Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - 



 

Form990


Department of the

Trensun

Internal Rex enue Sen 106

A For the 2019 calendar year, or tax year beginning 01-01-2018 and ending 12-31-2018

Check if applicable
El Address change

Name change

Initial return

l:l Final return/terminated
El Amended return

El Application pendingl

 

Return of Organization Exempt From Income Tax

Under section 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
Do not enter security numbers on this form as it may be made public

Go to for instructions and the latest information.

 

OMB No 1545-0047

2018

Open to Public

Inspection

 

 

 

Name of organization
PROJECT VERITAS

27-2894856

 

D0ing busmess as

Employer identification number

 

 

Number and street (or 0 box if mail is not delivered to street address)
1214 BOSTON POST ROAD

 

Room/swte

Telephone number

(914) 908-2300

 

 

City or town, state or provmce, country, and ZIP or foreign postal code
MAMARONECK, NY 10543

 

Gross receipts 8,860,335

 

Name and address of prinCIpal officer
JAMES 

1214 BOSTON POST ROAD N0148
MAMARONECK, NY 10543

 

 

I Tax-exempt status 501(c)(3) 501(c)( )4(insert no)

l:l 4947(a)(1)or l:l 527

 

Website:P PROJECTVERITAS COM

H(a) Is this a group return for

subordinates?

H(b) Are all subordinates

included?

l:lYeS .No
l:lYes .No

If attach a list (see instructions)

Group exemption number 

 

Form of organization Corporation l:l Trust l:l ASSOCiation l:l OtherP

Summary

 

Year of formation 2010

 

State of legal domiCile VA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1 Briefly describe the organization?s mi55ion or most Significant actiwties
TRAINING, EDUCATION AND INVESTIGATIONS UNDER MISSION STATEMENT PROJECT VERITAS CONDUCTED INVESTIGATIONS IN
MULTIPLE STATES USING INDIVIDUALS TRAINED BY PROJECT VERITAS WE THEN INFORMED THE PUBLIC WITH THE RESULTS OF THESE
cu INVESTIGATIONS WHICH INCLUDED THE AREAS OF PUBLICLY-FUNDED HEALTH CARE FRAUD, THE FUND RAISING ACTIVITIES OF A
PUBLICLY-FUNDED MEDIA ORGANIZATION AND VAIOUS OTHER MISSION RELATED TOPICS
7:3

2 Check this box l:l 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 1a) 3
2 4 Number of independent voting members of the governing body (Part VI, line 1b) 4
5 Total number of indIVIduals employed in calendar year 2018 (Part V, line 2a) 5 46
2 6 Total number of volunteers (estimate if necessary) 6
7a Total unrelated busmess revenue from Part column (C), line 12 7a 54,963
Net unrelated busmess taxable income from Form 990-T, line 34 7b 53,963
Prior Year Current Year
8 Contributions and grants (Part line 1h) 7,782,772 8,677,317
33' 9 Program serVIce revenue (Part line 29) 0
g- 10 Investment income column (A), lines 3, 4, and 7d 6,860 10,890
11 Other revenue (Part column (A), lines 5, 6d, 8c, 9c, 10C, and 11e) 240,002 172,128
12 Total revenue?add lines 8 through 11 (must equal Part column (A), line 12) 8,029,634 8,860,335
13 Grants and Similar amounts paid (Part IX, column (A), lines 1?3) 0
14 Benefits paid to or for members (Part IX, column (A), line 4) 0
32 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5?10) 2,710,383 3,427,266
3?3 16a ProfeSSional fundraiSing fees (Part IX, column (A), line 11e) 134,750 208,100
Total fundraiSing expenses (Part IX, column (D), line 25) 
'3 17 Other expenses (Part IX, column (A), lines 11a?11d, 11f?24e) 5,477,734 6,060,972
18 Total expenses Add lines 13?17 (must equal Part IX, column (A), line 25) 8,322,867 9,696,338
19 Revenue less expenses Subtract line 18 from line 12 -293,233 -836,003
3 3 Beginning of Current Year End of Year
13%
a; 20 Total assets (Part X, line 16) 2,522,932 2,035,368
:2 21 Total liabilities (Part X, line 26) 199,116 547,555
Zn:- 22 Net assets or fund balances Subtract line 21 from line 20 . 2,323,816 1,487,813

 

Signature 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 complete Declaration of preparer (other than officer) is based on all information of which preparer has
any knowledge

 

 

 

 

 

 

 

 

2019?07?03
Signature of officer Date

Sign
Here JAMES Chairman

Type or print name and title

Print/Type preparer's name Preparer's Signature Date l:l PTIN
Check If P00355784
Pald self-employed
Preparer Firm's name Hulse Assoaates PC Firm's EIN 22-3194968
use only Firm's address 350 Passaic Avenue Phone no (973) 882-5690
Fairfield, NJ 07004

 

 

 

May the IRS discuss this return With the preparer Shown above? (see instructions)

.Yes l:l No

 

For Paperwork Reduction Act Notice, see the separate instructions.

Cat No 11282Y

Form 990 (2018)

Form 990 (2018)

 

 

Page 2
Part Statement of Program Service Accomplishments
Check if Schedule 0 contains a response or note to any line In this Part . . . . . . . . . . . . . . l:l
1 Briefly describe the organization's mi55ion

TRAINING, EDUCATION AND INVESTIGATIONS UNDER MISSION STATEMENT PROJECT VERITAS CONDUCTED INVESTIGATIONS IN MULTIPLE
STATES USING INDIVIDUALS TRAINED BY PROJECT VERITAS WE THEN INFORMED THE PUBLIC WITH THE RESULTS OF THESE INVESTIGATIONS
WHICH INCLUDED THE AREAS OF PUBLICLY-FUNDED HEALTH CARE FRAUD, THE FUND RAISING ACTIVITIES OF A PUBLICLY-FUNDED MEDIA
ORGANIZATION AND VAIOUS OTHER MISSION RELATED TOPICS

 

 

 

2 Did the organization undertake any Significant program serVIces during the year which were not listed on
thepriorForm9900r990-EZ7 . . . . . . . . . . . . . . . . . . . . . l:lYes .No
If "Yes," describe these new serVIces on Schedule 0

3 Did the organization cease conducting, or make Significant changes in how it conducts, any program

l:lYes-No
If "Yes," describe these changes on Schedule 0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4 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 6,303,072 including grants of (Revenue 
See Additional Data

4b (Code (Expenses including grants of (Revenue 

4c (Code (Expenses including grants of (Revenue 

 

 

 

 

 

 

 

 

 

 

 

 

4d Other program serVIces (Describe in Schedule 0 
(Expenses including grants of (Revenue 

4e Total program service expenses? 6,303,072

Form 990 (2018)

Form 990 (2018Page 3
Part IV Checklist of Required Schedules
Yes No

Is the organization described In section 501(c)(3) or 4947(a)(1) (other than a prIvate foundation)? If "Yes,? complete Yes
Schedule A 93' . . 1
Is the organization reqUIred to complete Schedule 5, Schedule of Contributors (see Instructions)? . 2 YES
Did the organization engage In dIrect or Indirect politIcaI campaign actIVItIes on behalf of or In oppOSItIon to candIdates No
for public of?ce? If ?Yes," complete Schedule C, Panfl 3
Section 501(c)(3) organizations.
Did the organizatIon engage In lobbyIng actIVIties, or have a section 501(h) electIon In effect during the tax year?
If ?Yes, complete Schedule C, Part ll . . 4 N0
Is the organization a sectIon 501(c)(4), 501(c)(5), or 501(c)(6) organizatIon that receives membershIp clues,
assessments, or amounts as defined In Revenue Procedure 98-19?
If ?Yes, complete Schedule C, Part 5 N0
Did the organizatIon maIntaIn any donor adVIsed funds or any funds or accounts for donors have the rIght
to prOVIde adVIce on the dIstrIbutIon or Investment of amounts In such funds or accounts? 
If ?Yes, complete Schedule D, Pan? 6 0
Did 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 0
Did the organizatIon maIntaIn collections of works of art, historIcal treasures, or other assets? 
If ?Yes, complete Schedule D, Pan? 3 0
Did the organizatIon report an amount In Part X, IIne 21 for escrow or custodIal account lIabIlIty, serve as a custodian
for amounts not listed In Part X, or prowde credit counseIIng, debt management, credit repair, or debt negotIatIon 
serVIces?If "Yes, complete Schedule D, Part IV 9 0
Did the organizatIon, directly or through a related organIzation, hold assets In temporarily restrIcted endowments, 10 No
permanent endowments, or quasI-endowments? If ?Yes," complete Schedule D, Pan? 
If the organization?s answer to any of the followmg questIons Is "Yes," then complete Schedule D, Parts VI, VII, IX,
or as applicable
Did the organizatIon report an amount for land, bUIldIngs, and eqUIpment In Part X, line 10? 
If ?Yes, complete Schedule D, Pan11-3 es
Did the organizatIon report an amount for Investments?other securIties In Part X, IIne 12 that Is 5% or more of Its total 
assets reported In Part X, line 16? If "Yes," complete Schedule D, Part VII . 11b 0
Did the organizatIon report an amount for Investments?program related In Part X, IIne 13 that Is 5% or more of Its 
total assets reported In Part X, IIne 16? If ?Yes, complete Schedule D, Part 93' . . 11C 0
Did the organizatIon report an amount for other assets In Part X, IIne 15 that Is 5% or more of Its total assets reported 
In PartX, line 16? If ?Yes complete Schedule D, Part Did the organizatIon report an amount for other lIabilitIes In Part X, IIne 25? If ?Yes,? complete Schedule D, PartX lie No
Did the organizatIon?s separate or consolidated finanCIal statements for the tax year Include a footnote that addresses 11f No
the organizatIon's lIabIlIty for uncertaIn tax p05Itions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, PartX 
Did the organizatIon obtaIn separate, Independent audited fInanCIal statements for the tax year?
If "Yes, complete Schedule D, Parts XI and XII SJ . 128 Yes
Was the organization Included In consolidated, Independent audIted finanCIal statements for the tax year? 12b No
If "Yes, and If the organizatron answered "No? to lIne 12a, then completmg Schedule D, Parts XI and XII Is optional 
Is the organization a school descrIbed In section If ?Yes," complete Schedule 13 

0
Did the organizatIon maIntaIn an of?ce, employees, or agents outSIde of the UnIted States? 14a No
Did the organizatIon have aggregate revenues or expenses of more than $10,000 from grantmakIng, fundraismg,
busmess, Investment, and program serVIce actIVIties the United States, or aggregate foreign Investments
valued at $100,000 or more? If "Yes," complete Schedule F, Parts Did the organizatIon report on Part IX, column (A), line 3, more than $5,000 of grants or other a55Istance to or for any
foreIgn organizatIon? If ?Yes, complete Schedule F, Part5 II and IV . 15 N0
Did the organizatIon report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to
or for foreign IndIVIduals? If ?Yes, complete Schedule F, Parts and IV . 16 N0
Did the organizatIon report a total of more than $15,000 of expenses for profeSSIonal fundraISIng serVIces on Part IX, 17 Yes
column (A), lines 6 and 11e? If ?Yes," complete Schedule G, Part l(see InstructIons) 
Did the organizatIon report more than $15,000 total of fundraISIng event gross Income and contrIbutIons on Part 
IInes 1c and 8a? If "Yes," complete Schedule G, Partll . 13 N0
Did the organizatIon report more than $15,000 of gross Income from gamIng actIVItIes on Part line 9a? If ?Yes," 19 
complete Schedule G, Part . . . . . . . . . . 0
Did the organizatIon operate one or more hospital faCIlitIes? If ?Yes,? complete Schedule . 20a No
If "Yes" to line 20a, dId the organIzatIon attach a copy of Its audited finanCIal statements to thIs return? 20b
Did the organizatIon report more than $5,000 of grants or other assIstance to any domestIc organizatIon or domestic 21 No
government on Part IX, column (A), IIne 1? If "Yes,? complete Schedule I, Parts I and II .
Did the organizatIon report more than $5,000 of grants or other aSSIstance to or for domestic IndiVIduaIs on Part IX, 22 

0

column (A), line 2? If "Yes, complete Schedule I, Parts I and .

