American Principles Project FY2021 filing

Not tax-deductible

Arlington, VA501(c)(4)Civil Rights & AdvocacyEIN 26-4613397

Our mission is to advocate for policy solutions that uphold America's founding principles.

68¢ of each $1 spent went to programs.
$765K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(4)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
No
Donations are not tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
IRS e-file · Filing history
Is it financially stable?
4 of 5
years in the black
Pt I · Ln 19 · 5 filings
How much reaches the programs?
68%
of spending
Pt IX · Ln 25 · col B
What are leaders paid?
$765K
to officers and key staff · 31% of spending
Pt VII · Sec A
Do they have reserves?
1 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $333K
Funders’ Sch. I, 990-PF
Do they carry debt?
$99K
liabilities
Pt X · Ln 26
Who oversees it?
2
independent of 4 voting board members
Pt VI · Ln 1a–1b
Revenue
$2.7M
-56% vs prior year
Spent
$2.5M
To programs
68%
Net assets
$709K
By yearFY2020–FY2024
Revenue
$2.7M
FY2021▼ -56%
Revenue by fiscal year
FY2020$6.1M
FY2021$2.7M
FY2022$5.1M
FY2023$5.3M
FY2024$3.9M
Expenses
$2.5M
FY2021▼ -57%
Expenses by fiscal year
FY2020$5.8M
FY2021$2.5M
FY2022$4.6M
FY2023$4.1M
FY2024$4.4M
Net assets
$709K
FY2021▲ +38%
Net assets by fiscal year
FY2020$515K
FY2021$709K
FY2022$1.3M
FY2023$2.5M
FY2024$2.0M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
Yes — exemption reinstated (2012-10-15)
Per the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CAmerican Principles Project
EINHdr · item D26-4613397
Exempt statusHdr · item I501(c)(4) · active
Ruling yearIRS BMFNov 2014
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CArlington, VA
NTEE classificationIRS BMFCivil Rights & Advocacy (R010)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.15 Fundraising $0.17
Program services68%$1.7M
Management & general15%$367K
Fundraising17%$426K
Total functional expensesLn 25$2.5M

Financial health

Is it on solid ground?

Operating surplus
+7%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Payroll share
33%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$808K
FY2021▲ +36%
Total assets by fiscal year
FY2020$593K
FY2021$808K
FY2022$1.9M
FY2023$3.0M
FY2024$2.5M
Total liabilities
$99K
FY2021▲ +27%
Total liabilities by fiscal year
FY2020$78K
FY2021$99K
FY2022$653K
FY2023$499K
FY2024$518K
Revenue less expensesPt I · Ln 19$185K
Total assetsPt X · Ln 16$808K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 42

Balance Sheet

Part X · end of year
CashLn 1$220K
Total assetsLn 16$808K
Total liabilitiesLn 26$99K
Total net assetsLn 32$709K
Months of cash on handcomputed1.1

Statement of Revenue

Part VIII
Contributions & grants100%$2.7M
Other revenue$7K
Total revenueLn 12$2.7M

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $220K · Operating expenses (Pt IX) $2.5M · Less non-cash grants $221K · Cash operating expenses/yr $2.3M
1.2 months
Where the money goes
Program services
Program services $1.7M · Total expenses $2.5M
68%
Management & General
Management & general $367K · Total expenses $2.5M
15%
Fundraising
Fundraising $426K · Total expenses $2.5M
17%
Cost to raise $1
Fundraising expense (2-yr avg) $322K · Solicited contributions (2-yr avg) $4.3M
$0.07 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.7M · Total revenue $2.7M
100%
Government reliance
Government grants — · Total revenue $2.7M
—
Earned-income share
Program service revenue $0 · Total revenue $2.7M
0%
Investment reliance
Investment income $0 · Total revenue $2.7M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.5M
0%
Growth & trend
Revenue growth (YoY)
This year $2.7M · Prior year $6.1M
-56%
Net-asset trend (YoY)
End of year $709K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.7M · Expenses $2.5M
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $808K
—
Net-asset ratio
Net assets $709K · Total assets $808K
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $808K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Raheem Kassam · Reported title The National Pulse Editor · Highest reported compensation $183K · Total expenses $2.5M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $825K · Total expenses $2.5M
33%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 68%——
Overhead ratio 15%——
Fundraising cost ratio 16%——
Revenue growth -56%——
Legal fee ratio 0.06%——
Accounting fee ratio 0.7%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
The National Pulse Editor
$183,378Pt VII · Sec A
$179,422Pt VII · Sec A
Treasurer and President Emeritus
$167,627Pt VII · Sec A
Director of Policy and Gov't Affairs
$124,712Pt VII · Sec A
Director of Operations
$109,822Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Terrence Schilling’s $247K as President is at the 88th percentile of top reported officer pay among 797 $1–10M civil rights & advocacy nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Terrence Schilling$246,714$232,547$190,881$179,422$166,039
Raheem Kassam——$198,154$183,378—
Francis Cannon$181,667$191,092$167,627$167,627$167,853
Jon Schweppe$177,420$160,754$149,504$124,712—
Anthony Labruna$152,917————
Paul Dupont$148,527$121,007———
Adam Korzeniewski—$127,011———
Christopher Madden$112,041————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 4Voting board membersPt VI · Ln 1a
  • 2Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Advocates for policy solutions upholding America's founding principles.

Provided by the organization

This section is blank until American Principles Project claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $1.7M of program spending, described in the organization's own filed words · FY2021.
01

American Principles Project, through its pro-family program, advocated on behalf of the American family and engaged on issues of chief importance to families, by: pressing for and supporting laws that defend women's sports and protect children from harmful sex-change procedures, pushing for legislation to rein in Big Tech censorship…

$1.4Mprogram expense
02

American Principles Project advocated for greater integrity in US elections through the Election Transparency Initiative.

$190Kprogram expense
03

American Principles Project promoted pro-family issues through its publication of the news site TheNationalPulse.com.

$139Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$333K
Grants paid · 14 grants · $5.1M · 2020–2024
Buckeye ValuesFY2024$100,000
Arizona Free Enterprise ClubAZ · FY2024$50,000
Republican Governors AssociationFY2024$50,000
Council for National PolicyDC · FY2024$6,900
Restoration Action INCFL · FY2023$322,500
Voter Reference Foundation LLCFY2022$350,000
Restoration Action INCFL · FY2022$350,000
American Principles Project PacFY2021$250,000
Restoration Action INCFL · FY2021$220,000
Free Ohio PacFY2021$9,000
American AdvancementMD · FY2020$1,983,000
Common Sense Voters of America LLCFY2020$1,400,000
Starboard MovementsFY2020$15,000

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $3.9M$4.4M-27% 990 PDF
FY2023 $5.3M$4.1M+3% 990 PDF
FY2022 $5.1M$4.6M+92% 990 PDF
FY2021 Viewing $2.7M$2.5M-56% 990 PDF
FY2020 $6.1M$5.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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