Civic Intelligence

Freedomworks Inc

EIN 52-1349353 • 501(c)4 • Washington, DC

Profile

FreedomWorks recruits, educates, trains and mobilizes grassroots activists to advance the ideas of lower taxes, less government and more freedom. FreedomWorks is a public policy, education and advocacy organization focused on fiscal, economic and personal liberty issues.

111 K St NE 6th FloorWashington, DC 20002

www.freedomworks.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.32x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

94th percentile

4.44x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2023

Net Margin

6th percentile

-39%

Higher net margin than 6% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

12th percentile

-16%

Faster asset growth than 12% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

5th percentile

-43%

Faster revenue growth than 5% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Down

$9,771,365

Down $1,874,789 (-16%) from 2022

Liabilities

Down

$12,868,398

Down $734,016 (-5.4%) from 2022

Net Assets

Down

-$3,097,033

Down $1,140,773 (-58%) from 2022

Revenue

Down

$2,895,466

Down $2,185,647 (-43%) from 2022

Expenses

Down

$4,015,051

Down $2,373,257 (-37%) from 2022

Net Income

Up

-$1,119,585

Up $187,610 (+14%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0-$5.0MAssets 2011: $7,089,540Liabilities 2011: $1,187,944Net Assets 2011: $5,901,5962011Assets 2012: $7,571,717Liabilities 2012: $2,202,084Net Assets 2012: $5,369,6332012Assets 2013: $5,615,836Liabilities 2013: $1,469,752Net Assets 2013: $4,146,0842013Assets 2014: $4,989,563Liabilities 2014: $1,946,811Net Assets 2014: $3,042,7522014Assets 2015: $1,916,007Liabilities 2015: $2,212,348Net Assets 2015: -$296,3412015Assets 2016: $1,223,027Liabilities 2016: $3,146,586Net Assets 2016: -$1,923,5592016Assets 2017: $1,292,271Liabilities 2017: $2,197,446Net Assets 2017: -$905,1752017Assets 2018: $2,001,011Liabilities 2018: $2,284,394Net Assets 2018: -$283,3832018Assets 2019: $3,993,762Liabilities 2019: $2,525,892Net Assets 2019: $1,467,8702019Assets 2020: $3,631,764Liabilities 2020: $1,478,704Net Assets 2020: $2,153,0602020Assets 2021: $3,468,084Liabilities 2021: $3,422,592Net Assets 2021: $45,4922021Assets 2022: $11,646,154Liabilities 2022: $13,602,414Net Assets 2022: -$1,956,2602022Assets 2023: $9,771,365Liabilities 2023: $12,868,398Net Assets 2023: -$3,097,0332023

Highlighted filing

2023

Assets$9,771,365
Liabilities$12,868,398
Net Assets-$3,097,033

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $7,663,5982011Revenue 2012: $15,060,009Expenses 2012: $15,591,972Net Income 2012: -$531,9632012Revenue 2013: $9,660,597Expenses 2013: $10,884,146Net Income 2013: -$1,223,5492013Revenue 2014: $6,934,433Expenses 2014: $8,037,765Net Income 2014: -$1,103,3322014Revenue 2015: $5,688,836Expenses 2015: $9,027,929Net Income 2015: -$3,339,0932015Revenue 2016: $6,309,996Expenses 2016: $7,937,214Net Income 2016: -$1,627,2182016Revenue 2017: $4,290,940Expenses 2017: $3,273,535Net Income 2017: $1,017,4052017Revenue 2018: $4,325,113Expenses 2018: $3,702,741Net Income 2018: $622,3722018Revenue 2019: $10,404,099Expenses 2019: $8,654,078Net Income 2019: $1,750,0212019Revenue 2020: $6,828,782Expenses 2020: $6,144,356Net Income 2020: $684,4262020Revenue 2021: $5,609,429Expenses 2021: $7,711,934Net Income 2021: -$2,102,5052021Revenue 2022: $5,081,113Expenses 2022: $6,388,308Net Income 2022: -$1,307,1952022Revenue 2023: $2,895,466Expenses 2023: $4,015,051Net Income 2023: -$1,119,5852023

Highlighted filing

2023

Revenue$2,895,466
Expenses$4,015,051
Net Income-$1,119,585

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.77$12.9$3.10$2.90$4.02$1.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.6$13.6$1.96$5.08$6.39$1.31
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.47$3.42$0.05$5.61$7.71$2.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.63$1.48$2.15$6.83$6.14$0.68
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.99$2.53$1.47$10.4$8.65$1.75
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.00$2.28$0.28$4.33$3.70$0.62
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$2.20$0.91$4.29$3.27$1.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$3.15$1.92$6.31$7.94$1.63
2015Detailed filing. Detailed filing data is available for this year.$1.92$2.21$0.30$5.69$9.03$3.34
2014Detailed filing. Detailed filing data is available for this year.$4.99$1.95$3.04$6.93$8.04$1.10
2013Detailed filing. Detailed filing data is available for this year.$5.62$1.47$4.15$9.66$10.9$1.22
2012Summary only. Only limited summary data is available for this year.$7.57$2.20$5.37$15.1$15.6$0.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.09$1.19$5.90$7.66
Latest Detailed Filing

