OMB No. 1545-0047

 

Return of Organization Exempt From Income Tax

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.

990

Department of the Treasury

26317

Open to Public

 

 

 

 

 

 

 

 

 

 

Intemal Revenue Service Go to for instructions and the latest information. Inspection
A For the 2017 ca endar yearI or tax year beginning and endin
check if applicable: 0 Name of organization Freedom and Opportunity Fund Employer identification number
Address change Doing business as
El Number and street (or P.O. box if mail is not delivered to street address) Room/suite 81 -1 199959
Name change 1030 15th St, NW 182 B1 Telephone number
Initial return city or town State ZIP code
. 540 341 -8808
El Washington DC 20005 
Final return/termmate Foreign country name Foreign province/state/county Foreign postal code
Amended return Gross receipts 3,210,687

 

 

El Application pending Name and address 0f principal of?cer: H(a) Is this a group return for subordinates?
Leonard Leo, President 1030 15th St NW Ste. 182 B1, Washington, DC H(b) Are all subordinates included?

El 501(c)(3). 501(c) 4 (insert no.) 4947(a)(1) or 527

Website: NONE

Corporation Trust Association Other 

Yes. No
I: Yes No

 

 

Tax-exempt status: If attach a list. (see instructions)

 

H(c) Group exemption number 5

Form of organization:

I Year of formation: 2016 I State of legal domicile: DE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary
0 1 Briefly describe the organization's mission or most signi?cant activities: 


2 Check this box if the organization discontinued its operations or disposed of more than 25% of its net assets.
0 3 Number of voting members of the governing body (Part VI, line . . . . . . . . . . 3 3
4 Number of independent voting members of the governing body (Part VI, line 1bTotal number of individuals employed in calendar year 2017 (Part V, line 2aTotal number of volunteers (estimate if necessaryTotal unrelated business revenue from Part column (C) line 12Net unreiated business taxable income from Form 990-T, line Prior Year Current Year
a, 8 Contributions and grants (Part line 1h6,285,850 3,210,263
9 Program service revenue (Part line 2gInvestment income (Part column (A), lines 3 4, and 7dOther revenue (Part column (A) lines 5 6d, 8c 9c,10c and 11eTotal revenue?add lines 8 through 11 (must equal Part column (A), line 12). 6,285,942 3,210,687
13 Grants and similar amounts paid (Part IX, cqumn (A), lines 1?3) . 5,021,000 3,766,803
14 Benefits paid to or for members (Part IX, column (A), line Salaries, other compensation, employee benefits (Part IX, column (A), lines 5?10) .
?3 16a Professional fundraising fees (Part IX, column (A), line 11e) . .
Total fundraising expenses (Part IX, column (D), line 25) 
17 Other expenses (Part IX, column (A), Iines 27,357 446,449
18 Total expenses. Add lines 13?17 (must equal Part IX, column (A), line 25). 5,048,357 4,213,252
19 Revenue less expenses. Subtract line 18 from line 12 . 1,237,585 4,002,565
'3 Beginning of Current Year End of Year
Eng 20 Total assets (PartX, Iine 161,237,585 234,953
21 Total liabilities (PartX line 26Net assets or fund balances. Subtract line 21 from line 20.1,237585 234,953
Signature Block
Under penalties of perjury, I declare that have examined this return, including accompanying schedules and statements, and to the best of my knowledge
and belief, it is true correct, and complete. Declaration of preparer (other than officer) ts based on all information of preparer has any knowledge.
:lgn Signature of of?cer Date
ere Leonard Leo President
Type or print name and title
Print/Type preparers name Preparers signature Date PTIN
. Check if
Sigma T. Raymond Conlon 724W 65%? 11/15/2018 self-employed P01486002
Use only Firm?s name Conlon and Associates LLC Firm?s EIN 
Finn?s address P.O. BOX 6213, Silver Spring, MD 20916-6213 Phone no. 301-598-6851

 

 

 

May the IRS discuss this return with the preparer shown above? (see instructions) .

El Yes No

For Paperwork Reduction Act Notice, see the separate instructions. Form 990 (2017)

HTA

Form 990 (2017) Freedom and Opportunity Fund 81-1199959 Page 2

 

 

 

 

 

 

 

 

Part Statement of Program Service Accomplishments
Check if Schedule 0 contains a response or note to any line in this Part . . . . . . . . . . . i

1 Brie?y describe the organization's mission:
seasonsp. or. 12.9 

2 Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 ?Yes," describe these new services on Schedule 0.

3 Did the organization cease conducting, or make significant changes in how it conducts, any program
servrces?P DYes .No
If "Yes," describe these changes on Schedule 0.

4 Describe the organization's program service accomplishments for each of its three largest program services, 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: (Expenses 4' including grants of 3119358qu (Revenue 
Miriam. 
restate 
market 99919.5; 
gepedynitpand?g Edygate?meriqans 99991.92 


4b (Code: (Expenses including grants of (Revenue 

4C (COde (Expenses inCIUding grants of (Revenue 

4d Other program services. (Describe in Schedule 0.)
(Expenses 0 including grants of 0 )(Revenue 0 

49 Total program service expenses 4,166,803

 

