or other intermediary for contnbut1ons or other assets not included

on Form 990, Part X?

b If "Yes," explain the arrangement in Part XIV and complete the following table:

c Beginning balance

d Add1t1ons dunng the year

e Distnbutions dunng the year

Ending balance

2a Did the organization include an amount on Form 990, Part X, line 21?

b Y XIV If" es exolain the arranaement in Part I Part V I Endowment Funds. Complete 1f the organization answered "Yes" to Form 990, Part IV, line 1 O.

1c

1d

1e

1f

DYes

Amount

LJYes

DNo

LJ No

(al Current vear (bl Prior year (cl Two years back (dl Three years back {el Four years back

1a Beginning of year balance

b Contnbut1ons

c Net investment earnings, gains, and losses

d Grants or scholarships

e Other expenditures for fac11it1es

and programs

f Administrative expenses

g End of year balance

2 Provide the estimated percentage of the year end balance held as:

a Board designated or quasi-endowment .... %

b Permanent endowment .... %

c Term endowment .... %

3a Are there endowment funds not 1n the possession of the organization that are held and administered for the organization

by:

4

(i) unrelated organizations

(ii) related organizations

b If "Yes" to 3a(11), are the related organizations listed as required on Schedule R?

f h d f d Descnbe 1n Part XIV the intended uses o t e oraanizat1on's en owment un s I Part VI I Land, Buildings, and Equipment. See Form 990, Part x. line 1 o.

Description of investment (a) Cost or other (b) Cost or other basis (investment) basis (other)

1a Land

b Buildings

c Leasehold improvements

d Equipment

e Other Total. Add lines 1 a throuoh 1 e (Column (d) must eaual Form 990, Part X, column (BJ, /me 10(c) J

(c) Accumulated deprec1at1on

~

Yes No

3afil

3a(iil

3b

(d) Book value

o. Schedule D (Form 990) 2010

032052 1~-20-10

13440601 739466 FWFoundation 23

2010.03010 FreedomWorks Foundation, In FWFOUNDl

:

'

Schedule D (Form 9901 2010 FreedomWorks Foundation, Inc. 52-1526916 Page3

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: (including name of security) Cost or end-of-year market value

(1) F1nanc1al derivatives

(2) Closely-held equity interests

(3) Other

(Al Private equity, (Bl restricted use 989,472. End-of-Year Market Value (Cl

(Dl

(E\

(F)

(Gl

(Hl

(I)

Total. (Col (b) must eQual Form 990, Part X, col (B) hne 12.) ~ 989,472. I Part VIII I Investments - Program Related. See Form 990, Part x, hne 13.

(a) Description of investment type (b) Book value (c) Method of valuation:

Cost or end-of-year market value

(1 l

(2)

(31

(4)

(51

(6)

(71

(81

(9)

(10)

Total (Col (b) must eQual Form 990, Part X, col (B) line 13.) ~

I Part IX I Other Assets. See Form 990, Part X, line 15.

(a) Description

(1)

(2)

(3)

(4)

(5)

(6)

(71

(8)

(91

(10)

Total. (Column (b) must eaua/ Form 990, Part X, col (B) /me 15)

I Part X I Other Liabilities. See Form 990, Part x, line 25.

1. (a) Description of hab1hty

(1) Federal income taxes

(2) Due to related organization (31

(41

(5)

(6)

(71

(8)

(9)

(10)

(11)

Total. (Column (b) must equal Form 990, Part X, col (B) /me 25) " "+O ,,,........ '"!'I ..,,., .. ,.., .... 1n w A.IV, ~ ................ 1ne ........ 01 uu, ......... , .... u lU Liii; -·:,-·

032053 12-20-10

2, FIN 48 (ASC 7 40)

(b) Book value

~

(b)Amount

523,210.

~ 523,210. ;;a,•••·-•·-·- ;;a,,u,.,,,,,..1uw1 UICU .,.,....,.,, .. UIC' ... ··-- • 1 IUI .. , ,,......, ,.,.,. LdA t-'"'""'"'"'' ,..,. ..,, ,..,._..

Schedule D (Form 990) 2010 24


I

Schedule D (Form 990) 201 O FreedomWorks Foundation, Inc. 52-1526916 Page4

I Part XI I Reconciliation of Change in Net Assets from Form 990 to Audited Financial Statements 1 rotal revenue (Form 990, Part VIII, column (A), line 12) 1 4,503,330. 2 Total expenses (Form 990, Part IX, column (A), line 25) 2 3,944,624. 3 Excess or (def1c1t) for the year. Subtract line 2 from line 1 3 558,706. 4 Net unrealized gains (losses) on investments 4 <82,643.> 5 Donated services and use of fac1l1t1es 5

6 Investment expenses 6

7 Prior period adjustments 7

8 Other (Describe 1n Part XIV)_,, 8

9 Total adjustments (net). Add lines 4 through 8 9 <82,643.> 10 Excess or (def1c1tl for the vear oer audited financial statements. Combine lines 3 and 9 10 476,063.

I Part XII I Reconciliation of Revenue per Audited Financial Statements With Revenue per Return 1 Total revenue, gains, and other support per audited financial statements 1 4,423,237. 2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:

a Net unrealized gains on investments 2a <82,643.1> b Donated services and use of fac11it1es 2b 2,550. c Recoveries of prior year grants 2c

d Other (Describe in Part XIV.) 2d

e Add lines 2a through 2d 2e <80,093.> 3 Subtract line 2e from line 1 3 4,503,330. 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 ?b I 4a I b Other (Describe in Part XIV ) 4b

c Add lines 4a and 4b 4c 0. 5 Total revenue Add lines 3 and 4c. (This must eoua/ Form 990, Part I, /me 12 J 5 4,503,330.

