My last post on Conservative, Inc. detailed the net assets that institutions such as YAF possess. What I didn’t reveal was the annual revenue of some of these organizations. I also forgot to highlight another right wing institution that has a ton of money, but flies under the radar (America’s Future Foundation). By the way, this website ought to help anyone who is researching the right-wing/Conservative, Inc. They have a way to export data into excel so you can track individual donors!
This time, I wont bother to break down organizational expenses on items such as salaries. What is important is knowing that people who control millions of dollars are powerful and influential.
|Entity||“net” Assets||Annual Revenue|
|Institute for Humane Studies||$7 million in assets||approximately $18 million|
|CATO||$81 million in assets||Over $ 36 million in 2017|
|Mercatus||$19 million in assets||over $29 million in 2017|
|AFP||$12 million||Over $ 57 million in 2017|
|AFP Foundation||Nearly $ 5 million||Over $ 17 million 2017|
|Federalist Society||over $25 million in assets||Over $ 20 million|
|Judicial Crisis Network||$100,000||Over $ 25 million 2016|
|YAF||Nearly $70 million in assets||$ 20-30 million/year|
|ACU||In debt||Over $ 9 million|
|Heritage Foundation||over $265 million in assets.||Over $ 82 million 2017|
|Media Research Center||($14 million in assets)||Over $ 14 million 2017|
|Turning Point USA||$ 1.3 million||$ 8 million 2017|
|Turning Point Endowment||$ 1.8 million 2017|
|AFF||Less than $ 1 milllion||$ 1 million|
|Leadership Institute||$23 million in assets||$ 15 million a year|
|OVER $ 523 Million||OVER $ 362 Million|
The board members and executives of these foundations have the power of the purse for an entire movement/ideology, and use that power to serve the interests of their board members. Quite frankly, the executive staff of these institutions are mostly puppets themselves.
If you spend even a short amount of time looking at 990’s for these groups, you will see that they all give money to each other. Transferring funds makes the point of origin unidentifiable. There is also a highly technical and legal way for money to move in and out of funds dedicated to partisan political activity (outside of “speaking fees” provided by groups such as YAF when candidates aren’t technically campaigning).
New to this chart is America’s Future Foundation. It is a hub organization, with ties to Koch, IHS, and YAF. Its executives and senior staff have cross-pollinated at cooperating institution. Think of them as a recruiter of talent for other nonprofits. Oh and AFF is partners with ALEC, which writes most of the legislation introduced in State Legislatures across the nation.