Form 990 (2017}

Form 990 (2017) Freedom and Opportunity Fund 81-1199959 Page 3

Checklist of Required Schedules

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yes No
1 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 Schedule of Contributors (see instructions)? 2 
3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to
candidates for public office? it "Yes, complete Schedule C, Parti. . 3 
4 Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h)
election in effect during the tax year? it "Yes, complete Schedule C, Part ll. 4
5 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? it "Yes, complete Schedule C,
Pan?ill. . 5 
6 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 PartiDid 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 Part ii. 7 
8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? if "Yes,"
complete Schedule D, Part lliDid 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 or provide credit counseling, debt management credit repair or debt
negotiation services? if ?Yes, complete Schedule D, Part iV. . . 9 
10 Did the organization, directly or through a related organization, hold assets in temporarily restricted
endowments, permanent endowments, or quasi- -endowments? if ?Yes,"compiete Schedule D, Part V.
11 If the organization's answer to any of the following questions is ?Yes," then complete Schedule D, Parts VI,
VII, IX, or as applicable.
a Did the organization repOIt an amount for land, buildings, and equipment in Part X, line 10? if "Yes, complete
Schedule Part Vl.. . . 11a 
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 line 16? lf "Yes, complete Schedule D, Part Vli.. . . . 11b 
Did the organization report an amount for investments?program related in PaIt line 13 that Is 5% or more
of its total assets reported in Part X, line 16? if ?Yes, complete Schedule D, Part . 11c 
(I 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.. . . 11d 
Did the organization report an amount for other liabilities In PartX, line 25? if ?Yes,' 'complete Schedule D, Pan?X . 11e 
Did the organization' 3 separate or consolidated nanCIaI statements for the tax year include a footnote that addresses
the organization's liability for uncertain tax positions under FIN 48 (A80 740)? it "Yes,? complete Schedule D, . 11f 
12a Did the organization obtain separate, independent audited ?nancial statements for the tax year? if "Yes, complete
Schedule D, Parts Xl and Xll.. . 12a 
Was the organization included in consolidated, independent audited financial statements for the tax year? lf "Yes,?
and if the organization answered "No" to line 12a, then completing Schedule D, Parts Xi and ii is optional . 12b 
13 Is the organization a school described in section 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, business, investment, and program service activities outside the United States, or aggregate
foreign investments valued at $100,000 or more? if "Yes," complete Schedule F, Parts and iV. . 14b 
15 Did the organization report on Part IX, column (A) line 3, more than 000 of grants or other assistance to or
for any foreign organization? it ?Yes, complete Schedule F, Parts Did the organization report on Part IX, column (A), line 3, more than 000 of aggregate grants or other
assistance to orfor foreign individuals? it? ?"Yes, complete Schedule F, Parts ill and iV. . . 16 
17 Did the organization report a total of more than $15,000 of expenses for professional fu ndraising services
on Part IX, column (A), lines 6 and 11e? it "Yes," complete Schedule G, Part 1 (see instructions). 17 
18 Did the organization report more than $15,000 total of fundraising event gross income and contributions on
Part lines 10 and 8a? if "Yes complete Schedule G, Part ll. . 18 
19 Did the organization repoIt more than $15, 000 of gross income from gaming activities on Part line 9a?
if ?Yes, complete Schedule G, Part ill . 19 

 

Form 990 (2017)

Form 990 (2017) Freedom and Opportunity Fund 81?1199959 Page 4
Part IV Checklist of Required Schedules (continued)

 

 

 

 

 

Yes No
20a Did the organization operate one or more hospital facilities? If "Yes, complete Schedule "Yes" to line 20a, did the organization attach a copy of its audited ?nancial statements to this returnDid 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 and llDid the organization report more than 000 of grants or other assistance to or for domestic individuals on
Part IX, column (A), line 2? If "Yes, complete Schedule I Parts Did the organization answer "Yes" to Part VII, Section A, line 3, 4 or 5 about compensation of the
organization' 5 current and former officers, directors, trustees, key employees, and highest compensated
employees? If"Yes complete ScheduIeJ24a 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, answerlines

 

 

 

 

 

24b through 24d and complete Schedule K. If "No, go to line 25a24a 
Did the organization invest any proceeds of tax- -exempt bonds beyond a temporary period eXception24b
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds24c
Did the organization act as an "on behalf of? Issuer for bonds outstanding at any time during the year24d
25a 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, Part the organization aware that it engaged in an exoess 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? If "Yes, complete Schedule PartlDid 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
disquali?ed persons? If ?Yes, complete Schedule L, Part IIDid the organization provide a grant or other assistance to an of?cer, 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 

28 Was the organization a party to a business transaction with one of the following 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 IVfamily member of a current or former of?cer, director, trustee, or key employee? If "Yes, complete
ScheduleLPan?lVentity of which a current or former officer, director, trustee, or key employee (or a family member thereof)
was an of?cer, director, trustee, or direct or indirect owner? If "Yes, complete Schedule L, Part IVDid the organization receive more than $25,000 in non-cash contributions? If "Yes, complete Schedule Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified
conservation contributions? If "Yes, complete Schedule llDid the organization liquidate, terminate, or dissolve and cease operations? If "Yes, complete Schedule N,
31 
32 Did the organization sell, exchange dispose of, or transfer more than 25% of its net assets?
If "Yes,? complete Schedule Part IIDid 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, PartlWas the organization related to any tax- -exempt or taxable entity? If "Yes, complete Schedule R, Part II,
34 
35a Did the organization have a controlled entity withih the meaning of section . . . . . . . 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 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 2Did the organization conduct more than 5% of its activities 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, Part

 

 

 

 

38 Did the organization complete Schedule 0 and provide explanations in Schedule 0 for Part Vi, lines 11b and
19? Note. All Form 990 filers are required to complete Schedule Form 990 (2017)

Form 990 (2017) Freedom and Opportunity Fund 81?1199959

Statements Regarding Other Filings and Tax Compliance

Check if Schedule 0 contains a response or note to any line in this Part .

Page 5



 

Yes

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1a Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicableEnter the number of Forms included' In line 1a. Enter -0- if not applicable . . . . 1b
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable
gaming (gambling) winnings to prize winners?.
2a Enter the number of employees reported on Form Transmittal of Wage and Tax
Statements, filed for the calendar year ending with or within the year covered by this return . . 2a
If at least one is reported on line 2a, did the organization ?le all required federal employment tax returns? .
Note. if the sum of lines 1a and 2a is greater than 250, you may be required to e-?le. (see instructions)
3a Did the organization have unrelated business gross income of $1,000 or more during the year? . .
If "Yes," has it filed a Form for this year? if "No" to line 3b, provide 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 financial account in a foreign country (such as a bank account, securities account, or other financial
account)?. . . .
if "Yes, enter the name of the foreign country: 
See instructions for filing requirements for Form 114, Report of Foreign Bank and Financial Accounts
(F BAR).
5a 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- .
6a Does the organization have annual gross receipts that are normally greater than $1 00, 000, and did the
organization solicit any contributions that were not tax deductible as charitable contributions?. .
if ?Yes, did the organization include with every solicitation an express statement that such contributions or
gifts were not tax deductible?.
7 Organizations that may receive deductible contributions under section 170(c)
3 Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods
and services provided to the payor?.
If "Yes, did the organization notify the donor of the value of the goods or services provided?.
Did the organization sell exchange, or othenivise dispose of tangible personal property for which it was
requiredtofileForm8282"Yes, indicate the number of Forms 8282 filed during the yearDid the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? .
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? . .
9 if the organization received a contribution of quali?ed intellectual property, did the organization file Form 8899 as required? .
It the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization ?le a Form .
8 Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the
sponsoring organization have excess business holdings at any time during the year? .
9 Sponsoring organizations maintaining donor advised funds.
a Did the sponsoring organization make any taxable distributions under section 4966?.
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?.
10 Section 501(c)(7) organizations. Enter:
a initiation fees and capital contributions included on Part line 1210a
Gross receipts, included on Form 990, Part line 12, for public use of club facilities. . . . 10b
11 Section 501 2) organizations. Enter:
a Gross Income from members or shareholders11a
Gross' Income from other sources (Do not net amounts due or paid to other sources
against amounts due or received from them11b
12a Section 4947(a)(1) non- exempt charitable trusts. is the organization filing Form 990 In lieu of Form 1041?.12a
If "Yes," enter the amount of tax-exempt interest received or accrued during the year . . . . . 12b
13 Section 501(c)(29) qualified nouprofit health insurance issuers.
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.
Enter the amount of reserves the organization is required to maintain by the states in which
the organization is licensed to issue qualified health plans . . . . . . . . . . . . . . . . 13b
Enter the amount of reserves on hand13c 
14a Did the organization receive any payments for indoor tanning services during the tax year?. 14a 
lf "Yes, has it fiied a Form 720 to report these payments? if "No ?provide an explanation' In Schedule 0. 14b

