F 990 Return of Organization Exempt From Income Tax orm Under section 501(c). 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) Open to Public D Do not enter social security numbers on this form as It may be made public. Department oi the Treasury Internal Revenue Service D information about Form 990 and its lnstructlona Is at www.lrs.gov/fomr990. A For the 2015 calendar year. or tax year beginning Inspection 07/0 1 , 2015. and ending 06/ 30. 20 1 6 C Name of organization D Employer identification number $5,? THE LIBRE INITIATIVE TRUST Deing business as Mn, wn, Number and street (or PO. box rt mail is not delivered to street address) lnitlalratirn I @ SMVJGIMKSW . ? LIUZ g i Kill/ti 3WEm THE) 3 Chaclriepplnabh SKILL-III" 1310 N COURTHOUSE RD, Irma-d ARLINGTON, VA 22201 33mm F Name and address oipnncipal oiiicer E Telephone number STE 700 (703) 224-3200 GGrossm'PM JOSH FISHER 1310 N COURTHOUSE RD, I 501(c)(3) J Website; > WWW . THELIBREINITIATIVE . COM Form of organization' I Part I Summary I X I 501(c)( 4 I Corporation I XlTrustI ) m (Insert no) I 10,153,469- M(i!) EIEZIggIEIP'Wm'W B Yea I No STE 700 ARLINGTON, VA 22201 Tax-exemptstatusgI 1 Room/sune City or town, state or province, country. and ZIP or foreign postal code I K 45-2686411 I 4947(a)(1)or I H(b) Are ailsubordlnatelkudad'l I527 Yes Ii'No.'attadiaiist (m Insiiucliona) H(c) Group exempikm number F I Association I I Other P I L Year of formation 201 ll M State of legal domicile; DE Briefly describe the organization 5 missmn or most signifcant activmes -S-E-E- .5-C-HIEIDyI-EI9----------------------------- g ....................................................................................... E 2 Check this box D [II II the organization discontinued its operations or disposed of more than 25% of its net assets E53 3 Number of voting members of the governing body (Part VI. line 13) ,,,,,,,,,,,,,,, $37. 4 Number of independent voting members of the governing body (P ItVlJine 1b) I I I ..... @323 5 Total number of indwiduals employed in calendar year 2015 (Part 1. 76- 1.2.7; 6 Total number of volunteers (estimate if necessary) . I I I . I I I . Z< 7a Total unrelated business revenue from Pan VIII. column (C), line1 Isa; .2 l - 1 I 27 8 . 0. b Net unrelated busrness taxable income from Form 990-T. line 34 1 0 . Current Year G 8 Contributions and 9 rants (Part VIII.Iine1h) ........... Egg 1925 9 I325 10 =2) 9;;I6 I 31 1I 502 - U@@ID)DIK rec I. Program servrca revenue (Part Vlll. line 29) IIIIIIIIIII IEIINI IIUT Investment income (Pan Vlll. column (A). lines 3. 4 and 7d) IIIIIIIII 10 I 1 35 I 3 15 - II 0- 0- Iw 1 I 7 94 - 316 - pf 11 Other revenue (Part Vlll. column (A). lines 5. 6d. 8c, 9c. 10c. and 11e)I I I . I I . I I I I I 2- 17 I 338 . '79 12 Total revenue - add lines 3 through 11 (must equal Part VIII. column (A). line 12). . . . . . . 6, 313, 298- lOI 153, 469 0. 13 Grants and similar amounts paid (Part ix. column (A). tines 1-3) IIIIIIIIIIIIIII 0. 14 Benefits paid to or for members (Part IX. column (A). line 4) IIIIIIIIIIIIIIIII 0- 0- iI uI 15 Salaries. other compensation. employee benefits (Part IX, column (A). lines 5-10)I I . I I . I 3 , 57 l , 94 0 . 5, 184 I 72 2 - 3 16a Professional fundraising fees (Part IX. column (A). line 11e)I I . IIIIIIII I I I I I I 0- 0. 17 Otherexpenses (Parth.cqumn (A). lines11a-11d.11i-24e) . I . IIIII I . IIIIII 4I485I934- 4I748I687- 18 Total expenses. Add lines 13-17 (must equal Pan IX. column (A). line 25) IIIIIIIIII 8 I 0 58 I 874 - 9 I 933 I 40 9 - , 19 Revenue less expenses. Subtractline18iromline 12. . . . ..... . . . ...... . . -1I7451 576- E b Total iundraising expenses (Part IX. column (0). line 25) p - --..- -1591 ..6.5.7- ------ 5g 220i 060- Beginning of Currant Year End of Year 1.284.192. 1,632,670. g 21 Total liabilities(PartX,lin926)I . . I I IIIIIIIIIIIIII I I I IIIII . I . . 757,236. 885,654. 2'1 3 22 52 6 I 95 6 - 747 I 01 5 . ..... is 20 TotaiassetsiPanx.nne16) ..... . ....... Net assets or fund balances Subtract line 21 from line 20 .................. & Signature Block Under penalties oi perjury. I declare that I have ex ined this return Including accompanying schedules and statements. and to the best 01 my knowledge and belief. It is two. correct. and complete. Declarayon of prep other than otticer) ts based on all inionnatlon 01 which preparer has any knowled.18 o 5/ 1 5/2 017 /,%xSign T Here gnaEIre oi otiicer Date JOSH FISHER TRUSTEE Type or print name and title Print/Type preparer'a name a signature Paid Date Checkl I ll PTIN WQI MICHAEL J ENGLE MAY 152017 aeiimplww P00482834 Pre arer Usepomy Flrm's name DBKD, Finn's EIN P 4 4 - 0 1 6 0 2 60 LLP Flmi's address M201 WALNUT. SUITE 1700 KANSAS cmr, no 64106-2246 Phone no. 81 6 22 1'6300 May the IRS discuss this return with the preparer shown above? (see instructions) IIIIIIIIIIIIIIIIIIIIIIIII LZLI Ye8 LI No For Paperwork Reduction Act Notice, see the separate Instructions. Form 990 (2015) JSA 5EI010 1 000 2638EM K922 5/11/2017 2=44z42 PM V 15-7.18 120-0096940-0077672 PAGE 2 THE LIBRE INITIATIVE TRUST 45-2686411 I Paez Form 990(2015) Statement of Program Service Accomplishments Check if Schedule 0 contains a response or note to any line in this Part III IIIIIIIIIIIII ........... Briefly describe the organization's missron. OUR MISSION IS TO ADVANCE PRINCIPLES AND VALUES OF A FREE AND OPEN SOCIETY (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 serVices during the year which were not listed on the Prior Form 990 or 990-527 ............................................ UYes INo If "Yes," describe these new serVices on Schedule 0 Did the organization cease conducting. or make Significant changes in how it conducts. any program DYes .No If "Yes." describe these changes on Schedule 0. Describe the organization's program servrce 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 seerceS7 ------------------------------------------------------ 4a (Code; )(Expenses $ 8 342 198 including grants of$ 0 )(Revenue$ LIBRE COORDINATED AND EXECUTED PROGRAMMING EFFORTS TO INFORM AND MOBILIZE THE U.S. HISPANIC POPULATION ON PRINCIPLES THAT ADVANCE A MORE FREE AND OPEN SOCIETY. WE HOSTED COMMUNITY-SERVING EVENTS SUCH AS FINANCIAL LITERACY, HOW TO PASS THE WRITTEN DRIVING TEST, ENGLISH TUTORING SESSIONS, CITIZENSHIP AND CIVICS COURSES, BACK TO SCHOOL EVENTS, ENTREPRENEURIAL WORKSHOPS, VOTER EDUCATION EFFORTS, AND HISPANIC HERITAGE MONTH CELEBRATIONS. WE ALSO HOSTED POLICY FORUMS TO CONNECT OUR COMMUNITIES DIRECTLY WITH KEY POLICY MAKERS AND CONTINUED TO FOSTER PARTNERSHIPS WITH SMALL BUSINESS OWNERS. 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 $ 4e Total program serVice expenses > JSA 5510201000 2638EM K922 )(Revenue $ ) 8 , 84 2 , 198 . Form 990 (2015) 5/15/2017 10256z17 AM V 15-7.18 120-0096940-0077672 PAGE 3 l THE LIBRE INITIATIVE TRUST 45-2686411 Form 990 (2015)' Checklist of Required Schedules Page 3 Yes 1 No Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," X complete Schedule A ................................................... Is the organization reqUired to complete Schedule B, Schedule of Contributors (see instructions)?.......... Did the organization engage in direct or Indirect political campaign actIVIties on behalf of or in opposmon to candidates for public ofhce? If "Yes," complete Schedule C, Part I ........................... Section 501(c)(3) organizations. Did the organization engage in lobbying actiwties, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II ...................... Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part III ........................................................... Did the organization maintain any donor adVIsed funds or any Similar funds or accounts for which donors have the right to provide adVice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I...................................... . ..... Did the organization receive or hold a conservation easement, including easements to preserve open space, the enwronment, historic land areas, or historic structures? If "Yes, " complete Schedule D, Part II .......... Did the organization maintain collections of works of art, historical treasures, or other Similar assets? If "Yes," complete Schedule D, Part III .............................................. 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 pl'OVlde credit counseling, debt management, credit repair, or 10 11 debt negotiation sewices? 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? If "Yes," complete Schedule D, Part V........ If the organization's answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, Vlll, lX, or X as applicable. Did the organization report an amount for land, buildings, and eqmpment in Part X, line 10? If "Yes," complete Schedule D, Part VI .............................................. Did the organization report an amount for investments-other securities in Part X, line 12 that is 5% or more 11a X of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII ................. Did the organization report an amount for investments-program related in Part X, line 13 that is 5% or more 11b X of its total assets reported in Part X, line 16? If "Yes, "complete Schedule D, Part Vlll ................. 11c X 11d X 11e X 11f X 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, PartX Did the organization's separate or consolidated finanCIal statements for the tax year include a footnote that addresses the organization's liability for uncertain tax posmons under FIN 48 (A80 740)? If "Yes," complete Schedule D, Part X ...... 12a Did the organization obtain separate, independent audited finanCial statements for the tax yeai/P If "Yes, " complete Schedule D, Parts XI and XII ............................................... 12a Was the organization included in consolidated, independent audited finanCIal statements for the tax year? If "Yes, " and if the organization answered "No" to line 123, then completing Schedule D, Parts XI and XI! IS optional . 12b 13 Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes, " complete Schedule E ........... 13 14a Did the organization maintain an office, employees, or agents outSide of the United States?............. 14a Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, busmess, investment, and program serwce actiVIties outSide the United States, or aggregate foreign investments valued at $1 00,000 or more? If "Yes," complete Schedule F, Parts land IV ........... 14b 15 X X X X X 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? If "Yes," complete Schedule F, Parts I! and N ...................... 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? If "Yes," complete Schedule F, Parts III and IV ................ 16 X 17 Did the organization report a total of more than $15,000 of expenses for professional fundraismg services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions). . ........... Did the organization report more than $15,000 total of fundraising event gross income and contributions on 17 X 18 Part Vlll, lines 1c and 8a? If "Yes," complete Schedule G, Part II ............................ Did the organization report more than $15,000 of gross income from gaming activities on Part Vlll, line 9a? 18 X 19 19 X If "Yes," complete Schedule G, Part III .......................................... Form 990 (2015) JSA 5E1021 1 000 2638EM K922 5/15/2017 10156217 AM V 15-7.18 120-0096940-0077672 PAGE 4 , Form 990 (2015) THE LIBRE INITIATIVE TRUST 45-2 686411 - Page 4 Checklist of Required Schedulgcontinued) Yes 20a b Did the organization operate one or more hospital facuities? If "Yes, " complete Schedule H,,,,,,,,,,,,, 20a If "Yes" to line 20a, did the organization attach a copy of its audited finanCIal statements to this return? 20b ,,,,, 21 Did the organization report more than $5,000 of grants or other aSSIStance to any domestic organization or 22 domestic government on Part IX, column (A), line 1? If "Yes, "complete Schedule I, Parts I and II .......... Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If "Yes," complete Schedule I, Parts land llI ........................ 23 Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the No X 21 X 22 X organization's current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J ....................................... 24a 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 c 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 d to defease any tax-exempt bonds? ........................................... 246 Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year? ...... 24d 25a b X 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 X year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I .......................................... 25b 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 II .............................. Did the organization prowde 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 III ............... 27 28 X 26 X 27 X Was the organization a party to a busmess transaction With one of the followmg parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions). a b A current or former officer, director, trustee, or key employee? If "Yes, "complete Schedule L, Part IV ....... 28a A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete X Schedule L, Part IV ................................................... 28b X c An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV ......... 286 X 29 30 31 Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M. . . . Did the organization receive contributions of art, historical treasures, or other Similar assets, or qualified 29 X conservation contributions? If "Yes, "complete Schedule M .............................. 30 X Did the organization liqUIdate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Partl ....................................... . ................... 31 X 32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II .............................................. 32 X 33 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 X 34 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 X 35a Did the organization have a controlled entity within the meaning of section 512(b)(13)? .............. 35a X 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 X b 36 Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable 37 Did the organization conduct more than 5% of its actiwties 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, related organization? If "Yes," complete Schedule R, Part V, line 2 .......................... 36 PartVI ................................. 37 38 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 reqUired to complete Schedule 0. X 38 X Form 990 (2015) JSA 5510301000 2638EM K922 5/15/2017 10z56il7 AM V 15-7.18 120-0096940-0077672 PAGE 5 , THE LIBRE INITIATIVE TRUST 45-2686411 Form 990 (2015) I 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 13 Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable .......... 1a 90 b Enter the number of Forms W-ZG included in line 13. Enter -0- if not applicable ......... 1b 0- c Did the organization comply With backup Withholding No 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 I 1C ff Statements, filed for the calendar year ending With or within the year covered by this return I 23 L 76 g T b If at least one is reported on line 2a, did the organization file all reqUired federal employment tax returns? 2b X 5 X Note. If the sum of lines 1a and 2a is greater than 250, you may be reqUIred to e-file (see instructions) ....... 4g . 3a Did the organization have unrelated busmess 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 ........ 4a At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a finanCiaI account in a foreign country (such as a bank account, securities account, or other finanCial 3b account)? ......................................................... b If "Yes," enter the name of the foreign country; P 5a b c 6a 7 2 I X <43 *5, See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts %, (FBAR) % Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ......... Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? If "Yes" to line 5a or 5b, did the organization file Form 8886-T?............................. Does the organization have annual gross receipts that are normally greater than $100, 000, and did the 5a 51> 55 organization what any contributions that were not tax deductible as charitable contributions? ....... . . b If "Yes," did the organization include With every solicnation an express statement that such contributionsor 53 X gifts were not tax deductible?............................................... 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 ; 4 1.1% and serVices provided to the payor? ........................................... b If "Yes," did the organization notify the donor of the value of the goods or serVices prowded? ............ c Did the organization sell, exchange, or otheMise dispose of tangible personal property for which it was reqUired to file Form 8282? ............................................... 