The Concord Fund
- Assets
- $1.8m
- Revenue
- $48.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- Data as of
- 06/2021
- EIN
- 20-2303252
Organization Overview
The Concord Fund is located in Washington, DC. As of 06/2021, Concord Fund employed 4 individuals. Concord Fund is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2021, Concord Fund generated $48.1m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 27.6% each year . All expenses for the organization totaled $51.1m during the year ending 06/2021. While expenses have increased by 23.3% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Concord Fund has awarded 60 individual grants totaling $40,243,955. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CONCORD FUND IS TO PROMOTE THE VISION OF LIBERTY AND JUSTICE IN AMERICA, FIDELITY TO THE PRINCIPLES OF FEDERALISM AND THE RULE OF LAW, TO EDUCATE AND ORGANIZE CITIZENS IN THIS MISSION, AND TO ENCOURAGE REFORMS THAT ACHIEVE THESE ENDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR ENDING JUNE 30, 2021, THE CONCORD FUND PRODUCED RADIO AND TELEVISION ADVERTISEMENTS REGARDING SIGNIFICANT LEGAL AND CIVIC ISSUES, INCLUDING UNITED STATES SUPREME COURT VACANCIES AND CONFIRMATIONS, COURT PACKING, EXECUTIVE BRANCH APPOINTMENTS, FEDERALISM, AND CIVIC ACCOUNTABILITY. THE ORGANIZATION ALSO MAINTAINED WEBSITES PROMOTING THE CONFIRMATION OF VARIOUS JUDICIAL NOMINEES AS WELL AS HIGHLIGHTING THE NEWS OF JUDICIAL CONFIRMATIONS AT THE FEDERAL AND STATE LEVEL. THE ORGANIZATION CONDUCTED MEDIA AND PUBLIC PRESENTATIONS COVERING JUDICIAL AND EXECUTIVE BRANCH NOMINATIONS, SUPREME COURT VACANCIES, MAJOR SUPREME COURT CASES BEING CONSIDERED, PREVIEWS OF THE UPCOMING TERM, AND PRINCIPLES OF FEDERALISM AND CIVIC ACCOUNTABILITY. ALL THESE ACTIVITIES HAVE HELPED TO STRENGTHEN THE RULE OF LAW, REINFORCE THE VIEW OF A FAIR AND IMPARTIAL JUDICIARY, PROMOTE FIDELITY TO THE PRINCIPLES OF FEDERALISM AND CIVIC ACCOUNTABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Corkery Counsel | 30 | $256,063 | |
Frank J Scaturro Counsel | 30 | $242,500 | |
Carrie L Severino President | 30 | $139,667 | |
Gary Marx Secretary, Treasurer, Director | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crc Advisors Consulting | 6/29/21 | $7,679,331 |
Mentzer Media Advocacy | 6/29/21 | $6,194,131 |
Creative Direct Advocacy | 6/29/21 | $1,827,221 |
Mwpolitical Advocacy | 6/29/21 | $725,519 |
Bh Group Consulting | 6/29/21 | $500,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,134,887 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,134,887 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,134,887 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,753,200 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $736,438 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $50,122 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $198,376 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,933,625 |
| Advertising and promotion | $0 |
| Office expenses | $84,930 |
| Information technology | $84,433 |
| Royalties | $0 |
| Occupancy | $186,653 |
| Travel | $60,507 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,655 |
| Insurance | $16,440 |
| All other expenses | $0 |
| Total functional expenses | $51,141,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,483,408 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $247,716 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $78,832 |
| Total assets | $1,809,956 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,809,956 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,809,956 |
Grants Awarded
Over the last fiscal year, The Concord Fund has awarded $27,733,300 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
Haymarket, VA PURPOSE: General Operating | $9,000,000 |
REPUBLICAN ATTORNEYS GENERAL ASSOC PURPOSE: General Operating | $4,834,000 |
Arlington, VA PURPOSE: General Operating | $2,254,300 |
Washington, DC PURPOSE: General Operating | $1,860,000 |
CLUB FOR GROWTH PURPOSE: General Operating | $1,100,000 |
Duluth, GA PURPOSE: General Operating | $1,060,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Concord Fund has recieved totaling $86,700,000.
| Awarding Organization | Amount |
|---|---|
Marble Freedom Trust Centerville, UT PURPOSE: GENERAL OPERATING | $28,900,000 |
Marble Freedom Trust Centerville, UT PURPOSE: GENERAL OPERATING | $28,900,000 |
Marble Freedom Trust Centerville, UT PURPOSE: GENERAL OPERATING | $28,900,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Adventist Development And Relief Agency International Silver Spring, MD | $93,556,695 | $133,531,867 |
Point Park University Pittsburgh, PA | $213,510,842 | $122,379,566 |
Wellmont Medical Associates Inc Johnson City, TN | $20,115,154 | $123,355,433 |
Maryview Hospital Llc Suffolk, VA | $0 | $126,392,609 |
Leconte Medical Center Knoxville, TN | $91,240,969 | $144,185,798 |
Columbus Regional Healthcare System Whiteville, NC | $197,969,739 | $134,524,668 |
Mount Saint Marys University Emmitsburg, MD | $202,133,149 | $126,243,509 |
Moses Cone Physician Services Inc Greensboro, NC | $50,601,187 | $84,107,412 |
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
U S Committee For Refugees And Immigrants Inc Arlington, VA | $73,971,820 | $124,758,624 |
Lehigh Valley Hospital - Schuykill Allentown, PA | $123,931,422 | $141,448,853 |