Maxine Waters, US Congress, Summary (OpenSecrets)

Summary

An OpenSecrets campaign finance summary page for Rep. Maxine Waters, Representative (D - CA) for California District 43, covering the 2019 - 2020 election cycle. It reports that the campaign committee raised $1,822,070, spent $1,881,097 and had $333,137 cash on hand and $170,884 in debts, with a last report dated November 23, 2020. Top contributors listed include Paul, Weiss et al at $107,200 and Votesane PAC at $72,000, and top industries include Insurance at $217,922 and Lawyers/Law Firms at $195,654. PAC contributions account for 46.82% of the committee's funds, and the page explains that its figures are based on Federal Election Commission data.

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Rep. Maxine Waters - California District 43

Maxine Waters

Representative (D - CA)

- Financial Services, Chairman

First Election:

1990

Next Election:

2020

TOP INDUSTRIES 2019 - 2020

Insurance

$217,922

Lawyers/Law Firms

$195,654

TOP CONTRIBUTORS 2019 - 2020

Paul, Weiss et al

$107,200

Votesane PAC

$72,000

Campaign Committee Fundraising, 2019 - 2020

Raised: | $1,822,070
Spent: | $1,881,097
Cash on hand: | $333,137
Debts: | $170,884

LAST REPORT: 11/23/2020

Top Contributors, 2019 - 2020

Contributor | Total | Individuals | PACs
Paul, Weiss et al | $107,200 | $107,200 | $0
Votesane PAC | $72,000 | $72,000 | $0
Apollo Global Management | $23,805 | $23,805 | $0
Rock Holdings | $21,300 | $16,300 | $5,000
Law Office of Eric M Kamerath | $16,400 | $16,400 | $0

Top Industries, 2019 - 2020

Industry | Total | Individuals | PACs
Insurance | $217,922 | $6,422 | $211,500
Lawyers/Law Firms | $195,654 | $155,155 | $40,499
Securities & Investment | $125,765 | $46,265 | $79,500
Real Estate | $113,681 | $43,181 | $70,500
Misc Issues | $73,000 | $73,000 | $0

Total Raised vs. Average Raised

Source of Funds (Campaign Committee), 2019 - 2020

PAC Contributions*: 46.82%

Large Individual Contributions: 30.40%

Other: 19.86%

Small Individual Contributions (< $200): 2.91%

Candidate self-financing: 0.00%

PAC Contributions* | $853,201 | 46.82%
Large Individual Contributions | $553,859 | 30.40%
Other | $361,942 | 19.86%
Small Individual Contributions (< $200) | $53,068 | 2.91%
Candidate self-financing | $0 | 0.00%

*Includes contributions from other candidate committees.

NOTE: All the numbers on this page are for the 2019 - 2020
 election cycle and based on Federal Election Commission data released
 electronically on 01/10/21 for Fundraising totals,
 Source of Funds and Total Raised vs Average, and on 12/04/20 for
 Top Contributors and Industries. ("Help! The numbers don't add up...")

WHY DON'T THE NUMBERS ADD UP? Sometimes it's hard to make apple-to-apple comparisons across some of the pages in a candidate's
 profile. Here's why: Summary numbers - specifically "Total Raised and Spent" and "PAC/Individual Split" - are
 based on summary reports filed by the candidates with the Federal Election Commission. All other numbers in
 these profiles ("Quality of Disclosure," "Geography" and "Special Interests") are derived from detailed FEC
 reports that itemize all contributions of $200 or more. There is also a time lag in posting the information. While summary numbers are reported almost
 immediately by the FEC -- and listed quickly on OpenSecrets -- processing and analyzing the detailed records
 takes much longer. For that reason, summary numbers are usually higher (and more current) than the numbers based
 on detailed records. HOW CURRENT ARE THESE FIGURES? The figures in these profiles are taken from databases uploaded by the FEC to the internet on
 the first day of every month. Those databases are only as current as the FEC has been able to compile by that
 date (see the note above about lag times for data entry). The Center updates figures for "Total Raised and Spent" and for "PAC/Individual Split" a few
 days after the first of the month. The remaining figures - based on detailed contribution data - is updated
 by the Center after the 20th of every month. This gives us time to analyze the contributions and categorize
 them by industry and interest group.

The organizations themselves did not
 donate , rather the money came from the organizations' PACs,
 their individual members or employees or owners, and those individuals'
 immediate families. Organization totals include subsidiaries and affiliates.

Why (and How)
 We Use Donors' Employer/Occupation Information

The organizations listed as "Top Contributors" reached this list for one
 of two reasons: either they gave through a political action committee sponsored by the
 organization, or individuals connected with the organization contributed directly to the
 candidate. Under federal law, all contributions over $200 must be itemized and the
 donor's occupation and employer must be requested and disclosed, if provided. The Center
 uses that employer/occupation information to identify the donor's economic interest. We
 do this in two ways: First, we apply a code to the contribution, identifying the industry.
 Totals for industries (and larger economic sectors) can be seen in each candidate and
 race profile, and in the Industry Profile section of the OpenSecrets website. Second, we standardize the name of the donor's employer. If enough
 contributions came in from people connected with that same employer, the organization's
 name winds up on the Top Contributor list. Of course, it is impossible to know either the economic interest that made
 each individual contribution possible or the motivation for each individual giver.
 However, the patterns of contributions provide critical information for voters, researchers
 and others. That is why Congress mandated that candidates and political parties request
 employer information from contributors and publicly report it when the contributor provides it. In some cases, a cluster of contributions from the same organization may indicate
 a concerted effort by that organization to "bundle" contributions to the candidate. In other
 cases—both with private companies and with government agencies, non-profits and educational
 institutions—the reason for the contributions may be completely unrelated to the organization. Showing these clusters of contributions from people associated with particular
 organizations provides a valuable—and unique—way of understanding where a candidate is
 getting his or her financial support. Knowing those groups is also useful after the election,
 as issues come before Congress and the administration that may affect those organizations and
 their industries.

METHODOLOGY

The figures profiled here include money from two sources: These contributors were
 either the sponsors of a PAC that gave to the politician, or they were listed as an individual
 donor's employer. Donors who give more than $200 to any
 federal candidate, PAC or party committee must list their occupation and
 employer. Based on that information, the donor is given an economic code. These totals are conservative,
 as not all of the individual contributions have yet
 been classified by the Center. In cases where two or more people from the same family contributed, the income-earner's
 occupation/employer is assigned to all non-wage earning family members. If, for instance, Henry Jones
 lists his employer as First National Bank, his wife Matilda lists "Homemaker" and 12-year old Tammy
 shows up as "Student," the Center would identify all their contributions as being related to the
 "First National Bank" since that's the source of the family's income. Although individual contributions are generally categorized based on the donor's
 occupation/employer, in some cases individuals may be classified instead as ideological donors.
 A contribution to a candidate may be given an ideological code, rather than an economic code, if
 the contributor gives to an ideological political action committee AND the candidate has received
 money from PACs representing that same ideological interest.

Feel free to distribute or cite this material, but please credit the
 Center for Responsive Politics. For permission to reprint for commercial uses,
 such as textbooks, contact the Center: info[at]crp.org

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Event data provided by: politicalpartytime.org

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