Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
99 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
3 people listed on the 990; $126K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2022 |
|---|---|---|
| Paul Jacob | $126,000 | $88,200 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Liberty Initiative Fund executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Advocates for citizen initiatives to protect freedom and government accountability.
Questions for Liberty Initiative Fund
Your first name shows with your question. Liberty Initiative Fund answers here, for everyone.
In 2023, liberty initiative fund worked with an arizona political committee to activate support for two ballot measures - back the blue and kids are not for sale - which the legislature placed on the 2024 ballot as propositions 311 and 313.LIBERTY initiative fund also worked with citizen-only voting activists and state legislators to…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $32K | $45K |
| Total assetsLn 16 | $667K | $678K |
| LiabilitiesLn 26 | $89K | $121K |
| Net assetsLn 32 | $577K | $556K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $453K | $453K | ||
| Pay of current officers, directors and key staffLn 5 | $126K | $126K | ||
| Other salaries and wagesLn 7 | $170K | $170K | ||
| Pension plan contributionsLn 8 | $10K | $10K | ||
| Other employee benefitsLn 9 | $43K | $43K | ||
| Payroll taxesLn 10 | $23K | $23K | ||
| Legal feesLn 11b | $48K | $32K | $16K | |
| Accounting feesLn 11c | $28K | $6K | $22K | |
| Lobbying feesLn 11d | $142K | $142K | ||
| Other fees for servicesLn 11g | $2.4M | $2.4M | $372 | |
| Advertising and promotionLn 12 | $178K | $178K | $275 | |
| Office expensesLn 13 | $55K | $53K | $2K | |
| Information technologyLn 14 | $12K | $12K | $136 | |
| TravelLn 17 | $53K | $53K | $99 | |
| Conferences, conventions and meetingsLn 19 | $3K | $3K | ||
| InsuranceLn 23 | $8K | $8K | ||
| Other expenses (24a–d)Ln 24 | $32K | $32K | ||
| Total functional expensesLn 25 | $3.8M | $3.8M | $49K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 | $3.9M | $3.8M | $124K | $556K | 990 PDF |
| FY2023Filed with the IRS Nov 13, 2024 | $3.1M | $1.8M | $1.3M | $577K | 990 PDF |
| FY2022Filed with the IRS Nov 15, 2023 | $2.3M | $5.2M | −$2.9M | −$678K | 990 PDF |
| FY2021Filed with the IRS Nov 14, 2022 | $3.2M | $2.1M | $1.1M | $2.3M | 990 PDF |
| FY2020Filed with the IRS Dec 7, 2021 | $902K | $813K | $89K | $1.2M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $3,948,244 revenue, 12 lines filed
Part VI · Governance 3 of 3 board members independent, 2 to look at
Part VIII · Statement of revenue $3,948,244 across 4 lines filed
Part IX · Statement of functional expenses $3,824,685 across 17 lines filed
Part X · Balance sheet $677,687 assets, 10 lines filed
Part XI · Reconciliation of net assets $556,277 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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