990 Return of Organization Exempt From Income Tax 1w
Under section 501 527. or 4947(e)t1) of the Internal Revenue Code (except private foundations)

Department at theTreasury Do not enter social security numbers on this form as it may be made public. Open to Public

Internal Revenue Sender: Ir Go to for Instructions and the latest information. In spectlo 

A For the 2017 calendar year, or tax year beginning . 2017. and ending . 20

3 Check it applicable: 0 Name of organlzation Donors QED i tal Fund I I nc Employer identification number

Address change Doing business Name change Number and street {or P.0. box It mail Is not delivered to street address) Room/suite Telephone number

Initiaireturn 1800 Diagonal Rd 280 (7035354563

Fine! retumlterminamd City or town. state or province. country, and or Ioreign postal code

Amended .eium Alexandria. VA 22314 Gross 6, 562 887.

CI Application pending Name and address or principal oIIicel': a group rem tusirtnd'nala?D Yes No
Lawson Bader, 1800 Diagonal Rd Ste 280. Alexandria. VA 22314 up) Are all subordinates included? Cl Yes No

I Tamxempt status: stations.) 501(c)l 4 (Insert no.) 49mm) or 527 ""07 a (39? ??5?de

Website: do norscapital fund . orq Group exemption number 

Form of organization: Corporation Trust Association El Other I Year oI Ionnation: 1 99 9  State of legal domicile: VA

 

 

 

Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   

 

 

 

 

 

 

 

1 Brie?y describe the organization's mission or most significant activities: orgs. [Inch alleviate. through
8 educatmn research and Erlvatenl?ll latlves. socmty most pervastve and radtcal needs including those reiattng to some]
3 welfare. health. environment. economics. Governance. foreign relations. and arts and culture; and which encouraqe 
2 Check this box PEI if the organization discontinued its operations or disposed of more than 25% of its net assets.
3 3 Number of voting members of the governing body (Part VI, line is). 3 3
4 Number of independent voting members of the governing body (Part VI. line 1b) 4 '7
.3 5 Total number of individuals empioyed to calendar year 2017 (Part line 2aTotal number of volunteers (estimate it necessaryTotal unrelated business revenue from Part column (C), line Net unrelated business taxable Income from Form 990- -T. line Prior Year Current Year
a 8 Contributionsand grantsIPartVill. line1h70,783,659. 366.087.
9 Program service revenue (Part line 29Investment' Income (Part column (A), lines 5?Other revenue (Part column (A). lines 5, 6d. Bo, Bo, 10c, and 11s) .
12 Total revenue?add lines 8 through 11 (must equal Part column (A), line 12Grants and similar amounts paid (Part iX. column (A), lines 1-Bene?ts paid to or for members (Part 1X. column (A), line Salaries, other compensation. employee benefits (Part IX. column (A), lines 5-10) 0 . 0 -
16a Professional fundraising fees (Part IX, column (A). line 119Total fundraising expenses (Part IX, column (D), line 257-2" 1-7.: '2
17 Other expenses (Part ix. column (A). lines 11a?11d.11f?24eTotal expenses. Add lines 13-17 (must equal Part IX, column (A), line 25) . 75 983 055. 4 i 051 i 007-
19 Fievenue less expenses. Subtract ltne18from -4,623,708. -2.236,209.
3% Beginning of Current Year End at Year
33%? 20 TotaiassetsiPartX. line1623,700,433. 22,377,810.
?it 21 Total liabilities (Part X, line 265322 Net assets or f_und balances. Subtract line 21 from line 20Signature Block

Under penalties of perjury. I declare that I have examined this return. Including accompanying schedules and statements. and to the best of my knowledge and belief. it is
true. correct. and com- Declarati parer (other than officer) is based on all information at which preparer has any knowledge

   
 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sign I . A Date
Here - on Bader, President
Type or print name and title
Paid Print/Type preparer's name Preparer's signature Date Check If PTIN
Preparer __?S_eif__Pf A sell-employed
use only FIrm's name - I CU Firm's EIN 
Finn's address Phone no.
May the IRS discuss this return with the preparer shown above? (see instructionsForm 990 (2017)

For Paperwork Reduction Act Notice, see the separate Instructions. BAA REV 101mm and

Form 990 (2017) Page 2
Part Statement of Program Service Accomplishments

1

Check if ScheduleOcontainsaresponse or note to any line in this Part . . . . . . . . . . . . . El
Briefly describe the organization?s mission:
Support IRC orgsl which alleviatet through
including those relatinq to social
welfare health. environment: economicst 

 

Did the organization undertake any significant program services during the year which were not listed on the

If ?Yes,? describe these new services on Schedule 0.

Did the organization cease conducting. or make significant changes in how it conducts, any program
services? DYes-No
If "Yes," describe these changes on Schedule 0.

Describe the organization's program service accomplishments for each of its three largest program services. as measured by
expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others,
the total expenses, and revenue, if any. for each program service reported.

