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Nonprofiteer
← FDD ACTION

Form 990 for tax year 2023

Filed by FDD ACTION.

Totals

Total revenue
$1,106,163
Total expenses
$1,183,753
Contributions and grants received
$1,105,847
Grants paid
$0
Program services expenses (Part IX)
$1,096,747
Management and general expenses
$52,258
Fundraising expenses
$34,748
Program service expenses (Part III)
$1,096,747

Program services were 92.6% 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
    $800,542
    From this org
    $488
    From related orgs
    $758,588
    Other
    $41,466
    Hours/week
    2 + 60 related

    Schedule J breakdown matched by us

    Base
    $488 + $406,371 related
    Bonus
    $0 + $320,000 related
    Other
    $0 + $32,217 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $31,566 related
    Filer's total
    $488 + $800,054 related

  • Lawrence Muscant

    Vice President

    Total calculated
    $825,654
    From this org
    $0
    From related orgs
    $776,445
    Other
    $49,209
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $453,495 related
    Bonus
    $0 + $300,000 related
    Other
    $0 + $22,950 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $39,309 related
    Filer's total
    $0 + $825,654 related

  • William McCarthy

    Secretary/Treasurer

    Total calculated
    $598,927
    From this org
    $660
    From related orgs
    $588,311
    Other
    $9,956
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $660 + $363,340 related
    Bonus
    $0 + $200,000 related
    Other
    $0 + $24,971 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $56 related
    Filer's total
    $660 + $598,267 related

  • Toby Dershowitz

    Senior Vice President

    Total calculated
    $693,288
    From this org
    $154,276
    From related orgs
    $508,420
    Other
    $30,592
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $85,846 + $302,370 related
    Bonus
    $62,500 + $187,500 related
    Other
    $5,930 + $18,550 related
    Deferred
    $2,475 + $7,425 related
    Nontaxable benefits
    $6,844 + $13,848 related
    Filer's total
    $163,595 + $529,693 related

  • Matthew Zweig

    Senior Director of Policy

    Total calculated
    $272,832
    From this org
    $220,915
    From related orgs
    $0
    Other
    $51,917
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,615
    Bonus
    $26,000
    Other
    $300
    Deferred
    $6,627
    Nontaxable benefits
    $45,290
    Filer's total
    $272,832

  • Tyler Stapleton

    Director of Congressional Relations

    Total calculated
    $150,106
    From this org
    $124,870
    From related orgs
    $0
    Other
    $25,236
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,665
    Bonus
    $5,000
    Other
    $205
    Deferred
    $3,746
    Nontaxable benefits
    $21,490
    Filer's total
    $150,106

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 — 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

  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 8
Bonus targets are set annually by management and the Compensation Committee. Bonuses are paid to staff based on performance and accomplishments. Regular employee bonuses are approved by management. Bonuses to the President, CEO, and officers are set and approved by the Compensation Committee.
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
2023
Filed
22 October 2024
IRS schema version
2023v5.1
Source object
202412999349300046

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

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