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Return of Organization Exempt from Income Tax
Under section 501 (c), 527, or 4947(a)(1) of the Internal Revenue (except black lung benefit trust or private foundation) Code requirements
Open to Public Inspection EmployerIdentification Number
Department f theTreasury o InternalRevenue Service B CheckIf applicable Address change Namechange Initial return Finalreturn ~
~ The organization
may have to use a copy of this return to satisfy state reporting
Numberand street(or PObox If mall ISnot deliveredto streetaddr)
State ZIP code+ 4
• Section 501 (c)(3) organizations and 4947(a)(1) nonexempt charitable trusts must attach a completed Schedule A (Form 990 or 990-EZ).
H and I are not applicable to section 527 orqeruzetions
H (a) Is this a groupreturnfor affiliates?
[IYes Ll Yes
H (b) If 'Yes,"enternumberof affiliates~ H (C) Are all affiliatesIncluded?
(If 'No,"attacha list See mstrucnons
501 527 -__,_:.:.:.::..:.;_'-=-"""----=-'-'7I-'-1-------==--=-=-'-=-----=-----"'---'--'--'-'-''-"---==-_;_~"-'-'':..:.:.--'=''--'''=--1
Check here ~ If the organization's gross receipts are normally not more than $25,000. The organization need not ftle a return with the IRS; but If the organization received a Form 990 Package In the mall, It should file a return without financial data Some states require a complete return.
H (d) Is trus a separatereturnfiled by an
giftS, grants, and similar
a Direct public support b Indirect public support c Government contributions d Total (add lmes (cash $ 1a through1c) 2 3 4 5 Program service revenue Membership DIvidends (grants) noncash Including government
_ (from Part VII, line 93)
fees and contracts
dues and assessments cash Investments
Interest on savings and temporary Gross rents
and Interest from secunties
b Less' rental expenses c Net rental Income or (loss) (subtract 7 Other Investment Income (describe line 6b from line 6a) ~
Sa Gross amount from sales of assets other than Inventory b Less: cost or other basis and sales expenses c Gainor (loss) (attachschedule) d Net gain or (loss) (combine 9 Special events and activities a Gross revenue reported (not Including on line 1a) other than fundraismq expenses line 9b from line 9a) less returns and allowances line Be, columns (attach schedule) (A) and (8» If any amount IS from gaming, of contributions check here
b Less' direct expenses
c Net Income or (loss) from special events (subtract lOa Gross sales of Inventory, b Less 11 12
E X P E N E S
cost of goods sold
c Grossprofit or (loss) from sales of Inventory(attach schedule)(subtract line lOb from line lOa) Other revenue (from Part VII, line 103)
13 14 15
Net assets or fund balances Other changes 21 BAA For Privacy Net assets or fund balances Act and Paperwork
at beginning at end of Reduction
of year (from line 73, ne lines lB,
In net assets or fund balances
(attach explanation) and instructions. TEEA0101 01/07/05
Act Notice, see the separate
Do not Include amounts reported on line 6b, Bb, 9b, 70b, or 76 of Part I.