7c d If "Yes," indicate the number of Forms 8282 filed during the year ................ L.. A 6X3 $3, sang e Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? 79 8 f Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..... 7f 9 If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? L h It the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-0? Sponsoring organizations maintaining donor advised funds. Did a donor adVIsed fund maintained by the 7h 1'? Q sponsoring organization have excess busmess holdings at any time during the year? ................. 9 10 Sponsoring organizations maintaining donor advised funds. a Did the sponsoring organization make any taxable distributions under section 4966?................. b Did the sponsoring organization make a distribution to a donor, donor adVisor, or related person?........... 3 1% I M If 93 9b Section 501(c)(7) organizations. Enter. a Initiation fees and capital contributions included on Part Vlll, line 12 .............. 103 b Gross receipts, included on Form 990, Part Vlll, line 12, for public use of club faCilities..... 10b 11 Section 501(c)(12) organizations. Enter; 3 Gross income from members or shareholders ........................... 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? 13 b If "Yes," enter the amount of tax-exempt interest received or accrued during the year...... Section 501(c)(29) qualified nonprofit health insurance issuers. I- II- III 123 12b a Is the organization licensed to issue qualified health plans in more than one state? .................. 13a Note. See the instructions for additional information the organization must report on Schedule 0. b Enter the amount of reserves the organization is requued to maintain by the states in which the organization is licensed to issue qualified health plans .................... 1313 c Enter the amount of reserves on hand ............................... 136 143 Did the organization receive any payments for indoor tanning serVices during the tax year? ............. 14a X b If "YesL" has it filed a Form 720 to report these payments? If "No, "provide an explanation In Schedule 0 ...... 14b Form 990 (2015) 2130401000 2638EM K922 5/15/2017 10z56zl7 AM V 15-7.l8 120-0096940-0077672 PAGE 6 Form 990 (2015) Part VI , THE LIBRE INITIATIVE TRUST 45-2686411 Page6 - Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to line 8a, 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. Governing Body and MarEgement Yes 1a Enter the number of voting members of the governing body at the end of the tax year ..... 13 No g? i 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 ,; y Enter the number of voting members included in line 1a, above, who are independent ..... 1b 1 if, Did any officer, director, trustee, or key employee have a family relationship or a busmess relationship With *' ,2; "w any other officer, director, trustee, or key employee? ................................ 2 X 4 Did the organization delegate control over management duties customarily performed by or under the direct supervi5ion of officers, directors, or trustees, or key employees to a management company or other person? . Did the organization make any Significant changes to its governing documents Since the prior Form 990 was filed? ...... 3 4 X X 5 6 Did the organization become aware during the year of 3 Significant diver5ion of the organization's assets?. . . . Did the organization have members or stockholders? ................................ 5 6 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 deCI3ions of the organization reserved to (or subject to approval by) members, 7a 2 3 b 3 X stockholders, or persons other than the governing body? .............................. 8 Did the organization contemporaneously document the meetings held or written actions undertaken during 9 the year by the followmg The governing body? .................................................. Each committee With authority to act on behalf of the governing body? ...................... Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at a b the Eganization's mailingiddress? If "Yestrowde the names and addresses in Schedule 0 ........... 9 X Section B. Policies (This Section B rgwests information about policies not regired by the Internal Revenue CodeL Yes 10a Did the organization have local chapters, branches, or affiliates? .......................... 103 If "Yes," did the organization have written pOIICIes and procedures governing the actIVIties of such chapters, affiliates, and branches to ensure their operations are conSistent With the organization's exempt purposes? . . . 10b 11a Has the organization prowded a complete copy of this Form 990 to all members of its governing body before filing the form? . 11a b 12a b Describe in Schedule 0 the process, if any, used by the organization to reVIew this Form 990. Did the organization have a written conflict of interest policy? If "No, " go to line 13 ................ Were officers, directors, or trustees, and key employees reqUIred to disclose annually interests that could give If? 123 X rise to conflicts? .................................................... 12b X describe in Schedule 0 how this was done ...................................... Did the organization have a written whistleblower policy? .............................. 120 13 X X 14 Did the organization have a written document retention and destruction policy? .................. 15 Did the process for determining compensation of the followmg persons include a reView and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and de0ision? The organization's CEO, Executive Director, or top management offiaal ...................... b c 13 a X . ' gig 14 X it? % 15a 5,; t ,a X a? 15b X If "Yes" to line 15a or 15b, describe the process in Schedule 0 (see instructions) b X Did the organization regularly and conSistently monitor and enforce compliance With the policy? If "Yes," b Other officers or key employees of the organization ................................. 16a No g Did the organization invest in, contribute assets to, or partimpate 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 requmng the organization to evaluate its participation in mint venture arrangements under applicable federal tax law, and take steps to safeguard the organization's exempt status With respect to such arrangements? ......................... 16b X II. Section C. Disclosure 17 List the states With which a copy of this Form 990 is reqUired to be filed > 18 Section 6104 requires an organization to make its Forms 1023 (or 1024 if applicable), 990, and 990sT (Section 501 (c)(3)s only) available for public ins ection. Indicate how you made these available Check all that apply. El Own websne Another's website Upon request [3 Other (explain in Schedule 0) 19 Describe in Schedule 0 whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial 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 recordsz> JOSH FISHER 1310 N COURTHOUSE RD, STE 700 ARLINGTON, VA 22201 703-224-3200 JSA Form 990 (2015) 5E1042 1 000 2638EM K922 5/15/2017 10;56;l7 AM V 15-7.18 120-0096940-0077672 PAGE 7 Form990(2015) , THE LIBRE INITIATIVE TRUST 45-2686411 Page7 Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors Check if Schedule 0 contains a response or note to any line in this Part VII ...................... El 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 five 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 trustees or directors, institutional trustees; officers, key employees; highest compensated employees, and former such persons [1 Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee (A) Name and Title (BI Average (C) POS'IIO" (d0 "01 Check more than one hours per bOX. unless person IS both an week (list any officer and a directorltmstee) hours for o 5 5 o x n, I T, related ;; g g g 3 an; 3 organizations 3 5- g below dotted . 3 LI .2 3 E 5 8 '0 line) 5'; S 2 ,3; If 9. g '8 a 92 (D) Reportable (E) Reportable (F) Estimated compensation from the compensation from related organizations amount of other compensation organization (W-2I1099-MISC) (W-2/1099-MISC) from the organization an rea e organizations D. -105191EENNEB11--1-1-11--1--11---1-LLELEEL TRUSTEE 0. X 0. O. 0. OCT x o. o. 0. X 193,755. 0. 14,420. X 218,119. 0. 29,562. X 133,182. 0. 24,856. X 113,462. 0. 3,847. X 113,322. 0. 5,403. X 112,977. 0. 5,831. X 106,539. 0. 