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Nonprofiteer
← TESSERACT

Form 990 for tax year 2023

Filed by TESSERACT.

Totals

Total revenue
$890,195
Total expenses
$700,880
Contributions and grants received
$890,195
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$270,231
Total liabilities, end of year
$184,381
Net assets or fund balances, end of year
$85,850
Program services expenses (Part IX)
$470,269
Management and general expenses
$125,368
Fundraising expenses
$105,243
Program service expenses (Part III)
$470,269

Program services were 67.1% 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

    $890,195

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $96,075 · program services $33,208 · management and general $11,365 · fundraising $51,502

  • 7 · Other salaries and wages

    total $289,781 · program services $202,164 · management and general $58,089 · fundraising $29,528

  • 8 · Pension plan contributions

    total $19,952 · program services $12,171 · management and general $3,591 · fundraising $4,190

  • 9 · Other employee benefits

    total $40,583 · program services $24,762 · management and general $7,287 · fundraising $8,534

  • 10 · Payroll taxes

    total $29,255 · program services $17,846 · management and general $5,265 · fundraising $6,144

  • 11b · Fees: legal

    total $18,393 · program services $5,103 · management and general $13,290

  • 11c · Fees: accounting

    total $11,946 · program services $0 · management and general $11,946 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11g · Fees: other

    total $17,989 · program services $15,445 · management and general $2,544

  • 12 · Advertising and promotion

    total $96,000 · program services $96,000 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $7,426 · program services $3,032 · management and general $4,394 · fundraising $0

  • 14 · Information technology

    total $58,286 · program services $58,235 · management and general $51 · fundraising $0

  • 16 · Occupancy

    total $5,302 · program services $0 · management and general $5,302 · fundraising $0

  • 17 · Travel

    total $5,395 · program services $0 · management and general $50 · fundraising $5,345

  • 19 · Conferences, conventions and meetings

    total $2,303 · program services $2,303

  • 23 · Insurance

    total $2,194 · program services $0 · management and general $2,194 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $123,537 · end of year $265,065

  • 4 · Accounts receivable

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $5,166

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,580 · end of year $15,993

  • 19 · Deferred revenue

    end of year $0

  • 25 · Other liabilities

    beginning of year $206,422 · end of year $168,388

  • 27 · Net assets without donor restrictions

    beginning of year -$103,465 · end of year $83,350

  • 28 · Net assets with donor restrictions

    end of year $2,500

Mission and programs · 2023

Mission

TESSERACT, INC. IS A NON-PROFIT CORPORATION DEDICATED TO PRESERVING AND PERFECTING DEMOCRATIC CAPITALISM BY REFORMING THE TAX SYSTEM, LABOR POLICIES AND DEMOCRATIC PROCESSES.

  • PATRIOTIC MILLIONAIRES - FOCUSES ON ORGANIZING POLITICALLY AND LOBBYING CONGRESS TO HELP ENACT REFORMS THAT WILL BUILD A MORE STABLE, PROSPEROUS AND INCLUSIVE NATION.

    Expenses $418,218 · Revenue $881,185

  • AMERICAN DECIDERS IS A BIPARTISAN COLLECTIVE FOCUSED ON ECONOMIC ISSUES. WE PROVIDE CLEAR INFORMATION ON POLICIES AND CANDIDATES, RALLYING COMMUNITIES TO ADVOCATE FOR ECONOMIC EQUALITY, TRANSPARENCY, AND FAIRNESS. OUR CORE TENETS ARE TAX THE RICH, PAY THE PEOPLE, AND SPREAD THE POWER.

    Expenses $42,950

  • MAYDAY AMERICA - ENGAGES IN GRASSROOTS EFFORTS TO PROMOTE REFORMS THAT WILL DEFEAT ENABLERS OF CORRUPTION, ELECT REFORMERS, AND WORK TO PASS REFORM AT ALL LEVELS OF GOVERNMENT TO END BIG MONEY POLITICS.

    Expenses $6,705 · Revenue $9,010

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

Listed in Part VII

  • Erica Payne

    PRESIDENT

    Total calculated
    $342,336
    From this org
    $65,625
    From related orgs
    $246,875
    Other
    $29,836
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $55,125 + $207,375 related
    Bonus
    $10,500 + $39,500 related
    Other
    not reported
    Deferred
    $1,975 + $7,429 related
    Nontaxable benefits
    $4,291 + $16,141 related
    Filer's total
    $71,891 + $270,445 related

  • Jodie Rubenstein

    TREASURER/SECRETARY

    Total calculated
    $254,182
    From this org
    $45,248
    From related orgs
    $170,220
    Other
    $38,714
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $40,950 + $154,050 related
    Bonus
    $4,298 + $16,170 related
    Other
    not reported
    Deferred
    $1,890 + $7,110 related
    Nontaxable benefits
    $6,240 + $23,474 related
    Filer's total
    $53,378 + $200,804 related

  • Sam Quigley

    COMMUNICATIONS DIRECTOR

    Total calculated
    $149,754
    From this org
    $28,353
    From related orgs
    $106,660
    Other
    $14,741
    Hours/week
    10 + 30 related

  • Rene Felt

    ART DIRECTOR

    Total calculated
    $148,518
    From this org
    $26,541
    From related orgs
    $99,844
    Other
    $22,133
    Hours/week
    10 + 30 related

  • Dylan Dusseault

    POLITICAL DIRECTOR

    Total calculated
    $126,886
    From this org
    $23,714
    From related orgs
    $89,209
    Other
    $13,963
    Hours/week
    10 + 30 related

  • Gene Haigh

    SENIOR ADVISOR

    Total calculated
    $130,044
    From this org
    $23,100
    From related orgs
    $86,900
    Other
    $20,044
    Hours/week
    10 + 30 related

  • Morris Pearl

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Anna Maria Archila

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Drew Pomerance

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Stephen Prince

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Chuck Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • THE PATRIOTIC MILLIONAIRES LLC

    DC

    Directly controlled by TESSERACT INC

  • THE AGENDA PROJECT LLC

    DC

    Directly controlled by TESSERACT INC

  • MAYDAY AMERICA LLC

    DC

    Directly controlled by TESSERACT INC

Provenance

Return type
form_990
Tax year
2023
Filed
7 October 2024
IRS schema version
2023v5.0
Source object
202432819349302363

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