 

 

 

 

Form 990 (2018)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Form 990 (2018) Page 4
Part IV Checklist of Required Schedules (continued)
Yes No
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? If "Yes," complete 23 Yes
Schedule] . 
24a 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, 20027 If "Yes,? answer lines 24b through 24d and
complete Schedule If "No, go to line 25a . . . . . 24a No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? .
24b No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? 24c N0
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year? 24d No
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? If "Yes,"
complete Schedule L, Partl . 253 No
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 990-EZ7 25b No
If ?Yes, complete Schedule L, Pan?l .
26 Did 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 disqualified persons? 26 No
If ?Yes, complete Schedule L, Part ll .
27 Did the organization prowde a grant or other a55istance 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 27 No
of any of these persons? If "Yes, complete Schedule L, Part .
28 Was the organization a party to a busmess transaction With one of the followmg parties (see Schedule L, Part IV
instructions for applicable filing thresholds, conditions, and exceptions)
a A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L,
Parth.
28a No
A family member of a current or former officer, director, trustee, or key employee? If "Yes, complete Schedule L,
Parth . 28b No
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 IV . 28c N0
29 Did the organization receive more than $25,000 in non-cash contributions? If "Yes,? complete Schedule . . 39' 29 Yes
30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation 
contributions? If ?Yes, complete Schedule 30 
31 Did the organization liqUIdate, terminate, or dissolve and cease operations? If ?Yes," complete Schedule N, Pan?l . 
31 
32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?
If "Yes, complete Schedule N, Part ll . 32 N0
33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 
301 7701-2 and 301 7701-3? If "Yes," complete Schedule R, Partl . . 33 
34 Was the organization related to any tax-exempt or taxable entity? If ?Yes, complete Schedule R, Part ll, or IV, and
W- 34 Yes
Part V, line 1
35a Did the organization have a controlled entity Within the meaning of section 512(b)(13)? 35a N0
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)? If "Yes," complete Schedule R, Part V, line 2 35b
36 Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related 
organization? If "Yes, complete Schedule R, Part V, line 2 . W- 35 
37 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? If "Yes, complete Schedule R, Part VI 37 
38 Did the organization complete Schedule 0 and prowde explanations in Schedule 0 for Part VI, lines 11b and 197 Note.
All Form 990 filers are reqUIred to complete Schedule 0 38 Yes
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule 0 contains a response or note to any line in this PartV . l:l
Yes No
1a Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable . . 1a 74
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 Yes

 

 

 

 

Form 990 (2018)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Form 990 (2018) Page 5
2a Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, ?led for the calendar year ending With or Within the year covered by
2a 46
If at least one is reported on line 2a, did the organization file all reqUIred federal employment tax returns? 2b Yes
Note.If the sum of lines 1a and 2a is greater than 250, you may be reqUIred to e-file (see instructions)
3a Did the organization have unrelated busmess gross income of $1,000 or more during the year? 3a Yes
If ?Yes," has it Filed a Form 990-T for this year7If "No? to line 3b, prowcle an explanation in Schedule 0 3b Yes
4a At any time during the calendar year, did the organization have an interest in, or a Signature or other authority over, a 4a No
finanCIal account in a foreign country (such as a bank account, securities account, or other financial account)?
If "Yes," enter the name of the foreign country 
See instructions for filing reqUIrements for Form 114, Report of Foreign Bank and FinanCIal Accounts (FBAR)
5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? 5a No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? 5b No
If "Yes," to line 5a or 5b, did the organization file Form 8886-T7
5c
6a Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization 6a No
what any contributions that were not tax deductible as charitable contributions?
If "Yes," did the organization include With every SOIICItation an express statement that such contributions or gifts were
not tax deductible? 6b
7 Organizations that may receive deductible contributions under section 170(c).
a Did the organization recewe a payment in excess of $75 made partly as a contribution and partly for goods and serVIces 7a No
provided to the payor7
If "Yes," did the organization notify the donor of the value of the goods or serVIces prowded" 7b
Did the organization sell, exchange, or otherWIse dispose of tangible personal property for which it was reqUIred to file
Form82827 7c No
(I If "Yes," indicate the number of Forms 8282 filed during the year . . . . 7d 0
Did the organization recewe any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? 7f No
9 If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as
reqUIred7 79 No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form
. 7h No
8 Sponsoring organizations maintaining donor advised funds.
Did a donor adVIsed fund maintained by the sponsoring organization have excess busmess holdings at any time during
the year?
8 No
9a Did the sponsoring organization make any taxable distributions under section 4966? 9a No
Did the sponsoring organization make a distribution to a donor, donor adVIsor, or related person? 9b No
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 net amounts due or paid to other sources
against amounts due or received from them . . . . . . . . . . 11b
12a Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041? 12a No
If "Yes," enter the amount of tax-exempt interest received or accrued during the year 
12
13 Section 501(c)(29) qualified nonprofit health insurance issuers.
a Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule 0 13a No
Enter the amount of reserves the organization is reqUIred to maintain by the states in
which the organization is licensed to issue qualified health plans . . . . 13b
Enter the amount of reserves on hand . . . . . . . . . . . . 13c
14a Did the organization receive any payments for indoor tanning serVIces during the tax year? 14a No
If "Yes," has it filed a Form 720 to report these paymentsUf prowde an explanation in Schedule 0 . 14b
15 Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess
parachute payment(s) during the year? If "Yes," see instructions and file Form 4720, Schedule . . 15 N0
16 Is the organization an educational institution subject to the section 4968 eXCIse tax on net investment income? 16 


If "Yes," complete Form 4720, Schedule 0 .

 

 

 

 

Form 990 (2018)

Form 990 (2018)
Part VI Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines

Page 6

 

8a, 8b, or 10b below, describe the Circumstances, processes, or changes in Schedule 0 See instructions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check if Schedule 0 contains a response or note to any line In this Part VI
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 4
If there are material differences in voting rights among members of the governing
body, or if the governing body delegated broad authority to an executive committee or
Similar committee, explain in Schedule 0
Enter the number of voting members included in line 1a, above, who are independent
1b 3
2 Did any officer, director, trustee, or key employee have a family relationship or a bu5ineSS relationship With any other
officer, director, trustee, or key employee? 2 No
3 Did the organization delegate control over management duties customarily performed by or under the direct superVISion 3 No
of officers, directors or trustees, or key employees to a management company or other person?
4 Did the organization make any Significant changes to itS governing documents Since the prior Form 990 was filed? . 4 N0
5 Did the organization become aware during the year of a Significant diverSion of the organization's assets? 5 No
Did the organization have members or stockholders? 6 No
7a Did the organization have members, stockholders, or other persons who had the power to elect or appomt one or more
members of the governing body? 7a No
Are any governance deCISionS of the organization reserved to (or subject to approval by) members, stockholders, or 7b No
persons other than the governing bodyDid the organization contemporaneously document the meetings held or written actions undertaken during the year by
the followmg
The governing body? 8a Yes
Each committee With authority to act on behalf of the governing body? 8b Yes
9 IS there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the
organization?s mailing address? If ?Yes, prowde the names and addresses in Schedule 0 . 9 No
Section B. Policies (This Section requests information about poliCies not reqUired by the Internal Revenue Code.)
Yes No
10a Did the organization have local chapters, branches, or affiliates? 10a No
If "Yes," did the organization have written pOl C es and procedures governing the actIVIties of such chapters, affiliates,
and branches to ensure thalr operations are conSistent With the organization's exempt purposes? 10b
11a Has the organization prowded a complete copy of this Form 990 to all members of its governing body before filing the
form? .. 
Describe in Schedule 0 the process, if any, used by the organization to reVIew this Form 990
123 Did the organization have a written conflict of interest policy? If "No, go to line 13 12a Yes
Were officers, directors, or trustees, and key employees reqUIred to disclose annually interests that could give rise to
conflicts? 12bYes
Did the organization regularly and conSistently monitor and enforce compliance With the policy? If ?Yes," describe in
Schedule 0 how this was done . 12: Yes
13 Did the organization have a written Whistleblower policy? 13 Yes
14 Did the organization have a written document retention and destruction policy? 14 Yes
15 Did the process for determining compensation of the followmg persons include a reweW and approval by independent
persons, comparability data, and contemporaneous substantiation of the deliberation and deCISion7
The organization?s CEO, Executive Director, or top management offICIal 15a Yes
Other officers or key employees of the organization 15b No
If "Yes" to line 15a or 15b, describe the process in Schedule 0 (see instructions)
16a Did the organization invest in, contribute assets to, or partICIpate in a pint venture or Similar arrangement With a
taxable entity during the year"Yes," did the organization follow a written policy or procedure reqUIring the organization to evaluate itS participation
in mint venture arrangements under applicable federal tax law, and take steps to safeguard the organization?s exempt
status With respect to such arrangements16b

 

 

 

 

Section C. Disclosure

17

18

19

20

List the States With which a copy of this Form 990 iS reqUIred to be filed?
HI,







 

Section 6104 reqUIres an organization to make its Form 1023 (or 1024-A if applicable), 990, and 990-T (501(c)(3)s
only) available for public inspection Indicate how you made these available Check all that apply
l:l Own webSIte l:l Another's webSIte Upon request l:l Other (explain in Schedule O)

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
PPROJECT VERITAS 135 HOYT AVENUE MAMARONECK, NY 10543 (914) 908-2300

 

Form 990 (2018)

 

Form 990 (2018) Page 7
Part VII 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. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees

 

1a Complete this table for all persons reqUIred to be listed Report compensation for the calendar year ending With or Within the organization's tax
year

0 List all of the organization?s current officers, directors, trustees (whether indiViduals or organizations), regardless of amount
of compensation Enter -0- 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 W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations

0 List all of the organization's former officers, key employees, or 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 Followmg order IndiVidual trustees or directors, institutional trustees, officers, key employees, highest
compensated employees, and former such persons

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

 

 

 

 

 

 

 

 

 

 

 

 

(A) (B) (C) (D) (E) (F)

Name and Title Average P05ition (do not check more Reportable Reportable Estimated
hours per than one box, unless person compensation compensation amount of other
week (list is both an officer and a from the from related compensation
any hours director/trustee) organization organizations from the
for related 3? It I (W- 2/1099- (W- 2/1099- organization and

:i 
organizations :i I, 3,5 MISC) MISC) related
below dotted 35 f? 3 organizations
line) RE 5 ?3?.1. 

