Libertas Network FY2024 filing

Tax-deductible

Lehi, UT501(c)(3)Since 2011Public & Societal BenefitEIN 45-5254794Revenue $15.1M in FY2024

On file with the IRSlibertas.org2183 W Main St Ste A102, 84043-6761 · Lehi, UTTax-exempt since Apr 2013Publicly supported charity — 170(b)(1)(A)(vi)

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Libertas Network is a family-facing association of initiatives that change hearts, minds, and laws to create a freer future. We do this through educational materials, events, training, public policy research and education, and more.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$916K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $1.5M a year · 10% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$916K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $201K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.7M
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.1M
+4% vs prior year
Spent
$11.7M
To programs
83%
Net assets
$9.8M
By yearFY2020–FY2025
Revenue
$15.1M
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$9.1M
FY2021$14.4M
FY2022$13.9M
FY2023$14.4M
FY2024$15.1M
FY2025$23.0M
Expenses
$11.7M
FY2024▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.8M
FY2021$11.9M
FY2022$13.7M
FY2023$12.9M
FY2024$11.7M
FY2025$22.7M
Net assets
$9.8M
FY2024▲ +53%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$4.7M
FY2022$4.9M
FY2023$6.4M
FY2024$9.8M
FY2025$10.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $9.7M Management & general 9% · $998K Fundraising 8% · $984K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $916K paid to officers and key staff.

Part VII, Section A · reportable compensation
Trustee/Pres.
$226,250Pt VII · Sec A
Chief Mrktg. Off.
$194,300Pt VII · Sec A
Exec. Vice Pres
$148,250Pt VII · Sec A
VP of Partnersh
$127,746Pt VII · Sec A
Marketing Manager
$114,700Pt VII · Sec A
Policy Analyst
$104,700Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A

Chad Goote’s $248K as VP of Partnersh is at the 35th percentile of top reported officer pay among 232 $10–100M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Chad Goote$247,500$127,746————
Connor Boyack$237,575$226,250$192,500$168,500$130,500$100,000
Kenneth Lauher$208,705—————
Michael Melendez$201,150$148,250$122,500$116,833$93,166—
Chad Thomas$198,454$194,300————
Mark Cunningham$157,901—————
Master Chipman$122,825—————
Quentin Casperson—$114,700————

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.

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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 15aNo

Programs and updates

Promotes a freer future through education, events, training, and policy advocacy.

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Provided by the organization

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3 programs · $9.7M · in their own filed words · FY2024
01

The Tuttle Twins children's eductional publications

$5.9Mprogram expense
02

Children's Entrepreneur Market and other Small Programs

$2.4Mprogram expense
03

Public Policy Education

$1.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 4 funders$201K
See all 4 funders →
Grants paid · 13 grants · $260K · 2023–2025
Unitemized GrantFY2025$50,200
Unitemized GrantFY2024$67,250
Utah Education Fits AllUT · FY2024$10,000
Americas Future FoundationDC · FY2024$10,000
Better Cities ProjectNV · FY2023$25,000
The Buckeye InstituteOH · FY2023$15,000
Individual RecipientFY2023$15,000
Iowans for Tax ReliefIA · FY2023$15,000
Institute for Reforming GoverFY2023$15,000
Commonwealth FoundationFY2023$15,000
The James Madison InstituteFY2023$7,500
Rio Grande FoundationFY2023$7,500
Individual RecipientFY2023$7,500