0. -IDPEEETIEIEEBBEIE--1---1--11--11--LIP;99 TRUSTEE -IQENPEEIE-96%IIEEQ---1-4-----1-----9];EEE CHIEF EXECUTIVE OFFICER 3.00 LQQPAEEEE-EEBEEL--1---L---1---1--1--9];EEU EXECUTIVE DIRECTOR 3.00 -IQJQBEE-EIEEI---11--1---1---1---1 15];EEU VP OPERATIONS & POLICY 3.00 -1095555-55995968I--11--11-11--11- -?Z;EEL COMMUNICATIONS DIRECTOR 3.00 -IDEYETTE-EEBEEEEEEIL---1-----11-- 1-3535U NATIONAL DIRECTOR 37.00 -IQMBBEQLEEQYIEEE--11--1---1--11-- 193;99 NATIONAL FIELD DIRECTOR I 3.00 -19959521169IEEEEQEEEI-LL---L--L-- LEU;EEL SENIOR DIGITAL DIRECTOR I 3.00 11.0)............................... I ....... 11.0............................... I....... 11.2)............................... I ....... 11.10............................... I ....... 114)...................................... JSA 551041 1 000 Form 990 (2015) 2638EM K922 5/15/2017 10;56;17 AM V 15-7.18 120-0096940-0077672 PAGE 8 45-2686411 THE LIBRE INITIATIVE TRUST Form 990 (2015) - Page 8 Section A. Officers, Directors, Trustees, Ke Employees, and Highest Compensated EmploLeesjcontinued) (A) (B) (C) (D) (E) (F) Name and title Average Posmon Reportable Reportable Estimated hours per (do not check more than one compensation compensation from amount of week (1.51 any hows f0, box, unless person is both an officer and a director/trustee) from the related organizations other compensation organization (W-2/1099-MISC) related a 3 g g g g; g organizations below dotted E a g g a 5 line) 91 Z a e 8 a g 13. E 8 m 3 3 .2 m 0 I m 3 a 9'. 8 m R a e. 3 m " "0 Sub-total ...................................... F from the (W-2/1099-MISC) Organization and related organizations 991'356- c Total from continuation sheets to Part VII, Section A ............. P 0991,356. dTotal (add lines 1band1c) ............................ b 2 Total number of indiVIduals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization P 9 0' 831919- 00. 083,919. Yes 3 4 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 indiViduaI .......................... . No XX 23 '1 3 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 g indiViduaI ........................................................... 4 Did any person listed on line 1a receive or accrue compensation from any unrelated organization or indiVidual for serVices rendered to the organization? If "Yes,"complete Schedule J for such person ................ Section B. Independent Contractors 5 I X X X 5 1 J X 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 yeah (A) (B) (C) Name and busmess address Description of serv1ces Compensation ATTACHMENT 1 2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 in compensation from the organization b 4 JSA 5E1055 1 000 Form 990 (2015) 2638EM K922 5/15/2017 10z56117 AM V 15-7.18 120-0096940-0077672 PAGE 9 Part Vlll 45-2 686411 THE LIBRE INITIATIVE TRUST Form 990 (2015) Statement of Revenue Check it Schedule 0 contains a response or note to any line in this Part VIII. . . . . . (A) (B) Total revenue Related or exempt function revenue E? 1a [5% b Federated campaigns . . . . . . . . Membership dues ......... . 1a 1b 55.1"?5.? c d Fundraismg events . . . . . . . . . Related organizations ...... . . 16 1d 3.. 2% e Government grants (contributions) . . 1e "5* All f g; (C) (D) Unrelated busuness revenue Revenue excluded from tax under sections 512-514 g I E l f E other contributions, gifts, grants, H; $235; 10,135,815 1f . and Similaramountsnotincludedabove 2% Page 9 ,3 , I 9 51% h . . > a Code E 9 t W included in lines 1a-1f S Noncash contributions TotaI.AddIines1a-1f . ..... . . . . . . . . 10,135,815 " z @ .. *' 1 * i 2a 2 8 bc Ir"; d 3' f E g Total.Addline52a-2f........... ..... ..> 3 All other program serVice revenue . . . . . Investment income (including diVidends, interest, 316 4 Income from investment of tax-exempt bond proceeds . > 0 5 Royalties.......... ..... . 316 .....> (i) Real (ii) Personal Gross rents ..... . . . b Less rental expenses . . . c Rental income or (loss) d 7a 112% e $333?! 0 andothersimilaramounts). . . . . . . . . . . . . . . . > 6a . - E . . Net rental income or (loss). . . ..... . Gross amount from sales of (I) Secuntles . . . . P (II) Other assets other than inventory b Less cost or other bass and sales expenses . . . . c Gainor(loss) . . . . . . . dNetgainor(loss)....................> 3 , Ba Gross income from fundraismg g events (not including$ of contributions reported on line 1c) xi *1? a b b 0 Net income or (loss) from fundraismg events. . ..... P 9a b c 10a Gross income from gaming activmes SeeParth,line19 , . ..... , . . . sales of inventory, @331? i gig ' * g . 3 , * f , 6 1*in h '1 f i E" if 5, g 0 L... . P .1 0 a Less costofgoodssold . . . . . . . . . b Net income or(loss) from sales of inventory. . , , , , , , p Business Code Miscellaneous Revenue 113 g S" less returns and allowances . . . . . . . . . b c M W a Less direct expenses . ..... . . . . b Net income or (loss) from gaming activities. . . Gross XX V ' SeeParth,line18........... Lessdirectexpenses.......... & ifii (M 04 f 3 g 3 g . XX -2 0. I, LA..-L * y-# I- -1 I y-- "7 #7 *EW* #g 17,338 17,338 900099 PCARD REWARD - b c d Allotherrevenue............. e Total.Addlines11a-11d ......... 12 .....> 17,333 I . b 10,153,469 17.654 Form 990(2015) Total revenue. See instmctions . . . . . ..... . JSA 5E1051 1 000 2638EM K922 5/15/2017 10156 117 AM V 15-7.18 120-0096940-0077 672 PAGE 10 Form 990 (2015) Part IX , THE LIBRE INITIATIVE TRUST 45-2686411 Page10 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 ,,,,,,,,,,,,,,,,,,,,,,,, LI Do "at inCIUde amounts reported on lines Gbi 7b' Total ggenses 8b, 9b, and 10b Of Part VIII1 Progra(nB1)serv1ce Managt(a(r=n)ent and Fungtrgsmg expenses general expenses expenses Grants and other aSSIstance to domestic organizations and domestic governments See Part IV, line 21 . . . . 2 Grants 3 Grants and other aSSISIance to O - domestic indiVIduals See Part IV, line 22 ......... and other assistance to 0- foreign organizations, foreign governments, and foreign indiVIduals See Part IV, lines 15 and 16 ..... O. 4 Benefits paid to or for members ......... O . 5 Compensation of current officers, directors, trustees,andkeyemployees ,,,,,,,,,, 6 629, 750- 314,875. 314r875- 3,588,659. 74,946. Compensation not included above, to disqualmed persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ...... 0 . 7 Othersalariesandwages ............ 3,685,713. 8 22,108. Pen5ion plan accruals and contributions (include section 401(k) and 403(b)employercontributions) 37 r 380 - 36, 205 . 984 . 1 91 . 9 Otheremployeebenefits ............ 509/976- 304/662- 202/701- 2,613. 10 Payrolltaxes .................. 321i 903- 291,026. 29,228. 1,649. 11 Fees for sen/ices (non-employees) a Management ................. bLegal ..................... O' 65'474- 221261- 43'213- 6 Accounting .................. 0- d Lobbying ................... 0- e Professmnal fundraismg serVIces See Part IV, line 17. O - f Investment management fees O. 9 Other (If line 119 amount exceeds 10% of line 25, column (A)amount.lislline11getpensesonScheduleO)AIgH .2. 2' 142'234' Advertismg and promotion ,,,,,,,,,,, O - 13 Officeexpenses ................ 215i 347- 172,552- 42,508. 70i000- 60/039- 9! 96l- 12 14 Information technology ............. 2'057'202' 85'032' 287- 15 Royalties .................... O- 16 Occupancy .................. 342r67l- 257,003. 85'668- 17 Travel IIIIIIIIIIIIIIIIIIIII 896,240. 833,695. 31,835. 30,710. 18 Payments of travel or entertainment expenses for any federal, state, or local public officials 0- 19 Conferences, conventions, and meetings , , , , 164r 235- 162! 363- 805 - 1r 067 - 20 interest .................... 0- 21 Payments to affiliates .............. 0 - 22 DepreCiation, depletion, and amortization , , . . 8 9, 137 - 23 Insurance 20,653. 18,480. 2,173. 24 Other 628, 443. 78,243. 628, 443. 59,834. 18,409. expenses ltemize expenses not 8 9r 137 - covered above (List miscellaneous expenses in line 24e lt line 24e amount exceeds 10% of line 25. column (A) amount, list line 24e expenses on Schedule 0) anU-BngI-C-EDQQAILQH ggggggggggggg bILIgCgENSEgggEBQgESSINQgEEI-lsggggg c; ........................... d... ........................... eAllotherexpenses ................. 36/010- 34/899- 1r 111- 25 Total functional expenses Add lines 1 through 24e 26 Joint costs. Complete this line only if the 9,933,409. 8,842,198. 947,554. 