Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
FREEDOM FARM CO PAUL LIEBMAN
 

Number and street (or P.O. box number if mail is not delivered to street address)1102 SILVER LAKE ROAD   Room/suite
City or town, state, and ZIP code
CARY, IL60013
A Employer identification number

36-4232304
B Telephone number (see page 10 of the instructions)

(847) 639-2361
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$54,762J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 311,680
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities......      
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 13,023 13,023 13,023
12 Total. Add lines 1 through 11........ 324,703 13,023 13,023
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 56,969 0 0 56,969
14 Other employee salaries and wages...... 84,139 0 4,288 79,851
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,370 918 0 0
c Other professional fees (attach schedule).... Click to see attachment 11,624 0 0 11,624
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 17,747 0 0 17,747
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,875 0 1,875
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 121,118 12,105 6,860 121,118
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 297,842 13,023 13,023 287,309
25 Contributions, gifts, grants paid........ 0 0
26 Total expenses and disbursements. Add lines 24 and 25 297,842 13,023 13,023 287,309
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 26,861
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 0
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 873 28,632 28,632
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet98,482
Less: accumulated depreciation (attach schedule) bullet72,352 28,005 Click to see attachment26,130 26,130
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment670 Click to see attachment0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 28,878 55,432 54,762
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment307 Click to see attachment0
23 Total liabilities (add lines 17 through 22).......... 307 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 28,571 55,432
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see page 17 of the
instructions).................... 28,571 55,432
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 28,878 55,432
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 28,571
2 Enter amount from Part I, line 27a...................... 2 26,861
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 55,432
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 55,432
Form 990-PF (2010)
Form 990-PF (2010)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 276,888 25,714 10.767986
2008 300,074 24,156 12.422338
2007 247,017 24,492 10.085620
2006 227,947 24,755 9.208120
2005 228,488 27,648 8.264178
2 Total of line 1, column (d) ...................... 2 50.748242
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 10.149648
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 41,194
5 Multiply line 4 by line 3....................... 5 418,105
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 0
7 Add lines 5 and 6......................... 7 418,105
8 Enter qualifying distributions from Part XII, line 4.............. 8 287,309
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 0
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 0
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet   Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletIL
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletPAUL LIEBMAN Telephone no.bullet (847) 639-2361
    Located atbullet24 S WYNSTONENORTH BARRINGTONIL ZIP+4bullet60010
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    KAREN WHAPLES DIRECTOR
    40.00     		56,969 0 0
    1102 SILVER LAKE ROAD
    CARY,IL60013
    DR ANTHONY D'SOUSA DIRECTOR
    0.00     		0 0 0
    1102 SILVER LAKE ROAD
    CARY,IL60013
    BENEDICT SCHWARZ DIRECTOR
    0.00     		0 0 0
    1102 SILVER LAKE ROAD
    CARY,IL60013
    PAUL LIEBMAN DIRECTOR
    0.00     		0 0 0
    1102 SILVER LAKE ROAD
    CARY,IL60013
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If 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) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 HALFWAY HOUSE FOR RECOVERING ALCOHOLICS. 287,309
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    14,753
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    27,068
    d
    Total (add lines 1a, b, and c).........................
    1d
    41,821
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    41,821
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    627
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    41,194
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    2,060
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
     
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
     
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
     
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    287,309
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    287,309
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    287,309
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$  
    a Applied to 2009, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2010 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2010.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
    0 0 0 0 0
    b 85% of line 2a ......... 0 0 0 0 0
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		287,309 276,888 300,074 247,017 1,111,288
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		287,309 276,888 300,074 247,017 1,111,288
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ...... 26,130 28,005 23,333 25,715 103,183
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 26,130 28,005 23,333 25,715 103,183
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		        0
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income 8,798 6,221 10,531 8,988 34,538
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    PAUL LIEBMAN
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Total .................................bullet 3a 0
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aRESIDENT RENT         13,023
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory          
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 0 13,023
    13Total. Add line 12, columns (b), (d), and (e)...................
    1313,023
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    1A RESIDENT RENTAL INCOME
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    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 foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation 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 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    FREEDOM FARM CO PAUL LIEBMAN
     
    Employer identification number

    36-4232304
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule—
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
    Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    FREEDOM FARM CO PAUL LIEBMAN
          		Employer identification number

    36-4232304
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    PAUL LIEBMAN    
    24 S WYSTONE
       
    NORTH BARRINGTON, IL   60010

    		$261,680




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    2
     
     

