Skip to content
Nonprofiteer
← CAPITAL RESEARCH CENTER

Form 990 for tax year 2023

Filed by CAPITAL RESEARCH CENTER.

Totals

Total revenue
$7,462,650
Total expenses
$7,173,570
Contributions and grants received
$7,299,720
Grants paid
$0
Program service revenue
$1,032
Investment income
$147,725
Other revenue
$14,173
Total assets, end of year
$10,811,558
Total liabilities, end of year
$512,396
Net assets or fund balances, end of year
$10,299,162
Program services expenses (Part IX)
$4,495,286
Management and general expenses
$588,314
Fundraising expenses
$2,089,970
Program service expenses (Part III)
$4,495,286

Program services were 62.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $7,299,720

  • 1g · Noncash contributions included above

    $117,719

  • 2a · Program service revenue: PUBLICATION

    total $1,032 · related or exempt $1,032

  • 3 · Investment income

    total $148,510 · excluded $148,510

  • 7a · Gross sales of assets other than inventory

    securities $430,263

  • 7b · Less cost or other basis and sales expenses

    securities $431,048

  • 7c · Gain or loss

    securities -$785

  • 7d · Net gain or loss

    total -$785 · excluded -$785

  • 11a · Other revenue: REIMBURSEMENT REVENUE

    total $14,173 · excluded $14,173

  • 11e · Other revenue, total

    $14,173

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,209,043 · program services $830,091 · management and general $172,396 · fundraising $206,556

  • 7 · Other salaries and wages

    total $1,340,848 · program services $941,387 · management and general $159,119 · fundraising $240,342

  • 8 · Pension plan contributions

    total $135,310 · program services $97,453 · management and general $14,481 · fundraising $23,376

  • 9 · Other employee benefits

    total $138,906 · program services $100,079 · management and general $16,428 · fundraising $22,399

  • 10 · Payroll taxes

    total $169,526 · program services $118,195 · management and general $21,756 · fundraising $29,575

  • 11b · Fees: legal

    total $25,529 · program services $7,287 · management and general $16,689 · fundraising $1,553

  • 11c · Fees: accounting

    total $31,465 · management and general $31,465

  • 11f · Fees: investment management

    total $65,084 · management and general $65,084

  • 11g · Fees: other

    total $1,259,844 · program services $1,130,298 · management and general $13,211 · fundraising $116,335

  • 12 · Advertising and promotion

    total $263,994 · program services $263,994

  • 13 · Office expenses

    total $503,857 · program services $453,323 · management and general $37,230 · fundraising $13,304

  • 14 · Information technology

    total $284,052 · program services $235,496 · management and general $11,364 · fundraising $37,192

  • 16 · Occupancy

    total $74,478 · program services $57,228 · management and general $7,312 · fundraising $9,938

  • 17 · Travel

    total $195,717 · program services $114,329 · management and general $8,452 · fundraising $72,936

  • 20 · Interest

    total $21 · management and general $21

  • 22 · Depreciation, depletion and amortization

    total $70,725 · program services $49,311 · management and general $9,076 · fundraising $12,338

  • 23 · Insurance

    total $32,108 · program services $22,387 · management and general $4,120 · fundraising $5,601

  • 24a · Other expenses: FUNDRAISING EXPENSES

    total $1,277,469 · fundraising $1,277,469

  • 24b · Other expenses: MEMBERSHIP DUES & SUBS.

    total $76,771 · program services $74,340 · management and general $93 · fundraising $2,338

  • 24c · Other expenses: DONOR PREMIUMS

    total $18,695 · fundraising $18,695

  • 24d · Other expenses: CORPORATE TAXES

    total $128 · program services $88 · management and general $17 · fundraising $23

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $946,295 · end of year $1,389,348