 

4a

(Code: (Expenses 3-3 L931. 21.91.12; including grants of (Revenue 




 

 

 

 

 

 

 

4b

(Code: (Expenses including grants of (Revenue 

 

 

 

 

 

 

 

 

 

 

 

 

(Code: (Expenses including grants of (Revenue 

 

 

 

 

 

 

 

 

 

 

 

 

4d Other program services (Describe in Schedule 

(Expenses including grants of (Revenue 

4e Total program service expenses REV ionsna PRO Form 990 (2017}

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Form 990 {2017) Page 3
Checklist of Required Schedules
Yes No
1 Is the organization described in section 501(c)(3) or 4947la)(1) (other than a private foundation)? If ?Yes.?
complete Schedule the organization required to complete Schedule 8. Schedule of Contributors (see instructions)? . 2 
3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to
candidates for public office? ll "Yes. complete Schedule C, Part I . 3 
4 Section 501 organizations. Did the organization engage in lobbying activities. or have a section 501 
election In effect during the tax year? If ?Yes. complete Schedule C, Part llthe organization a section 501(c)(4), 501(c)(5). or 501(c)(6) organization that receives membership dues,
assessments, or similar amounts as defined in Revenue Procedure 98-19? If ?Yes," complete Schedule C,
5 
6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors
have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If
?Yes," complete Schedule D, PartDid the organization receive or hold a conservation easement. including easements to preserve open space,
the environment, historic land areas. or historic structures? If ?Yes.? complete Schedule D, Part ll 7 
8 Did the organization maintain collections of works of art, historical treasures. or other similar assets? If ?YesDid the organization report an amount in Part X. line 21, for escrow or custodial account liability, serve as a
custodian for amounts not listed in Part or provide credit counseling, debt management, credit repair. or
debt negotiation services? If ?Yes," complete Schedule D, Part IV. 9 
10 Did the organization. directly or through a related organization, hold assets in temporarily restricted
endowments permanent endowments. or quasi- e-ndowments? If ?Yes," complete Schedule D, Part . 10 
11 If the organization's answer to any of the following questions is ?Yes," then complete Schedule D, Parts VI, 
VII, IX. or as applicable. .
a Did the organization report an amount for land, buildings. and equipment in Part X. line 10? If ?Yes 
complete Schedule D. Part 113 
Did the organization report an amount for investments?other securities in Part X. line 12 that' Is 5% or more
of its total assets reported In Part X, line 16? If ?Yes, complete Schedule D, Part VII . . - 11b 
Did the organization report an amount for investments?program related? In Part X. line 13 that is 5% or more
of its total assets reported' In Part X, line 15? If "Yes,? complete Schedule D, Part VIll. . . - 1 1c 
Did the organization report an amount for other assets in Part X. line 15 that is 5% or more of its total assets
reported" In Part X. line 16? it "Yes. complete Schedule D, Part lX . - . 11d 
Did the organization report an amount for other Iiabilities' In Part X, line 25? If ?Yes, complete Schedule D. Part 11e 
Did the organization? 5 separate or consolidated ?nancial statements for the tax year include a footnote that addresses
the organization's liability for uncertain tax positions under FIN 48 (A80 740)? If ?Yes. complete Schedule D. Part 11f 
12 a Did the organization obtain separate. independent audited financial statements for the tax year? If ?Yes." complete
Schedule D. Parts XI and 12a 
Was the organization included in consolidated. independent audited financial statements for the tax year? If
"Yes, and If the organization answered ?No? to line 12a, then completing Schedule D. Parts Xi and is optional 12b 
13 Is the organization a school described in section If ?Yes. complete Schedule 13 
14 a Did the organization maintain an office. employees, or agents outside of the United States? . 14a 
Did the organization have aggregate revenues or expenses of more than $10, 000 from grantmaking.
fundraising, business, investment, and program service activities outside the United States, or aggregate
foreign investments valued at 3100.000 or more? If "Yes,? complete Schedule F, Parts and iv. . 14b 
15 Did the organization report on Part IX, column (A), line 3. more than 000 of grants or other assistance to or
for any foreign organization? If "Yes, complete Schedule F. Parts It and IV . 15 
16 Did the organization report on Part IX column (A). line 3. more than 000 of aggregate grants or other
assistance to or for foreign individuals? If ?Yes. complete Schedule F. Parts ill and Did the organization report a total of more than $15,000 of expenses for professional fundraising services on
Part IX. column (A), lines 6 and 11a? If "Yes. complete Schedule G, Partl (see instructions) 17 
18 Did the organization report more than $15. 000 total of fundraising event gross income and contributions on
Part lines to and Be? If ?Yes, complete Schedule G. Part ll. 13 
19 Did the organization report more than $15, 000 of gross income from gaming activities on Part line 9a?
if "Yes.? complete Schedule G. Part . . . . . . . . 19 
Form 990 (2017)

REV 1011818 PRO

Form 990 (2017)
Checklist of Required Schedules (continued)

