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« You have to fly lower to get under the radar screen | Main | Bloomberg & Joyce Fdn behind Media Matters? »

It must suck to be on the other side, part 3,560

Posted by David Hardy · 10 October 2012 02:43 PM

Brady 2010 990.jpg

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.

· antigun groups

2 Comments | Leave a comment

TeeJaw | October 10, 2012 11:36 PM | Reply

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.

Mark | October 11, 2012 7:09 AM | Reply

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.)

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