    MARY LIEBMAN    
    410 SOUTH RIDGE ROAD
       
    MCHENRY, IL   60050

    		$50,000




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    FREEDOM FARM CO PAUL LIEBMAN
          		Employer identification number

    36-4232304
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    FREEDOM FARM CO PAUL LIEBMAN
          		Employer identification number

    36-4232304
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 AccountingFeesSchedule
    Name:
    FREEDOM FARM CO PAUL LIEBMAN
    EIN: 36-4232304
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 4,370 918 0 0

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2010 DepreciationSchedule
    Name:
    FREEDOM FARM CO PAUL LIEBMAN
    EIN: 36-4232304
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER 1998-05-08 1,791 1,791 200DB 5.000000000000 0 0 0  
    TABLES, SOFA, CHAIRS 1998-07-28 1,880 1,880 200DB 7.000000000000 0 0 0  
    MATRESSES 1998-07-30 392 392 200DB 7.000000000000 0 0 0  
    TV 1998-08-01 181 181 200DB 7.000000000000 0 0 0  
    CARPET 1998-08-27 538 538 200DB 7.000000000000 0 0 0  
    APPLIANCE 1998-08-31 476 476 200DB 7.000000000000 0 0 0  
    APPLIANCE 1998-09-24 500 500 200DB 7.000000000000 0 0 0  
    MATTRESSES 1998-10-01 2,540 2,540 200DB 7.000000000000 0 0 0  
    GLIDER CHAIRS 1998-10-02 1,190 1,190 200DB 7.000000000000 0 0 0  
    APPLIANCES 1998-10-05 1,453 1,453 200DB 7.000000000000 0 0 0  
    VCR 1998-07-02 170 170 200DB 7.000000000000 0 0 0  
    TV 1998-07-02 426 426 200DB 7.000000000000 0 0 0  
    TV BASES 1998-07-02 160 160 200DB 7.000000000000 0 0 0  
    MINI COMPONENT 1998-07-02 213 213 200DB 7.000000000000 0 0 0  
    MICROWAVE OVEN 1998-07-02 160 160 200DB 7.000000000000 0 0 0  
    DEHUMIDIFIER 1998-07-09 240 240 200DB 7.000000000000 0 0 0  
    RUG 1998-07-09 276 276 200DB 7.000000000000 0 0 0  
    USED COMPUTER 1998-07-28 400 400 200DB 5.000000000000 0 0 0  
    GAS GRILL & ASSEMBLY 1998-08-04 324 324 200DB 7.000000000000 0 0 0  
    AIR CONDITIONER 1998-08-06 408 408 200DB 7.000000000000 0 0 0  
    LAWN MOWER 1998-08-11 275 275 200DB 7.000000000000 0 0 0  
    OFFICE MAX 1998-11-08 213 213 200DB 7.000000000000 0 0 0  
    97 FORD VAN 1998-10-24 19,398 19,398 200DB 5.000000000000 0 0 0  
    SINK/FAUCET 1998-08-11 661 193 SL 39.000000000000 17 0 17  
    KURTH CONSTRUCTION 1998-09-09 1,362 395 SL 39.000000000000 35 0 35  
    SEPTIC 1998-10-01 6,435 1,849 SL 39.000000000000 165 0 165  
    REDO DRIVEWAY 1998-10-16 1,706 493 SL 39.000000000000 44 0 44  
