OMB No 1545-0047 . Return of Organization Exempt From Income Tax Form 990 2014 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) > Do not enter social security numbers on this form as it may be made public. Open to Public D Information about Form 990 and its instructions is at www.irs.gov/fom'i990. Inspection Department of the Treasury Internal Revenue SerVice A For the 2014 calendar year, or tax year beginning 07 /01 , 2014, and ending 0 Name of organization 3 CW'W'W THE LIBRE INITIATIVE TRUST Domg business as Name change Number and street (or P 0 box if mall is not delivered to street address) 1320 NORTH COURTHOUSE ROAD, Initial return return Application pending ARLINGTON, 1320 E Telephone number (703) 678-4577 G Grossreceipts $ NORTH COURTHOUSE I J 501(c)(3) KIM Website; > WWW . THELIBREINITIATIVE . COM K Form of organization I E Summary I X I 501(c)( 4 ) g I Corporation I X I TrustI PENNER 6,314,373. He) Is this agroup relum for subordinates? ROAD STE A-300 ARLINGTON, J $10, @E STE A-300 VA 22201 F Name and address ofpnnapa] otiicer Tax-exempt status 1 Room/suite City or town, state or provmce, country, and ZIP or foreign postal code I EQ 45-2686411 Address change Final ieturnl terminated Amended 06/30, 20 1 5 D Employer identificabon number (.nsen no) I I 4947(a)(1) or VA 22201 HIb) Are allsubordinetes inclined? I I 527 I Other > x No - Yes No ii "No." attachalist (see instructions) H(c) Group exemption number I Assomation I Yes > I L Year of formation 201 1I M State of legal domicne DE Briefly describe the organization's misswn _or most Significant actiVities _S_E_E_ _S_C_H_E_D_U_L_E__O_______7_________________ ;___; - ______; ________________________________________________________________________________ _______________________________________________________________________________________ 33; 2 Check this box > Ii] if the organization discontinued its operations or disposed of more than 25% of its net assets 23 #5 3 4 Number of voting members of the governing body (Part VI, line 1a) _______________________ Number of independent voting members of the governing body (Part VI, line 1b) _________________ g 5 Total number of indiVIduals employed in calendar year 2014 (Part V, line 23) ___________________ 5 47 . Li 6 Total number of volunteers (estimate if necessary) _______________________________ 6 54 9 . 13$. E 0 73 Total unrelated busmess revenue from Part Vlll, column (C), line 12 _______________________ b Net unrelated busmess taxable income from Form 990-T, line 34 ........................ Prior Year (a 8 E Contributions and grants (Part Vlll.line1h) _________________________ 3 4 1 . l . 7a 7b 0 0 Current Year 9 I 50 1 , 17 6 . 6 , 3 l 1 , 502 . 9 Program serVIce revenue (Part VIII. line 29) _________________________ 0 O E 10 Investment income (Part VIII, column (A). lines 3, 4, and 7d) _________________ 4 I 7 60 - l I 7 94 - 11 12 Other revenue (Part VIII, column (A), lines 5, 6d, SC, SC, 10c, and 11e) ____________ Total revenue - add lines 8 through 11 (must equal Part VIII, columnIA), line 12) ....... 4 I 000 . 9 l 509 I 936 - 2. 6 I 313I 2 98 - 13 Grants and Similar amounts paid (Part IX. column (A), lines 1-3) _______________ 27 5 I 000 - 0 14 BenefiEQTBToWr/TO'PVIEmbers (Paer'Eglmen/E)Qne 4) _________________ 3 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) _______ 2 w 163 ProfeSSio lfundraism fees (Part IX, c311 mn( e .5an e b Total fu m 17 ,n4I e 11e) _ O O 2 I 4 3 9 , 98 8 . . _ _ ............. 3 , 57 1 , 94 0. O 0 ses (Part ix, cgl 4(8). ne 5) p _______2_O_9_, _2_6_6_______ Other expenses (Part IX, column (A), lines 11a-11d, 11f-24e) ________________ 6 I 666 , 97 6 . 4 , 4 8 6, 934 . 18 Total expenses Add IIDQQD7E(TH!USI equal Part IX, column (A), line 25) __________ 9 I 38 1 I 964 - 8 I 058 I 8 7 4 - 127I 972- _ll745I 576- 19 Revenue less efprnQAS'IEuEIaQTIhNiEEEI line12 .................... '5 E Beginning of Current Year End of Year 2,618,287. 34 5, 7 55- 1,284,192. 7 57 , 2 3 6 - 2E 22 2 I 272 I 532 - 52 6 I 95 6 . Net assets or fund balances Subtract line 21 from line 20 .................. I H 'U m 8; 20 Total assets(PartX,line16) ________________________________ 3% 21 Total habnmes (Pan x. Ime 26) ............................... Signature Block Under penalties of penury, l deaf? true, correct, and comle; r ory I A I he Iexamined this return, including accompanying schedules and statements, and to the best of my knowledge and belief. it is wearer (other than olticer) is based on all information of which preparer has any knowledge n"!!- W Sign N SigwlTature ofoIioeI Here > KIM PENNER 5/13/2016 Date TRUSTEE Type or print name and title Print/Type preparers name Preparers signature7/IIIQL V Efeiarer MICHAEL J ENGLE i Z7 m Check D it PTIN Y 1 5 2016 self.employed Use Only F'm'sname *BKDI LLP Finn'saddress >120] WALNUT, SUITE 1700 KANSAS CITY, MO 64106-2246 Phone no 816 221-6300 May the IRS discuss this return With the preparer shown above'7 (see instructions) ________________________ For Paperwork Reduction Act Notice, see the separate instructions. gm 5/13/2016 11150209 AM V 14-7.16 X Yes I No Form 990 (2014) JSA 4E10101000 2638EM K922 p004 828 34 Finn's an > 4 4-0160260 120-0096940- 77672 2; 5 PAGE 2 THE LIBRE INITIATIVE TRUST l 45-2686411 i I Form 990 (2014) Page 2 Statement of Program Service Accomplishments Check if Schedule 0 contains a response or note to any line in this Part III ,,,,,,,,,,,,,,,,,,,,,,,, Briefly describe the organization's misSion OUR MISSION IS TO ADVANCE PRINCIPLES AND VALUES OF ECONOMIC FREEDOM (I.E., LIMITED GOVERNMENT, RULE OF LAW, FREE ENTERPRISE AND PERSONAL RESPONSIBILITY) THAT EMPOWER THE U.S. HISPANIC COMMUNITY TO THRIVE AND CONTRIBUTE TO A MORE PROSPEROUS AMERICA. Did the organization undertake any Significant program serwoes during the year which were not listed on the pnor Form 990 or 990-529 ............................................... CI Yes No If "Yes," describe these new serVices on Schedule 0 Did the organization oease conducting, or make Significant changes in how it conducts, any program serwces7 Ij Yes No If "Yes," describe these changes on Schedule 0 Describe the organization's program serVice accomplishments for each of its three largest program serwces, as measured by expenses Section 501(c)(3) and 501(c)(4) organizations are reqUired to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program serVice reported 4a (Code LIBRE )(Expenses$ 6 654 743 COORDINATED AND EXECUTED MOBILIZE THE PRINCIPLES. US WE HISPANIC HOW TO SESSIONS, BACK TO FURTHERMORE, PASS AND WE PARTICIPATION POPULATION ON ECONOMIC HOSTED COMMUNITY-SERVING EVENTS LITERACY, CELEBRATIONS; including grants of$ THE WRITTEN SCHOOL EVENTS, FOSTERED IN THE 2014 HISPANIC POLL TO GAUGE TO - - - ' 0 ') INFORM AND FREEDOM SUCH AS DRIVING TEST, FINANCIAL ENGLISH TUTORING HERITAGE MONTH PARTNERSHIPS WITH CONDUCTED A 0 )(Revenue$ PROGRAMMING EFFORTS SMALL BUSINESSES. OPINIONS ON VOTER MIDTERM ELECTION. SEE SCHEDULE 0 FOR CONTINUATION. 4b (Code ) (Expenses $ including grants of $ )(Revenue $ ) 4c (Code ) (Expenses $ including grants of $ ) (Revenue $ ) 4d Other program serVices (Describe in Schedule 0 ) (Expenses $ including grants of $ 6, 654 , 74 3. 4e Total program sewice expenses > ) (Revenue S ) JA 4510251000 2638EM K922 5/13/2016 ll;50;09 AM V 14-7.l6 120-0096940-0077672 Form 990 (2014) PAGE 3 THE Form 990 (2014) ' LIBRE INITIATIVE TRUST ' 45-2686411 ' Page 3 W Checklist of Required Schedules Yes 1 No Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A ................................................... 1 2 Is the organization reqUired to complete Schedule 8, Schedule of Contributors (see instructions)? ,,,,,,,,, 2 3 Did the organization engage in direct or indirect political campaign activ1tles on behalf of or in opposmon to candidates for public ofhce'7 If "Yes, " complete Schedule C, Part I ,,,,,,,,,,,,,,,,,,,,,,,,,,, 3 4 Section 501(c)(3) organizations. Did the organization engage in lobbying actlvmes, or have a section 501(h) 5 election in effect during the tax year? If "Yes," complete Schedule C, Pan // ,,,,,,,,,,,,,,,,,,,,,, Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, X X X 4 assessments, or Similar amounts as defined in Revenue Procedure 98-19'7 If "Yes," complete Schedule C, Part III .......................................................... Did the organization maintain any donor adVISed funds or any Similar funds or accounts for which donors 6 5 X X have the right to prOVIde adVice on the distribution or investment of amounts in such funds or accounts? If "Yes. "complete Schedule D, Pan I............................................ 6 7 Did the organization receive or hold a conservation easement, including easements to preserve open space, the enVIronment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II __________ 7 8 Did the organization maintain collections of works of art, historical treasures, or other Similar assetS'Hf "Yes," ' complete Schedule D. Part III .............................................. 