Page 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yes No
20 3 Did the organization operate one or more hospital facilities? lf ?Yes, complete Schedule . 203 
If "Yes" to line 20a. did the organization attach a copy of its audited financial statements to this return? 20!:
21 Did the organization report more than $5,000 of grants or other assistance to any domestic organization or
domestic government on Part IX. column (A), line 1? ll "Yes,? complete Schedule l, Parts and ll . 21 
22 Did the organization report more than 000 of grants or other assistance to or for domestic individuals on
Part IX, column (A). line 2? if ?Yes," complete Schedulel, Parts land . . . . . . . 22 
23 Did the organization answer ?Yes? to Part VII, Section A, line 3, 4, or 5 about compensation of the
organization's current and former officers, directors, trustees, key employees. and highest compensated
employees? it ?Yes,? complete Schedule 243 Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than
$100,000 as of the last day of the year, that was issued after December 31, 2002? ll ?Yes,? answer lines 24b
through 24d and complete Schedule K. it go to line 25a . . . . . . . . . . 243 
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception7. 24b
0 Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds24c
Did the organization act as an ?on behalf of" Issuer for bonds outstanding at any time during the year?. 24d
25a Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit
transaction with a disqualified person during the year? it ?Yes," complete Schedule L, Partl 253 
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior
year, and that the transaction has not been reported on any of the organization?s prior Forms 990 or 
it ?Yes, complete Schedule L, PartlDid the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any
current or former officers. directors, trustees, key employees, highest compensated employees, or
disquali?ed persons? it ?Yes.? complete Schedule L, Part Did the organization provide a grant or other assistance to an officer, director, trustee. key employee,
substantial contributor or employee thereof. a grant selection committee member, or to a 35% controlled
entity or family member of any of these persons? it "Yes," complete Schedule Part 27 
28 Was the organization a party to a business transaction with one of the following parties (see Schedule L, 
Part IV instructions for applicable filing thresholds, conditions, and exceptions). . A .
a A current or former officer. director. trustee, or key employee? If ?Yes,? complete Schedule L, Part 283 
A family member of a current or former of?cer, director, trustee, or key employee? lf "Yes,? complete
Schedule L, Part lV 23b 
An entity of which a current or former officer. director, trustee, or key employee (or a family member thereof)
was an officer, director, trustee. or direct or indirect owner? If ?Yes," complete Schedule L, Part lV 28c 
29 Did the organization receive more than $25,000 in non-cash contributions? If ?Yes," complete Schedule 29 
30 Did the organization receive contributions of art. historical treasures. or other similar assets, or qualified
conservation contributions? ll ?Yes, complete Schedule . 30 
31 Did the organization liquidate, terminate, or dissolve and cease operations? it ?Yes.? complete Schedule N,
Partl . . . 31 
32 Did the organization sell. exchange, dispose of, or transfer more than 25% of its net assets? ll ?Yes?
complete Schedule N, Part Did the organization own 100% of an entity disregarded as separate from the organization under Regulations
sections 301. 7701 -2 and 301. 7701 ll ?Yes,? complete Schedule Ft. Partl. 33 
34 Was the organization related to any tax-exempt or taxable entity? If ?Yes,? complete Schedule H, Part ll, 
orlv, andPartIAlI'net . . . . . . . . 34 
358 Did the organization have a controlled entity within the meaning of section 512(b)(13)? 35a 
If "Yes" to line 35a, did the organization receive any payment from or engage in any transaction with a
controlled entity within the meaning of section 512(b)(13)? lf ?Yes,? complete Schedule Ft, Part V, line 2. 35b
36 Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable
related organization? lf "Yes." complete Schedule Fl. Part V. line Did the organization conduct more than 5% of its activities through an entity that is not a related organization
and that is treated as a partnership for federal income tax purposes? ll "Yes, complete Schedule R.
Part VI. 37 
38 Did the organization complete Schedule 0 and provide explanations In Schedule 0 for Part VI, lines 11b and
19? Note. All Form 990 filers are required to complete Schedule 0. 33 
Form 990 I201 r)