I Part XIIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return 1 Total expenses and losses per audited financial statements 1 3,947,174. 2 Amounts included on line 1 but not on Form 990, Part IX, line 25:

a Donated services and use of fac11it1es 2a 2,550. b Prior year adjustments 2b

c Other losses 2c

d Other (Describe in Part XIV.) 2d

e Add lines 2a through 2d 2e 2,550. 3 Subtract line 2e from line 1 3 3,944,624. 4 Amounts included on Form 990, Part IX, line 25, but not on line 1:

I 4a I a Investment expenses not included on Form 990, Part VIII, line ?b

b Other (Describe in Part XIV ) 4b

c Add lines 4a and 4b 4c 0. 5 Total exoenses. Add lines 3 and 4c. (This must eaua/ Form 990, Part/, /me 18) 5 3,944,o:i4.

I Part XIVI Supplemental Information Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part Ill, lines 1 a and 4; Part IV, lines 1 b and 2b, Part V, line 4; Part

X, line 2; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, Imes 2d and 4b. Also complete this part to provide any additional 1nformat1on. Part X, Line 2: The Foundation had no significant uncertain tax

positions for the year ended December 31, 2010.

032054 12-20-10

25

Schedule D (Form 990) 2010


SCHEDU(.E F (Form 990)


Name of the organization

Statement of Activities Outside the United States ..... Complete if the organization answered "Yes" to Form 990,

Part IV, line 14b, 15, or 16. ..... Attach to Form 990. ..... See separate instructions.

OMB No 1545-004 7

2010 Open to Public Inspection

Employer identification number

FreedomWorks Foundation, Inc. 52-1526916 I Part I I General Information on Activities Outside the United States. Complete 1f the organization answered "Yes"

to Form 990, Part IV, line 14b

____ 1 __ F~o_r grantmakers. Does_1he_organ1zat1on_ma1ntam_records-to substantiate-the-amount-of-the grants-or-ass1stance,the--------------

grantees' elig1b1l1ty for the grants or assistance, and the selection criteria used to award the grants or assistance? EXJ Yes D No

2 For grantmakers. Describe 1n Part V the organization's procedures for monitoring the use of grant funds outside the United States.

3 Act1v1t1es cer Rea1on. (The following Part I, line 3 table can be duplicated 1f add1t1onal space 1s needed.)

(a) Region (b) Number of (c) Number of (d) Act1v1t1es conducted in region offices employees, (by type) (e.g., fundra1s1ng, program

1n the region agents, and

services, investments, grants to mderrendent con ractors recipients located 1n the region)

in remon

Europe (Including Contribution to recipient

Iceland & Greenland) 0 0 ~ocated in region,

3a Sub-total 0 0

b Total from continuation

sheets to Part I 0 0

c Totals (add lines 3a

and 3bl 0 0

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

032071 12-20-10

26

(e) If act1v1ty listed 1n (d) (f) Total 1s a program service, expenditures

describe specific type for and investments

of serv1ce(s) in region 1n region

109,000,

109,000,

0.

109,000,

Schedule F (Form 990) 2010


ScheduleF(Form990)2010 FreedomWorks Foundation, Inc. 52-1526916 Paoe2

Part II I Grants and Other Assistance to Organizations or Entities Outside the United States. Complete 1f the organization answered "Yes" to Form 990, Part IV, line 15, for any

recipient who received more than $5,000. Check this box 1f no one rec1p1ent received more than $5,000 I . ~o Part II can be duplicated 1f add1t1onal space 1s needed. I

1 (g) Amount of (b) IRS code section (d) Purpose of (e)Amount (t} Manner of (a) Name of organization (c) Region non-cash

and EIN (1f applicable) grant of cash grant cash disbursement assistance

~urope (Including General support of

Iceland & he Organization's

Greenland) mission. 109,000. ;.Jire transfers 0.

2 Enter total number of rec1p1ent organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by

the IRS, or for which the grantee or counsel has provided a section 501 (c)(3) equ1valency letter ~

3 Enter total number of other or~1zat1ons or entities

032072 12-20-10 27

I (h) Desc~1pt1on (i) Method of

of non-cash ~aluat1on (book, FMV, ass1sta;nce appraisal, other)

I

1 Schedule F (Form 990) 2010

Schedule F {Form 990! 201 O FreedomWorks Foundation, Inc. 52-1526916 Page3

Part Ill Grants and Other Assistance to Individuals Outside the United States. Complete 1f the organization answered "Yes" to Form 990, Part IV, hne 16.

Part Ill can be duplicated 1f addrt:1onal space 1s needed.

(a) Type of grant or assistance (b) Region (c) Number of (d) Amount of (e) Manner of (f) Amount of (g) Descript1dn of (h) Method of

rec1p1ents cash grant cash disbursement non-cash non-cash assistance valuation . assistance

I (book, FMV,

appraisal, other)


032073 28 12-20-10

FreedomWorks Foundation, Inc.

