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← AMERICAN COMMITMENT

Form 990 for tax year 2022

Filed by AMERICAN COMMITMENT.

Totals

Total revenue
$23,044,500
Total expenses
$21,028,155
Contributions and grants received
$23,044,500
Grants paid
$13,400,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,381,002
Total liabilities, end of year
$10,853
Net assets or fund balances, end of year
$3,370,149
Program services expenses (Part IX)
$20,700,741
Management and general expenses
$267,714
Fundraising expenses
$59,700
Program service expenses (Part III)
$20,700,741

Program services were 98.4% 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

    $23,044,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,400,000 · program services $13,400,000

  • 5 · Compensation of officers, directors and key employees

    total $386,000 · program services $260,000 · management and general $93,500 · fundraising $32,500

  • 7 · Other salaries and wages

    total $68,000 · program services $13,600 · management and general $27,200 · fundraising $27,200

  • 8 · Pension plan contributions

    total $13,600 · management and general $13,600

  • 9 · Other employee benefits

    total $25,623 · management and general $25,623

  • 10 · Payroll taxes

    total $21,150 · management and general $21,150

  • 11b · Fees: legal

    total $7,525 · management and general $7,525

  • 11c · Fees: accounting

    total $14,340 · management and general $14,340

  • 11g · Fees: other

    total $7,009,773 · program services $7,009,773

  • 13 · Office expenses

    total $7,846 · management and general $7,846

  • 14 · Information technology

    total $17,368 · program services $17,368

  • 16 · Occupancy

    total $33,600 · management and general $33,600

  • 17 · Travel

    total $7,687 · management and general $7,687

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $15,606 · management and general $15,606

  • 24b · Other expenses: SALES TAX

    total $37 · management and general $37

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,360,417 · end of year $3,378,002

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

    $1,000

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

    $1,000

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $3,000 · end of year $3,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,613 · end of year $10,853

  • 27 · Net assets without donor restrictions

    beginning of year $1,353,804 · end of year $3,370,149

Mission and programs · 2022

Mission

FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE CITIZENS OF THE UNITED STATES OF AMERICA BY EDUCATING THE PUBLIC ABOUT FREE MARKET ECONOMIES AND RELATED PUBLIC POLICIES.

Activities or mission (Part I)

FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE CITIZENS OF THE UNITED STATES OF AMERICA BY EDUCATING THE PUBLIC ABOUT FREE MARKET ECONOMIES AND RELATED POLICIES.

  • DIRECT CITIZEN ENGAGEMENT: RESEARCH AND CIVIC EDUCATION PROGRAMS FOCUSED ON FEDERAL POLICIES RELATED TO A STRONG FREE MARKET ECONOMY.

    Expenses $13,455,482 · Grants $8,710,000

  • COALITION BUILDING: THE ORGANIZATION HELPED TO BUILD A COALITION OF LIKE-MINDED ORGANIZATIONS AND INDIVIDUALS, WHICH WORKED TO EDUCATE THE PUBLIC ABOUT FREE MARKET ECONOMIES.

    Expenses $7,245,259 · Grants $4,690,000

As filed on the 2022 return.

Listed in Part VII

  • Phillip G Kerpen

    PRESIDENT

    Total calculated
    $385,600
    From this org
    $320,196
    From related orgs
    $0
    Other
    $65,404
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,196
    Bonus
    $0
    Other
    $0
    Deferred
    $61,000
    Nontaxable benefits
    $4,404
    Filer's total
    $385,600

  • Mary Beth Weiss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sean Noble

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 · Form 990 of other organizations
  • 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

Provenance

Return type
form_990
Tax year
2022
Filed
20 October 2023
IRS schema version
2022v5.0
Source object
202322969349301162

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