Project Veritas Action Fund
- Assets
- $2.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Mamaroneck, NY
- Founding
- Data as of
- 08/2022
- EIN
- 47-1809663
Organization Overview
Project Veritas Action Fund is located in Mamaroneck, NY. Project Veritas Action 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 08/2022, Project Veritas Action Fund generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $1.0m during the year ending 08/2022. 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
TO FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE CITIZENS OF THE UNITED STATES OF AMERICA BY CONDUCTING INVESTIGATIONS INTO WASTE, FRAUD, CORRUPTION, DISHONESTY, SELF-DEALING AND OTHER MISCONDUCT FOR THE PURPOSE OF EDUCATING THE PUBLIC, STAKEHOLDERS, POLICYMAKERS, AND COMMUNITY LEADERS IN ORDER TO CREATE A MORE ETHICAL AND TRANSPARENT SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FURTHER OF THE COMMON GOOD AND GENERAL WELFARE OF THE CITIZENS OF THE UNITED STATES OF AMERICA BY CONDUCTING INVESTIGATIONS INTO WASTE, FRAUD, ABUSE, CORRUPTION, DISHONESTY, SELF-DEALING AND OTHER MISCONDUCT FOR THE PURPOSE OF EDUCATING THE PUBLIC, STAKEHOLDERS, POLICYMAKERS, AND COMMUNITY LEADERS IN ORDER TO CREATE A MORE ETHICAL AND TRANSPARENT SOCIETY. CHALLENGING LAWS THAT LIMIT THE ABILITY TO PURSUE OUR MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James O'keefe III President | OfficerTrustee | 11 | $0 |
George Skakel Director | Trustee | 5 | $0 |
Joseph Barton Director | Trustee | 5 | $0 |
Steve Alembik Director | Trustee | 5 | $0 |
Tom O'hara CFO | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cali Law Llc Legal | 8/30/21 | $153,419 |
Barr & Klein Pllc Legal | 8/30/21 | $186,943 |
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 | $2,029,309 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,029,309 |
| Total Program Service Revenue | $0 |
| Investment income | $61 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$141,001 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,888,369 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $373,981 |
| Fees for services: Accounting | $12,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $81,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $380,957 |
| Advertising and promotion | $0 |
| Office expenses | $17,067 |
| Information technology | $18,243 |
| Royalties | $0 |
| Occupancy | $35,340 |
| Travel | $5,004 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,069 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $42,750 |
| All other expenses | $347 |
| Total functional expenses | $1,009,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,746,945 |
| Savings and temporary cash investments | $51,940 |
| 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 | $96,838 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,500 |
| Total assets | $2,905,223 |
| Accounts payable and accrued expenses | $196,194 |
| 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 | $532,856 |
| Total liabilities | $729,050 |
| Net assets without donor restrictions | $2,176,173 |
| 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 | $2,905,223 |