1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If 'Yes,' the

organization may be required to fife Form 926, Return by a U.S. Transferor of Property to a Foreign

Corporation (see Instructions for Form 926)

2 Did the organization have an interest in a foreign trust during the tax year? If 'Yes,• the organization

may be required to file Form 3520, Annual Return to Report Transactions with Foreign Trusts and

52-1526916 Pa e4

D Yes [X] No

Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Fore1g_n_1i_ru_s_t_W._'tth ______ ~=~--=~------a US Owner (see Instructions for Forms 3520 and 3520-A) .. .. .. . . .. . .. .. .. .. .. . . .. .. .. .. .. .. .. .. .. .. .. .. . .. .. .. .. .. .. .. .. D Yes 00 No

3

4

5

6

Did the organization have an ownership interest 1n a foreign corporation during the tax year? If 'Yes,'

the organization may be required to fife Form 54 71, Information Return of U.S. Persons with respect to

Certain Foreign Corporations (see lnstruct,ons for Form 5471)

Was the organization a direct or 1nd1rect shareholder of a passive foreign investment company or a

qualified electing fund during the tax year? If 'Yes,' the organtzat1on may be required to fife Form 8621,

Return by a Shareholder of a Passive Foreign Investment Company or Quaflf1ed Electing Fund. (see

Instructions for Form 8621)

Did the organization have an ownership interest 1n a foreign partnership during the tax year? If 'Yes,'

the organization may be reqwred to file Form 8865, Return of U.S Persons with respect to Certain

Foreign Partnerships (see Instructions for Form 8865)

Did the organization have any operations 1n or related to any boycotting countries during the tax year? If

'Yes,' the organization may be reqwred to fife Form 5713, lnternat1onal Boycott Report (see Instructions

for Form 5713)

032074 12-20-10

29

DYes [X] No

DYes 00 No

DYes 00 No

D Yes 00 No



Schedule F Farm99D 2010 FreedomWorks Foundation, Inc. 5 2 -15 2 6 916 Pa e 5

Supplemental Information Complete this part to provide the 1nformat1on required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method);

Part II, line 1 (accounting method); Part Ill (accounting method), and Part Ill, column (c) (estimated number of recipients), as applicable.

Also complete this part to provide any add1t1onal 1nformat1on.

Schedule F, Part I, Line 2: Contributions are made to support

organizations with similar goals and missions.

032075 12-20-10 Schedule F (Form 990) 2010 30


SCHEDULt G (Form 990 or 990-EZ)

Supplemental Information Regarding Fundraising or Gaming Activities

OMB No 1545-0047

2010 Department of the Treasury Internal Revenue Service

Complete if the organization answered "Yes" to Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. Open To Pubhc

Inspection Attach to Form 990 or Form 990-EZ. Seese arate instructions. Name of the organization Employer identification number


I Part I I Fundraising Activities. Complete 1f the organization answered "Yes' to Form 990, Part IV, hne 17. Form 990-EZ filers are not required to complete this part.

____ 1_1_nd1cate whether the organ1zat1on_ra1sedJunds_through any-of-the-following act1v1t1es.Check-all-that-apply-. ------------------

a 00 Mail sohc1tat1ons e [X] Solicitation of non-government grants

b 00 Internet and email sohc1tat1ons f D Solic1tat1on of government grants

c CXJ Phone sohc1tat1ons g D Special fundraising events

d CXJ In-person solic1tat1ons

2 a Did the organization have a written or oral agreement with any ind1v1dual (1nclud1ng officers, directors, trustees or

key employees listed 1n Form 990, Part VII) or entity 1n connection with professional fundra1s1ng services? 00Yes DNo

b If "Yes," list the ten highest paid md1v1duals or ent1t1es (fundra1sers) pursuant to agreements under which the fundra1ser 1s to be

compensated at least $5,000 by the organization.

(i) Name and address of 1nd1v1dual (ii~ Did

(iv) Gross receipts (v) Amount paid (vi) Amount paid tun raiser to (or retained by)

or entity (fundra1ser) (ii) Act1v1ty h!v~o~~s~r~r from act1v1ty fund raiser to (or retained by)

contnbut1ons? listed in col. (i) organization

Stephen Clouse & Associates, Yes No Inc, - 43538 Golden Meadow IFundraising Counsel x 558,959, 11,138, 547,821,

Clearword Communication

Group, Inc, - 12841 Braemar Direct Mail Services x 289,541. 15,018, 274,523,

Total ~ 848,500, 26,156, 822,344,

3 List all states 1n which the organization 1s registered or licensed to sohc1t contributions 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,NV,NH,NM,NY,NC,ND,0H,0K,0R,NH,PA,RI,SC,SD,TN,TX,UT,VT,VA,WA,WV,WI,WY

LHA Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule G (Form 990 or 990-EZ) 2010 See Part IV for continuations

032081 01-13-11


2010 FreedomWorks Foundation, Inc. 52-1526916 Pa e2 un raising vents. Complete 1f the organization answered "Yes• to Form 990, Part IV, line 18, or reported more than $15,000

of fund raising event contributions and gross income on Form 990-EZ, lines 1 and 6b List events wrth gross receipts greater than $5,000.

(a) Event #1 (bl Event #2 (c) Other events (d) Total events

(add col. (a) through

col. (c)) I Q) (event type) (event type) (total number)

::J I c

Q) > 1 Gross receipts Q)

a:

2 Less: Charitable contributions

3 Gross income (line 1 minus line 2)

4 Cash prizes

IJ) 5 Noncash prizes Q) IJ)

' c Q)

I c. 6 RenVfac1l1ty costs ~ t5 11! ci

7 Food and beverages

8 Entertainment

9 Other direct expenses

10 Direct expense summary. Add lines 4 through 9 1n column (d) ~ ( l

11 Net income summarv. Combine line 3 column (dl and line 10 • I Part Ill 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

::J bingo/progressive bingo col. (a) through col. (c)) c Q) > Q)

a: 1 Gross revenue

IJ) 2 Cash prizes Q) IJ) c Q)

Noncash prizes c. 3 ~ t5 11! 4 RenVfac1l1ty costs ci

5 Other direct expenses

LJYes % LJYes % LJYes % I

DNo DNo DNo ~ ,< ·:. \

. I

6 Volunteer labor I

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

8 Net oam1no income summary Combine line 1 column d and line 7 • 9 Enter the state(s) 1n which the organization operates gaming act1vrt1es: ------------------.,.......,...--.,....-,--

a Is the organization licensed to operate gaming act1v1ties 1n each of these states? LJ Yes LJ No

b If "No," explain: --------------------------------------------

10a Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? LJ Yes LJ No

b If "Yes," explain:--------------------------------------------

032082 01-13-11 Schedule G (Form 990 or 990-EZ) 2010


Schedule G Form990or990- 2010 FreedomWorks Foundation, Inc. 11 Does the organization operate gaming act1v1t1es with nonmembers?

