Americans for Prosperity Foundation FY2022 filing

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Educate Americans on solutions that expand freedom and opportunity to unleash Prosperity for all.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$979K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $2.0M a year · 20% 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
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$979K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
31 mo
of spending, in cash
Looks good: 30.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
20
named funders · $1.0M
Looks good: 20 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.4M
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$18.8M
+58% vs prior year
Spent
$8.1M
To programs
74%
Net assets
$25.2M
By yearFY2020–FY2024
Revenue
$18.8M
FY2022▲ +58%
Tap a bar for its year
Revenue by fiscal year
FY2020$12.1M
FY2021$11.9M
FY2022$18.8M
FY2023$2.8M
FY2024$4.4M
Expenses
$8.1M
FY2022▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.3M
FY2021$8.7M
FY2022$8.1M
FY2023$9.0M
FY2024$6.9M
Net assets
$25.2M
FY2022▲ +74%
Tap a bar for its year
Net assets by fiscal year
FY2020$11.3M
FY2021$14.5M
FY2022$25.2M
FY2023$19.0M
FY2024$16.4M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1988.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $6.0M Management & general 26% · $2.1M Fundraising 0% · $8K

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; $979K paid to officers and key staff.

Part VII, Section A · reportable compensation
Senior Policy Counsel
$210,625Pt VII · Sec A
Chief Policy Counsel
$203,799Pt VII · Sec A
Senior Policy Counsel
$203,011Pt VII · Sec A
Policy Counsel
$173,145Pt VII · Sec A
Managing Policy Counsel
$166,225Pt VII · Sec A
Director & CEO
$15,778Pt VII · Sec A
Senior VP of Grassroots
$6,358Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Ryan Mulvey’s $210K as Policy Counsel is at the 67th percentile of top reported officer pay among 145 $1–10M social science 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
Ryan Mulvey$210,108$216,454$173,145$168,381$140,792
Lee Steven$202,243$202,872$203,011$213,411$202,629
Cynthia Crawford$200,553$210,625$210,625$203,569$188,646
Eric Bolinder—$206,746$166,225$165,445—
James Valvo$201,371$206,639$203,799$173,059$154,372
Michael D Pepson$162,602————
Michael Pepson————$140,359
Emily Seidel——$15,778$103,805$7,189

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.

See Americans for Prosperity Foundation executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates Americans on solutions that expand freedom and opportunity for universal prosperity.

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1 program · $6.0M · in their own filed words · FY2022
01

Educate americans on solutions that expand freedom and opportunity, with a focus on addressing unsustainable government spending and debt, reforming the health care, immigration, and criminal justice systems, protecting civil liberties, and building an economy where everyone has an opportunity to find success.

