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← CAPITAL RESEARCH CENTER

Form 990 for tax year 2022

Filed by CAPITAL RESEARCH CENTER.

Totals

Total revenue
$7,181,137
Total expenses
$7,256,716
Contributions and grants received
$7,055,273
Grants paid
$10,000
Program service revenue
$1,428
Investment income
$115,693
Other revenue
$8,743
Total assets, end of year
$9,012,118
Total liabilities, end of year
$519,827
Net assets or fund balances, end of year
$8,492,291
Program services expenses (Part IX)
$4,537,074
Management and general expenses
$525,409
Fundraising expenses
$2,194,233
Program service expenses (Part III)
$4,537,074

Program services were 62.5% 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

    $7,055,273

  • 1g · Noncash contributions included above

    $25,994

  • 2a · Program service revenue: PUBLICATION

    total $1,428 · related or exempt $1,428

  • 3 · Investment income

    total $115,711 · excluded $115,711

  • 7a · Gross sales of assets other than inventory

    securities $1,114,626

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

    securities $1,114,644

  • 7c · Gain or loss

    securities -$18

  • 7d · Net gain or loss

    total -$18 · excluded -$18

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $6,497 · excluded $6,497

  • 11b · Other revenue: REIMBURSEMENT REVENUE

    total $2,246 · excluded $2,246

  • 11e · Other revenue, total

    $8,743

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 5 · Compensation of officers, directors and key employees

    total $976,470 · program services $660,814 · management and general $113,223 · fundraising $202,433

  • 7 · Other salaries and wages

    total $1,588,351 · program services $1,074,896 · management and general $184,173 · fundraising $329,282

  • 8 · Pension plan contributions

    total $138,188 · program services $93,519 · management and general $16,022 · fundraising $28,647

  • 9 · Other employee benefits

    total $191,776 · program services $129,784 · management and general $22,235 · fundraising $39,757

  • 10 · Payroll taxes

    total $175,703 · program services $118,906 · management and general $20,372 · fundraising $36,425

  • 11b · Fees: legal

    total $12,297 · program services $12,297

  • 11c · Fees: accounting

    total $27,232 · management and general $27,232

  • 11f · Fees: investment management

    total $61,338 · management and general $61,338

  • 11g · Fees: other

    total $1,574,821 · program services $1,446,340 · management and general $12,768 · fundraising $115,713

  • 12 · Advertising and promotion

    total $376,239 · program services $269,154 · fundraising $107,085

  • 13 · Office expenses

    total $1,667,720 · program services $457,338 · management and general $40,697 · fundraising $1,169,685

  • 14 · Information technology

    total $62,739 · program services $43,147 · management and general $5,993 · fundraising $13,599

  • 16 · Occupancy

    total $74,217 · program services $55,899 · management and general $6,570 · fundraising $11,748

  • 17 · Travel

    total $194,963 · program services $109,730 · management and general $5,320 · fundraising $79,913

  • 22 · Depreciation, depletion and amortization

    total $60,121 · program services $40,686 · management and general $6,971 · fundraising $12,464

  • 23 · Insurance

    total $21,520 · program services $14,564 · management and general $2,495 · fundraising $4,461

  • 24a · Other expenses: DONOR PREMIUMS

    total $43,021 · fundraising $43,021

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $694,462 · end of year $946,295

  • 3 · Pledges and grants receivable

    beginning of year $469,405 · end of year $333,779

  • 4 · Accounts receivable

    end of year $96,752

  • 9 · Prepaid expenses and deferred charges

    beginning of year $49,116 · end of year $97,990

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

    $2,019,413

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

    $1,599,789

  • 10c · Land, buildings and equipment, net

    beginning of year $386,783 · end of year $419,624

  • 11 · Investments: publicly traded securities

    beginning of year $8,412,784 · end of year $6,506,077

  • 13 · Investments: program-related

    beginning of year $573,109 · end of year $573,109

  • 15 · Other assets

    beginning of year $0 · end of year $38,492

  • 17 · Accounts payable and accrued expenses

    beginning of year $558,457 · end of year $481,335

  • 25 · Other liabilities

    beginning of year $0 · end of year $38,492

  • 27 · Net assets without donor restrictions

    beginning of year $9,164,996 · end of year $7,940,559

  • 28 · Net assets with donor restrictions

    beginning of year $862,206 · end of year $551,732

Mission and programs · 2022

Mission

CRC CONDUCTS RESEARCH ON THE INFLUENCE SECTOR, INCLUDING THE ADVOCACY GROUPS, THINK TANKS, FOUNDATIONS, ACTIVISTS, OTHER OPINION LEADERS, AND GROUPS INFLUENCING THE PUBLIC POLICY PROCESS.