(B) Program services
Grants andalloeationsatt sch) ( (cash $
23 24 25
32 33 34 35 36 37 38 39 40
Specificassistanceo individuals sch) t (att Benefitspaidto or for members sch) (att Compensation officers,directors,etc of Other salaries and wages Pension plan contributions Other employee benefits Payroll taxes Professional fundrarsinq fees Accounting fees Legal fees Supplies Telephone Postage and shipping Occupancy Equiprnent rental and maintenance Printing and publications Travel Conferences, conventions, andmeetings Interest Depreciatron, depletion, tc(attachschedule) e Otherexpenses otcovered n above(Itemize)
If you are following SOP 98-2. Are any JOint costs from a combined educational campaign and fundrarsmq sohcrtatron reported In (B) Program services? Yes ~ No If 'Yes,' enter (i) the aggregate amount of these JOint costs $ , (ii) the amount allocated to Program services $ , (iii) the amount allocated to Management and general $ , and (iv) the amount allocated
exempt purpose? • TO EDUCATETHE COMMUNITY ABOUTDOMESTI exempt purpose achievements In clear and concise-manner:- State etc DISCUSS achievements that are not measurable. (Section 501 (c)(3) n('\"",,,'mr,t charitable trusts must also enter the amount of nts & allocations to
aTO EDUCATE MUSLIM AMERICANS ABOUT THEIR POLITICAL & CONSTITUTIONAL -----------------------------------------------------RIGHTS BY HOSTING SYMPOSUIMS & CONFERENCES -----------------------------------------------------(Grants and allocations
b~!2Q_Cl\I~ 1!:!~l'Q~Ll~ _A!,QU_T_I_S_L~li _fl~AJI~~S2 _IN_§Q~B~~_!?.A.1'l~I_N_G AND INVESTMENTS -----------------------------------------------------(Grants and allocations
c-----------------------------------------------------INTERNATIONAL CONFERENCE FOR DEMOCRACY AND FREE MARKETS
(Grants and allocations
dEDUCATE THE PUBLIC ABOUT ISLAM & MUSLIM ISSUES ------------------------------------------------------
Form 990 (2004)
ISLAMIC Balance Sheets
Where required, attached schedules and amounts wttiun the descnption column should be for end-of-year amounts only
45 46 Cash - non-mterest-beannq Savings and temporary receivable for doubtful accounts cash Investments
End of year
47 a Accounts
b Less' allowance
48a Pledges receivable b Less' allowance for doubtful accounts
A 5 E
Grants receivable Receivables from officers, directors, employees (attach schedule) b Less: allowance for doubtful accounts charges basis trustees, and key
51 a Other notes & loansreceivable(attachsch) 52 Inventories Investments for sale or use and deferred - securities (attach schedule)
~D Cost D
- land, burldmqs. & equipment: depreciation
b Less accumulated (attach schedule) 56 Investments 57a Land, butldmqs,
- other (attach schedule) and equipment: basis
b Less' accumulated depreciation (attach schedule) .. L-5'1
59 Total assets Accounts Deferred payable and accrued expenses revenue bond liabilities (describe" (attach schedule) Grants payable Loansfrom officers, directors,trustees, and keyemployees (attachschedule) b Mortgagesand other notespayable(attach schedule)
A B I L
and complete lines 67
Organizations ~ that follow SF AS 117, check here .. through 69 and lines 73 and 74 67 Unrestricted Temporarily Permanently restricted restricted
Organizations 70 71 72 73 74
that do not follow SFAS 117, check here .. or current funds
D and complete
70 through 74 Capital stock, trust principal, Paid-In or capital surplus, Retained earnings, or land, buildmq, accumulated and equipment
Income, or other funds
Total net assets or fund balances (add lines 67 through 69 or lines 70 through 72; column (A) must equal line 19; column (B) must equal line 21)
Total liabilities and net assets/fund balances
Form 990 IS available for public Inspection and, for some people, serves as the primary or sole source of information about a particular organization How the public perceives an organization In such cases may be determined by the Information presented on Its return Therefore, please make sure the return IS complete and accurate and fully describes, In Part III, the organization's programs and accomplishments
TITUTE FOUNDATION FREE MARKET Reconciliation of Revenue per Audited Financial Statements with Revenue per Return (See instructions.)
a Total revenue,gains,and other support per auditedfinancial statements Amounts Included on line not on line 12, Form 990·
Reconciliation of Expenses per Audited Financial Statements with Expenses per Return
Total expenses and losses per audited financial statements Amounts Included on line on line 17, Form 990· (1) Donated servo Ices and use of tacrlitres (2) Prior year adjustments reportedon line 20, Form 990
(1) Net unrealized
gains on Investments
$ $ $
_ _ _
(2) Donated servo
Ices and use of facilities (3) Recoveries prior of year grants (4) Other (specify):
(3) Lossesreportedon line 20, Form 990 (4) Other (specify)
- - - - - - - _. $_----Add amountson lines (1) through (4)
- - - - - - - - - $_----Add amountson lines (1) through (4) Line
minus line b
minus line b
Amounts mcluded on Ime 12, Form 990 but not on line a: (1) Investmentexpenses not Includedon line 6b, Form990
Amounts mcluded on Ime 17, Form 990 but not on line a: (1) Investmentexpenses not Includedon line 6b, Form990
(2) Other (specify):
(2) Other (specify):
- - - - - - - _. $_----Add amounts on lines (1) and (2)
- - - - - - - - - $_----Add amounts on lines (1) and (2)
(0) Contributions to employee benefit plans and deferred com I
O. 6 BUEHLER RD. --------------------BEDFORD MA 01778
MR. ALI JAWAD --------------------201 HAMPSHIRE CT.
