Acronym
- Assets
- $6.4m
- Revenue
- $18.4m
- Investments
- $200.0k
- Employees
- 1
- Location
- Washington, DC
- Founding
- Data as of
- 04/2020
- EIN
- 82-1630469
Organization Overview
Acronym is located in Washington, DC. Acronym 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 04/2020, Acronym generated $18.4m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 39.6% each year . All expenses for the organization totaled $14.2m during the year ending 04/2020. While expenses have increased by 39.9% per year over the past 2 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACRONYM RAN A NUMBER OF NONPARTISAN VOTER REGISTRATION AND GET-OUT-THE-VOTE PROGRAMS. ACRONYM ALSO CONDUCTED PAID ADVERTISING, MOBILIZATION TRAININGS ON DIGITAL MEDIA, COMMUNICATIONS AND ORGANIZING FOR PROGRESSIVE ORGANIZATIONS. THESE PROGRAMS REACHED AUDIENCES ACROSS OVER 15 STATES AND HELPED TO DRIVE CIVIC EDUCATION, ENGAGEMENT AND ACTION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connor Gaughan See Schedule O Director | Trustee | 0.1 | $187,000 |
Tara Mcgowan President & CEO | OfficerTrustee | 40 | $0 |
Naomi Aberly Director | Trustee | 0.1 | $0 |
Michael Dubin Director | Trustee | 0.1 | $0 |
David Plouffe Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lockwood Strategy Media Consulting | 4/29/20 | $2,561,099 |
Courier Newsroom Media Consulting | 4/29/20 | $1,456,675 |
Bluelink Technology Consulting | 4/29/20 | $332,328 |
Collective Conscience Llc General Consulting | 4/29/20 | $187,000 |
Perkins Coie Llp Legal Services | 4/29/20 | $198,637 |
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 | $18,417,644 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,417,644 |
| Total Program Service Revenue | $0 |
| 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 | $18,426,491 |
| 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. | $152,667 |
| Compensation of current officers, directors, key employees. | $16,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,375 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,054 |
| Payroll taxes | $4,522 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $250,612 |
| Fees for services: Accounting | $5,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $826,143 |
| Advertising and promotion | $0 |
| Office expenses | $6,062 |
| Information technology | $273,228 |
| Royalties | $0 |
| Occupancy | $5,641 |
| Travel | $10,959 |
| 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 | $0 |
| Insurance | $41,882 |
| All other expenses | $0 |
| Total functional expenses | $14,207,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,211,505 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $200,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,411,505 |
| Accounts payable and accrued expenses | $8,159 |
| 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 | $0 |
| Total liabilities | $8,159 |
| Net assets without donor restrictions | $6,403,346 |
| 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 | $6,411,505 |
Grants Awarded
Over the last fiscal year, Acronym has awarded $775,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA STRONG ACTION PAC PURPOSE: CONTRIBUTION | $400,000 |
PACRONYM PURPOSE: CONTRIBUTION | $300,000 |
Washington, DC PURPOSE: CONTRIBUTION | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Acronym has recieved totaling $615,260.
| Awarding Organization | Amount |
|---|---|
Hopewell Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $615,260 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Psychiatric Association Washington, DC | $179,554,491 | $53,525,834 |
Horizon Development Properties Inc Charlotte, NC | $420,836,852 | $43,904,469 |
Enterprise Community Development Inc Columbia, MD | $150,433,261 | $43,987,858 |
Industrial Manufacturing Professional And Commercial Trust Lexington, KY | $8,502,513 | $49,520,230 |
Chesapeake Regional Information System For Our Patients Inc Columbia, MD | $18,949,461 | $51,004,961 |
Associated Jewish Community Federation Of Baltimore Inc Baltimore, MD | $42,735,304 | $45,612,361 |
Tideland Electric Membership Corp Pantego, NC | $155,003,665 | $49,716,262 |
League Of Conservation Voters Education Fund Washington, DC | $22,827,325 | $54,050,067 |
Messiah Home Mechanicsburg, PA | $178,549,269 | $51,412,413 |
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
Grove City Medical Center Pittsburgh, PA | $19,315,788 | $24,381,583 |
Kimmel Center Inc Philadelphia, PA | $245,953,445 | $41,081,924 |