It must suck to be on the other side, part 3,560
The first page of Brady Campaign's latest IRS Form 990, for 2010. By way of comparison:
Revenue Expenses Assets minus liabilities
2004 7.4 million 7.8 million 197,000
2008 4.1 million 4.2 million -838,000 (yes, a negative)
2009 3.4 million 3.6 million -564,000
2010 2.8 million 3.1 million -768,000
Their donor base is spiraling down, they haven't been able to cut expenses that far, and I assume are covering the gap by continual borrowing -- most recently, of 25% of their budget.
In 2010, salary expenses were $1.25 million and professional fundraising $228,000, meaning that over half their revenue went to those two purposes. If we take total salary expense (1.25 million) and deduct the salary for their seven best paid people ($992 K), We're left with about $258,000 payroll for anyone else. In DC, government secretaries draw $27 - 37,000, so that's probably not enough to pay a receptionist and give each of the seven a secretary. I'd guess total headquarters staffing as a dozen people or so. Salary expenses dropped by $100K between 2009 and 2010, so they probably let several people go.
Elsewhere on the form they report counting as "members" anyone who had donated $15 or more in the last two years.
I know an organization can engage is a certain limited amount of activity intended to influence legislation and still keep its 501(c)(3) status, but I thought you that if your sole and only mission was influencing legislation you could not have 501(c)(3) status.
Posted by: TeeJaw at October 10, 2012 11:36 PM
Teejaw: Brady has both a 501(c)(4) organization and a 501(c)(3) charitable one. The c4 is Brady Campaign, and the c3 is Brady Center. (This is a common and standard approach to operations. It allows projects to be funded correctly.)
Posted by: Mark at October 11, 2012 07:09 AM