Capital Research Center
- Assets
- $9.0m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 29
- Location
- Washington, DC
- Founding
- 05/1983
- Data as of
- 12/2022
- EIN
- 52-1289734
Organization Overview
Capital Research Center is located in Washington, DC. The organization was established in 1983. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Capital Research Center employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Research Center 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, Capital Research Center generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $7.3m during the year ending 12/2022. While expenses have increased by 8.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CRC CONDUCTS RESEARCH ON THE INFLUENCE SECTOR, INCLUDING THE ADVOCACY GROUPS, THINK TANKS, FOUNDATIONS, ACTIVISTS, OTHER OPINION LEADERS, AND GROUPS INFLUENCING THE PUBLIC POLICY PROCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRC CONDUCTS RESEARCH ON THE INFLUENCE SECTOR, INCLUDING THE ADVOCACY GROUPS, THINK TANKS, FOUNDATIONS, ACTIVISTS, OTHER OPINION LEADERS, AND GROUPS INFLUENCING THE PUBLIC POLICY PROCESS. CRC STRIVES TO PRODUCE IRONCLAD RESEARCH THAT IS USED TO DEVELOP COMMUNICATIONS PRODUCTS TO EDUCATE THE PUBLIC ON HOW SPECIAL INTERESTS ARE PROTECTED. CRC SHARES ITS RESEARCH THROUGH REGULAR PRINT PUBLICATIONS, A DYNAMIC WEBSITE (CAPITALRESEARCH ORG), EDUCATIONAL VIDEOS, SOCIAL MEDIA CHANNELS, A PODCAST AND OTHER OUTLETS. CRC'S RESEARCH SPECIALTIES INCLUDE INVESTIGATING CHARITABLE GROUPS ENGAGING IN POLICY (AND POTENTIALLY POLITICAL) ADVOCACY; OTHER TAX-EXEMPT SPECIAL INTEREST ENTITIES AND SOCIAL WELFARE GROUPS; FOUNDATIONS, INDIVIDUAL DONORS, AND GRANT-MAKING ORGANIZATIONS; LABOR UNIONS, THEIR MISSION, FINANCIAL SUPPORT, ORGANIZING CAMPAIGNS, SOURCES OF SUPPORT, AND POLITICAL ACTIVITIES. CRC ALSO PROFILES OTHER INFLUENCERS, INCLUDING THE MEDIA AND WELL-KNOWN ACTIVISTS AND POLICYMAKERS. CRC PRODUCED EIGHT (8) PRINT/MAGAZINE PUBLICATIONS OF LONG-FORM ARTICLES AND POPULATED THE WEBSITE WITH ROUGHLY TEN POSTS PER WEEK OF ORIGINAL RESEARCH AND COMMENTARY.
INFLUENCE WATCH: CRC MAINTAINS INFLUENCEWATCH.ORG, A WIKI-STYLE ONLINE RESOURCE OF FACT-BASED, ACCURATE DESCRIPTIONS OF THE VARIOUS INFLUENCERS OF PUBLIC POLICY DEBATES. INFLUENCEWATCH STRIVES TO BE COMPREHENSIVE, PROVIDING FREQUENTLY UPDATED PROFILES COMPLETE WITH RELIABLE SOURCING. PROFILES INCLUDE ACTIVISTS, NON-PROFIT ENTITIES, FOR-PROFIT ENTITIES, LABOR UNIONS, POLITICAL ACTION COMMITTEES, AGENCIES, LEGISLATION, AND MOVEMENTS. THE WEBSITE GREW TO 10,000 TOTAL ENTRIES, WITH APPROXIMATELY 5,700 LONG PROFILES COMPLETED. WEBSITE TRAFFIC GREW TO 2.1 MILLION UNIQUE USERS AND 4.85 MILLION PAGEVIEWS.
COMMUNICATIONS: CRC DISSEMINATES ITS RESEARCH (VIA PRESS RELEASE, MEDIA STATEMENTS, AND OTHER MEDIA RELATIONS EFFORTS) TO NEWS OUTLETS THAT COVER THE TOPIC OF PUBLIC POLICY INFLUENCE. CRC'S MEDIA APPEARANCES (INCLUDING OP-EDS, INTERVIEWS, REFERENCES IN THE MEDIA, AND OTHER CITATIONS IN OUTLETS LIKE TIME MAGAZINE, NEW YORK POST, ESSENCE MAGAZINE, THE WALL STREET JOURNAL, FOX NEWS, REAL CLEAR INVESTIGATIONS, THE WASHINGTON TIMES, THE DAILY CALLER, NATIONAL REVIEW, THE WASHINGTON EXAMINER) QUADRUPLED IN 2022, REACHIGN OVER 1200 MEDIA APPEARANCES. CRC'S MANY EDUCATIONAL VIDEOS WERE VIEWED NEARLY 8 MILLION TIMES ON YOUTUBE AND FACEBOOK. CRC'S COMBINED SOCIAL MEDIA REACHING ON META AND TWITTER REACHED 2 MILLION, AND THE INFLUENCEWATCH PODCAST EJOYED AN AVERAGE EPISODE RATE OF NEARLY 750 LIFETIME DOWNLOADS PER EPISODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Franc Chairman (until November 2022) | OfficerTrustee | 1 | $0 |
Robert E Challey Trustee | Trustee | 1 | $0 |
Gordon Cummings Trustee | Trustee | 1 | $0 |
Edwin Meese III Trustee | Trustee | 1 | $0 |
William Meyersohn Trustee | Trustee | 1 | $0 |
Eric O'keefe Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Just Add Firewater Llc Media Production | 12/30/22 | $200,000 |
Morgan Meredith Supporter Outreach / Support Acquisition | 12/30/22 | $627,714 |
Right Of Center Llc Web Traffic Consultants | 12/30/22 | $165,000 |
Hbp Supporter Outreach | 12/30/22 | $275,926 |
Google Advertising | 12/30/22 | $156,128 |
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 | $7,055,273 |
| Noncash contributions included in lines 1a–1f | $25,994 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,055,273 |
| Total Program Service Revenue | $1,428 |
| Investment income | $115,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,181,137 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $976,470 |
| Compensation of current officers, directors, key employees. | $113,223 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,588,351 |
| Pension plan accruals and contributions | $138,188 |
| Other employee benefits | $191,776 |
| Payroll taxes | $175,703 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,297 |
| Fees for services: Accounting | $27,232 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,338 |
| Fees for services: Other | $1,574,821 |
| Advertising and promotion | $376,239 |
| Office expenses | $1,667,720 |
| Information technology | $62,739 |
| Royalties | $0 |
| Occupancy | $74,217 |
| Travel | $194,963 |
| 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 | $60,121 |
| Insurance | $21,520 |
| All other expenses | $43,021 |
| Total functional expenses | $7,256,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $946,295 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $333,779 |
| Accounts receivable, net | $96,752 |
| 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 | $97,990 |
| Net Land, buildings, and equipment | $419,624 |
| Investments—publicly traded securities | $6,506,077 |
| Investments—other securities | $0 |
| Investments—program-related | $573,109 |
| Intangible assets | $0 |
| Other assets | $38,492 |
| Total assets | $9,012,118 |
| Accounts payable and accrued expenses | $481,335 |
| 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 | $38,492 |
| Total liabilities | $519,827 |
| Net assets without donor restrictions | $7,940,559 |
| Net assets with donor restrictions | $551,732 |
| 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 | $9,012,118 |