~g~~Q~~Ib_K~b~ J-IQ_ _P_!iT_R.§~TJ_ _t )l~ ~._E....: WASHINGTON DC 20003 MR. KHALED KADER --------------------1406 SEAMANS CTR. --------------------_
O. O. O.
Did any officer, director, trustee, or key employee receive aggregate compensation of more than $100,000 from your organization and all related organizations, of which more than $10,000 was provided by the related organizations? If 'Yes,' attach schedule - see instructions.
Form 990 (2004)
TEEAO 104 01/07/05
ITUTE 76 77
Old the organization engage In any activity not previously attach a detailed descnption of each activity Were any changes made In the organizing have unrelated or governing If 'Yes,' attach a conformed copy of the changes business
to the IRS? If 'Yes,' but not reported to the IRS?
78a Old the organization
gross Income of $1,000 or more dunnq the year covered
by this return?
b If 'Yes,' has It filed a tax return on Form 990-T for this year?
79 Was there a hquidatron, dissolution,
year? If 'Yes,' attach a statement
80a Is the organization
related (other than by association with a statewide or nationwide organization) through common governing bodies, trustees, officers, etc, to any other exempt or nonexempt organization? ~
b If 'Yes,' enter the name of the organization
81 a Enter direct and Indirect political expenditures
'. -=- -=- -=- -=- '. file Form 1120-POL for this year?
rt I; -0 ~~~Pt~r81 a
See line 81 instructions
b Old the organization 82 a Old the organization
receive donated services less than fair rental value?
or the use of materials,
or tacrhties at no charge or at
b If 'Yes,' you may Indicate the value of these Items here Do not Include thrs amount as
revenue In Part I or as an expense In Part II (See Instructions requirements In Part III )
83a Old the organization b Old the organization 84a Old the organization
not tax deductible?
comply with the public Inspection comply with the disclosure
for returns and exemption
to qurd pro quo contributions?
sohcrt any contributions
or gifts that were not tax deductible? that such contributions by members? received a or gifts were
b If 'Yes,' did the organization 85
Include with every solrcrtatron an express statement
(5), or (6) orqemzetsons.
a Were substantially
all dues nondeductible
b Old the organization
make only In-house
of $2,000 or less?
If 'Yes' was answered to either 85a or 85b, do not complete waiver for proxy tax owed for the prior year
85c through 85h below unless the organization
Dues, assessments, Aggregate
and Similar amounts and political
162(e) lobbymc nondeductible
amount of section 6033(e)(1 ) (A) dues notices
f Taxable amount of lobbymq and political expenditures (line 85d less 85e) 9 Does the organization elect to pay the section 6033(e) tax on the amount on line 85f?
h If section6033(e)(1 )(A) dues noticesweresent, doesthe organizationagreeto add the amounton nne 85f to Its reasonable estimateof duesallocableto nondeductiblelobbymgand political expendituresfor the followmgtax year?
507 (c)(7) orgamzatlons line 12 b Gross receipts,
fees and capital contributions
Included on line 12, for public use of club tacihtres Enter'
a Gross Income from members or shareholders
b Gross Income from other sources. (Do not net amounts due or paid to other sources
against amounts 88 due or received from them.) At any time dunnq the year, did the organization own a 50% or greater Interest In a taxable corporation or partnership, or an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301 7701-3? If 'Yes,' complete Part IX Enter' Amount of tax Imposed on the organization dunnq the year under section 4911 ~
89a 507 (c)(3) orgamzatlons.
; section 4912 ~
; section 4955 ~
O. --------=.-'-1 89b
b 50 7 (c)(3) and 50 7 (c)(4) orqemzetions.