 

 

 

 

Form 990 (2017)

Form 990 (2017) Freedom and Opportunity Fund 81- 1199959 Page 6

Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below and fora "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 VISection A. Governing Body and Management

 

 

 

Yes No

 

1a Enter the number of voting members of the governing body at the end of the tax year. . . . 1a
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 O.

Enter the number of voting members included in line 1a, above, who are independent. . . . 1b

2 Did any officer, director, trustee, or key employee have a family relationship or a business relationship with
any other officer, director, trustee, or key employee?. .

3 Did the organization delegate control over management duties customarily performed by or under the direct

 

 

 

 

 

 

 

 

 

 

 

 

 

supervision of officers, directors, or trustees, or key employees to a management company or other person?. 3 
4 Did the organization make any signi?cant changes to its governing documents since the prior Form 990 was ?led? . 4 
5 Did the organization become aware during the year of a significant diversion of the organization's assets? . 5 
6 Did the organization have members or stockholders? . 6 
7a Did the organization have members, stockholders, or other persons who had the power to elect or appoint

one or more members of the governing bodyAre any governance decisions of the organization reserved to (or subject to approval by) members,
stockholders, or persons other than the governing bodyDid the organization contemporaneously document the meetings held or written actions undertaken during
the year by the following:

    

 



 

 

 

 

 

 

 

 

 

 

8aX
Each committee with authority to act on behalf of the governing bodythere any officer, director, trustee, or key employee listed In Part VII, Section A, who cannot be reached
at the organization' address? if ?Yes, provide the names and addresses in Schedule 0.. . . . 9 
Section B. Policies This Section requests information about policies not required by the Internal Revenue Code.
Yes No
10a Did the organization have local chapters, branches, or affiliates"Yes, did the organization have written policies and procedures governing the activities of such chapters,
affiliates, and branches to ensure their operations are consistent with the organization' exempt purposes? . . . 10b
11a Has the organization provided a complete copy of this Form 990 to all members of its governing body before ?ling the form?. 11a 
Describe In Schedule the process, if any, used by the organization to review this Form 990.
12a Did the organization have a written conflict of interest policy? if go to line 13. . 12a 

 

Were of?cers, directors, ortrustees, and key employees required to disclose annually interests that could give rise to conflicts? 12b 
Did the organization regularly and consistently monitor and enforce compliance with the policy? if "YesDid the organization have a written whistieblower policy?. .
14 Did the organization have a written document retention and destruction policy?.
15 Did the process for determining compensation of the following persons include a review and approval by
independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a The organization's CEO, Executive Director, or top management of?cial15a 
Other off cers or key employees of the organization. .
If "Yes" to line 15a or 15b, describe the process in Schedule (see instructions).
16a Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement
. . . . . . . . . . . . . . . . . . . . . . . . . . 16a 
If "Yes, did the organization follow a written policy or procedure requiring the organization to evaluate its
participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard
the organization's exempt status with respect to such arrangements? .
Section C. Disclosure
17 List theistates with which a copy of this Form 990 is required to be ?led 
18 Section 6104 requires an organization to make its Forms 1023 (or 1024 if applicable), 990, and 990-T (Section 561" (ovate. orily) 
available for public inspection. lndicate how you made these available. Check all that apply.
Own website El Another's website Upon request El 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 records: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5109 82nd St, Ste. 1111, Lubbock, TX 79424
Form 990 (2017)

Form 990 (2017) Freedom and Opportunity Fund 81 ?1199959 Page 7
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated
Emptoyees, 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.
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 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 following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.

Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0)
Position
(A) (B) (do not check more than one (D) (E) (F)
Name and Title Average box, unless person is both an Reportable Reportable Estimated
hours per officer and a director/trustee) compensation compensation amount of
week(listany c, 5- 7; a, -n from from related other
hours for a 52 3 <3 the organizations compensation
related 5? a ?g 2 53? g: organization from the
organizations i organization
below dotted 9.. .2 and related
line) 59, 8 organizations
Director?'reasurer 0.00 0 0 0

Director/Secretary 0.00 0 0 0

Director/President 0.00 0 0 0
"(Al 
-152 

Mt?) 


(1.91 
1112 
11.22 
it?) 
(1.42 

 

 

 

 

 

 

 

 

 

 

 

Form 990 (2017)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Form 990 (2017) Freedom and Opportunity Fund 81-1199959 Page 8
Part VII Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(Cl
Position
(A) (B) (do not check more than one (D) (E) (F)
Name and title Average box, unless person is both an Reportable Reportable Estimated
hours per of?cer and a director/trustee) compensation compensation amount of
week (listany 3 5? 0 7: :5 -n from from related other
hoursfor 32 2 the organizations compensation
related 3% g: 9; ?39 g8 9; organization from the
organizations ?g 3 organization
below dotted 2' ?3 and related
line) 59. 2? '8 organizations
(D In 
a 

8

11.52 

1.1.62 



1.1.3.52 

1191 

1292 

12.12 

12.2) 

1.2.32 

-1342 


0 0 0
Totalfromcontinuation sheetsto . . . . . . . . . . 0 0 0

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 0

 

3 Did the organization list any former of?cer, director, or trustee, key employee, or highest compensated
employee on line 1a? if ?Yes, complete Schedule for such individual .

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 for such
individual .

5 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 for such person .

 

?9,5 N9.