(1) TYRMAND 1 00
0 0 0
Director 0 00
(2) COLIN SHARKEY 1 00
0 0 0
Director 0 00
(3) JAMES YOUNG 100
0 0 0
Director 0 00
(4) JAMES 50 00
387,071 0 8,869
Chairman 0 00
(5) RUSSELL VERNEY 50 00
179,233 0 1,263
Executive Dir 0 00
(6) Robert] Halderman 50 00
184,802 0 16,345
PrOJect Manager 0 00
(7) ADAM 40 00
130,000 0 0
DONOR DEVELOPMENT
0 00
(8) Stephen Gordon 40 00
130,828 0 13,080
Dir SpeCIal 0 00
(9) FREDY MFUKO 40 00
115,003 0 8,627
PRODUCTION MANAGER
0 00
(10) TREVOR TOMLINSON 40 00
110,000 0 0
DIRECTOR OF IT 0 00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Form 990 (2018)

Form 990 (2018)

Page 8

Part VII Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(A) (B) (C) (D) (E) (F)

Name and Title Average P05ition (do not check more Reportable Reportable Estimated
hours per than one box, unless person compensation compensation amount of other
week (list is both an officer and a from the from related compensation
any hours director/trustee) organization (W- organizations (W- from the
for related C: 3 7: I 'n organization and

organizations :1 3-. .3 3 ,5 related
below dotted g; g: E- 3 organizations
lineTotal from continuation sheets to Part VII, Section A . . . . 
Total (add lines 1,236,937 48,184
2 Total number of ihdiViduals (including but not limited to those listed above) who received more than $100,000
of reportable compensation from the organization 7
Yes No
3 Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on
line 1a? If "Yes, complete Schedule for such indiwcluai? . No
4 For any indiVidual listed on line 1a, 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
incliwcluai' Yes
5 Did any person listed on line 1a receive or accrue compensation from any unrelated organization or indiVidual for
serVIces rendered to the organizationUf ?Yes, complete Schedule for such person No
Section B. Independent Contractors
1 Complete this table for your five 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
(A) (B) (C)
Name and busmess address Description of serwces Compensation
HOLTZMAN VOGEL JOSEFIAK TORCHINSKY PLLC LEGAL 261,898
45 NORTH HILL DR STE 100
20186
PARK AVENUE ASSOCIATES LLC DONOR DEVELOPMENT 208,100
301 63RD ST 6A
New York, NY 10065
HERRICK FEINSTEIN LLP Legal 266,825
2 PARK AVENUE 215T FLOOR
NEW YORK, NY 10016
CALLI LAW LLC LEGAL 206,575
14 NORTHEAST AVE
MIAMI, FL 33132
FIRST GLOBAL PARTNERS LLC CONSULTING 242,500

131 PURCHASE STREET F-21
RYE, NY 10580

 

 

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 12

 

Form 990 (2018)

Form 990 (2018)

Part Statement of Revenue

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

Page 9

 

El

 

 

 

(A) (B) (C) (D)
Total revenue Related or Unrelated Revenue
exempt busmess excluded from
Function revenue tax under sections
revenue 512 - 514

 

 

 

'lar Amounts

Contributions, Gifts, Grants
imI

and Other 

1a Federated campaigns
Membership dues
Fundraismg events

Related organizations

All other contributions, gifts, grants,
and Similar amounts not included
above

if

Noncash contributions included
in lines Government grants (contributions) I 1e I

8,677,317

56,907

 

Total. Add lines 1a-1f .

 



8,677,317

 

Program Serwce Revenuv

2a

 

 

 

 

 





All other program serVIce revenue

9Total. Add lines 2a?2ic . 

Busmess Code

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Revenue

loaGross sales of inventory, less

3 Investment income (including diVidends, interest, and other

Similar amounts)

4 Income from investment of tax-exempt bond proceeds

5 Royalties


P-



 

10,890

10,890

 

 

 

Real

(ii) Personal

 

6a Gross rents

 

Less rental expenses

 

Rental income or
(loss)

 

Net rental income or (loss)



 

Securities

(ii) Other

 

7a Gross amount
from sales of
assets other
than inventory

 

Less cost or
other ba5is and
sales expenses

 

 

Gain or (loss)

 

Net gain or (loss) .

 

83 Gross income from Fundraismg events
(not including of
contributions reported on line 1c)

See Part IV, line 18 . . . . a

 

 

bLess directexpenses . . . 

 

 

Net income or (loss) from fundraismg events

 

9a Gross income from gaming actiwties
See Part IV, line 19

 

bLess directexpenses . . . 

 

Net income or (loss) from gaming actIVIties

 

returns and allowances
a

 

Less cost of goods sold . . 

 

Net income or (loss) from sales of inventory



 

Miscellaneous Revenue

Busmess Code

 

 

113Admini5tration fee

900099

54,963

54,963

 

 

Book Revenue

611710

79,494

79,494

 

Speaking engagements

611710

37,671

37,671

 

 

All other revenue

 

eTotal. Add lines 11a?11d

12 Total revenue. See Instructions

172,128

 

 

 

8,860,335

 

128,055

 

54,963

 

Form 990 (2018)

Form 990 (2018)

Panlx Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns All other organizations must complete column (A)

Page 10

 

Check if Schedule 0 contains a response or note to an

line in this Part IX



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Do not include amounts reported on lines 6b, (A) Prograglemce Manag?rfizant and (Part Total expenses expenses general expenses Fundraismgexpenses
1 Grants and other a55istance to domestic organizations and 0
domestic governments See Part IV, line 21
2 Grants and other a55istance to domestic indIVIduals See 0
Part IV, line 22
3 Grants and other a55istance to forEIgn organizations, forEIgn 0
governments, and foreign indIVIduals See Part IV, line 15
and 16

4 Benefits paid to or for members 0

5 Compensation of current officers, directors, trustees, and 612,358 266,639 265,665 80,054

key employees

6 Compensation not included above, to disqualified persons (as 0

defined under section 4958(f)(1)) and persons described in

section 4958(c)(3)(B) . .
7 Other salaries and wages 2,425,895 1,889,097 380,375 156,423
8 Pen5ion plan accruals and contributions (include section 401 0

and 403(b) employer contributions)

9 Other employee benefits 124,647 105,139 17,729 1,779
10 Payroll taxes 264,366 170,866 76,439 17,061
11 Fees for serVIces (non-employees)

a Management 0
Legal 2,020,790 870,579 1,150,211
Accounting 304,540 304,540
Lobbying 0
Professwnal fundraismg serVIces See Part IV, line 17 208,100 208,100
Investment management fees 0
9 Other (If line 119 amount exceeds 10% of line 25, column 25,500 25,500
(A) amount, list line 119 expenses on Schedule 0)
12 Advertismg and promotion 81,156 81,156
13 Office expenses 93,485 93,485
14 Information technology 0
15 Royalties 0
16 Occupancy 254,675 132,350 122,325
17 Travel 946,213 946,213
18 Payments of travel or entertainment expenses for any 42,035 42,035
federal, state, or local public offICIals
19 Conferences, conventions, and meetings 14,512 14,512
20 Interest 64 64
21 Payments to affiliates 0
22 DepreCIation, depletion, and amortization 208,321 208,321
23 Insurance 91,775 91,775
24 Other expenses Itemize expenses not covered above (List
miscellaneous expenses in line 24a If line 24e amount
exceeds 10% of line 25, column (A) amount, list line 24e
expenses on Schedule 0 
a Out5ide serVIces 784,009 784,009
Direct marketing 645,104 538,661 106,443
Reimbursed expenses-other 326,800 326,800
Website maintenance 158,313 158,313
All other expenses 63,680 18,674 36,732 8,274
25 Total functional expenses. Add lines 1 through 24e 9,696,338 6,303,072 2,815,132 578,134
26 Joint costs. Complete this line only if the organization

reported in column (B) costs from a combined
educational campaign and fundraismg soIICItation

Check here l:l if followmg SOP 98-2 (ASC 958-720)

 

 

 

 

 

Form 990 (2018)

Form 990 (2018)

Page 11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Part Balance Sheet
Check if Schedule 0 contains a response or note to any line In this Part IX . . l:l
(A) (B)
Beginning of year End of year
1 Cash?non-interest-bearing 1,358,548 1 668,285
2 Savmgs and temporary cash Investments 2 0
3 Pledges and grants recewable, net 106,532 3 257,888
4 Accounts receivable, net 4 0
5 Loans and other receivables from current and former officers, directors,
trustees, key employees, and highest compensated employees Complete 5 0
PartllofScheduleL . . . . . . . . . . .
6 Loans and other receivables from other disqualified persons (as de?ned under
section 4958(f)(1)), persons described in section 4958(c)(3)(B), and
contributing employers and sponsoring organizations of section 501(c)(9) 6 0
voluntary employees' beneFICIary organizations (see instructions) Complete
Part II of Schedule .
7 Notes and loans receivable, net 7 0
Inventories for sale or use 8 0
9 Prepaid expenses and deferred charges 109,500 9 117,097
10a Land, and eqUIpment cost or other
basis Complete Part VI of Schedule 103 1-141-025
Less accumulated depreCIation 10b 347.341 813,367 10c 793.535
11 Investments?publicly traded securities 11 0
12 Investments?other securities See Part IV, line 11 12 0
13 Investments?program-related See Part IV, line 11 13 0
14 Intangible assets 14 0
15 Other assets See Part IV, line 11 134,985 15 198,413
16 Total assets.Add lines 1 through 15 (must equal line 34) 2,522,932 16 2,035,368
17 Accounts payable and accrued expenses 199.116 17 547.555
18 Grants payable 18
19 Deferred revenue 19
20 Tax-exempt bond liabilities 20
vi 21 Escrow or custodial account liability Complete Part IV of Schedule 21
22 Loans and other payables to current and former officers, directors, trustees,

key employees, highest compensated employees, and disqualified

persons Complete Part II of Schedule 22
?1 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 (including federal income tax, payables to related third parties, 25
and other liabilities not included on lines 17 - 24)
Complete Part of Schedule 
26 Total liabilities.Add lines 17 through 25 199.116 26 547.555
:3 Organizations that follow SFAS 117 (ASC 958), check here and
2 complete lines 27 through 29, and lines 33 and 34.
?5 27 Unrestricted net assets 2,323,816 27 1,487,813
?05 28 Temporarily restricted net assets 28
'9 29 Permanently restricted net assets 29
Organizations that do not follow SFAS 117 (ASC 958),
5 check here l:l and complete lines 30 through 34.
30 Capital stock or trust prinCIpal, or current funds . 30
a; 31 Paid-in or capital surplus, or land, or eqUIpment fund 31
32 Retained earnings, endowment, accumulated income, or other funds 32
a 33 Total net assets or fund balances 2,323,816 33 1,487,813
2 34 Total liabilities and net assets/fund balances 2,522,932 34 2,035,368

