Civic Intelligence

Freedomworks Inc.

990 • Fiscal year 2018 • EIN 52-1349353

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 27, 2019

111 K St NE 6th FloorWashington, DC 20002-8236

(202) 783-3870

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

1.14x

Higher debt load relative to assets than 96% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

75th percentile

0.53x

Higher debt load relative to revenue than 75% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Net Margin

65th percentile

14%

Higher net margin than 65% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

97th percentile

$344,803

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Asset Growth

93rd percentile

55%

Faster asset growth than 93% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

42nd percentile

0.8%

Faster revenue growth than 42% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,001,011

Up $708,740 (+55%) from 2017

Net Assets

Up

-$283,383

Up $621,792 (+69%) from 2017

Liabilities

Up

$2,284,394

Up $86,948 (+4.0%) from 2017

Revenue

Up

$4,325,113

Up $34,173 (+0.8%) from 2017

Expenses

Up

$3,702,741

Up $429,206 (+13%) from 2017

Net Income

Down

$622,372

Down $395,033 (-39%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2018

Assets$2,001,011
Liabilities$2,284,394
Net Assets-$283,383

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$4,325,113
Expenses$3,702,741
Net Income$622,372
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 27, 2019
Return Version
2018v3.1
Gross Receipts
$4,366,714
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
Land, Buildings, and Equipment, Net$304,619$1,085,309▲ $780,690
Cash and Non-Interest-Bearing Accounts$516,756$432,387▼ $84,369
Prepaid Expenses and Deferred Charges$325,458$291,416▼ $34,042
Pledges and Grants Receivable$30,000$89,692▲ $59,692
Investments in Publicly Traded Securities$12,115$14,090▲ $1,975
Accounts Receivable$37,300$1,157▼ $36,143
Total Assets$1,292,271$2,001,011▲ $708,740
Other Assets Total$66,023$86,960▲ $20,937
Liabilities
Other Liabilities$1,468,627$1,810,079▲ $341,452
Accounts Payable and Accrued Expenses$728,819$474,315▼ $254,504
Total Liabilities$2,197,446$2,284,394▲ $86,948
Net Assets / Fund Balance
Unrestricted Net Assets$-905,175$-283,383▲ $621,792
Total Net Assets Fund Balance$-905,175$-283,383▲ $621,792
Total Liabilities and Net Assets / Fund Balance$1,292,271$2,001,011▲ $708,740

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$365,119$1,617,860$1,982,979
Leasehold Improvements$720,190$22,160$742,350
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Parissa Sedghi FornwaltVP of Development/ Asst Secretary/TreasurerPT$48,413$132,709$181,122
Jason PyeVP of Legislative AffairsPT$37,691$101,876$139,567
John StoddardVP of MarketingPT$37,192$97,846$135,038
Adam BrandonPresidentPT$89,256$14,185$103,441
Noah WallVP of AdvocacyPT$40,230$14,770$55,000
Parissa Sedghi FornwaltVP of Development/ Asst Secretary/Tr-$39,201$15,136$54,337
Andrew C SmithVP of Technology & AnalysisPT$42,704$9,197$51,901
John TamnyDirector Center for Economic FreedomPT$44,881$6,543$51,424

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Linemark Printing IncPrinting and postage services501 Prince Georges Blvd, Upper Marlboro, MD 20774$266,778
CliftonLarsonAllen LLPAccounting services1966 Greenspring Drive Ste 300, Timonium, MD 21093$209,663
Terra Eclipse IncServer and cloud management600 F St NW Suite 400, Washington, DC 20004$157,750
Steve MooreConsulting services2011 Freedom Lane, Falls Church, VA 22043$133,250
The Pinkston GroupConsulting services5270 Shawnee Rd Ste 102, Alexandria, VA 22312$122,028
Revenue and Support

Revenue Composition

Contributions and Grants
$4,203,522
Program Service Revenue
$0
Investment Income
$10,621
Other Revenue
$110,970
All Other Contributions
$4,203,522
Change in Net Assets
$622,372
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,733,885
Salaries, Compensation, and Employee Benefits$835,293
Total Fundraising Expense$511,860
Professional Fundraising Fees$133,563
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$623,354$9,921$206,299$839,574
Other Salaries and Wages$441,795$8,820$114,603$565,218
Fees for Services Other$555,543$3,289-$558,832
Travel$282,773$7,849$7,195$297,817
Occupancy$246,288$4,026$9,726$260,040
Depreciation Depletion$143,252$23,078$28,588$194,918
Advertising$178,259$290$2,692$181,241
Current Officers, Directors, Trustees, and Key Employees$120,257$2,401$31,195$153,853
Fees for Services Professional Fundraising--$133,563$133,563
Information Technology$66,231-$9,128$75,359
Fees for Services Accounting-$74,377-$74,377
Other Employee Benefits$41,698$833$10,818$53,349
Payroll Taxes$41,442$827$10,750$53,019
Other Expenses$86,174$37,150$-86,174$0
Conferences and Meetings$24,456$6,344$6,094$36,894
Fees for Services Legal$17,734$4,063$4,055$25,852
Insurance-$11,563-$11,563
Pension Plan Contributions$7,703$153$1,998$9,854
Interest-$9,317-$9,317
Fees for Services Lobbying$5,133--$5,133
Fees for Service Investment Mgmnt Fees-$50-$50
Total Functional Expenses$375,586$0$61,872$437,458
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$133,563
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$951,102
Due to related entity$793,742
Capital lease obligation$65,235
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 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 CPA firm for editing. After edits are made, 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