 

 

 

 

 

 

 

Section B. independent Contractors
1 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.
(A) (B) (C)
Name and business address Description of services Compensation
Creative Response Concepts 2760 Eisenhower Ave, 4th Floor Alexandria, VA 2231 Consultant 400,000
0
0
0
0

 

 

2 Total number of independent contractors (including but not limited to those listed above) who received
more than $100,000 of compensation from the manization 1

 

   

Form 990 (2017)

 

 

  
  
 

Form 990 (2017) Freedom and Opportun?y Fund 81-1199959 Page 9
Part Statement of Revenue
Check it Schedule contains a response or note to any line In this Part . . . . . . 
(A) (B) (C) (D)

Total revenue Related or Unrelated Revenue
exempt business excluded from
function revenue tax under sections
revenue 512-514

   
    

 

 

 

 

Contributions, Gifts, Grants
and Other Similar Amounts

3L9



Federated campaigns .

 

Membership dues .

 

Fundraising events.

 

Related organizations

 

Government grants (contributions)



 

All other contributions, gifts, grants, and
similar amounts not included above .

 

 

Noncash contributions included in lines 1a-1f:
Total.Add lines 1a?1f .

 

 

 

26








Program Service Revenue

All other program service revenue .

Total Add lines 2a'?2f.

Business Code

 

3,210,263} 

 

 

 

 

 

 

 

 

 



 

 

6a

0

7a

8a

Other Revenue

Investment Income (including dividends, interest, and

other similar amounts).

Income from investment of tax-exempt bond proceeds.

Royalties .

424

424

 



 

V77

 

Real I

(ii) Personal

 

Gross rents .

 

Less: rental expenses .

 

Rental income or (loss) .

 

Net rental income or (loss) .

 

Gross amount from sales of Securities

(ii) cine}

 

assets other than inventory .

 

Less: cost or other basis
and sales expenses .

 

Gain or (loss) .

 

 

Net gain or (loss) .

Gross income from fundraising

events (not including 
of contributions reported on line 1c).

See Part IV, line 18.

Less. direct expenses.

Net' Income or (loss) from fundraising events.
Gross income from gaming activities.

See Part IV, line 19

Less. direct expenses.

Net' Income or (loss) from gaming activities
Gross sales of inventory, less

returns and allowances.

Less: cost of goods sold

Net Income or (loss) from sales of inventory.

 

 

 

 

 

 

 

 

 

 

 

Miscellaneous Revenue

Business Code

 

 

All other revenue.
Total. Add lines 11a?11d.
Total revenue. See instructions. .

  

 

 

 

 

 


0


0

 

 

v'v

3,210,687 I

 

 

 

424

 

Form 990 (2017)

Form 990 (2017)
Part IX

Freedom and Opportunity Fund
Statement of Functional Expenses

81?1 ?1 99959

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 .

Page 10



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DO "at incmde amounts reported on lines 6b? 7b? Total ??penses Manag?crllent and Fund(l3a)ising
8b, 9b! and 10b Of Part VHL expenses eneral 6X enses enses
1 Grants and other assistance to domestic organizations 7
domestic governments. See Part IV, line 21 . 3,766,803 3,766,803
2 Grants and other assistance to domestic 3
individuals. See Part IV, line 22 . 0
3 Grants and other assistance to foreign
organizations, foreign governments, and foreign
individuals. See Part IV, lines 15 and 16 . 0
4 Benefits paid to or for members. 0
5 Compensation of current officers, directors,
trustees, and key employees. 0 0
6 Compensation not included above, to disqualified
persons (as defined under section 4958(f)(1) and
persons described in section 4958(c)(3)(B) . 
7 Other salaries and wages. 0
8 Pension plan accruals and contributions (include
section 401(k) and 403(b) employer contributions) . 0
9 Other employee benefits . 0
10 Payroll taxes. 0
11 Fees for services (non- employees).
a Management . 0
Legal . 0
Accounting . 36,000 0 36,000 0
Lobbying.
Professional fundraising services. See Part IV, line 17
Investment management fees. .
9 Other. (If line 119 amount exceeds 10% of line 25, column
(A) amount, list line 119 expenses on Schedule 0.) 400,000 400,000 0 0
12 Advertising and promotion . 0
13 Office expenses . 68 0 68 0
14 Information technology . 0
15 Royalties . 0
16 Occupancy . 0
17 Travel. . . . 0
18 Payments of travel or entertainment expenses
for any federal, state, or local public officials . 0
19 Conferences, conventions, and meetings . 0
20 Interest. . 0
21 Payments to affiliates . 0
22 Depreciation, depletion, and amortization. 0 0 0 
23 Insurance . 10,381 0 10,381 0
24 Other expenses Itemize expenses not 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 O.) 
a 0
0

All other expenses 
25 Total functional expenses. Add lines 1 through 24a . 4,213,252 4,166,803 46,449 0
26 Joint costs. Complete this line only if the

organization reported in column (B) joint costs
from a combined educational campaign and
fundraising solicitation. Check here I: if
following SOP 98-2 (ASC 958?720) .

 

 

 

 

 

Form 990 (2017)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Form 990 (2017) Freedom and Opportunity Fund 81-1199959 Page 11
Balance Sheet
Check if Schedule 0 contains a response or note to any line in this Part . El
(A) (B)
Beginning of year End of year
1 Cash?non- -interest?bearing. 1,237,585 1 29,504
2 Savings and temporary cash investments 0 2 205,449
3 Pledges and grants receivableAccounts receivable, netLoans and other receivables from current and former officers, directors, i
trustees key employees, and highest compensated employees.
Complete Part II of Schedule L. . .
6 Loans and other receivables from other disqualified persons (as defined under section
4958(f)(1)), persons described In section 4958( c3)( and contributing employers and
sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary 
organizations (see instructions). Complete Part II of Schedule L. . 0 6
7 Notes and loans receivable, net. 0 7 0
8 Inventories for sale or use. . 8
9 Prepaid expenses and deferred charges 9
10a Land, buildings, and equipment: cost or 
other basis. Complete Part VI of Schedule 10a 
Less: accumulated depreciationInvestments?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 0
14 Intangible assets. . 0 14 0
15 Other assets See Part lV, line 11.0 15 0
16 Total assets. Add lines 1 through 15 (must equal line 16 234,953
17 Accounts payable and accrued expenses . 17
18 Grants payable . 18
19 Deferred revenue. . . 19
20 Tax-exempt bond liabilities. . 20
21 Escrow or custodial account liability. Complete Part lV of Schedule 0 21
3 22 Loans and other payables to current and former officers, directors, 7
:2 trustees, key employees, highest compensated employees, and
disqualified persons. Complete Part ll of Schedule .
3 23 Secured mortgages and notes payable to unrelated third parties . 23 0
24 Unsecured notes and loans payable to unrelated third parties . 24 
25 Other liabilities (including federal income tax, payables to related third
parties, and other liabilities not included on lines 17-24). Complete
Part of Schedule D.
26 Total liabilities. Add lines 17 through 25.
Organizations that follow SFAS 117 (ASC 958), check here and .5 I
complete lines 27 through 29, and lines 33 and 34. i 
27 Unrestricted net assets . 1,237,585 27? 7 2314,5513"
3 28 Temporarily restricted net assets.
"g 29 Permanently restricted net assetsus. Organizations that do not follow SFAS 117 check here and
'6 complete lines 30 through 34.
'g 30 Capital stock ortrust principal or current funds . .
:3 31 Paid- in or capital surplus, or land, building, or equment fund
32 Retained earnings, endowment, accumulated Income, or other funds.
2 33 Total net assets or fund balances. 1,237,585 33 234,953
34 Total liabilities and net assets/fund balances 1,237,585 34 234,953

