Capital & Main
- Assets
- $794.0k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 10
- Location
- Los Angeles, CA
- Founding
- 05/2018
- Data as of
- 12/2021
- EIN
- 81-0895767
Organization Overview
Capital & Main is located in Los Angeles, CA. The organization was established in 2018. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Capital & Main employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital & Main is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Capital & Main generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 20.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRODUCE INVESTIGATIVE REPORTING, NEWS FEATURES, AND ANALYSIS ON ISSUES SUCH AS ECONOMIC INEQUALITY, CLIMATE CHANGE, RENEWABLE ENERGY, HEALTH CARE, AND GOVERNMENT OUTSOURCING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL & MAIN IS A WINNER OF MORE THAN THREE DOZEN JOURNALISM AWARDS, INCLUDING THE ONLINE JOURNALIST OF THE YEAR PRIZE FROM THE SOUTHERN CALIFORNIA JOURNALISM AWARDS AND THE BEST IN THE WEST AWARD. ITS STORIES ARE CO-PUBLISHED IN MORE THAN 30 MEDIA OUTLETS, FROM THE ATLANTIC, TIME REUTERS, THE GUARDIAN, AND FAST COMPANY TO THE AMERICAN PROSPECT, GRIST, SLATE, AND THE DAILY BEAST. WORKING WITH TOP WRITERS, EDITORS, AND VISUAL ARTISTS, CAPITAL & MAIN COVERS INCOME INEQUALITY, CLIMATE CHANGE, THE GREEN ECONOMY, HOUSING, HEALTHCARE, PUBLIC EDUCATION, IMMIGRATION, RACE, AND CRIMINAL JUSTICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danny Feingold Director/executive Director | OfficerTrustee | 48 | $137,128 |
Diana Buckhantz Secretary | OfficerTrustee | 1 | $0 |
Erin Aubry Kaplan Chair | OfficerTrustee | 1 | $0 |
Aaron Dorfman Co-Chair | OfficerTrustee | 1 | $0 |
Harold Meyerson Director | Trustee | 1 | $0 |
Rick Wartzman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,819,655 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,819,655 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,843,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $137,128 |
| Compensation of current officers, directors, key employees. | $12,822 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $608,902 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $164,396 |
| Payroll taxes | $59,074 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,674 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $643,460 |
| Advertising and promotion | $0 |
| Office expenses | $34,355 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,951 |
| Travel | $4,895 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,329 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,164 |
| Insurance | $14,259 |
| All other expenses | $16,042 |
| Total functional expenses | $1,919,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $718,121 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $17,087 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,445 |
| Net Land, buildings, and equipment | $9,515 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,879 |
| Total assets | $794,047 |
| Accounts payable and accrued expenses | $61,335 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $61,335 |
| Net assets without donor restrictions | $287,443 |
| Net assets with donor restrictions | $445,269 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $794,047 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Capital & Main has recieved totaling $939,500.
| Awarding Organization | Amount |
|---|---|
The California Wellness Foundation Los Angeles, CA PURPOSE: FOR CORE OPERATING SUPPORT TO STRENGTHEN MEDIA COVERAGE OF THE INTERSECTION OF HEALTH, WEALTH, AND RACE IN CALIFORNIA. | $250,000 |
James Irvine Foundation San Francisco, CA PURPOSE: TO COVER ECONOMIC INEQUALITY IN CA | $150,000 |
The Schmidt Family Foundation Palo Alto, CA PURPOSE: ENCOURAGING A JUST TRANSITION AWAY FROM FOSSIL FUELS | $100,000 |
Silver Mountain Foundation For The Arts Morristown, NJ PURPOSE: GENERAL PURPOSES - SOCIAL WELFARE | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $62,500 |
Kaphan Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Planetary Society Pasadena, CA | $9,508,979 | $4,905,895 |
Prevention Institute Oakland, CA | $12,910,812 | $7,921,442 |
Society For The Study Of Native Arts & Sciences Berkeley, CA | $8,524,775 | $6,247,781 |
Undercurrent Inc San Rafael, CA | $5,890,053 | $8,348,585 |
Solve Me Cfs Initiative Inc Glendale, CA | $1,880,953 | $2,192,325 |
Unreported Story Society Marina Del Ray, CA | $399,103 | $3,017,560 |
Truthout Sacramento, CA | $881,852 | $2,314,333 |
Heyday Berkeley, CA | $2,111,683 | $2,251,217 |
Capital & Main Los Angeles, CA | $794,047 | $1,843,155 |
University Of California Press Foundation Oakland, CA | $23,332,542 | $983,531 |
Center For Accessible Technology Berkeley, CA | $1,757,069 | $1,896,017 |
Small Press Distribution Inc Berkeley, CA | $663,310 | $1,098,757 |