 

 

Form 990 (2018)

Form 990 (2018)
Reconcilliation of Net Assets

Page 12

 

Check If Schedule 0 contaIns a response or note to any lIne In thIs Part XI



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1 Total revenue (must equal Part column (A), lIne 12) 1 8,860,335
2 Total expenses (must equal Part IX, column (A), lIne 25) 2 9,696,338
3 Revenue less expenses Subtract Me 2 from IIne 1 3 -836,003
4 Net assets or fund balances at begInnIng of year (must equal Part X, lIne 33, column 4 2,323,816
5 Net unrealized gaIns (losses) on Investments 5
6 Donated serVIces and use of 6
7 Investment expenses 7
8 PrIor perIod adjustments 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, Me 33, column 10 1,487,813
Financial Statements and Reporting
Check If Schedule 0 contaIns a response or note to any lIne In thIs Part 
Yes No
1 AccountIng method used to prepare the Form 990 l:l Cash Accrual l:l Other
If the organIzatIon changed Its method of accountmg from a prIor year or checked "Other," explaIn In
Schedule 0
2a Were the organIzatIon?s fInanCIal statements comleed or reVIewed by an Independent accountant? 2a No
If ?Yes,? check a box below to IndIcate whether the fInanCIal statements for the year were complied or reVIewed on a
separate ba5Is, consoIIdated ba5Is, or both
l:l Separate ba5Is l:l ConsolIdated ba5Is l:l Both consolldated and separate ba5Is
Were the organIzatIon?s fInanCIal statements audIted by an Independent accountant? 2b Yes
If ?Yes,? check a box below to IndIcate whether the fInanCIal statements for the year were audIted on a separate ba5Is,
consolldated ba5Is, or both
Separate ba5Is l:l ConsolIdated ba5Is l:l Both consolldated and separate ba5Is
If "Yes," to lIne 2a or 2b, does the organIzatIon have a commIttee that assumes for overSIght
of the audIt, reVIew, or compIIatIon of Its fInanCIal statements and selectIon of an Independent accountant? 2c Yes
If the organIzatIon changed eIther Its overSIght process or selectIon process durIng the tax year, explaIn In Schedule 0
3a 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 3a No
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 audIts 3b

 

 

 

 

Form 990 (2018)

Additional Data

Software ID: 18007218
Software Version: 2018v3.1
EIN: 27-2894856
Name: PROJECT VERITAS

Form 990 (2018)
Form 990, Part Line 4a:
The MISSIOH of PrOJect VerItas, Inc Is to traIrI, educate, and Inform others to Investigate and expose corruptIorI, dIshonesty, self?deaIIrIg, waste, fraud, and other misconduct

In both publIc and prIvate InstItutIorIs In order to achIeve a more ethIcaI and transparent PrOJect VerItas, Inc does not advocate speCIfIc resolutIons to the Issues that
are raIsed through Its InvestIgatIons, nor do we encourage others to do so

 

Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93493184000179 

 

 

 

 

OMB No 1545-0047

SCHEDULE A Public Charity Status and Public Support 
(Form 990 01? Complete if the organization is a section 501(c)(3) organization or a section 2 0 1 8
990EZ) 4947(a)(1) nonexempt charitable trust.

Attach to Form 990 or Form 990-EZ. 
0mm Tremun Go to for the latest information.
inimmi pp. m. W. Inspection
Name of the organization Employer identification number

PROJECT VERITAS
27-2894856
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

 

 

 

A church, convention of churches, or assooation of churches described in section 
2 A school described in section (Attach Schedule (Form 990 or 990-EZ) 
3 A hospital or a cooperative hospital serVIce organization described in section 
4 A medical research organization operated in conjunction With a hospital described in section 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 170
(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 

A community trust described in section 170(b)(1)(A)(vi) (Complete Part II 

Ell]  :ll:l El l:ll:ll:ll:l

Ari agricultural research organization described in 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

 

10 An organization that normally receives (1) more than 331/30/0 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 331/30/0 of its support from gross
investment income and unrelated bu5iness taxable income (less section 511 tax) from busmesses achIred by the organization after June

30, 1975 See section 509(a)(2). (Complete Part 
An organization organized and operated exc u5ive y to test for public safety See section 509(a)(4).

I

11

12 An organization organized and operated excluswely for the benefit 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 givmg the supported
organization(s) the power to regularly appomt 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 havmg 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.

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

Enter the number of supported organizations



 

 

 

 

 

 

 

 

 

 

 

 

9 Prowde the followmg information about the supported organization(s)
Name of supported (ii) EIN Type of (iv) Is the organization listed Amount of (vi) Amount of
organization organization in your governing document? monetary support other support (see
(described on lines (see instructions) instructions)
1- 10 above (see
instructions))
Yes No

Total
For Paperwork Reduction Act Notice, see the Instructions for Cat No 11285F Schedule A (Form 990 or 990-EZ) 2018

Form 990 or 990-EZ.

Schedule A (Form 990 or 990-EZ) 2018

Page 2

 

.5111. Support Schedule for Organizations Described in Sections and 170



(Complete only if you checked the box on line 5, 7, 8, or 9 of Part I or if the organization failed to qualify under Part
If the organization fails to qualify under the tests listed below, please complete Part 

 

Section A. Public Support

 

Calendar year
(or fiscal year beginning in) 

(a)2014

(b)2015

(c)2016

2017

(e)2018

Total

 

1 Gifts, grants, contributions, and
membership fees received (Do not
Include any "unusual grant 

 

2 Tax revenues IeVIed for the
organization's bene?t and either paid
to or expended on Its behalf

 

3 The value of serVIces or faCIlitieS
Furnished by a governmental unit to
the organization Without charge

 

4 Total. Add lines 1 through 3

 

5 The portion of total contributions by
each person (other than a
governmental unit or publicly
supported organization) included on
line 1 that exceeds 2% of the amount
shown on line 11, column 

 

6 Public support. Subtract line 5 from
line 4

 

 

 

 

 

Section B. Total Support

 

Calendar year
(or fiscal year beginning in) 

(a)2014

(b)2015

(c)2016

(d)2017

(e)2018

(f)Tota 

 

7 Amounts from line 4

 

8 Gross income from interest,
diVidends, payments received on
securities loans, rents, royalties and
income from Similar sources

 

9 Net income from unrelated busmess
actIVItieS, whether or not the
busmess is regularly carried on

 

10 Other income Do not include gain or
loss from the sale of capital assets
(Explain in Part VI)

 

11 Total support. Add lines 7 through
10

 

 

 

 

 

 

 

12 Gross receipts from related actIVItieS, etc (see instructions)

l12l

 

13 First five years. If the Form 990 iS for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,

check this box and stop here . . . . .

 

Section C. Computation of Public 

upport Percentage

 

14 Public support percentage for 2018 (line 6, column diVided by line 11, column 
15 Public support percentage for 2017 Schedule A, Part II, line 14

153 33 1/3?/o support test?2018. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box

and stop here. The organization qualifies as a publicly supported organization

14

 

 

 

15

 

r-E]

33 1/3?/o support test?2017. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3?/o or more, check this

box and stop here. The organization qualifies as a publicly supported organization
17a 10?lo-facts-and-circumstances test?2018. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-CIrcumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-CIrcumstances" test The organization qualifies as a publicly supported

organization

10?lo-facts-and-circumstances test?2017. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line

15 is 10% or more, and if the organization meets the "facts-and-CIrcumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-CIrcumstances" test The organization qualifies as a publicly

supported organization

13 Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see

instructions



va]

Pl:l
Pl:l

 

Schedule A (Form 990 or 990-EZ) 2018

Schedule A (Form 990 or 990-EZ) 2018

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If

Page 3

 

the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

 

1

7a


8

Calendar year

(or fiscal year beginning in) 

Gifts, grants, contributions, and
membership fees received (Do not
Include any "unusual grants 
Gross receipts from admi55ions,
merchandise sold or serVIces
performed, or furnished in
any actIVIty that is related to the
organization's tax-exempt purpose
Gross receipts from actIVIties that
are not an unrelated trade or
busmess under section 513

Tax revenues lewed for the
organization's benefit and Either
paid to or expended on its behalf

The value of serVIces or faCIlities
furnished by a governmental unit to
the organization Without charge
Total. Add lines 1 through 5
Amounts included on lines 1, 2, and
3 received from disqualified persons
Amounts included on lines 2 and 3
recewed from other than disqualified
persons that exceed the greater of
$5,000 or 1% of the amount on line
13 for the year

Add lines 7a and 7b

Public support. (Subtract line 7c
from line 6 

(a)2014

(b)2015

(c)2016

(d)2017

(e)2018

Total

 

2,416,542

3,705,349

4,857,637

7,782,772

8,677,317

27,439,617

 

 

 

 

0

 

2,416,542

3,705,349

4,857,637

7,782,772

8,677,317

27,439,617

 

0

 

 

 

27,439,617

 

Section B. Total Support

 

9
10a

12

13

14

Calendar year

(or fiscal year beginning in) 

Amounts from line 6

Gross income from interest,
diVidends, payments received on
securities loans, rents, royalties
and income from Similar sources

Unrelated busmess taxable income
(less section 511 taxes) from
businesses acquired after June 30,
1975

Add lines 10a and 10b

Net income from unrelated busmess
actIVIties not included in line 10b,
whether or not the business is
regularly carried on

Other income Do not include gain
or loss from the sale of capital
assets (Explain in Part VI 

Total support. (Add lines 9, 10c,
11, and 12 

(a)2o14

(b)2o15

(c)2016

(d)2o17

(e)2018

Total

 

2,416,542

3,705,349

4,857,637

7,782,772

8,677,317

27,439,617

 

 

 

 

 

 

 

 

2,416,542

 

3,705,349

 

4,857,637

7,782,772

 

8,677,317

 

27,439,617

 

First five years. If the Form 990 IS for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,

check this box and stop here



 

Section C. Computation of Public Support Percentage

 

15
16

Public support percentage for 2018 (line 8, column diVided by line 13, column 
Public support percentage from 2017 Schedule A, Part line 15

15

100 000 0/o

 

16

100 000 c?/0

 

Section D. Computation of Investment Income Percentage

 

17
18

Investment income percentage for 2018 (line 10c, column lelded by line 13, column 

