No Labels EIN 27-1432208 Form 990 (PDF) Claim this org

No Labels FY2022 filing

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Unites Democrats and Republicans to solve problems and fix government. For fiscal year 2022 it reported $21.2M in revenue, $12.1M in expenses, and $18.8M in net assets.Pt I

Founded
2009
Type
Unknown exempt organization · Nonprofit
Location
Washington, DC
Website
www.nolabels.org
Filings
5 on file (2020–2022)
Revenue
$21.2MFY2022
Expenses
$12.1M
Net assets
$18.8M
People
26
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-1432208 Unknown exempt organization Washington, DC Founded 2009
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Unites Democrats and Republicans to solve problems and fix government.
Leadership
Mark Halperin · Chief Strategist · $337K
Money in and out
$21.2M revenue, $12.1M expenses
Bottom line
+43% surplus margin
Reported financial activity · FY2022
Total revenue
$21.2M
Pt VIII · Ln 12
Total expenses
$12.1M
Pt IX · Ln 25
Net assets
$18.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $9.1M
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.19 Fundraising $0.07
Surplus margin
+43%
revenue over expenses, this year
Program spending
74%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$21.2M
FY2022▲ +87%
Expenses
$12.1M
FY2022▲ +15%
Total assets
$19.9M
FY2022▲ +96%
Total liabilities
$1.1M
FY2022▲ +149%
Total revenue
$21.2M
Pt VIII · Ln 12
Total expenses
$12.1M
Pt IX · Ln 25
Net assets
$18.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$9.1M
Total assetsPt X · Ln 16$19.9M
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNo Labels
EINHdr · item D27-1432208
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.nolabels.org
Year of formationHdr · item L2009
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Strategist
$336,879Pt VII · Sec A
Chief Strategist
$336,879Pt VII · Sec A
Co-Executive Director
$315,440Pt VII · Sec A
Co-Executive Director
$315,440Pt VII · Sec A
$300,000Pt VII · Sec A
$300,000Pt VII · Sec A
Co-Executive Director
$203,975Pt VII · Sec A
Co-Executive Director
$203,975Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021
Nancy Jacobson$352,083$284,375$300,000
Margaret White$339,961$261,121$315,440$192,160
Mark Halperin$336,879$240,753
John Kunza$303,250
Elizabeth Morrison$277,224$217,262$203,975$186,412
Nicholas Connors$195,000$150,157
Holly Page$180,000$191,602
McKinley Scholtz$179,402$134,723

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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Mission & Programs · Part III

Where the work happens

2 program services account for $17.8M of program spending, described in the organization's own filed words · FY2022.
01

Citizens engagement, digital and grassroots movement building and ballot access:We have developed leadership networks in all 50 states to establish grassroots support among communities across the country of citizens who share No Labels values.

$8.9Mprogram expense
02

Citizens engagement, digital and grassroots movement building and ballot access:We have developed leadership networks in all 50 states to establish grassroots support among communities across the country of citizens who share No Labels values.

$8.9Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$21.2M
Other revenue$3K
Total revenueLn 12$21.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.19 Fundraising $0.07
Program services74%$8.9M
Management & general19%$2.3M
Fundraising7%$841K
Total functional expensesLn 25$12.1M

Balance Sheet

Part X · end of year
CashLn 1$19.5M
Total assetsLn 16$19.9M
Total liabilitiesLn 26$1.1M
Total net assetsLn 32$18.8M
Months of cash on handcomputed19.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $19.5M · Operating expenses/yr $12.1M
19.3 months
Where the money goes
Program services
Program services $8.9M · Total expenses $12.1M
74%
Management & General
Management & general $2.3M · Total expenses $12.1M
19%
Fundraising
Fundraising $841K · Total expenses $12.1M
7%
Cost to raise $1
Fundraising expense (3-yr avg) $658K · Solicited contributions (3-yr avg) $14.8M
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $21.2M · Total revenue $21.2M
100%
Government reliance
Government grants — · Total revenue $21.2M
Earned-income share
Program service revenue $0 · Total revenue $21.2M
0%
Investment reliance
Investment income $0 · Total revenue $21.2M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $12.1M
0%
Growth & trend
Revenue growth (YoY)
This year $21.2M · Prior year $11.3M
+87%
Net-asset trend (YoY)
End of year $18.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $21.2M · Expenses $12.1M
+43%
Liabilities-to-Assets
Total liabilities — · Total assets $19.9M
Net-asset ratio
Net assets $18.8M · Total assets $19.9M
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $19.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mark Halperin · Reported title Chief Strategist · Highest reported compensation $337K · Total expenses $12.1M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.3M · Total expenses $12.1M
27%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 19%
Fundraising cost ratio 4%
Revenue growth 87%
Legal fee ratio 17%
Accounting fee ratio 1%

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.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$5K
Grants paid · 7 grants · $10.1M · 2021–2024
Gop 20 INCGA · FY2024$10,000
Israel Economic ForumVA · FY2024$5,150
No Labels Ballot AccessFY2023$443,050
Insurance Policy for AmericaDC · FY2021$2,400,000
Insurance Policy for AmericaFY2021$2,400,000
Insurance Policy for AmericaFY2021$2,400,000
Insurance Policy for AmericaFY2021$2,400,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$7.4M revenue · ⤓ 990 PDF
FY2023$24.6M revenue · ⤓ 990 PDF
FY2022$21.2M revenue · viewing · ⤓ 990 PDF
FY2021$11.3M revenue · ⤓ 990 PDF
FY2020$11.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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