143, 657. organization reported in column (B) jaint costs from a combined educational campai n and fundrarsrng solicitation Check here p if following SOP 98-2 (ASC 958-720) ,,,,,,, 0, JSA 5510521 000 2638EM K922 Form 990 (2015) 5/15/2017 10256117 AM V 15-7.18 120-0096940-0077672 PAGE 11 45-2686411 THE LIBRE INITIATIVE TRUST Form 990 (2015) 3 Page 11 Balance Sheet Check if Schedule 0 contains a response or note to any line in this Part X ..................... l T 1 2 3 4 Cash - non-interest-bearing IIIIIIIIIIIIIIIIIIIIIIIIIII Savings and temporary cash investments .................... Pledges and grants receivable, net IIIIIIIIIIIIIIIIIIIIIII Accounts receivable, net IIIIIIIIIIIIIIIIIIIIIIIIIIII 5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. (3) End of year 128 , 38 2. 699, 58 5. 0. 206, 18 2. 1 2 3 4 198 , 945. 42 9, 812. 0. 77 3, O7 6. Complete Part II of Schedule L ......................... O. 5 0. 6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficrary organizations (see instructions) Complete Part II of Schedule L ............ 0 - 6 0 - 7 Notes and loans receivable, net ......................... O. 7 O. m 8 (A) Beginning of year 2 8 inventories for saie or use ............................ 9 Prepaid expenses and deferred charges ,,,,,,,,,,,,,,,,,,,, 10a Land, bUildings, and equ1pment cost or other basis. Complete Part VI of Schedule D b LeSS' accumulated depreCIation .......... 10a 10b 2 90, 604 . 206, 403. 0- 8 61 , 58 3 . 9 168,249. 10c 011 8 , 7 35. 84,201. 11 Investments - publicly traded securities ,,,,,,,,,,,,,,,,,,,, 0 . 11 0- 12 Investments - other securities. See Part IV, line 11 ............... 0 . 12 0. 13 Investments - program-related See Part IV, line 11 .............. 0 . 13 O. 14 Intangible assets ................................. 0- 14 0- 15 16 17 Otherassets SeeParth, line11 ,,,,,,,,,,,,,,,,,,,,,,,, Total assets. Add lines 1 through 15 (must equal line 34) .......... Accounts payable and accrued expenses .................... 20,211. 15 l , 284 , 192 16 757 , 23 6. 17 27,901. l , 632, 670. 885 , 654 . 18 Grants payable .................................. 0- 18 0- 19 Deferred revenue ................................ 0- 19 0- 2o Tax-exempt bond irabrimes ........................... 0- 20 0- 21 Escrow or custodial account liability. Complete Part IV of Schedule D . . . 0 . 21 0 g 22 E Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and 33 disqualified persons. Complete Part II of Schedule L .............. O . 22 0. " 23 24 Secured mortgages and notes payable to unrelated third parties ....... Unsecured notes and loans payable to unrelated third parties ......... 0. 23 O . 24 0. 0. 25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D .................................. 0- 25 0- 26 Total liabilities. Add lines 17 through 25 ,,,,,,,,,,,,,,,,,,,, 757 , 23 6 . 26 885, 654. 8 Organizations that follow SFAS 117 (ASC 958), check here > complete lines 27 through 29, and lines 33 and 34. E 27 g 28 Unrestricted net assets IIIIIIIIIIIIIIIIIIIIIIIIIIIII Temporarily restricted net assets ........................ 52 6 , 95 6 . 27 0. 28 7 4 7 , 01 6. 0. 'g 29 Permanently restricted net assets ,,,,,,,,,,,,,,,,,,,,,,,, 0. 29 0. LE 3 Organizations that do not follow SFAS 117 (ASC 958), check here complete lines 30 through 34. .3 5; E 2 > w and El and 30 31 32 33 Capital stock or trust principal, 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 ........................ 34 Total liabilities and net assets/fund balances ,,,,,,,,,,,,,,,,,, 30 31 32 526, 956. 33 1 , 284 , l 92 . 34 747, 016. 1 , 632 , 670. Form 990 (2015) JSA 5E1053 1 000 2638EM K922 5/15/2017 10156117 AM V 15-7.18 120-0096940-0077672 PAGE 12 THE LIBRE INITIATIVE TRUST 45-2686411 Page 1 2 ................... E] 10, 153,469. Total expenses (must equal Part IX, column (A), Me 25) ....................... 9, 933, 409. 220, 060. Revenue less expenses Subtract km 2 from line 1 .......................... 526, 956. Net assets or fund balances at begInnIng of year (must equal Part X, km 33, column (A)) ..... O. Net unrealIzed gaIns (losses) on Investments IIIIIIIIIIIIIIIIIIIIIIIIIIIII Donated serVIces and use of faCIIItIes ................................. InveStment expenses .......................................... Prior period adIUStmentS ........................................ Other changes In net assets or fund balances (explain In Schedule 0) ................ OOOO Total revenue (must equal Part VIII, column (A), km 12) ....................... (DONOUI-th-l OOGNOUI#UN-i .l Form 990 (2015) ' Part XI Reconciliation of Net Assets Check if Schedule 0 contains a response or note to any line in thIs Part XI Net assets or fund balances at end of year CombIne lines 3 through 9 (must equal Part X, IIne 747,016. 33, column (B)) ............................................. 10 Part XII Financial Statements and Reporting Check If Schedule 0 contains a response or note to any line in this Part XII ................... III Yes Accounting method used to prepare the Form 990; E! Cash Accrual No C] Other If the organization changed Its method of accountIng from a prior year or checked "Other," epraIn In Schedule 0. 23 Were the organizatIon's fInanCIal statements complied or reviewed by an Independent accountant? ...... If "Yes," check a box below to IndIcate whether the fInanCIal statements for the year were compIIed or 2a reVIewed on a separate basis, consoIIdated baSlS, or both; E) Separate baSIs E] ConsolIdated baSIS E] Both consoIIdated and separate baSIs Were the organIzatIon's finanCIaI statements audIted by an independent accountant? .............. If "Yes," check a box below to IndIcate whether the fInancial statements for the year were audIted on a separate baSIs, consoIIdated baSlS, or both E] Separate baSlS [3 Consolidated basis 2b E] Both consoIIdated and separate basIs If "Yes" to Me 2a or 2b, does the organization have a commIttee that assumes responsIbIlIty for overSIght of the audIt, reVIew, or comleation of Its fInanCIaI statements and selection of an Independent accountant? If the organIzatIon changed eIther Its overSIght process or selectIon process durIng the tax year, epraIn In 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? ................................... 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 2c 3a 3b Form 990 (2015) JSA 5E1054 1 000 2638EM K922 5/15/2017 10256217 AM V 15-7.18 120-0096940-0077672 PAGE 13 (sFiliEIDEQIIJE)D Supplemental Financial Statements ' > Complete if the organization answered "Yes" on Form 990, Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b. P Attach to Form 990. Department of the Treasury Internal Revenue SerVIce Open to Public D Information about Schedule D (Form 990) and its instructions is at www.irs.gov/fonn990. Name of the organization Inspection Employer Identification num ber THE LIBRE INITIATIVE TRUST 45-2686411 Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete If the organization answered "Yes" on Form 990, Part IV, IIne 6. (a) Donor advised funds 1 2 Total number at end of year ........... Aggregate value of contrIbutIons to (durIng year) (b) Funds and other accounts 3 Aggregate value of grants from (durIng year) . . 4 Aggregate value at end of year .......... 5 Did the organIzatIon Inform all donors and donor adVIsors In ertIng that the assets held In donor adVIsed funds are the organIzatIon's property, subject to the organIzatIon's excluswe legal control? ........... DId the organizatIon Inform all grantees, donors, and donor adVIsors in ertIng 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 confernngq impermISSIble private benefIt? ...................................... 6 Yes D N0 Yes D No Conservation Easements. Complete if the organization answered "Yes" on 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 pubIIc use (e g , recreatIon or educatIon) ProtectIon of natural habItat PreservatIon of open space 2 PreservatIon of a hIstorIcally Important land area PreservatIon of a certIfied hIstorIc structure Complete lInes 2a through 2d If the organIzation held a qualIerd conservatIon contrIbution In the form of a conservatIon easement on the last day of the tax year. i? He'd 3' the End Of the Tax Year a Total number of conservatIon easements ........................... Za b Total acreage restricted by conservation easements ..................... 2b c (I Number of conservation easements on a certIerd hIstorIc structure Included In (a) ..... Number of conservation easements Included In (c) achIred after 8/17/06, and not on a 26 hIstorIc structure IIsted In the NatIonaI Register ........................ 2d 3 Number of conservatIon easements modIerd, transferred, released, extingwshed, or terminated by the organIzatIon durIng the tax year P 4 5 Number of states where property subject to conservation easement Is located D Does the organIzatIon have a when polIcy regardIng the perIodIc monItorIng, InspectIon, handIIng of VIolatIons, and enforcement of the conservatIon easements It holds? ...................... 