The latest 2023 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 13, 2020
Return Version
2019v5.1
Gross Receipts
$10,406,321
Mission and Program Overview

Mission

FreedomWorks recruits, educates, trains and mobilizes grassroots activists to advance the ideas of lower taxes, less government and more freedom. FreedomWorks is a public policy, education and advocacy organization focused on fiscal, economic and personal liberty issues.

Service center for the grassroots freedom movement across the whole country. See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$432,387$2,013,062▲ $1,580,675
Land, Buildings, and Equipment, Net$1,085,309$877,071▼ $208,238
Prepaid Expenses and Deferred Charges$291,416$176,102▼ $115,314
Pledges and Grants Receivable$89,692$85,128▼ $4,564
Investments in Publicly Traded Securities$14,090$34,625▲ $20,535
Accounts Receivable$1,157$0▼ $1,157
Total Assets$2,001,011$3,993,762▲ $1,992,751
Other Assets Total$86,960$807,774▲ $720,814
Liabilities
Other Liabilities$1,810,079$1,003,535▼ $806,544
Grants Payable$0$800,000▲ $800,000
Accounts Payable and Accrued Expenses$474,315$722,357▲ $248,042
Total Liabilities$2,284,394$2,525,892▲ $241,498
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-283,383$1,467,870▲ $1,751,253
Total Net Assets Fund Balance$-283,383$1,467,870▲ $1,751,253
Total Liabilities and Net Assets / Fund Balance$2,001,011$3,993,762▲ $1,992,751

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$157,808$1,648,659$1,806,467
Leasehold Improvements$719,263$89,394$808,657
Other Assets Org$729,258--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Parissa Sedghi FornwaltVP Development/ Asst Secretary/TreasurerPT$117,628$130,923$248,551
Adam BrandonBoard Member/ PresidentPT$152,413$50,309$202,722
Parissa Sedghi FornwaltVP Development/ Asst Secretary/Treas-$91,553$37,694$129,247
Noah WallVice President of AdvocacyPT$89,524$39,177$128,701
Colby BledsoeDirector of CampaignsPT$58,250$70,018$128,268
John TamnyDirector Center for Economic FreedomPT$78,074$21,037$99,111
Andrew SmithVice President-Technology & AnalysisPT$73,518$15,634$89,152
John StoddardVice President of MarketingPT$71,778$15,915$87,693
Jason PyeVice President-Legislative AffairsPT$65,559$19,884$85,443

Board Members and Trustees

NameTitle
Joan CarterChair
Betsy AlbaughVice Chair
Frank M Sands SrBoard Member
Paul BecknerBoard Member
Richard StephensonBoard Member
Robert TE LansingBoard Member
Stephen ModzelewskiBoard Member
Ted AbramBoard Member
Thomas KnudsenBoard Member
Cleta MitchellSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Rebecca Hagelin CommunicationsMedia Services15001 Gasparilla Road, Placida, FL 33946$344,000
CliftonLarsonAllen LLPAccounting Consulting220 S 6th St Ste 300, Minneapolis, MN 55402$208,134
Steve MooreConsulting6805 Canal Bridge Court, Potomac, MD 20854$134,250
The Pinkston GroupPR Consulting3111 Fairview Park Drive Ste 1400, Falls Church, VA 22042$130,000
Amanda RobeySenior Advisor to Development10865 Meadow Pond Lane, Oakton, VA 22124$122,500
Revenue and Support

Revenue Composition

Contributions and Grants
$10,331,063
Program Service Revenue
$0
Investment Income
$643
Other Revenue
$72,393
All Other Contributions
$10,331,063
Change in Net Assets
$1,750,021
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,784,104
Salaries, Compensation, and Employee Benefits$1,926,085
Grants and Similar Amounts Paid$800,000
Total Fundraising Expense$545,996
Professional Fundraising Fees$143,889

