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Nonprofiteer
← OPENSECRETS

Form 990 for tax year 2022

Filed by OPENSECRETS.

Totals

Total revenue
$4,992,704
Total expenses
$3,985,037
Contributions and grants received
$4,218,548
Grants paid
$0
Program service revenue
$414,807
Investment income
$177,987
Other revenue
$181,362
Total assets, end of year
$6,337,413
Total liabilities, end of year
$419,136
Net assets or fund balances, end of year
$5,918,277
Program services expenses (Part IX)
$3,140,504
Management and general expenses
$413,616
Fundraising expenses
$430,917
Program service expenses (Part III)
$3,140,504

Program services were 78.8% 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.

  • 1e · Government grants (contributions)

    $284,476

  • 1f · All other contributions, gifts and grants

    $3,934,072

  • 1g · Noncash contributions included above

    $300,000

  • 2a · Program service revenue: CONTRACTS

    total $389,443 · related or exempt $389,443

  • 2b · Program service revenue: LIBRARY FEES

    total $25,364 · related or exempt $25,364

  • 3 · Investment income

    total $142,696 · excluded $142,696

  • 7a · Gross sales of assets other than inventory

    securities $556,357

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

    securities $521,066

  • 7c · Gain or loss

    securities $35,291

  • 7d · Net gain or loss

    total $35,291 · excluded $35,291

  • 11a · Other revenue: GAIN ON LEASE TERMINAT

    total $181,362 · related or exempt $181,362

  • 11e · Other revenue, total

    $181,362

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $173,271 · program services $155,943 · management and general $8,664 · fundraising $8,664

  • 7 · Other salaries and wages

    total $2,213,228 · program services $1,891,364 · management and general $68,006 · fundraising $253,858

  • 8 · Pension plan contributions

    total $32,395 · program services $27,646 · management and general $979 · fundraising $3,770

  • 9 · Other employee benefits

    total $263,619 · program services $226,039 · management and general $8,421 · fundraising $29,159

  • 10 · Payroll taxes

    total $209,052 · program services $179,319 · management and general $6,708 · fundraising $23,025

  • 11c · Fees: accounting

    total $98,794 · management and general $98,794

  • 11f · Fees: investment management

    total $7,686 · management and general $7,686

  • 11g · Fees: other

    total $295,085 · program services $230,428 · management and general $7,401 · fundraising $57,256

  • 13 · Office expenses

    total $43,412 · program services $24,539 · management and general $15,721 · fundraising $3,152

  • 14 · Information technology

    total $120,271 · program services $103,165 · management and general $3,859 · fundraising $13,247

  • 16 · Occupancy

    total $355,310 · program services $153,805 · management and general $181,756 · fundraising $19,749

  • 17 · Travel

    total $93,426 · program services $80,138 · management and general $2,998 · fundraising $10,290

  • 22 · Depreciation, depletion and amortization

    total $61,020 · program services $52,341 · management and general $1,958 · fundraising $6,721

  • 23 · Insurance

    total $18,393 · program services $15,777 · management and general $590 · fundraising $2,026

  • 24e · All other expenses

    total $75 · management and general $75

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $516,463 · end of year $338,771