Investment income percentage from 2017 Schedule A, Part line 17

17

0 

 

 

18

 

 

19a 331/3?/o support tests?2018. If the organization did not check the box on line 14, and line 15 is more than 33 and line 17 IS not

more than 33 check this box and stop here. The organization qualifies as a publicly supported organization



33 1/3% support tests?2017. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is

20

not more than 33 check this box and stop here. The organization qualifies as a publicly supported organization

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions

PEI
PEI

 

Schedule A (Form 990 or 990-EZ) 2018

Schedule A (Form 990 or 990-EZ) 2018

Supporting Organizations
(Complete only if you checked a box on line 12 of Part I If you checked 12a of Part I, complete Sections A and If you checked 12b of
Part I, complete Sections A and If you checked 12c of Part I, complete Sections A, D, and If you checked 12d of Part I, complete

Page 4

 

Sections A and D, and complete Part V)

Section A. All Supporting Organizations

 

the organization's supported organizations listed by name in the organization's governing documents?
If ?No, describe in Part VI how the supported organizations are deSIgnated If deSIgnated by class or purpose,

 

describe the desrgnation If historic and continUing relationship, explain

 

Did the organization have any supported organization that does not have an IRS determination of status under section 509
1) or If "Yes, explain in Part VI how the organization determined that the supported organization was described

 

in section 509(a)(1) or (2)

 

Did the organization have a supported organization described in section 501(c)(4), (5), or If ?Yes," answer and 

 

below

3a

 

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied
the public support tests under section 509(a)(2)7 If ?Yes, describe in Part VI when and how the organization made the

 

determination

3b

 

Did the organization ensure that all support to such organizations was used excluswely for section 170(c)(2)(B) purposes?

 

If ?Yes, explain in Part VI what controls the organization put in place to ensure such use

3c

 

Was any supported organization not organized in the United States ("foreign supported organization")? If "Yes? and if you

 

checked 12a or 12b in Part I, answer and below

 

Did the organization have ultimate control and discretion in deCIding whether to make grants to the foreign supported

 

organization? If "Yes,? describe in Part VI how the organization had such control and discretion despite being controlled or
superwsed by or in connection With its supported organizations

4b

 

Did the organization support any foreign supported organization that does not have an IRS determination under sections
501(c)(3) and 509(a)(1) or (2)7 If "Yes,? explain in Part VI what controls the organization used to ensure that all support

 

to the foreign supported organization was used excluswely for section 1 purposes

4c

 

Did the organization add, substitute, or remove any supported organizations during the tax year? If "Yes, answer and
below (if applicable) Also, prowde detail in Part VI, including the names and EIN numbers of the supported
organizations added, substituted, or removed, (ii) the reasons for each such action, the authority under the

 

organization '5 organiZing document authorizmg such action, and (iv) how the action was accomplished (such as by

5a

 

amendment to the organizmg document)

 

Type I or Type 11 only. Was any added or substituted supported organization part of a class already deSIgnated in the
organization?s organizmg document?

5b

 

Substitutions only. Was the substitution the result of an event beyond the organization's control?

5c

 

Did the organization prowde support (whether in the form of grants or the prowsion of serVIces or faCIlities) to anyone other
than its supported organizations, (ii) that are part of the charitable class benefited by one or more of its
supported organizations, or other supporting organizations that also support or benefit one or more of the filing

 

organization?s supported organizations? If "Yes,?prowde detail in Part VI.

 

Did the organization prowde a grant, loan, compensation, or other Similar payment to a substantial contributor (defined in
section a family member of a substantial contributor, or a 35% controlled entity With regard to a

 

substantial contributor? If ?Yes,? complete Part I of Schedule (Form 990 or 990-EZ)

 

Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 77 If "Yes,?

 

complete Part I of Schedule (Form 990 or 990-EZ)

 

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as
defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or If ?Yes,?

 

prowde detail in Part VI.

9a

 

Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting

 

organization had an interest? If "Yes,?prowde detail in Part VI.

9b

 

Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in

 

which the supporting organization also had an interest? If ?Yes, ?prowde detail in Part VI.

9c

 

Was the organization subject to the excess bu5iness holdings rules of section 4943 because of section 4943(f) (regarding
certain Type II supporting organizations, and all Type non-functionally integrated supporting organizations)? If "Yes,?

 

answer line 10b below

10a

 

Did the organization have any excess busmess holdings in the tax year? (Use Schedule C, Form 4720, to determine whether

 

the organization had excess busmess holdings)

 

10b

 

 

 

Schedule A (Form 990 or 990-EZ) 2018

Schedule A (Form 990 or 990-EZ) 2018 Page 5
Supporting Organizations (continued)

 

 

11

a





Yes No

 

Has the organization accepted a gift or contribution from any of the followmg persons?

 

A person who directly or indirectly controls, either alone or together With persons described In and below, the
governing body of a supported organization?

 

11a

A family member of a person described In above? 11b

 

 

A 35% controlled entity of a person described In or above? If "Yes? to a, b, or c, prowde detail In Part VI 11c

 

 

Section B. Type I Supporting Organizations

 

Yes No

 

Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appomt or
elect at least a majority of the organization's directors or trustees at all times during the tax year? If "No, describe in Part
VI how the supported organization(s) effectively operated, supervrsed, or controlled the organization ?5 actiVities If the
organization had more than one supported organization, describe how the powers to appOint and/or remove directors or
trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such
powers during the tax year

 

 

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that
operated, supervised, or controlled the supporting organization? If "Yes, explain In Part VI how prowding such benefit
carried out the purposes of the supported organization(s) that operated, supervrsed or controlled the supporting
organization

 

 

 

Section C. Type 11 Supporting Organizations

 

1

Yes No

 

Were a majority of the organization's directors or trustees during the tax year also a majority of the directors or trustees of
each of the organization's supported organization(s)? If "No, describe in Part VI how control or management of the
supporting organization was vested In the same persons that controlled or managed the supported organization(s) 1

 

 

 

Section D. All Type Supporting Organizations

 

Yes No

 

Did the organization prowde to each of its supported organizations, by the last day of the fifth month of the organization?s
tax year, (I) a written notice describing the type and amount of support prOVIded durIng the prior tax year, (II) a copy of the
Form 990 that was most recently filed as of the date of notification, and copies of the organization's governing
documents in effect on the date of notification, to the extent not preVIously prowded"

 

 

Were any of the organization?s officers, directors, or trustees either appomted or elected by the supported organization
(5) or (ii) servmg on the governing body of a supported organization? If explain in Part VI how the organization
maintained a close and continuous working relationship With the supported organization(s)

 

 

By reason of the relationship described in (2), did the organization's supported organizations have a Significant v0ice In the
organization?s Investment po ICIes and In directing the use of the organization?s Income or assets at all times during the tax
year? If "Yes, describe In Part VI the role the organization?s supported organizations played in this regard

 

 

 

 

 

Section E. Type Functionally-Integrated Supporting Organizations

 

1

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions)

a The organization satisfied the ActIVIties Test Complete line 2 below
CI The organization is the parent of each of its supported organizations Complete line 3 below

CI The organization supported a governmental entity Describe in Part VI how you supported a government entity (see Instructions)

 

ActIVIties Test Answer and below. Yes No

 

a Did substantially all of the organization?s actIVItIes during the tax year directly further the exempt purposes of the
supported organization(s) to which the organization was responSIve? If "Yes," then in Part VI identify those supported
organizations and explain how these actiwties directly furthered their exempt purposes, how the organization was
responsrve to those supported organizations, and how the organization determined that these actiwties constituted
substantially all of its actiwties 2a

 

 

Did the actIVItIes described In constitute actIVIties that, but for the organization's involvement, one or more of the
organization?s supported organization(s) would have been engaged in? If ?Yes," explain in Part VI the reasons for the
organization ?5 pOSition that its supported organization(s) would have engaged in these actiwties but for the organization ?5
involvement 2b

 

 

Parent of Supported Organizations Answer and below.

 

a Did the organization have the power to regularly appomt or elect a majority of the officers, directors, or trustees of each of 3a
the supported organizations? Provrde details in Part VI.

 

Did the organizatIon exerCIse a substantial degree of direction over the programs and actIVItIes of each of its
supported organizations? If ?Yes, describe in Part VI. the role played by the organization in this regard

 

 

 

 

3b

 

Schedule A (Form 990 or 990-EZ) 2018

Schedule A (Form 990 or 990-EZ) 2018 Page 6
Type Non-Functionally Integrated 509(a)(3) Supporting Organizations

1 Check here If the organIzatIon satis?ed the Integral Part Test as a qualifying trust on Nov 20, 1970 (explain In Part VI) See
instructions. All other Type non-functIonally Integrated supportIng organizations must complete Sections A through 

Section A - Adjusted Net Income (A) Pr'or Year currentYear
(optIonal)

 

 

 

Net short-term capItal gaIn

 

Recoveries of prIor-year distributions

 

Other gross Income (see instructions)
Add lines 1 through 3

DepreCIatIon and depletion

 

 

 

mthNI-l


Portion of operating expenses paId or Incurred for production or collection of gross
income or For management, conservation, or maIntenance of property held for
production of Income (see instructions)

 


\l

Other expenses (see Instructions)

 

Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)

Section - Minimum Asset Amount (A) Prlor Year 
optIona

 

 

1 Aggregate fair market value of all non-exempt-use assets (see InstructIons for short
tax year or assets held for part of year) 1

 

Average value of securItIes la

 

Average cash balances 1b

 

Fair market value of other non-exempt-use assets 1c
Total (add  Ines la, lb, and 1c) 1d

Discount claImed for blockage or other Factors
(explain In detail In Part VI)

 

 



 



2 AchISItion Indebtedness appIIcabIe to non-exempt use assets

 



Subtract  Ine 2 from line 1d

 

.5

Cash deemed held for exempt use Enter 1-1/20/0 of  Ine 3 (for greater amount, see
InstructIons)

 

Net value of non-exempt-use assets (subtract  Ine 4 from line 3)
Multiply line 5 by 035

Recoveries of prIor-year dIstrIbutIons

 

 

 


Guam-h

Minimum Asset Amount (add  Ine 7 to ?me 6)

Section - Distributable Amount Current Year
Adjusted net Income for prIor year (from Section A, line 8, Column A)
Enter 85% of line 1

 

 

 

 

MInImum asset amount for prior year (from Section B, line 8, Column A)

 

Enter greater of line 2 or line 3

 

Income tax Imposed In prIor year

 

mW-bWNl-l
aim-DWNI-l

Distributable Amount. Subtract line 5 from lIne 4, unless subject to emergency
temporary reductIon (see InstructIons)

 

 

 

 

\l

Check here If the current year IS the organization?s ?rst as a non-functionaIIy-Integrated Type supportIng organIzatIon (see
InstructIons)

 

Schedule A (Form 990 or 990-EZ) 2018

Schedule A (Form 990 or 990-EZ) 2018

Page 7

 

Type Non-Functionally Integrated 509(a)(3) Supporting Organizations (continued)

 

Section - Distributions

Current Year

 

1 Amounts paid to supported organizations to accomplish exempt purposes

 

Amounts paid to perform actIVIty that directly furthers exempt purposes of supported organizations, In

excess of income from actiwty

 

Administrative expenses paid to accomplish exempt purposes of supported organizations

 

Amounts paid to achIre exempt-use assets

 

Qualified set-aSIde amounts (prior IRS approval reqUIred)

 

Other distributions (describe in Part VI) See instructions

 

Total annual distributions. Add lines 1 through 6

 

?~10!th

details in Part VI) See instructions

Distributions to attentive supported organizations to which the organization is responswe (prowde

 

9 Distributable amount for 2018 from Section C, line 6

 

10 Line 8 amount diVided by Line 9 amount

 

 

Section - Distribution Allocations (see
instructions)

0)

Excess Distributions

(ii) 
Underdistributions Distributable
Pre-2018 Amount for 2018

 

1 Distributable amount for 2018 from Section C, line
6

 

2 Underdistributions, if any, for years prior to 2018
(reasonable cause reqUIred-- explain in Part VI)
See instructions

 

3 Excess distributions carryover, if any, to 2018

 

a From 2013.