    WIRING 1998-10-23 937 269 SL 39.000000000000 24 0 24  
    STORM DOOR 1998-11-16 332 100 SL 39.000000000000 9 0 9  
    F&F-APPLIANCES 1999-03-04 362 362 200DB 7.000000000000 0 0 0  
    EQUIPMENT ADDITIONS 1999-11-22 468 468 200DB 7.000000000000 0 0 0  
    LEASEHOLDS 1999-03-31 705 194 SL 39.000000000000 18 0 18  
    F&F-APPLIANCES 1999-07-23 860 860 200DB 7.000000000000 0 0 0  
    LEASEHOLD 1999-04-06 234 64 SL 39.000000000000 6 0 6  
    LEASEHOLD 1999-09-01 234 62 SL 39.000000000000 6 0 6  
    LEASEHOLD 1999-10-02 865 225 SL 39.000000000000 22 0 22  
    LEASEHOLD - BASEBOARD HEATERS AND THERMOSTAT 2000-01-20 297 80 SL 39.000000000000 8 0 8  
    VACUUM CLEANER 2000-04-17 660 660 200DB 7.000000000000 0 0 0  
    LEASHOLD - UPSTAIRS BATHROOM 2000-08-31 2,200 525 SL 39.000000000000 56 0 56  
    LEASEHOLD - GRADE DRIVEWAY 2000-08-21 315 75 SL 39.000000000000 8 0 8  
    LEASEHOLD - WATER HEATER WIRE 2000-11-27 158 37 SL 39.000000000000 4 0 4  
    LEASEHOLD - CONCRETE MATERIALS 2000-12-02 1,867 434 SL 39.000000000000 48 0 48  
    LEASEHOLD - CEMENT POUR 2000-12-02 1,600 371 SL 39.000000000000 41 0 41  
    LEASEHOLD - WOODSTOCK LUMBER 2000-12-05 24 9 SL 39.000000000000 1 0 1  
    LEASEHOLD - HOME DEPOT 2000-12-22 4,116 958 SL 39.000000000000 106 0 106  
    LEASEHOLD - ELECTRICAL SUPPLIES 2000-12-23 52 9 SL 39.000000000000 1 0 1  
    LEASEHOLD - TRUE VALUE HARDWARE 2000-12-30 17   SL 39.000000000000 0 0 0  
    POTTERY EQUIPMENT 2001-01-19 1,000 1,000 200DB 5.000000000000 0 0 0  
    LEASEHOLD 2001-01-23 888 206 SL 39.000000000000 23 0 23  
    LEASEHOLD 2001-02-26 698 160 SL 39.000000000000 18 0 18  
    FURNITURE 2001-03-26 457 457 200DB 7.000000000000 0 0 0  
    LEASEHOLD 2001-06-22 191 43 SL 39.000000000000 5 0 5  
    LEASEHOLD 2001-07-25 679 144 SL 39.000000000000 17 0 17  
    EQUIPMENT ADDITIONS 2001-08-31 75 75 200DB 5.000000000000 0 0 0  
    FORD ECONO CARRYALL - 2002 2003-09-23 18,900 9,450 200DB 5.000000000000 0 0 0  
    COUCH 2004-06-21 2,599 1,125 200DB 7.000000000000 116 0 371  
    COMPUTER 2007-09-15 1,956 1,393 200DB 5.000000000000 225 0 391  
    FURNITURE - DRESSERS 2007-06-29 1,505 847 200DB 7.000000000000 188 0 215  
    REFRIGERATOR 2007-12-04 1,060 755 200DB 5.000000000000 122 0 212  
    REFRIGERATOR - 2008 2008-12-11 662 143 200DB 5.000000000000 75 0 132  
    FURNITURE - 2009 2009-10-20 2,394 43 200DB 7.000000000000 330 0 342  
    LEASEHOLD - WELL PUMP 2009-03-02 2,267 46 SL 39.000000000000 58 0 58  
    LEASEHOLD - BATHROOM REMODELLING 2009-10-02 3,080 16 SL 39.000000000000 79 0 79  

