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Nonprofiteer
← LOST DEBATE INC

Form 990 for tax year 2022

Filed by LOST DEBATE INC.

Totals

Total revenue
$3,502,215
Total expenses
$3,851,069
Contributions and grants received
$3,502,215
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,899,417
Total liabilities, end of year
$66,625
Net assets or fund balances, end of year
$1,832,792
Program services expenses (Part IX)
$1,014,985
Management and general expenses
$2,725,822
Fundraising expenses
$110,262
Program service expenses (Part III)
$1,014,985

Program services were 26.4% 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

    $3,502,215

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $407,179 · program services $24,431 · management and general $366,461 · fundraising $16,287

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,503,191 · program services $77,268 · management and general $1,372,412 · fundraising $53,511

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $271,243 · program services $14,141 · management and general $245,730 · fundraising $11,372

  • 10 · Payroll taxes

    total $146,335 · program services $6,916 · management and general $135,079 · fundraising $4,340

  • 11a · Fees: management

    total $38,166 · management and general $38,166

  • 11b · Fees: legal

    total $57,115 · management and general $57,115

  • 11c · Fees: accounting

    total $61,439 · management and general $61,439

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $80 · fundraising $80

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $264,587 · program services $122,223 · management and general $132,554 · fundraising $9,810

  • 12 · Advertising and promotion

    total $716,323 · program services $705,351 · management and general $10,972

  • 13 · Office expenses

    total $89,589 · program services $7,128 · management and general $82,411 · fundraising $50

  • 14 · Information technology

    total $76,485 · program services $28,199 · management and general $46,669 · fundraising $1,617

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $144,071 · program services $16,676 · management and general $124,236 · fundraising $3,159

  • 17 · Travel

    total $47,526 · program services $10,759 · management and general $27,857 · fundraising $8,910

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $22,112 · program services $1,264 · management and general $19,888 · fundraising $960

  • 24a · Other expenses: Payroll-Benefits Services

    total $3,866 · program services $208 · management and general $3,509 · fundraising $149

  • 24b · Other expenses: Recruitment

    total $690 · program services $421 · management and general $269

  • 24c · Other expenses: CC Processing Fees

    total $646 · management and general $629 · fundraising $17

  • 24d · Other expenses: Banking Fees

    total $426 · management and general $426

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,181,636 · end of year $1,809,940

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $76,921

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $18,490 · end of year $12,556

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,771 · end of year $66,625

  • 25 · Other liabilities

    beginning of year $9,709

  • 27 · Net assets without donor restrictions

    beginning of year $2,181,646 · end of year $1,832,792

Mission and programs · 2022

Mission

Lost Debate aims to be the first media organization to offer non-partisan and objective news and commentary that is entertaining and educational.

  • Our full slate of programming became operational in 2022. We produced 2,919 pieces of content, our podcast episodes were listened to over 4.2M times, and our social media posts were engaged with over 2.2M times.

    Expenses $1,014,985

As filed on the 2022 return.

Listed in Part VII

  • Ravi Gupta

    CEO

    Total calculated
    $407,179
    From this org
    $379,167
    From related orgs
    $0
    Other
    $28,012
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $379,167
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,250
    Nontaxable benefits
    $12,762
    Filer's total
    $407,179
  • Lucy Biggers

    Executive Producer

    Total calculated
    $151,591
    From this org
    $135,865
    From related orgs
    $0
    Other
    $15,726
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,865
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,076
    Nontaxable benefits
    $11,650
    Filer's total
    $151,591
  • Erikka Schlott

    Host

    Total calculated
    $138,336
    From this org
    $121,474
    From related orgs
    $0
    Other
    $16,862
    Hours/week
    40
  • Michael Hendricks

    Senior Reporter

    Total calculated
    $128,844
    From this org
    $112,041
    From related orgs
    $0
    Other
    $16,803
    Hours/week
    40
  • Cory Bradford

    Producer

    Total calculated
    $120,362
    From this org
    $103,874
    From related orgs
    $0
    Other
    $16,488
    Hours/week
    40
  • Katherine Malekoff

    Chief of Staff

    Total calculated
    $114,538
    From this org
    $105,192
    From related orgs
    $0
    Other
    $9,346
    Hours/week
    40
  • Coss Marte

    Director

    Total calculated
    $0
    Hours/week
    1
  • Stacey Shells Harvey

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Shomik Dutta

    Secretary

    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
2022
Filed
27 October 2023
IRS schema version
2022v5.0
Source object
202303009349301200

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