12 Is the organization a grantor, benef1c1ary or trustee of a trust or a member of a partnership or other entity formed

to administer charitable gaming?

13 Indicate the percentage of gaming act1v1ty operated in:

a The organization's facility

b An outside facility

14 Enter the name and address of the person who prepares the organization's gam1ng/spec1al events books and records:

Name ....

No

Dves DNo

13a % 13b %

Address .... ---------------------------------------------

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

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

of gaming revenue retained by the third party .... $ -------c If "Yes," enter name and address of the third party:

and the amount -------

Dves D No

Name .... ----------------------------------------------

Address .... ---------------------------------------------

16 Gaming manager 1nformat1on.

Name .... ----------------------------------------------

Gaming manager compensation .... $ -------

Description of services provided .... -------------------------------------

D Director/officer D Employee D Independent contractor

17 Mandatory d1stribut1ons:

a Is the organization required under state law to make charitable d1stribut1ons from the gaming proceeds to

retain the state gaming license?

b Enter the amount of d1stribut1ons required under state law to be distributed to other exempt organizations or spent 1n the

or anizat1on's own exem t activ1t1es durin the tax ear $

Dves DNo

Part IV Supplemental Information. Complete this part to provide the explanations required by Part I, line 2b, columns (111) and (v), and Part Ill,

lines 9, 9b, 1 Ob, 15b, 15c, 16, and 1 ?b, as applicable. Also complete this part to provide any add1t1onal 1nformat1on (see 1nstruct1ons).

Schedule G, Part I, Line 2b, List of Ten Highest Paid Fundraisers:

(i) Name of Fundraiser: Stephen Clouse & Associates, Inc.

(i) Address of Fundraiser: 43538 Golden Meadow Circle, Ashburn, VA 20147

(i) Name of Fundraiser: Clearword Communication Group, Inc.

(i) Address of Fundraiser:

12841 Braemar Village Plaza, #51, Bristow, VA 20136

032083 01-13-11 Schedule G (Form 990 or 990-EZ) 2010 33


SCHEDULE I (Form 990)



Grants and Other Assistance to Organizations,

Governments, and Individuals in the United States

Complete if the organization answered "Yes" to Form 990, Part IV, line 21 or 22.

~ Attach to Form 990.

FreedomWorks Foundation, Inc. I Part h~i:I General Information_ on Grants and Assistan~

OMB No 1545-0047

2010 Open to Public

Inspection

I Employer identification number

I 52-1526916

1 Does the organization ma1nta1n records to substantiate the amount of the grants or assistance, the grantees' elig1b11ity for the grants or assistance, and the selection

criteria used to award the grants or assistance? l [X] Yes 0No 2 Describe 1n Part IV the orQanizat1on's procedures for monitorinQ the use of qrant funds 1n the United States I Part~ll--'.·j Grants and Other Assistance to Governments and Organizations in the United States. Complete 1f the organization answered "Yes" to Form 990, Part IV, line 21, for any

I .. . . ·•r - . -· (f)llllethoa oT ·- - - ~

1 (a) Name and address of organization (b) EIN (c) IRC section (d) Amount of (e) Amount of (g) Description of (h) Purpose of grant or government 1f applicable cash grant non-cash valuation (book,

non-cash assistance or assistance FMV, appraisal, assistance other)

Advance America I 101 w. Ohio Street beneral support of the

Indianapolis, IN 46204 35-1510587 20,000. o. pJganization's mission.

Indiana Right to Life Education

I Trust Fund - 8520 Allison Pointe

Blvd, Suite 220 - Indianapolis, IN General support of the

46250 35-1816219 501(c)(3) 20,000. 0. b~ganization's mission.

~he purpose of the grant

Ground Floor LLC ti.al the production and

110 Arnold Mill Park, Suite 200 ~Jstribution of a film

Woodstock, GA 30188 20-4039366 15,000. 0. a)11ed "Runaway Slave"; a

2

3

Enter total number of section 501 (c)(3) and government organizations I ~ 1 . Enter total number of other organizations I ~ 2 •

LHA For Paperwor1< Reduction Act Notice, see the Instructions for Form 990. [Schedule I (Form 990) (2010) See Part IV for Column (h) descriptions

032101 01-13-11 34

Schedule 1 (Fonn 990) 120101 FreedomWorks Foundation, Inc. 52-1526916 Paqe2 Part III l Grants and Other Assistance to Individuals in the United States. Complete 1f the organization answered "Yes" to Form 990, Part IV, hne 22.

Part JJI can be duphcated 1f addrt1onal space 1s needed.

(a) Type of grant or assistance (b) Number of (c) Amount of (d) Amount of non- (e) Method of valuation (f) Deschpt1on of non-cash assistance rec1p1ents cash grant cash assistance (book, FMV, appraisal, other) I .

I Part IV I Suoolemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional 1nformat1on. I

Schedule I, Part I, Line 2: The Foundation reviews expenses to ensure they

are in line with the proposed budget.

Part II, line l, Column {h}:

Name of Organization or Government: Ground Floor LLC

{h} Purpose of Grant or Assistance: The purpose of the grant is the

production and distribution of a film called "Runaway Slave"; a

compelli~g journey of one person across the United States to address the

complex issues of race and politics. 032102 01-13-11 35 Schedule I (Form 990) (2010)

. SCHEDULEJ (Form 990)


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

Compensated Employees lill-Complete if the organization answered "Yes" to Form 990,

Part IV, line 23. ..... Attach to Form 990. lill-See separate instructions.

