Foundation For Government Accountability Inc
- Assets
- $12.7m
- Revenue
- $14.0m
- Investments
- $0.0
- Employees
- 57
- Location
- Naples, FL
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 45-2637507
Organization Overview
Foundation For Government Accountability Inc is located in Naples, FL. The organization was established in 2011. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Foundation For Government Accountability Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Government Accountability Inc 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 12/2022, Foundation For Government Accountability Inc generated $14.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $12.2m during the year ending 12/2022. While expenses have increased by 18.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO FORMULATE AND PROMOTE PUBLIC POLICIES BASED ON THE PRINCIPLES OF TRANSPARENCY, THE FREE MARKET, INDIVIDUAL FREEDOM, AND LIMITED CONSTITUTIONAL GOVERNMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WELFARE AND UNEMPLOYMENT REFORM: A PROJECT TO IDENTIFY AND PROMOTE POLICIES THAT SUCCESSFULLY MOVE INDIVIDUALS FROM DEPENDENCY TO FULL-TIME WORK AND ALLOW THEM TO QUICKLY ESCAPE POVERTY OR JOB LOSS AND TO REDUCE FRAUD IN WELFARE AND UNEMPLOYMENT PROGRAMS TO PROTECT RESOURCES FOR THE TRULY NEEDY.
OTHER
RESTORE VOTER CONFIDENCE IN ELECTIONS: SECURE AND FAIR ELECTIONS ARE NECESSARY FOR PRESERVING SELF-GOVERNANCE AND THE AMERICAN WAY OF LIFE, BUT THE PUBLIC'S TRUST IN ELECTIONS HAS ERODED IN RECENT YEARS. FGA CREATED A MENU OF REFORMS TO RESTORE PUBLIC TRUST IN ELECTIONS AND EDUCATED STATE LEADERS ON HOW TO IMPLEMENT THE REFORMS IN THEIR STATES, WHICH LED TO 143 REFORMS BEING IMPLEMENTED IN MORE THAN A DOZEN STATES.
PROTECTING FUNDAMENTAL RIGHTS IN SCHOOLS AND INVESTMENTS A PROJECT TO CONDUCT RESEARCH ON THE INFLUENCE OF POLITICAL IDEOLOGY IN GOVERNMENT, SCHOOLS, AND CORPORATE BOARDROOMS, TO EDUCATE STATE AND FEDERAL LAWMAKERS ON THE FINDINGS, AND TO PROMOTE REFORMS THAT PROTECT THE FUNDAMENTAL RIGHTS OF PARENTS, RETIREES, AND WORKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tarren Bragdon CEO And President | OfficerTrustee | 36 | $443,439 |
Betty Neighbors Chair | Trustee | 1 | $0 |
Robert Harden Director | Trustee | 1 | $0 |
Stephen Pryor Vice Chair | Trustee | 1 | $0 |
Bridgett Wagner Director | Trustee | 1 | $0 |
Shane Jackson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Consovoy Mccarthy Pllc Legal Services | 12/30/22 | $301,680 |
Crc Advisors Public Relation | 12/30/22 | $240,000 |
Strat Ad Llc Public Relation | 12/30/22 | $168,000 |
H2r Market Research Llc Market Research | 12/30/22 | $121,800 |
August Strategy Group Llc Legal Services | 12/30/22 | $136,000 |
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 | $13,870,584 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,870,584 |
| Total Program Service Revenue | $0 |
| Investment income | $259,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,936 |
| Net Gain/Loss on Asset Sales | -$121,481 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,025,283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $2,033,458 |
| Compensation of current officers, directors, key employees. | $215,241 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,484,815 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $433,925 |
| Payroll taxes | $404,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $325,045 |
| Fees for services: Accounting | $54,836 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,217,477 |
| Advertising and promotion | $87,301 |
| Office expenses | $56,225 |
| Information technology | $101,934 |
| Royalties | $0 |
| Occupancy | $97,114 |
| Travel | $1,591,898 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $23,055 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,125 |
| Insurance | $31,150 |
| All other expenses | $24,144 |
| Total functional expenses | $12,236,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $646,018 |
| Savings and temporary cash investments | $2,385,644 |
| Pledges and grants receivable | $287,535 |
| 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 | $70,112 |
| Net Land, buildings, and equipment | $44,046 |
| Investments—publicly traded securities | $8,767,441 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $501,316 |
| Total assets | $12,702,112 |
| Accounts payable and accrued expenses | $580,704 |
| 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 | $267,960 |
| Total liabilities | $848,664 |
| Net assets without donor restrictions | $11,483,448 |
| Net assets with donor restrictions | $370,000 |
| 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 | $12,702,112 |
Grants Awarded
Over the last fiscal year, Foundation For Government Accountability Inc has awarded $190,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DONORS TRUST PURPOSE: Welfare reform | $160,000 |
SAFE FAMILIES FOR CHILDREN PURPOSE: Safe families | $20,000 |
PIONEER INSTITUTE FOR PUBLIC POLICY RESEARCH PURPOSE: Healthcare reform | $10,000 |