2019-11-15T10:05:38-06:00 2018-12-31 363990892 Capin Crouse LLP 1330 Avenue of the Americas Suite 23A New York NY 10019 990 2018-01-01 521527294 Americans for Prosperity Foundation AMER 7032243200 1310 N Courthouse Rd No 700 Arlington VA 22201 Victor E Bernson Jr Secretary, VP 7032243200 2019-11-15 1 Ted R Batson Jr P00721951 2126530681 139.146.132.42 2019-11-15 11:05:24 ES P B16BCD433360B9F7188986CDA63B1CA63A869FCF 264AFE37330054C0E1C54764B499BC605E773665 2018 2020-04-17 16:48:07Z Emily Seidel 1310 N Courthouse Rd No 700 Arlington VA 22201 17933099 0 X www.americansforprosperityfoundation.org X 1987 DE Educate US persons to increase awareness about a free economy 4 4 85 113 0 0 17660453 17070811 249769 158577 38893 51015 0 0 17949115 17280403 284100 43850 0 0 10178717 8592093 0 0 254183 9829978 10200222 20292795 18836165 -2343680 -1555762 10157247 7842841 5244121 4485477 4913126 3357364 Educate US persons to increase awareness of the operation and value of a free economy. 0 0 13342324 158577 National office - educate the American Public to increase awareness of the federal government's impact on the operation and value of a free economy. 1436310 43850 State chapters - educate the American Public to increase awareness of state government impact on the operation and value of a free economy. 14778634 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 1 X 124 0 1 85 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 1 0 0 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 AK AL AR AZ CA CT CO DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY X Alex Varban 7032243200 1310 N Courthouse Rd No 700 Arlington VA 22201 Mark Holden Chairman 2.00 X 0 0 0 David Koch Chairman (part year) 2.00 X 0 0 0 Nancy Pfotenhauer Director 2.00 2.00 X 0 0 0 Cy Nobles Director 2.00 X 0 0 0 Dr Walter Williams Director 2.00 X 0 0 0 Emily Seidel President & Chief Executive Officer 15.00 35.00 X 199096 464556 35553 Christopher Fink President (part year) 50.00 X 24709 0 4292 Gary Castellaw Treasurer, VP of Financial Planning 2.00 2.00 X 0 0 0 Robert Heaton Treasurer (part year) 2.00 2.00 X 0 0 0 Josh Fisher Treasurer (part year) 2.00 2.00 X 0 0 0 Victor Bernson Secretary, VP & General Counsel 15.00 35.00 X 76907 179449 25093 Chase Downham Sr. VP State Ops & Grassroots Strat. 15.00 35.00 X 97167 226724 32613 Teresa Oelke Senior VP of State Ops. (part year) 15.00 35.00 X 45283 105662 17628 Slade O'Brien VP, Grassroots Leadership 45.00 5.00 X 223241 24805 41229 David Johnson Sr. Director of Training/Cir. Dev. 45.00 5.00 X 164250 18250 27911 Daniel Garza Executive Director 15.00 35.00 X 85249 198913 18899 Jorge Lima Senior VP of Policy 15.00 35.00 X 84592 197384 43362 Brent Gardner VP/Government Affairs 15.00 35.00 X 96562 225311 24316 1097056 1641054 270896 9 0 1 0 IPO 2300 Wilson Blvd Ste 500 Arlington VA 22201 Media Services 1546848 Quinn Emmanuel Urquhart & Sullivan 865 S Figueroa St 10th Fl Los Angeles CA 90017 Legal Services 290082 Westgate Las Vegas Resort Casino 3000 Paradise Road Las Vegas NV 89109 Conference Services 160167 3 X 17070811 652696 17070811 Program Service Charge 900099 158577 158577 158577 52658 52658 651053 652696 -1643 -1643 -1643 17280403 158577 0 51015 43850 43850 481223 421074 48624 11525 35061 27935 5122 2004 6627909 6103212 406318 118379 174087 114589 51434 8064 794213 523106 234291 36816 479600 423084 43337 13179 556215 28 556187 35700 35700 1396382 297694 1098261 427 2270072 2270072 592151 354032 231912 6207 33395 30893 2352 150 1346909 571391 741037 34481 3194729 2948723 229771 16235 726087 612841 108214 5032 27426 19410 6833 1183 Membership Dues 16091 15654 437 Taxes, licenses, fees 5065 1046 3955 64 18836165 14778634 3803348 254183 X 1366632 738134 7566497 6059775 150304 360086 827805 209289 1176823 1109609 110994 67214 135015 408343 10157247 