American Council For Capital Formation
- Assets
- $1.3m
- Revenue
- $680.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- 10/1975
- Data as of
- 12/2023
- EIN
- 52-0991278
Organization Overview
American Council For Capital Formation is located in Washington, DC. The organization was established in 1975. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, American Council For Capital Formation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Council For Capital Formation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, American Council For Capital Formation generated $680.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (25.7%) each year. All expenses for the organization totaled $698.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (25.1%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE I.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC EDUCATION AND RESEARCH: IN 2023, THE ACCF PUBLISHED ITS WEEKLY NEWSLETTER CAPITAL FORMATION, SEVERAL REPORTS, AND OP-EDS ON A VARIETY OF DIFFERENT PRO-GROWTH TOPICS INCLUDING TRADE, TAX, CORPORATE GOVERNANCE AND ENERGY AND ENVIRONMENT. ACCF PUBLICATIONS ARE DISTRIBUTED TO MEMBERS OF CONGRESS AND THEIR STAFF, POLICYMAKERS IN THE ADMINISTRATION, AS WELL AS THE MEDIA AND THE PRIVATE SECTOR.
IN 2023, THE ACCF PUBLISHED ITS WEEKLY NEWSLETTER CAPITAL FORMATION, SEVERAL REPORTS, AND OP-EDS ON A VARIETY OF DIFFERENT PRO-GROWTH TOPICS INCLUDING TRADE, TAX, CORPORATE GOVERNANCE AND ENERGY AND ENVIRONMENT.
GOVERNMENT RELATIONS, SPECIAL PROJECT, FORUMS, AND MEETINGS: IN 2023, ACCF FOLLOWED TAX, FEDERAL REGULATORY, TRADE, CORPORATE GOVERNANCE, ENERGY AND ENVIRONMENTAL POLICY ISSUES BEFORE CONGRESS AND MAINTAINED CONTACT ON THESE ISSUES WITH APPROPRIATE CONGRESSIONAL OFFICES. ACCF CONTINUED ITS CORPORATE GOVERNANCE PROJECT TO ADDRESS CORPORATE GOVERNANCE ISSUES WITH A PARTICULAR FOCUS ON PROXY ADVISORS AND ESG RATINGS. IN 2023 ACCF ALSO ORGANIZED WEBINARS FOCUSING ON THE GLOBAL AND U.S. ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark A Bloomfield President & Director | OfficerTrustee | 26.63 | $174,247 |
Richard D Shelby Director | Trustee | 0.1 | $0 |
Richard Rahn Director | Trustee | 0.1 | $0 |
Steve Wechsler Director | Trustee | 0.1 | $0 |
Hamideh Kashaninejad Treasurer | Officer | 26.63 | $105,036 |
Frederique Schreuder See Sch O Secretary | Officer | 40 | $60,500 |
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 | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $655,000 |
| 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 | $680,000 |
| 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. | $300,949 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,509 |
| Pension plan accruals and contributions | $6,985 |
| Other employee benefits | $39,977 |
| Payroll taxes | $24,652 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,349 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,595 |
| Advertising and promotion | $0 |
| Office expenses | $44,959 |
| Information technology | $33,224 |
| Royalties | $0 |
| Occupancy | $29,726 |
| Travel | $2,850 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,232 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,534 |
| Insurance | $0 |
| All other expenses | $1,100 |
| Total functional expenses | $698,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $663,342 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $95,000 |
| 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 | $10,543 |
| Net Land, buildings, and equipment | $6,724 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $519,962 |
| Total assets | $1,295,571 |
| Accounts payable and accrued expenses | $37,234 |
| 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 | $182,186 |
| Total liabilities | $219,420 |
| Net assets without donor restrictions | $1,076,151 |
| 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 | $1,295,571 |