9 Did the organization report an amount in Part X, line 21, for escrow or custodial account liability, serve as a custodian for amounts not listed in Part X, or prowde credit counseling, debt management, credit repair, or debt negotiation serwces'7 If "Yes, "complete Schedule D, Part IV ,,,,,,,,,,,,,,,,,,,,,,,,,,, Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quaSI-endowments'7 If "Yes, " complete Schedule D, Part V________ If the organization's answer to any of the followmg questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable 10 l 11 l I X _ I 7 8 X 9 X 10 X a Did the organization report an amount for land, bUIldings, and eqUIpment in Part X, line 10'? If "Yes," I complete Schedule D, Part VI .............................................. 11a x I I b Did the organization report an amount for investments-other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 167 If "Yes, "complete Schedule D, Part VII ,,,,,,,,,,,,,,,,, 11b X l I c Did the organization report an amount for investments-program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16'7 If "Yes, " complete Schedule D, Part VIII _________________ 11c X I I I d Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16'? If "Yes, "complete Schedule D, Part IX ___________________________ e Did the organization report an amount for other liabilities in Part X, line 25'? If "Yes, " complete Schedule D, Part X 11d 11e X X l f 11f X complete Schedule D. Parts XI and XII.......................................... 12a X I I Did the organization's separate or consolidated financ1al statements for the tax year include a footnote that addresses the organization's liability for uncertain tax posmons under FIN 48 (ASC 740)? If "Yes, "complete Schedule D, ParlX ,,,,,, 12a Did the organization obtain separate, independent audited financ1al statements for the tax year? If "Yes," I I b Was the organization included in consolidated, independent audited finanCial statements for the tax year? If "Yes," and If the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII IS optional ______________ 12b X 13 Is the organization a school described in section 170(b)(1)(A)(ii)'7 If "Yes, " complete Schedule E___________ 14a Did the organization maintain an office, employees, or agents outSIde of the United States? ,,,,,,,,,,,, 13 14a X x fundraismg, busmess, investment, and program sewice actiVIties outSIde the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV ,,,,,,,,,,, 14b X 15 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other aSSistance to or for any foreign organization'7 If "Yes, " complete Schedule F, Parts II and IV ______________________ 15 X 16 Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other aSSIStance to or for foreign indiViduals'7 If "Yes, " complete Schedule F, Parts [I] and IV ________________ 16 X 17 Did the organization report a total of more than $15,000 of expenses for profeSSlonal fundraismg serViceS on Part IX, column (A), lines 6 and 11e'> If "Yes," complete Schedule G, Part I (see instructions) ,,,,,,,,,,,,, 17 X 18 Did the organization report more than $15,000 total of fundraismg event gross income and contributions on Part VIII, lines to and 8a'7 If "Yes, " complete Schedule G, Part II ,,,,,,,,,,,,,,,,,,,,,,,,,,,, 18 X 19 Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, llne 9a? 19 X 203 X b Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, I If "Yes,"complete Schedule G, Part III .......................................... 20a Did the organization operate one or more hospital faculties? If "Yes, " complete Schedule H _____________ b If "Yes" to line 20a, did the organization attach a copy of its audited finanCIal statements to this return? ...... JSA 4510211000 2638EM K922 5/13/2016 11z50209 AM V 14-7.16 120-0096940-0077672 20b Form 990 (2014) PAGE 4 THE LIBRE INITIATIVE TRUST Form 990 (2014) ' ' Checklist of Reiuired Schedules (continued) 45-2686411 I Page 4 Yes 21 No Did the organization report more than $5,000 of grants or other aSSistance to any domestic organization or domestic government on Part IX, column (A), line 1? If "Yes, " complete Schedule I, Parts I and II .......... 22 Did the organization report more than $5,000 of grants or other aSSistance to or for domestic inleiduals on 23 Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated Part IX, column (A), line 2? If 'Yes," complete Schedule /, Parts land I// ........................ employees? If Wes, " complete Schedule J ....................................... 24a 21 X 22 X 23 X Did the organization have a tax-exempt bond issue With an outstanding prinCIpal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If "Yes," answer lines 24b through 24d and complete Schedule K If "No, " go to line 25a ............................. 24a b c X Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?....... 24b Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds? ........................................... 240 d 25a Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year? ...... 24d Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction With a disqualified person during the year? If "Yes.' complete Schedule L, Partl ............ 25a Is the organization aware that it engaged in an excess benefit transaction With a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ? 7X b If "Yes," complete Schedule L, Part I .......................................... 25b X _ 26 Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes, " complete Schedule L, Part /I ______________________________ Dld the organization prov1de a grant or other aSSistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part I// ............... 27 26 26 X 27 X 28a X Schedule L, Part IV ................................................... 28b X Was the organization a party to a business transaction With one of the followmg parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions) a A current or former officer, director, trustee, or key employee? If "Yes, "complete Schedule L, Part IV ....... b A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete c An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) 29 30 was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV. ........ Did the organization receive more than $25,000 in non-cash contributions? If "Yes, " complete Schedule M. . . . 34 35a b X 31 X 32 X Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part I/ .............................................. 33 30 Did the organization liqudate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Partl ........................................................... 32 X X Did the organization receive contributions of art, historical treasures, or other Similar assets, or qualified conservation contributions? If "Yes, "complete Schedule M .............................. 31 286 29 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301 7701-2 and 301 7701-3? If "Yes," complete Schedule R, Partl .................... 33 Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1 ................................................. 34 Did the organization have a controlled entity Within the meaning of section 512(b)(13)? ______________ 35a If "Yes" to line 35a, did the organization receive any payment from or engage in any transaction With a controlled entity Within the meaning of section 512(b)(13)? If "Yes, " complete Schedule R, Part V, line 2 _____ 35b 36 Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes, " complete Schedule R, Part V, line 2 ,,,,,,,,,,,,,,,,,,,,,,,,,, 37 Did the organization conduct more than 5% of its activmes through an entity that IS not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes, " complete Schedule R, Did the organization complete Schedule 0 and prowde explanations in Schedule 0 for Part VI, lines 11b and 19? Note. All Form 990 filers are requued to complete Schedule 0 ......................... X X X 36 PartV/ ................................. 