Capital & Main

Capital & Main is a left-of-center nonprofit media organization that reports on environmental, economic, social, and labor issues. 1

At-A-Glance

Formation:

2013

Founder:

Danny Feingold

Location: Los Angeles, CA View on map
Tax ID: 81-0895767
Most Recent Filing: 2024
Budget (2024): Assets: $2,647,885 Revenue: $3,630,324 Expenses: $3,052,324

Contents

    During the 2024 presidential election, Capital & Main launched a “Making America Hate Again” video series that accused President Donald Trump of perpetuating white supremacy, having white supremacist advisors, and promoting policies influenced by white supremacy. 2 In October 2024, Capital & Main spent between $9,500 and $11,000 promoting its “Make America Hate Again” videos on Facebook and Instagram, resulting in between 700,000 and 825,000 impressions. 3

    Programs

    “Making America Hate Again”

    In opposition to Donald Trump’s candidacy in the 2024 presidential election, Capital & Main launched a “Making America Hate Again” video series that associated alleged increases in white supremacy with Trump’s presidency, arguing that prospective Trump administration leaders were white supremacists. It also claimed that election integrity efforts were white supremacist in nature. 2

    The first video in the three-part series argued that “Trump radically changed mainstream politics or at least right-wing politics” and “gave permission” to white supremacists to create a political environment that resulted in an increase in hate crimes, political violence, and domestic terrorism. It argued that top first Trump administration advisors like Steve Bannon and Stephen Miller are white supremacists and that Miller’s immigration policies were “xenophobic” and “race-driven.” 2

    The second video in the series condemned election integrity laws, claiming they “disproportionately impact non-white, elderly, and disabled” individuals and comparing the laws to Jim Crow era discriminatory policies. It also criticized efforts to prevent “foreign interference” in elections, prevent “voter fraud” through voter roll purges, instituting voter identification laws, and requiring proof of citizenship during voter registration. 2

    The third video in the series argued: 2

    At least a dozen officials and advisors with ties to white supremacist groups or ideologies had formal roles in his administration. Some of these figures have promoted the racial superiority of white people, helped shape national policies, and could return to positions of power if Trump is elected to a second term.

    The video also named Trump advisors who are members of the immigration-restrictionist advocacy groups Federation for American Immigration Reform and the Center for Immigration Studies, stating that they are designated as hate groups by the Southern Poverty Law Center, to support the claim that “key figures” of the Trump administration are associated with white supremacist organizations. 2

    “Class War”

    “Class War” is a Capital & Main special series that covers school board and state policies that ban books, limit the teaching of critical race theory (CRT), and affect transgender issues. 4

    In March 2024 under the “Class War” series, Capital & Main published an article outlining how a pastor named Tim Thompson allegedly “stoke[d] the culture wars” by opposing left-of-center influences at a Temecula Valley Unified School District meeting. The article accused Thompson of funding “far-right” school board candidates as they promoted policies such as banning critical race theory, banning pro-LGBT books, banning LGBT pride and Black Lives Matter flags, and requiring school staff to notify parents of official changes to a child’s gender identity. Additionally, it opposed Thompson’s actions due to previous comments condemning the school system for teaching students about gender identity and queer-theory-aligned concepts of a “gender spectrum.” The article also argued Thompson physically resembled a white supremacist, noting that he was a “trim white man with a shaved head,” and associated him with acts of racial violence in the town’s history with which he had no known relationship. 5

    “The Slick”

    “The Slick” is a Capital & Main special series that reports on the activities of conventional energy companies to criticize energy production and use while accusing it of “driving climate change.” The series criticizes conventional energy companies for their lobbying activities and funding of policy advocacy and political candidates, and it advocates for environmental issues that allegedly arise during conventional production. 6

    In September 2025 under “The Slick” series, Capital & Main published an article reporting on the Pennsylvania Energy Development Authority alongside 60 other state agencies, nonprofits, and Native American tribes that received a letter from the U.S. Environmental Protection Agency (EPA) notifying them their Solar for All funding was terminated. The funding was established under the Biden administration-backed Inflation Reduction Act, but because it was unused, the funding was rescinded under the Trump administration’s One Big Beautiful Bill Act. The article details Democratic leadership and environmentalist activists criticizing rescinding funding as “illegal” and as inhibiting the public funding of weather-dependent energy projects. 7