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$15.1M
Ln 12
Fees for servicesLn 2g$7.6M
Gifts and grantsLn 1h$6.3M
Investment incomeLn 3$1.2M
Money outPt IX
$11.7M
Ln 25
Programscol B$9.7M
Managementcol C$998K
Fundraisingcol D$984K
Owns and owesPt X
$9.8M
net assets · Ln 32
Cash and savingsLn 1–2$4.2M
Total assetsLn 16$12.5M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
10
listed · VII A
PaidVII A6
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.3M
Fees for servicesLn 2g$7.6M
Investment incomeLn 3$1.2M
Gains on assetsLn 7$0
Total revenueLn 12$15.1M
Assets in detailPt X, end of year
CashLn 1$4.2M
SavingsLn 2$151
Cash and savings togetherLn 1–2$4.2M
InvestmentsLn 11–13$2.8M
Land, buildings, equipmentLn 10c$468K
Other assetsLn 15$3.4M
Total assetsLn 16$12.5M
LiabilitiesLn 26$2.7M
Net assetsLn 32$9.8M
OperationsPt I, VI
EmployeesI 572
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.4M$4.2M
InvestmentsLn 11–13$1.0M$2.8M
Land, buildings, equipmentLn 10c$500K$468K
Total assetsLn 16$9.0M$12.5M
LiabilitiesLn 26$2.6M$2.7M
Net assetsLn 32$6.4M$9.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20K$20K
Grants to domestic individualsLn 2$67K$67K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$502K$353K$29K$120K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$2.1M$1.5M$122K$496K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$67K$33K$25K$9K
Payroll taxesLn 10$251K$169K$28K$54K
Management feesLn 11a$0
Legal feesLn 11b$29K$15K$14K$120
Accounting feesLn 11c$80K$4K$77K
Lobbying feesLn 11d$15K$15K
Professional fundraising feesLn 11e$85K$85K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$1.4M$1.2M$123K$102K
Advertising and promotionLn 12$2.5M$2.5M$31K$4K
Office expensesLn 13$125K$74K$46K$5K
Information technologyLn 14$308K$195K$102K$12K
RoyaltiesLn 15$826K$826K
OccupancyLn 16$393K$245K$149K
TravelLn 17$206K$129K$23K$54K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$112K$107K$334$5K
InterestLn 20$0
Payments to affiliatesLn 21$13K$13K
Depreciation, depletion and amortizationLn 22$111K$111K
InsuranceLn 23$28K$21K$7K
Other expenses (24a–d)Ln 24$2.4M$2.3M$113K$38K
All other expensesLn 24e$0
Total functional expensesLn 25$11.7M$9.7M$998K$984K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $23.0M$22.7M$305K$10.0M 990 PDF
FY2024 Viewing $15.1M$11.7M$3.4M$9.8M 990 PDF
FY2023 $14.4M$12.9M$1.5M$6.4M 990 PDF
FY2022 $13.9M$13.7M$234K$4.9M 990 PDF
FY2021 $14.4M$11.9M$2.5M$4.7M 990 PDF
FY2020 $9.1M$7.8M$1.3M$2.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $15,071,425 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,206,822$6,326,833
I-9 Program service revenuePrior year $8,613,422$7,593,424
I-10 Investment incomePrior year $618,657$1,151,168
I-11 Other revenue$0
I-12 Total revenuePrior year $14,438,901$15,071,425
I-13 Grants and similar amounts paidPrior year $127,500$87,450
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,856,156$2,892,699
I-16a Professional fundraising feesPrior year $218,450$85,423
I-17 Other expensesPrior year $9,738,036$8,620,091
I-18 Total expensesPrior year $12,940,142$11,685,663
I-19 Revenue less expensesPrior year $1,498,759$3,385,762
Part VI · Governance 4 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $15,071,425 across 9 lines filed
VIII-1f All other contributions, gifts and grants$6,326,833
VIII-1h Total contributions, gifts and grants$6,326,833
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,593,424$7,593,424
VIII-3 Investment incomeRelated to mission $1,151,168$1,151,168
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $8,744,592$15,071,425
Part IX · Statement of functional expenses $11,685,663 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $20,200$20,200
IX-2 Grants to domestic individualsPrograms $67,250$67,250
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $352,613 · Management $29,458 · Fundraising $120,176$502,247
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $1,455,277 · Management $121,575 · Fundraising $495,980$2,072,832
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $32,796 · Management $25,152 · Fundraising $9,139$67,087
IX-10 Payroll taxesPrograms $169,417 · Management $27,508 · Fundraising $53,608$250,533
IX-11a Management fees$0
IX-11b Legal feesPrograms $14,802 · Management $13,648 · Fundraising $120$28,570
IX-11c Accounting feesPrograms $3,500 · Management $76,815$80,315
IX-11d Lobbying feesPrograms $15,000$15,000
IX-11e Professional fundraising feesFundraising $85,423$85,423
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $1,162,957 · Management $122,655 · Fundraising $101,906$1,387,518
IX-12 Advertising and promotionPrograms $2,509,623 · Management $30,556 · Fundraising $3,860$2,544,039
IX-13 Office expensesPrograms $74,183 · Management $45,553 · Fundraising $5,054$124,790
IX-14 Information technologyPrograms $194,516 · Management $101,754 · Fundraising $11,857$308,127
IX-15 RoyaltiesPrograms $826,392$826,392
IX-16 OccupancyPrograms $244,508 · Management $148,687$393,195
IX-17 TravelPrograms $128,530 · Management $22,942 · Fundraising $54,290$205,762
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $106,683 · Management $334 · Fundraising $4,577$111,594
IX-20 Interest$0
IX-21 Payments to affiliatesPrograms $13,185$13,185
IX-22 Depreciation, depletion and amortizationManagement $111,372$111,372
IX-23 InsurancePrograms $21,220 · Management $7,006$28,226
IX-24 Other expenses (24a–d)Programs $2,291,207 · Management $112,542 · Fundraising $38,257$2,442,006
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $9,703,859 · Management $997,557 · Fundraising $984,247$11,685,663
Part X · Balance sheet $12,539,647 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $2,431,958$4,152,997
X-2 Savings and temporary cash investmentsStart of year $150$151
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $3,117$281,696
X-8 Inventories for sale or useStart of year $1,363,502$1,295,722
X-9 Prepaid expenses and deferred chargesStart of year $21,043$130,108
X-10c Land, buildings and equipment, netStart of year $499,850$467,710
X-11 Publicly traded securitiesStart of year $389,887$444,816
X-12 Other securitiesStart of year $624,882$2,377,294
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $3,649,627$3,389,153
X-16 Total assetsStart of year $8,984,016$12,539,647
X-17 Accounts payable and accrued expensesStart of year $275,766$675,913
X-25 Other liabilitiesStart of year $2,281,377$2,051,099
X-26 Total liabilitiesStart of year $2,557,143$2,727,012
X-27 Net assets without donor restrictionsStart of year $6,426,873$9,812,635
X-32 Total net assets or fund balancesStart of year $6,426,873$9,812,635
X-33 Total liabilities and net assetsStart of year $8,984,016$12,539,647
Part XI · Reconciliation of net assets $9,812,635 net assets at year end
XI-1 Total revenue$15,071,425
XI-2 Total expenses$11,685,663
XI-3 Revenue less expenses$3,385,762
XI-4 Net assets at start of year$6,426,873
XI-10 Net assets at end of year$9,812,635

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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