REV 10l15118 PRO

Form 990 (201?)
Statements Regarding Other IRS Filings and Tax Compliance

Page 5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check if Schedule 0 contains a response or note to any line in this Part . El
Yes No
13 Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable . . . . 1a 0
Enter the number of Forms w-2G included in line 1a. Enter -0- if not applicable . . . . 1b 0 
Did the organization comply with backup withholding rules for reportable payments to vendors and .. 
reportable gaming (gambling) winnings to prize winners? . 1c 
2a Enter the number of employees reported on Form W-3. Transmittal of Wage and Tax 1
Statements, filed for the calendar year ending with or within the year covered by this return 2a 0 .., I
If at least one is reported on line 2a, did the organization file all required federal employment tax returns? . 2b
Note. lithe sum of lines 1a and 2a is greater than 250. you may be required to e?fiie [see instructions) . I
3a Did the organization have unrelated business gross income of $1,000 or more during the year? . 3a 
If ?Yes,? has it filed a Form 990-T for this year? If ?No? to fine so, provide an explanation in Schedule 0 . 3b
4a At any time during the calendar year, did the organization have an interest in. or a signature or other authority
over, a financial account in a foreign country (such as a bank account, securities account, or other financial
account"Yes," enter the name of the foreign country: I
for filing requirements for Form 114, Report of Foreign Bank and Financial Accounts I
5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? . 5a 
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? 5b 
If ?Yes? to line 5a or 5b, did the organization file Form 5c
6a Does the organization have annual gross receipts that are normally greater than $100, 000 and did the
organization solicit any contributions that were not tax deductible as charitable contributions? . . . 6a 
If ?Yes," did the organization include with every solicitation an express statement that such contributions or
gifts were not tax deductible? 5b
7 Organizations that may receive deductible contributions under section 170Ic). 
a Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods i
and services provided to the payor?Yes," did the organization notify the donor of the value of the goods or services provided?. . 71:
Did the organization sell. exchange or otherwise dispose of tangible personal property for which it was
required to file Form 8282?Yes,? indicate the number of Forms 8282 filed during the year . . . . . . . . I ?d I I
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? ?e 
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? . 7f 
If the organization received a contribution of qualified intellectual property. did the organization file Form 8899 as required? Lg
'1 lithe organization received a contribution of cars. boats. airplanes, or other vehicles, did the organization file a Form 1098?0? 7h
8 Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the 
sponsoring organization have excess business holdings at any time during the year? . 8 
9 Sponsoring organizations maintaining donor advised funds. 
3 Did the sponsoring organization make any taxable distributions under section 4966?. 93 
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person? Sb 
10 Section 501(c)(7) organizations. Enter: 
a Initiation fees and capital contributions included on Part line 12 . . . . . 10a 
Gross receipts. included on Form 990, Part line 12, for public use of club facilities . 10b 
11 Section 501(c)(12) organizations. Enter: 
a Gross' Income from members or shareholders. . . . 11a 
Gross income from other sources (Do not not amounts due or paid to other sources I
against amounts due or received from them ..) . . . . 11 ,1 5
12a Section 4947(a)(1) non-exempt charitable trusts. Is the organization tiling Form 990' In lieu of Form 1041? 12a
If ?Yes.? enter the amount of tax-exempt interest received or accrued during the year. . 12b 
13 Section 501(c)(29) quali?ed nonprofit health insurance issuersthe organization licensed to' Issue qualified health plans? In more than one state? . 13a
Note. See the instructions for additional information the organization must report on Schedule 0. 
Enter the amount of reserves the organization is required to maintain by the states In which
the organization is licensed to issue quali?ed health plans . . . . . . . . . . 13b 
Enter the amount of reserves on hand . . . . . . . . . . . . 13c .. I
14a Did the organization receive any payments for indoor tanning services during the tax year?. 14a 
If "Yes,? has it filed a Form 720 to report these payments? if provide an explanation in Schedule 0 14b

 

 

REV 10116113 PRO

Form 990 (2017)

Form 990 (2017} Page 6
Part VI Governance, Management, and Disclosure For each ?Yes? response to lines 2 through 7b below, and for a ?No?

response to tine 3a, 8b, or too below, describe the circumstances, processes, or changes in Schedute 0. See 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check if Schedule 0 contains a response or note to any line in this Part IZI
Section A. Governing Body and Management
Yes No
1a Enter the number of voting members of the governing body at the end of the tax year. . 1a 8 i
If there are material differences in voting rights among members of the governing body. or i
if the governing body delegated broad authority to an executive committee or similar I
committee, explain in Schedule 0. 1
Enter the number of voting members included in line 1a, above, who are independent . 1b 7 i
2 Did any officer. director, trustee or key employee have a family relationship or a business relationship with 7 i A i
any other officer, director. trustee, or key employeeDid the organization delegate control over management duties customarily performed by or under the direct
supervision of of?cers. directors, or trustees, or key employees to a management company or other person? 3 
4 Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? 4 
5 Did the organization become aware during the year of a significant diversion of the organization's assets? . 5 
6 Did the organization have members or stockholders? . 6 
7a Did the organization have members, stockholders, or other persons who had the power to elect or appoint
one or more members of the governing bodyAre any governance decisions of the organization reserved Ito (or subject to approval by) members.
stockholders, or persons other than the governing bodyDid the organization contemporaneously document the meetings held or written actions undertaken during 1 i
the year by the following: 7 7 W: 
a The governing bodyEach committee with authority to act on behalf of the governing bodythere any officer. director, trustee, or key employee listed' In Part VII Section A, who cannot be reached at
the organization? 5 mailing address? if "Yes,? provide the names and addresses in Schedufe 0.. . . . 9 

 

 

Section B. Policies (T his Section 8 requests information about policies not required by the internai Revenue CodeDid the organization have local chapters, branches, or affiliates?Yes," did the organization have written policies and procedures governing the activities of such chapters,
af?liates. and branches to ensure their operations are consistent with the organization's exempt purposes? 10!)

 

 

 

Has the organization provided a complete copy of this Form 990 to all members of its governing body before ?ling the form? 113 
Describe in Schedule 0 the process. if any. used by the organization to review this Form 990. 7 mi
Did the organization have a written conflict of interest policy? if go to line 13 . . . 12a 

 

Were of?cers, directors. or tnIstees. and key employees required to disclose annually interests that could give rise to conflicts? 121: 
Did the organization regularly and consistently monitor and enforce compliance with the policy? if ?Yes,?