37 38 X X 38 X Form 990 (2014) JSA 4E1030 1 000 2638EM K922 5/13/2016 11250z09 AM V 14-7.16 120-0096940-0077672 PAGE 5 THE LIBRE INITIATIVE TRUST n l I 45-2686411 1 Form 990 (2014) Page 5 Statements Regarding Other IRS Filings and Tax Compliance Check if Schedule 0 contains a response or note to any line in this Part V .............. ....... D Yes 1a Enter the number reported in Box3 of Form 1096 Enter -0- if not applicable __________ 1a b Enter the number of Forms W-2G included in line 1a Enter -0- if not applicable _________ 1b c Did the organization comply With backup Withholding 92 <5 , 0 rules for reportable payments to vendors and reportable gaming (gambling) Winnings to prize Winners? .................... . . . ........ 2a Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax N No j; ,5 , egg, jets ' "X 94341? 4%? 16 X M .% 238.13, , Statements, filed for the calendar year ending With or Within the year covered by this return _ 2a 47 2 b If at least one is reported on line 2a, did the organization file all required federal employment tax returns? 2b Note. If the sum of lines 1a and 2a is greater than 250, you may be reqUIred to e-f/Ie (see instructions) ,,,,,,, 3a Did the organization have unrelated buSiness gross income of $1 .000 or more during the year? __________ 3a b If "Yes," has it filed a Form 990-T for this year? If "No" to line 3b, prowde an explanation In Schedule 0 _______ 3b < I X X 9* , J X 4a At any time during the calendar year, did the organization have an interest in, or a Signature or other authority over, a Manual account in a foreign country (such as a bank account, securities account, or other finanCIaI account)? ......................................................... 43 b If "Yes," enter the name of the foreign country > ___________________________________________ , , I X 4? 2,1) $8 See Instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and FinanCIaI Accounts 777 777 e 8% 7 (FBAR) w ., 5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ________ b Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? c If "Yes" to line 5a or 5b, did the organization file Form 8886-T? ____________________________ 53 5b 5c 6a Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization what any contributions that were not tax deductible as charitable contributions? ___________ 6a m , 168* X X X If "Yes," did the organization include With every soIICitation an express statement that such contributions or gifts were not tax deductible? .............................................. 7 Organizations that may receive deductible contributions under section 170(c). a Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services prowded to the Patlor'7 ........................................... b If "Yes," did the organization notify the donor of the value of the goods or sewices prowded? ____________ c Did the organization sell, exchange, or otherWise dispose of tangible personal property for which it was required to file Form 8282? ............................................... d If "Yes," indicate the number of Forms 8282 filed during the year ________________ I 7d I e Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? f Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? _____ g If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? h If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-0? 8 9 a b 10 a b 11 Sponsoring organizations maintaining donor advised funds. Did a donor adVIsed fund maintained by the I sponsoring organization have excess buSiness holdings at any time during the year? ,,,,,,,,,,,,,,,,, 8 Sponsoring organizations maintaining donor advised funds. as . Did the sponsoring organization make any taxable distributions under section 4966? ,,,,,,,,,,,,,,,, 9a Did the sponsoring organization make a distribution to a donor, donor adVIsor, or related person? ,,,,,,,,,, 9b Section 501(c)(7) organizations. Enter Initiation fees and capital contributions included on Part VIII, line 12 ,,,,,,,,,,,,,, 103 Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities , , , , 10b Section 501(c)(12) organizations. Enter a Gross income from members or shareholders a I I X I i *3 . I; ' e9 1 i , 1 N __________________________ 11a b Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them ) ___________________________ 11b 12a Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041? b If "Yes," enter the amount of tax-exempt interest received or accrued during the year ,,,,, 12b 123 . 13 e 13a Section 501(c)(29) qualified nonprofit health insurance issuers. a Is the organization licensed to issue qualified health plans in more than one state? __________________ Note. See the instructions for additional information the organization must report on Schedule 0 b Enter the amount of reserves the organization is required to maintain by the states in which I the organization is licensed to issue qualified health plans .................... 13b c Enter the amount of reserves on hand ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 13c 14a Did the organization receive any payments for indoor tanning serVices during the tax year? _____________ b If "Yes," has it filed a Form 720 to report these payments? If "No,"m>wde an explanation In Schedule 0 ...... 451071541000 14a 14b X Fan" 990 (2014) 2638EM K922 5/13/2016 11150z09 AM V 14-7.16 120-0096940-0077672 PAGE 6 Form 990 (2014) Part VI THE LIBRE INITIATIVE TRUST 45-2686411 Page6 Governance, 'Management, and Disclosure For each "Yes" response to Iines 2 through 7b below, and for a "No" response to line 83, 8b, or 10b below, describe the Circumstances, processes, or changes in Schedule 0 See instructions Check if Schedule 0 contains a response or note to any line in this Part VI ........................ Section A. GoverninLBody and Management Yes 1a Enter the number of voting members of the governing body at the end of the tax year ..... 1a 1 1b 1 No If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or Similar committee, explain in Schedule 0 b 2 Enter the number of voting members included in line 1a, above, who are independent ..... Did any officer, director, trustee, or key employee have a family relationship or a busmess relationship With any other officer, director, trustee, or key employee? ................................ 2 X superVISlon of officers, directors, or trustees, or key employees to a management company or other person? . . 3 X 4 Did the organization make any Significant changes to its governing documents Since the prior Form 990 was filed? ...... 4 X 5 6 Did the organization become aware during the year of a Significant diverSion of the organization's assets?. . . . Did the organization have members or stockholders? ................................ 5 5 X X 7a Did the organization have members, stockholders, or other persons who had the power to elect or appomt one or more members of the governing body? .................................... Are any governance deCIsmns of the organization reserved to 7(or subject to approval by) members, stockholders, or persons other than the governing body? .............................. 3 Did the organization delegate control over management duties customarily performed by or under the direct b 8 7a X 7 7b X Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the followmg a The governing body? .................................................. 88 b Each committee With authority to act on behalf of the governing body? ...................... 8b X Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization's mailing address? If "Yes, "prowde the names and addresses in Schedule 0 ........... 9 X 9 X Section B. Policies (This Section B requests information aboutpolrcres not required by the Internal Revenue Code ) Yes 10a Did the organization have local chapters, branches, or affiliates? .......................... 103 If "Yes," did the organization have written policies and procedures governing the actiVitles of such chapters, affiliates, and branches to ensure their operations are conSlStent With the organization's exempt purposes? . . . 10b 11a Has the organization provrded a complete copy of this Form 990 to all members of its governing body before filing the form? . 11a X b 12a Describe in Schedule 0 the process, if any, used by the organization to reVIewthls Form 990 Did the organization have a written conflict of interest policy? If "No," go to line 13 ................ 123 X 12b X describe in Schedule 0 how this was done ...................................... Did the organization have a written whistleblower policy? .............................. 