7842841 822711 1534739 4421410 2950738 5244121 4485477 X 3307086 2288794 1606040 1068570 4913126 3357364 10157247 7842841 -1555762 0 X X 0 1 X 1 0 X 21461641 20108429 25147503 17660453 17070811 101448837 21461641 20108429 25147503 17660453 17070811 101448837 7238206 94210631 1417 17117 52658 71192 101520029 6424021 0.92800 0.92360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 18836165 18836165 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 Form 990, Schedule C The organization has an election under section 501(h) in effect, however it did not have any lobbying expenditures during the tax year ended 12/31/18. 134735 103031 31704 688726 653243 35483 353362 353335 27 67214 Deposits 121119 Due from subsidiary 287224 408343 Due to subsidiary 914392 Deferred rent 2036346 2950738 1 John K Maclver Institute For Public Policy 44 Mifflin Street Ste 201 Madison WI 53703 262639114 501(c)(3) 25000 Program Support SM Wright Foundation 9213 Sovereign Row Dallas TX 75247 311613179 501(c)(3) 16000 Program Support 2 0 Part I, Line 2: Grant funds were paid pursuant to an agreement requiring the recipient to expend the funds exclusively for 501(c)(3) purposes and may require the grantee to furnish a report to the organization describing the charitable activities in connection with the organization's programs fulfilled by the use of the grant funds. The organization reviews the recipient's Form 990, IRS tax-exemption letter, articles of incorporation, by-laws, and validates the recipient's tax ID #. X 1 1 X X X X 1 0 0 0 0 0 0 1 0 Emily Seidel President & Chief Executive Officer 71560 166972 127500 297500 36 84 1509 3522 9293 21684 209898 489762 0 0 Victor Bernson Secretary, VP & General Counsel 64824 151256 12000 28000 83 193 4641 10828 3024 7055 84572 197332 0 0 Chase Downham Sr. VP State Ops & Grassroots Strat. 55138 128657 42000 98000 29 67 2803 6540 7111 16592 107081 249856 0 0 Teresa Oelke Senior VP of State Ops. (part year) 26131 60974 0 0 19152 44688 1624 3790 3725 8691 50632 118143 0 0 Slade O'Brien VP, Grassroots Leadership 146277 16253 76500 8500 464 52 13770 1530 23701 2633 260712 28968 0 0 David Johnson Sr. Director of Training/Cir. Dev. 118804 13200 45000 5000 446 50 495 4452 2331 20978 167076 43680 0 0 Daniel Garza Executive Director 59666 139220 25500 59500 83 193 0 0 5807 13549 91056 212462 0 0 Jorge Lima Senior VP of Policy 53060 123808 31500 73500 32 76 5220 12180 7918 18475 97730 228039 0 0 Brent Gardner VP/Government Affairs 59030 137735 37500 87500 32 76 4581 10689 2851 6652 103994 242652 0 0 Part I, Line 1a First class travel may be provided if there are last minute flight changes or there is no other available travel alternative. All travel is for a bona fide business purpose. Part I, Line 4a Teresa Oelke, Senior VP of State Operations, received a separation of services payment in the amount of $63,750. Part I, Line 7 The organization pays out discretionary bonuses. IPO Controlled entity of substantial contributor, The Seminar Network 1546848 Fees paid for media services 0 Schedule L, Part IV Per the IRS instructions, a 35% controlled entity of a substantial contributor is required to be disclosed on Schedule L, Part IV. Therefore, IPO has been included in accordance with the instructions. X 4 652696 Selling price 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part V, Line 2a, Part VII, Part IX, Lines 5-10 and Schedule J Certain employees of Americans for Prosperity Foundation may perform services for Americans for Prosperity, a related organization, through a service contract between the organizations where the service recipient organization pays the service provider organization arm's length payments for such services; and certain employees of Americans for Prosperity may perform services for Americans for Prosperity Foundation through