6 Staff and volunteer hours devoted to monItorIng. Inspecting, handIIng of VIoIations, and enforcmg conservatIon easements durIng the year 7 > * Amount of expenses Incurred In monItorIng, inspectIng, handlIng of VIoIatIons, and enforcmg conservatIon easements durIng the year 8 P$ a Does each conservatIon easement reported on Me 2(d) above satIsfythe reqUIrements of section 170(h)(4)(B)(i) D Yes E] No and secnon170(h)(4)(B)(u)7 ............................................. Cl Yes D No 9 In Part XIII, descrIbe how the organizatIon reports conservatIon easements in Its revenue and expense statement, and balance sheet, and include, If appIIcable, the text of the footnote to the organizatIon's fInanCIaI 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" on Form 990, Part IV, me 8. 13 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, hIstorIcaI treasures, or other SImIIar assets eld for publIc eth ition, educatIon, or research in furtherance of public serVIce, prowde, In Part XIII, 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 ethbItIon, educatIon, or research In furtherance of publIc serVIce, provide the followmg amounts relatIng to these Items (i) Revenue included In Form 990, Part VIII, Me 1 .............................. (ii) Assets Included In Form 990, Part X .................................... 2 a b > 5 > $* If the organIzatIon recered or held works of art, hIstorIcaI treasures, or other SImIIar assets for fInanCIaI gaIn, provide the followmg amounts required to be reported under SFAS 116 (ASC 958) relating to these Items; Revenue Included In Form 990, Part VIII, km 1 ................................ b $ Assets included In Form 990, Part X ...................................... b $ For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule 0 (Form 990) 2015 JSA 5E12681000 2638EM K922 5/15/2017 10256217 AM V 15-7.18 120-0096940-0077672 PAGE 19 . THE LIBRE INITIATIVE TRUST 45-2686411 Schedule D (Form 990) 2015 Page 2 Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued) 3 Usmg the organization's achISItIon, accession, and other records, check any of the followmg that are a Significant use of Its a b c 4 collection Items (check all that apply); Public exhibition d E Loan or exchange programs Scholarly research e Other Preservation for future generations Provide 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 what or receive donations of art, historical treasures, or other Similar assets to be sold to raise funds rather than to be maintained as part of the organization's collection? ,,,,,, D Yes D No Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21. 1a b Is the organization an agent, trustee, custodian or other Intermediary for contributions or other assets not If "Yes," explain the arrangement in Part XIII andcomplete the followmg table Amount c d e f 2a b Beginning balance .................................. 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? U Yes -I No If "Yes," explain the arrangement in Part XIII Check here if the explanation has been provided on Part XIII ,,,,,,,,,, Endowment Funds. Complete if the organization answered "Yes" on Form 990, Part IV, line 10. (a) Current year (b) Prior year (6) Two years back (d) Three years back (e) Four years back 1a Beginning of year balance . . . . b Contributions ........... c Net investment earnings, gains, and losses ............. d Grants or scholarships ...... e Other expenditures for faCIIItIes and programs ........... f Administrative expenses ..... 9 End of year balance ........ 2 Provide the estimated percentage of the current year end balance (line 19, column (a)) held as a Board deSIgnated or quaSI-endowment p % b Permanent endowment b % c Temporarily restricted endowment b % The percentages on lines 2a, 2b, and 2c should equal 100%. 33 Are there endowment funds not In the posseSSIon of the organization that are held and administered for the organization by' (i) unrelated organizations ............................................... (ii) related organizations ................................................ b 4 If "Yes" on line 3a(Ii), are the related organizations listed as reqwred on Schedule R? ................ Describe In Part XIII the intended uses of the organization's endowment funds Part VI 3b Land, Buildings, and Equipment. Compl ete if e organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, PartX, line 10. Description of property (3) Cost or other ba5is (investment) (b) Cost or other baSIS (other) (c) Accumulated depreciation (d) Book value 13 Land ..................... b BUIldIngs .................. c Leasehold Improvements .......... d EqUIpment ................. 290,604. 206,403. 84,201. 9 Other .................... Total Add lines 1a through 1e (Column (d) must equal Form 990 PartX column (8) line 100.) ,,,,,,, > 84 , 201 . Schedule D (Form 990) 2015 JSA 5E1269 1 000 263BEM K922 5/15/2017 10256117 AM V 15-7.18 120e0096940-0077672 PAGE 20 . THE LIBRE INITIATIVE TRUST 45-2686411 Schedule D (Form 990) 2015 Page 3 Investments - Other Securities. Complete If the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12. (a) Description of security or category (b) Book value (including name of security) (c) Method of valuation Cost or end-of-year market value (1) FinanCIal derivatives ,,,,,,,,,,,,,,,,, (2) Closely-held eqUIty interests ,,,,,,,,,,,,, (3) Other gggggggggggggggggggggggggggggg - - 1A.)................................. - -13.)................................. - -19)................................. - -19)................................. - -15.)................................. - - 1F.)................................. - -19)................................. - -91)................................. Total. (Column (b) must equal Form 990, Part X, col (B) line 12 ) ) Part VIII Investments - Program Related. Complete If the organization answered "Yes" on 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 (1) L2) (3) (4) (5) (6) (7) (3) (9) Total. (Column (b) must equal Form 990, PartX, col (B) line 13) ) Part IX Other Assets. Complete If the organization answered "Yes" on 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, PartX, col. (B) line 15) .......................... > Other Liabilities. Complete if the organization answered "Yes" on Form 990, Part IV, line He or 11f. See Form 990, Part X, line 25. of Book value 1 Federal income taxes 2 3 4 5 6 8 9 Total. must Form 990, PartX, col line 25 P 2. Liability for uncertain tax positions In Part XIII. prowde the text of the footnote to the organization's finanCIaI statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740) Check here If the text of the footnote has been prowded in Part XIII Schedule D (Form 990) 2015 11551270 1 000 2638EM K922 E] 5/15/2017 10i56117 AM V 15-7.18 120-0096940-0077672 PAGE 21 - . THE LIBRE INITIATIVE TRUST 45-2686411 Schedule D (Form 990) 2915 Page 4 Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered "Yes" on Form 990, Part IV, line 12a. 1 Total revenue, gains, and other support per audited nnanCIal statements ................. 2 Amounts Included on line 1 but not on Form 990, Part Vlll, line 12; a Net unrealized gains (losses) on investments .................. 23 b Donated serwces and use of faCIIIties ...................... 2b c 26 Recoveries of prior year grants .......................... d Other (Describe In Part XIII.) ........................... N e Add lines 2a through 2d ........................................... 3 Subtract line 2e from line 1 ......................................... 4 a Amounts included on Form 990, Part Vlll, line 12, but not on line 1. Investment expenses not Included on Form 990, Part Vlll, line 7b ....... 5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12 ) .............. Part XII 1 Total expenses and losses per audited finanCIal statements ........................ Amounts Included on line 1 but not on Form 990, Part IX, line 25. Donated serwces and use of faculties ..................... . b c d e 3 4 a 5 Amounts Included on Form 990, Part IX, line 25, but not on line 1 Investment expenses not included on Form 990, Part VIII, line 7b ....... 2e 3 4a b Other (Describe In Part XIII ) ........................... 4b c Add lines 4a and 4b ............................................. Total expenses. Add lines 3 and 4c. (Thls must eqLailForm 990, Part I, line 18.) 