Project Veritas
- Assets
- $11.9m
- Revenue
- $22.0m
- Investments
- $0.0
- Employees
- 59
- Location
- Mamaroneck, NY
- Founding
- 03/2011
- Data as of
- 12/2020
- EIN
- 27-2894856
Organization Overview
Project Veritas is located in Mamaroneck, NY. The organization was established in 2011. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Project Veritas employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Veritas is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Project Veritas generated $22.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 34.6% each year . All expenses for the organization totaled $14.4m during the year ending 12/2020. While expenses have increased by 28.8% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
INVESTIGATE AND EXPOSE CORRUPTION, DISHONESTY, SELF-DEALING, WASTE, FRAUD, AND OTHER MISCONDUCT IN BOTH PUBLIC AND PRIVATE INSTITUTIONS IN ORDER TO ACHIEVE A MORE ETHICAL AND TRANSPARENT SOCIETY. ALSO ENGAGE IN LITIGATION TO: PROTECT, DEFEND AND EXPAND HUMAN AND CIVIL RIGHTS SECURED BY LAW, SPECIFICALLY FIRST AMENDMENT RIGHTS INCLUDING PROMOTING THE FREE EXCHANGE OF IDEAS IN A DIGITAL WORLD; COMBAT AND DEFEAT CENSORSHIP OF ANY IDEOLOGY; PROMOTE TRUTHFUL REPORTING; AND DEFEND FREEDOM OF SPEECH AND ASSOCIATION ISSUES INCLUDING THE RIGHT TO ANONYMITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF PROJECT VERITAS, INC. IS TO INVESTIGATE AND EXPOSE CORRUPTION, DISHONESTY, SELF-DEALING, WASTE, FRAUD, AND OTHER MISCONDUCT IN BOTH PUBLIC AND PRIVATE INSTITUTIONS IN ORDER TO ACHIEVE A MORE ETHICAL AND TRANSPARENT SOCIETY. ALSO ENGAGE IN LITIGATION TO: PROTECT, DEFEND AND EXPAND HUMAN AND CIVIL RIGHTS SECURED BY LAW, SPECIFICALLY FIRST AMENDMENT RIGHTS INCLUDING PROMOTING THE FREE EXCHANGE OF IDEAS IN A DIGITAL WORLD; COMBAT AND DEFEAT CENSORSHIP OF ANY IDEOLOGY; PROMOTE TRUTHFUL REPORTING; AND DEFEND FREEDOM OF SPEECH AND ASSOCIATION ISSUES INCLUDING THE RIGHT TO ANONYMITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James O'keefe Chairman | OfficerTrustee | 50 | $396,409 |
Jered Ede Chief Legal Off | Officer | 50 | $325,375 |
Tom O'hara CFO | Officer | 50 | $259,646 |
Nancy Vaden-Youmans Exec Producer | 40 | $243,075 | |
John C Sullivan Cco | Officer | 50 | $230,625 |
Randolph John Cestone VP Of Development | 40 | $204,317 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barr & Klein Pllc Legal | 12/30/21 | $506,550 |
Corporate Communications Group Direct Mail | 12/30/21 | $336,061 |
Michael Best & Friedrich Llp Legal | 12/30/21 | $363,166 |
Calli Law Llc Legal | 12/30/21 | $651,791 |
Clare Locke Llp Legal | 12/30/21 | $863,020 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,958,641 |
| Investment income | $3,634 |
| 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 | $22,034,786 |
| Statement of Expenses | |
|---|---|
| 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. | $1,480,582 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,044,914 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $139,242 |
| Payroll taxes | $322,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,917,015 |
| Fees for services: Accounting | $49,287 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $489,814 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,000 |
| Advertising and promotion | $36,523 |
| Office expenses | $338,865 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $179,517 |
| Travel | $2,442,407 |
| 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 | $295,905 |
| Insurance | $108,747 |
| All other expenses | $0 |
| Total functional expenses | $14,355,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,149,752 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $771,493 |
| 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 | $14,975 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,238,298 |
| Total assets | $11,883,753 |
| Accounts payable and accrued expenses | $395,719 |
| 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 | $520,100 |
| Total liabilities | $915,819 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $10,967,934 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Project Veritas has recieved totaling $39,950.
| Awarding Organization | Amount |
|---|---|
Karpus Family Foundation Inc Pittsford, NY PURPOSE: GENERAL PURPOSE | $30,000 |
Cole Family Foundation Salisbury, MD PURPOSE: GENERAL OPERATING COSTS | $5,000 |
Bailey Family Foundation Inc Vero Beach, FL PURPOSE: CHARITABLE PURPOSES | $1,200 |
M A C C Foundation Santa Ana, CA PURPOSE: SPECIAL PROJECTS & OPPORTUNITIES | $1,000 |
Summers Foundation Brentwood, TN PURPOSE: CONTRIBUTION | $1,000 |
William And Joanne Moeller Foundation Scottsdale, AZ PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Performance Review Institute Inc Warrendale, PA | $74,694,465 | $42,815,654 |
First Look Media Works Inc New York, NY | $8,923,263 | $13,712,748 |
Princeton University Press Princeton, NJ | $151,044,829 | $27,595,157 |
Technology Review Inc Cambridge, MA | $6,822,000 | $19,424,000 |
Project Veritas Mamaroneck, NY | $11,883,753 | $22,034,786 |
Journal Of Bone And Joint Surgery Inc Needham, MA | $35,717,891 | $10,120,492 |
Machon Mashe Rockeach Inc Brooklyn, NY | $2,473,215 | $8,597,419 |
Harpers Magazine Foundation New York, NY | $1,648,663 | $7,386,851 |
Retro Report Inc Mystic, CT | $1,128,827 | $6,590,447 |
The New Press Inc New York, NY | $10,475,881 | $7,017,448 |
National Braille Press Inc Boston, MA | $10,542,006 | $5,176,920 |
Medical Letter Inc New Rochelle, NY | $4,157,236 | $5,090,906 |