  • CRC CONDUCTS RESEARCH ON THE INFLUENCE SECTOR, INCLUDING THE ADVOCACY GROUPS, THINK TANKS, FOUNDATIONS, ACTIVISTS, OTHER OPINION LEADERS, AND GROUPS INFLUENCING THE PUBLIC POLICY PROCESS. CRC STRIVES TO PRODUCE IRONCLAD RESEARCH THAT IS USED TO DEVELOP COMMUNICATIONS PRODUCTS TO EDUCATE THE PUBLIC ON HOW SPECIAL INTERESTS ARE PROTECTED. CRC SHARES ITS RESEARCH THROUGH REGULAR PRINT PUBLICATIONS, A DYNAMIC WEBSITE (CAPITALRESEARCH ORG), EDUCATIONAL VIDEOS, SOCIAL MEDIA CHANNELS, A PODCAST AND OTHER OUTLETS. CRC'S RESEARCH SPECIALTIES INCLUDE INVESTIGATING CHARITABLE GROUPS ENGAGING IN POLICY (AND POTENTIALLY POLITICAL) ADVOCACY; OTHER TAX-EXEMPT SPECIAL INTEREST ENTITIES AND SOCIAL WELFARE GROUPS; FOUNDATIONS, INDIVIDUAL DONORS, AND GRANT-MAKING ORGANIZATIONS; LABOR UNIONS, THEIR MISSION, FINANCIAL SUPPORT, ORGANIZING CAMPAIGNS, SOURCES OF SUPPORT, AND POLITICAL ACTIVITIES. CRC ALSO PROFILES OTHER INFLUENCERS, INCLUDING THE MEDIA AND WELL-KNOWN ACTIVISTS AND POLICYMAKERS. CRC PRODUCED EIGHT (8) PRINT/MAGAZINE PUBLICATIONS OF LONG-FORM ARTICLES AND POPULATED THE WEBSITE WITH ROUGHLY TEN POSTS PER WEEK OF ORIGINAL RESEARCH AND COMMENTARY.

    Expenses $1,777,171 · Revenue $1,428

  • INFLUENCE WATCH: CRC MAINTAINS INFLUENCEWATCH.ORG, A WIKI-STYLE ONLINE RESOURCE OF FACT-BASED, ACCURATE DESCRIPTIONS OF THE VARIOUS INFLUENCERS OF PUBLIC POLICY DEBATES. INFLUENCEWATCH STRIVES TO BE COMPREHENSIVE, PROVIDING FREQUENTLY UPDATED PROFILES COMPLETE WITH RELIABLE SOURCING. PROFILES INCLUDE ACTIVISTS, NON-PROFIT ENTITIES, FOR-PROFIT ENTITIES, LABOR UNIONS, POLITICAL ACTION COMMITTEES, AGENCIES, LEGISLATION, AND MOVEMENTS. THE WEBSITE GREW TO 10,000 TOTAL ENTRIES, WITH APPROXIMATELY 5,700 LONG PROFILES COMPLETED. WEBSITE TRAFFIC GREW TO 2.1 MILLION UNIQUE USERS AND 4.85 MILLION PAGEVIEWS.

    Expenses $1,108,845

  • COMMUNICATIONS: CRC DISSEMINATES ITS RESEARCH (VIA PRESS RELEASE, MEDIA STATEMENTS, AND OTHER MEDIA RELATIONS EFFORTS) TO NEWS OUTLETS THAT COVER THE TOPIC OF PUBLIC POLICY INFLUENCE. CRC'S MEDIA APPEARANCES (INCLUDING OP-EDS, INTERVIEWS, REFERENCES IN THE MEDIA, AND OTHER CITATIONS IN OUTLETS LIKE TIME MAGAZINE, NEW YORK POST, ESSENCE MAGAZINE, THE WALL STREET JOURNAL, FOX NEWS, REAL CLEAR INVESTIGATIONS, THE WASHINGTON TIMES, THE DAILY CALLER, NATIONAL REVIEW, THE WASHINGTON EXAMINER) QUADRUPLED IN 2022, REACHIGN OVER 1200 MEDIA APPEARANCES. CRC'S MANY EDUCATIONAL VIDEOS WERE VIEWED NEARLY 8 MILLION TIMES ON YOUTUBE AND FACEBOOK. CRC'S COMBINED SOCIAL MEDIA REACHING ON META AND TWITTER REACHED 2 MILLION, AND THE INFLUENCEWATCH PODCAST EJOYED AN AVERAGE EPISODE RATE OF NEARLY 750 LIFETIME DOWNLOADS PER EPISODE.