1 23 Prior year adjustments .............................. 2b Other losses .................................... 20 Other (Describe In Part XIII.) ........................... 2d Add lines 2a through 2d ............................. . . . ........... Subtract line 2e from line 1 ...... . .................... . . . ........... Part XIII 4c Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered "Yes" on Form 990, Part IV, line 12a. 2 a 2e 3 4a b Other (Describe In Part XIII ) ........................... 4b c Add lines 4a and 4b ............................................. 5 1 ............. 4c 5 Supplemental Information. PrOVIde the descriptions reqUIred for Part II, lines 3, 5, and 9; Part III, lines 1a and 4, Part IV, lines 1b and 2b; Part V, line 4, Part X, line 2, Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b Also complete this part to prOVIde any additional Information JSA Schedule D (Form 990) 2015 5E1271 1 000 2638EM K922 5/15/2017 10156217 AM V 15-7.18 120-0096940-0077672 PAGE 22 ScheduleD (Form 990) 2015. THE LIBRE INITIATIVE TRUST 45-2 68 6411 Page 5 . Supplemental Information (continued) Schedule D (Form 990) 2015 JSA 5E1226 1 000 2638EM K922 5/15/2017 10z56zl7 AM V 15-7.18 120-0096940-0077672 PAGE 23 SCHEDULE .l' (Form 990) Department ofthe Treasury Internal Revenue SerVIce Compensation Information For certain Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees F Complete if the organization answered "Yes" on Form 990, Part N, line 23. Open to Public Inspection > Attach to Form 990. D Information about Schedule J (Form 990) and its instructions is at www.irs.gov/fonn990. Employer identification number Name of the organization 45-2686411 THE LIBRE INITIATIVE TRUST Questions Regarding Compensation Yes 1a First-class Or charter travel Travel for companions Housmg allowance or reSIdence for personal use Payments for busmess use of personal reSIdence Health or SOCIa) club dues or initiation fees Personal serVIOes (e g , maid, chauffeur, chef) Tax Indemnification and gross-up payments Discretionary spending account b No Check the appropriate box(es) If the organization prOVIded any of the followmg to or for a person listed on Form 990, Part VII, Section A, line 1a Complete Part III to prOVIde any relevant information regarding these items. If any of the boxes on line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or prOVIsIon of all of the expenses described above? If "NO," complete Part III to explain ......................................................... 2 Did the organization reqUIre substantiation prior to reimbursmg or allowing expenses incurred -by all directors, trustees, and officers, Including the CEO/Executive Director, regarding the items checked In line 13? ........................................................... 3 Indicate which, If any, of the following the filing organization used to establish the compensation of the organization's CEO/Executive Director Check all that apply. Do not check any boxes for methods used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III. Compensation committee Independent compensation consultant Form 990 of other organizations 4 a b c I Written employment contract Compensation survey or study Approval by the board or compensation committee During the year, did any person listed on Form 990, Part VII, Section A, line 1a, With respect to the filing organization or a related organization Receive a severance payment or change-of-control payment? ............................ PartICIpate In, or receive payment from, a supplemental nonqualrtied retirement plan?............... Participate In, or receive payment from, an eqUIty-based compensation arrangement? ............... If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III Only section 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9. 5 For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any compensation contingent on the revenues of2 a b The organization? ................................................... Any related organization? ............................................... If "Yes" to line 5a or 5b, describe In Part III 6 P? 2 i 2 Q; 3. For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any compensation contingent on the net earnings of. a i. The organization? ................................................... 6a X b Any related organization? ............................................... 6b X If "Yes" on line 6a or 6b, describe In Part III. 7 For persons listed on Form 990, Part VII, Section A, line 1a, did the organization prOVIde any non-fixed 8 Were any amounts reported on Form 990, Part VII, paid or accrued pursuant to a contract that was subject to the Initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe payments not described on lines 5 and 6? If "Yes," describe In Part III ........................ 9 7 in Part III ........................................................ 8 If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .......................................... 9 For Paperwork Reduction Act Notice, see the Instructions for Form 990. X X J Schedule J (Form 990) 2015 JSA 5E1290 1 000 2638EM K922 5/15/2017 10;56217 AM V 15-7.18 120-0096940-0077672 PAGE 2 4 Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed. Page 2 45-2686411 (ii) (i) (ii) (i) (Ii) (Ii) (I) I") (i) (ti) (Ii) 8 11 12 13 14 (i) (ii) 16 2638EM K922 JSA 5E1291 1 000 (It) 15 10 9 7 5/15/2017 (ii) Ii) (Ii) 0) (Ii) 5 (0 (ii) 4 6 (i) (ii) JORGE LIMA 3VP OPERATIONS & POLICY ANDELIZ CASTILLO (i) 1CHIEF EXECUTIVE OFFICER (ii) DANIEL GARZA (i) 2EXECUTIVE DIRECTOR (ii) (A) Name and Title 40,000. O. 178,119. 0. 10z56117 AM V 15-7.18 20,000. 0. 0. 113,182. 0. 40,000. 0. compensation compensation 153,755. (ll) Bonus & Incentive (i) Base 0. O. O. O. 0. 0. 2,569. 0. 0. 7,219. O. 8,581. other deferred compensation (C) Retirement and 120-0096940-0077672 reportable compensation (iii) Other (B) Breakdown 0f W-2 and/or 1099'MISC compensation 0. 0. 22,287. 22,343. 0. 5,839. benefits (D) Nontaxable (F) Compensation 0 0 0 0. 0 0 In column (8) reported as deferred on prior Form 990 PAGE 25 Schedule J (Form 990) 2015 0. 0. 158,038. 247,681. O. 208,175. (B)(l)-(D) (E) Total of columns For each indIVIdual whose compensation must be reported on Schedule J, report compensation from the organization on row (I) and from related organizations, described In the Instructions, on row (ll). Do not list any IndIVIduaIs that are not listed on Form 990, Part VII Note; The sum of columns (B)(i)-(Ill) for each listed lndiVidual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that IndIVIdual. m Schedule J (Form 990) 2015 THE LIBRE INITIATIVE TRUST Page 3 45-2686411 PART I, LINE 7 5E15051 ooo JSA 2638EM K922 5/15/2017 SEE ALSO SCHEDULE 0 PERFORMANCE. 10z56117 AM V 15-7.18 120-0096940-0077672 THE TRUSTEE HAS DISCRETION TO DETERMINE AND AWARD BONUSES BASED ON SCHEDULE J, PAGE 26 Schedule J (Form 990) 2015 m Supplemental Information Complete this part to provide the Information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional Information. Schedule J (Form 990) 2015 THE LIBRE INITIATIVE TRUST SCHEDULE 0 Supplemental Information to Form 990 or 990-EZ (Form 990 or 990-EZ) Complete to provide information for responses to specific questions on Depanmem Mme new Form 990 or 990-EZ or to provide any additional information. Internal Revenue Service ry Open to Public >AttaCh to Form 990 Of 990'EZ- Inspection Name of the organization Employer identification number THE LIBRE INITIATIVE TRUST FORM 990, PART I, 45-2686411 LINE 1 OUR MISSION IS TO ADVANCE PRINCIPLES AND VALUES OF A FREE AND OPEN SOCIETY (I.E., LIMITED GOVERNMENT, PERSONAL RESPONSIBILITY) RULE OF LAW, THAT EMPOWER THE U.S. FREE ENTERPRISE AND HISPANIC COMMUNITY TO THRIVE AND CONTRIBUTE TO A MORE PROSPEROUS AMERICA. FORM 990, PART III, LINE 4A WE ALSO ENGAGED IN MEDIA INTERVIEWS, PANELS, SPEAKING ENGAGEMENTS ROUNDTABLES AND PUBLIC FORUMS) (SUCH AS AND THIRD PARTY EVENTS AND CONFERENCES ACROSS THE COUNTRY. LIBRE ALSO EXPANDED ITS OPERATIONS TO OHIO AND WISCONSIN. CONTINUED TO GROW OUR NATIONAL NETWORK OF INFORMED U.S. OVERALL, WE LATINO FREEDOM-ORIENTED ACTIVISTS DEDICATED TO ADVANCING POLICIES THAT PROMOTE A FREE AND OPEN 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, FORM 990, A SEPARATE LLC HAS THE POWER TO APPOINT SUBJECT TO CERTAIN LIMITATIONS. PART VI, SECTION A, LINE 8B THERE ARE NO SUCH COMMITTEES. For PrIvacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. JSA 5512271000 2638EM K922 5/15/2017 10156117 AM V 15-7.18 Schedule 0 (Form 990 or 990-EZ) (2015) 120-0096940-0077672 PAGE 27 Schedule 0 (Form 990 or-990-EZ) 2015 Page 2 Name of the organization Employer identification number THE LIBRE INITIATIVE TRUST FORM 990, PART VI, 45-2686411 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 TC INTERNAL MANAGEMENT AND LEGAL COUNSEL FOR REVIEW. ADDRESSED AND ANY MODIFICATIONS ARE MADE, ALL QUESTIONS ARE IF NECESSARY. 