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Liberty Initiative Fund

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Summary charts: organization finances over time

Revenue
$3.09M (2023)

Expenses
$1.83M (2023)

Total Assets
$522k (2023)

Total Liabilities
−$55.7k (2023)

Years with missing data
Source: Form 990 tax filings from 2013 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,086,123
Expenses
$1,830,414
Net Income
$1,255,709
Net Assets
$577,465
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,086,123
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $521,754
Total Liabilities -$55,711
Net Assets $577,465
Compensation
Key Employees and Officers Compensation Related Other
Paul Jacob (President) $0 $0 $0
Frank Gilbert (Treasurer) $0 $0 $0
Scott Tillman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,267,074
Expenses
$5,209,973
Net Income
-$2,942,899
Net Assets
-$678,244
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,267,074
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $88,200
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $51,250
1.0%
Assets/Debt
Total Assets $8,535
Total Liabilities $686,779
Net Assets -$678,244
Compensation
Key Employees and Officers Compensation Related Other
Paul Jacob (President) $88,200 $58,800 $35,589
Frank Gilbert (Treasurer) $0 $0 $0
Scott Tillman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,241,019
Expenses
$2,141,525
Net Income
$1,099,494
Net Assets
$2,264,655
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,241,019
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,339,095
Total Liabilities $74,440
Net Assets $2,264,655
Compensation
Key Employees and Officers Compensation Related Other
Paul Jacob (President) $0 $137,000 $0
Frank Gilbert (Treasurer) $0 $0 $0
Scott Tillman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$901,868
Expenses
$812,960
Net Income
$88,908
Net Assets
$1,165,161
Notable Sources of Revenue Percent of Total Revenue
Contributions $901,868
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,165,161
Total Liabilities $0
Net Assets $1,165,161
Compensation
Key Employees and Officers Compensation Related Other
Paul Jacob (President) $0 $123,000 $36,328
Frank Gilbert (Treasurer) $0 $0 $0
Scott Tillman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$281,330
Expenses
$21,321
Net Income
$260,009
Net Assets
$680,050
Notable Sources of Revenue Percent of Total Revenue
Contributions $281,330
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $680,050
Total Liabilities $0
Net Assets $680,050
Compensation
Key Employees and Officers Compensation Related Other
Paul Jacob (President) $0 $72,870 $4,310
Frank Gilbert (Treasurer) $0 $0 $0
John Tillman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$486,854
Expenses
$219,330
Net Income
$267,524
Net Assets
$420,041
Notable Sources of Revenue Percent of Total Revenue
Contributions $479,854
98.6%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,000
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $420,041
Total Liabilities $0
Net Assets $420,041
Compensation
Key Employees and Officers Compensation Related Other
Paul Jacob (President) $0 $0 $0
Frank Gilbert (Treasurer) $0 $0 $0
John Tillman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$32,695
Expenses
$210,636
Net Income
-$177,941
Net Assets
$152,517
Notable Sources of Revenue Percent of Total Revenue
Contributions $17,695
54.1%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $15,000
45.9%
Assets/Debt
Total Assets $155,019
Total Liabilities $2,502
Net Assets $152,517
Compensation
Key Employees and Officers Compensation Other
Paul Jacob (President) $54,337 $0
Frank Gilbert (Treasurer) $0 $0
John Tillman (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$666,000
Expenses
$542,865
Net Income
$123,135
Net Assets
$330,458
Notable Sources of Revenue Percent of Total Revenue
Contributions $666,000
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $330,458
Total Liabilities $0
Net Assets $330,458
Compensation
Key Employees and Officers Compensation Related Other
Paul Jacob (President) $0 $139,233 $0
Frank Gilbert (Treasurer) $0 $0 $0
Michael Dunmire (Secretary) $0 $0 $0
John Tillman (Vice Preside) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,091,500
Expenses
$979,760
Net Income
$111,740
Net Assets
$207,323
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,091,500
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $242,357
Total Liabilities $35,034
Net Assets $207,323
Compensation
Key Employees and Officers Compensation Related Other
Paul Jacob (President) $0 $138,258 $0
John Tillman (Vice Preside) $0 $66,221 $0
Frank Gilbert (Treasurer) $0 $0 $0
Michael Dunmire (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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