    Expenses $386,079 · Grants $10,000

  • DANGEROUS DOCUMENTARIES

    Expenses $305,619

  • OUTREACH

    Expenses $321,112

  • SOCIAL MEDIA

    Expenses $296,496

  • CENTER FOR STRATEGIC GIVING

    Expenses $239,535

  • RESEARCH ARCHIVES

    Expenses $102,217

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

Listed in Part VII

  • Michael Franc

    CHAIRMAN (UNTIL NOVEMBER 2022)

    Total calculated
    $0
    Hours/week
    1

  • Robert E Challey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gordon Cummings

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Edwin Meese III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William Meyersohn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Eric O'Keefe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Thomas S Winter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sarah Atkins

    TRUSTEE (SINCE NOV 2022)

    Total calculated
    $0
    Hours/week
    1

  • Scott Walter

    PRESIDENT

    Total calculated
    $432,520
    From this org
    $358,024
    From related orgs
    $0
    Other
    $74,496
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $358,024
    Bonus
    $0
    Other
    $0
    Deferred
    $44,950
    Nontaxable benefits
    $29,546
    Filer's total
    $432,520

  • Christopher Krukewitt

    CHIEF FINANCIAL & OPERATIONS OFFICER

    Total calculated
    $127,129
    From this org
    $101,880
    From related orgs
    $0
    Other
    $25,249
    Hours/week
    40

  • Kristen Eastlick

    SENIOR VICE PRESIDENT

    Total calculated
    $213,823
    From this org
    $178,674
    From related orgs
    $0
    Other
    $35,149
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,674
    Bonus
    $0
    Other
    $0
    Deferred
    $27,177
    Nontaxable benefits
    $7,972
    Filer's total
    $213,823

  • Michael E Hartmann

    SENIOR FELLOW AND DIRECTOR

    Total calculated
    $202,998
    From this org
    $168,021
    From related orgs
    $0
    Other
    $34,977
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,021
    Bonus
    $0
    Other
    $0
    Deferred
    $25,659
    Nontaxable benefits
    $9,318
    Filer's total
    $202,998

  • Dan Thompson

    VP OF PHILANTHROPY & DEVELOPMENT

    Total calculated
    $184,183
    From this org
    $147,419
    From related orgs
    $0
    Other
    $36,764
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,419
    Bonus
    $0
    Other
    $0
    Deferred
    $23,354
    Nontaxable benefits
    $13,410
    Filer's total
    $184,183

  • Jon Rodeback

    MANAGING EDITOR&DIRECTOR OF CONTENT

    Total calculated
    $128,730
    From this org
    $115,612
    From related orgs
    $0
    Other
    $13,118
    Hours/week
    40

  • Michael K Watson

    RESEARCH DIRECTOR

    Total calculated
    $124,525
    From this org
    $108,922
    From related orgs
    $0
    Other
    $15,603
    Hours/week
    40

  • Sarah Lee

    DIRECTOR OF COMMS. & EXT. RELATIONS

    Total calculated
    $119,734
    From this org
    $100,341
    From related orgs
    $0
    Other
    $19,393
    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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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
CRC REVIEWS THE FORM 990S OF SIMILAR ORGANIZATIONS IN THE WASHINGTON DC AREA AND THE ANNUAL THINK TANK COMPENSATION STUDY WHICH COLLECTS COMPENSATION AND BENEFITS DATA RELEVANT TO THINK TANKS AND RESEARCH ORGANIZATIONS LOCATED IN THE U.S. THAT CONDUCT RESEARCH IN THE PUBLIC POLICY, FOREIGN POLICY, AND INTERNATIONAL RELATIONS ARENAS. THIRTY-FOUR RESPONDENTS PROVIDED SUFFICIENT INFORMATION TO BE INCLUDED IN THE 2021 SURVEY. IN ADDITION, THE BOARD OF TRUSTEES UTILIZES ITS EXPERIENCE AND EXPERTISE.

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
14 November 2023
IRS schema version
2022v5.0
Source object
202333189349301933

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

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