Club For Growth Foundation Inc
- Assets
- $1.3m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/2018
- Data as of
- 12/2022
- EIN
- 82-2552404
Organization Overview
Club For Growth Foundation Inc is located in Washington, DC. The organization was established in 2018. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Club For Growth Foundation Inc 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, Club For Growth Foundation Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 52.0% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 56.2% per year over the past 5 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
THE CLUB FOR GROWTH FOUNDATION WAS FORMED TO EDUCATE THE PUBLIC ABOUT THE VALUE OF FREE MARKETS, PRO-GROWTH POLICIES AND CREATING ECONOMIC PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONPARTISAN VOTE STUDIES: THE ORGANIZATION PUBLISHED A NONPARTISAN VOTE STUDY ON CONGRESS TO SEE HOW CONGRESSIONAL MEMBERS VOTE ON KEY ECONOMIC ISSUES. THE ANNUAL PUBLICATION LOOKS AT THE MOST IMPORTANT VOTES FROM EACH CONGRESS ON ECONOMIC TOPICS RANGING FROM SPENDING TO TAXES TO REGULATION TO TRADE. THE STUDIES PROVIDE VOTE EXPLANATIONS AND A SCORE FOR EACH MEMBER OF CONGRESS. ADDITIONALLY, A SIMILAR PROGRAM ALSO OCCURRED ON A STATE LEVEL.
EDUCATIONAL EVENTS AND FORUMS: THE ORGANIZATION HOSTED PUBLIC POLICY EVENTS AND FORUMS THAT EDUCATE ATTENDEES ON ECONOMIC CONSERVATISM. INTERESTING AND QUALIFIED SPEAKERS ADDRESS A RANGE OF ECONOMIC ISSUES AND TEACH ATTENDEES BEST PRACTICES TO COMMUNICATE WITH THE PUBLIC AND MEDIA ON IMPORTANT ISSUES.
OTHER PROGRAMS RUN DURING THE YEAR INCLUDED POLICY PAPERS AND WHITE PAPERS ON CURRENT ISSUES WITH A FOCUS ON ECONOMIC CONSERVATISM AS WELL AS A GRANT MADE TO ANOTHER 501(C)(3) ORGANIZATION FOR GENERAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kellogg Director | Trustee | 1 | $0 |
Angie Stephens Director | Trustee | 1 | $0 |
David Mcintosh President | OfficerTrustee | 1 | $0 |
Jackson Stephens Jr Chairman | OfficerTrustee | 1 | $0 |
Adam Rozansky Treasurer | Officer | 1 | $0 |
John Richardson Secretary | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Creative Response Concepts Inc Fellowship Program Services | 12/30/22 | $222,280 |
Club For Growth Staffing And Program Services | 12/30/22 | $975,125 |
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 | $2,655,555 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,655,555 |
| 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 | $2,655,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,510 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,403 |
| Fees for services: Accounting | $16,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,368,055 |
| Advertising and promotion | $0 |
| Office expenses | $15,639 |
| Information technology | $29,595 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $552,697 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,170 |
| Insurance | $3,636 |
| All other expenses | $0 |
| Total functional expenses | $2,022,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,253,809 |
| 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 | $69,345 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,363 |
| Other assets | $0 |
| Total assets | $1,328,517 |
| Accounts payable and accrued expenses | $30,000 |
| 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 | $30,000 |
| Net assets without donor restrictions | $1,298,517 |
| 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 | $1,328,517 |