126 13 X X 14 Did the organization have a written document retention and destruction policy? .................. 14 X 15 Did the process for determining compensation of the follow1ng persons include a reVIew and approval by 15a 15b X X b b 13 a b 16a b X Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? .................................................... c No Did the organization regularly and conSlStently monitor and enforce compliance With the policy? If "Yes," independent persons, comparability data, and contemporaneous substantiation of the deliberation and deClSIon? The organization's CEO, Executive Director, or top management offlCIaI ...................... Other officers or key employees of the organization ................................. If "Yes" to line 15a or 15b, describe the process in Schedule 0 (see instructions) Did the organization invest in, contribute assets to, or partiCipate in a mint venture or Similar arrangement With a taxable entity during the year? ......................................... 163 If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its parthlpation in IOInt venture arrangements under applicable federal tax law, and take steps to safeguard the organization's exempt status With respect to such arrangements? ,,,,,,,,,,,,,,,,,,,,,,,,, 15b X Section C. Disclosure 17 List the states With which a copy of this Form 990 IS reqUIred to be med P_____________________________________ 18 Section 6104 requires an organization to make its Forms 1023 (or 1024 if applicable), 990, and 990-T (Section 501(c)(3)s only) available for public inspection Indicate how you made these available Check all that apply Own webSIte II] Another'swebSIte Upon request D Other(exp/ainin Schedule 0) 19 Describe in Schedule 0 whether (and if so, how) the organization made its governing documents, conflict of interest policy, and Manual statements available to the public during the tax year 20 State the name, address, and telephone number of the person who possesses the organization's books and records b DANIEL GARZA 1320 NORTH COURTHOUSE ROAD, STE A-3OO ARLINGTON, VA 22201 703-678-4577 JSA Form 990 (2014) 4E10421000 2638EM K922 5/13/2016 11150109 AM V 14-7.16 120-0096940-0077672 PAGE 7 Form990(2014) Part VII THE LIBRE INITIATIVE TRUST 45-2686411 Page7 Compensation 'of Officers, Directors, Trustees, Key Employees, Hig'hest Compensated Employees, and Independent Contractors Check if Schedule 0 contains a response or note to any line in this Part VII ...................... E] Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees 1a Complete this table for all persons required to be listed Report compensation for the calendar year ending With or Within the organization's tax year 0 List all of the organization's current officers, directors, trustees (whether indiViduals or organizations), regardless of amount of compensation Enter -0- in columns (D), (E), and (F) if no compensation was paid 0 List all of the organization's current key employees, if any See instructions for definition of "key employee" 0 List the organization's flve current highest compensated employees (other than an officer, director, trustee, or key employee) who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the organization and any related organizations 0 List all of the organization's former officers, key employees, and highest compensated employees who received more than $100,000 of reportable compensation from the organization and any related organizations 0 List all of the organization's former directors or trustees that received, in the capaCity as a former director or trustee of the organization, more than $10,000 of reportable compensation from the organization and any related organizations List persons in the followmg order indiVidual compensated employees, and former such persons trustees or directors, institutional trustees, officers, key employees, highest CI Check this box if neither the organization nor any related_organization compensated any current officer, director, or trustee (A) (B) (C) POS'I'O" (D) (E) (F) Name and Title Average hours per (d0 "OI Cheek more than one bDX. unless person is both an Reportable compensation Reportable compensation from Estimated amount of week (list any officer and a director/trustee) from related Other hours for o 3 5 o I. I T, the organizations compensation related 9g g g 3 1315, g organization (W-2I1099-MISC) x organizations 3 g g. 9; S .2 It; 2 (W-2/1099-MISC) below doned line) g 1'. % g a ; T. a in -1 (D '0 a .5, 3 " 2 I from the Olganlzatlon g 8 and related organizations 3 _IDEEEETTE_EEBBAI_Z_________________ ____5_-_09_ TRUSTEE 0 X 0 0 0 _IZIPMIEE_EEBEE______-____________ ___3_7_-_09_ EXECUTIVE DIRECTOR 3.00 X 190,970. 0 27,251. X 148,609. 0 12,153. X 148,610. 0 5,571. X 100,531. 0 5,495. _IQIEEIPEEILEAEIIEEQHH___________ ___3_7_-_0_0_ CHIEF OPERATING OFFICER 3.00 499995345141ng______--____________ ___49_-_0_0_ NATIONAL STRATEGIC DIRECTOR 0 _IQLEBIQEEQYIQES.____-____________ ___4_0_-9_0_ NATIONAL FIELD DIRECTOR 0 _ LE)______________________________________ I -17)_______________________________________ _18)_______________________________________ _ L9.)_______________________________________ 110.)_______________________________________ 111.)_______________________________________ 112.)_______________________________________ 11.3.)_______________________________________ 114)_______________________________________ JSA 4510411000 Form 990 (2014) 2638EM K922 5/13/2016 11150z09 AM V 14-7.16 120-0096940-0077672 PAGE 8 Form 990 (2014) Part VII ' THE LIBRE INITIATIVE TRUST ' Section A. Officers, Directors, Trustees, Ke (A) Name and title 45-2686411 U ' Page 8 Employees, and Highest Compensated Employees (continued) (B) Average (C) Posnion (D) Reportable (E) Reportable (F) Estimated amount of hours per (d0 noI Cheek more than one compensation compensation from week ("51 any box, unless person is both an from related other hours for officer and a director/trustee) the organizations compensation (W-2/1099-MISC) 'e'amd i3 _3. g E $ I; g organization organizations below dotted 6 a Q g E 5 m P (W-2/1099-MISC) line) 9' E 9. 3 E 3 .u_ E 3 I. a E .2 a g E 9'. 3 3 8 3 e m from the organization and related organizations D. l I ----------------------------------------- 4 l ibSub-totai ...................................... > I c Total from continuation sheets to Part VII, Section A _____________ > dTotal(add lines 1band1c) ............................ b 588,720- 0 0 0 588,720. 0 0 2 Total number of inleiduals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization > 4 3 Did the organization list any former officer, director, or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such ind/Vidual .......................... 4 For any indiVIdual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If 'Yes," complete Schedule J for such indiViduaI ........................................................... , 50,47050,470. 5 Did any person listed on line 1a receive or accrue compensation from any unrelated organization or inleIdual for seerces rendered to the organization? If "Yes," complete Schedule J for such person ,,,,,,,,,,,,,,,, Section B. Independent Contractors 1 I Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization Report compensation for the calendar year ending With or Within the organization's tax year I I (A) (B) (C) Name and busrness address Description of serVIces Compensation ORCI SANTA MONICA, CA 90405 TARGET ENTERPRISES LLC ASHLAND, VA 23005 THE STONERIDGE GROUP, LLC ALPHARETTA, GA 30022 DEL CIELO MEDIA LLC ALEXANDRIA, VA 22314 FREETHINK MEDIA, LLC WASHINGTON, DC 20004 2 MEDIA MEDIA MEDIA MEDIA MEDIA BUYING BUYING PRODUCTION BUYING PRODUCTION Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 in compensationfrom the organization > 752,496. 649,500. 598,205. 456,000. 140,334. 3 6 14%,?ng ' '1 ' i ,. JSA 4510551000 2638EM K922 5/13/2016 11250109 AM V 14-7.16 120-0096940-0077672 PAGE 9 meSBOQOM) THE LIBRE INITIATIVE TRUST 45-2686411 Pweg ' Statement of Revenbe Check if Schedule Ocontains a response or note to anyline in this Part Vlll ...... . . . . . . . ....... . . . . CI I . is . e e , <' e ,. 8 I (B) (C) (D) Related or Unrelated Revenue exempt busmess excluded from tax function revenue under sections ,8 ., S. e, I, 8,, . s e .. as I (A) Total revenue 1 . , (K 56 , .69 es ,, 86 ,. 6 . st . . . . . . . . ........ . . . . . . . . . ....... 