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Nonprofiteer
← TEXAS TRIBUNE INC

Form 990 for tax year 2024

Filed by TEXAS TRIBUNE INC.

Totals

Total revenue
$15,254,488
Total expenses
$14,746,711
Contributions and grants received
$13,623,338
Grants paid
$0
Program service revenue
$1,233,199
Investment income
$386,885
Other revenue
$11,066
Total assets, end of year
$12,934,399
Total liabilities, end of year
$2,451,705
Net assets or fund balances, end of year
$10,482,694
Program services expenses (Part IX)
$11,309,377
Management and general expenses
$1,630,643
Fundraising expenses
$1,806,691
Program service expenses (Part III)
$11,309,377

Program services were 76.7% 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.

  • 1b · Membership dues

    $1,708,556

  • 1c · Fundraising events

    $69,025

  • 1f · All other contributions, gifts and grants

    $11,845,757

  • 1g · Noncash contributions included above

    $14,573

  • 2a · Program service revenue: FESTIVAL TICKET SALES

    total $657,166 · related or exempt $657,166

  • 2b · Program service revenue: CONTENT LICENSING

    total $419,044 · related or exempt $419,044

  • 2c · Program service revenue: SUBSCRIPTIONS

    total $127,239 · related or exempt $127,239

  • 2d · Program service revenue: ADVERTISING

    total $29,750 · unrelated business $29,750

  • 3 · Investment income

    total $386,885 · excluded $386,885

  • 8a · Fundraising events: gross income

    $12,612

  • 8a · Fundraising events: contributions included on line 1c

    $69,025

  • 8b · Fundraising events: direct expenses

    $113,168

  • 8c · Net income from fundraising events

    total -$100,556 · excluded -$100,556

  • 11a · Other revenue: OTHER REVENUE

    total $111,622 · related or exempt $111,622

  • 11e · Other revenue, total

    $111,622

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $582,644 · program services $445,265 · management and general $72,958 · fundraising $64,421

  • 7 · Other salaries and wages

    total $7,455,882 · program services $5,697,895 · management and general $933,617 · fundraising $824,370

  • 8 · Pension plan contributions

    total $118,337 · program services $90,435 · management and general $14,818 · fundraising $13,084

  • 9 · Other employee benefits

    total $560,923 · program services $428,666 · management and general $70,238 · fundraising $62,019

  • 10 · Payroll taxes

    total $568,597 · program services $434,530 · management and general $71,199 · fundraising $62,868

  • 11b · Fees: legal

    total $378,026 · program services $280,991 · management and general $59,190 · fundraising $37,845

  • 11c · Fees: accounting

    total $36,500 · program services $27,131 · management and general $5,715 · fundraising $3,654

  • 11g · Fees: other

    total $1,117,969 · program services $938,195 · management and general $101,864 · fundraising $77,910

  • 13 · Office expenses

    total $274,543 · program services $204,070 · management and general $42,987 · fundraising $27,486

  • 14 · Information technology

    total $219,298 · program services $163,006 · management and general $34,338 · fundraising $21,954

  • 16 · Occupancy

    total $888,800 · program services $660,653 · management and general $139,167 · fundraising $88,980

  • 17 · Travel

    total $321,641 · program services $239,079 · management and general $50,362 · fundraising $32,200

  • 19 · Conferences, conventions and meetings

    total $43,586 · program services $32,397 · management and general $6,825 · fundraising $4,364

  • 22 · Depreciation, depletion and amortization

    total $113,464 · program services $84,339 · management and general $17,766 · fundraising $11,359

  • 24a · Other expenses: EVENT PRODUCTION

    total $1,105,112 · program services $946,243 · management and general $0 · fundraising $158,869

  • 24b · Other expenses: SUB GRANT EXPENSE

    total $625,000 · program services $625,000 · management and general $0 · fundraising $0

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $320,941 · program services $0 · management and general $8,003 · fundraising $312,938

  • 24d · Other expenses: IN KIND EXPENSES

    total $14,573 · program services $10,832 · management and general $1,459 · fundraising $2,282

  • 24e · All other expenses

    total $875 · program services $650 · management and general $137 · fundraising $88

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,617,498 · end of year $321,912

