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← MAJORITY ACTION

Form 990 for tax year 2024

Filed by MAJORITY ACTION.

Totals

Total revenue
$1,511,754
Total expenses
$2,695,398
Contributions and grants received
$1,511,754
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$807,078
Total liabilities, end of year
$23,683
Net assets or fund balances, end of year
$783,395
Program services expenses (Part IX)
$1,727,479
Management and general expenses
$673,673
Fundraising expenses
$294,246
Program service expenses (Part III)
$1,727,479

Program services were 64.1% 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

    $1,511,754

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $228,083 · program services $138,274 · management and general $60,809 · fundraising $29,000

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,057,339 · program services $639,410 · management and general $282,978 · fundraising $134,951

  • 8 · Pension plan contributions

    total $31,627 · program services $19,736 · management and general $8,051 · fundraising $3,840

  • 9 · Other employee benefits

    total $210,205 · program services $131,174 · management and general $53,512 · fundraising $25,519

  • 10 · Payroll taxes

    total $103,276 · program services $64,447 · management and general $26,291 · fundraising $12,538

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $21,775 · management and general $21,775

  • 11c · Fees: accounting

    total $127,897 · management and general $127,897

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $77,620 · fundraising $77,620

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $715,202 · program services $649,012 · management and general $60,690 · fundraising $5,500

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $5,549 · program services $1,600 · management and general $3,949

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $31,576 · program services $22,004 · management and general $5,989 · fundraising $3,583

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $6,899 · management and general $6,899

  • 24a · Other expenses: DUES SUBSCRIPTIONS

    total $78,350 · program services $61,822 · management and general $14,833 · fundraising $1,695

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $769,559 · end of year $388,717

  • 3 · Pledges and grants receivable

    beginning of year $1,239,831 · end of year $400,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,641 · end of year $1,667

  • 11 · Investments: publicly traded securities

    beginning of year $14,134 · end of year $16,694

  • 17 · Accounts payable and accrued expenses

    beginning of year $63,439 · end of year $23,683

  • 27 · Net assets without donor restrictions

    beginning of year $939,479 · end of year $783,395

  • 28 · Net assets with donor restrictions

    beginning of year $1,025,247

Mission and programs · 2024

Mission

MAJORITY ACTIONS MISSION IS TO HOLD CORPORATIONS ACCOUNTABLE TO HIGH STANDARDS OF CORPORATE GOVERNANCE, SOCIAL RESPONSIBILITY, AND LONG-TERM VALUE CREATION.

Activities or mission (Part I)

SEE SCHEDULE O

  • CHANGE TO MAJORITY ACTIONS WORKS TO EDUCATE AND ENGAGE INVESTORS ON THE CRITICAL ROLE OF CORPORATE GOVERNANCE IN CONFRONTING SYSTEMIC RISKS TO LONG-TERM SHAREHOLDER VALUE. WE HARNESS THE POWER OF INVESTORS TO PROMOTE HIGH STANDARDS OF CORPORATE GOVERNANCE ON CORPORATE BOARDS AND ACCELERATE ECONOMY-WIDE ACTION TO ADDRESS THESE RISKS.

    Expenses $1,727,479

As filed on the 2024 return.

Listed in Part VII

  • Sarah Weintraub Schommer

    CHIEF OPERATING OFFICER

    Total calculated
    $154,271
    From this org
    $135,892
    From related orgs
    $0
    Other
    $18,379
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,892
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $18,379
    Filer's total
    $154,271
  • Divya Sundar

    DIRECTOR OF RESEARCH

    Total calculated
    $151,385
    From this org
    $137,198
    From related orgs
    $0
    Other
    $14,187
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,198
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $14,187
    Filer's total
    $151,385
  • Jason Disterhoft

    DIRECTOR OF STRATEGIC INITIATIVES

    Total calculated
    $133,974
    From this org
    $106,824
    From related orgs
    $0
    Other
    $27,150
    Hours/week
    40
  • Whitney Shepard

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $116,421
    From this org
    $107,594
    From related orgs
    $0
    Other
    $8,827
    Hours/week
    40
  • Laura De Palma

    DIRECTOR OF INVESTOR ENGAGEMENT

    Total calculated
    $114,939
    From this org
    $105,498
    From related orgs
    $0
    Other
    $9,441
    Hours/week
    40
  • Bryant Sewell

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $111,660
    From this org
    $102,695
    From related orgs
    $0
    Other
    $8,965
    Hours/week
    40
  • Dennak Murphy

    CHAIR

    Total calculated
    $0
    Hours/week
    1.5
  • Carolyn Laub

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5
  • Renaye Manley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5
  • Nadira Narine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5
  • Janet Shenk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5
  • James Rucker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

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 · 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
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202543179349308744

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