1a 1b 16 1d ,1 e Government grants (contributions). . 1e 6. 1 All 2% g E 3f '53 1a b c d g; EE '5 5 Federated campaigns Membership dues . . FundraiSlng events . Related organizations other contributions, gins, grants, I. a. 1" N I *1 A s; . and Similar amounts not included above . 1' 6r 311I 502 Noncash contributions included in lines 1a-1f $ U N h Total. Add lines 1a-1f . ........ . . . . . . . . . P 2 2a 23 b E c r3 d 8' f E g Total. Add lines 2a-2f. . . . . . . ........... > income (including diVidends, 9 M X I 0 Royalties ........ . . . . . . .......... P o r I , X I 3 I" '18" X t (n)Pewonal E Gross rents ....... . x ,g, 5 g% 3 I, 1, ' N. .8 I? " N?" I "83* '2 ' 9' 1* Rental income or (loss) . . t Netrentallncomeor(loss)..............> Gross amount from sales of (0 Securities awmwmmmmmmW Lw4 1") Other I . I ' '8' I I Less cost or other baSls and sales expenses . . . . 1,075 c Gautoraoss) ....... -21 d Net gain or(loss) ...... . ...... . . . . . . . > . I 1;. , _ 26 , V 5 ofcontnbuhonsreponed onhne1c) See Part IV, line 18 . . . ........ a b %3% g9, . 8' * g... eg %$ *8" e; 1% -21 -21 ,6 6% . Q 4,, 4 I g b Less direct expenses . . ........ 5 c Net income or (loss) from fundraismg events. ...... D I e . a b Lea mmdemawa ...... .... b c Net income or (loss) from gaming actiVlties. . . 4 __ . . . F w 49 e I t . * __ _L 0 a l Less costofgoodssom . ........ b Net income or (loss) from sales of inventory, _ ,,,,,, b Miscellaneous Revenue t 0 we _ ,_ _____ Gross sales of inventory, less rehunsandanowances _________ X 3,, Gross income from gaming actiwties SeePaan,hne19 , , $9, E I 0 Gross income from fundraismg events (not including 3 ,e I ,, 9 5 it (V Less rentalexpenses . . . b c 7? 1,815 5 10a 2 "I 1,815 0 9a *9 interest, Income from investment of tax-exempt bond proceeds . R 8a XX , <> 6,311,502 4 0)Real 3 W , *9 I I I I All other program serVIce revenue . . . . . Investment b e I and otherSimilar amounts). . . . . . . ......... > d 8; I BushessCode 7a 8 I 6" E c see 4, g 6a 0 .. .2 e3, 66 e is. w gE 3 512-514 revenue ,x . _L._LL . 0 Business Code I Ha b c d A" otherrevenue . . . .. ........ 2 Total revenue. See instructions . ........... . b 6, 313, 298 12 2 2 900099 e Total. Add line511a-11d . . . ............. > I 1, 796 ,5, Form 990 (2014) 451051 1000 2638EM K922 55/13/2016 11150109 AM V 14-7.16 120-009694 0-0077 672 PAGE 1 0 Part IX 45-2686411 THE LIBRE INITIATIVE TRUST Form 990 (2014) Page 10 Statement of Functional Expenses Section 501(c)(3) and 501(c)(4) organizations must complete all columns All other organizations must complete column (A) Check if Schedule 0 contains a response or note to any line in this Part IX ________________________ Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII. 1 (A) (3) (C) (D) Total expenses Program serVice Management and general expenses FundraiSlng expenses expenses Grants and other aSSistance to domestic organizations and domestic governments See Part IV, line 21 . . . . 2 Grants and other aSSistance to domestic indiVIduals See Part IV, line 22 ......... 3 Grants and other aSSistance to foreign organizations, foreign governments, and foreign indiwduals See Part IV, lines 15 and 16 _____ 4 Benefits paid to or for members ,,,,,,,,, Compensation of current officers, directors, 236,007. 209,289. 2,503,002. 2,176,040. 325,155. 1,807. 9,330. 401,695. 212,617. 7,903. 1,181. 52,220. 246. 349,475. 184,574. 27,580. 463. 114,984. 69,712. 445,296 trustees, and key employees ,,,,,,,,,, 6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons descnbed in section 4958(c)(3)(B) ______ 7 Other salaries and wages ____________ 8 PenSion plan accruals and contributions (include section 401 (k) and 403(b) employer contributions) 9 Other employee benetits ............ 10 Payroll taxes .................. Fees for serVices (non-employees) Q-QOQOU'N 11 0 Management 184,696 Legal ..................... Accounting .................. O 382,967 Lobbying Professmnal fundraismg serVices See Part IV, line 17, Investment management fees Other (If line 119 amount exceeds 10% of line 25, column ATCH 1 (A) amount, list line 119 expenses on Schedule 0) ...... 1,671,635 Advertismg and promotion ,,,,,,,,,,, 13 Office expenses ................ 196,174 Information technology ............. 2,880 15 Royalties .................... 16 Occupancy .................. 17 Travel ..................... 393,047 18 1,481,701. 53,740. 136,194. 67,558. 67,558. 2,880. 61,058. 294,785. 643,790. 98,262. 160,947. 201,026. 22,336. O 12 14 382,967. O 0 0 811,045 6,308. Payments of travel or entertainment expenses 0 for any federal, state, or local public offICIals 19 223,362 Conferences, conventions, and meetings , _ , _ 20 Interest .................... 21 Payments to affiliates .............. 22 DepreCIation, depletion, and amortization _ _ _ _ 23 O 0 87,416 22,969 Insurance 24 Other expenses Itemize expenses not 87,416. 17,227. 5,742. covered above (List miscellaneous expenses in line 24e If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule 0) 25 26 a P_U_B_L_I_C_ EDL1 931 11211 _____________ b L_I_C_E_1)1_S_E. It - E BQQESSJJIQ _F_P3_E_S_____ 464,168. 37,139. 464,168. 25,462. 8,487. 3,190. e All other expenses _________________ 9,436. 8,058,874. 7,076. 6,654,743. 2,360. 1,194,865. 209,266. Total functional expenses. Add lines 1 through 24e Joint costs. Complete this line only if the organization reported in column (B) Icint costs from a combined educational campai n and fundraismg soIICitation Check here > If followmg SOP 98-2 (ASC 958-720) ,,,,,,, JSA 4E1052 1 000 2638EM K922 Form 990 (2014) 5/13/2016 11z502 09 AM V 14-7.16 120-0096940-0077672 PAGE 1 l THE LIBRE INITIATIVE TRUST Form 990 (2014) ' 45-2686411 ' ' Page 11 Balance Sheet Check if Schedule 0 contains a response or note to any line in this Part X ..................... I 1 2 3 4 Cash - non-interest-bearing ___________________________ Savmgs and temporary cash investments ____________________ Pledges and grants receivable, net _______________________ Accounts receivable, net ____________________________ 5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees (A) (B) Beginning of year End of year 1 99, 033 . 1 , 857 , 739. O 24 , 937. 1 2 3 4 128 , 382. 699, 585. O 206, 182. O 5 0 organizations (see instructions) Complete Part II of Schedule L ____________ 0 6 0 Notes and loans receivable, net _________________________ O 7 0 Complete Part II of Schedule L _________________________ 6 I Loans and other receivables from other disqualified persons (as defined under section 4953(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' benefiCiary m E 7 2 8 inventories for saie or use ............................ 9 10a Land, bUlIdll'lgS, and eqmpment cost or _1 _ 0 8 Prepaid expenses and deferred charges ,,,,,,,,,,,,,,,,,,,, 'other baSIs Complete Part VI of Schedule D , _ 10a 2 8 5 , 5 l 5. b Less accumulated depreCIation __________ 10b 117,266. 11 12 Investments - publicly traded securities ____________________ Investments - other securities See Part IV, line 11 _______________ 13 Investments - program-related See Part IV, line 11 .............. 39 , 4 8 6. .1. . 9 _ 0 61 , 583. , 143,640. 10c 168,249. O 11 334 , 88 1 . 12 0 O O 13 O 14 Intangible assets ................................. 0 14 0 15 Otherassets SeeParth, line11 ,,,,,,,,,,,,,,,,,,,,,,,, 18,571. 15 20,211. 16 Total assets. Add lines 1 through 15(must equal line 34) .......... 16 1,284,192. 17 Accounts payable and accrued expenses ____________________ 34 5 , 755. 17 757 , 236. 18 19 20 Grants payable .................................. Deferred revenue ................................ TeX-exempt bond liabilities ........................... 0 18 0 19 0 20 0 0 0 O 21 O g 21 Escrow or custodial account liability Complete Part IV of Schedule D _ . _ _ E 22 33 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and " 2, 618,287. disqualified persons Complete Part II of Schedule L ______________ 0 22 0 23 Secured mortgages and notes payable to unrelated third parties _______ O 23 O 24 Unsecured notes and loans payable to unrelated third parties _________ O 24 O 25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24) Complete Part X 26 of Schedule D .................................. 0 25 0 Total liabilities. Add lines 17 through 25 .................... 34 5, 755 . 26 7 57 , 2 3 6. 3 Organizations that follow SFAS 117 (ASC 958), check here > complete lines 27 through 29, and lines 33 and 34. E 27 3 28 Unrestricted net assets _____________________________ Temporarily restricted net assets ________________________ 2,272,532. 