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$2,248,715$62$2,126$2,250,903
Other Salaries and Wages$1,022,585$106,796$98,898$1,228,279
Office Expenses$679,868$16,399$222,962$919,229
Grants to Domestic Orgs$800,000--$800,000
Fees for Services Other$658,048$33,935$42,550$734,533
Current Officers, Directors, Trustees, and Key Employees$383,554$40,032$37,084$460,670
Travel$408,262$1,617$2,400$412,279
Information Technology$215,005$14,992$19,734$249,731
Fees for Services Accounting-$235,867-$235,867
Occupancy$177,271$10,427$14,311$202,009
Conferences and Meetings$169,081$2,731$962$172,774
Fees for Services Professional Fundraising--$143,889$143,889
Payroll Taxes$98,721$10,308$9,547$118,576
Other Employee Benefits$64,735$6,760$6,260$77,755
Depreciation Depletion$62,739$2,588$4,665$69,992
Insurance-$49,004-$49,004
Fees for Services Legal$44,180$985$1,975$47,140
Pension Plan Contributions$33,971$3,548$3,286$40,805
Other Expenses$110,393$9,893$-110,393$0
Fees for Service Investment Mgmnt Fees-$5-$5
Total Functional Expenses$94,542$47,247$132,716$274,505
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
FreedomWorks Foundation IncWashington, DC501(c)(3)The purpose of the grant is general support of the organization's mission.$800,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$143,889
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred rent$954,521
Capital lease obligation$49,014
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

Form 990 is prepared by an independent CPA firm and a draft copy is provided to the Organization's senior staff, outside general counsel and all board members for review. All comments after reviews are compiled and discussed with the CPA firm for editing. After edits are made, the final version of Form 990 is provided to the President, Treasurer, and Management Committee for final review. Once reviewed, the President is provided the final 990 for signature and filing.

Form 990, Part VI, Section B, line 12C

The Governance and Ethics Policy is reviewed and adopted annually by the Board of Directors and employees.

Form 990, Part VI, Section B, line 15

The process includes completion of an independent compensation study on a periodic basis, based on a compilation of competitive data representing similar organizations.

Form 990, Part VI, Section C, line 18

FreedomWorks makes its Form 1024 available upon request. FreedomWorks makes available a public disclosure copy of its Federal Form 990 upon request.

Form 990, Part VI, Section C, line 19

No additional documents are made available to the public.

Filing and Contact Details

Filer

Filer Name
FreedomWorks Inc
EIN
52-1349353
Phone
2027833870
Address
111 K St NE 6th Floor, Washington, DC 20002-8236

Signing Officer

Name
Adam Brandon
Title
President
Phone
2027833870
Signed
2020-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Brandon
Formed
1984
Legal Domicile
Dc
Voting Board Members
10
Independent Board Members
9
Employees
51
Volunteers
2,976,394

Preparer

Firm
Rogers & Company PLLC
Address
8300 Boone Boulevard Suite 600, Vienna, VA 22182
Preparer
Lori A Collingsworth
Phone
7038930300
Supplemental Narrative

Additional Explanations

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

FreedomWorks was founded to fight for liberty and to bring together the best and brightest minds of the liberty movement. FreedomWorks develops policy ideas based on its principles and serves as a free-market center to support and to expand grassroots development and action for the national freedom movement. FreedomWorks supports and encourages more than 6 million Americans who are passionate about promoting free markets and individual liberty, who are committed to less government, lower taxes, and economic freedom. For over a quarter century, FreedomWorks has identified, educated, and activated citizens who support free enterprise and constitutionally limited government. FreedomWorks provides the tools to citizen activists to engage with policy makers at every level of government in support of the FreedomWorks principles.

Form 990, Part XII, Line 2C:

FreedomWorks has an audit committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.

Financial Statement Notes

Part X, Line 2:

Management has evaluated FreedomWorks' tax positions and has concluded that FreedomWorks has taken no uncertain tax positions that qualify for either recognition or disclosure in the accompanying consolidated financial statements.

Raw XML AppendixShowing 400 of 858 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0Service center for the grassroots freedom movement across the whole country. See Schedule O
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IRS990/Desc0Grassroots Mobilization and Lobbying: Training, equipping, and mobilizing constituents across the country to advocate for limited government and liberty at the local, state, and federal level. The FreedomWorks, Inc. bolsters the effectiveness of our grassroots mobilization by direct lobbying of Members of Congress.
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IRS990/Form990PartVIISectionAGrp/PersonNm5Thomas Knudsen
IRS990/Form990PartVIISectionAGrp/PersonNm6Stephen Modzelewski
IRS990/Form990PartVIISectionAGrp/PersonNm7Frank M Sands Sr
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IRS990/Form990PartVIISectionAGrp/PersonNm9Adam Brandon
IRS990/Form990PartVIISectionAGrp/PersonNm10Cleta Mitchell
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IRS990/Form990PartVIISectionAGrp/TitleTxt12Vice President of Advocacy
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director Center for Economic Freedom
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