Maxine Waters — Campaign Finance Summary, 2021-2022 Election Cycle (OpenSecrets)

Summary

OpenSecrets campaign finance summary for Rep. Maxine Waters (D-CA), chairman of the Financial Services Committee, for the 2021-2022 election cycle. Her campaign committee raised $1,243,263, spent $1,362,209 and reported $235,632 cash on hand and $34,043 in debts as of its last report, 12/31/2022. The top contributor listed is McDonalds Francise Owner at $68,000 and the top industry is insurance at $156,500, and PAC contributions made up 55.26% of funds. The page bases its figures on Federal Election Commission data and lists her leadership PAC as People Helping People.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

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Maxine Waters

Summary

Elections

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Campaign Committee Fundraising

Top Contributors

Top Industries

Total Raised vs. Average Raised

Source of Funds

Maxine Waters
Representative (D - CA)

Financial Services, Chairman

First Election

1990

Next Election

2022

TOP INDUSTRY 2021 - 2022

Insurance

$156,500

TOP CONTRIBUTOR 2021 - 2022

McDonalds Francise Owner

$68,000

Campaign Committee Fundraising, 2021 - 2022

Leadership PAC: People Helping People

Raised:

$1,243,263

Spent:

$1,362,209

Cash on hand:

$235,632

Debts:

$34,043

LAST REPORT: 12/31/2022

Top Contributors, 2021 - 2022

Contributor

Total

Individuals

PACs

McDonalds Francise Owner

$68,000

$68,000

$0

Apollo Global Management

$28,100

$28,100

$0

Sv Angel LLC

$11,600

$11,600

$0

Masimo Corp

$10,800

$10,800

$0

Rock Holdings

$10,400

$2,900

$7,500

Top Industries, 2021 - 2022

Industry

Total

Individuals

PACs

Insurance

$156,500

$3,500

$153,000

Securities & Investment

$124,550

$57,150

$67,400

Real Estate

$108,250

$17,250

$91,000

Commercial Banks

$41,950

$9,950

$32,000

Lawyers/Law Firms

$41,285

$25,585

$15,700

Total Raised vs. Average Raised

Source of Funds (Campaign Committee), 2021 - 2022

PAC Contributions*: 55.26%

Large Individual Contributions: 40.49%

Other: 3.11%

Small Individual Contributions (< $200): 1.12%

Candidate self-financing: 0.00%

PAC Contributions*

$687,140

55.26%

Large Individual Contributions

$503,499

40.49%

Other

$38,700

3.11%

Small Individual Contributions (< $200)

$13,924

1.12%

Candidate self-financing

$0

0.00%

*Includes contributions from other candidate committees.

NOTE: All the numbers on this page are for the 2021 - 2022
election cycle and based on Federal Election Commission data released
electronically on 04/18/23 for Fundraising totals,
Source of Funds and Total Raised vs Average, and on 08/01/23 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 for federal officeholders - 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 for state and federal officeholders are derived from contribution records disclosed in campaign finance
reports from the FEC or state campaign finance agencies that reach applicable itemization thresholds.

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. Data for
state officeholders may be subject to longer time lags, as OpenSecrets aggregates this information from many sources
and formats.

HOW CURRENT ARE THESE FIGURES?

The figures in federal profiles are taken from databases uploaded by the FEC 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).

OpenSecrets updates federal 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 - are updated by OpenSecrets
after the 20th of every month. This gives us time to analyze the contributions and categorize them by industry and
interest group.

The lag times vary for state officeholder data. OpenSecrets aggregates state data from many sources and formats.

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

Corporations themselves cannot donate to candidates at the federal level but federal candidates can get
contributions from corporate PACs, employees and owners as well as their immediate families. At the state level,
corporations and unions can give directly to campaigns in many jurisdictions.

Under federal law, all contributions over $200 must be itemized and the donor's occupation and employer must be
requested and disclosed, if provided. State requirements related to itemization thresholds and employment
disclosures vary.

Where available, OpenSecrets 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 Contributors list.

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 and many states have mandated that candidates, political
parties and political committees request employer information from contributors and publicly report it when the
contributor provides it.

In some cases, a cluster of contributions from people associated with the same organization may indicate a
concerted effort by that organization to "bundle" contributions to the candidate. In other cases, 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 candidates are getting their financial support. Knowing those groups is also
useful after the election, as issues come before Congress, presidential administrations and state governments that
may affect those organizations or their industries.

METHODOLOGY

Corporations themselves cannot donate to candidates at the federal level but federal candidates can get
contributions from corporate PACs, employees and owners as well as their immediate families. At the state level,
corporations and unions can give directly to campaigns in many jurisdictions.

Donors who give more than $200 to any federal candidate, PAC or party committee must list their occupation and
employer. State requirements related to itemization thresholds and employment disclosures vary. Based on the
available information, the donor is given an economic code. These totals are conservative, as not all of the
individual contributions have yet been classified by OpenSecrets.

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," OpenSecrets 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 OpenSecrets. For permission to reprint for commercial uses,
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