OMB No 1545-0047

2010 Open to Public

Inspection

FreedomWorks Foundation, Inc. Name of the organization

I Employer identification number

52-1526916 I Part I I Questions Regarding Compensation

Yes No

1a Check the appropriate box(es) 1f th~o_r:g?n1zat10__1J_prov1d_e.d_any_ofJheJollowing_to_or-for---a-person-listed-1n-Form-990-, ---- -~ -- -

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

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

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

D Tax 1ndemnif1cat1on and gross-up payments D Health or social club dues or init1at1on fees

D 01scret1onary spending account D Personal services (e.g., maid, chauffeur, chef)

b If any of the boxes on line 1 a are checked, did the organization follow a written 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 substantiation prior to reimbursing or allowing expenses incurred by all officers, directors,

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

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 Written employment contract

D Independent compensation consultant [XJ Compensation survey or study

[X] Form 990 of other organizations [X] Approval by the board or compensation committee

4 During the year, did any person listed in Form 990, Part VII, Section A, line 1 a, with respect to the f1l1ng

organization or a related organization:

a Receive a severance payment or change-of-control payment from the organization or a related organization?

b Part1c1pate in, or receive payment from, a supplemental nonqual1f1ed retirement plan?

c Part1c1pate 1n, or receive payment from, an eqwty-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 section 501(c)(3) and 501(c)(4) organizations must complete lines 5-9.

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

contingent on the revenues of:

a The organization?

b Any related organization?

If "Yes" to line Sa or Sb, describe 1n Part Ill.

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

contingent on the net earnings of:

a The organization?

b Any related organization?

If "Yes" to line 6a or 6b, describe 1n Part Ill.

7 For persons listed 1n Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed payments

not described 1n lines 5 and 6? If "Yes," describe 1n Part Ill

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

1n1t1al contract exception described 1n Regulations section 53.4958-4(a)(3)? If "Yes," describe in Part Ill

9 If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described 1n

Reaulat1ons section 53 4958-Slc\?

1b X

2 x

4a x 4b x 4c x

5a x 5b x

6a x 6b x

7 x

8 x

9

LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule J (Form 990) 2010

032111 12-21-10

13440601 739466 FWFoundation 36


Schedule J (Form 990) 201 O FreedomWorks Foundation, Inc. 52-1526916 Paqe2

Part II I Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each 1nd1v1dual whose compensation must be reported 1n Schedule J, report compensation from the organization on row (1) and from related orgamzat1ons, describe~ 1n the 1nstruct1ons, on row (11) Do not list any individuals that are not listed on Form 990, Part VII

Note. The sum of columns (B)(i)-(11i) 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) ce1 (Fl Retirement and Nontaxable Total of tolumns Compensation

(i) Base (ii) Bonus & (iii) Other other deferred I

(A) Name benefits (B)(1)-(D) reported 1n prior compensation 1ncent1ve reportable compensation

I Form 990 or

compensation compensation Form990-EZ

(i) 119,302. 0 . 5,084. 7,197. 8,082. 13~,665. 0. 1 Matt Kibbe (ii) 155,698. 0. 6,572. 9,303. 10,447. 182,020. 0.

(i) 250,000. 0. 0. 0. 0. 250,000. 0. 2 Hon. Richard K. Armey (ii) 250,000. 0. 0 . 0. 0. 250,000. 0.

(il 70,809. 16,125. 636. 4,053. 7,556. 99,,179. 0. 3 Judi th Mulcahy (ii) 79,191. 21,375. 844. 5,372. 10,016. ll~,798. 0.

(i) 91,814. 22,500. 973. 10,846. 5,970. 132,103. 0. 4 Wayne Brough (ii) 48,290. 0. 507. 5,654. 3,113. 571, 564. 0.

(i) 53,564. 10,875. 176. 0. 2,623. 671, 238. 0. s Mary Byrne (ii) 92,436. 10,875. 304. 0. 4,517. 1081, 132. o.

(i) 42,656. 12,000. 349. 4,120. 5,960. 651, 085. 0. s Richard Walker (ii) 79,873. 12,000. 651. 7,680. 11,109. 1111, 313. 0.

(il 45,432. 16,250. 443. 6,019. 6,277. 741,421. 0. 1 Adam Brandon (ii) 56,860. 16,250. 557. 7,560. 7,884. 891,111. 0.

(i) 78,860. 15,500. 560. 4,812. 3,691. 1031, 423. o. s Max Pappas (ii) 61,139. 15,500. 440. 3,788. 2,906. 831, 773. 0.

(i) I 9 (ii) I

(il I 10 (ii) I

(i) I 11 (ii) I

(i) I 12 (ii) I

(i) I 13 (ii) I

(i) I 14 (ii) I

(il I 15 (ii) I

(i) I 16 liil I

Schedule J (Form 990) 2010

032112 12-21-10 37

------- --

Schedule J (Form 990) 201 o FreedomWor ks Foundation, Inc • 52-1526916 Paqe3

Part Ill I Supplemental Information

I Complete this part to provide the mfonnat1on, explanation, or descriptions required for Part I, lines 1 a, 1 b, 4c, Sa, Sb, Ga, 6b, 7, and 8 Also complete this part for any add1t1onal 1nformat1on.

I

Part I, Line la: First-class travel: Richard Armey - pursuant to terms of

contract, flies first-class for business trips and, at times, with

companions.