Old the organization engage In any section 4958 excess benefit transaction dunnq the year or did It become aware of an excess benefit transaction from a prior year? If 'Yes,' attach a statement explaining each transaction managers or disqualified persons durinq the
c Enter' Amount of tax Imposed on the organization year under sections 4912, 4955, and 4958
d Enter: Amount of tax on line 89c, above, reimbursed by the organization 90a List the states With which a copy of this return IS filed ~ WASHINGTON
b Number of employees 91 employed In the pay period that Incl~d;s-M~~h12,-2004 The books are In care of ~ Locatedat ~
DC (Seemstrucuons ') - - - - - - - - - - Telephone number ~ ZIP + 4 ~ Check here
r90br - - -
1'.B~_OB~A}ll~~T1QN b_S_TB~E_TL _S_T~_Z_O_gL _Wl\~Ii_Il:l§T._0l:lL _D_C
chantable trusts fllmg Form 990 m lteu of Interest received or accrued
Form 990 (2004)
and enter the amount of tax-exempt
durinq the tax year
Note: Enter gross amounts unless otherwise mdtceted
(A) BUSinessode c
(C) Exclusion code
(E) Related or exempt function Income
Program service revenue'
f Medicare/Medicaid payments 9 Fees& contracts from government agencies 94 Membership dues and assessments 95 Intereston savings temporary & cashnwmnts 96 DIvidends & Interest from securities 97 NetrentalIncome (loss)from realestate: or a debt-financed property b not debt-financed property 98 NetrentalIncome (loss)from persprop or 99 Other Investment Income 100 Gain or (loss) from sales of assets other than Inventory 101 NetIncome (loss)from specialevents or
Gross profit or (loss) from sales of Inventory
104 105 Note:
Subtotal(addcolumns(B), (D), and(E»
Total (add line 104, columns (8), (D),
Explain how each activity for which Income IS reported In column (E) of Part VII contributed Importantly to the accomplishment of the organization's exempt purposes (other than by providmq funds for such purposes)
(E) Nature of activities Total Income End-of-year assets
(Form 990 or 990-EZ)
Organization Exempt Under Section 501 (c)(3)
(Except Private Foundation) and Section 501(e), 501(f), 501 (k), 501 (n), or Section 4947(aX1) Nonexempt Charitable Trust Supplementary ~ MUST be completed Information (See separate instructions.) and attached to their Form 990 or 990-EZ.
OMB No 1545-0047
Department of the Treasury Internal Revenue Service Name of the organization
by the above organizations
ISLAMIC FREE MARKET INSTITUTE FOUNDATION
(See Instructions. List each one If there are none, enter 'None ') (a) Name and address of each employee paid more than $50,000 (b) Title and average hours per week devoted to position (c) Compensation
(d) Contn butions to employee benefit plans and deferred compensation
of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees
(e) Expense account and other allowances
Total number of other employees paid over
(See Instructions List each one (whether Individuals or firms) If there are none, enter 'None ')
of the Five Highest Paid Independent Contractors for Professional
(b) Type of service
(a) Name and address of each Independent contractor paid more than $50,000
Total number of others receiving over 000 for I services
for Form 990 and Form 990-EZ.
TEEA040 1 07/22/04
BAA For Paperwork Reduction Act Notice, see the Instructions
Schedule A (Form 990 or 990-EZ) 2004
DUring the year, has the organization attempted to Influence national, state, or local legislation, Including to Influence public opiruon on a legislative matter or referendum? If 'Yes,' enter the total expenses paid or Incurred In connection (Must equal amounts with the lobbymq activities ..
on line 38, Part VI·A, or line i of Part VI·B)
Organizations that made an election under section 501 (h) by filing Form 5768 must complete Part VI·A Other organizations checking 'Yes' must complete Part VI·B AND attach a statement giVing a detailed descnption of the lobbyrnq activities. 2 DUring the year, has the organization, either directly or Indirectly, engaged In any of the following acts with any substantial contributors, trustees, directors, officers, creators, key employees, or members of their families, or with any taxable organization with which any such person IS affiliated as an officer, director, trustee, majority owner, or principal beneftciary? (If the answer to any question IS 'Yes,' attach a detailed statement explammg the trensections.) a Sale, exchange, or leasmq of property? of credit?
b Lending of money or other extension c Furnishing d Payment e Transfer of goods, services, of compensation
or facihtres? or reimbursement of expenses If more than $1 ,OOO)?
x x x
of any part of ItS Income or assets?
