Final Audit Report of the 

Commission on Freedomworks 

for America 

(July 15, 2011 - December 31, 2012) 

Why the Audit 

Was Done 

Federal law permits the 

Commission to conduct 

audits and field 

investigations of any 

political committee that is 

required to file reports 

under the Federal 

Election Campaign Act 

(the Act). The 

Commission generally 

conducts such audits 

when a committee 

appears not to have met 

the threshold 

requirements for 

substantial compliance 

with the Act.' The audit 

determines whether the 

committee complied with 

the limitations, 

prohibitions and 

disclosure requirements 

of the Act. 

About the Committee (p. 2) 

Freedomworks for America is a nonconnected, independent 

expenditure-only committee headquartered in Washington, DC. 

For more information, see the chart on Conunittee Organization, 

p. 2. 

Financial Activity (p. 2) 

• Receipts 

o Contributions from Individuals 

o Contributions from Other 

Political Committees 

o Offsets to Operating 

Expenditures 

Total Receipts 

• Disbursements 

o Independent Expenditures 

o Operating Expenditures 

o Other Disbursements 

Total Disbursements 

$ 23,447,457 

88,550 

43,248 

S 23,579,255 

$ 19,632,370 

2,921,264 

63;928 

$ 22,617,562 

Commission Finding (p. 3) 

Based upon a limited examination of the statements and reports 

filed, and the records presented by Freedomworks for America, 

no material non-compliance was discovered. 

52 U.S.C. §30111(b). 
Final Audit Report of the 

Commission on Freedomworks 

for America 

(July 15, 2011 - December 31, 2012) 
Table of Contents 

Page 

Part I. Background 

Authority for Audit 1 

Scope of Audit 1 

Part 11. Overview of Committee 

Committee Organization 2 

Overview of Financial Activity 2 

Part III. Commission Finding 3 
Part I 

Background 

Authority for Audit 

This report is based on an audit of Freedomworks for America, undertaken by the Audit 

Division of the Federal Election Commission (the Commission) in accordance with the 

Federal Election Campaign Act of 1971, as amended (the Act). The Audit Division 

conducted the audit pursuant to 52 U.S.C. §30111(b), which permits the Commission to 

conduct audits and field investigations of any political committee that is required to file a 

report under 52 U.S.C. §30104. Prior to conducting any audit under this subsection, the 

Commission must perform an internal review of reports filed by selected committees to 

determine if the reports iiled by a particular committee meet the threshold requirements 

for substantial compliance with the Act. 52 U.S.C. §30111(b). 

Scope of Audit 

Following Commission-approved procedures, the Audit staff evaluated various risk 

factors and as a result, this audit examined: 

1. the consistency between reported figures and bank records; 

2. the disclosure of individual contributors' occupation and name of employer; 

3. the disclosure of independent expenditures; 

4. the disclosure of debts and obligations pertaining to independent expenditures; 

5. the completeness of records; and 

6. other committee operations necessary to the review. 
Part II 

Overview of Committee 

Committee Organization 

Important Dates 

• Date of Registration July 15,2011 

• Audit Coverage July 15,2011 - December 31,2012 

Headquarters Washington, DC 

Bank Information 

• Bank Depositories One 

• Bank Accounts Two checking 

Treasurer 

• Treasurer When Audit Was Conducted R. Russ Walker (1/28/14 - 8/19/14) 

Matt Kibbe (8/20/14 - 1/29/15) 

James A. Cardillo (1/30/15 - 6/9/15) 

Cabell Hobbs (6/10/15 - 8/25/15) 

Melodie Johnson (8/26/15 - 5/19/16) 

Paul Kilgore (5/20/16 - present) 

• Treasurer During Period Covered by Audit R. Russ Walker (7/15/11 - 9/5/11) 

Ryan Hecker (9/6/11 -12/31/12) 

Management Information 

• Attended FEC Campaign Finance Seminar Yes 

• Who Handled Accounting and. 

Recordkeeping Tasks 

Paid Staff 

Overview of Financial Activity 

Cash-on-hand ® July 15,2011 SO 

Receipts 

o Contributions from Individuals 23,447,457 

o Contributions from Other Political 

Committees 88,550 

o Offsets to Operating Expenditures 43,248 

Total Receipts $ 23,579,255 

Disbursements 

o Independent Expenditures 19,632,370 

o Operating Expenditures 2,921,264 

o Other Disbursements 63,928 

Total Disbursements $ 22,617,562 

Cash-on-hand @ December 31,2012 $ 961,693 
Part III 

Commission Finding 

Based upon a limited examination of the statements and reports filed, and the records 

presented by Freedoinworks for America, no material non-compliance was discovered.