  • 2 · Savings and temporary cash investments

    beginning of year $101,150 · end of year $251,476

  • 3 · Pledges and grants receivable

    beginning of year $800,000 · end of year $2,125,065

  • 4 · Accounts receivable

    beginning of year $134,400 · end of year $396,845

  • 9 · Prepaid expenses and deferred charges

    beginning of year $47,216 · end of year $96,350

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

    $848,130

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

    $555,232

  • 10c · Land, buildings and equipment, net

    beginning of year $341,039 · end of year $292,898

  • 11 · Investments: publicly traded securities

    beginning of year $4,082,827 · end of year $2,807,843

  • 15 · Other assets

    beginning of year $0 · end of year $28,165

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,183 · end of year $39,645

  • 25 · Other liabilities

    beginning of year $734,381 · end of year $379,491

  • 27 · Net assets without donor restrictions

    beginning of year $1,406,198 · end of year $1,402,763

  • 28 · Net assets with donor restrictions

    beginning of year $3,818,333 · end of year $4,515,514

Mission and programs · 2022

Mission

THE CENTER FOR RESPONSIVE POLITICS AND THE NATIONAL INSTITUTE ON MONEY IN POLITICS MERGED IN 2021 TO BECOME OPENSECRETS. THIS INDEPENDENT AND NONPARTISAN ORGANIZATION EDUCATES THE AMERICAN PUBLIC ABOUT STATE AND FEDERAL MONEY'S INFLUENCE ON POLITICS AND (CONTINUED ON SCHEDULE 'O') POLICY AND ADVOCATES FOR A MORE TRANSPARENT AND ACCOUNTABLE GOVERNMENT. OPENSECRETS CONDUCTS NON-PARTISAN RESEARCH ON CAMPAIGN FINANCE ON STATE AND FEDERAL ELECTIONS AND PUBLIC POLICY. OPENSECRETS' MISSION IS TO TRACK THE FLOW OF MONEY IN AMERICAN POLITICS AND PROVIDE THE DATA AND ANALYSIS TO STRENGTHEN DEMOCRACY.

Activities or mission (Part I)

OPENSECRETS IS THE LEADING RESEARCH ORGANIZATION TRACKING MONIES (CONTINUED ON SCHEDULE 'O') AND ITS EFFECTS ON STATE AND FEDERAL ELECTIONS AND PUBLIC POLICY. THE ORGANIZATION'S NON PARTISAN WORK IS AIMED AT CREATING A MORE EDUCATED VOTER, AN INVOLVED CITIZENRY AND A MORE RESPONSIVE AND ACCOUNTABLE GOVERNMENT.

  • EDUCATION AND OUTREACH: A FOUR-TIME WEBBY WINNER FOR BEING THE BEST POLITICS RESOURCE ONLINE, OPENSECRETS' WEBSITE, OPENSECRETS.ORG, ALLOWS USERS TO EXPLORE THE CONNECTIONS BETWEEN MONEY AND POLITICS. FREELY AVAILABLE, EASY TO USE DATABASES TRACK STATE AND FEDERAL CAMPAIGN CONTRIBUTIONS, LOBBYING, THE REVOLVING DOOR AND POLITICIANS' PERSONAL FINANCES IN A VARIETY OF ILLUMINATING WAYS, SUCH AS BY INDUSTRY AND INTEREST GROUP. (CONTINUED ON SCHEDULE O) OPEN SECRETS REACHES OUT TO ENGAGE WITH NEW AUDIENCES VIA SOCIAL MEDIA AND INTERACTIVE TOOLS ON OUR SITE. OS STAFF ASSIST NEWS ORGANIZATIONS LARGE AND SMALL WITH THEIR MONEY IN POLITICS INVESTIGATIONS. THESE COLLABORATIONS RESULT IN FREQUENT CITATIONS OF OPENSECRETS' DATA IN THE NATION'S MOST PROMINENT PRINT, BROADCAST AND ONLINE NEWS OUTLETS.

