National Organization for Marriage’s 2010 financial records raise questions
In 2010, the National Organization for Marriage (NOM), a tax-exempt nonprofit trying to thwart the legalization of same-sex marriage throughout the U.S., reported the highest individual donations it has received since its inception in 2007, according to NOM’s most recent income disclosures to the Internal Revenue Service, recently obtained by The American Independent. Per NOM’s numbers, just two individuals contributed more than $6 million to the organization’s political arm – accounting for about two-thirds of NOM’s 2010 revenue, while single donations below $5,000 covered only 8 percent of reported revenue.
This revelation is not extraordinary for NOM, whose existence from the very beginning has been dependent upon large contributions from a small pool of big-money, mostly anonymous donors. But what’s different about this past funding cycle is how much narrower the margin is between $100 contributions and $1 million contributions. And based on NOM’s annual financial reporting to the IRS over the past four years, it appears as though that gap has narrowed over time.
In fiscal year 2009, NOM’s contributions above $5,000 made up about 78 percent of all the contributions received, according to its 2009 Form 990 (PDF). One year later, contributions above $5,000 made up roughly 92 percent of NOM’s contributions, which in turn represented the majority of NOM’s total revenue for that year. The very nature of NOM’s funding structure has made critics chide its self-description as a “grassroots organization.”
full: http://washingtonindependent.com/116452/nom%E2%80%99s-2010-financial-records-raise-questions