 

 

Form 990 (2017)

Form 990 (2017) Freedom and Opportunity Fund
Part XI Reconciliation of Net Assets

Check if Schedule 0 contains a response or note to any line in this Part XI .

81?1199959 Page 12

 

 

 

 

 

 

 

 

 

 

 

 

 

1 Total revenue (must equal Part column (A), line 12) . 1 3,210,687
2 Total expenses (must equal Part IX, column (A), line 25) . 2 4,213,252
3 Revenue less expenses. Subtract line 2 from line 1. 3 -1 ,002,565
4 .Net assets or fund balances at beginning of year (must equal Part line 33, column (A) 4 1,237,585
5 Net unrealized gains (tosses) on investments . 5
6 Donated services and use of facilities . 6
7 Investment expenses. 7
8 Prior period adjustments. . 8 -67
9 Other changes net assets or fund balances (explain In Schedule 0) . . 9
10 Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33,
column 10 234,953
Financial Statements and Reporting
Check if Schedule 0 contains a response or note to any line in this Part XII . 

 

2a

3a

Accounting method used to prepare the Form 990: I: Cash Accrual El Other
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule 0.

Were the organization's financial statements compiled or reviewed by an independent accountant? .
If ?Yes," check a box below to indicate whether the financia! statements for the year were compiled or
reviewed on a separate basis, consolidated basis, or both:

El Separate basis I: Consolidated basis I: Both consolidated and separate basis

Were the organization's financial 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, consolidated basis, or both:

Separate basis I: Consolidated basis I: Both consolidated and separate basis

If ?Yes" to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight 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
Schedule 0.

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 . .

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 .

I Yes No

 

 

 

 

 

 

 

 

 

 

 

3a 

 

 

 

 

3b

 

Form 990 (2017)

 Schedule of Contributors 

 

 

?r 990?) Attach to Form 990, Form 990-52, or Form 990-PF. 2GB 1 7
Go to for the latest information.

Name of the organization Employer identification number
Freedom and Opportunity Fund 81-1199959

 

 

OrganizatiOn type (check one):
Filers of: SectiOn:
Form 990 or 990-EZ 501(c)( 4 (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation
52? political organization

Form 501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation



501(c)(3) taxable private foundation

 

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See
instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5000
or more (in money or property) from any one contributor. Complete Parts and ii. See instructions for determining a
contributor's total contributions.

Special Rules

I: For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33 1l3 support test of the
regulations under sections 509(a)(1) and that checked Schedule A (Form 990 or 990-EZ), Part ll, line
13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1)
$5,000; or (2) 2% of the amount on Form 990, Part line 1h; or (ii) Form 990-EZ, line 1. Complete Parts and ii.

I: For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one
contributor, during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific,
literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts Hi, and ill.

I: For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or that received from any one
contributor, during the year, contributions exclusively for religious, charitable, etc., purposes, but no such
contributions totaled more than $1,000. if this box is checked, enter here the total contributions that were received
during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the
General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions
. . . . . . . . . . . . . . . . . . . . . . . . .b 
CautiOn: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule (Form 990,
990-EZ, or 990-PF), but it must answer "No" on Part lV, line 2, of its Form 990; or check the box on line of its Form 990-EZ or on its
Form Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule (Form 990, 990-EZ, or 990-PF).

 

For Papenrvork Reduction Act Notice, see the instructions for Form 990, 990-EZ, or SSO-PF. Schedule (Form 990, 990-EZ, or 990-PF) (2017')
HTA

Schedule 8 (Form 990. 990-EZ. or QQO-PF) (2017)

Name of organization

 

Page 2

Employer identi?cation number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Freedom and Opportunity Fund 81-1199959
Contributors (see instructions). Use dupiicate copies of Part I if additional space is needed.
(8) lb} lei id}
No. Name, address, and ZIP 4 Total contributions Type of contribution
Person
Payroll El
400000 Noncash 
(Complete Part ll for
noncash contributions.)
(at) (C) 
No. Total contributions Type of contribution
Person
Payroll 
99.9.7.5. Noncash El
(Complete Part II for
noncash contributions.)
(Cl (61)
No. Total contributions Type of contribution
Person
Payroll 
PUBLIC INSPECTION COPY 1? ngg-gq? Noncas'h 
(Complete Part II for
noncash contributions.)
(3) (0) 
No. Total contributions Type of contribution
Person
Payroll 
2000000 Noncash 
{Complete Part II for
noncash contributions.)
(21) is) 
No. Total contributions Type of contribution
Person 
Payroll El
Noncash 
(Complete Part ii for
noncash contributions.)

No. Total contributions Type of contribution
Person 
Payroll El
Noncash 
{Complete Part II for
noncash contributions.)

 

 

 

 

Schedule 5 (Form 990, SSG-EZ, or sac-FF; (2017)

Schedule (Form 990, QQO-EZ, or 990-PF) (2017)

Page 3

 

Name of organization
Freedom and Opportunity Fund

Employer identification number
81-1 199959

 

Noncash Property (see instructions). Use duplicate copies of Part if additionai space is needed.

 

 

 

 

 

 

 

 

 

 

 

No. 
from . . . FMV (or estimate) .

