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Nonprofiteer
← LIBERAL PATRIOT INC

Form 990 for tax year 2023

Filed by LIBERAL PATRIOT INC.

Totals

Total revenue
$1,401,000
Total expenses
$900,608
Contributions and grants received
$1,401,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$524,351
Total liabilities, end of year
$23,959
Net assets or fund balances, end of year
$500,392
Program services expenses (Part IX)
$716,647
Management and general expenses
$183,931
Fundraising expenses
$30
Program service expenses (Part III)
$716,647

Program services were 79.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,401,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $523,122 · program services $523,122

  • 10 · Payroll taxes

    total $25,728 · program services $25,728

  • 11b · Fees: legal

    total $19,587 · management and general $19,587

  • 11c · Fees: accounting

    total $135,000 · management and general $135,000

  • 11g · Fees: other

    total $65,791 · program services $57,000 · management and general $8,791

  • 13 · Office expenses

    total $1,002 · management and general $1,002

  • 14 · Information technology

    total $3,467 · management and general $3,437 · fundraising $30

  • 17 · Travel

    total $1,804 · program services $1,739 · management and general $65

  • 23 · Insurance

    total $4,133 · management and general $4,133

  • 24a · Other expenses: OP-ED CONTRIBUTOR FEES

    total $109,058 · program services $109,058

  • 24b · Other expenses: REPRINT PERMISSION

    total $10,176 · management and general $10,176

  • 24c · Other expenses: CONTRIBUTIONS

    total $1,089 · management and general $1,089

  • 24d · Other expenses: TAXES, LICENSES, FEES

    total $651 · management and general $651

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $516,230

  • 9 · Prepaid expenses and deferred charges

    end of year $8,121

  • 17 · Accounts payable and accrued expenses

    end of year $23,959

  • 28 · Net assets with donor restrictions

    end of year $500,392

Mission and programs · 2023

Mission

THE LIBERAL PATRIOT (TLP) IS A DIGITAL NEWSLETTER FOCUSED ON AMERICAN POLITICS AND PUBLIC POLICY. TLP AIMS TO PROVIDE READERS WITH HONEST ANALYSIS AND ORIGINAL COMMENTARY TO HELP ADVANCE A VITAL CENTER PERSPECTIVE IN AMERICAN LIFE.

  • THE LIBERAL PATRIOT NEWSLETTER PUBLISHED ONE TO TWO DAILY EDITIONS 6 DAYS PER WEEK, 50 WEEKS PER YEAR IN 2023. THE ANALYSIS AND COMMENTARY ON U.S. POLITICS AND PUBLIC POLICY WAS SENT TO MORE THAN 30,000 FREE NEWSLETTER SUBSCRIBERS AND WAS VIEWED BY HUNDREDS OF THOUSANDS OF PEOPLE ACROSS ALL PLATFORMS. THE LIBERAL PATRIOT COVERED TOPICS INCLUDING U.S. ECONOMIC AND SOCIAL POLICY, INTERNATIONAL AFFAIRS, PUBLIC OPINION, AND DEVELOPMENTS IN THE U.S. CONGRESS AND EXECUTIVE BRANCH. THE LIBERAL PATRIOT ALSO HOSTED A POLICY CONFERENCE IN PHILADELPHIA WITH EXPERTS COVERING HOUSING AND ENERGY POLICY, EDUCATION, CRIME, AMERICAN VALUES, AND NATIONAL SECURITY THAT WE LATER PUBLISHED AS POLICY REPORTS IN THE NEWSLETTER AND DISTRIBUTED TO THE PUBLIC FOR FREE.

    Expenses $716,647

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Halpin

    PRESIDENT

    Total calculated
    $240,138
    From this org
    $200,000
    From related orgs
    $0
    Other
    $40,138
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,000
    Bonus
    $5,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $40,138
    Filer's total
    $240,138

  • Peter Juul

    TREASURER

    Total calculated
    $178,542
    From this org
    $170,000
    From related orgs
    $0
    Other
    $8,542
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,000
    Bonus
    $5,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $8,542
    Filer's total
    $178,542

  • Ruy Teixeira

    BOARD MEMBER

    Total calculated
    $96,250
    From this org
    $96,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Brian Katulis

    SECRETARY

    Total calculated
    $8,192
    From this org
    $8,192
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • James Carville

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Susan McCue

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202443209349312249

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