Mavericks INC FY2023 filing

Washington, DCUnknown exempt organizationEIN 47-1939582Revenue $158K in FY2023

On file with the IRS4608 Rockwood Parkway Nw · Washington, DC

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The organizations primary purpose is to promote social welfare and to educate the public about conservative values and principles. The corporation provides a platform for engaging the next generation of american leaders in a wide range of policy discussions and debates through its programs and events throughout the country.

37¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $8K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
37%
of spending
Concern: 37% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $45K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$158K
-9% vs prior year
Spent
$181K
To programs
37%
Net assets
$45K
By yearFY2020–FY2025
Revenue
$158K
FY2023▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$118K
FY2021$215K
FY2022$174K
FY2023$158K
FY2024$212K
FY2025$173K
Expenses
$181K
FY2023▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$169K
FY2022$206K
FY2023$181K
FY2024$187K
FY2025$150K
Net assets
$45K
FY2023▼ -34%
Tap a bar for its year
Net assets by fiscal year
FY2020$54K
FY2021$100K
FY2022$68K
FY2023$45K
FY2024$70K
FY2025$92K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

37 cents of each dollar spent went to programs.

Program services 37% · $67K Management & general 63% · $114K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
National Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mavericks INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates the public on conservative values and engages future leaders in policy discussions.

Questions for Mavericks INC

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Provided by the organization

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1 program · $67K · in their own filed words · FY2023
01

Maverick's events are held to educate the public about conservative values and principles.

$67Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
See all 3 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$158K
Ln 12
Fees for servicesLn 2g$158K
Money outPt IX
$181K
Ln 25
Programscol B$67K
Managementcol C$114K
Owns and owesPt X
$45K
net assets · Ln 32
Cash and savingsLn 1–2$45K
Total assetsLn 16$45K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$158K
Total revenueLn 12$158K
Assets in detailPt X, end of year
CashLn 1$45K
Cash and savings togetherLn 1–2$45K
Total assetsLn 16$45K
LiabilitiesLn 26$0
Net assetsLn 32$45K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$68K$45K
Total assetsLn 16$68K$45K
LiabilitiesLn 26$0$0
Net assetsLn 32$68K$45K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$516$516
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$158K$48K$110K
Other expenses (24a–d)Ln 24$21K$19K$1K
Total functional expensesLn 25$181K$67K$114K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $173K$150K$23K$92K 990 PDF
FY2024 $212K$187K$24K$70K 990 PDF
FY2023 Viewing $158K$181K−$23K$45K 990 PDF
FY2022 $174K$206K−$32K$68K 990 PDF
FY2021 $215K$169K$45K$100K 990 PDF
FY2020 $118K$54K 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
See the full FY2023 990 (6 parts)
Part I · Summary $157,850 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $174,252$157,850
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $174,252$157,850
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $206,059$180,816
I-18 Total expensesPrior year $206,059$180,816
I-19 Revenue less expensesPrior year −$31,807−$22,966
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $157,850 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $157,850$157,850
VIII-12 Total revenueRelated to mission $157,850 · Unrelated business $0 · Excluded from tax $0$157,850
Part IX · Statement of functional expenses $180,816 across 4 lines filed
IX-11b Legal feesManagement $516$516
IX-11c Accounting feesManagement $1,650$1,650
IX-11g Other fees for servicesPrograms $47,621 · Management $110,462$158,083
IX-24 Other expenses (24a–d)Programs $19,432 · Management $1,135$20,567
IX-25 Total functional expensesPrograms $67,053 · Management $113,763 · Fundraising $0$180,816
Part X · Balance sheet $45,093 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $68,059$45,093
X-16 Total assetsStart of year $68,059$45,093
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $68,059$45,093
X-32 Total net assets or fund balancesStart of year $68,059$45,093
X-33 Total liabilities and net assetsStart of year $68,059$45,093
Part XI · Reconciliation of net assets $45,093 net assets at year end
XI-1 Total revenue$157,850
XI-2 Total expenses$180,816
XI-3 Revenue less expenses−$22,966
XI-4 Net assets at start of year$68,059
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$45,093

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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