Capital & Main
- Assets
- $1.9m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Los Angeles, CA
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 81-0895767
Organization Overview
Capital & Main is located in Los Angeles, CA. The organization was established in 2018. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Capital & Main employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital & Main 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 & Main generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 21.3% 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
TO PRODUCE INVESTIGATIVE REPORTING, NEWS FEATURES, AND ANALYSIS ON ISSUES SUCH AS ECONOMIC INEQUALITY, CLIMATE CHANGE, RENEWABLE ENERGY, HEALTH CARE, AND GOVERNMENT OUTSOURCING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL & MAIN IS AN AWARD-WINNING, IMPACT-DRIVEN NONPROFIT PUBLICATION THAT PRODUCES FACT-BASED REPORTING ON TWO OF THE GREATEST CHALLENGES OF OUR TIME: INEQUALITY AND CLIMATE CHANGE. THROUGH COVERAGE OF ECONOMIC AND POLITICAL POWER, AND REPORTING THAT REFLECTS A DIVERSE SET OF VOICES, WE INFORM AND INFLUENCE THE PUBLIC CONVERSATION. CAPITAL & MAIN PUBLISHED THE LARGEST AMERICAN REPORTING PROJECT OF 2020 ON ECONOMIC INEQUALITY, WITH 100 ORIGINAL STORIES. THAT SAME YEAR CAPITAL & MAIN LAUNCHED "THE SLICK," ONE OF THE MOST AMBITIOUS CLIMATE REPORTING EFFORTS IN THE COUNTRY. "THE SLICK" INVESTIGATES THE INFLUENCE OF THE OIL AND GAS INDUSTRY ON CLIMATE POLICY IN THE LARGEST FOSSIL FUEL-PRODUCING STATES. IN 2022 CAPITAL & MAIN ALSO PUBLISHED A MAJOR REPORTING PROJECT ON THREATS TO DEMOCRACY. CAPITAL & MAIN'S REPORTING HAS LED TO A WIDE RANGE OF IMPACTS. AN INVESTIGATION OF LEAD CONTAMINATION DIRECTLY TRIGGERED THE DRAFTING AND PASSAGE OF LEGISLATION TO STRENGTHEN PROTECTIONS FOR WORKERS IN CALIFORNIA. OUR INVESTIGATION INTO ANDREW PUZDER, DONALD TRUMP'S FIRST LABOR SECRETARY NOMINEE, PLAYED A CRITICAL ROLE IN PUZDER WITHDRAWING HIS NOMINATION. CAPITAL & MAIN'S REPORTING ON A HIGH-STAKES COLORADO BALLOT MEASURE FUNDED BY THE OIL AND GAS INDUSTRY CONTRIBUTED TO THAT MEASURE'S DEFEAT, AND OUR COVERAGE OF THE OIL AND GAS INDUSTRY IN NEW MEXICO LED TO LARGE FINES AGAINST TWO FOSSIL FUEL COMPANIES. CAPITAL & MAIN'S STORIES ARE CO-PUBLISHED IN DOZENS OF NATIONAL AND REGIONAL OUTLETS, INCLUDING USA TODAY, THE GUARDIAN, ROLLING STONE, FORTUNE, FAST COMPANY, NEWSWEEK, THE AMERICAN PROSPECT AND MANY OTHERS. OUR COVERAGE IS FREQUENTLY CITED BY THE LOS ANGELES TIMES, THE NEW YORK TIMES, POLITICO AND OTHER LEADING PUBLICATIONS. CAPITAL & MAIN'S STORIES ARE ALSO CO-PUBLISHED IN A LARGE NUMBER OF OUTLETS THAT SERVE A DIVERSE RANGE OF COMMUNITIES, AND ARE WIDELY READ AND DISTRIBUTED BY GRASSROOTS LEADERS AND POLICY EXPERTS.IN THE PAST FIVE YEARS, CAPITAL & MAIN HAS WON MORE THAN 200 AWARDS, INCLUDING A BEST IN THE WEST PRIZE AND SEVERAL AWARDS FROM THE SOCIETY FOR ADVANCING BUSINESS EDITING AND WRITING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danny Feingold Executive Director | OfficerTrustee | 48 | $148,883 |
Diana Buckhantz Secretary | OfficerTrustee | 1 | $0 |
Erin Aubry Kaplan Chair | OfficerTrustee | 1 | $0 |
Aaron Dorfman Co-Chair | OfficerTrustee | 1 | $0 |
Harold Meyerson Director | Trustee | 1 | $0 |
Alia Griffing Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $122,471 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,918,783 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,041,254 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,000 |
| 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 | $3,066,722 |
| 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. | $287,953 |
| Compensation of current officers, directors, key employees. | $29,831 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $630,865 |
| Pension plan accruals and contributions | $22,923 |
| Other employee benefits | $98,690 |
| Payroll taxes | $65,889 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,294 |
| Fees for services: Accounting | $10,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $703,975 |
| Advertising and promotion | $0 |
| Office expenses | $56,457 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $212,196 |
| Travel | $27,617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,440 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,536 |
| Insurance | $15,681 |
| All other expenses | $20,553 |
| Total functional expenses | $2,364,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,343,721 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $122,822 |
| 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 | $900 |
| Net Land, buildings, and equipment | $16,552 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $415,300 |
| Total assets | $1,899,295 |
| Accounts payable and accrued expenses | $77,657 |
| Grants payable | $0 |
| Deferred revenue | $2,000 |
| 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 | $385,032 |
| Total liabilities | $464,689 |
| Net assets without donor restrictions | $411,139 |
| Net assets with donor restrictions | $1,023,467 |
| 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 | $1,899,295 |