Civic Intelligence

Project Veritas Action Fund

990 • Fiscal year 2020 • EIN 47-1809663

Sep 01, 2019 to Aug 31, 2020 • Filed on Jul 14, 2021

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

86th percentile

0.53x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

77th percentile

0.70x

Higher debt load relative to revenue than 77% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Net Margin

57th percentile

14%

Higher net margin than 57% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Asset Growth

86th percentile

31%

Faster asset growth than 86% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

10th percentile

-38%

Faster revenue growth than 10% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$2,778,529

Up $652,790 (+31%) from 2019

Net Assets

Up

$1,293,667

Up $289,927 (+29%) from 2019

Liabilities

Up

$1,484,862

Up $362,863 (+32%) from 2019

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin57th percentile

Revenue

Down

$2,120,018

Down $1,302,266 (-38%) from 2019

Expenses

Down

$1,830,091

Down $924,970 (-34%) from 2019

Net Income

Down

$289,927

Down $377,296 (-57%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth86th 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

2020

Assets$2,778,529
Liabilities$1,484,862
Net Assets$1,293,667
Open 2020 Filing

Operations Trend

Revenue Growth10th 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

2020

Revenue$2,120,018
Expenses$1,830,091
Net Income$289,927
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Jul 14, 2021
Return Version
2019v5.0
Gross Receipts
$2,120,018
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$737,226$2,617,971▲ $1,880,745
Pledges and Grants Receivable$1,250,000$0▼ $1,250,000
Land, Buildings, and Equipment, Net$129,621$151,200▲ $21,579
Prepaid Expenses and Deferred Charges$6,892$7,358▲ $466
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$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$2,125,739$2,778,529▲ $652,790
Other Assets Total$2,000$2,000→ $0
Liabilities
Other Liabilities$993,997$1,450,626▲ $456,629
Accounts Payable and Accrued Expenses$128,002$34,236▼ $93,766
Total Liabilities$1,121,999$1,484,862▲ $362,863
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,003,740$1,293,667▲ $289,927
Total Net Assets Fund Balance$1,003,740$1,293,667▲ $289,927
Total Liabilities and Net Assets / Fund Balance$2,125,739$2,778,529▲ $652,790

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$132,741$10,087$142,828
Equipment$9,076$7,845$16,921
Other Land Buildings$9,383$6,093$15,476
Compensation and Service Providers
Top Officer Pay61st percentile

Board Members and Trustees

NameTitle
JAMES O'KEEFE IIIPresident
George SkakelDirector
Joseph BartonDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Cali Law LLCLegal14 NORTHEAST 1ST AVE, Miami, FL 33132$143,308
Revenue and Support

Revenue Composition

Contributions and Grants
$2,119,966
Program Service Revenue
$0
Investment Income
$52
Other Revenue
$0
All Other Contributions
$2,119,966
Change in Net Assets
$289,927
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,730,091
Professional Fundraising Fees$100,000
Total Fundraising Expense$100,000
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$307,291$80,545-$387,836
Fees for Services Other$155,101$79,933-$235,034
Travel$197,618--$197,618
Insurance$6,275$95,264-$101,539
Fees for Services Professional Fundraising--$100,000$100,000
Information Technology$77,032--$77,032
Occupancy-$44,167-$44,167
Other Expenses$26,235$32,324-$26,235
Fees for Services Accounting-$13,973-$13,973
All Other Expenses$5,955$4,942-$10,897
Office Expenses$1,541$8,309-$9,850
Depreciation Depletion-$8,757-$8,757
Total Functional Expenses$1,038,410$691,681$100,000$1,830,091
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$100,000
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due Affiliates$1,450,626
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 35% controlled entity
No
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
2021-07-14
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
2
Employees
0

Preparer

Firm
Hulse & Associates PC
Address
350 Passaic Avenue, Fairfield, NJ 07004
Preparer
Edward L Hulse
Phone
9738825690
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IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0PARK AVENUE ASSETS LLC
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt0100000
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt01173A 2ND AVENUE 381
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd010065
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IRS990ScheduleG/TotalNetToOrganizationAmt01900000
IRS990ScheduleG/TotalRetainedByContractorsAmt0100000
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OFFICERS AND BOARD MEMBERS ARE PROVIDED WITH A COPY OF FORM 990 FOR REVIEW AND DISCUSSION PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MADE AVAILABLE UPON REQUEST FOR INSPECTION AT THE ORGANIZATIONS OFFICE LOCATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
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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
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PROJECT VERITAS
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IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt02778529
IRS990/TotalAssetsGrp/BOYAmt02125739
IRS990/TotalAssetsGrp/EOYAmt02778529
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02119966
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0691681
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01038410
IRS990/TotalFunctionalExpensesGrp/TotalAmt01830091
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt01484862
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IRS990/TotalProgramServiceRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02778529
IRS990/TravelGrp/ProgramServicesAmt0197618
IRS990/TravelGrp/TotalAmt0197618
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01214 W BOSTON POST ROAD 156
IRS990/USAddress/CityNm0MAMARONECK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010543
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.PROJECTVERITASACTION.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES O'KEEFE III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-14
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

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,778,529
Liabilities
$1,484,862
Net assets
$1,293,667
Revenue
$2,120,018
Expenses
$1,830,091
Net income
$289,927
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