Civic Intelligence

Project Veritas Action Fund

990 • Fiscal year 2018 • EIN 47-1809663

Sep 01, 2017 to Aug 31, 2018 • Filed on Jul 15, 2019

Organization ProfileWWW.PROJECTVERITASACTION.COM
1214 W Boston Post RoadMamaroneck, NY 10543

(914) 908-2300

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.36x

Higher debt load relative to assets than 79% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

53rd percentile

0.12x

Higher debt load relative to revenue than 53% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Net Margin

59th percentile

11%

Higher net margin than 59% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

58th percentile

$0

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Asset Growth

95th percentile

80%

Faster asset growth than 95% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

127%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$523,407

Up $232,953 (+80%) from 2017

Net Assets

Up

$336,517

Up $182,233 (+118%) from 2017

Liabilities

Up

$186,890

Up $50,720 (+37%) from 2017

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin59th percentile

Revenue

Up

$1,616,695

Up $906,040 (+127%) from 2017

Expenses

Up

$1,434,462

Up $108,859 (+8.2%) from 2017

Net Income

Up

$182,233

Up $797,181 (+130%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2015: $1,348,129Liabilities 2015: $120,084Net Assets 2015: $1,228,0452015Assets 2017: $290,454Liabilities 2017: $136,170Net Assets 2017: $154,2842017Assets 2018: $523,407Liabilities 2018: $186,890Net Assets 2018: $336,5172018Assets 2019: $2,125,739Liabilities 2019: $1,121,999Net Assets 2019: $1,003,7402019Assets 2020: $2,778,529Liabilities 2020: $1,484,862Net Assets 2020: $1,293,6672020Assets 2021: $2,168,161Liabilities 2021: $871,044Net Assets 2021: $1,297,1172021Assets 2022: $2,905,223Liabilities 2022: $729,050Net Assets 2022: $2,176,1732022

Highlighted filing

2018

Assets$523,407
Liabilities$186,890
Net Assets$336,517
Open 2018 Filing

Operations Trend

Revenue Growth94th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2015: $1,815,440Expenses 2015: $587,395Net Income 2015: $1,228,0452015Revenue 2017: $710,655Expenses 2017: $1,325,603Net Income 2017: -$614,9482017Revenue 2018: $1,616,695Expenses 2018: $1,434,462Net Income 2018: $182,2332018Revenue 2019: $3,422,284Expenses 2019: $2,755,061Net Income 2019: $667,2232019Revenue 2020: $2,120,018Expenses 2020: $1,830,091Net Income 2020: $289,9272020Revenue 2021: $2,070,101Expenses 2021: $2,035,283Net Income 2021: $34,8182021Revenue 2022: $1,888,369Expenses 2022: $1,009,313Net Income 2022: $879,0562022

Highlighted filing

2018

Revenue$1,616,695
Expenses$1,434,462
Net Income$182,233
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jul 15, 2019
Return Version
2017v2.2
Gross Receipts
$1,616,695
Mission and Program Overview

Mission

To further the common good and general welfare of the citizens of the united states of america by conducting investigations into waste, fraud, corruption, dishonesty, self-dealing and other misconduct for the purpose of educating the public, stakeholders, policymakers, and community leaders in order to create a more ethical and transparent society.

To further the common good and general welfare of the citizens of the United States of America by conducting investigations into waste, fraud, abuse, corruption, dishonesty, self-dealing and other misconduct for the purpose of educating the public, stakeholders, policymakers, and community leaders in order to create a more ethical and transparent society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$151,549$384,470▲ $232,921
Land, Buildings, and Equipment, Net$132,579$136,937▲ $4,358
Prepaid Expenses and Deferred Charges$6,326$0▼ $6,326
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$290,454$523,407▲ $232,953
Other Assets Total-$2,000-
Liabilities
Accounts Payable and Accrued Expenses$85,754$186,890▲ $101,136
Other Liabilities$50,416--
Total Liabilities$136,170$186,890▲ $50,720
Net Assets / Fund Balance
Unrestricted Net Assets$154,284$336,517▲ $182,233
Total Net Assets Fund Balance$154,284$336,517▲ $182,233
Total Liabilities and Net Assets / Fund Balance$290,454$523,407▲ $232,953

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$116,694$3,177$119,871
Other Land Buildings$11,159$2,138$13,297
Equipment$9,084$2,637$11,721
Compensation and Service Providers
Top Officer Pay58th percentile

