Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
6 people listed on the 990-EZ; $204K paid to officers and key staff.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| George Wellde III | $186,500 | $270,000 | $201,000 | $180,000 | — |
| Emily Hsieh | $17,250 | $162,000 | $120,000 | — | — |
| George Wellde | — | — | — | — | $136,500 |
| Kevin Lo | — | $129,000 | — | — | — |
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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Programs and updates
Advocates for policies promoting freedom and opportunity for all Americans.
Questions for Article IV
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In 2024, our core team of cross-partisan advisors provided strategic support to various state reform campaigns aligned with our policy priorities and the vision of the Board. Our advisors played a crucial role in fostering collaborations with local stakeholders, advocacy groups, and political leaders.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990-EZ, line by line.
Download 990
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | 990 PDF | ||||
| FY2024 | $52.5M | $77.4M | −$24.9M | $3.5M | 990 PDF |
| FY2023 | $35.8M | $12.3M | $23.5M | $28.3M | 990 PDF |
| FY2022 | $10.9M | $8.3M | $2.6M | $4.8M | 990 PDF |
| FY2021 | $6.4M | $4.2M | $2.2M | $2.2M | 990 PDF |
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Schedules filed Part IV
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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Names, privacy, and removal requests More
The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.
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