3a Do you make grants for scholarships, fellowships, student loans, etc? (If 'Yes,' attach an explanation of how you determine that recipients qualify to receive payments) b Do you have a section 403(b) annuity on the use or distribution of funds? plan for your employees? donors where donors have the right to provide advice or debt (See mstructions.) box) services?
4a Old you maintain any separate account for participating
b Do credit counsel: debt ma
Reason for Non-Private Foundation Status
The organization 5 6 7 8 9 10 ~ IS not a private foundation of churches, hospital 170(b)(1)(A)(II). A church, convention A school. Section or association (Also complete of churches Part V.)
because It IS' (Please check only ONE applicable Section 170(b)(1)(A)(I)
A hospital or a cooperative A medical research
service organization. or governmental In conjunction
170(b)(1 )(A)(III) 170(b)(1 ) (A) (v) Section 170(b)(1 )(A)(III) Enter the hospital's name, city, Sectl~n-170(b)6)(A)(10 public. --
A Federal, state, or local government organization and state •
with a hospital u~l~e~srty -o;;d"
D An organlzatlon-ope~ated
fu;-the b;n;flt of ;;- ~ilege-o;the Support Schedule In Part IV·A )
-by ;; g-;';e~~~t;;I~~t-
11 a ~ 11 b 12
An organization that normally receives a substantial part of ItS support from a governmental Section 170(b)(1 )(A)(vl). (Also complete the Support Schedule In Part IV·A)
unit or from the general )
D A community trust Section 170(b)(1 )(A)(vl). (Also complete the Support Schedule In Part IV·A D An organization that normally receives: (1) more than 33-1/3% of ItS support from contributions, D An organization
membership fees, and gross receipts from activities related to ItS charitable, etc, functions - subject to certain exceptions, and (2) no more than 33-1/3% of ItS support from gross Investment Income and unrelated busmess taxable Income (less section 511 tax) from busmesses acquired by the organization after June 30, 1975 See section 509(a)(2) (Also complete the Support Schedule In Part IV·A.) that IS not controlled by any disqualified persons (other than foundation managers) and supports organizations described In. (1) lines 5 through 12 above; or (2) section 501 (c) (4) , (5), or (6), If they meet the test of section 509(a)(2) (See section 509(a)(3).) Provide the followmq Information about the supported organizations. (See Instructions)
(a) Name(s) of supported orqaruzatronts)
(b) Line number
0 An organization
to test for public safety
(See instructions Schedule
) A (Form 990 or Form 990·EZ) 2004
ISLAMIC FREE MARKET INSTITUTE FOUNDATION
(Complete only If you checked a box on line 10, 11, or 12)
Use cash method of accounting.
Calendar year (or fiscal year beginning in) 15
1 341 459.