Part I escrip ion 0 noncash preperty given (See instructions.) Date received
No. (0)
from FMV (or estimate) 
Partl Description of noncash property given (See instructions.) Date received
No. (c
from Description of property given FMV (or e)stimate) Date :ggeived
Part I (See instructions.)
No. 
b) . 
from . . . FMV (or estimate)
Descri tion of noncash ro 
Part I rty given (See instructions.) Date received
No. 
from Description of norEEgish property given FMV (or(e)stimate) te isggei ed
Part I (See instructions.) a 
No. 
from . . FMV (or(e)stimate) 
rt I Description of noncash property given Date received
a (See instructions.)

 

 

 

 

 

Schedule (Form 990, 990-EZ, or 990-PF) (2017)

Schedule 8 (Form 990, 990-EZ, or 990-PF) (2017) Page 4

Name of organization Employer identification number
Freedom and Opportunity Fund 81-1199959

 

Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or

(10) that total more than $1,000 for the year from any one contributor. Complete columns through and

the following line entry. For organizations completing Part enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) 9_
Use duplicate copies of Part if additional space is needed.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

No.
from Purpose of gift Use of gift Description of how gift is held
Partl
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
Brill}. 
No.
from Purpose of gift Use of gift Description of how gift is held
Part!
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
?nial)? (33,155, 
No.
20ml Purpose of gift Use of gift Description of how gift is held
art
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
Era?. 53,1353, 
No.
gratin Purpose of gift Use of gift Description of how gift is held
a
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
ESE as; 535a}; 

 

 

Schedule (Form 990, 990-EZ, or 990-PF) (2017)

SCHEDULE OMB No. 1545-0047
(Form 990) Supplemental Financial Statements
Complete if the organization answered "Yes" on Form 990,

Part IV, line 6, .
Open to Public

  

 

Department of the Treasury FAttach to Form 990. Inspection
internal Revenue Go to for instructions and the latest information.

Name of the organization Employer identification number
Freedom and Opportunity Fund 81-1199959

 

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts.
Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

 

 

 

 

 

 

 

 

Donor advised funds Funds and other accounts
1 Total number at end of year. . . . 6
2 Aggregate value of contributions to (during year) . 3,200,314
3 Aggregate value ctgrants from (during year). . . 4 ,206, 692
4 Aggregate value at end of year. . . . 258, 472
5 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 organizations exclusive legal controlDid 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 benefitConservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1 Purpose(s) of conservation easements held by the organization (check all that apply).
Preservation of land for public use recreation or education) Preservation of a historically important land area

 

El Protection of natural habitat El Preservation of a certified historic structure

I: Preservation of open space
2 Complete lines 2a through 2d if the organization held a quali?ed conservation contribution in the form of a conservation
easement on the last day of the tax year. Held at the End of the Tax Year

 

a Total number of conservation easementsTotal acreage restricted by conservation easementsNumber of conservation easements on a certified historic structure included In . . . . 2c
Number of conservation easements included In acquired after 7/25/06, and not on a

historic structure listed In the National Register . . . 2d

3 Number of conservation easements modified, transferred, released extinguished, or terminated by the organization during
the tax year 

4 Number of states where property subject to conservation easement is located 
5 Does the organization have a written policy regarding the periodic monitoring, inspection, handling of
violations, and enforcement of the conservation easements it holdsStaff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year

7 Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year

8 Does each conservation easement reported on line 2(d) above satisfy the requirements of section 
and section 170(h)(Part Xill, 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' ?nancial 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, line 8.

1a If the organization elected, as permitted under SFAS 116 (ASC 958), not 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 service, provide, in Part the text of the footnote to its ?nancial statements that describes these items.

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 service, provide the following amounts relating to these items:
Revenue included on Form 990, Iine1(II)Assets Included In Form 990, PartXthe organization received or held works of art historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (A80 958) relating to these items:

 

a Revenue included on Form 990, Part line Assets included in Form 990 PartXFor Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule (Form 990) 2017

HTA

Schedule (Form 990) 2017 Freedom and Opportuniyjund 81-1199959 Page 2
Organizations Maintaini? Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3 Using the organization's acquisition, accession, and other records, check any of the following that are a significant use of its
collection items (check all that apply):
a I: Public exhibition Loan or exchange programs

I: Scholarly research Other

Preservation for future generations
4 Provide a description of the organization's collections and explain how they further the organization's exempt purpose in Part

5 During the year, did the organization solicit 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 collectionEscrow 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 Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
includedonForm990, PartX? [:]Yes I: No
If "Yes, explain the arrangement in Part and complete the following table:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount
1c
1d
9 DistributionsduringtheyearDid the organization include an amount on Form 990, PartX, line 21,for escrow or custodial account liability? Yes No
If ?Yes." explain the arrangement in Part Check here if the explanation has been provided on Part .

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
Current year Prior year Two years back Three years back Four years back
1a Beginning of year balance .
Contributions. . .
Net investment earnings gains
and losses .
Grants or scholarships.
Other expenditures for facilities
and programs . .
Administrative expenses . .
9 End ofyearbalance. . . . 
2 Provide the estimated percentage of the current year end balance (line 1g, column held as:
a Board designated or quasi? e?ndowment 
Permanent endowment 
Temporarily restricted endowment 

The percentages on lines 2a, 2b, and 2c should equal 100%.
3a Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:
unrelated organizations .
(ii) related Organizations.
If ?Yes" on line 3a(ii) are the related organizations listed as required on Schedule 
4 Describe in Part the intended uses of the organization? 3 endowment funds.
Land, Buildings, and Equipment.
Complete if the org?nization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Description of property Cost or other basis Cost or other Accumulated Book value
(investment) basis (other) depreciation
1a Land. 
Buildings. . 0 
Leasehold improvements. 0 
Equipment . . . . . . . . . . 
Other. . . . 0 
Total. Add lines 1a through 1e. (Column must equal Form 990, PartX, column LLline 100. . 

 

Schedule (Form 990) 2017

Schedule 0 {Form 990) 2017 Freedom and Opportunity Fund 81-1199959 Page 3

Investments?Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 1113. See Form 990, Part X, line 12.

Description of security or category Book value Method of valuation:
(including name of security) Cost or end-of?year market value

 

 

(1) Financial derivatives . . . . . . . . . . . 0
(2) Closely-held equity interests . . . . . . . . 0
(3) Other 

 

 

 

 

 

 

 

 

 

 

(H)
Total. (Column must equal Form 990, PartX, col. (B) line 12.) 
Investments?Program Related.
Com lete if the anization answered "Yes" on Form 990 Part IV line 110. See Form 990 Part line 13.