27 O 28 526,956. 0 'g 29 Permanently restricted net assets ,,,,,,,,,,,,,,,,,,,,,,,, O 29 0 .3 3 Organizations that do not follow SFAS 117 (ASC 958), check here complete lines 30 through 34. .3 3 f ; D LL] and CI and 30 31 32 33 Capital stock or trust prinCipaI, or current funds _______________ Paid-in or capital surplus, or land, budding, or equipment fund ________ Retained earnings, endowment, accumulated income, or other funds _ _ _ Total net assets or fund balances ________________________ 30 31 32 2 , 272 , 532. 33 34 Total liabilities and net assets/fund balances .................. 2 , 618 , 287. 34 526, 956 . 1 , 284 , 1 92 . Form 990 (2014) JSA 4E1053 1 000 2638EM K922 5/13/2016 11250z09 AM V l4-7.16 120-0096940-0077672 PAGE 12 THE LIBRE INITIATIVE TRUST Form 990 (2014) ' 45-2686411 ' ' Page 12 Reconciliation of Net Assets Check if Schedule 0 contains a response or note to any line in this Part XI ................... CI 1 Total revenue (must equal Part VIII, column (A), line 12) _______________________ 1 6, 313 , 298. 2 3 4 Total expenses (must equal Part IX, column (A). line 25) ,,,,,,,,,,,,,,,,,,,,,,, Revenue less expenses Subtract line 2 from line 1 ,,,,,,,,,,,,,,,,,,,,,,,,,, Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ,,,,, 2 3 4 8 , 058 , 874 . -1 , 74 5 , 57 6. 2 I 272 I 532 - 5 Net unrealized gains (losses) on investments _____________________________ 5 0 6 Donated serwces and use offaCilities ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 6 0 7 Investment expenses .......................................... 7 O 8 Prior period adiustments ........................................ 8 0 9 Other changes in net assets or fund balances (explain in Schedule 0) ,,,,,,,,,,,,,,,, 9 0 10 Net assets or fund balances at end of year Combine lines 3 through 9 (must equal Part X, line 33, column(B)) ............................................. 10 526,956. Financial Statements and Reporting Check if Schedule 0 contains a response or note to any line in this Part XII ,,,,,,,,,,,,,,,,,,, III Yes 1 Accounting method used to prepare the Form 990 CI Cash Accrual No III Other If the organization changed its method of accounting from a prior year or checked "Other," explain in Schedule 0 7 1 , 7 2a Were the organization's finanCIaI statements compiled or reVIewed by an independent accountant'7 ...... 23 X 2b X If "Yes," check a box below to indicate whether the finanCial statements for the year were compiled or reVIewed on a separate ba5is, consolidated basis, or both [3 Separate basis IZI Consolidated basis I1 Both consolidated and separate baSlS b Were the organization's finanCial statements audited by an independent accountant'7 .............. If "Yes," check a box below to indicate whether the Manual statements for the year were audited on a separate ba5is, consolidated baSlS, or both CI Separate basis I3 Consolidated basis I E] Both consolidated and separate ba5is c If "Yes" to line 2a or 2b, does the organization have a committee that assumes respon5ibility for over5ight of the audit, reView, or compilation of its finanCIal statements and selection of an independent accountant? If the organization changed either its oversight process or selection process during the tax year, explain in 20 i I Schedule 0 3a As a result of a federal award, was the organization reqUired to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133'7 ................................... b If "Yes," did the organization undergo the reqUired audit or audits? If the organization did not undergo the reqUIred audit or audits, explain why in Schedule 0 and describe any steps taken to undergo such audits 3a X 3b Form 990 (2014) l l l l JSA 4E1054 1 000 2638EM K922 5/13/2016 11250109 AM V 14-7.16 120-0096940-0077672 PAGE 1 3 SCHEDULE D ' (Form 990) OMB No 1545-0047 Supplemental Financial Statements >Complete if the organization answered "Yes" to Form 990, Part IV, line 6,7,8,9,10.11a,11b,11c,11d,11e,11f,12a.or12b. Department ofthe Treasury Internal Revenue semce Open to Public Inspection R Attach to Form 990D Information about Schedule D (Form 990) and its instructions is at www.irs.gov/fomi990. Name of the organization Employer identification number THE LIBRE INITIATIVE TRUST 45-2686411 Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6 (a) Donor adwsed funds (b) Funds and other accounts 1 2 Total number at end of year ........... Aggregate value of contributions to (during year) 3 Aggregate value of grants from (during year) . . 4 5 Aggregate value at end of year .......... Did the organization inform all donors and donor adVisors in writing that the assets held in donor adVIsed funds are the organization's property, subject to the organization's exclusive legal control? ........... III Yes III N0 Did the organization inform all grantees, donors, and donor adVIsors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor adVIsor, or for any other purpose conferring impermiSSible private benefit? . .7. . ................. - .................. Yes III No 1 6 Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7. 1 Pur ose(s) of conservation easements held by the organization (check all that apply) Preservation of land for public use (e g , recreation or education) Protection of natural habitat Preservation of a historically important land area Preservation of a certified historic structure Preservation of open space Complete lines 2a through 2d if the organization held a qualified conservation contribution in 2 easement on the last day of the tax year a b c d $1 "9'9 at the 5119 Of the Tax Year Total number of conservation easements ........................... Total acreage restricted by conservation easements ..................... Number of conservation easements on a certified historic structure included in (a) ..... Number of conservation easements included in (c) achIred after 8/17/06, and not on a 3 historic structure listed in the National Register ........................ Number of conservation easements modified, transferred, released, extingwshed, or terminated by the organization during the 4 5 tax year > _________________ Number of states where property subIect to conservation easement is located > _________________ Does the organization have a written policy regarding the periodic monitoring, inspection, handling of 6 Violations, and enforcement of the conservation easements it holds? ...................... CI Yes Staff and volunteer hours devoted to monitoring, inspecting, and enforcmg conservation easements during the year 7 > _________________ Amount of expenses incurred in monitoring, inspecting, and enforcmg conservation easements during the year > $ _________________ 8 Does each conservation easement reported on line 2(d) above satisfy the reqmrements of section 170(h)(4)(B )(i) III No and section 170(h)(4)(B)(i)7 ............................................. CI Yes CI No 9 In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and balance sheet, and include, if applicable, the text of the footnote to the organization's financial statements that describes the organization's accounting for conservation easements Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets. Complete if the organization answered "Yes" to Form 990, Part IV, line 8 1a If the organization elected, as permitted under SFAS 116 (ASC 958), not to re ort in its revenue statement and balance sheet works 0 art historical treasures, or other Similar assets held for public exhi ition, education, or research in furtherance of public service, prowde, in Part Xlll, the text of the footnote to its finanCial statements that describes these items b If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other Similar assets held for public exhibition, education, or research in furtherance of public serwce, prowde the followmg amounts relating to these items (i) Revenue included in Form 990, Part VIII, line 1 .............................. (ii) Assets included in Form 990, Part X .................................... 2 a b > $ _____________ > $ _____________ If the organization received or held works of art, historical treasures, or other Similar assets for finanCIal gain, prowde the followmg amounts reqUIred to be reported under SFAS 116 (ASC 958) relating to these items Revenue included in Form 990, Part VIII, line 1 ................................ > $ _____________ Assets included in Form 990, PartX ...................................... > $ Fsor Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule D (Form 990) 2014 J A 4E12681000 2638EM K922 5/13/2016 11250;O9 AM V 14-7.16 120-0096940-0077672 PAGE 19 THE LIBRE INITIATIVE TRUST Schedule D (Form 990) 2014 ' 45-2686411 ' Page 2 Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued) 3 USing the organization's achiSition, accessmn, and other records, check any of the followmg that are a Significant use of its collection items (check all that apply) Public exhibition Scholarly research d Loan or exchange programs e Other Preservation for future generations Prowde a description of the organization's collections and explain how they further the organization's exempt purpose in Part XIII 5 During the year, did the organization SOIiCit or receive donations of art, historical treasures, or other Similar assets to be sold to raise funds ratherthan to be maintained as part of the organization's collection? ,,,,,, Part IV 1a D Yes D No Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21 Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not induded on Fonn 990.Partx7 ............................................ [Z] Yes [Z] No *mnni If "Yes," explain the arrangement in Part XIII and complete the followmg table , , , 2a b _ _ I Amount 4 - Beginnin'g balance ................ 7.................. 1c Additions during the year .............................. 1d Distributions during the year ............................. 1e Ending balance .................................... 1f Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? I_l Yes If "Yes," explain the arrangement in Part XIII Check here if the explanation has been prowded in Part XIII _____ Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10. (a) Current year 1a (b) Prior year (c) Two years back (d) Three years back (e) Four years back Beginning of year balance _ _ _ _ Contributions Net investment earnings, gains, and losses Grants or scholarships ______ Other expenditures for faCilities and Programs ........... Administrative expenses _____ End of year balance ________ Prowde the estimated percentage of the current year end balance (line 19, column (a)) held as Board de5ignated or quaSI-endowment p % 3a Permanent endowment p % Temporarily restricted endowment p % The percentages in lines 2a, 2b, and _26 Should-eoual 100% Are there endowment funds not in the possessmn of the organization that are held and administered for the Yes organization by (i) unreiated organizations ............................................... (ii) related organizations ................................................ b 4 If "Yes" to 3a(ii), are the related organizations listed as reqUIred on Schedule R7 __________________ No 33(i) 3a(ii) 3b Describe in Part XIII the intended uses of the organization's endowment funds Land, Buildings, and Equi merit. Complete ift e organiza ion answered "Yes" to Form 990, Part IV, line 11a See Form 990, Part X, line 10. Description of propeity (a) Cost or other ba5is (b) Cost or other baSlS (c) Accumulated (investment) (other) depreCiation (d) Book value Land ..................... BUildanS .................. Leasehold improvements __________ EqUIpment Other 285,515. 168,249. 117,266. 168,249. Total. Add lines 13 through 1e (Column (d) must equal Form 990, Part X, column (B), line 10(0)) ,,,,,, b Schedule 0 (Form 590) 2014 JSA 4151269 1 000 2638EM K922 5/13/2016 llz50c09 AM V l4-7.16 120-0096940-0077672 PAGE 2 O THE LIBRE INITIATIVE TRUST Schedule D (Form 990) 2014 ' ' 45-268 6411 ' Page 3 Investments - Other Securities. Complete if the organization answered "Yes" to Form 990, Part IV, line 11b See Form 990, Part X, line 12 (a) Description of security or category (including name of security) (b) Book value (c) Method of valuation Cost or end-of-year market value (1) FinanCiaI derivatives ................. (2) Closely-held eqUity interests ............. (3) Other_______________________________ Total. (Column (b) must equal Form 990. Part X. col (8) line 12 ) D Part VIII Investments - Program Related. Complete if the organization answered "Yes" to Form 990, Part IV, line 11c. See Form 990, Part X, line 13 (a) Description of investment (b) Book value - (c) Method of valuation Cost or end-of-year market value 41) 42) 43) (4) (5) 46) I7) 18) (9) Total. (Column (b) must equal Form 990, Part X, col (8) line 13) b Other Assets. Complete if the organization answered "Yes" to Form 990, Part IV, line 11d See Form 990, Part X, line 15 (a) Description (b) Book value (1) (2) (3) (4) (5) (6) (7) (8) (9) Total. (Column (b) must equal Form 990, Part X, col (B) line 15) .......................... > Other Liabilities. Complete if the organization answered "Yes" to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25 of (b) Book value 1 Federal income taxes 2 3 4 5 6 7 8 9 Total. must Form 990, PartX, col line 25 b 2. Liability for uncertain tax posmons In Part XIII, prowde the text of the footnote to the organization's finanCIal statements that reports the organization's liability for uncertain tax posmons under FIN 48 (ASC 740) Check here if the text of the footnote has been prowded in Part Xlll E 128270 1 000 Schedule D (Form 990) 2014 2638EM K922 5/13/2016 11;50;O9 AM V 14-7.16 120-0096940-0077672 PAGE 21 45-2686411 THE LIBRE INITIATIVE TRUST v Schedule D (Form 990) 2014 ' ' ' Page 4 Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered "Yes" to Form 990, Part IV, line 12a Total revenue, gains, and other support per audited finanCIaI statements ________________ 1 OQOUD Amounts included on line 1 but not on Form 990, Part VIII, line 12 Net unrealized gains (losses) on investments __________________ Donated serVIces and use of faCIlltleS ______________________ za 2b Recoveries 0f prior year grants .......................... 20 Other (Describe in Part Xiii > ........................... 2d Add lines 2a through 2d ............................. . . ............ 2e Subtract line 2e from line 1 ......................................... Amounts included on Form 990, Part VIII, line 12, but not on line 1 a Investment expenses not included on Form 990, Part VIII, line 7b _______ 4a b Other (Describe in Part Xiii ) ........................... 4o c Add lines 4a and 4b ............................................. Total revenue Add lineS 3 and 4c. (This must equal Form 990, Part I, line 12 ) ,,,,,,,,,,,,,, 5 3 4c 5 Part Xll Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered "Yes" to Form 990, Part IV, line 12a. Total expenses and losses per audited financial statements _ _ _ ___ .7 ___ _, _______________ 1 09.039 1 2 Other(Descr'ibe'in'P'ar't)'AttaCh to Form 990 OI" 990-EZ. lntemal Revenue SerVice Employer identification number Name of the organization 45-2686411 THE LIBRE INITIATIVE TRUST FORM 990, PART I, LINE 1 OUR MISSION IS TO ADVANCE PRINCIPLES AND VALUES OF ECONOMIC FREEDOM (I.E., LIMITED GOVERNMENT, RESPONSIBILITY) RULE OF LAW, THAT EMPOWER THE U.S. FREE ENTERPRISE AND PERSONAL HISPANIC COMMUNITY TO THRIVE AND CONTRIBUTE TO A MORE PROSPEROUS AMERICA. FORM 990, PART III, LINE 4A WE ALSO ENGAGED IN MEDIA INTERVIEWS, AND ROUNDTABLES) SPEAKING ENGAGEMENTS (SUCH AS PANELS AND CONTINUED PARTICIPATING IN THIRD PARTY EVENTS AND CONFERENCES ACROSS THE COUNTRY. IN ADDITION, FUNDRAISING EFFORTS DURING SUMMER 2014. WE LAUNCHED OUR DIRECT MAIL IN THE FALL OF 2014 WE ENGAGED IN NON-PARTISAN GET OUT THE VOTE EFFORTS TO ENCOURAGE HISPANIC CIVIC ENGAGEMENT . LIBRE EXPANDED ITS FOOTPRINT BY OPENING A NEW OFFICE IN COLORADO AND STARTING OPERATIONS IN NORTH CAROLINA. WE CONTINUED TO DEVELOP A NATIONAL NETWORK OF INFORMED US HISPANIC/LATINO FREEDOM-ORIENTED ACTIVISTS DEDICATED IN ADVANCING POLICIES THAT PROMOTE A FREE SOCIETY. FORM 990, PART VI, SECTION A, LINE 7A IN ADDITION TO THE EXISTING LIBRE INITIATIVE TRUSTEE HAVING THE ABILITY TO ELECT A SUCCESSOR TRUSTEE, ANOTHER TRUSTEE, A SEPARATE LLC HAS THE POWER TO APPOINT SUBJECT TO CERTAIN LIMITATIONS. For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule 0 (Form 990 or sso-EZ) (2014) JSA 4E1227 1 000 2638EM K922 5/13/2016 11150109 AM V 14-7.16 120-0096940-0077672 PAGE 27 Schedule 0 (Form 990 or 990.52) 2014 't ' page 2 Name of the organization Employer identification number THE LIBRE INITIATIVE TRUST FORM 990, PART VI, 45-2686411 SECTION A, LINE 8B THERE ARE NO SUCH COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE FORM 990. A FULL DRAFT OF THE 990 ALONG WITH ALL REQUIRED SCHEDULES IS THEN PROVIDED TO INTERNAL MANAGEMENT AND OUTSIDE LEGAL COUNSEL FOR REVIEW. ARE