Gross receipts from admissions, merchandise sold or services performed, or furrushmq of facilmes m any activity that IS related to the organization's mcome from I diVidends, amounts received from payments on secunnes loans (section 512(a)(5», rents, royalties, and unrelated busmess taxable mcorne (less section 511 taxes) from busmesses Ired by the organizanon after
Net mcome from unrelated busmess activities not mcluded mime 18
Tax revenues levied for the organization's benefit and either paid to It or expended on Its behalf of services or facrhties furnished to the organization by a governmental Unit Without charge Do not Include the value of services or facihtres general furnished to
on lines 10 or 11 :
b Prepare a list for your records to show the name of and amount contributed by each person (other than a governmental Unit or publicly supported organization) whose total gifts for 2000 through 2003 exceeded the amount shown mime 26a. Do not file this list With your return. Enter the total of all these excess amounts
support for section 509(a)(1) from column
test· Enter line 24, column 18
d Add: Amounts e Public support f Public 27
(e) for lines'
(line 26c minus line 26d total) 26e divided
Organizations described on line 12: a For amounts Included In lines 15, 16, and 17 that were received from a 'disqualified person,' prepare a list for your records to show the name of, and total amounts received In each year from, each 'disqualified person' Do not file thls list with your return. Enter the sum of such amounts for each year: (2003) (2002) (2001) (2000) _
bFor any amount Included In line 17 that was received from each person (other than 'disqualified persons'), prepare a list for your records to show the name of, and amount received for each year, that was more than the larger of (1) the amount on line 25 for the year or (2) $5,000 (Include In the list organizations described In lines 5 through 11, as well as mdrviduals.) Do not file this list with your return. After computing the difference between the amount received and the larger amount described In (1) or (2), enter the sum of these differences (the excess amounts) for each year: (2003) _ _ _ _ _ _ _ _ _ _ _ _ (2002) c Add' Amounts from column (e) for lines: 17 d Add: Line 27a total e Pubhc support g Public support h Investment 28 (line 27c total minus line 27d total) test· Enter amount from line 23, column divided column divided (e) line 27f ·'-=27:.._f'--L _ percentage (line 27e (numerator) by line 27f (denominator» f Total support for section 509(a)(2) income 15 20 and line 27b total (2001) _ _ _ _ _ _ _ _ _ _ _ _ (2000) 16 21 _
Unusual Grants: For an organization described In line 10, 11, or 12 that received any unusual grants dunnq 2000 through 2003, prepare a list for your records to show, for each year, the name of the contributor, the date and amount of the grant, and a brief descnptron of the nature of the grant Do not file this list with your return. Do not Include these grants In line 15
A (Form 990 or 990-EZ)
''''nl'\nl \.lIJe:StIOrm,aU'e (See Instructions) by schools that checked the box on line 6 in Part IV)
Does the organization have a racially nondiscriminatory policy toward students other governing Instrument, or In a resolution of ItS governing body?
In ItS charter,
Does the organization Include a statement of ItS racially nondiscriminatory policy toward students In all ItS brochures, catalogues, and other written communications with the public dealing with student admissions, programs, and scholarships? Has the organization publicized ItS racially nondiscriminatory policy through newspaper or broadcast media dunnq the period of solicitation for students, or during the registration period If It has no solicitation program, In a way that makes the policy known to all parts of the general community It serves? If 'Yes,' please describe; If 'No,' please explain. (If you need more space, attach a separate statement)
32 Does the organization
a Records Indicating
the following' of the student body, faculty, and other fmancral assistance and administrative are awarded staff?
the racial cornposmon
b Records documenting that scholarships nondiscriminatory basis? c Copies of all catalogues, with student admissions, d Copies of all material If you answered
on a racially to the public dealing
brochures, announcements, and other written communications programs, and scholarships? or on ItS behalf to solicit contributions?
used by the organization
'No' to any of the above, please explain.
(If you need more space, attach a separate
Does the organization a Students' b Admissions c Employment d Scholarships e Educational
by race In any way with respect to:
rights or privileges? policies? of faculty or administrative or other financial policies? staff?
f Use of facilities?