(in) Book value Method of valuation:
Cost or end-of?year market value

 

 

 

 

 

 

    

 

Description of investment

must Form PartX, col. line 1 

Other Assets.
ete if the anization answered "Yes" on Form 990 Part iV line 11d. See Form 990 Part line 15.
Description Book value

  

Total. Column must uaIFoerQO Part col. Blin915Other Liabilities.
Complete if the organization answered "Yes" on Form 990, Part IV, line He or 11f. See Form 990, Part X,
line 25.

1 Description of liability Book value

1 Federal income taxes

9
Total. must Form 990 Part col. line 25. 0
2. Liability for uncertain tax positions. In Part Xtil, provide the text of the footnote to the organization's ?nancial statements that reports the
organization's liability for uncertain tax positions under FIN 48 (ASC 7'40). Check here ifthe text of the footnote has been provided in Part 

 

 

Schedule 0 (Form 990) 2017

Schedule (Form 990) 2017 Freedom and Opportunity Fund 81-1199959 Page 4
Part XI 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 ?nancial statements .
2 Amounts included on line 1 but not on Form 990, Part line 12:

a Net unrealized gains (losses) on investments . . . . . . . . . . . . . 2a

Donated services and use of facilities . . . . . . . . . . . . . . . . 2b

0 Recoveries of prior year grants . . . . . . . . . . . . . . . . . . . 2c

Other (Describe in Part . . . . . . . . . . . . . . . . . . . . 2d

Add lines 2a through 2d. 0
3 Subtract line 2e from line 1 . 
4 Amounts included on Form 990, Part line 12, but not on line 1:

a Investment expenses not included on Form 990, Part line Other (Describe in Part . . . . . . . . . . . . . . . . . . . . 41)

Addlines4aand4b. 4c 0
5 Total revenue. Add [ines3 and 4c. (This must equal Form 990, PartI line 12.). . . . . . 5 

Reconciliation of Expenses per Audited Financial Statements With Expenses per Return.
Complete if the organization answered "Yes" on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements .
Amounts included on line 1 but not on Form 990, Part IX, line 25:

a Donated services and use of facilities . . . . . . . . . . . . . . . . 2a

Prior year adjustments . . . . . . . . . . . . . . . . . . . . . . 2b

Other lossesOther (Describe' In Part . . . . . . . . . . . . . . . . . . . 2d

Add lines 2a through 2d. 0
3 Subtract line 2e from line 1.. . 0
4 Amounts included on Form 990, Part IX, line 25, but not on mline 1:

a Investment expenses not included on Form 990, Part line Other (Describe in Part . . . . . . . . . . . . . . . . . . . . 4b

Add lines 4a and 4b. . 
5 Total expenses Add lines3 and 4c. (This must equal Form 990, PartI line 18 I. 0

 

 

 

 

Supplemental Information.
Provide the descriptions required for Part II, lines 3, 5, and 9; Part 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.

 

Schedule (Form 990) 2017

Schedule (Form 990) 2017 Freedom and OpportunitLFund 81-1199959 Page 5
Part Supplemental Information (continued)

 

Schedule (Form 990) 2017

SCHEDULE Grants and Other Assistance to Organizations, 
(Form 990) Governments, and Individuals in the United States
Complete if the organization answered "Yes" on Form 990, Part IV, line 21 or 22.
Department (We Treasury Attach to Form 990. Open to Rublic
internal Revenue Service Go to for the latest information. Inspection
Name of the organization Employer identification number
Freedom and Opportunity Fund 81-1199959
Part General Information on Grants and Assistance
1 Does the organ zation maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection cr riteria used to award the grants or assistanceDescribe in Part the organ nization' procedures for monitoring the use ofgrant funds in the United States.
Part II Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form
990, Part IV, line 21, for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed.
Method of valuation

1 Name and address of organization Em (C) IRC section Amount of cash Amount ofnon? (book FMV a raisal (9) Description of Purpose of grant
or government if applicable grant cash assistance other)pp noncash assistance or assistance

 

 

 

 

 

i1) 60 Plus Association General support

515 King St Ste 315 Alex xan dria, VA 22 54?1564919 50104 60,000
(2) American Committment General support

1155 15th St NW Ste 900 Washington 81?2956518 501c4 107.500
(3) Center for Indivudual Freedom General support

815 King St Ste 303 Alexandria, VA 22 54-1916980 501c4 325,500
(4) Consumers Action for a Strong Ecc General support

2221 South Clark St Arlington, VA 222 81?4138103 501 04 7,500
(5) Conservative Action Network General support

3595 RR 620 South N0 200 Austin, TX 81-2956944 501c4 500,000
(6) Free Our Internet General support

405 North King Street, Suite 500 WIlm 82-1176618 50104 88,692
(7) Freedom Works General support

111 St NE Ste 600 Washington, DC 52?1 526916 50103 100,000
(3) Hispanic Leadership Fund General support

1200 St NW Ste 800 Washington, 26-2383617 501c4 15,000
(9) Independent Women's Voice General support

1845 St NW Ste 500 Washington, DC 36-4534086 501c4 2,000,000
319). General support
2 Roosevelt Ave Port Jefferson Statior 81-4886398 501c4 500,000
(11) National Black Chamber of Comma General support

4400 Jennifer St NW Ste 331 Washino 35?1889294 50103 15,000
General sunport
1861 Internationla Dr St 200 McLean 84-0960471 50103 25,000

2 Entertotal number of section 501(c)(3) and government organizations listed in the line 1 table . . . . . . . . . . . . . . . . . . . . . . . 

For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule I (Form 990) (2017)
HTA

Freedom and Opportunity Fund 81-1199959

Schedule I (Form 990) (2017)
Part Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part can be duplicated if additional space is needed.

Type of grant or assistance Number of Amount of Amount of Method of valuation (book. Description of noncash assistance
recipients cash grant noncash assistance MV. appraisal, other)

Page 2

 

 

 

 

 

 

 

 

 

 

 

 

 

7
Part IV Supplemental Information. Provide the information required in Part I, line 2; Part column and any other additional information.