 

 

 

 

 

describe to Schedule 0 how this was done12c 

Did the organization have a written whistleblower policyDid the organization have a written document retention and destruction policyDid the process for determining compensation of the following persons include a review and approval by i i 
independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision? 
The organization's CEO, Executive Director. or top management official . . . . . . . . . . . . 15a 
Other of?cers or key employees of the organization . . . . . . . . . . . . 15b 

 

it ?Yes? to line 153 or 15b, describe the process in Schedule 0 (see instructions). . 
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement I 
with ataxable entity during the year?Yes,? did the organization follow a written policy or procedure requiring the organization to evaluate its 7 ?3 
participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the W. _j
organization's exempt status with respect to such arrangements16b

 

 

 

 

 

 

Section 0. Disclosure

17
18

19

20

List the states with which a copy of this Form 990 is required to be filed CT
Section 6104 requires an organization to make its Forms 1023 (or 1024 if applicable), 990. and 990-T (Section 501(c)(ajs only)
available for public inspection. Indicate how you made these available. Check all that apply.
Own website Another's website Upon request Other (exptain in Schedule 0)
Describe in Schedule 0 whether (and if so. how) the organization made its governing documents. conflict of interest policy, and
financial statements available to the public during the tax year.
State the name, address. and telephone number of the person who possesses the organization's books and records: 
the Organization, the Organization's, Address, (703)535-3563
REV Ionsna PRO Form 990 (2017)

Form 990 (2017) Page 7
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and
Independent Contractors
Check if Schedule 0 contains a response or note to any line in this Part VII . . . . . . . . . . . . . El
Section A. Of?cers. Directors, Trustees, Key Employees, and Himst Compensated Employees
13 Complete this table for all persons required to be listed. Fteport compensation for the calendar year ending with or within the
organization's tax year.

- List all of the organization?s current officers, directors. trustees (whether individuals or organizations), regardless of amount of
compensation. Enter -O- in columns (D), (E), and (F) if no compensation was paid.

0 List all of the organization's current key employees. if any. See instructions for definition of ?key employee."

0 List the organization?s five current highest compensated employees (other than an officer. director, trustee. or key employee)
who received reportable compensation (Box 5 of Form and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

- List all of the organization?s former officers. key employees, and highest compensated employees who received more than
$100,000 of reportable compensation from the organization and any related organizations.

0 List all of the organization?s former directors or trustees that received. in the capacity as a former director or trustee of the
organization. more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; of?cers; key employees; highest
compensated employees: and former such persons.

El Check this box if neither the organization nor any related gganization compensated any current officer. director, or trustee.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

. 
Position
(A) (B) {do not check more than one 
Name and Trtle Average box. unless person ls both an Reportable Reportable Estimated
hours per of?cer and a directomrustee) compensation compensation lrom ametmt of
week (list an from related other
hours for a; t3 3-: 5% the organizations compensation
related 5% 3 organization from the
organizationsl 6? a organization
below dotted 7- and related
line) a organizations
a 
53 
3
(1) Adam Meyerson 1 . 50
Chairman/BOD 0.00 0. 0. 0 .
(2) Kimberly 0 Dennis 1 . 00
Vice Chairman Sec. 0.50 0. O. 0.
(3) Lawson Bader 3 . 00
President/BOD 42.00 0. 306,655. 0.
(4) Arthur Brooks 1 . 00
Board Member (5) Steven Hayward 1 . 50
Treas./BoD 0.00 0. 0. 0.
(6) Kris Alan Mauren 1 . 00
Board Member (7) Scott Bullock 1 . 00
Board Member 0.00 0 . 0. 0.
(8) Roger Ream 1 . 00
Board Member (9) Jeffrey Zysik 3 . 00
Asst. Treas. 42.00 0 243,700. 0.
(10)
(11)
{12)
L13)
(14)

 

 

 

 

 

 

 

 

 

 

 

 

REV 10116115 PRO Form 990 (2017]

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Form 990 (2017}
Part VII Section A. Of?cers, Directors. Trustees. Key Employees, and Highest Compensated Employees (continued)
{Ci
mm? {El [Fl
(do not check more than one
Name and title Average box. unless person is both an Reportable Reportable Estimated
hours per of?cer and a directorltrustee) compensation compensation from amount at
week (list an -n from related other
hours for a a i 3 55- the organizatlons compensation
related -- g: 3 a: Peg 2 organization lrom the
organizations: 35 a' OBS-MISC) organization
below dotted 51? 5 3. 2' and related
line) 9. at 3 organizations
I i
'0
3
(15)
(16)
(17)
(18)
(19)
(20)
(21)
(22)
(23)
(24)
(25)
1b Sub-total. . 0. 555.355. 0.
Total from continuation sheets to Part VII Section A 
II Total (add IInes 'lb and 1c). . . . . 0. 555. 355. 0.
2 Total number of individualsr (Including but not limited to those listed above) who received more than $100. 000 of
reportable compensation from the oganization 0
Yes No
3 Did the organization list any former of?cer. director. or trustee, key employee. or highest compensated if 
employee on line 1a? If ?Yes," complete Schedule for such individual . . . . . . . . 3 
4 For any individual listed on line 13, is the sum of reportable compensation and other compensation from the 
organization and related organizations greater than $150. 000? If "Yes," complete Schedule for such i 7 
individual. . 4x
5 Did any person listed on line is receive or accrue compensation from any unrelated organization or individual 7 ,l
for services rendered to the organization? If ?Yes,? complete Schedule for such person . 5 

 

 

 

Section 8. Independent Contractors

1 Complete this table tor your ?ve highest compensated independent contractors that received more than $100,000 of
compensation from the organization. Report compensation for the calendar year ending with or within the organization's tax

 

 

 

 

 

 

 

 

 

