Freedomworks Foundation
- Assets
- $1.7m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 56
- Location
- Washington, DC
- Founding
- 03/1989
- Data as of
- 12/2022
- EIN
- 52-1526916
Organization Overview
Freedomworks Foundation is located in Washington, DC. The organization was established in 1989. As of 12/2022, Freedomworks Foundation employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedomworks Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Freedomworks Foundation generated $7.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $8.4m during the year ending 12/2022. While expenses have increased by 8.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE AND ENGAGE CITIZENS WHO STAND IN DEFENSE OF LIBERTY. SEE SCHEDULE OTO EDUCATE AND EMPOWER AMERICANS WITH THE PRINCIPLES OF INDIVIDUAL LIBERTY, SMALL GOVERNMENT, AND FREE MARKETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTER FOR ECONOMIC FREEDOM: THE FOUNDATION WORKS TO CONSTANTLY ENGAGE ACTIVISTS ACROSS THE COUNTRY IN ORDER TO IMPLEMENT ITS PROGRAMS. ADDITIONALLY, EDUCATION AND RESEARCH PROGRAMS ARE CONDUCTED TO SUPPORT THE COMMUNITY TO FURTHER ITS FREE MARKET AND LIMITED GOVERNMENT ACTIVITIES. STRATEGY INCLUDES STRATEGIC MANAGEMENT AND DISCUSSION ABOUT FOUNDATION DEVELOPMENT AND CREATION OF FUTURE PROGRAMS. IN ORDER TO ENSURE THAT THE FOUNDATION IS BEING RESPONSIVE TO ITS COMMUNITY AND KEY STAKEHOLDERS, THE FOUNDATION WILL CONTINUALLY EVALUATE PROGRAMS.
CENTER FOR ECONOMIC FREEDOM: THE FOUNDATION WORKS TO CONSTANTLY ENGAGE ACTIVISTS ACROSS THE COUNTRY IN ORDER TO IMPLEMENT ITS PROGRAMS. ADDITIONALLY, EDUCATION AND RESEARCH PROGRAMS ARE CONDUCTED TO SUPPORT THE COMMUNITY TO FURTHER ITS FREE MARKET AND LIMITED GOVERNMENT ACTIVITIES. STRATEGY INCLUDES STRATEGIC MANAGEMENT AND DISCUSSION ABOUT FOUNDATION DEVELOPMENT AND CREATION OF FUTURE PROGRAMS. IN ORDER TO ENSURE THAT THE FOUNDATION IS BEING RESPONSIVE TO ITS COMMUNITY AND KEY STAKEHOLDERS, THE FOUNDATION WILL CONTINUALLY EVALUATE PROGRAMS.
REGULATORY ACTION: THE FOUNDATION MOBILIZES THE COMMUNITY TO IMPLEMENT THE REGULATORY ACTION PROGRAM. THE FOUNDATION USES CUTTING EDGE TECHNOLOGY TO ENGAGE ITS COMMUNITY TO TAKE PART IN THE REGULATORY PROCESS. ADDITIONALLY, TRAINING AND SUPPORT ARE PROVIDED TO THE ACTIVIST COMMUNITY TO FURTHER THE FOUNDATION'S REGULATORY ENGAGEMENT.
REGULATORY ACTION: THE FOUNDATION MOBILIZES THE COMMUNITY TO IMPLEMENT THE REGULATORY ACTION PROGRAM. THE FOUNDATION USES CUTTING EDGE TECHNOLOGY TO ENGAGE ITS COMMUNITY TO TAKE PART IN THE REGULATORY PROCESS. ADDITIONALLY, TRAINING AND SUPPORT ARE PROVIDED TO THE ACTIVIST COMMUNITY TO FURTHER THE FOUNDATION'S REGULATORY ENGAGEMENT.
FREEDOMWORKS FOUNDATION'S BUILDING EDUCATION FOR STUDENTS TOGETHER (BEST) PROGRAM WORKS TO EDUCATE AND MOBILIZE ACTIVISTS TO BECOME INVOLVED IN THE EDUCATION OF THEIR CHILDREN AND THE BROADER COMMUNITY. RESEARCH IS CONDUCTED ON EDUCATION POLICY ACROSS THE UNITED STATES. ACTIVISTS LEARN ABOUT THE DIFFERENT ROLES OF SCHOOL BOARDS, SUPERINTENDENTS, TEACHERS, AND PARENTS WITHIN THE EDUCATION SYSTEM.
FREEDOMWORKS FOUNDATION'S BUILDING EDUCATION FOR STUDENTS TOGETHER (BEST) PROGRAM WORKS TO EDUCATE AND MOBILIZE ACTIVISTS TO BECOME INVOLVED IN THE EDUCATION OF THEIR CHILDREN AND THE BROADER COMMUNITY. RESEARCH IS CONDUCTED ON EDUCATION POLICY ACROSS THE UNITED STATES. ACTIVISTS LEARN ABOUT THE DIFFERENT ROLES OF SCHOOL BOARDS, SUPERINTENDENTS, TEACHERS, AND PARENTS WITHIN THE EDUCATION SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Beckner Board Chair | OfficerTrustee | 1 | $0 |
Adam Brandon President | OfficerTrustee | 26 | $253,346 |
Betsy Albaugh Board Member | Trustee | 1 | $0 |
Ted Abram Board Member | Trustee | 1 | $0 |
Joan Carter Board Member | Trustee | 1 | $0 |
Marilyn Hayden Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Matthew G Whitaker Pc Consulting Services | 12/30/21 | $166,667 |
Holtzman Vogel Josefiak Torchinsky Pllc Legal Consulting | 12/30/21 | $108,352 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,139,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,139,619 |
| Total Program Service Revenue | $0 |
| Investment income | $4,580 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,147 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,186,346 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,656 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $459,603 |
| Compensation of current officers, directors, key employees. | $22,156 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,724,197 |
| Pension plan accruals and contributions | $57,033 |
| Other employee benefits | $225,363 |
| Payroll taxes | $232,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,392 |
| Fees for services: Accounting | $32,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $44,187 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,616,423 |
| Advertising and promotion | $144,954 |
| Office expenses | $394,355 |
| Information technology | $169,987 |
| Royalties | $0 |
| Occupancy | $457,081 |
| Travel | $653,202 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $663,937 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,948 |
| Insurance | $0 |
| All other expenses | $12,628 |
| Total functional expenses | $8,423,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $856,596 |
| Savings and temporary cash investments | $154,866 |
| Pledges and grants receivable | $695 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,736 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $645,236 |
| Total assets | $1,663,129 |
| Accounts payable and accrued expenses | $343,541 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $343,541 |
| Net assets without donor restrictions | $1,319,588 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,663,129 |
Grants Awarded
Over the last fiscal year, Freedomworks Foundation has awarded $519,150 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN LEGISLATIVE EXCHANGE COUNCIL PURPOSE: General Support | $203,050 |
COMMITTEE TO UNLEASH PROSPERITY PURPOSE: General Support | $233,050 |
TEA PARTY PATRIOTS FOUNDATION PURPOSE: General Support | $83,050 |