 

Battltinaamss[entaaraaytardsq steaming 
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Schedule (Form 990) (2017)

Continuation Sheet for Schedule (Form 990)

Name of the organization

Freedom and Opportunity Fund
Part II Continuation of Grants and Other Assistance to Governments and Organizations in the United States

 

Page of 1

Em ployer identification num ber

 

. . . . Method of valuation
Name and address of organization EIN IRC section If Amount of cash Amount of non (book, FMV, appraisal,

or government applicable grant cash assistance other)

(9) Description of
non?cash assistance

Purpose of grant
or assistance

 

(13) Retire?qfs A
1616 St NW Ste 902 Washington, DC 2000 48-1 108059 501c4 32,500

General support

 

(14) ELOEPILQQ A'Jiill?ie. 
1401 St NW Ste 502 Washington, DC 2000: 812132166 501c3 30,000

General support

 

 

 

 

(13)

 

(19)

 

(20)

 

(21)

 

(22)

 

(23)

 

(24)

 

(25)

 

(26)

 

 

 

 

 

 

 

 

 

 

 

Continuation Sheet for Schedule I (Form 990) Page 1 of

Name of the organization Employer identification number

Freedom and Opportunity Fund 81-1199959
Part Continuation of Grants and Other Assistance to Individuals in the United States

 

Type of grant or assistance Number of Amount of Amount of Method of valuation (book, Description of non-cash assistance
recipients cash grant non-cash assistance appraisal. otherSCHEDULE 0 Supplemental Information to Form 990 or 990-EZ 
(Form 990 or 990-EZ) Complete to provide information for responses to specific questions 0n
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ. Open to Pub?c
Go to for the latest information. inspection
Wtion Employer identification number

Freedom and Opportunity Fund 81-1199959

 

 

 

miseiqngfibs 9r9@_r1i_z_et_i9_n_is__t9_ 

[timidLanded?qeisemsriqeni 9.0 
andfree, 90162321192- 
9??r9129?1?p20?2?9f 
299:9 






mientielgqn?iqte .01 intense,- 
_E9rm_99_Q.__P_e3 
mithhiaysai- 

Mtg; 


the fund balance is due to a book reconciliation at the end of 2017.

 

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule 0 (Form 990 or 990-EZ) (2017)
HTA

Schedule 0 (Form 990 or 990-EZ) (2017) Page 2
Name of the organization Employer identification number

Freedom and Opportunity Fund 81?1199959

 

 

Schedule 0 (Form 990 or 990-EZ) (2017)

    
   

OMB No. 1545-0047

2?17

SCHEDULE . . .
(Form 990) Related Organizations and Unrelated Partnerships

  

Complete if the organization answered "Yes" on Form 990, Part lV, line 33, 34, 35b, 36, or 37.
Department of the Treasury AttaCh to Form 990' Open to 
Internei Revenue Service Go to for instructions and the latest information. Inspection
Name of the organization Employer identification number

Freedom and Opportunity Fund 81?1199959
Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(C) (Oil (6) if)

Name, address, and EIN (if applicable) of disregarded entity Primary activity Legal domicile (state Total income End-of-year assets Direct controlling
or foreign country) entity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Part II 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.

(3) (C) (9)
Name, address, and EIN of related organization Primary activity Legal domicile (state Exempt Code section Public charity status Direct controlling Section 512(b)(13)

or foreign country) (if section 501(c)(3)) entity controlled
entity?

 

 

Yes No

 

Public Charity
8300 Boone Blvd, 5th Floor Wienna, VA 22182 VA 501 4 

2010 Corporate Ridge Dr, Ste. 700 McLean, VA 22102 VA 501 4 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule (Form 990) 2017
HTA

Schedule (Form 990) 2017



Freedom and Opportunity Fund

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.

81 -1 199959

Page 2

 



Name. address, and EIN of

related organization



Primary activity

(Cl
Legal
domicile
(state or
foreign
country)


Direct controlling
entity

(6)
Predominant
income (related,
unrelated,
excluded from
tax under

Share of total
income

(fl (9)

year assets

Share of end-of-


Disproportionate
allocations?

0)
Code 
amount in box 20
of Schedule K-1
(Form 1065)


General or
managing

partner?

?0
Percentage
ownership

sections 512-514)

 

 

Yes No Yes No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.
lb) (6) if) to) 
Name, address. and EIN of related organization Primary activity Legal domicile Direct controlling Type of entity Share of total Share of Percentage Section 512(b)(13)
(state orforeign country) entity (C corp, corp, or trust) income end-of-year assets ownership controlled
entity?

Yes No

 

 

 



 

at?) 

 



 

-114) 

 



 



 



 

 

 

 

 

 

 

 

 

 

Schedule (Form 990) 2017

Schedule (Form 990) 2017



Note:

1

Inna-ca: 

x_E=o

9.

Freedom and Opportunity Fund

Complete line 1 if any entity is listed in Parts II, or IV of this schedule.

During the tax year did the organization engage in any of the following transactions with one or more related organizations listed in Parts 
Receipt of (I) interest (ii) annuities royalties or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . .

Gift, grant, or capital contribution to related organization(Gift, grant, or capital contribution from related organization(Loans or loan guarantees to orfor related organization(Dividends from related organization(Sale of assets to related organization(Purchase of assets from related organization(Exchange of assets with related organization(sLease of facilities, equipment or other assets to related organizationLease of facilities, equipment, or other assets from related organizationPerformance of services or membership or fundraising solicitations for related organization(Performance of services or membership or fundraising solicitations by related organization(s) .

Sharing of facilities, equipment, mailing lists, or other assets with related organization(Sharing of paid employees with related organization(Reimbursement paid to related organization(s) for expenses .
Reimbursement paid by related organization(s) forexpensesOther transfer of cash or property to related organization(s). .
Other transfer of cash or property from related organization(s81-1199959

Page 3

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Yes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.

 

lb)
Transaction
type 

(6)

Amount involved



Name of related organization


Method of determining
amount involved

 

(1) BH Fund 

400,000

n/a

 

(2)

 

(3)

 

(4)

 

(5)

 

(5)

 

 

 

 

Schedule (Form 990) 2017

Schedule (Form 990) 2017 Freedom and Opportunity Fund 81-1199959 Page 4

Part VI Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

 

Provide the following 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 exclusion for certain investment partnershipsii) (J) 

Name, address, and EIN of entity Primary activity Legal domicile Predominant Are all partners Share of Share of DiSpmpOIrlionate Code General or Percentage
(state or foreign income (related section total income end-of-year allocat'ons'? amount in box 20 managing ownership
country) unrelated, excluded 501(c)(3) assets of Schedule partner?
from tax under organizations? (Form 1065)
sections 512-514Schedule (Form 990) 2017

Schedule (Form 990) 2017 Freedom and Opportunity Fund 81-1199959 Page 5

rtVlI Supplemental Information.
a Provide additional information for responses to ?estions on Schedule R. See instructions.

 

 

Schedule (Form 990) 2017