 

 

year.
IA) {Bl tci
Name and business address Description of services Compensation
2 Total number of independent contractors (including but not limited to those listed above) who
received more than $100,000 of compensation from the organization .1 
REV PRO Form 990 (2017)

Form 990 (201 7)

Part Statement of Revenue
Check if Schedule 0 contains a response or note to any line In this Part 

Page 9

 



 


Total revenue

or
exempt
function


Unrelated
busmess
revenue


Revenue
excluded from tax
under sections
'512?51 4

 

Contributions. Gifts, Grants . . . 4
and Other Slmalar Amounts . I



1a Federated campaigns 7. 7

1a

 

Membership dues 1b

 

Fundraising events . 1c

 

Related organizations . 1d

 

Government grants (contributions) 1e

 

All other contributions, gifts, grants,
and similar amounts not included above 1f

 

 

 

Nonoash contributions included in lines ta-tf: 
Total. Add lines 1a?1f .

revenue

 

2a

Program Service Revenue
to - o. a-

Business Code

 



 

 

 

 

 

All other program service revenue .
Total. Add lines 2a-2f.

 

 



 

6a

0

7a

8a

Other Revenue

Investment income (including dividends, interest,

and other similar amounts)



509, 380 .

509. 380.

 

Income from investment of tax-exempt bond proceeds 

Royalties

 



 

'(il Fieal 

0i) Personal

 

Gross rents

 

Less: rental expenses

 

Rental income or (loss)

 

Net rental income or tloss)



 

Gross amount from sales at at Securities

(ii) one

 

assets other than inventory 5 5 87 4 2 .

 

Less: cost or other basis

andsaiesexpenses . 4 . 733, 039 .

 

 

Gainor?oss) . 949,331.

 

Net gain or (loss)

Gross income from fundraising
events {not including 

of contributions reported on line1c).
See Part IV, line Less: direct expenses . . . . 
Net income or (loss) from fundraising
Gross income from gaming activities.
See ParllV, line Less: direct expenses . . . 
Net Income or (loss) from gaming acti
Gross sales of inventory, less
returns and allowances . . . a

Less: cost of goods sold . . . 

 

 

 

 

 

events . 

?545.35iI??mwh?m?



 

 

 

 

vities . . 

 

 

 

 

Net income or (loss) from sales of inventory . . 

w.

 

   

 

Miscellaneous Revenue

Business Code

 

11a

00.0

 

12

 

 

 

All other revenue .
Total. Add lines 113?1 1d .
Total revenue. See instructions.

 

 




 

 

1,824,798.

 

 

 

1,458,711.

 

REV 101'161'18 PRO

Form 990 (2017)

Form 990 (2017)

Statement of Functional Expenses

Page 10

 

Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must compiete column (A).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check if Schedule 0 contains a response or note to any line in this Part not include amounts reported on lines 6b, Tom g?lenses ra{Bl nc{Pli I
9b, and 10b of Part Wit. 9 ?gigging; 
1 Grants and other assistance to domestic organizations 
anddomesiicgovemments.8eePart fV, ine21 . 3, 942, 233_ 3 942,233. 
2 Grants and other assistance to domestic
individuals. See Part Iv, line 22 .
3 Grants and other assistance to foreign 7
organizations. foreign governments, and foreign 
individuals. See Part IV lines 15 and 16 . 
4 Benefits paid to or for members 0 . 0 .
5 Compensation of current officers. directors,
trustees and key employees . . 0 0 
6 Compensation not included above, to disquali?ed
persons (as de?ned under section and
persons described in section 4958(c)(3)fB) 0 0 . 0 
7 Other salaries and wages . Pension plan accruals and contributions Gnclude
section 401 and 403(b} employer contributions) 0 
9 Other employee bene?Payroll taxesFees for services (non~employees):
a Management Legal 0 . . 0 . .
Accounting 10.280. 9.252. 1,028. 0.
LobbyingProfessional fundraising services. See Part IV, line 17 0 . . .
1 Investment management fees 95 922 9 5 . 7?Other. (If line 119 amount exceeds 10% of line 25. column
(A) amount, list line 119 expenses on Schedule 0.).
12 Advertising and promotion
13 Of?ce expenses
14 Information technology
15 Royalties .
16 Occupancy
17 Travel . .
18 Payments of travel or entertainment expenses
for any federal. state or local public officials
19 Conferences, conventions, and meetings
20 Interest . .
21 Payments to affiliates .
22 Depreciation depletion. and amortization
23 Insurance11,827. 0. 11,827. 0.
24 Other expenses. ltemize expenses not covered I i
above {List miscellaneous expenses in line 24a. If 
line 24a amount exceeds 10% of line 25. column 
(A) amount, list line 24a expenses on Schedule 0Registration feesRegistration fees 690 . . 690 . .



a All other expenses
25 Total functional expenses. Add lines 1 through 24s Joint costs. Complete this line only if the

organization reported in column joint costs
from a combined educational campaign and
fundraisin solicitation. Check here if
following 0180958420) . .

