2024-11-15T16:55:52-06:00 2023-12-31 420714325 RSM US LLP 919 EAST MAIN STREET SUITE 1800 RICHMOND VA 23219 990 2023-01-01 813361101 ENTITLEMENTS HOW INC ENTI 8592241343 2365 HARRODSBURG ROAD B230 LEXINGTON KY 40504 GREGORY E MICHEL TREASURER 8592241343 2024-11-15 1 1 MEREDITH BELL P01696827 8042822121 2024-11-15 2023 2024-10-15 13:58:12Z FREE THE FACTS LINDSAY F HAYES 2365 HARRODSBURG ROAD B230 LEXINGTON KY 40504 2388517 0 X WWW.FREEFACTS.ORG X 2016 KY TO PROVIDE YOUNG AMERICANS WITH RELIABLE INFORMATION ABOUT THE POLICIES, PROGRAMS, AND PROBLEMS THAT IMPACT THEIR LIVES. 5 4 12 160 0 0 13086233 1975431 247 0 11631 201198 5249 9678 13103360 2186307 0 118145 0 0 1193929 1524804 0 0 335342 2780070 4104773 3973999 5747722 9129361 -3561415 23939570 23651515 337940 3607211 23601630 20044304 X THE ORGANIZATION PROVIDES A SPACE WHERE YOUNG AMERICANS CAN LEARN ABOUT AND DISCUSS PUBLIC POLICY CHALLENGES. THROUGH PARTICIPATION IN ITS EVENTS AND LEADERSHIP OPPORTUNITIES, YOUNG AMERICANS ARE BETTER ABLE TO FORM THEIR OWN OPINIONS, CRAFT POLICY SOLUTIONS, AND MEANINGFULLY PARTICIPATE IN CIVIC DEBATE. EVENTS ARE PROVIDED FREE OF CHARGE AND INCLUDE PRESENTATIONS AND Q&A SESSIONS.THE ORGANIZATION'S CURRENT AREA OF FOCUS IS FISCAL POLICY. ITS GOALS ARE TO GENERATE PUBLIC AWARENESS OF POLICY CHALLENGES, BROADEN INTEREST IN SOLVING THEM, AND FACILITATE GREATER ENGAGEMENT AMONG CITIZENS. 0 0 4450757 118145 PROVIDING LEADERSHIP TRAINING AND EDUCATIONAL MATERIALS FOR YOUNG AMERICANS. IN 2023, 62 EVENTS WERE HELD WITH 3327 STUDENTS ATTENDING. FREE THE FACT'S GOAL IS TO PREPARE THE NEXT GENERATION OF LEADERS FOR THE PUBLIC POLICY ISSUES THAT WILL DOMINATE THEIR GENERATION'S POLICY CONVERSATIONS. 4450757 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 49 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 1 0 AK AZ AR CA CT DE FL GA HI IL KS KY LA ME MD MA MI MN MS MO MT NH NJ NM NY NC ND OR PA RI SC TN UT WI WV AL CO NV OH OK VA WA X GREGORY E MICHEL 8592241343 2365 HARRODSBURG ROAD B230 LEXINGTON KY 40504 PETER MORSE CHAIRMAN 2.00 X X 0 0 0 ROBERT LONG VICE CHAIRMAN 1.00 X X 0 0 0 HUNTER PIPES SECRETARY 1.00 X X 0 0 0 GREGORY E MICHEL TREASURER 2.00 X X 0 0 0 LINDSAY HAYES PRESIDENT & CEO 40.00 X X 517682 0 16500 CAMDEN STUEBE CHIEF OPERATING OFFICER 40.00 X 247353 0 18248 JASON MARCELLA CREATIVE DIRECTOR 40.00 X 189702 0 1897 954737 0 36645 3 0 1 0 STINK STUDIOS 1 DOCK 72 WAY BROOKLYN NY 11249 WEB DESIGN 232975 WATERMAN GROUP 3701 SACRAMENTO STREET 126 SAN FRANCISCO CA 94118 CONSULTING 154222 2 170870 1804561 384462 1975431 200219 200219 203189 202210 979 979 979 MISCELLANEOUS INCOME 900099 9678 9678 9678 2186307 0 0 210876 X 118145 118145 799783 587375 155775 56633 191599 144537 33126 13936 402259 306489 66219 29551 36364 36364 94799 81534 9657 3608 311032 311032 703757 612918 38339 52500 489 489 68366 68366 63586 20732 42854 503408 466369 37039 136621 117622 13466 5533 2297853 1982115 142157 173581 3616 3616 12496 9372 3124 3549 3549 5747722 4450757 961623 335342 3776009 1062370 7717806 17640100 10933853 12120 67686 484870 12496 0 472374 2232160 363763 279181 3033663 23939570 23651515 19800 278463 318140 3328748 337940 3607211 X 5961530 9110451 17640100 10933853 23601630 20044304 23939570 23651515 -3561415 4089 0 X 0 1 X 1 0 X 9459678 1691699 3237836 13086233 1975431 29450877 9459678 1691699 3237836 13086233 1975431 29450877 12757966 16692911 19537 7205 1611 11631 200219 240203 247 9678 9925 29701005 0.56200 0.56200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45397 3826 41571 146798 8670 138128 292675 292675 472374 RENT DEPOSIT 107787 RIGHT -OF-USE ASSET 2925876 3033663 LEASE LIABILITY 3328748 3328748 X 2190396 4089 4089 2186307 0 2186307 5747722 0 5747722 0 5747722 PART X, LINE 2: THE ORGANIZATION RECEIVED A DETERMINATION LETTER DATED MARCH 10, 2017, FROM THE INTERNAL REVENUE SERVICE (IRS) STATING THAT THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). IN ADDITION, THE ORGANIZATION HAS BEEN DETERMINED BY THE IRS TO BE A "PUBLIC CHARITY" WITHIN THE MEANING OF SECTION 170 OF THE IRC. NO PROVISION FOR INCOME TAXES IS REQUIRED FOR THE YEARD ENDED DECEMBER 31, 2023 AND 2022, SINCE THE ORGANIZATION HAD NO TAXABLE INCOME FROM UNRELATED BUSINESS ACTIVITIES. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT BELIEVES THE ORGANIZATION IS DESIGNED AND IS CURRENTLY BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE PROVISIONS OF THE IRC. THE INCOME TAX RETURNS OF THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES, HOWEVER, THERE ARE NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. 1 INTERNSHIP PROGRAM STIPENDS 30 87345 STUDENT HOUSING STIPENDS 8 30800 PART I, LINE 2: ALL FELLOWS COMPLETE A BUDGET AS PART OF THEIR APPLICATION. THE CHIEF OPERATING OFFICER COORDINATES DISBURSEMENTS AND VERIFICATIONS OF INTENDED/ACTUAL USE, INCLUDING A REQUIRED LETTER FROM THE INTERNSHIP/PROGRAM SUPERVISOR ATTESTING TO COMPLETION AND PERFORMANCE. X 0 0 X X 0 0 0 0 0 0 0 0 0 LINDSAY HAYES PRESIDENT & CEO 419583 0 97499 0 600 0 16500 0 0 0 534182 0 0 0 CAMDEN STUEBE CHIEF OPERATING OFFICER 216667 0 30000 0 686 0 12368 0 5880 0 265601 0 0 0 JASON MARCELLA CREATIVE DIRECTOR 189167 0 0 0 535 0 1897 0 0 0 191599 0 0 0 PART I, LINE 1A FREE THE FACTS' PRESIDENT & CEO WILL OCCASIONALLY TRAVEL BY CHARTER TO MEETINGS AS PART OF THE IN-KIND CONTRIBUTIONS RECEIVED BY THE ORGANIZATION. JASON MARCELLA SPOUSE OF PRESIDENT & CEO 191599 EMPLOYMENT 0 X AIR FARE AND LODGING 1 384462 FMV OF GIFT 1 0 0 0 PART I, COLUMN (B): NUMBER OF DONATIONS FORM 990, PART I, ITEM C DBA: FREE THE FACTS FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY A MANAGEMENT FIRST FOR ACCURACY. THE FORM IS THEN PRESENTED TO THE BOARD AND THE TREASURER FOR HIGH-LEVEL APPROVAL BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS, AND KEY EMPLOYEES MUST DISCLOSE TO THE BEST OF THEIR KNOWLEDGE ALL POTENTIAL CONFLICTS OF INTEREST AS SOON AS THEY BECOME AWARE OF THEM AND ALWAYS BEFORE ANY ACTIONS INVOLVING THE POTENTIAL CONFLICT ARE TAKEN. TO FULFILL THEIR DUTY TO INFORM THE BOARD OF ANY POTENTIAL CONFLICTS OF INTEREST, DIRECTORS, OFFICERS, AND KEY EMPLOYEES MUST SUBMIT THE DISCLOSURE STATEMENT ATTACHED TO THIS POLICY ANNUALLY AT THE FIRST MEETING OF THE BOARD OF DIRECTORS EACH YEAR, BUT NO LATER THAN FEBRUARY 1 OF EACH CALENDAR YEAR (WHETHER THE BOARD HAS MET OR NOT). TO INFORM THE BOARD OF THE EMERGENCE OF A POTENTIAL CONFLICT OF INTEREST AT ANY POINT AFTER FEBRUARY 1, DIRECTORS, OFFICERS, AND KEY EMPLOYEES MUST AMEND THE DISCLOSURE STATEMENT WITH THE NEW INFORMATION AND PROVIDE IT TO THE CHAIRPERSON OF THE BOARD OF DIRECTORS AS SOON AS THEY BECOME AWARE OF A POTENTIAL CONFLICT OF INTEREST. DIRECTORS AND OFFICERS MUST ALSO FILE A DISCLOSURE STATEMENT PRIOR TO THEIR INITIAL ELECTION BY SUBMITTING THE FORM TO THE ENTITLEMENTS! HOW? BOARD CHAIRPERSON. IN THE EVENT THAT THE CHAIRPERSON IS THE INDIVIDUAL REPORTING A POSSIBLE CONFLICT OF INTEREST, THE CHAIR WILL SUBMIT HIS/HER FORM TO THE BOARD TREASURER. FORM 990, PART VI, SECTION B, LINE 15 FREE THE FACTS USES COMPARABILITY RESEARCH, SENIOR LEADERSHIP GUIDANCE, AND BOARD APPROVAL FOR ALL COMPENSATION DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G MISCELLANEOUS : PROGRAM SERVICE EXPENSES 480,921. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 52,500. TOTAL EXPENSES 533,421. CONSULTING: PROGRAM SERVICE EXPENSES 131,997. MANAGEMENT AND GENERAL EXPENSES 38,339. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 170,336.