1848 Project INC EIN 84-4343732

1848 Project INC

EIN  84-4343732 Membership association Middleton, WI Founded 2020
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Develops and champions principled policy solutions for Wisconsin.
Leadership
Rebecca Kleefisch · President · $158K
Money in and out
$489K revenue, $310K expenses
Bottom line
+37% operating surplus

Develops and champions principled policy solutions for Wisconsin. For fiscal year 2025 it reported $489K in revenue, $310K in expenses, and $643K in net assets.Pt I

Membership & operating revenue · FY2025
Total revenue
$489K
Pt VIII · Ln 12
Total expenses
$310K
Pt IX · Ln 25
Net assets
$643K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $179K
Where spending went · Part IX cols B–D
Management & general $1.00
Operating surplus
+37%
revenue over expenses▲ +136% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Payroll share
89%
of spending is salaries & benefits▼ -5% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$489K
FY2025▲ +29%
Expenses
$310K
FY2025▼ -3%
Total assets
$643K
FY2025▲ +39%
Total liabilities
$0
FY2025
Total revenue
$489K
Pt VIII · Ln 12
Total expenses
$310K
Pt IX · Ln 25
Net assets
$643K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$179K
Total assetsPt X · Ln 16$643K
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item C1848 Project INC
EINHdr · item D84-4343732
Principal addressHdr · item CMiddleton, WI
WebsiteHdr · item Jwww.1848project.org
Year of formationHdr · item L2020
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFCivil Rights & Advocacy (R19)
Ruling yearIRS BMFNov 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
$158,000Pt VII · Sec A
Executive Director
$42,000Pt VII · Sec A
Executive Director
$18,833Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Rebecca Kleefisch’s $158K as President is at the 93rd percentile of top reported officer pay among 1035 $100K–1M 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

NameFY2025FY2024FY2022FY2021FY2020
Rebecca Kleefisch$158,000$157,000$45,000$112,500$40,000
Charles Nichols$17,500$70,800
Bonnie Lee$42,000$68,250$30,000$4,017
Alec Zimmerman$51,000
Colleen Coyle$49,445
Kristen Nupson$30,000
Christina Nelson$22,919
Benjamin Garbedian$18,833

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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Statement of Revenue

Part VIII
Contributions & grants$484K · 99%
Investment income$5K · 1%
Contributions & grants99%$484K
Investment income1%$5K
Total revenueLn 12$489K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$310K
Total functional expensesLn 25$310K

Balance Sheet

Part X · end of year
CashLn 1$643K
Total assetsLn 16$643K
Total liabilitiesLn 26$0
Total net assetsLn 32$643K
Months of cash on handcomputed24.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $643K · Operating expenses/yr $310K
24.9 months
Where the money goes
Program services
Program services $0 · Total expenses $310K
0%
Management & General
Management & general $310K · Total expenses $310K
100%
Fundraising
Fundraising $0 · Total expenses $310K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $415K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $484K · Total revenue $489K
99%
Government reliance
Government grants $0 · Total revenue $489K
0%
Earned-income share
Program service revenue $0 · Total revenue $489K
0%
Investment reliance
Investment income $5K · Total revenue $489K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $310K
0%
Growth & trend
Revenue growth (YoY)
This year $489K · Prior year $379K
+29%
Revenue CAGR
FY2020 $691K · FY2025 $489K
-7%
Net-asset trend (YoY)
End of year $643K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $489K · Expenses $310K
+37%
Liabilities-to-Assets
Total liabilities — · Total assets $643K
Net-asset ratio
Net assets $643K · Total assets $643K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $643K
0%
People & payroll
Highest Reported Total Compensation
Individual Rebecca Kleefisch · Reported title President · Highest reported compensation $158K · Total expenses $310K
51%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $276K · Total expenses $310K
89%
Peer comparison

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

MetricThis orgPeer medianPercentile
Overhead ratio 100%
Revenue growth 29%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$95K

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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
FY2025 (Latest)$489K revenue · viewing · ⤓ 990 PDF
FY2024$379K revenue · ⤓ 990 PDF
FY2023$382K revenue · ⤓ 990 PDF
FY2022$300K revenue · ⤓ 990 PDF
FY2021$393K revenue · ⤓ 990 PDF
FY2020$691K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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