 

From 2014.

 

From 2015.

 

From 2016.

 

From 2017.

 

Total of lines 3a through 

 

9 Applied to underdistributions of prior years

 

Applied to 2018 distributable amount

 

i Carryover from 2013 not applied (see
instructions)

 

Remainder Subtract lines 39, 3h, and 3i from 3f

 

4 Distributions for 2018 from Section D, line 7


 

a Applied to underdistributions of prior years

 

Applied to 2018 distributable amount

 

Remainder Subtract lines 4a and 4b from 4

 

5 Remaining underdistributions for years prior to
2018, if any Subtract lines 39 and 4a from line 2
If the amount IS greater than zero, explain in Part VI
See instructions

 

6 Remaining underdistributions for 2018 Subtract
lines 3h and 4b from line 1 If the amount is greater
than zero, explain in Part VI See instructions

 

7 Excess distributions carryover to 2019. Add lines
3] and 4c

 

8 Breakdown of line 7

 

Excess from 20 14.

 

Excess from 2015.

 

Excess from 2016.

 

Excess from 2017.

 



Excess from 2018.

 

 

 

 

Schedule A (Form 990 or 990-EZ) (2018)

Additional Data

Software ID: 18007218
Software Version: 2018v3.1
EIN: 27-2894856
Name: PROJECT VERITAS

Schedule A (Form 990 or 990-EZ) 2018 Page 8

Supplemental Information. Prowde the explanations reqUIred by Part II, line 10, Part II, line 17a or 17b, Part line 12, Part IV,
Section A, lines 9a, 9b, 9c, 11a, 11b, and 11c, Part IV, Section B, lines 1 and 2, Part IV, Section C, line 1,
Part IV, Section D, lines 2 and 3, Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b, Part V, line 1, Part V, Section B, line 1e, Part 
Section D, lines 5, 6, and 8, and Part V, Section E, lines 2, 5, and 6 Also complete this part for any additional Information (See
instructions)

 

Facts And Circumstances Test

 

 

 

 

 

 

 

Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93493184000179 

 

 

 

 

OMB No 1545-0047
SCHEDULE Supplemental FinanCIal Statements
2018
Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.

Department ofthe Trensiin Attach to Form 990. Open to Public
Iniemnl Rm enue semce Go to for the latest information. Inspection

Name of the organization Employer identification number

PROJECT VERITAS

27-2894856

 

 

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts.
Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
Donor adVIsed funds (b)Funds and other accounts

 

 

Total number at end of year

 

Aggregate value of contributions to (during year)

 

Aggregate value of grants from (during year)

 

 

 

Aggregate value at end of year

 



Did the organization inform all donors and donor adVisors in writing that the assets held in donor adVised funds are the
organization?s property, subject to the organization?s excluswe legal control? I: Yes No

6 Did the organization inform all grantees, donors, and donor adVIsors in writing that grant funds can be used only for
charitable purposes and not for the benefit of the donor or donor adVIsor, or for any other purpose conferring impermISSIble

private benefit? Yes Nu
Conservation Easements. Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

 

 

1 Purpose(s) of conservation easements held by the organization (check all that apply)
l:l Preservation of land for public use (e recreation or education) l:l Preservation of an historically important land area
l:l Protection of natural habitat l:l Preservation of a certified historic structure

l:l Preservation of open space

2 Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation

 

 

 

 

 

 

 

 

 

 

 

easement on the last day of the tax year Held at the End of the Year
a Total number of conservation easements 2a
Total acreage restricted by conservation easements 2b
Number of conservation easements on a certified historic structure included in 2c
Number of conservation easements included in achIred after 7/25/06, and not on a historic 2d
structure listed in the National Register
3 Number of conservation easements modified, transferred, released, or terminated by the organization during the
tax year 
Number of states where property subject to conservation easement is located 
5 Does the organization have a written policy regarding the periodic monitoring, inspection, handling of Violations,

7
and enforcement of the conservation easements it holds El Yes No

6 Staff and volunteer hours devoted to monitoring, inspecting, handling of Violations, and enforcmg conservation easements during the year


 

7 Amount of expenses incurred in monitoring, inspecting, handling of Violations, and enforCIng conservation easements during the year


 

8 Does each conservation easement reported on line 2(d) above satisfy the reqUIrementS of section 
and section El Yes El No

9 In Part describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization?s finanCIal statements that describes
the organization's accounting for conservation easements

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

1a If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of
art, historical treasures, or other Similar assets held for public exhibition, education, or research in furtherance of public serVIce,
pr0Vide, in Part the text of the footnote to its finanCIal statements that describes these items

 

 

If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art,
historical treasures, or other Similar assets held for public exhibition, education, or research in furtherance of public serVIce, prowde the
followmg amounts relating to these items

Revenue included on Form 990, Part line 1 

 

(ii)Assets included in Form 990, Part 

 

2 If the organization received or held works of art, historical treasures, or other Similar assets for finanCIal gain, prOVide the
followmg amounts reqUIred to be reported under SFAS 116 (ASC 958) relating to these items

3 Revenue included on Form 990, Part line 1 

 

Assets included in Form 990, Part 
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Cat No 52283D Schedule (Form 990) 2018

 

 

Schedule (Form 990) 2018 Page 2
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

 

 

3 Usmg the organIzatIon's achISItion, accessmn, and other records, check any of the followmg that are a SignIfIcant use of Its collection
Items (check all that apply)
a l:l Public exhibitIon l:l Loan or exchange programs



l:l Scholarly research Other


l:l Preservation for future generations

4 a description of the organIzatiori's collections and explain how they further the organization?s exempt purpose In

Part 
5 During the year, dId the organization so ICIt or receive donations of art, historical treasures or other 
assets to be sold to raise funds rather than to be maintaIned as part of the organization?s collection? El Yes El No

 

Escrow and Custodial Arrangements.
Complete If the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

X, line 21.
1a Is the organization an agent, trustee, custodian or other Intermediary for contributions or other assets riot
Included on Form 990, Part El Yes El No
If "Yes," explaIn the arrangement In Part and complete the followmg table Amount
Beginning balance 1C
AddItIons durIng the year 1d
Distributions durIng the year 18
EndIng balance 1f
2a Did the organizatIon Include an amount on Form 990, Part X, line 21, for escrow or custodIal account lIability7 . . . Yes l:l No
If "Yes," explaIri the arrangement In Part Check here If the explanatIon has been prOVIded In Part . . . . l:l
Endowment Funds. Complete If the organIzatIon answered "Yes" on Form 990, Part IV,  Ine 10.
(a)Current year (b)PrIor year (c)Two years back (d)Three years back (e)Four years back
1a BegInnIng of year balance
ContrIbutIons
Net Investment earnings, gains, and losses
Grants or scholarships
Other expendItures for faCIlitIes
and programs
AdmInistrative expenses
9 End of year balance
2 the estImated percentage of the current year end balance (line 1g, column held as
Board deSIgnated or quaSI-endowment 
Permanent endowment 
TemporarIly restrIcted endowment 
The percentages on lInes 2a, 2b, and 2c should equal 100%
3a Are there endowment funds not In the posseSSIon of the organizatIon that are held and admInIstered for the
organization by Yes No
unrelated organizations . . . . . . . . . . . . . . . . . 3a(i)
(ii) related organizations . . . . . . . . . . . . . . . . . 3a(ii)
If "Yes" on are the related organIzations  Isted as reqUIred on Schedule Describe In Part the Intended uses of the organIzation's endowment funds

Land, Buildings, and Equipment.
Complete If the or anIzatIon answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

 

 

 

 

 

 

 

 

 

 

 

 

Description of property Cost or other Cost or other (other) Accumulated depreCIatIon Book value
(Investment)
1a Land
BUIldIngs
Leasehold Improvements 393,109 93,328 299,781
(I Equ pment . . . . 669,793 233,405 436,388
Other . . . . . 78,124 20,608 57,516
Total. Add lines 1a through 1e (Column must equal Form 990, Part X, column (B), line 10(c)) . . 793,685

 

Schedule (Form 990) 2018

Schedule (Form 990) 2018 Page 3

Investments?Other Securities. Complete if the organization answered ?Yes" on Form 990, Part IV, line 11b.
See Form 990, Part X, line 12.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Description of security or category Method of valuation
(Including name of security) Book Cost or end-oF-year market value
value
(1) FinanCIal derivatives
(2) Closely-held eqUIty interests
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column must equal FONT) 990, Part X, col (B) line 12 
Investments?Program Related.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
Description of investment Book value Method of valuation
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column must equal Falm 990, Part X, col (B) line 13) 
Other Assets. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d See Form 990, Part X, line 15
Description Book value
(1) ADVANCES TO EMPLOYEES 73,055
(2) DUE FROM AFFILIATES 108,700
(3) INVESTMENT IN LLC 4,047
(4) SECURITY DEPOSIT 12,611
(5)
(6)
(7)
(8)
(9)
Total. (Column must equal Form 990, Part X, col (B) line 15198,413
Other Liabilities. Complete if the organization answered 'Yes' on Form 990, Part IV, line lie or 11f.
See Form 990, Part X, line 25.
1_ Description of liability Book value

 

(1) Federal income taxes

 

 

 

 

 

 

 

 

 

 

 

Total. (Column must equal Form 990, Part X, col (B) line 25) I

 

 

2. Liability for uncertain tax p05itions In Part prowde the text of the footnote to the organization's finanCIal statements that reports the
organization's liability for uncertain tax p05itions under FIN 48 (ASC 740) Check here if the text of the footnote has been prowded in Part l:l
Schedule (Form 990) 2018

 

Schedule (Form 990) 2018 Page 4

 

Reconciliation of Revenue per Audited Financial Statements With Revenue per Return

Complete If the organization answered 'Yes' on Form 990, Part IV, IIne 12a.

