2025-08-20T13:19:58-05:00 2024-12-31 420714325 RSM US LLP 919 EAST MAIN STREET SUITE 1800 RICHMOND VA 23219 990 2024-01-01 813361101 ENTITLEMENTS HOW INC ENTI 3014552326 555 13TH ST NW 400E WASHINGTON DC 20004 GREGORY E MICHEL TREASURER 3014552326 2025-08-19 1 1 MEREDITH BELL P01696827 8042822121 2025-08-19 2024 2025-03-06 01:10:19Z X FREE THE FACTS LINDSAY F HAYES 555 13TH ST NW 400E WASHINGTON DC 20004 10925888 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 17 160 0 0 1975431 10508282 0 0 201198 373284 9678 44322 2186307 10925888 118145 166417 0 0 1524804 2342506 0 0 721902 4104773 4361887 5747722 6870810 -3561415 4055078 23651515 27909259 3607211 3811612 20044304 24097647 X TO EDUCATE AND EMPOWER YOUNG AMERICANS TO MAKE INFORMED DECISIONS ABOUT THE POLICIES THAT DIRECTLY IMPACT THEIR LIVES. THROUGH IN-PERSONLECTURES, LEADERSHIP TRAINING PROGRAMS, AND WORKSHOPS ALONGSIDE ITS ONLINE EDUCATIONAL INITIATIVES TO BUILD A WELL-RESOURCED AND NETWORKED GROUP OF CITIZENS WHO UNDERSTAND THE ECONOMIC AND FISCAL CHALLENGES FACING OUR COUNTRY AND ARE COMMITTED TO DEVELOPING LONG-TERM POLICY SOLUTIONS. 0 0 5238235 166417 PROVIDING LEADERSHIP TRAINING AND EDUCATIONAL MATERIALS FOR YOUNG AMERICANS. IN 2024, 59 EVENTS WERE HELD WITH 3,818 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. 5238235 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 4 0 1 17 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 1 1 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 3014552326 555 13TH ST NW 400E WASHINGTON DC 20004 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 632500 0 17250 CAMDEN STUEBE CHIEF OPERATING OFFICER 40.00 X 260625 0 13031 THOMAS FODOR DIRECTOR, POLICY 40.00 X 115000 0 5750 JASON MARCELLA CREATIVE DIRECTOR 40.00 X 226673 0 4933 BRIANA MOORE DIRECTOR, LEADERSHIP PROGRAMS 40.00 X 111189 0 1112 KAITLYN RIDEL DIRECTOR, COMMS & MARKETING 40.00 X 221524 0 806 1567511 0 42882 6 0 1 0 BASH LLC 9826 LAKE MEADOW COURT BURKE VA 22015 PR AND EVENTS PLANNING 162500 OUTFRONT MEDIA INC PO BOX 33074 NEWARK NJ 07188 ADVERTISING SERVICES 158500 RSM US LLP 5155 PAYSPHERE CIRCLE CHICAGO IL 60674 ACCOUNTING SERVICES 123306 HARRY WALKER AGENCY LLC 355 LEXINGTON AVE 21ST FLOOR NEW YORK NY 10017 SPEAKERS BUREAU 108547 EVENT MANAGEMENT AND TECHNOLOGY LLC 1050 WARE STREET SW VIENNA VA 22180 EVENTS MANAGEMENT 101614 5 3735 10504547 545962 10508282 373284 373284 MISCELLANEOUS INCOME 900099 44322 44322 44322 10925888 0 0 417606 166417 166417 923406 793469 81714 48223 1193087 1025202 105579 62306 27982 24045 2476 1461 65939 56660 5835 3444 132092 113505 11689 6898 10897 10897 181002 181002 308440 280034 26608 1798 97313 54465 42498 350 54512 2974 51538 152111 78818 54259 19034 518998 380603 138395 1016548 340614 100726 575208 1977433 1897764 79669 LICENSES & FEES 5211 519 3571 1121 39422 23146 14217 2059 6870810 5238235 910673 721902 1062370 1728532 7717806 9224537 10933853 12681217 67686 394029 519383 117002 472374 402381 363763 632074 3033663 2846489 23651515 27909259 278463 229740 3328748 3581872 3607211 3811612 X 9110451 11233633 10933853 12864014 20044304 24097647 23651515 27909259 4055078 -1735 0 X 0 1 X 1 0 X 1691699 3237836 13086233 1975431 10508282 30499481 1691699 3237836 13086233 1975431 10508282 30499481 14952359 15547122 7205 1611 11631 200219 373284 593950 247 9678 44322 54247 31147678 0.49910 0.56200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 57397 11127 46270 169311 32706 136605 292675 73169 219506 402381 RENT DEPOSIT 107787 RIGHT-OF-USE ASSET 2738702 2846489 LEASE LIABILITY 3581872 3581872 X 10924153 -1735 -1735 10925888 0 10925888 6870810 0 6870810 0 6870810 PART X, LINE 2: THE ORGANIZATION IS RECOGNIZED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM INCOME TAXES EXCEPT FOR TAXES ON UNRELATED BUSINESS ACTIVITIES. NO PROVISION FOR INCOME TAXES HAS BEEN MADE AS THERE WERE NO NET UNRELATED BUSINESS ACTIVITIES DURING THE YEARS ENDED DECEMBER 31, 2024 AND 2023. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. 1 INTERNSHIP PROGRAM STIPENDS 30 120962 STUDENT HOUSING STIPENDS 8 45455 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 1 0 X X 0 0 0 0 0 0 0 0 0 LINDSAY HAYES PRESIDENT & CEO 572500 0 60000 0 0 0 17250 0 0 0 649750 0 0 0 CAMDEN STUEBE CHIEF OPERATING OFFICER 250625 0 10000 0 0 0 13031 0 0 0 273656 0 0 0 JASON MARCELLA CREATIVE DIRECTOR 201673 0 25000 0 0 0 4933 0 0 0 231606 0 0 0 KAITLYN RIDEL DIRECTOR, COMMS & MARKETING 221524 0 0 0 0 0 806 0 0 0 222330 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 231606 EMPLOYMENT 0 X AIR FARE AND LODGING 1 545962 FMV OF GIFT 1 0 1 0 PART I, COLUMN (B): NUMBER OF DONATIONS 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. COMPENSATION IS REVIEWED ANNUALLY IN ADVANCE OF ANY CHANGES TO SALARIES OR POLICIES. 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.