 

 

 

 

 

REV 10116l18 PRO

Form 990 (2017)

Form see {2017)

Balance Sheet

Page 11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REV 1DMBI18 PRO

Check if Schedule 0 contains a response or note to any line in this Part . . El
(Al {Bl
Beginning of year End of year
1 Cash? ?-non interest-bearing . 1
2 Savings and temporary cash investments . Pledges and grants receivable. net 3
4 Accounts receivable, net 4
5 Loans and other receivables from current and former officers directors,
trustees key employees. and highest compensated employees.
Complete Part ll of Schedule . . . . . 5
6 Loans and other receivables from other disquali?ed persons (as de?ned under section 2
4958(f)(1)), persons described in section and contributing employers and i
sponsoring organizations of section 501(c)(9) voluntary empioyees' bene?ciary 7' k7 
3 organizations (see instructions). Complete Part II of Schedule . 5
7 Notes and loans receivable. net 7
8 Inventories for sale or use 3
9 Prepaid expenses and deferred charges 9
10a Land. buildings, and equipment: cost or 3
other basis. Complete Part VI of Schedule 103 -
Less: accumulated depreciation 10b 10c
11 Investments?publicly traded securities Investments?other securities. See Part IV, line 11 12
13 lnvestments?program-related. See Part IV. line 11 . 13
14 Intangible assets 14
15 Otherassets. See Part IV line11. . 778,688. 15 778,688.
16 Total assets. Add lines 1 through 15 (must equal line 34Accounts payable and accrued expenses . . . 108 . 689 . 17 3 14 775 .
18 Grants payable. 18
19 Deferred revenue . 19
20 Tax-exempt bond liabilities. 20
21 Escrow or custodial account liability. Complete Part IV of Schedule 0.21 
22 Loans and other payables to current and former officers, directors, 
trustees, key employees, highest compensated employees, and 
a disquali?ed persons. Complete Part II of Schedule 557 7 77 7 7
3 23 Secured mortgages and notes payable to unrelated third parties 23
24 Unsecured notes and loans payable to unrelated third parties 24
25 Other liabilities ?ncluding federal income tax, payables to related third
parties. and other liabilities not included on lines 17-24). Complete Part 
oiScheduleD . . . . . . . . . . . . . . . . . 25
26 Total liabilities. Add lines 17 through Organizations that follow SFAS 117 (A56 958], check here I and . 7 i
3 complete lines 27 through 29, and lines 33 and 34. .. ivv?vwi? 
5E, 27 Unrestricted netassets . . . . . . . . . 23,591,744. 27 22,063,035.
{3 28 Temporarily restricted net assets . 28
?g 29 Permanently restricted net assets. . 29
5: Organizations that do not follow SPAS 117 (A86 958). check here and - 
3 complete lines 30 through 34. 77777 7 
3 30 Capital stock or trust principal, or current funds . . 30
a 31 Paid- -in or capital surplus or land building, or equipment fund . 31
32 Retained earnings, endowment, accumulated income. or other funds . 32
2" 33 Total netassetsorfund balances. . 23,591,744. 33 22,063,035.
34 Total liabilities and net assets/fund balances . 3?77 810 .
Form 990 (20171

Form 990 (2017}
Weconcilia?on of Net Assets

Page 12

 

 

 

 

 

 

 

 

 

 

 

Check if Schedule 0 contains a response or note to any line in this Part Total revenue (must equal Part column (A). line 12Total expenses (must equal Part IX, column (A) line 25Revenue less expenses. Subtract line 2 from line Net assets or fund balances at beginning of year (must equal Part X, line 33 column Net unrealized gains (losses) on investments 5
6 Donated services and use of facilities 6
7 Investment expenses . . . . . 7
8 Prior period adiustments. . 8
9 Other changes' In net assets or fund balances (explain' In Schedule 0). 9

10 Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X. line
33. column . . . . . . . . . . . . . . 10 21,355,535.

Financial Statements and Reporting

 

 

 

Check if Schedule 0 contains a response or note to any line in this Part XII .



 

3a

Accounting method used to prepare the Form 990: CI Cash Accrual Cl Other

If the organization changed its method of accounting from a prior year or checked ?Other.? explain in

Schedule 0.

Were the organization's ?nancial statements compiled or reviewed by an independent accountant? .
If ?Yes," check a box below to indicate whether the financial statements for the year were compiled or
reviewed on a separate basis, consolidated basis. or both:

Separate basis El Consolidated basis Both consolidated and separate basis

Were the organization' 5 ?nancial statements audited by an independent accountant? .

If "Yes." check a box below to indicate whether the financial statements for the year were audited on a
separate basis. consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

If ?Yes" to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight
of the audit. review, or compilation of its financial statements and selection of an independent accountant?

If the organization changed either its oversight process or selection process during the tax year, explain in
Schedule 0.

As a result of a federal award, was the organization required to undergo an audit or audits as set forth in
the Single Audit Act and OMB Circular . . .

If ?Yes. did the organization undergo the required audit or audits? If the organization did not undergo the
required audit or audits, explain why In Schedule 0 and describe any steps taken to undergo such auditsREV PRO

Form 990 [2017)

OMB No. 1545-0047

 

 

SCHEDULE A Public Charity Status and Public Support

(Form 990 or 990-EZ) Complete if the organization is a section 501(c)(3) organization or a section nonexempt charitable trust.