    Funding

    Capital & Main publishes a list of donors that have given over $5,000 over the previous 12 months. As of October 2025, notable donors included several American Federation of State, County and Municipal Employees (AFSCME) affiliates, the American Federation of Teachers (AFT), Blue Shield of California Foundation, Democracy Alliance, the National Education Association, the National Union of Healthcare Workers, Service Employees International Union (SEIU), and the Weingart Foundation. 8

    In 2024, the Ford Foundation announced a $150,000 grant to Capital & Main to fund its labor reporting. 9

    Leadership

    Danny Feingold is the founder and publisher of Capital & Main. Feingold is a journalist that began his career with the Los Angeles-based Village View as a politics and managing editor before later writing for the Los Angeles Times, the San Francisco Chronicle, and Los Angeles Magazine. He has also worked as a communications director for Los Angeles Alliance for a New Economy. 10

    As of 2025, members of Capital & Main’s advisory board included Daniel Fleming, president of the Economic Roundtable; Ning Mosberger-Tang, founder and president of 1.5 Degrees Climate Strategies Group; Manuel Pastor, director of the University of Southern California’s Equity Research Institute; Steven Pitts, associate chair emeritus of the UC Berkeley Labor Center; Robert Reich, former U.S. Labor Secretary under Bill Clinton; and Dorian Warren, co-president of Community Change. 11

    Financials

    In 2023, Capital & Main reported $3.1 million in total revenue. 12 It also reported $2.6 million in total expenses, including $771,831 in consulting fees listed under its program service expenses and $1.2 million in salaries and compensation of employees. 13 14

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2024 $2,647,885 $3,630,324 $3,052,324 View
    2023 $2,220,902 $3,162,960 $2,688,750 View
    2022 $1,899,295 $3,066,722 $2,364,828 View
    2021 $794,047 $1,843,155 $1,919,365 View
    2020 $870,159 $2,097,246 $1,550,660 View

    Prior year filings: 2019, 2018, 2017, 2016

    Revenue Detail

    Expenses Detail

    Employee Compensation

    • Number of Employees: 14

    Highest Earning Employees

    EmployeeTitleTotal Compensation
    Danny FeingoldPUBLISHER/EXECUTIVE DIRECTOR$179,333
    Peter HongEDITOR-IN-CHIEF$153,000
    Jessica GoodheartEDITOR-IN-CHIEF$122,700
    Deborah YoungMANAGING EDITOR$104,500
    Carlo M Amador ZellerbachCREATIVE DIRECTOR AND MULTIMEDIA EDITOR$100,742
    Rubit OrozcoFINANCE AND ADMIN DIRECTOR$93,667

    Grant Activity

    All-time grants received statistics from Candid dataset:

    • Total Grant Value: $9,440,732
    • Number of Grants: 152
    • Number of Funders: 60

    Selection of highest value grants received from the last seven years:

    AmountYearFunderSubject
    $500,0002024 John D. and Catherine T. MacArthur FoundationIn support of general operations.
    $500,0002024 The James Irvine FoundationTo broaden media coverage on the economic challenges facing millions of Californians, with a focus on communities of color.
    $500,0002022 The James Irvine FoundationTo broaden media coverage on the economic challenges facing millions of Californians, with a focus on communities of color.
    $300,0002024 The California Wellness FoundationCORE OPERATING SUPPORT
    $300,0002023 Mckay Family Foundation IncDONATION TO THE ORGANIZATION'S GENERAL FUND TO FURTHER ITS MISSIONS TO SUPPORT INVESTIGATIVE JOURNALISM.
    $300,0002020 The James Irvine FoundationTo support Capital & Main's coverage of economic inequality in California.
    $250,0002021 The California Wellness FoundationFOR CORE OPERATING SUPPORT TO STRENGTHEN MEDIA COVERAGE OF THE INTERSECTION OF HEALTH, WEALTH, AND RACE IN CALIFORNIA.
    $172,5002024 Amalgamated Charitable Foundation IncGeneral operating support
    $150,0002024 The Ford FoundationCore support to Capital & Main's labor reporting project to lift up stories of working people into the mainstream
    $150,0002024 The California EndowmentTo gain greater public awareness through online media reports on the intersection of health and racial equity in California and show how increased economic security can lead to improvements in the health of the individuals, neighborhoods and communities most impacted by systemic disparities.
    $150,0002022 Mckay Family Foundation IncDONATION TO THE ORGANIZATION'S GENERAL FUND TO FURTHER ITS MISSIONS.
    $125,0002024 Wellspring Philanthropic FundEXPANDING ECONOMIC OPPORTUNITY
    $125,0002023 The Schmidt Family FoundationEncouraging a just transition away from fossil fuels
    $125,0002023 Wellspring Philanthropic FundSUPPORT FOR THE WORKER POWER REPORTING PROJECT
    $125,0002022 The Schmidt Family FoundationEncouraging a just transition away from fossil fuels
    $125,0002020 The Schmidt Family FoundationEncouraging a just transition away from fossil fuels
    $125,0002020 Mckay Family Foundation IncDONATION TO THE ORGANIZATION'S GENERAL FUND TO FURTHER ITS MISSIONS.
    $107,0032024 Kaphan FoundationGENERAL SUPPORT
    $105,9322023 Kaphan FoundationGENERAL SUPPORT
    $103,2842022 Kaphan FoundationGENERAL SUPPORT
    $103,0002024 National Education Association of the United StatesELEVATING THE PROFESSION
    $100,0002024 The Heising-Simons Foundationfor oil and gas reporting in the U.S.
    $100,0002023 Blue Shield of California FoundationCOVERING ECONOMIC INEQUALITY IN CALIFORNIA
    $100,0002022 The Heising-Simons Foundationto support reporting on the oil and gas industry
    $100,0002021 Silver Mountain Foundation for the ArtsGENERAL PURPOSES – Social Welfare

    References

    1. “Special Series.” Capital & Main. Accessed October 19, 2025. https://capitalandmain.com/special-series.
    2. “Making America Hate Again.” Capital & Main. Accessed October 20, 2025. https://capitalandmain.com/making-america-hate-again-series.
    3. Facebook Ad Library Search. “Capital & Main.” Accessed October 20, 2025. https://www.facebook.com/ads/library/.
    4. “Class War: The Culture Clash Tearing at Our Schools.” Capital & Main. Accessed October 20, 2025. https://capitalandmain.com/class-war-series.
    5. Cerise, Castle. “‘This Is Our Watch Now:’ The Pastor Guiding Conservatives to Southern California School Boards.” Capital & Main. March 8, 2024. https://capitalandmain.com/this-is-our-watch-now-the-pastor-guiding-conservatives-to-southern-california-school-boards.
    6. “The $lick: Oil, Politics, and Climate change.” Capital & Main. Accessed October 20, 2025. https://capitalandmain.com/theslick.
    7. Carleton, Audrey. “Is the Sun Setting on Pennsylvania’s Solar Future?” Capital & Main. September 29, 2025. https://capitalandmain.com/is-the-sun-setting-on-pennsylvanias-solar-future.
    8. “Donor Disclosure.” Capital & Main. Accessed October 19, 2025. https://capitalandmain.com/donor-disclosure.
    9. “Core support to Capital & Main’s labor reporting project to lift up stories of working people into the mainstream.” Ford Foundation. Accessed October 19, 2025. https://www.fordfoundation.org/work/our-grants/awarded-grants/grants-database/capital-main-150525/.
    10. “Out Staff.” Capital & Main. Accessed October 19, 2025. https://capitalandmain.com/our-staff.
    11. “Advisory Board.” Capital & Main. Accessed October 19, 2025. https://capitalandmain.com/advisory-board.
    12. Return of Organization Exempt from Income Tax (Form 990). Capital & Main. 2023. Part I, Line 12.
    13. Return of Organization Exempt from Income Tax (Form 990). Capital & Main. 2023. Schedule O.
    14. Return of Organization Exempt from Income Tax (Form 990). Capital & Main. 2023. Part I, Lines 15-18.