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, THE ORGANIZATION PREVIOUSLY LINE 15A & 15B & SCHEDULE J, (AND RECENTLY) PART III, SUPPLEMENTAL INFORMATION ENGAGED A HUMAN RESOURCES CONSULTING ORGANIZATION TO PERFORM A COMPENSATION STUDY PURSUANT TO THE REBUTTABLE PRESUMPTION RULES OF SECTION 4958. USED DATA FROM, AMONG OTHER THINGS, THE CONSULTING ORGANIZATION COMPARABLE NON-PROFIT ORGANIZATIONS TO HELP ESTABLISH A REASONABLE COMPENSATION RANGE FOR INDIVIDUALS WHO MIGHT BE CONSIDERED DISQUALIFIED PERSONS. BECAUSE SUCH PERSONS' COMPENSATION LEVELS HAVE NOT MATERIALLY CHANGED, THE ORGANIZATION DETERMINED IT WAS IN THE BEST INTERESTS OF THE ORGANIZATION NOT TO INCUR ADDITIONAL COSTS TO HAVE ANOTHER COMPENSATION STUDY PERFORMED DURING ITS CURRENT FISCAL YEAR. JSA 5E12281 000 2638EM K922 Schedule 0 (Form 990 or 990-EZ) 201 5 5/15/2017 10156z17 AM V 15-7.18 120-0096940-0077672 PAGE 28 Schedule 0 (Form 990 orQQO-EZ) 2015 Page 2 Name of the organization Employer identitication number THE LIBRE INITIATIVE TRUST FORM 990, PART VI, 45-2686411 SECTION C, LINE 19 THE ORGANIZATION MAKES ALL REQUIRED DISCLOSURES AVAILABLE TO THE PUBLIC PER IRS REGULATIONS. ATTACHMENT 1 990, PART VII- COMPENSATION OF THE FIVE HIGHEST PAID IND. NAME AND ADDRESS CONTRACTORS DESCRIPTION OF SERVICES DEMOCRACY DATA & COMMUNICATIONS LLC COMPENSATION WEBSITE MAINTENANCE 223,000. SPOKESPERSON 136,222. 2842 S OCEAN TIDELINE OCEAN RESORT & SPA 2842 S OCEAN BOULEVARD PALM BEACH, FL 33480 EVENT HOSTING 128,475. PARTRIDGE CONSULTING LLC CONSULTING 108,500. 805 15TH STREET, NW WASHINGTON, DC 20005 RACHEL CAMPOS-DUFFY 5805 PINE TERRACE WESTON, WI 54476 5561 OTTAWA PASS CARMEL, IN 46033 ATTACHMENT 2 FORM 990, PART IX - OTHER FEES DESCRIPTION PROGRAM RELATED CONSULTING (A) (B) TOTAL PROGRAM (C) FEES SERVICE EXP. (D) MANAGEMENT FUNDRAISING AND GENERAL EXPENSES 1,658,445. 1,658,445. 0. 0. 381,221. 381,221. 0. 0. DIRECT MAIL 79,727. 0. 0. 79,727. OTHER PROFESSIONAL FEES 22,841. 17,536. 2,142,234. 2,057,202. WEBSITE TOTALS JSA 5,305. 0. 85,032. Schedule 0 (Form 990 or 990.52) 2015 5E1228 1000 2638EM K922 5/15/2017 10156zl7 AM V 15-7.18 120-0096940-0077672 PAGE 29 (1) TDNA, LLC ARLINGTON, JSA SUPPORT STE 700 ARLINGTON, VA 22201 45-4123383 2638EM K922 5/15/2017 10z56z17 AM V 15-7.18 PUBLIC 0!) Primary actIVIty (a) Name, address, and EIN Of related organization 1310 N COURTHOUSE RD, 5151307 1 000 45-2725507 VA 22201 DE 250, 000 . 16,701. (d) 501(C) (3) Exempt Code section 120-0096940-0077672 DE or foreign country) Legal domICIIe (state (if section 501(c)(3)) X Yes No Section 512(b)(13) controlled entity? PAGE 3 0 Schedule R (Form 990) 2015 LIBRE INITIATIVE entity (0 Direct controlling (a) Public charity status (9) LIBRE INITIATIVE (1) Direct controlling entity (a) End-of-year assets 45-2686411 Employer Identification number Open to Public .-. Inspection 2015 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 one or more related tax-exempt organizations during the tax year. STE 700 (d) Total income (C) Legal domICIle (state or foreign country) (b) Primary actIVIty For Paperwork Reduction Act Notice, see the Instructions for Form 990. (7) (5) (5) (4) (3) (2) D Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990. P Attach to Form 990. F Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37. (a) (1) THE LIBRE INITIATIVE INSTITUTE, INC (6) 15L (4) (3) 45-2686411 Name, address, and EIN (if applicable) of disregarded entity 1310 N COURTHOUSE RD, (2) TRUST Related Organizations and Unrelated Partnerships INITIATIVE 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 SCHEDULER (Form 990) THE LIBRE Income (1) Share of total (e) Predominant Income (related, unrelated, excluded from tax under sections 512-514) 5/15/2017 10z56z17 AM V 15-7.18 (13) Primary actiVlty (a) Name, address, and EIN of related organization 2638EM K922 JSA 5E1308 1 000 (7) (5) (5) (4) (3) (2) (1) (d) Direct controlling entity (9) Share of end-ofyear assets (h) Yes No l Ibo-horn? Dllpmpalioml (i) (Form 1065) of Schedule K-1 amount in box 20 Code V-UBI (I) Yes No General or managing partner? (C corp, S corp, or trust) entity (9) Type of entity (d) Direct controlling 120-0096940-0077672 country) Legal domlcne (state or foreign (C) Share of total Income (1) In) II) Percentage ownership ('0 Page 2 PAGE 3 1 Schedule R (Form 990) 2015 Yes No contr entlt 7 Share of Percentage Section )(13) end-of-year assets ownership 512(bolled (9) Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because It had one or more related organizations treated as a corporation or trust during the tax year. (6) Legal domICIIe (state or foreign country) 0)) Primary actiVlty (a) Name, address, and EIN of related organization m (7) (5) (5) (4) (3) (2) (1) 45- 2686411 ldentification 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. Schedule R (Form 990) 2015 THE LIBRE INITIATIVE TRUST ' l 45*2686411 Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part lV, line 34, 35b, or 36. THE LIBRE INITIATIVE TRUST n-UIS .q 1n 1o 1p 1q Reimbursementpald to related organIzatIon(s) for expenses. . . . . . . . . . . ReImbursementpaId by related organIzatIon(s) for expenses . . . . . . . . . . 2638EM K922 JSA 55130 91000 (6) (5) (4) 5/15/2017 lOt56;l7 AM INC. THE LIBRE INITIATIVE INSTITUTE, (2) (3) INC. THE LIBRE INITIATIVE INSTITUTE, .r.-EI=o (1) V 15-7.18 120-0096940-0077 672 (d) FMV 210,253. PAGE 32 Schedule R (Form 990) 2015 FMV Method of deterrnining amount Involved 796, 955 . (C) Amount Involved (b) Transaction type (3'5) (a) Name of related organization Page 3 Yes 1r I . . . . . I I Other transfer of cash or property to related organIzatIon(s)I 1s . . . . . Other transfer of cash or property from related organIzatIoan. . . . 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 If thea ,1m 1l Sharing of paId employees WIth related organIzation(s) 1k atIon(s) Lease of faCllltleS equment, or other assets from related organIza for related organization(s) Ions Performance of serVIces or membershIp or fundraIsing solICItatI Performance of serVIces or membership or fundraISIng solICItathim5 by related organIzatIon(s), Sharing of faCIlItIes, eqUIpment. maIlIng IIsts, or other assets WIth related organization(s) Lease of facrlities, equipment, or other assets to related organIzatIon(s)I DIVIdends from related organIzatIon(s), , . , . . . . . . . . . . . . . . . . . . . Sale of assets to related organIzatIon(s). . . . . . . . . . . . . . . . . . . . . . Purchase of assets from related organIzatIon(s)I I I I . I I . Exchange of assets with related organIzatIon(s)I Receipt of (i) Interest, (ii) annUItIes, (III) royalties. or (iv) rent from a controlled entity. Gift, grant. or capital contribution to related organization(s) , . Gift, grant. or capital contributIon from related organIzatIon(s)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 IIsted In Parts ll, III, or IV of thIs schedule. 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'7 1 Part V Schedule R(Form990)2015 NQOUG) INITIATIVE TRUST 45-2686411 Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37. THE LIBRE Page 4 2638EM K922 5E131o 1 000 JSA (15) (15) (14) 113) (12) (11) (10) (9) (8) (7) (5) (5) (4) (3) (2) (1) 5/15/2017 Name. address. and EN atentity 10256117 AM Primary activny V 15-7.18 ega OmlCle (state or foreign country) Yes sections 512-514) ' Snareof total income 120-0096940-0077672 No re a pa ners section 501(c)(3) organizatIons? re ominan income (related. unrelated, excluded from tax under hareo end-of-year assets No n IZTESDET'G Yes D Yes NO eneral or managing partner? p centa 9 carnarshgo PAGE 33 Schedule R (Form 990) 2015 eV- Bl amount in box 20 of Schedule K-1 (Form 1065) P 0 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. (a, (b) L It? I P d(d) t A "(a-Irt (i) S (a) f (h) Cod (I) U G (l) (k) ' m Schedute R (Form 990) 2015 . o' . v THE LIBRE INITIATIVE TRUST 45-2686411 Schedule R (Form 990) 2015 Page 5 Supplemental Information Complete this part to prowde additional information for responses to questions on Schedule R (see instructions). Schedule R (Form 990) 2015 5E15101000 263BEM K922 5/15/2017 lOI56tl7 AM V 15-7.18 120-0096940-0077672 PAGE 34