Schedule J (Form 990) 2010

032113 12-21-10 38

SCHEDUL~ L (Form 990 or 990-EZ)



Transactions With Interested Persons .... Complete if the organization answered

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

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

FreedomWorks Foundation, Inc. enef1t ransact1ons {sectron 501 (c){3) and sectron 501 {c){4) organizatrons only}.

OMB No 1545-0047

2010 Open To Public Inspection

Employer identification number

52-1526916

Comolete 1f the orgamzatron answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, lrne 40b.

1 (cl Corrected? --(-bf Descriptron of transaction (a)-Name of d1squalrfred person ___

Yes No

2 Enter the amount of tax rmposed on the orgamzatron managers or d1squalrf1ed persons during the year under

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

I Part Ii I Loans to and/or From Interested Persons. C f ' Y " P IV I 26 F omo ete r the oroamzat1on answered ' es on Form 990, art , 1ne , or orm 990 EZ P rt V I 38 . a , 1ne a.

(a) Name of interested (b) Loan to or from (c) Original principal (d) Balance due (e) In (fl Approvea (g) Written by board or

person and purpose the organization? amount default? .. ? agreement?

To From Yes No Yes No Yes No

Total .... $ I Part Ill I Grants or Assistance Benefiting Interested Persons.

V 27 Comolete 1f the oroamzat1on answered "Yes" on Form 990, Part I , lrne

(a) Name of interested person (b) Relat1onsh1p between interested person and (c) Amount and type of the organization assistance

LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule L (Form 990 or 990-EZ) 2010

032131 12-21-10


I I

FreedomWorks Foundation, Inc. 52-1526916 Pa e2

ersons. Complete 1f the oraanizat1on answered "Yes" on Form 990, Part IV, hne 28a, 28b, or 28c.

(a) Name of interested person (b) Relat1onsh1p between interested (c) Amount of (d) Descnpt1on of {eJ .::,nanng of organization's

person and the organization transaction transaction revenues?

Yes No Dagny, LLC President's spouse 33,000. Management x

I Part V I Supplemental Information Complete this part to provide add1t1onal 1nformat1on for responses to questions on Schedule L (see instructions).

Sch L, Part IV, Business Transactions Involving Interested Persons:

(a) Name of Person: Dagny, LLC

(b) Relationship Between Interested Person and Organization:

President's spouse is 100% owner

(d) Description of Transaction: Management consulting

032132 12-21-10

Schedule L (Form 990 or 990-EZ) 2010


SCHEDUL~ M (Form 990)


Noncash Contributions

~ Complete if the organizations answered "Yes" on Form

990, Part IV, lines 29 or 30.

~ Attach to Form 990.

OMB No 1545-0047

2010 Open to Public

Inspection


FreedomWorks Foundation, Inc. I Employer identification number

52-1526916 I Part I I Types of Property

W 00 ~ ~ Check 1f Number of Noncash contribut1on __

1 ____ Mc:..:..:ce"°"th-'-'occ:d-'---o::cf---:d"-'e'--'t=erm~1~ni~ng ______ _

----------------------,applicable- -contributrons-or- -amounts-reported-on noncash contribution amounts

1 Art - Works of art

2 Art · Historical treasures

3 Art · Fractional interests

4 Books and publications

5 Clothing and household goods

6 Cars and other vehicles

7 Boats and planes

8 Intellectual property

items contributed Form 990 Part VIII line 1 a

9 Securities - Publicly traded x 2 46,438. Fair market value 10 Securities - Closely held stock

11 Securities - Partnership, LLC, or

trust interests

i 12 Securities - Miscellaneous

13 Qualified conservation contribution ·

Historic structures

14 Qualified conservation contribution - Other

15 Real estate - Res1dent1al

16 Real estate - Commercial

17 Real estate - Other

18 Collectibles

19 Food inventory

20 Drugs and medical supplies

21 Taxidermy

22 Historical artifacts

23

24

25

26

27

28

Sc1ent1f1c specimens

Archeolog1cal artifacts

Other ~ (

Other ~ (

Other ~ (

Other ~ (

)

)

)

)

29 Number of Forms 8283 received by the organization during the tax year for contributions

for which the organization completed Form 8283, Part IV, Donee Acknowledgement

30a During the year, did the organization receive by contribution any property reported 1n Part I, lines 1-28 that 1t must hold for

at least three years from the date of the 1nit1al contribution, and which is not required to be used for exempt purposes for

the entire holding period?

b If "Yes," describe the arrangement in Part II. 31 Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?

32a Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions?

b If "Yes," describe 1n Part II.

33 If the organization did not report an amount in column (c) for a type of property for which column (a) 1s checked,

describe 1n Part II.

0 Yes

--

30a

31

32a

No

x

x

x

LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule M (Form 990) (2010)

032141 12-23-10

13440601 739466 FWFoundation 41


SCHEDULl;0

0 (Form 990 or 990-EZ)


Supplemental Information to Form 990 or 990-EZ Complete to provide information for responses to specific questions on

Form 990 or 990-EZ or to provide any additional information. liJJ,, Attach to Form 990 or 990-EZ.

OMB No 1545-004 7

2010 - ~ Open to Public

Inspection


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

policy.

Form 990, Part III, Line 2, New Program Services:

Freedom Connector: The Foundation participated in developing and

launching an online platform enabling people interested in its ideas

and programs to network with each other.

Give me Liberty: Book launch and tour.

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

Grassroots Mobilization: Executing large and medium scale rallies and

other events that broadly promotes our core economic issues.

Expenses$ 556,885. including grants of$ 170,408. Revenue$ O.

Form 990, Part VI, Section B, line 11: Form 990 is prepared by independent

CPA firm and draft copy is provided to Foundation senior staff, outside

general counsel and all board members and audit committee for review. All

comments after reviews are compiled and discussed with CPA firm for

editing. After edits are made, final version of form 990 is provided to the

President and Treasurer for final review, signature and filing.