 

Reconciliation of Expenses per Audited Financial Statements With Expenses per Return.

1 Total revenue, gaIns, and other support per audIted fInanCIal statements . . . . . . . 1 8,860,335

2 Amounts Included on IIne 1 but not on Form 990, Part IIne 12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

a Net unrealIzed gaIns (losses) on Investments . . . . 2a
Donated serVIces and use Recoverles of prIor year grants . . . . . . . . . . . 2c
Other (DescrIbe In Part . . . . . . . . . . . . 2d
Add IInes 2a through Subtract IIne 2e from IIne 8,860,335
Amounts Included on Form 990, Part IIne 12, but not on IIne 1
a Investment expenses not Included on Form 990, Part IIne 7b . 4a
Other (DescrIbe In Part . . . . . . . . . . . 4b
Add IInes Total revenue Add lInes 3 and 4c. (ThIs must equal Form 990, PartI, IIne 12 . . . . 5 8,860,335

 

Complete If the organIzatIon answered 'Yes' on Form 990, Part IV, IIne 12a.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total expenses and losses per audIted fInanCIal statements . . . . . . . . . . . 1 9,696,338
2 Amounts Included on IIne 1 but not on Form 990, Part IX, IIne 25
a Donated serVIces and use PrIor year adjustments . . . . . . . . . . . . 2b
Other losses . . . . . . . . . . . . . . . . 2c
Other (DescrIbe In Part . . . . . . . . . . . . 2d
Add IInes 2a through Subtract IIne 2e from IIne 9,696,338
Amounts Included on Form 990, Part IX, IIne 25, but not on IIne 1:
a Investment expenses not Included on Form 990, Part IIne 7b . . 4a
Other (DescrIbe In Part . . . . . . . . . . . . 4b
Add IInes Total expenses Add IInes 3 and 4c. (ThIs must equal Form 990, Part I, IIne 9,696,338

 

Supplemental Information

Prowde the descrIptIons reqUIred for Part II, IInes 3, 5, and 9, Part IInes la and 4, Part IV, IInes 1b and 2b, Part V, IIne 4, Part X, IIne 2, Part
XI, IInes 2d and 4b, and Part XII, IInes 2d and 4b Also complete thIs part to prOVIde any addItIonal InformatIon

 

Return Reference ExplanatIon

Schedule (Form 990) 2018

Schedule (Form 990) 2018 Page 5
Supplemental Information (continued)

 

 

Return Reference Explanation

 

Schedule {Form 990) 2018

 

Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - 



 

SCHEDULE 
(Form 990 or 990-EZ)

Department of the Treasun
Internal Rex enue Sen Ice

 

Supplemental Information Regarding
Fundraising or Gaming Activities

Complete if the organization answered "Yes" on Form 990, Part IV, lines 17, 18, or 19, or if the
organization entered more than $15,000 on Form 990-EZ, line 6a

PAttach to Form 990 or Form 990-EZ.

?Go to gov/Form990 for instructions and the latest information

OMB No 1545-0047

2018
Inspection

 

 

Name of the organization
PROJECT VERITAS

 

27-2894856

 

Employer identification number

 

Fundraising Activities.Comp ete if the organization answered "Yes" on Form 990, Part IV, line 17.
Form 990-EZ filers are not reqUIred to complete this part.

 

1 Indicate whether the organization raised funds through any of the followmg actIVIties Check all that apply

a 

Internet and email soliatations 
Phone soIICItations
In-person soIICItations

SOIICItation of non-government grants

SOIICItation of government grants

fundraising events

2a Did the organization have a written or oral agreement With any indIVIdual (including officers, directors, trustees

or key employees listed in Form 990, Part VII) or entity in connection With professmnal fundraismg serVIces?

.Yes l:l No

If "Yes," list the ten highest paid indIVIduals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name and address of indiViduaI (ii) ActIVIty Did (iv) Gross receipts Amount paid to (vi) Amount paid to
or entity (fundraiser) fundraiser have from actIVIty (or retained by) (or retained by)
or fundraiser listed in organization
control of col 
contributionsTotal 

 

 

 

 

3 List all states in which the organization is registered or licensed to contributions or has been notified it IS exempt from registration or

licensmg

ALFor Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat No 50083H

Schedule (Form 990 or 990-EZ) 2018

Schedule (Form 990 or 990-EZ) 2018
Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more
than $15,000 of fundraismg event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events With

gross receipts greater than $5,000.

Page 2

 

Revenue

(a)Event #1

Event #2

(c)0ther events

 

(event type)

(event type)

(total number)


Total events
(add col through

col 

 

1 Gross recalpts .

 

2 Less Contributions.

 



Gross income (line 1 minus
line 2)

 

Direct Expenses

 

Cash prizes

 

Noncash prizes

 

Rent/faCIlity costs

 

 

Entertainment

 

4

5

6

7 Food and beverages
8

9

 

Other direct expenses

 

 

 

10 Direct expense summary Add lines 4 through 9 in column 

11 Net income summary Subtract line 10 from line 3, column 

on Form 990-EZ, line 6a.




 

Gaming. Complete if the organization answered ?Yes" on Form 990, Part IV, line 19, or reported more than $15,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OJ
- Pull tabs/Instant Total gaming (add
a Bingo bingo/progresswe bingo Other gaming col through col 

82
1 Gross revenue .
or
2 Cash prizes

3
3 Noncash prizes
8.5
4 Rent/faCIlity costs
5
5 Other direct expenses
lVolunteer labor No No No
7 Direct expense summary Add lines 2 through 5 in column 
3 Net gaming income summary Subtract line 7 From line 1, column 
9 Enter the state(s) in which the organization conducts gaming actIVIties
Is the organization licensed to conduct gaming actIVIties in each of these states? I: Yes No
If explain
103 Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? Yes El No
If "Yes," explain

 

 

 

 

Schedule (Form 990 or 990-EZ) 2018

 

 

Schedule (Form 990 or 990-EZ) 2018 Page 3
11 Does the organization conduct gaming actIVIties With nonmembers? Yes No
12 Is the organization a grantor, benefICIary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? Yes El No
13 Indicate the percentage of gaming actIVIty conducted in
a The organization's faCIlity 13a 
An out5ide faCIlity 13b 

 

 

 

14 Enter the name and address of the person who prepares the organization?s gaming/speCIal events books and records

 

Name 

 

Address 

15a Does the organization have a contract With a third party from whom the organization receives gaming

revenue?

l:lYes l:l No

If "Yes," enter the amount of gaming revenue received by the organization and the
amount of gaming revenue retained by the third party 

If "Yes," enter name and address of the third party

 

Name 

Address 

 

16 Gaming manager information

 

Name 

Gaming manager compensation 

Description of serVIces proVIded 

l:l Director/officer

17 Mandatory distributions

 

l:l Employee l:l Independent contractor

a Is the organization required under state law to make charitable distributions from the gaming proceeds to

retain the state gaming license?

l:lYes l:l No

Enter the amount of distributions reqUIred under state law distributed to other exempt organizations or spent
in the organization's own exempt actIVIties during the tax year 

 

Supplemental Information. Prowde the explanations reqwred by Part I, line 2b, columns and and Part
lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also prowde any additional information. See instructions.

 

Return Reference

Explanation

 

Part I, Line 2b - Fundraiser Additional
Information

The organization has a fundraismg agreement With Park Avenue Assoaates

 

 

Schedule (Form 990 or 990-EZ) 2018

 

Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93493184000179 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule Compensation Information OMB No 1545-0047
Form 990
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees 2 0 1 8
Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Attach to Form 990.
Department ot?the Trensun Go to for instructions and the latest information. Open to Public
Iiilemnl enue Senice Ins I ection
Name of the organization Employer identification number
PROJECT VERITAS
27-2894856
Questions Regarding Compensation
Yes No
1a Check the approplate box(es) if the organization prowded any of the followmg to or for a person listed on Form
990, Part VII, Section A, line 1a Complete Part to prowde any relevant information regarding these items
El First-class or charter travel Hou5ing allowance or re5idence for personal use
El Travel for companions El Payments for business use of personal reSIdence
El Tax idemnification and gross-up payments El Health or club dues or initiation fees
El Discretionary spending account Personal serVIces (e maid, chauffeur, chef)
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or raimbursement
or prowsmn of all of the expenses described above? If complete Part to explain 1b
2 Did the organization reqUIre substantiation prior to reimbursmg or allowmg expenses incurred by all 2
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a?
3 Indicate which, if any, of the followmg the filing organization used to establish the compensation of the
organization?s CEO/Executive Director Check all that apply Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part 
El Compensation committee Written employment contract
El Independent compensation consultant El Compensation survey or study
El Form 990 of other organizations Approval by the board or compensation committee
4 During the year, did any person listed on Form 990, Part VII, Section A, line 1a, With respect to the filing organization or a
related organization
a Receive a severance payment or change-of-control payment? 4a No
PartICIpate in, or receive payment from, a supplemental nonqualified retirement plan? 4b No
PartICIpate in, or receive payment from, an eqUIty-based compensation arrangement? 4c No
If "Yes" to any of lines 4a-c, list the persons and prowde the applicable amounts for each item in Part 
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5 For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of
a The organization? Sa No
Any related organization? 5b No
If "Yes," on line 5a or 5b, describe in Part 
6 For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of
a The organization? 6a No
Any related organization? 6b No
If "Yes," on line 6a or 6b, describe in Part 
7 For persons listed on Form 990, Part VII, Section A, line 1a, did the organization prowde any nonfixed
payments not described in lines 5 and 67 If "Yes," describe in Part 7 No
8 Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53 If "Yes," describe
in Part 
8 No
9 If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section
53 9 No

 

 

 

 

For Paperwork Reduction Act Notice. see the Instructions for Form 990. Cat No 50053T Schedule (Form 990) 2018

Schedule] (Form 990) 2018

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each indiVidual whose compensation must be reported on Schedule J, report compensation from the organization on row and from related organizations, described in the
instructions, on row (ii) Do not list any ll'lClIVIdualS that are not listed on Form 990, Part VII

for each listed indiVidual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that indiVidual

Note. The sum of columns (B

Page 2

 

(A) Name and Title

(B) Breakdown of W-2 and/or 1099-MISC compensation

 

(C) Retirement and

(D) Nontaxable

(E) Total of columns

(F) Compensation in

 

 

 

Base (ii) Bonus 3, incentive Other other deferred benefits column (B) reported
compensation compensation reportable compensation as deferred on prior
compensation Form 990
1 JAMES 387,071 8,869 395,940
Chairman 
(ii)
2 Robert] Halderman 168,726 16,076 16,345 201,147
PrOJect Manager 
(ii)
3 RUSSELL VERNEY 179,233 1,263 180,496
Executive Dir 
(ii)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule (Form 990) 2018

Schedule (Form 990) 2018 Page 3

 