Governance and Ethics Policy is reviewed and adopted annually by the Board of Directors and employees. FreedomWorks directors and employees shall disclose annually to the Secretary any direct conflict between their own individual interests and those of FreedomWorks. If such a conflict does exist, the director or employee shall provide the Secretary written notice of such relationship and shall refrain from acting on any issue with respect to which the director or employee is conflicted.

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. 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 President or any person deemed a disqualified person under Internal Revenue Code Section 4958. The process for determining compensation of other officers or key employees of the organization is determined by the President.

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

FreedomWorks makes its governing documents, certain policies (including conflict of interest policy) and financial statements available upon request based on discretion of management.

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
2019-08-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Brandon
Formed
1984
Legal Domicile
Dc
Voting Board Members
9
Independent Board Members
9
Employees
44
Volunteers
2,745,504

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 brought together some of the best and brightest minds of the liberty movement. Since then, we've expanded our ambitions from a free-market think tank to a service center for the grassroots freedom movement across the whole country. We are over 6 million Americans who are passionate about promoting free markets and individual liberty. Our members all share three common traits: a desire for less government, lower taxes, and more economic freedom. For over a quarter century, FreedomWorks has identified, educated, and actuated citizens who are enthused about showing up to support free enterprise and constitutionally limited government. We are not primarily a "think-tank," content to study the issues and publish papers and reports. FreedomWorks breaks down the barriers between the beltway insiders and grassroots America. FreedomWorks members know that government goes to those who show up. That's why we give them the tools to break through the media noise and provide the same access to Washington as the big-moneyed lobbyists. Preserving liberty depends on all Americans having access to their elected officials--not just special interests. FreedomWorks holds Washington accountable to the citizens that put them in office.

Form 990, Part IX, line 11G

Other professional fees and contract services: Program service expenses 555,543. Management and general expenses 3,289. Fundraising expenses 0. Total expenses 558,832.

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.

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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/OtherCompensationAmt80
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IRS990/Form990PartVIISectionAGrp/PersonNm0Joan Carter
IRS990/Form990PartVIISectionAGrp/PersonNm1Betsy Albaugh
IRS990/Form990PartVIISectionAGrp/PersonNm2Robert TE Lansing
IRS990/Form990PartVIISectionAGrp/PersonNm3Ted Abram
IRS990/Form990PartVIISectionAGrp/PersonNm4Paul Beckner
IRS990/Form990PartVIISectionAGrp/PersonNm5Thomas Knudsen
IRS990/Form990PartVIISectionAGrp/PersonNm6Stephen Modzelewski
IRS990/Form990PartVIISectionAGrp/PersonNm7Frank M Sands Sr
IRS990/Form990PartVIISectionAGrp/PersonNm8Richard J Stephenson
IRS990/Form990PartVIISectionAGrp/PersonNm9Adam Brandon
IRS990/Form990PartVIISectionAGrp/PersonNm10Parissa Sedghi Fornwalt
IRS990/Form990PartVIISectionAGrp/PersonNm11Andrew C Smith
IRS990/Form990PartVIISectionAGrp/PersonNm12John Stoddard
IRS990/Form990PartVIISectionAGrp/PersonNm13Jason Pye
IRS990/Form990PartVIISectionAGrp/PersonNm14Noah Wall
IRS990/Form990PartVIISectionAGrp/PersonNm15John Tamny
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt15115439
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9President
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP of Development/ Asst Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP of Technology & Analysis
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP of Marketing
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP of Legislative Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP of Advocacy
IRS990/Form990PartVIISectionAGrp/TitleTxt15Dir. Center for Economic Freedom
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IRS990/MissionDesc0FreedomWorks exists to build, educate, mobilize the largest network of activists advocating the principles of smaller government, lower taxes, free markets, personal liberty, and the rule of law.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Community Building, Research, and Education: FreedomWorks 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 the free market and limited government activities.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2018Detailed filing. Detailed filing data is available for this year.$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