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 LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule O (Form 990 or 990-EZ) (2010) 032211 01-24-11


. . Schedule O F rm 990 or 990- 201 O Pa e2 Name of the organization Employer identification number


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.

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 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,DC,FL,GA,HI,IL,KS,KY,LA,ME,MD,MA,MI,MN,MS,MO,NH,NJ,NM

NY,NC,ND,OH,OK,OR,PA,RI,SC,UT,VT,VA,WA,WV,WI,TN

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

the following documents available for public inspection: governing

documents, the IRS exemption application, IRS letter recognizing exempt

status, conflict of interest policy, prior three years of the Form 990 and

financial statements.

Form 990, Part XI, line 5, Changes in Net Assets:

Net unrealized losses on investments: -82,643.

Form 990, Part XII, Line 2C: 01-24-11 Schedule O (Form 990 or 990-EZ) (2010)


.. . . Pa e2


FreedomWorks Foundation has an audit commmittee 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:

Average Hours Per Week on Related Organization

Hon. Richard K. Armey, Chairman, 21 hours per week

Matt Kibbe, President, 21 hours per week

Judith Mulcahy, VP of Operations/Treasurer, 20 hours per week

Wayne Brough, VP of Research/Secretary, 21 hours per week

Mary Byrne, VP of Development, 21 hours per week

Max Pappas, VP of Public Policy, 21 hours per week

Richard Walker, VP Political & Grassroots Campaigns, 21 hours per week

John Jordan, VP of Fed. & State Campaigns, 21 hours per week

Adam Brandon, VP of Communications, 21 hours per week

01-24-11 Schedule O (Form 990 or 990-EZ) (2010) 44


------ - ----

Related Organizations and Unrelated Partnerships OMB No 1545-0047

SCHEDULER (Form990) .... Complete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.

2010· _ .. Open to Public



.... Attach to Form 990. .... See separate instructions.

FreedomWorks Foundation, Inc.

Part I Identification of Disregarded Entities (Complete 1f the organization answered "Yes" to Form 990, Part IV, hne 33.)

(a) (b) (c)

Inspection ' •

I Elnployer identification number' • 152-1526916

(d) (f)

Name, address, and EIN Primary activity Legal domicile (state or Total income (e) I

End-of-yea, """'1 Direct controlling of disregarded entity foreign country) entity

I

Part II Identification of Related Tax-Exempt Organizations (Complete 1f the organization answered "Yes" to Form 990, Part IV, hne 34 because 1t had one or more telated tax-exempt organizations during the tax year.) I

(a) (b) (c) (d) (e) I (f) Sect1o}?J2(bX13)

Name, address, and EIN Primary act1v1ty Legal dom1c1le (state or Exempt Code Public charity Direct controlling controlled

of related organization foreign country) section status (1f section I entity en11ty?

501(c)(3)) Yes No FreedomWorks, Inc. - 52-1349353 Public policy, advocacy

400 North Capitol Street, NW, 11765 and educational

Washington, DC 20001 organization. District of Columbia ~Ol(c)(4) ~/A x

For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule R (Form 990) 2010

032161 45 12-21-10 LHA

ScheduleR(Fonn990)2010 FreedomWorks Foundation, Inc. I 52-1526916 Page2 I

Part Ill Identification of Related Organizations Taxable as a Partnership (Complete 1f the organization answered "Yes" to Form 990, Part IV, hne 34 because 1t had one or more related organizations treated as a partnership during the tax year.) I -·

(a) (b) (c) (d) (e) (f) (g) (h) I (i) (j) (k)

Name, address, and EIN Primary activity Legal Direct controlling Predominant income Share of total Share of Disproportion- CodeV-UBI General oo Percentage domocole of related organization (state or entity ~related, unrelated, income end-of-year late allocatoons? amount in box managing ownership

foreign exc uded from tax under assets 20 of Schedule partner?

country) sections 512-514) Yes No K-1 (Form 1065) Yes No

-·

Part IV Identification of Related Organizations Taxable as a Corporation or Trust (Complete 1f the organization answered "Yes" to Form 990, Part IV, hne 34 bec~use 1t had one or more related organizations treated as a corporation or trust during the tax year.) I

(a) (b) (c) (d) (e) (f) I (g) (h)

Name, address, and EIN Primary act1v1ty Legal dom,cole Direct controlling Type of entity Share of tota Share of Percentage of related organization (state or entity (C corp, S corp, income

I end-of-year ownership

foreign or trust) assets country)

032162 12-21-10 46 Schedule R (Form 990) 2010

ScheduleR(Form990)2010 FreedomWorks Foundation, Inc. I 52-1526916 Page3 •

Part V Transactions With Related Organizations (Complete 1f the organization answered "Yes" to Form 990, Part IV, line 34, 35, 35a, or 36.) \ - ~.

Note. Complete line 1 1f any entity 1s listed 1n Parts II, Ill, or IV of this schedule. Yes Nd 1 During the tax year, did the organization engage 1n any of the following transactions with one or more related organizations listed in Parts II-IV?

