New Majority
- Assets
- $366.8k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- San Rafael, CA
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 94-3340436
Organization Overview
New Majority is located in San Rafael, CA. The organization was established in 2000. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Majority 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 12/2022, New Majority generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 4.9% 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
NEW MAJORITY PROMOTES A FISCALLY RESPONSIBLE PHILOSOPHY IN GOVERNMENT AND AN INCLUSIVE MAINSTREAM APPROACH TOWARDS POLITICS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER ACTIVITIES, COMMUNICATIONS, SPEAKERS, CISITS WITH OPINION LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Roberts Director | Trustee | 1 | $0 |
Lucy Rawlins Director | Trustee | 1 | $0 |
David Krajanowski Director | Trustee | 1 | $0 |
Steven Prough Director | Trustee | 1 | $0 |
Thomas E Tucker Director | Trustee | 1 | $0 |
Dan Hughes Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Andy Gharakhani Consulting | 12/30/22 | $175,188 |
Jennifer Korn Consulting | 12/30/22 | $169,000 |
Swing Strategies Consulting | 12/30/22 | $124,462 |
Nielsen Merksamer Parinello Gross Legal Services | 12/30/22 | $122,309 |
Lara Saunders Consutling | 12/30/22 | $121,685 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,333,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,333,750 |
| 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 | $1,333,750 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,000 |
| 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. | $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 | $118,600 |
| Fees for services: Accounting | $56,422 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,665 |
| Office expenses | $137,016 |
| Information technology | $12,412 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,574 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $160,409 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,967 |
| All other expenses | $0 |
| Total functional expenses | $1,362,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,837 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $366,837 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $366,837 |
| 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 | $366,837 |
Grants Awarded
Over the last fiscal year, New Majority has awarded $60,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FREEDOM FOUNDATION PURPOSE: See Part IV | $50,000 |
HISPANIC 100 FOUNDATION PURPOSE: See Part IV | $10,000 |