  • 2 · Savings and temporary cash investments

    beginning of year $1,458 · end of year $7,316,770

  • 3 · Pledges and grants receivable

    beginning of year $5,687,029 · end of year $3,343,437

  • 9 · Prepaid expenses and deferred charges

    beginning of year $197,182 · end of year $310,474

  • 10a · Land, buildings and equipment: cost or other basis

    $886,461

  • 10b · Land, buildings and equipment: accumulated depreciation

    $669,645

  • 10c · Land, buildings and equipment, net

    beginning of year $327,381 · end of year $216,816

  • 15 · Other assets

    beginning of year $1,762,338 · end of year $1,424,990

  • 17 · Accounts payable and accrued expenses

    beginning of year $603,514 · end of year $838,571

  • 19 · Deferred revenue

    beginning of year $163,145 · end of year $123,307

  • 25 · Other liabilities

    beginning of year $1,851,310 · end of year $1,489,827

  • 27 · Net assets without donor restrictions

    beginning of year $4,488,908 · end of year $4,873,764

  • 28 · Net assets with donor restrictions

    beginning of year $5,486,009 · end of year $5,608,930

Mission and programs · 2024

Mission

THE TEXAS TRIBUNE PROMOTES CIVIC ENGAGEMENT AND PUBLIC EDUCATION ACROSS THE STATE BY PRODUCING AND SHARING FOR FREE PUBLIC DATA INTERACTIVES, STATEWIDE EVENTS AND INTENSIVE AND DAILY REPORTING ON TEXAS PUBLIC POLICY, POLITICS AND CURRENT EVENTS.

Activities or mission (Part I)

TEXAS' MEMBER-SUPPORTED, DIGITAL-FIRST, NONPARTISAN MEDIA ORGANIZATION DEDICATED TO PROVIDING NEWS ON POLITICS, POLICY AND CURRENT EVENTS.

  • A NONPROFIT, NONPARTISAN PUBLIC NEWS ORGANIZATION THAT PROVIDES FREE NEWS, DATA INTERACTIVES AND PUBLIC EVENTS TO ENGAGE AND EDUCATE TEXANS ABOUT MATTERS OF PUBLIC POLICY, POLITICS AND CURRENT EVENTS.

    Expenses $9,765,232

  • DAILY EMAILED NEWSLETTER WITH THE LATEST INFORMATION ON TEXAS POLITICS.

    Expenses $216,086 · Revenue $127,239

  • THE TEXAS TRIBUNE FESTIVAL IS A MULTI-DAY CELEBRATION OF BIG, BOLD IDEAS ABOUT POLITICS, PUBLIC POLICY AND THE DAY'S NEWS, HEADLINED BY NAMES YOU ALREADY KNOW ALONGSIDE THOSE YOU SHOULD.

    Expenses $1,328,059 · Revenue $1,187,832

As filed on the 2024 return.

Listed in Part VII

  • Jim Schachter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Margaret Spellings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rosental Alves

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jane Borochoff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Glenn Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Trei Brundrett

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • John Chao

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Antonio Garza

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Larry Irving

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tracy Laquey Parker

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Steve Sachs

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Matt Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sonya Medina Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Heidi Marquez-Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Sonal Shah

    CHEIF EXECUTIVE OFFICER

    Total calculated
    $373,373
    From this org
    $365,000
    From related orgs
    $0
    Other
    $8,373
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $365,000
    Bonus
    $0
    Other
    $0
    Deferred
    $2,000
    Nontaxable benefits
    $6,373
    Filer's total
    $373,373

  • Evan Lambert

    CHIEF FINANCIAL OFFICER

    Total calculated
    $209,271
    From this org
    $200,000
    From related orgs
    $0
    Other
    $9,271
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $0
    Other
    $0
    Deferred
    $2,000
    Nontaxable benefits
    $7,271
    Filer's total
    $209,271

  • April Brumley Hinkle

    CHIEF REVENUE OFFICER

    Total calculated
    $406,115
    From this org
    $397,739
    From related orgs
    $0
    Other
    $8,376
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,739
    Bonus
    $195,000
    Other
    $0
    Deferred
    $2,000
    Nontaxable benefits
    $6,376
    Filer's total
    $406,115

  • Sewell Chan

    EDITOR-IN-CHIEF

    Total calculated
    $325,808
    From this org
    $319,279
    From related orgs
    $0
    Other
    $6,529
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,279
    Bonus
    $50,000
    Other
    $0
    Deferred
    $2,000
    Nontaxable benefits
    $4,529
    Filer's total
    $325,808

  • Natalie C Choate

    COO

    Total calculated
    $210,464
    From this org
    $200,000
    From related orgs
    $0
    Other
    $10,464
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $0
    Other
    $0
    Deferred
    $2,000
    Nontaxable benefits
    $8,464
    Filer's total
    $210,464

  • Cameron Darla

    CHIEF PRODUCT OFFICER

    Total calculated
    $145,340
    From this org
    $140,494
    From related orgs
    $0
    Other
    $4,846
    Hours/week
    40

  • Watkins Matthew

    EDITOR-IN-CHIEF

    Total calculated
    $149,211
    From this org
    $140,844
    From related orgs
    $0
    Other
    $8,367
    Hours/week
    40

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
DUES ARE PAID TO A SOCIAL CLUB TO ALLOW THE TEXAS TRIBUNE TO HOST EVENTS AT THE VENUE.
PART I, LINE 4A
SEVERANCE PAYMENT OF $50,000 WAS PAID TO SEWELL CHAN.
PART I, LINE 5
APRIL HINKLE, CHIEF REVENUE OFFICER, IS PAID COMMISSION UPON COLLECTION OF SPONSORSHIP AND ADVERTISING RECEIPTS WITH AN ANNUAL MAXIMUM.

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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349322342

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