Overview
What is Center For Political Accountability?
The Center for Political Accountability is a nonprofit organization situated in Washington, D.C., specifically at 1233 20th Street NW 205. Its primary role is to promote transparency and accountability in corporate political spending. The organization accomplishes this by educating the public and collaborating with institutional investors to propose policies that necessitate shareholder notification regarding political contribution policies and offer informational disclosure. The Center for Political Accountability believes that ending the prevalent secrecy surrounding corporate political actions will empower shareholders and the public to make informed decisions. The organization is led by a team of three dedicated individuals.
Official website here: www.politicalaccountability.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 51%, One-Star out of Four Star rating
The Center for Political Accountability has received a One-Star rating from Charity Navigator, reflecting a score of 51%. This rating indicates significant concerns in accountability and financial management, particularly highlighted by a low Accountability & Finance Score of 46. Although the organization has a fully independent board and adheres to various governance policies, the absence of financial statements severely impacts its transparency and overall rating.
Strengths of the organization include its robust board composition, with 100% independent members and a strong leadership and adaptability score of 100. The organization has effective policies in place regarding conflict of interest, whistleblower protection, and document retention, which demonstrate a commitment to ethical governance. However, the financial health of the organization is concerning, with a high liabilities to assets ratio of 127.66% and a program expense ratio of only 54.24%.
Overall, while the Center for Political Accountability exhibits strong governance practices, the lack of financial transparency and the current liabilities raise red flags for potential donors. Improving financial reporting and ensuring a higher program expense ratio could enhance its credibility and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Center For Political Accountability legitimate?
Center For Political Accountability is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center For Political Accountability submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $188,532
Professional Fundraising Fees: $0
Other Salaries and Wages: $171,075
For more financial information, click here
Official website here: www.politicalaccountability.net
What is the mission statement of Center For Political Accountability?
The Center for Political Accountability's mission is centered around promoting transparency and accountability in corporate political spending. Recognizing the prevalent secrecy that shrouds such activities from shareholders and the public, the organization aims to challenge this status quo. They have taken active steps in this regard, such as educating the public about corporate political spending and collaborating with institutional investors to propose shareholder resolutions. These resolutions call for notification to shareholders regarding political contribution policies and the provision of informational disclosure.
Official website here: www.politicalaccountability.net
Who is the CEO of Center For Political Accountability?
Bruce Freed is the Secretary of Center For Political Accountability.
Official website here: www.politicalaccountability.net
What is the revenue of Center For Political Accountability?
Center For Political Accountability's revenue in 2022 was $1,132,071.
Official website here: www.politicalaccountability.net
Who are the executives of Center For Political Accountability and what are their salaries?
The average compensation at Center For Political Accountability during 2022 was $119,869. There are 3 employees and 12 volunteers at Center For Political Accountability.
Here are 13 key members and their salaries:
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- Compensation: $150,000
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- Other: $38,532
Official website here: www.politicalaccountability.net
Where can I find the form 990 for Center For Political Accountability?
Center For Political Accountability's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.politicalaccountability.net
Learn more at the official website: www.politicalaccountability.net
Mission Statement of Center For Political Accountability
The Center for Political Accountability, as its mission statement suggests, is committed to fostering transparency and accountability in the realm of corporate political spending. The organization believes that the prevalent secrecy surrounding corporate political activities often obscures shareholders and the public from gaining a comprehensive understanding of such expenditures. In an effort to address this issue, the Center for Political Accountability has taken several steps. Firstly, it has engaged in public education initiatives to raise awareness about the intricacies of corporate political spending. Secondly, the organization has collaborated with institutional investors, encouraging them to submit shareholder proposals demanding notification of political contribution policies and providing informational disclosure. By engaging in these activities, the Center for Political Accountability aims to promote greater openness and transparency in corporate political spending, ultimately empowering shareholders and the public to make informed decisions.
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Impact
October, 2024
The Center for Political Accountability plays a crucial role in enhancing transparency and accountability in corporate political spending. By educating the public on the intricacies of corporate political contributions, it empowers shareholders with the knowledge needed to hold companies accountable for their political activities. Collaborating with institutional investors, the Center successfully advocates for proposals that require corporations to disclose their political contribution policies and practices. This initiative fosters greater openness, enabling shareholders to make informed decisions about their investments and encouraging companies to adopt responsible governance practices. Ultimately, the Center's efforts help dismantle the pervasive secrecy surrounding corporate political activity, aligning corporate conduct with the interests of shareholders and the public at large.
This information is meant to be a general summary of Center For Political Accountability. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $96
- Gross Receipts: $1,132,071
Assets and Liabilities:
- Total Assets: $528,925
- Total Liabilities: $675,234
- Net Assets: -$146,309
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Organization Details
Founding Year
2003
Phone
(202) 464-1570Principal Officer
Bruce Freed
Main Address
1233 20th Street NW 205, Washington, DC, 20036
NTEE Category
Code: W01 - Public benefit
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