$6.0Mprogram expense

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
See all 20 funders →
Grants paid · 9 grants · $1.7M · 2021–2024
Cause of Action InstituteVA · FY2024$470,000
Cause of Action InstituteVA · FY2023$870,000
R Street InstituteDC · FY2023$45,000
Arizona Chamber of CommerceAZ · FY2023$17,500
Cause of Action InstituteVA · FY2022$200,000
Young VoicesDC · FY2021$50,000
National Able Network INCIL · FY2021$10,000
Second Look AllianceLA · FY2021$7,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$18.8M
Ln 12
Gifts and grantsLn 1h$10.8M
Other incomeLn 4–11$8.0M
Investment incomeLn 3$9K
Money outPt IX
$8.1M
Ln 25
Programscol B$6.0M
Managementcol C$2.1M
Fundraisingcol D$8K
Owns and owesPt X
$25.2M
net assets · Ln 32
Cash and savingsLn 1–2$20.7M
Total assetsLn 16$27.5M
LiabilitiesLn 26$2.4M
PeoplePt VI, VII
11
listed · VII A
PaidVII A7
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.8M
Noncash giftsLn 1g$127K
Investment incomeLn 3$9K
Other incomeLn 4–11$8.0M
Gains on assetsLn 7$2K
Total revenueLn 12$18.8M
Assets in detailPt X, end of year
CashLn 1$13.9M
SavingsLn 2$6.7M
Cash and savings togetherLn 1–2$20.7M
Pledges and grants receivableLn 3$6.8M
Accounts receivableLn 4$21K
Prepaid expenses and deferred chargesLn 9$61K
Total assetsLn 16$27.5M
LiabilitiesLn 26$2.4M
Net assetsLn 32$25.2M
OperationsPt I, VI
EmployeesI 58
VolunteersI 631
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$127K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$16.1M$20.7M
Land, buildings, equipmentLn 10c$1K$0
Total assetsLn 16$16.1M$27.5M
LiabilitiesLn 26$1.6M$2.4M
Net assetsLn 32$14.5M$25.2M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$200K$200K
Pay of current officers, directors and key staffLn 5$17K$14K$2K
Other salaries and wagesLn 7$3.1M$2.7M$368K
Pension plan contributionsLn 8$115K$101K$14K
Other employee benefitsLn 9$290K$166K$124K
Payroll taxesLn 10$175K$155K$20K
Legal feesLn 11b$585K$1K$583K
Other fees for servicesLn 11g$1.5M$793K$726K$0
Advertising and promotionLn 12$112K$98K$14K$23
Office expensesLn 13$123K$108K$15K
Information technologyLn 14$21K$20K$1K
OccupancyLn 16$124K$94K$30K
TravelLn 17$830K$686K$144K
Conferences, conventions and meetingsLn 19$541K$493K$48K
Depreciation, depletion and amortizationLn 22$1K$753$251
Other expenses (24a–d)Ln 24$333K$319K$7K$8K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$8.1M$6.0M$2.1M$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $4.4M$6.9M−$2.6M$16.4M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $2.8M$9.0M−$6.2M$19.0M 990 PDF
FY2022 ViewingFiled with the IRS Nov 15, 2023 $18.8M$8.1M$10.7M$25.2M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $11.9M$8.7M$3.2M$14.5M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $12.1M$7.3M$4.8M$11.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $18,766,045 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,921,472$10,756,522
I-9 Program service revenue$0
I-10 Investment incomePrior year −$44,013$9,483
I-11 Other revenue$8,000,040
I-12 Total revenuePrior year $11,877,459$18,766,045
I-13 Grants and similar amounts paidPrior year $74,500$200,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $4,645,451$3,698,732
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,936,737$4,189,064
I-18 Total expensesPrior year $8,656,688$8,087,796
I-19 Revenue less expensesPrior year $3,220,771$10,678,249
Part VI · Governance 1 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $18,766,045 across 8 lines filed
Lines not itemized here account for $40 of total revenue; see the IRS return.
VIII-1d Related organizations$201,445
VIII-1f All other contributions, gifts and grants$10,555,077
VIII-1g Noncash contributions (included above)$126,747
VIII-1h Total contributions, gifts and grants$10,756,522
VIII-3 Investment incomeExcluded from tax $7,470$7,470
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,013$2,013
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $8,000,000$8,000,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $8,009,523$18,766,045
Part IX · Statement of functional expenses $8,087,796 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $200,000$200,000
IX-5 Pay of current officers, directors and key staffPrograms $14,453 · Management $2,078$16,531
IX-7 Other salaries and wagesPrograms $2,734,580 · Management $367,700$3,102,280
IX-8 Pension plan contributionsPrograms $101,385 · Management $13,633$115,018
IX-9 Other employee benefitsPrograms $166,431 · Management $123,854$290,285
IX-10 Payroll taxesPrograms $154,701 · Management $19,917$174,618
IX-11b Legal feesPrograms $1,237 · Management $583,409$584,646
IX-11g Other fees for servicesPrograms $792,992 · Management $726,315 · Fundraising $0$1,519,307
IX-12 Advertising and promotionPrograms $98,082 · Management $14,155 · Fundraising $23$112,260
IX-13 Office expensesPrograms $108,015 · Management $14,671$122,686
IX-14 Information technologyPrograms $19,901 · Management $1,076$20,977
IX-16 OccupancyPrograms $93,680 · Management $30,438$124,118
IX-17 TravelPrograms $685,845 · Management $144,279$830,124
IX-19 Conferences, conventions and meetingsPrograms $493,045 · Management $47,690$540,735
IX-22 Depreciation, depletion and amortizationPrograms $753 · Management $251$1,004
IX-24 Other expenses (24a–d)Programs $318,639 · Management $6,669 · Fundraising $7,899$333,207
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $5,983,739 · Management $2,096,135 · Fundraising $7,922$8,087,796
Part X · Balance sheet $27,546,733 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $5,144,252$13,932,894
X-2 Savings and temporary cash investmentsStart of year $10,905,765$6,731,427
X-3 Pledges and grants receivable$6,800,000
X-4 Accounts receivable$21,488
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $55,453$60,924
X-10c Land, buildings and equipment, netStart of year $1,004$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $16,106,474$27,546,733
X-17 Accounts payable and accrued expensesStart of year $1,264,924$2,077,808
X-22 Loans from officers and insidersStart of year $0$0
X-25 Other liabilitiesStart of year $332,501$286,349
X-26 Total liabilitiesStart of year $1,597,425$2,364,157
X-27 Net assets without donor restrictionsStart of year $13,396,892$17,467,988
X-28 Net assets with donor restrictionsStart of year $1,112,157$7,714,588
X-32 Total net assets or fund balancesStart of year $14,509,049$25,182,576
X-33 Total liabilities and net assetsStart of year $16,106,474$27,546,733
Part XI · Reconciliation of net assets $25,182,576 net assets at year end
XI-1 Total revenue$18,766,045
XI-2 Total expenses$8,087,796
XI-3 Revenue less expenses$10,678,249
XI-4 Net assets at start of year$14,509,049
XI-5 Net unrealized gains (losses) on investments−$4,722
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$25,182,576

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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