a service contract between the organizations where the service recipient organization pays the service provider organization arm's length payments for such services. To reflect the service arrangement, compensation has been shown in proportion to the hours provided by respective organization employees in proportion to the hours performed for each organization through the service contracts and aggregate compensation amounts are reported on the employees' Form W-2 issued by his or her employer. Form 990, Part VI, Section A, line 4 The bylaws were updated to reflect the organization's name as changed through resolution in a previous filing year. Board member requirements and officer descriptions were also updated. Form 990, Part VI, Section A, line 7a The members have the right to elect and remove the directors of Americans for Prosperity Foundation. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm. The Treasurer and General Counsel review in detail Form 990 prior to sending to the board. The 990 is then distributed to the audit committee, acting on behalf of the board for review and questions prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The organization has in place a conflict of interest policy covering all staff, directors and officers that it monitors through the quarterly meetings of the Board of Directors' Audit Committee and an annual employee survey. Should a conflict be disclosed, it is addressed by company management or the board, as appropriate. Form 990, Part VI, Section B, line 15 Line 15a - The President & Chief Executive Officer's compensation is reviewed and approved by the board. Comparability data is used and this process is documented in the employee's personnel file. Line 15b - The President & Chief Executive Officer reviews compensation for officers and other key employees. Substantiation of compensation is included in personnel files. This process was last completed during the tax year for all officers of the organization. Form 990, Part VI, Section C, line 19 The organization makes available to the public documents required by law to be made publicly available in accordance with IRS procedures. Form 990, Part VIII, Line 7a/7b The organization has a policy whereby all contributed securities are immediately sold through the broker that receives those contributions on the organization's behalf. Form 990, Part X, Lines 27-29: In accordance with the principles of FASB ASU 2016-14 (ASC 958),the organization has implemented required changes to its audited financial statements for the period ended 12/31/18. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $2,288,794 Line 29 - Net assets with donor restrictions $1,068,570 Total net assets $3,357,364 Form 990, Part XII, Line 2c The organization's Audit Committee assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Americans for Prosperity 1310 N Courthouse Rd Ste 700 Arlington VA 22201 753148958 Educate and mobilize citizens DC 501(c)(4) Americans for Prosperity Foundation 0 Capital Leaders Inc 220 Wilson Blvd Ste 102-533 Arlington VA 22201 473438079 Educate citizens DE 501(c)(3) Line 7 The Seminar Network Chamber of Commerce 0 The Seminar Network Chamber of Commerce 2300 Wilson Blvd Ste 500 Arlington VA 22201 453732750 Public eduation DE 501(c)(6) N/A 0 CAVHOCO INC 2200 Wilson Blvd Ste 500 Arlington VA 22201 463335308 Holding Company DE N/A C 0 DBLDBL INC 2300 Wilson Blvd Ste 500 Arlington VA 22201 463309110 Consulting DE N/A C 0 KNSLT INC 2200 Wilson Blvd Ste 500 Arlington VA 22201 463325739 Consulting DE N/A C 0 THOCO 2300 Wilson Blvd Ste 500 Arlington VA 22201 453147042 Holding Company DE N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 Americans for Prosperity N 1144335 Market Value Americans for Prosperity O 372501 Market Value Americans for Prosperity P 726692 Cost