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

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

j Lease of fac1lrt1es, equipment, or other assets from other organizat1on(s) 1i x k Performance of services or membership or fund raising solicitations for other organizat1on(s) 1k x I Performance of services or membership or fundra,sing sohc1tat1ons by other organizat1on(s) j 11 x m Sharing of fac1lrt1es, equipment, mailing lists, or other assets 1m x n Sharing 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 property from other orc;ianizat1on(sl

I I 1r x

2 f th •y, h h his I lud d relationsh d hreshold

(a) (b) (c) (d)\ Name of other organization Transaction Amount involved Method of d1termining

type (a-r) amount involved I

(1) FreedomWorks, Inc. M 273,310. I ~llocated based on space used

(2) FreedomWorks, Inc. N 1,242,131. Allocated based oh employee time

(3) FreedomWorks, Inc. 0 93,325. rracked directly I

(4) FreedomWorks, Inc. L 758,296. Tracked directly I

(5) I I

(6) I 032163 12-21-10 47 Schedule R (Form 990) 2010

- ----

ScheduleR(Form990)2010 FreedomWorks Foundation, Inc. I 52-1526916 Page4,.

I .-Part VI Unrelated Organizations Taxable as a Partnership (Complete 1f the organization answered "Yes" to Form 990, Part IV, hne 37.) -·

Provide the following 1nformat1on for each entity taxed as a partnership through which the organization conducted more than five percent of rts act1v1t1es (measured by tbtal assets or gross revenue) • • that was not a related organization. See instructions regarding exclusion for certain investment partnerships. I

(a) (b) (c) (d) (e) (f) (g) (h)

Name, address, and EIN Primary act1v1ty Legal domicile Are all partners Share of end-of· Dispropor- CodeV-UBI General or

(state or foreign eOCIIOn 501(cX3 t1onate amount in box 20 managing

of entity organizations? year assets allocat,ons? of Schedule K-1 partner?

country) Yes No Yes Nol (Form 1065) Yes No

Schedule R (Form 990) 2010

032164 48 12-21-10

..., ., ~

Form 8868 (Rev. January 2011) Oepartmeni of the Treasury lntemal Revenue Service

Application for Extension of Time To File an Exempt Organization Return OMB No. 1545-1709

.... File a separate application for each return.

• If you are f1hng for an Automatic 3-Month Extension, complete only Part I and check this box

• If you are filing for an Additional (Not Automatic) 3-Month Extension, complete only Part II (on page 2 of this form).

Do not complete Part II unless you have already been granted an automatic 3-month extension on a previously flied Form 8868.

Electronic filing (e-file). You can electronically file Form 8868 1f you need a 3-month automatic extension of time to file (6 months for a corporat1on

required to file Form 990-1), or an add1t1onal (not automatic) 3-month extension of time. You can electronically file Form 8868 to request an extension

of time to file any of the forms listed 1n Part I or Part II with the excei:1tion of Form &_870,Jn1ormat1on.Return.for_Transfers Assoc1ated.W1th-Certain-----

Personal Benefit Contracts, which must be sent to the IRS 1n paper format (see instructions). For more details on the electronic f1hng of this form,

v1s1t www.1rs ov/ef1/e and click on e-f1/e for Char,t1es & Non refits

A corporation required to file Form 990-T and requesting an automatic 6-month extension · check this box and complete

Part I only

All other corporations (mc/udmg 1120-C filers), partnerships, REM/Cs, and trusts must use Form 7004 to request an extension of time to file mcome tax returns.

Type or

print

Name of exempt organization Employer identification number

FreedomWorks Foundation, Inc. File by the due date for llllng your return See Instructions

Number, street, and room or suite no. If a P.O. box, see 1nstruct1ons. 400 North Capitol Street, NW, No. 765 City, town or post office, state, and ZIP code. For a foreign address, see instructions. Washington, DC 20001

Enter the Return code for the return that this application 1s for (file a separate appl1cat1on for each return)

Application Return Application

Is For Code Is For

Form 990 01 Form 990-T (coroorat1on)

Form 990-BL 02 Form 1041-A

Form 990-EZ 03 Form4720

Form 990-PF 04 Form 5227

Form 990-T !sec. 401 !al or 4081al trustl 05 Form 6069

Form 990-T (trust other than above) 06 Form8870

52-1526916

Return

Code

07

08

09

10

11

12 The Organization - 400 North

. Capitol Street, NW, Suite

• Thebooksaremthecareof .... 765 - Washington, DC 20001 Telephone No..... 2 0 2 - 7 8 3 - 3 8 7 0 FAX No .....

• If the organization does not have an office or place of business in the United States, check this box

• If this 1s for a Group Return, enter the organization's four d1g1t Group Exemption Number (GEN) . If this is for the whole group, check this

box l!i: D . If 1t 1s for part of the group, check this box ~ D and attach a hst with the names and EINs of all members the extension 1s for.

1 I request an automatic 3-month (6 months for a corporat1on required to file Form 990-1) extension of time until

A ugu St 15 , 2 0 11 , to file the exempt organization return for the organization named above. The extension

1s for the organization's return for:

.... 00 calendar year 2 0 1 0 or

.... D tax year beginning ------------ , and ending ____________ _

2 If the tax year entered 1n line 1 is for less than 12 months, check reason: D Initial return D Final return

D Change in accounting period

3a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any

nonrefundable credits. See 1nstruct1ons. 3a $ b If this application 1s for Form 990-PF, 990-T, 4720, or 6069, enter any refundable credits and

estimated tax oavments made. Include anv oner vear overoavment allowed as a credit. 3b $ c Balance due. Subtract line 3b from hne 3a. Include your payment with this form, 1f required,

bv usma EFTPS (Electronic Federal Tax Pavment Svsteml. See 1nstruct1ons. 3c $

0.

0.

0. Caution. If you are going to make an electronic fund withdrawal with this Form 8868 1 see Form 8453-EO and Form 8879-EO for payment 1nstruct1ons.

LHA For Paperwork Reduction Act Notice, see Instructions. Form 8868 (Rev. 1-2011)

023841 01-03-11

12420511 739466 FWFoundation 48

2010.03010 Freedomworks Foundation, In FWFOUNDl

freedomworks foundation 521526916 2010 074fd753searchable

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