Supplemental Information

 

Prowde the Information, explanation, or descriptions reqUIred for Part I, IInes 1aand for Part II Also complete this part for any additional information

 

Return Reference Explanation

 

 

 

Schedule (Form 990} 2018

 

Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93493184000179 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SCHEDULE - - OMB No 1545-0047
(Fem, 990, Noncash Contributions 
hComplete if the organizations answered "Yes" on Form 990, Part IV, lines Attach to Form 990.
Department ?the Tremun hGo to for the latest Information. Open to Public
enue Senicc Inspection
Name of the organization Employer identification number
PROJECT VERITAS
27-2894856
Types of Property
(3) (C) 
Check if Number of contributions or Noncash contribution Method of determining
applicable items contributed amounts reported on noncash contribution amounts
Form 990, Part line
19
1 Art?Works of art
2 Art?Historical treasures
3 Art?Fractional interests
4 Books and publications
5 Clothing and household
goods . . . . .
6 Cars and other vehicles
7 Boats and planes .
8 Intellectual property .
9 Securities?Publicly traded . 4 56,907 Sale
10 Securities?Closely held stock .
11 Securities?Partnership, LLC,
or trust interests .
12 Securities?Miscellaneous .
13 Qualified conservation
contribution?Historic
structures .
14 Qualified conservation
contribution?Other
15 Real estate?ReSIdential
16 Real estate?CommerCIal
17 Real estate?Other
18 Collectibles
19 Food inventory
20 Drugs and medical supplies
21 TaXIdermy
22 Historical artifacts
23 SCIentific speCImens
24 Archeological artifacts
25 Other 
26 Other 
27 Other 
28 Other 
29 Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement 29
Yes No
30a During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it
must hold for at least three years from the date of the initial contribution, and which is not reqUIred to be used for exempt
purposes for the entire holding period?
30a No
If "Yes," describe the arrangement in Part II
31 Does the organization have a gift acceptance policy that reqUIres the rewew of any nonstandard contributions? 31 N0
32a Does the organization hire or use third parties or related organizations to process, or sell noncash
32a No
If "Yes," describe in Part II
33 If the organization did not report an amount in column for a type of property for which column is checked,
describe in Part II

 

 

 

 

For Paperwork Reduction Act Notice, see the Instructions for Form 990. Cat No 51227] Schedule (Form 990) (2018)

 

Schedule Form 990) (2018) Page 2
Supplemental Information.

Prowde the Information reqUIred by Part I, IInes 30b, 32b, and 33, and whether the organlzatIon IS In Part
I, column the number of contrIbutIons, the number of Items recered, or a combInatIon of both. Also complete
thIs part for any addItIonaI InformatIon.

 

Return Reference ExplanatIon

 

Schedule (Form 990} {2018)

 

Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - 



 

SCHEDULE 0 Supplemental Information to Form 990 or 990-EZ

(Form 990 or 990-

Complete to provide information for responses to specific questions on

 

EZ) Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Department ??116 men Go to for the latest information.

OMB No 1545-0047

Open to Public
Inspection

 

 

Hamel B?tmlp?glamzation
PROJECT VERITAS

 

990 Schedule 0, Supplemental Information

Employer identification number

27-2894856

 

Return
Reference

Explanation

 

Form 990,
Part VI, Line
11b Form
990 ReVIew
Process

 

 

Officers are prowded With a copy of form 990 and form 990T for reVIew and discussmn prior to filing

 

 

990 Schedule 0, Supplemental Information

 

 

 

 

Return Explanation
Reference
Form 990, ReVIew and approvel by the compensation committee of the governing body is reqUIred for al
Part VI, Line CEO compensation The CEO is not involved in such deCISlonS Contemporaneous documentati
15a on and recordkeeping for deliberations and deCI5ions regarding the compensation deCISIons
Compensation are maintained by the organization CEO compensation includes base compensation, bonuses a
ReVIew nd incentive compensation as approved by the governing body The CEO is a very risky 8: con
Approval troverSIal posmon, he has already been threatened and attacked, there is an inherent ris
Process - to the CEO and therefore the Organization itself.considering his importance to the organ
CEO. Top ization The committee evaluates the competitiveness of compensation as compared to compar
Management able non-profit organizations, u5ing Form 990 data and non-profit survey data An extenal
independent compensation consultant has been contracted by the organization

 

 

990 Schedule 0, Supplemental Information

 

Return
Reference

Explanation

 

Form 990,
Part VI, Line
19 Other
Organization
Documents
Publicly
Available

 

 

Forms 990 and 990T are made available upon request for inspection at the organizations office location

 

 

990 Schedule 0, Supplemental Information

 

Return
Reference

Explanation

 

Form 990,
Part XII, Line
2 Change of
Over5ight or
Selection
Process

 

 

By a resolution dated June 6, 2018 the corporation created an Audit Committee as a Committ
ee of the Whole of the Board of Directors Resolutions, deliberations. and other actions 

be taken by the Audit Committee shall only be voted upon by the Indepentent Directors WI
thin the Audit Committee The Audit Committee shall oversee the accounting and finanCIal 
eporting processes of the corporation and the audit of the corporation's flnanCIal stateme

The Audit Committee shall continue to annually retain or renew the retention of an in
dependent auditor to conduct the audit and, upon completion thereof, reVIew the results of
the audit and any related management letter With the independent auditor

 

 

 

Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - 



 

SCHEDULE 
(Form 990)

Department of the Trensun

 

Internal Re\ cnuc Sen ice

Related Organizations and Unrelated Partnerships

Attach to Form 990.

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.

Go to for instructions and the latest information.

OMB No 1545-0047

 

 

Open to Public
Ins nection

2018

 

 

Name of the organization
PROJECT VERITAS

 

Employer identification number

 

 

27-2894856
Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
a (C) 
Name, address, and EIN (if applicable) of disregarded entity Primary actiVity Legal domICIle (state Total income End-of-year assets Direct controlling
or foreign country) entity

 

 

 

 

 

 

 

 

 

 

 

Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more
related tax-exempt organizations during the tax year.

 

 

(C) (9)
Name, address, and EIN of related organization Primary actIVIty Legal domICIle (state Exempt Code section Public charity status Direct controlling Section 512(b)
or foreign country) (if section 501(c)(3)) entity (13) controlled
entity7
Yes No
VERITAS ACTION FUND Education and advocacy NY 501(c)(4) NA No

1214 BOSTON POST ROAD N0148

MAMARONECK, NY 10543
47-1809663

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat No 50135Y

Schedule (Form 990) 2018

Page 2

Schedule (Form 990) 2018
Identification of Related Organizations Taxable as a Partnership Complete if the organization answered ?Yes" on Form 990, Part IV, line 34 because it had

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

one or more related organizations treated as a partnership during the tax year.
(C) (9) (I) 00
Name, address, and EIN of Primary Legal Direct Predominant Share of Share of Disproprtionate Code V-UBI General or Percentage
related organization actIVIty dOm C le controlling income(re ated, total Income end-of-year allocations? amount in box managing ownership
(state entity unrelated, assets 20 of partner?
or excluded from Schedule K-l
forEIgn tax under (Form 1065)
country) sections 512?
514)
Yes No Yes No
Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34
because it had one or more related organizations treated as a corporation or trust during the tax year.
(C) (I)
Name, address, and EIN of Primary actIVIty Legal Direct controlling Type of entity Share of total Share of end?of? Percentage Section 512(b)
related organization d0m C le entity (C corp, corp, Income year ownership (13) controlled
(state or foreign or trust) assets entity?
country) Yes No
Consulting NJ PrOJect Veritas corp 100 000 No

 

(1)Veritas Inc

1214 Boston Post Road
Mamaroneck, NY 10543
27-2650784

 

 

 

 

 

 

 

 

 

 

 

 

Schedule (Form 990) 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule (Form 990) 2018 Page 3
Transactions With Related Organizations Complete if the organization answered ?Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed In Parts II, or IV of this schedule Yes N0
1 During the tax year, did the orgranization engage in any of the fo  0Wing transactions With one or more related organizations listed In Parts 
a Receipt of interest, (ii)annUIties, royalties, or(iv) rent from a controlled entity . 18 N0
Gift, grant, or capital contribution to related organization(s) . 1'3 N0
Gift, grant, or capital contribution from related organization(s) . 1C N0
Loans or loan guarantees to or for related organization(s) 1d N0
Loans or loan guarantees by related organization(s) 1e N0
DiVidends from related organization(s) 1f N0
9 Sale of assets to related organization(s) . 19 N0
Purchase of assets from related organization(s) . 1'1 N0
i Exchange of assets With related organization(s) . 1i N0
Lease of faculties, eqUIpment, or other assets to related organization(s) 1i N0
Lease of faCIlities, eqUIpment, or other assets from related organization(s) . 1k N0
Performance of serVIces or membership or fundraismg SOIICItations for related organization(s) 1' N0
Performance of serVIces or membership or fundraismg by related organization(s) 1m N0
Sharing of faCIlities, eqUIpment, mailing lists, or other assets With related organization(s) . 1n N0
0 Sharing of paid employees With related organization(s) . 10 Yes
Reimbursement paid to related organization(s) for expenses . 1p No
Reimbursement paid by related organization(s) for expenses . 1Cl Yes
Other transfer of cash or property to related organization(s) . 1r No
5 Other transfer of cash or property from related organization(s) . 15 Yes
2 If the answer to any of the above is "Yes," see the instructions for information on Who must complete this line, including covered relationships and transaction thresholds

Name of related organization Transaction Amount involved Method of determining amount involved
type 

VERITAS ACTION FUND 551,981 FMV

VERITAS ACTION FUND 608,394 FMV

(3)Veritas Inc 62,921 FMV

 

 

 

 

 

 

 

Schedule (Form 990) 2018

Schedule (Form 990) 2018

Page 4

 

Unrelated Organizations Taxable as a Partnership Complete if the organization answered ?Yes" on Form 990, Part IV, line 37.

 

Prowde the followmg Information for each entity taxed as a partnership through which the organization conducted more than five percent of its actIVIties (measured by total assets or gross revenue) that
was not a related organization See instructions regarding exclu5ion for certain investment partnerships

 

a
Name, address, and EIN of entity



Primary actiwty

(C)
Legal
domICIle
(state or
foreign
country)


Predominant
income
(related,
unrelated,
excluded from
tax under
sections 512-
514)

(8)

Are all partners
section
501(c)(3)
organizations?

 

Yes No


Share of
total
income

(9)
hare of
end?of?year
assets


Disproprtionate
allocations?

 

Yes No

(I)
Code 
amount in box

of Schedule
K-l
(Form 1065)

(5)

General or

managing
partner?

 

Yes

 

00
Percentage
ownership

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule (Form 990) 2018

Schedule Form 990) 2018 Page 5

 

Supplemental Information

Prowde additional Information for responses to questions on Schedule (see instructions)

 

I Return Reference Explanation

 

 

 

Schedule (Form 990) 2018