    Expenses $1,256,201

  • RESEARCH AND ANALYSIS: OPENSECRETS' REPORTING STAFF AND RESEARCHERS WORK HAND-IN-HAND TO COMB THE DATA FOR PATTERNS AND ANOMALIES, WHICH ARE SHARED WITH THE PUBLIC THROUGH OUR DIGITAL E-NEWSLETTER, OPENSECRETSNEWS, REPORTS AND DATA TOOLS. STAFF PUT OPENSECRETS' STATE AND FEDERAL DATA IN CONTEXT, IDENTIFYING TRENDS AND PROVIDING THE MONEY-IN-POLITICS ANGLE TO ONGOING NEWS STORIES AND POLICY DEBATES. (CONTINUED ON SCHEDULE O)OPENSECRETS CONTINUALLY IMPROVES ITS DATA IN ORDER TO PROVIDE AN ACCURATE, CONSISTENT AND COMPREHENSIVE RESOURCE, FREE OF CHARGE, FOR THE PRESS, SCHOLARS, ADVOCATES AND THE PUBLIC. OS FREQUENTLY WORKS WITH OTHER ORGANIZATIONS TO COMBINE ITS UNIQUE VALUE-ADDED DATA WITH OTHER DATA SETS, AND TO CREATE FEATURES ILLUSTRATING THE ROLE MONEY PLAYS IN POLITICS AND POTENTIALLY TRANSFORMATIONAL NEW TOOLS.

    Expenses $1,884,303 · Revenue $414,807

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Grace Hong

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3
  • Daniel Doktori

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Jenkins

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Sonia Jarvis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Keri Dogan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mark Hansen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Charles Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nick Penniman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Victor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Purcell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bert Brandenburg

    CHAIR

    Total calculated
    $0
    Hours/week
    3
  • Maurice Weeks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Caroline Fredrickson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Christopher Gates

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rosalind Gold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Charles Kolb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeff Malachowsky

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Michael Malbin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jodeen Olguin-Tayler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Geri Palast

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ann Ravel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Abby Wood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sheila Krumholz

    EXECUTIVE DIRECTOR

    Total calculated
    $173,271
    From this org
    $167,842
    From related orgs
    $0
    Other
    $5,429
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,842
    Bonus
    $0
    Other
    $0
    Deferred
    $3,357
    Nontaxable benefits
    $2,072
    Filer's total
    $173,271
  • Jennifer Barret

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $143,764
    From this org
    $124,286
    From related orgs
    $0
    Other
    $19,478
    Hours/week
    40
  • Jacob Hileman

    DIRECTOR OF INFORMATION TE

    Total calculated
    $151,136
    From this org
    $142,590
    From related orgs
    $0
    Other
    $8,546
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,590
    Bonus
    $0
    Other
    $0
    Deferred
    $2,852
    Nontaxable benefits
    $5,694
    Filer's total
    $151,136
  • Sarah Bryner

    DIRECTOR OF RESEARCH & STR

    Total calculated
    $130,852
    From this org
    $113,257
    From related orgs
    $0
    Other
    $17,595
    Hours/week
    40
  • Greg Schneider

    DIRECTOR OF OPERATIONS

    Total calculated
    $121,286
    From this org
    $104,338
    From related orgs
    $0
    Other
    $16,948
    Hours/week
    40
  • Edwin Bender

    EXECUTIVE ADVISOR

    Total calculated
    $117,769
    From this org
    $109,399
    From related orgs
    $0
    Other
    $8,370
    Hours/week
    1
  • Brendan Glavin

    SENIOR DATA ANALYST

    Total calculated
    $115,944
    From this org
    $108,067
    From related orgs
    $0
    Other
    $7,877
    Hours/week
    1
  • Anna Massoglia

    EDITORAL & INVESTIGATIONS MANAGER

    Total calculated
    $112,471
    From this org
    $105,419
    From related orgs
    $0
    Other
    $7,052
    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

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD OF DIRECTORS APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION WHEN PREPARING OPENSECRETS' ANNUAL BUDGET. THE BOARD OF DIRECTORS REVIEWS EXECUTIVE COMPENSATION INFORMATION FROM NON PROFIT ORGANIZATIONS THAT ARE SIMILAR IN SIZE AND MISSION TO OPENSECRETS. THE COMPENSATION FOR HIGHLY COMPENSATED EMPLOYEES IS ALSO APPROVED BY THE BOARD OF DIRECTORS BASED ON RECOMMENDATIONS MADE BY THE EXECUTIVE DIRECTOR.

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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349320462

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