ADDRESSEDIAND ANY MODIFICATIONS ARE MADE, IF-NECESSARY. ALL QUESTIONS THE FINAL FORM 990 ALONG WITH ALL REQUIRED SCHEDULES IS THEN PROVIDED TO THE TRUSTEE PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE TRUSTEE IS COVERED UNDER THE CONFLICT OF INTEREST POLICY AND IS REQUIRED TO ACKNOWLEDGE THE POLICY IN WRITING. LEGAL COUNSEL MEETS PERIODICALLY TO REVIEW THE POLICY AND ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A AND 15B THE ORGANIZATION ENGAGED A HUMAN RESOURCES CONSULTING ORGANIZATION TO PERFORM A COMPENSATION STUDY. THE CONSULTING ORGANIZATION USED DATA FROM COMPARABLE NON-PROFITS TO ESTABLISH A REASONABLE COMPENSATION LEVEL FOR THE TRUSTEE. IN ADDITION, THE ORGANIZATION DID OBTAIN A PROFESSIONAL OPINION FROM COUNSEL AS TO WHETHER THE PROPOSED COMPENSATION WOULD BE AN EXCESS BENEFIT TRANSACTION AND REFER MATERIAL TO AN INDEPENDENT DECISION MAKER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ALL REQUIRED DISCLOSURES AVAILABLE TO THE PUBLIC JSA Schedule 0 (Form 990 or 990-EZ) 2014 4E1228 1 000 2638EM K922 5/13/2016 11150z09 AM V 14-7.16 120-0096940-0077672 PAGE 28 Schedule 0 (Form 990 or 990-EZ) 2014 Page 2 I Employer identification number Name of the organization THE LIBRE INITIATIVE TRUST 45-2686411 PER IRS REGULATIONS. ATTACHMENT 1 FORM 990. PART IX - OTHER FEES DESCRIPTION ISSUE ADVOCACY (A) (B) (C) TOTAL FEES PROGRAM SERVICE EXP. MANAGEMENT AND GENERAL (D) FUNDRAISING EXPENSES 305,990. 305,990. 0 O 989,121. 989,121. 0 0 WEBSITE 137,566. 96,383. 41,183. DIRECT MAIL 134,175. 0 0 134,175. _PROGRAMVRELATED CONSULTING_ POLLING & _ g > FOCUS GROUPS OTHER PROFESSIONAL FEES TOTALS 7 _ *0 90,207. 90,207. 0 O 14,576. 0 12,557. 2,019. 53,740. 136,194. 1,671,635. JSA 1,481,701. Schedule 0 (Form 990 or 990-EZ) 2014 4E1228 1000 2638EM K922 5/13/2016 11z50z09 AM V 14-7.16 120-0096940-0077672 PAGE 29 (1) TDNA, LLC DE ST INC ARLINGTON, VA 22201 4 5-4 123383 2638EM K922 5/13/2016 11150109 AM V 14-7. 16 PUBLIC EDUCATION . 501(C) (3) 120-0096940-0077672 DE or foreign country) (d) Exempt Code section ' (C) Legal domlc1le (state (b) Primary actMty (a) Name, address, and EIN of related organization 1320 NORTH COURTHOUSE ROAD, JSA 4E1307 1 000 SUPPORT I For Paperwork Reduction Act Notice, see the Instructions for Form 990. (7) (6) (5) (4) (3) (2) 45-2725507 VA 22201 W) 35,000. Total income (9) 7 (if section 501(c)(3)) Public chanty status (1') LIBRE Direct controlling entity (0 X Yes No controlled entity? . Section 512(b)(13) I PAGE 3 O Schedule R (Form 990) 2014 LIBRE INITIATIVE entity Direct controlling (9) 15,224. INITIATIVE End-of-year assets b) 45-2686411 Employer identification number Open to Public Inspection 2014 OMB No 1545-0047 Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had ARLINGTON, (C) Legal dOmlClle (state or foreign country) one or more related tax-exempt organizations during the tax year. (1) THE LIBRE INITIATIVE INSTITUTE, (6) (5) (4) (3) ST ('3) Primary actlvny (M Name, address, and EIN (if applicable) of disregarded entity 1320 NORTH COURTHOUSE ROAD, (2) I D Information about Schedule R (Form 990) and its Instructions is at www.irs.gov/form990. D Attach to Form 990. > Complete If the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37. Related Organizations and Unrelated Partnerships 45-2686411 Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33. THE LIBRE INITIATIVE TRUST Name of the organization Department of the Treasury Internal Revenue Semce SCHEDULE R (Form 990) THE LIBRE INITIATIVE TRUST Legal domictle (state or foreign country) Direct controlling entity Predominant income (related, unrelated, excluded from tax under sections 512-514) income Share of total Share of end-ofyear assets 5/13/2016 11150109 AM V 14-7.16 (It) Primary actiVIty (a) Name, address, and EIN of related organization (d) Direct controlling entity (9) trust) Type of entity (C corp. S corp, or 120-0096940-0077 672 Legal domiale (state or Ioretgn country) (6) line 34 because it had one or more related organizations treated as a corporation or trust during the tax year 2638EM K922 JSA 4E1308 1 000 (7) (5) (5) (5) (3) (2) (1) Primary actMty Yes No - mutton-7 DI Ip ioporiniih amount in box 20 of Schedule K-1 (Form 1065) Code V-UBI Yes No partner? General or managing (I) Yes No enttt 7 Percentage Section ownership 512(b)(13) controlled (h) Percentage ownership (It) Page 2 PAGE 3 1 Schedule R (Form 990) 2014 end-of-year assets income (9) Share of Share of total (0 Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV Name, address, and EIN of related organization m (7) (5) (5) (4) (3) (2) (1) 45- 2686411 Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year. (a) (bl (6) (d) (9) (0 (9) ('1) (i) 0) Schedule R (Form 990) 2014 THE LIBRE INITIATIVE TRUST 45-2686411 Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36. THE LIBRE INITIATIVE TRUST Lease of faCIlltleS, eqUIpment, or other assets from related organization(s) , , , , , , , _ Performance of serVIces or membership or fundraismg SOIICItatIOHS for related organization(s) Performance of serwces or membership or fundraismg solicnations by related organization(s), Sharing of faCIIltleS, equment, mailing lists, or other assets With related organization(s) Sharing of paid employees With related organization(s) U .. %% Mm. t f a N-DO'UG) u-cnz .- .q .iz_Eco CL 2638EM K922 JSA 4E1309 1 000 (6) (5) (4) 5/13/2016 INC. INC. 11;50;09 AM THE LIBRE INITIATIVE INSTITUTE, (2) (E) THE LIBRE INITIATIVE INSTITUTE, (1) V 14-7.l6 120-0096940-0077672 Q 0 FMV FMV . Method of determming amount involved 5 PAGE 32 Schedule R (Form 990) 2014 87,618. 381,652. Amount involved X X 212 l g >< Transaction type (a-s) $25.a at ; Name of related organization (on r Othertransfer of cash or property to related organization(s)I I I I I I I I I . I I I I I I I I 1r 5 Other transfer of cash or property from related organization(s). . 2 If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds (a) (d) (C) (b) ><><><>< e *><'><><><>< Reimbursement paid to related organization(s) for expenses. . . . . . . . . . . q Reimbursement paid by related organization(s) for expenses . . . . . . . . . . 1a ( DiVidends from related organization(s)_ . . . . . , , , , , . , , , , . . . . . . . . , , , _ Sale of assets to related organization(s). . . . . . . . . . . . . . . Purchase of assets from related organization(s)I Exchannge of assets With related organization(s)_ . I I I I I I I . . I I I I I I I I I Lease of faCIlities, eqUIpment, or other assets to related organization(s)_ , Gift, grant, or capital contribution from related organization(s)_ %f if 53%? i Loans or loan guarantees to or for related organization(s) Loans or loan guarantees by related organization(s) Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule 1 During the tax year, did the organization engage in any of the followmg transactions With one or more related organizations listed in Parts ll-lV'? Receipt of(i) interest (ii) annumes, (iii) royalties, or (iv) rent from a controlled entity Gift, grant, or capital contribution to related organization(s) m Schedule R (Form 990) 2014 a; 45-2686411 Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37 THE LIBRE INITIATIVE TRUST Page 4 2638EM K922 JSA 4E13101000 (15) (15) (14) (13) Q2) (11) (10) (9) (3) (7) (5) (5) (4) (3) (2) m 5/13/2016 llt50t09 AM (b) Primary activny (I) Name, address, and EIN of entity V 14-7.16 (9) Yes No section 501 (c)(3) organizations? Are all partners (0 Share of total income 120-0096940-0077 672 (d) Predominant income (related, unrelated, excluded from tax under sections 512-514) (C) Legal domicile (state or foreign country) I (9) Share of end-of-year assets Yes No Disproportionate allocations? ('1) (I) Yes No General or managing partner? ('0 ownership Percentage PAGE 33 Schedule R (Form 990) 2014 (I) Code V - UBI amount in box 20 of Schedule K-1 (Form 1065) Prowde the followmg information for each entity taxed as a partnership through which the organization conducted more than five percent of its actIVIties (measured by total assets or gross revenue) that was not a related organization See instructions regarding exclu5ion for certain investment partnerships N Schedule R (Form 990) 2014 THE LIBRE INITIATIVE TRUST q 45-2686411 a. Page 5 Schedule R (Form 990) 2014 Supplemental Information Complete this part to prowde additional information for responses to questions on Schedule R (see instructions). Schedule R (Form 990) 2014 4E15101000 2638EM K922 5/13/2016 11z50;09 AM V 14-7.16 120-0096940-0077672 PAGE 34