9 Athletic programs? activities? (If you need more space, attach a separate statement)
h Other extracurricular If you answered
'Yes' to any of the above, please explain
Does the organization
receive any financial
aid or assistance
from a governmental
b Has the organization's If you answered
right to such aid ever been revoked or suspended? usrnq an attached statement of
'Yes' to either 34a or b, please explain
Does the organization certify that It has complied with the applicable requirements sections 4.01 through 4 05 of Rev Proc 75-50, 1975-2 C.B 587, covering racial nondiscrimination? If '
(To be completed
ONLY by an eligible
by Electing Public Charities
(See mstructions.) that filed Form 5768)
(The term 'expenditures' 36 38 Total lobbyinq expenditures Total lobbymq expenditures to Influence to Influence means amounts public opinion a legislative paid or Incurred) (grassroots To be completed for ALL electing ruzations
37 Total lobbyinq expenditures 39
body (direct lobbyrnq)
(add lines 36 and 37) (add lines 38 and 39) table amount is -~ The lobbying nontaxable
Other exempt purpose expenditures Total exempt purpose expenditures l.obbymq nontaxable amount. If the amount on line 40 is Not over $500,000 Enter the amount from the following
20% of the amount on line 40
Over $500,000 but not over $1,000,000 Over $1,000,000 but not over $1,500,000 Over $1,500,000 but not over $17,000,000
$100,000 plus 15% of the excess over $500,000__ $175,000 plus 10% of the excess over $1,000,000 $225,000 plus 5% of the excess over $1,500,000
Grassroots Subtract Subtract
amount (enter 25% of line 41)
line 42 from line 36. Enter -0- If line 42 IS more than line 36 line 41 from line 38 Enter -0- If line 41 IS more than line 38
Caution: If there
an amount on either itne 43 or ltne
must file Form 4720. all of the five columns below
4 -Year Averaging Period Under Section 501 (h)
(Some organizations that made a section 501 (h) election do not have to complete See the Instructions for lines 45 through 50.) Lobbying Expenditures Calendar year (or fiscal year beginning in) •
During 4 -Year Averaging
Lobbying Activity by Nonelectina Public Charities only by organizations that did not complete Part VI-A)
(See Instructions) any Yes No
DUring the year, did the organization attempt to Influence national, state or local legislation, including attempt to Influence public opinion on a legislative matter or referendum, through the use of' a Volunteers b Paid staff or management c Media advertisements d Mailings to members, e Publications, legislators, or the public statements offiCials, or a legislative lectures, body or published or broadcast (Include compensation In expenses reported on lines c through h.)
f Grants to other organizations
9 Direct contact with legislators, h Rallies, demonstrations,
for lobbyrnq purposes their staffs, government conventions, h.) giVing a detailed deSCription of the lobbymq activities Schedule
or any other means
i Total lobbyrnq expenditures
(add lines c through
If 'Yes' to any of the above, also attach a statement
A (Form 990 or 990-EZ)
FREE MARKET INSTITUTE
Information Regarding Transfers To and Transactions Exempt Organizations (See instructions)
Old the reporting organization directly or Indirectly engage In any of the following with any other organization described In section 501(c) of the Code (other than section 501(c)(3) organizations) or In section 527, relating to political organizations?
a Transfers from the reporting organization to a nonchantable exempt organization of' Yes No 51 a (i) (i)Cash X a (ii) (ii)Other assets X b Other transactions' b (i) (i) Sales or exchanges of assets with a nonchantable exempt organization X b (ii) (ii)Purchases of assets from a nonchantable exempt organization X b (iii) X (iii)Rental of facilities, equipment, or other assets b (iv) (iv) Reimbursement arrangements X b (v) (v)Loans or loan guarantees X b(vi) (vi)Performance of services or membership or fundralslng soncrtanons X c Sharing of facilities, equipment, mailing lists, other assets, or paid employees c X d If the answer to any of the above IS 'Yes,' complete the followmq schedule Column (b) should always show the fair market value of the ~oods, other assets, or services given by the reportln~ orfl,anlZatlon, If the organization received less than fair market value In any ransaction or sharing arrangement, show In column d) e value of the gooas, other assets, or services received' (c) (d) (a) (b) Amount Involved Name of noncnantable exempt organization Descnpnon transfers, of transactions, andsharing arrangements Line no
for Tax Reform
52a Is the organization directly or Indirectly affiliated With, or related to, one or more tax-exempt organizations described In section 501(c) of the Code (other than section 501(c)(3)) or In section 52?? b If 'Yes', complete the tollowmq schedule' (b) (c) (a) Name of organization Type of organization Descnptron of relationship
Schedule A (Form 990 or 990-EZ) 2004
shown on return
Depreciation and Amortization
(Including Information on Listed Property)
• See separate instructions. • Attach to your tax return.
Department of the Treasury Internal Revenue Service Name(s)
to which this form
BUSiness or actrvity
Part I 1 Maximum amount
2 3 4 S Total cost of section Threshold Reduction See instructions 179 property for a higher limit for certain businesses placed
cost of section
limitation If ma rned fill ng
In hrmtatron, Subtract
line 3 from line 2_ If zero or less, enter -O-
Dollar limitation for tax year see Instructions
7 8 9
Listed property Tentative
Enter the amount from line 29 179 property, Add amounts
Total elected cost of section deduction.