DepartmentoftheTreasury PAttach to Form 990 orForm 990-EZ. Open to Public
lntemal Revenue Service D- Go to WitsgovIFormSQO for instructions and the latest information. rt 5 cti 
Home of the organization Employer Identification number

Donors Capital Fund, Inc 54-1934032

 

 

Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

1

2
3
4

~10church. convention of churches. or association of churches described in section 

A school described in section (Attach Schedule (Form 990 or 

A hospital or a cooperative hospital service organization described in section 

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iin. Enter the
hospital's name. city. and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in
section (Complete Part II.)

A federal, state. or local government or governmental unit described in section 

An organization that normally receives a substantial part of its support from a governmental unit or from the general public
described in section (Complete Part II.)

El A community trust described in section (Complete Part II.)

An agricultural research organization described in section 170(b)(1)(A)(ix) operated in conjunction with a land-grant college
or university or a non-land-grant college of agriculture (see instructions). Enter the name. city. and state of the college or
university:

An organization that normally receives: (1) more than 33?s% of its support from contributions, membership fees, and gross
receipts from activities related to its exempt functions?subject to certain exceptions. and (2) no more than 33fr3% of Its
support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30. 1975. See section 509(a)(2). (Complete Part 

An organization organized and operated exclusively to test for public safety. See section 509(c)(4).

IZI An organization organized and operated exclusively for the bene?t of, to perform the functions of. or to carry out the purposes
of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3).
Check the box in lines 12a through 12d that describes the type of supporting organization and complete lines 12e. 12f. and 129.
Type I. A supporting organization operated. supervised, or controlled by its supported organization(s). typically by giving

the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the
supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having
control or management of the supporting organization vested in the same persons that control or manage the supported
organization(s). You must complete Part IV, Sections A and c.

Type functionally integrated. A supporting organization operated in connection with. and functionally integrated with.
its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type non-functionally integrated. A supporting organization operated in connection with its supported organization(s)
that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness
requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

El Check this box if the organization received a written determination from the IRS that it is a Type 1. Type II, Type 
functionally integrated. or Type non-functionally integrated supporting organization.

 

 

 

Enter the number of supported organizations . . . . . . . . .
Provide the following information about the supported organization(s).
Name oi supported organization (in EIN ?ii) Type of organization [iv] Is the organization Amount of monetary (vi) Amount of
(described on lines 1-10 listed in your governing support (see other support (see

above (see instructions!) document? instructions) 

 

Yes No

 

(A)

See continuation pages 

 

(Bl

 

(C)

 

(Di

 

{El

 

Total

 

 

 

 

 

 

3,942,288. 0.

 

For Paperwork Reduction Act Notice. see the Instructions for Form 990 or 990-52. 3 Schedule A (Form 990 or 990-32) 2011

REV 10116118 PRO

Donors Capital Fund, Inc. 544934032 1

 

A, Line 12(9) (continued)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name of supported (it) EIN Type of organization (iv) Is the Amount of monetary (vi) Amount of other support
organization (described on lines 1?9 organization in support (see (see Instmotions)
above (see instructions? listed in your
governing
doucmnet?
Yes No

American Enterprise Institute 530218495 7 $30,000.00 $0.00
Atlas Economic Research Foundation eat-2763345 7 $30,000.00 $0.00
Asniand University 34-0714626 2 $5,000.00 $0.00
Ayn Rand Institute 22-2570925 7 $15,000.00 $0.00
Clare Boothe Luce Policy institute Sat-1872138 7 590.000.00 $0.00
Center for Education Reform 52-1 847187 7 $10,000.00 $0.00
Claremonl Institute 954443202 7 51 0,000.00 50.00
Capital Research Center 52-1 289734 7 $80,000.00 $0.00
Chitdren?s Sdtoiarship Fund 13-4002189 7 $250,000.00 $0.00
Cato Institute 23-7432162 7 $90,000.00 $0.00
524166327 7 $1 394,760.05 $0.00
Freedom Foundation Sit-3136951 7 $5,000.00 $0.00
Foundation for Economic Ed uoation 1343006960 7 $50,000.00 $0.00
Heritage Foundation 23-7327730 7 $40,000.00 $0.00
Institute for Justice 52-1 744337 7 $140,000.00 $0.00
Leadership Institute 51-02351 74 7 550000.00 $0.00
Mercalus Center, GMU 54-1 430224 5 $150,000.00 $0.00
Mountain States Legal Foundation 84-0736725 7 $105,000.00 . $0.00
National Center for Public Policy
Research. Inc. 52-1 226614 7 $45,000.00 50 .00
National Legal a Policy' Center 52-1 750188 7 $40,000.00 $0.00
Paci?c Legal Foundation 04-2197343 7 $70,000.00 $0.00
State Policy Network Sit-0952531 7 $40,000.00 $0.00
Washington Legal Foundation 524071570 7 $40,000.00 $0.00
Young America's Foundation 23-7042029 7 500.000.00 $0.00
Cru 950006173 7 $3,000.00 $0.00
Bill of Rights Institute 4840891418 7 325.000.00 $0.00
Center for Individual Rights 52-1 600401 7 $20,000.00 $0.00
Foundation for individual Rights in
Education (FIRE) 043457254 7 575000.00 $0.00

 

 

Schedule A. L12(g) (Form 990 or 990-EZ) 2017