Action Now Initiative
Action Now Initiative | |
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Basic facts | |
Location: | Houston, Texas |
Type: | 501(c)(4) |
Founder(s): | John and Laura Arnold |
Website: | Official website |
The Action Now Initiative is a 501(c)(4) organization based in Houston, Texas. John Arnold and Laura Arnold founded Action Now Initiative in 2011. The organization has supported various political causes, including changes to pension, criminal justice, and education policies; ranked-choice voting; and independent redistricting commissions.
Background
John and Laura Arnold
John Arnold was a hedge fund manager at his own firm, Centaurus Advisors. He began the firm in 2002, after his former employer, Enron, went bankrupt. Arnold retired in 2012 at the age of 38.[1] Laura Arnold was a lawyer before working on philanthropic activities full time. She said, "Having achieved financial success early in our lives, we had the enormous privilege of making this mission our full-time job." According to Forbes, John and Laura Arnold had a net worth of $3.3 billion in 2019.[2] John and Laura Arnold founded Action Now Initiative in 2011.
Efforts
Action Now Initiative has funded research and campaigns related to public pensions, nutrition, soda taxes, redistricting policies, ranked-choice voting, education, healthcare, and criminal justice.[3][4][5][6][7][8][9]
Political activity
Ballot measure activity
Overview of ballot measure support and opposition
The following table details the Action Now Initiative’s ballot measure stances available on Ballotpedia:
Finances
The following is a breakdown of Action Now Initiative's revenues and expenses as submitted to the IRS for the 2012 to 2017 fiscal years:
Annual revenue and expenses for Action Now Initiative, 2012–2017 | ||
Tax Year | Total Revenue | Total Expenses |
2017[27] | $5,650,000 | $5,589,049 |
2016[28] | $13,700,000 | $13,638,064 |
2015[29] | $9,975,000 | $9,582,646 |
2014[29] | $9,425,000 | $9,472,406 |
2013[30] | $2,940,081 | $5,028,979 |
2012[31] | $4,463,654 | $2,260,750 |
Tax status
The Action Now Initiative is a 501(c)(4) tax-exempt nonprofit organization. Its 501(c) status refers to a section of the U.S. federal income tax code concerning social welfare organizations.[32] Organizations that have been granted 501(c)(4) status by the Internal Revenue Service are exempt from federal income tax.[33] Section 501(c) of the U.S. tax code has 29 sections listing specific conditions particular organizations must meet in order to be considered tax-exempt under the section. Unlike 501(c)(3) organizations, however, donations to 501(c)(4) organizations are not tax-deductible for the individual or corporation making the contribution. 501(c)(4) organizations may engage in political lobbying and political campaign activities. This includes donations to political committees that support or oppose ballot measures, bond issues, recalls, or referenda.
- See also: 501(c)(4) organizations on Ballotpedia
Recent news
The link below is to the most recent stories in a Google news search for the terms 'Action Now Initiative'. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.
See also
External links
Footnotes
- ↑ Fortune, "When a billionaire trader loses his edge," May 4, 2012
- ↑ Business Insider, "Meet Laura Arnold, the billionaire philanthropist taking on the parole system with Jay-Z and Meek Mill," August 18, 2019
- ↑ Wall Street Journal, "Nonprofits Caught in Pension Crossfire Between Foundation, Unions," April 14, 2014
- ↑ Philanthropy Roundtable, "Solving the $2 Trillion Problem," accessed November 25, 2019
- ↑ Politico, "War over soda taxes coming to a polling place near you," November 29, 2015
- ↑ Politico, "The money behind the fight over healthy eating," October 7, 2015
- ↑ Philadelphia Magazine, "The Beverage Lobby Spent $10.6 Million to Kill the Soda Tax — and Failed," August 2, 2016
- ↑ The Atlantic, "Zuckerberg, Soros, and Steyer Spend Millions on Out-of-State Ballot Initiatives," October 18, 2018
- ↑ Stat News, "How a billionaire couple greased the skids for Nancy Pelosi’s drug pricing bill," November 26, 2019
- ↑ Alaska Public Offices Commission, "Alaskans for Better Elections Third Quartly Report 2019," October 10, 2019
- ↑ Cal-Access, "End Predatory & Unfair Money Bail Late Contribution Report," January 15, 2020
- ↑ Cal-Access, "Ranked Choice Voting 2020 Committee," accessed July 16, 2020
- ↑ Missouri Ethics Commission, "Clean Missouri," accessed July 16, 2020
- ↑ New York State Board of Elections, "Committee for Ranked Choice Voting NYC, Inc.," accessed October 8, 2019
- ↑ 15.0 15.1 Colorado TRACER, "Action Now Initiative," accessed November 25, 2019
- ↑ Florida Department of Elections, "Yes on 11," accessed November 25, 2019
- ↑ Maine Commission on Government Ethics and Election Practices, "Ballot Questions," accessed January 18, 2018
- ↑ Michigan Secretary of State, "Voters Not Politicians Ballot Committee BQC," accessed December 13, 2017
- ↑ Missouri Ethics Commission, "Action Now Initiative," accessed November 25, 2019
- ↑ Oregon Secretary of State, "Action Now Initiative," accessed November 25, 2019
- ↑ Utah Lieutenant Governor's Office, "Utahns for Responsive Government," accessed January 10, 2019
- ↑ Washington Public Disclosure Committee, "Clean Air Clean Energy WA, 2018," accessed November 25, 2019
- ↑ Arizona Secretary of State, "Action Now Initiative," accessed November 25, 2019
- ↑ Georgia Government Transparency and Campaign Finance Commission, "Action Now Initiative," accessed November 25, 2019
- ↑ Maine Commission on Government Ethics and Election Practices, "Ballot Questions," accessed July 19, 2016
- ↑ San Francisco Ethics Commission,"Campaign Finance Dashboards - June 7, 2016 and November 8, 2016 Elections - Total Contributions and Contributors," accessed October 23, 2016
- ↑ GuideStar, "Action Now Initiative IRS Form 990 (2017)," accessed November 25, 2019
- ↑ GuideStar, "Action Now Initiative IRS Form 990 (2016)," accessed November 25, 2019
- ↑ 29.0 29.1 GuideStar, "Action Now Initiative IRS Form 990 (2015)," accessed November 25, 2019
- ↑ Action Now Initiative, "Action Now Initiative IRS Form 990 (2013)," accessed September 7, 2016
- ↑ Action Now Initiative, "Action Now Initiative IRS Form 990 (2012)," accessed September 7, 2016
- ↑ Internal Revenue Service, "IRC 501(c)(4) Organizations," accessed July 10, 2014
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