    TY 2010 GeneralExplanationAttachment
    Name:
    FREEDOM FARM CO PAUL LIEBMAN
    EIN: 36-4232304
    Identifier Return Reference Explanation
        FREEDOM FARM BUILDING IS RENTED FROM DIRECTOR, PAUL LIEBMAN AT ZERO RENT. PAUL LIEBMAN OWNS THE BUILDING.

    TY 2010 LandEtcSchedule2
    Name:
    FREEDOM FARM CO PAUL LIEBMAN
    EIN: 36-4232304
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER 1,791 1,791   0
    TABLES, SOFA, CHAIRS 1,880 1,880   0
    MATRESSES 392 392   0
    TV 181 181   0
    CARPET 538 538   0
    APPLIANCE 476 476   0
    APPLIANCE 500 500   0
    MATTRESSES 2,540 2,540   0
    GLIDER CHAIRS 1,190 1,190   0
    APPLIANCES 1,453 1,453   0
    VCR 170 170   0
    TV 426 426   0
    TV BASES 160 160   0
    MINI COMPONENT 213 213   0
    MICROWAVE OVEN 160 160   0
    DEHUMIDIFIER 240 240   0
    RUG 276 276   0
    USED COMPUTER 400 400   0
    GAS GRILL & ASSEMBLY 324 324   0
    AIR CONDITIONER 408 408   0
    LAWN MOWER 275 275   0
    OFFICE MAX 213 213   0
    97 FORD VAN 19,398 19,398   0
    SINK/FAUCET 661 210 451 0
    KURTH CONSTRUCTION 1,362 430 932 0
    SEPTIC 6,435 2,014 4,421 0
    REDO DRIVEWAY 1,706 537 1,169 0
    WIRING 937 293 644 0
    STORM DOOR 332 109 223 0
    F&F-APPLIANCES 362 362   0
    EQUIPMENT ADDITIONS 468 468   0
    LEASEHOLDS 705 212 493 0
    F&F-APPLIANCES 860 860   0
    LEASEHOLD 234 70 164 0
    LEASEHOLD 234 68 166 0
    LEASEHOLD 865 247 618 0
    LEASEHOLD - BASEBOARD HEATERS AND THERMOSTAT 297 88 209 0
    VACUUM CLEANER 660 660   0
    LEASHOLD - UPSTAIRS BATHROOM 2,200 581 1,619 0
    LEASEHOLD - GRADE DRIVEWAY 315 83 232 0
    LEASEHOLD - WATER HEATER WIRE 158 41 117 0
    LEASEHOLD - CONCRETE MATERIALS 1,867 482 1,385 0
    LEASEHOLD - CEMENT POUR 1,600 412 1,188 0
    LEASEHOLD - WOODSTOCK LUMBER 24 10 14 0
    LEASEHOLD - HOME DEPOT 4,116 1,064 3,052 0
    LEASEHOLD - ELECTRICAL SUPPLIES 52 10 42 0
    LEASEHOLD - TRUE VALUE HARDWARE 17 0 17 0
    POTTERY EQUIPMENT 1,000 1,000   0
    LEASEHOLD 888 229 659 0
    LEASEHOLD 698 178 520 0
    FURNITURE 457 457   0
    LEASEHOLD 191 48 143 0
    LEASEHOLD 679 161 518 0
    EQUIPMENT ADDITIONS 75 75   0
    FORD ECONO CARRYALL - 2002 18,900 18,900   0
    COUCH 2,599 2,541 58 0
    COMPUTER 1,956 1,618 338 0
    FURNITURE - DRESSERS 1,505 1,035 470 0
    REFRIGERATOR 1,060 877 183 0
    REFRIGERATOR - 2008 662 549 113 0
    FURNITURE - 2009 2,394 1,570 824 0
    LEASEHOLD - WELL PUMP 2,267 104 2,163 0
    LEASEHOLD - BATHROOM REMODELLING 3,080 95 2,985 0


    TY 2010 OtherAssetsSchedule
    Name:
    FREEDOM FARM CO PAUL LIEBMAN
    EIN: 36-4232304
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    CREDIT CARD OVERPAYMENT 0 670  


    TY 2010 OtherExpensesSchedule
    Name:
    FREEDOM FARM CO PAUL LIEBMAN
    EIN: 36-4232304
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUTO EXPENSE 30,198 0 0 30,198
    CONSULTANTS - THERAPY 1,086 0 0 1,086
    CRAFTS 1,697 0 0 1,697
    FACILITY SUPPLIES 2,063 1,719 0 2,063
    GROCERY 46,950 0 0 46,950
    INSURANCE 11,447 0 6,860 11,447
    MAINTENANCE & CLEANING 5,419 5,419 0 5,419
    MEALS & ENTERTAINMENT 522 0 0 522
    MEDICAL COSTS 165 0 0 165
    OFFICE SUPPLIES 1,201 0 0 1,201
    POSTAGE 50 0 0 50
    RECREATION 300 0 0 300
    REPAIRS 3,255 0 0 3,255
    TELEPHONE 3,388 0 0 3,388
    UTILITIES 4,967 4,967 0 4,967
    DECORATING 1,242 0 0 1,242
    MISCELLANEOUS 4,812 0 0 4,812
    TRAINING & EDUCATION 659 0 0 659
    DUES AND SUBSCRIPTIONS 212 0 0 212
    THERAPY/CLIENTS 606 0 0 606
    SUPPLIES EXPENSE 469 0 0 469
    BANK SERVICE CHARGES 410 0 0 410


    TY 2010 OtherIncomeSchedule2
    Name:
    FREEDOM FARM CO PAUL LIEBMAN
    EIN: 36-4232304
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RESIDENT RENT 13,023 13,023 13,023


    TY 2010 OtherLiabilitiesSchedule
    Name:
    FREEDOM FARM CO PAUL LIEBMAN
    EIN: 36-4232304
    Description Beginning of Year - Book Value End of Year - Book Value
    CREDIT CARD 307 0


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    FREEDOM FARM CO PAUL LIEBMAN
    EIN: 36-4232304
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 2,024 0 0 2,024
    CONTRACT LABOR 9,600 0 0 9,600


    TY 2010 TaxesSchedule
    Name:
    FREEDOM FARM CO PAUL LIEBMAN
    EIN: 36-4232304
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 11,067 0 0 11,067
    REAL ESTATE TAXES 6,680 0 0 6,680