Board Members and Trustees

NameTitle
JAMES O'KEEFE IIIPresident
George SkakelDirector
Joseph BartonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,614,090
Program Service Revenue
$0
Investment Income
$2,605
Other Revenue
$0
All Other Contributions
$1,614,090
Change in Net Assets
$182,233

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,616,695
Total Revenue per Audited Statements
$1,616,695
Total Revenue per Form 990
$1,616,695
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,409,462
Total Fundraising Expense$25,840
Professional Fundraising Fees$25,000
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$481,550$202,576-$684,126
Insurance$8,647$74,116-$82,763
Occupancy-$37,999-$37,999
Fees for Services Professional Fundraising--$25,000$25,000
Fees for Services Other-$15,525-$15,525
Fees for Services Accounting-$13,330-$13,330
Depreciation Depletion-$7,305-$7,305
All Other Expenses$2,639$2,100$840$5,579
Office Expenses$4,996$472-$5,468
Other Expenses$3,360$9,631-$3,360
Interest-$18-$18
Total Functional Expenses$933,659$474,963$25,840$1,434,462

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,434,462
Total Expenses per Audited Statements$1,434,462
Total Expenses per Form 990$1,434,462
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$25,000
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Officers and board members are provided with a copy of form 990 for review and discussion prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“N/A”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Documents are made available upon request for inspection at the organizations office location.”

Filing and Contact Details

Filer

Filer Name
Project Veritas Action Fund
EIN
47-1809663
Phone
9149082300
Address
1214 W BOSTON POST ROAD, MAMARONECK, NY 10543

Signing Officer

Name
JAMES O'KEEFE III
Title
President
Signed
2019-07-15
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
1
Employees
0

Preparer

Firm
Hulse & Associates PC
Address
350 Passaic Avenue, Fairfield, NJ 07004
Preparer
Edward L Hulse
Phone
9738825690
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0272650784
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0S corp.
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Investigative reporting
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Veritas Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0PO Box 11274
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Fairfield
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd007004
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PROJECT VERITAS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0272894856
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Informing & Educating the Public
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(b)(1)(A) (vi)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01214 W BOSTON POST ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MAMARONECK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010543
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0290454
IRS990/TotalAssetsEOYAmt0523407
IRS990/TotalAssetsGrp/BOYAmt0290454
IRS990/TotalAssetsGrp/EOYAmt0523407
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01614090
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt025840
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0474963
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0933659
IRS990/TotalFunctionalExpensesGrp/TotalAmt01434462
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0136170
IRS990/TotalLiabilitiesEOYAmt0186890
IRS990/TotalLiabilitiesGrp/BOYAmt0136170
IRS990/TotalLiabilitiesGrp/EOYAmt0186890
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0154284
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0336517
IRS990/TotalProgramServiceExpensesAmt0933659
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02605
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01616695
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0290454
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0523407
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0154284
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0336517
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.PROJECTVERITASACTION.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES O'KEEFE III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROJECT VERITAS ACTION FUND
ReturnHeader/Filer/BusinessNameControlTxt0PROJ
ReturnHeader/Filer/EIN0471809663
ReturnHeader/Filer/PhoneNum09149082300
ReturnHeader/Filer/USAddress/AddressLine1Txt01214 W BOSTON POST ROAD
ReturnHeader/Filer/USAddress/CityNm0MAMARONECK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010543
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223194968
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Hulse & Associates PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0350 Passaic Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Fairfield
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007004
ReturnHeader/PreparerPersonGrp/PhoneNum09738825690
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Edward L Hulse
ReturnHeader/ReturnTs02019-07-15T12:20:16-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-09-01
ReturnHeader/TaxPeriodEndDt02018-08-31
ReturnHeader/TaxYr02017

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$523,407
Liabilities
$186,890
Net assets
$336,517
Revenue
$1,616,695
Expenses
$1,434,462
Net income
$182,233
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$2.91$0.73$2.18$1.89$1.01$0.88
2021Detailed filing. Detailed filing data is available for this year.$2.17$0.87$1.30$2.07$2.04$0.03
2020Detailed filing. Detailed filing data is available for this year.$2.78$1.48$1.29$2.12$1.83$0.29
2019Detailed filing. Detailed filing data is available for this year.$2.13$1.12$1.00$3.42$2.76$0.67
2018Detailed filing. Detailed filing data is available for this year.$0.52$0.19$0.34$1.62$1.43$0.18
2017Detailed filing. Detailed filing data is available for this year.$0.29$0.14$0.15$0.71$1.33$0.61
2015Detailed filing. Detailed filing data is available for this year.$1.35$0.12$1.23$1.82$0.59$1.23