  • 3 · Pledges and grants receivable

    beginning of year $333,779 · end of year $462,881

  • 4 · Accounts receivable

    beginning of year $96,752 · end of year $174

  • 9 · Prepaid expenses and deferred charges

    beginning of year $97,990 · end of year $51,279

  • 10a · Land, buildings and equipment: cost or other basis

    $2,112,583

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,670,513

  • 10c · Land, buildings and equipment, net

    beginning of year $419,624 · end of year $442,070

  • 11 · Investments: publicly traded securities

    beginning of year $6,506,077 · end of year $7,858,328

  • 13 · Investments: program-related

    beginning of year $573,109 · end of year $573,109

  • 15 · Other assets

    beginning of year $38,492 · end of year $34,369

  • 17 · Accounts payable and accrued expenses

    beginning of year $481,335 · end of year $478,006

  • 25 · Other liabilities

    beginning of year $38,492 · end of year $34,390

  • 27 · Net assets without donor restrictions

    beginning of year $7,940,559 · end of year $9,783,259

  • 28 · Net assets with donor restrictions

    beginning of year $551,732 · end of year $515,903

Mission and programs · 2023

Mission

CRC CONDUCTS RESEARCH ON THE INFLUENCE SECTOR, INCLUDING THE ADVOCACY GROUPS, THINK TANKS, FOUNDATIONS, ACTIVISTS, OTHER OPINION LEADERS, AND GROUPS INFLUENCING THE PUBLIC POLICY PROCESS.

Activities or mission (Part I)

TO PROMOTE A BETTER UNDERSTANDING OF CHARITY AND PHILANTHROPY.

  • RESEARCH: CRC CONDUCTS RESEARCH ON THE INFLUENCE SECTOR, INCLUDING THE ADVOCACY GROUPS, THINK TANKS, FOUNDATIONS, ACTIVISTS, OTHER OPINION LEADERS, AND GROUPS INFLUENCING THE PUBLIC POLICY PROCESS. CRC STRIVES TO PRODUCE IRONCLAD RESEARCH THAT IS USED TO DEVELOP COMMUNICATIONS PRODUCTS TO EDUCATE THE PUBLIC ON HOW SPECIAL INTERESTS ARE PROTECTED. CRC SHARES ITS RESEARCH THROUGH REGULAR PRINT PUBLICATIONS, A DYNAMIC WEBSITE (CAPITALRESEARCH ORG), EDUCATIONAL VIDEOS, SOCIAL MEDIA CHANNELS, A PODCAST AND OTHER OUTLETS. CRC'S RESEARCH SPECIALTIES INCLUDE INVESTIGATING CHARITABLE GROUPS ENGAGING IN POLICY (AND POTENTIALLY POLITICAL) ADVOCACY; OTHER TAX-EXEMPT SPECIAL INTEREST ENTITIES AND SOCIAL WELFARE GROUPS; FOUNDATIONS, INDIVIDUAL DONORS, AND GRANT-MAKING ORGANIZATIONS; LABOR UNIONS, THEIR MISSION, FINANCIAL SUPPORT, ORGANIZING CAMPAIGNS, SOURCES OF SUPPORT, AND POLITICAL ACTIVITIES. CRC ALSO PROFILES OTHER INFLUENCERS, INCLUDING THE MEDIA AND WELL-KNOWN ACTIVISTS AND POLICYMAKERS. CRC PRODUCED EIGHT (8) PRINT/MAGAZINE PUBLICATIONS OF LONG-FORM ARTICLES AND POPULATED THE WEBSITE WITH ROUGHLY TEN POSTS PER WEEK OF ORIGINAL RESEARCH AND COMMENTARY.

    Expenses $1,943,323 · Revenue $1,032

  • INFLUENCE WATCH: CRC MAINTAINS INFLUENCEWATCH.ORG. A WIKI-STYLE ONLINE RESOURCE OF FACT-BASED, ACCURATE DESCRIPTIONS OF THE VARIOUS INFLUENCERS OF PUBLIC POLICY DEBATES. INFLUENCEWATCH STRIVES TO BE COMPREHENSIVE, PROVIDING FREQUENTLY UPDATED PROFILES COMPLETE WITH RELIABLE SOURCING. PROFILES INCLUDE ACTIVISTS, NON-PROFIT ENTITIES, FOR-PROFIT ENTITIES, LABOR UNIONS, POLITICAL ACTION COMMITTEES, AGENCIES, LEGISLATION, AND MOVEMENTS. THE WEBSITE GREW TO 13,500 TOTAL ENTRIES, WITH APPROXIMATELY 7,500 LONG PROFILES COMPLETED. WEBSITE TRAFFIC GREW TO 2.5 MILLION UNIQUE USERS AND 6.8 MILLION PAGEVIEWS. IN 2023, INFLUENCEWATCH BEGAN SENDING A MONTHLY NEWSLETTER TO FEDERAL AND STATE LEGISLATORS.