(c), lines 6 and 7
Enter the smaller of line 5 or line 8 deduction from line 13 of your 2003 Form 4562
10 Carryover of disallowed 11 12
Special depreciation allowance tax year (see Instructions)
(other than listed property)
placed In service during the
15 Property subject to secllon 168(f)(1) elecllon (see mstructrons)
for assets placed
In tax years beginning
Total Add amountsfrom line 12, lines 14through 17, lines 19 and 20 In column (g), and line 21 Enterhere and on
the appropnatelines of your return Partnershipsand S corporations - see instructions
For assets shown above and placed In service dunnq the current year, enter the on of the baSIS attributable to section 263A costs
BAA For Paperwork Reduction Act Notice, see separate instructions.
Form 4562 (2004)
(Include automobiles, certain other vehicles, cellular telephones, certain computers, and property used for entertainment. recreation, or amusement.) Note: For any vehicle for which you are usmg the standard mileage rate or deductmg lease expense, complete columns (a) through (c) of Secuon A, all of Section B, and Section C If applicable
only 24a, 24b,
service during the tax year and
28 Add amounts 29 Add amounts
column (h), lines 25 through 27. Enter here and on line 21, page 1 column line 26 Enter here and on line 7 1 Section B - Information on Use of Vehicles
Complete this section for vehicles used by a sole proprietor, partner, or other 'more than 5% owner,' or related person If you provided vehicles to your employees, first answer the questions In Section C to see If you meet an exception to completing this section for those vehicles
30 Total business/investment miles driven
(a) Vehicle 1
(b) Vehicle 2
(c) Vehicle 3
dunnq the year (do not Include commuting miles - see Instructions) milesdriven dunnq theyear 31 Totalcommuting
(d) Vehicle 4
(e) Vehicle 5
(f) Vehicle 6
32 Total other personal (noncornrnutmq)
33 Total miles driven dunnq the year Add
lines 30 through 32 Yes 34 Was the vehicle available for personal use dUring off-duty hours? than 5% owner or related person? No Yes No Yes No Yes No Yes No Yes No
35 Was the vehicle used primarily by a more
36 Is another vehicle available for personal use? Section C - Questions for Employers Who Provide Vehicles for Use by Their Employees
Answer these questions to determine If you meet an exception to completing Section B for vehicles used by employees who are not more than 5% owners or related persons (see instructions) 37 Do you maintain a written policy statement that prohibits all personal use of vehicles, Including commuting, by your employees? 38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your employees? See instructions for vehicles used by corporate officers, directors, or 1% or more owners 39 Do you treat all use of vehicles by employees as personal use? 40 Do you provide more than five vehicles to your employees, obtain information from your employees about the use of the vehicles, and retain the Information received? 41 Do you meet the requirements concerning qualified automobile demonstration use? (see instructions) Note: If your answer to 37,38,39,40, or 47 IS 'Yes,' do not complete Section B for the covered vehicles (a)
Descnption of costs
Date arnoruzation beqrns
Amortization period or percentage
for trns year
Amortization of costs that beqrns dunnq your 2004 tax year (see Instructions):
Form 4562 (2004)
Amortization of costs that began before your 2004 tax year Total. Add amounts In column (f). See Instructions for where to report
ISLArwC FREE MARKET INSTITUTE FOUNDATION Form 990, Page 2, Part II, Line 43 Other Expenses Stmt
Other expenses not covered above (Itemize): Total
Management and general
MISCELLANEOUS DUES & SUBSCRIPTIONS BOOKS OUTSIDE CONSULTANTS
MEALS & ENTERTAINMENT
INSURANCE LICENCE PENALTY TAXI CABS
3,158. 2,100. 415. 25,667. 8,438. 2,093. 100. 20. 847. 42,838.
1,579. 1,050. 415. 17,967. 4,219. 0. 0. 847. 26,077.
7,700. 4,219. 2,093. 100. 20.
°. °. °. °. °. °.
Form 990, Page 3, Part IV, Lines 57a & 57b Land, Buildings and Equipment Statement
Form 990, Page 3, Part IV, Line 65 Other Liabilities Statement Beginning of Year End of Year
Line 65 - Other Liabilities: PAYROL
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