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Nonprofiteer
← FDD ACTION

Form 990 for tax year 2022

Filed by FDD ACTION.

Totals

Total revenue
$745,854
Total expenses
$713,817
Contributions and grants received
$745,664
Grants paid
$0
Program service revenue
$0
Investment income
$190
Other revenue
$0
Total assets, end of year
$623,419
Total liabilities, end of year
$170,891
Net assets or fund balances, end of year
$452,528
Program services expenses (Part IX)
$664,365
Management and general expenses
$43,483
Fundraising expenses
$5,969
Program service expenses (Part III)
$664,365

Program services were 93.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Clifford May

    President

    Total calculated
    $717,088
    From this org
    $163
    From related orgs
    $678,184
    Other
    $38,741
    Hours/week
    2 + 60 related

    Schedule J breakdown matched by us

    Base
    $163 + $408,132 related
    Bonus
    $0 + $240,000 related
    Other
    $0 + $30,052 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $29,591 related
    Filer's total
    $163 + $716,925 related

  • Lawrence Muscant

    Vice President

    Total calculated
    $656,667
    From this org
    $0
    From related orgs
    $610,624
    Other
    $46,043
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $402,324 related
    Bonus
    $0 + $187,500 related
    Other
    $0 + $20,800 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $36,893 related
    Filer's total
    $0 + $656,667 related

  • William McCarthy

    Secretary/Treasurer

    Total calculated
    $551,522
    From this org
    $4,468
    From related orgs
    $537,597
    Other
    $9,457
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $4,468 + $364,763 related
    Bonus
    $0 + $150,000 related
    Other
    $0 + $22,834 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $307 related
    Filer's total
    $4,468 + $547,054 related

  • Toby Dershowitz

    Senior Vice President

    Total calculated
    $624,267
    From this org
    $36,000
    From related orgs
    $566,129
    Other
    $22,138
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $36,000 + $356,149 related
    Bonus
    $0 + $187,500 related
    Other
    $0 + $22,480 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $12,988 related
    Filer's total
    $36,000 + $588,267 related

  • Tyler Stapleton

    Director of Congressional

    Total calculated
    $137,148
    From this org
    $116,244
    From related orgs
    $0
    Other
    $20,904
    Hours/week
    40

  • Maseh Zarif

    Director of Congressional

    Total calculated
    $132,527
    From this org
    $118,765
    From related orgs
    $0
    Other
    $13,762
    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

None.

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

The filer's explanations (Part III)

Schedule J, Part I, Line 3:
FDD Action's related organization, FDD, uses the following methods to establish the compensation of its President: Compensation committee; Independent compensation consultant; Form 990 of other organizations; Written employment contract; Compensation survey; and Approval by the compensation committee

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
18 October 2023
IRS schema version
2022v5.0
Source object
202333009349301353

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

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