    Expenses $1,090,247

  • COMMUNICATIONS: CRC DISSEMINATES ITS RESEARCH (VIA PRESS RELEASE, MEDIA STATEMENTS, AND OTHER MEDIA RELATIONS EFFORTS) TO NEWS OUTLETS THAT COVER THE TOPIC OF PUBLIC POLICY INFLUENCE. CRC'S MEDIA APPEARANCES (INCLUDING OP-EDS, INTERVIEWS, REFERENCES IN THE MEDIA, AND OTHER CITATIONS IN OUTLETS LIKE THE WALL STREET JOURNAL, THE ATLANTA JOURNAL-CONSTITUTION, THE WASHINGTON POST, FOX NEWS, THE CHRONICLE OF PHILANTHROPY, NATIONAL REVIEW, REALCLEAR POLITICS, WASHINGTON EXAMINER, WASHINGTON FREE BEACON, THE DAILY CALLER) QUADRUPLED IN 2023, REACHING OVER 1200 MEDIA APPEARANCES. CRC'S MANY EDUCATIONAL VIDEOS WERE VIEWED NEARLY 9 MILLION TIMES ON YOUTUBE AND FACEBOOK. CRC'S COMBINED SOCIAL MEDIA REACH WAS OVER 3.5 MILLION ACROSS X AND META AND COMBINED ENGAGEMENT TOTALLED 400,000.

    Expenses $426,871

  • SOCIAL MEDIA

    Expenses $338,994

  • OUTREACH

    Expenses $287,788

  • CENTER FOR STRATEGIC GIVING

    Expenses $276,267

  • DANGEROUS DOCUMENTARIES

    Expenses $69,354

  • RESEARCH ARCHIVES

    Expenses $62,442

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eric O'Keefe

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Sarah Atkins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Robert E Challey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Gordon Cummings

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Hon Edwin Meese III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • William Meyersohn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Thomas S Winter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Scott Walter

    PRESIDENT

    Total calculated
    $432,787
    From this org
    $348,566
    From related orgs
    $0
    Other
    $84,221
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $348,566
    Bonus
    $0
    Other
    $0
    Deferred
    $49,500
    Nontaxable benefits
    $34,721
    Filer's total
    $432,787
  • Christopher Krukewitt

    CHIEF FINANCIAL & OPERATIONS OFFICER

    Total calculated
    $155,576
    From this org
    $125,326
    From related orgs
    $0
    Other
    $30,250
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,326
    Bonus
    $0
    Other
    $0
    Deferred
    $19,896
    Nontaxable benefits
    $10,354
    Filer's total
    $155,576
  • Kristen Eastlick

    SENIOR VICE PRESIDENT

    Total calculated
    $218,506
    From this org
    $181,804
    From related orgs
    $0
    Other
    $36,702
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,804
    Bonus
    $0
    Other
    $0
    Deferred
    $27,827
    Nontaxable benefits
    $8,875
    Filer's total
    $218,506
  • Michael E Hartmann

    SENIOR FELLOW AND DIRECTOR

    Total calculated
    $206,495
    From this org
    $169,995
    From related orgs
    $0
    Other
    $36,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,995
    Bonus
    $0
    Other
    $0
    Deferred
    $26,146
    Nontaxable benefits
    $10,354
    Filer's total
    $206,495
  • Dan Thompson

    VP OF PHILANTHROPY & DEVELOPMENT

    Total calculated
    $195,679
    From this org
    $155,977
    From related orgs
    $0
    Other
    $39,702
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,977
    Bonus
    $0
    Other
    $0
    Deferred
    $25,017
    Nontaxable benefits
    $14,685
    Filer's total
    $195,679
  • Jon Rodeback

    MANAGING EDITOR & DIR. OF CONTENT

    Total calculated
    $122,162
    From this org
    $108,271
    From related orgs
    $0
    Other
    $13,891
    Hours/week
    40
  • Michael K Watson

    RESEARCH DIRECTOR

    Total calculated
    $121,891
    From this org
    $106,549
    From related orgs
    $0
    Other
    $15,342
    Hours/week
    40
  • Beth A Bottcher

    PHILANTHROPY OFFICER

    Total calculated
    $119,059
    From this org
    $102,500
    From related orgs
    $0
    Other
    $16,559
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202403149349300705

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.