Opensecrets
- Assets
- $6.3m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 49
- Location
- Washington, DC
- Founding
- 09/1983
- Data as of
- 12/2022
- EIN
- 52-1275227
Organization Overview
Opensecrets is located in Washington, DC. The organization was established in 1983. 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, Opensecrets employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opensecrets 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, Opensecrets generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $4.0m during the year ending 12/2022. While expenses have increased by 10.4% per year over the past 8 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
OPENSECRETS IS THE LEADING RESEARCH ORGANIZATION TRACKING MONIES (CONTINUED ON SCHEDULE 'O') AND ITS EFFECTS ON STATE AND FEDERAL ELECTIONS AND PUBLIC POLICY. THE ORGANIZATION'S NON PARTISAN WORK IS AIMED AT CREATING A MORE EDUCATED VOTER, AN INVOLVED CITIZENRY AND A MORE RESPONSIVE AND ACCOUNTABLE GOVERNMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND OUTREACH: A FOUR-TIME WEBBY WINNER FOR BEING THE BEST POLITICS RESOURCE ONLINE, OPENSECRETS' WEBSITE, OPENSECRETS.ORG, ALLOWS USERS TO EXPLORE THE CONNECTIONS BETWEEN MONEY AND POLITICS. FREELY AVAILABLE, EASY TO USE DATABASES TRACK STATE AND FEDERAL CAMPAIGN CONTRIBUTIONS, LOBBYING, THE REVOLVING DOOR AND POLITICIANS' PERSONAL FINANCES IN A VARIETY OF ILLUMINATING WAYS, SUCH AS BY INDUSTRY AND INTEREST GROUP. (CONTINUED ON SCHEDULE O) OPEN SECRETS REACHES OUT TO ENGAGE WITH NEW AUDIENCES VIA SOCIAL MEDIA AND INTERACTIVE TOOLS ON OUR SITE. OS STAFF ASSIST NEWS ORGANIZATIONS LARGE AND SMALL WITH THEIR MONEY IN POLITICS INVESTIGATIONS. THESE COLLABORATIONS RESULT IN FREQUENT CITATIONS OF OPENSECRETS' DATA IN THE NATION'S MOST PROMINENT PRINT, BROADCAST AND ONLINE NEWS OUTLETS.
RESEARCH AND ANALYSIS: OPENSECRETS' REPORTING STAFF AND RESEARCHERS WORK HAND-IN-HAND TO COMB THE DATA FOR PATTERNS AND ANOMALIES, WHICH ARE SHARED WITH THE PUBLIC THROUGH OUR DIGITAL E-NEWSLETTER, OPENSECRETSNEWS, REPORTS AND DATA TOOLS. STAFF PUT OPENSECRETS' STATE AND FEDERAL DATA IN CONTEXT, IDENTIFYING TRENDS AND PROVIDING THE MONEY-IN-POLITICS ANGLE TO ONGOING NEWS STORIES AND POLICY DEBATES. (CONTINUED ON SCHEDULE O)OPENSECRETS CONTINUALLY IMPROVES ITS DATA IN ORDER TO PROVIDE AN ACCURATE, CONSISTENT AND COMPREHENSIVE RESOURCE, FREE OF CHARGE, FOR THE PRESS, SCHOLARS, ADVOCATES AND THE PUBLIC. OS FREQUENTLY WORKS WITH OTHER ORGANIZATIONS TO COMBINE ITS UNIQUE VALUE-ADDED DATA WITH OTHER DATA SETS, AND TO CREATE FEATURES ILLUSTRATING THE ROLE MONEY PLAYS IN POLITICS AND POTENTIALLY TRANSFORMATIONAL NEW TOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Hong Vice Chair | OfficerTrustee | 3 | $0 |
Daniel Doktori Director | Trustee | 1 | $0 |
John Jenkins Treasurer | OfficerTrustee | 1 | $0 |
Sonia Jarvis Director | Trustee | 1 | $0 |
Keri Dogan Director | Trustee | 1 | $0 |
Mark Hansen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $284,476 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,934,072 |
| Noncash contributions included in lines 1a–1f | $300,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,218,548 |
| Total Program Service Revenue | $414,807 |
| Investment income | $142,696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,291 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,992,704 |
| 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. | $173,271 |
| Compensation of current officers, directors, key employees. | $8,664 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,213,228 |
| Pension plan accruals and contributions | $32,395 |
| Other employee benefits | $263,619 |
| Payroll taxes | $209,052 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $98,794 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,686 |
| Fees for services: Other | $295,085 |
| Advertising and promotion | $0 |
| Office expenses | $43,412 |
| Information technology | $120,271 |
| Royalties | $0 |
| Occupancy | $355,310 |
| Travel | $93,426 |
| 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 | $61,020 |
| Insurance | $18,393 |
| All other expenses | $75 |
| Total functional expenses | $3,985,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,771 |
| Savings and temporary cash investments | $251,476 |
| Pledges and grants receivable | $2,125,065 |
| Accounts receivable, net | $396,845 |
| 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 | $96,350 |
| Net Land, buildings, and equipment | $292,898 |
| Investments—publicly traded securities | $2,807,843 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,165 |
| Total assets | $6,337,413 |
| Accounts payable and accrued expenses | $39,645 |
| 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 | $379,491 |
| Total liabilities | $419,136 |
| Net assets without donor restrictions | $1,402,763 |
| Net assets with donor restrictions | $4,515,514 |
| 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 | $6,337,413 |