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Nonprofiteer
← LIBERAL PATRIOT INC

Form 990 for tax year 2024

Filed by LIBERAL PATRIOT INC.

Totals

Total revenue
$1,140,362
Total expenses
$949,548
Contributions and grants received
$1,140,362
Grants paid
$100,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$718,391
Total liabilities, end of year
$27,185
Net assets or fund balances, end of year
$691,206
Program services expenses (Part IX)
$784,551
Management and general expenses
$158,980
Fundraising expenses
$6,017
Program service expenses (Part III)
$784,551

Program services were 82.6% 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

    $1,140,362

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000 · program services $100,000

  • 5 · Compensation of officers, directors and key employees

    total $491,306 · program services $491,306

  • 10 · Payroll taxes

    total $23,089 · program services $23,089

  • 11b · Fees: legal

    total $1,308 · management and general $1,308

  • 11c · Fees: accounting

    total $128,060 · management and general $128,060

  • 11g · Fees: other

    total $80,000 · program services $75,000 · management and general $5,000

  • 14 · Information technology

    total $16,035 · management and general $10,018 · fundraising $6,017

  • 23 · Insurance

    total $3,601 · management and general $3,601

  • 24a · Other expenses: OP-ED & PODCAST CONTRIB

    total $95,156 · program services $95,156

  • 24b · Other expenses: REPRINT PERMISSION

    total $10,481 · management and general $10,481

  • 24c · Other expenses: TAXES, LICENSES & FEES

    total $512 · management and general $512

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $516,230 · end of year $717,775

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,121 · end of year $616

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,959 · end of year $27,185

  • 27 · Net assets without donor restrictions

    beginning of year $500,392 · end of year $691,206

Mission and programs · 2024

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 (TLP) PUBLISHED ITS DAILY NEWSLETTER 6 DAYS PER WEEK, 50 WEEKS PER YEAR IN 2024. THE ANALYSIS AND COMMENTARY ON U.S. POLITICS AND PUBLIC POLICY WAS SENT TO MORE THAN 51,000 TOTAL SUBSCRIBERS AND 115,000 TOTAL FOLLOWERS ON SUBSTACK, WITH MORE THAN ONE MILLION VIEWS ON AVERAGE PER MONTH. TLP COVERED TOPICS INCLUDING POLITICS AND PUBLIC OPINION, U.S. ECONOMIC AND SOCIAL POLICY, INTERNATIONAL AFFAIRS, AND DEVELOPMENTS IN THE U.S. CONGRESS AND EXECUTIVE BRANCH. ADDITIONALLY, THE LIBERAL PATRIOT PRODUCED AND DISTRIBUTED A BI-WEEKLY PODCAST FEATURING EXPERT GUESTS ON SUBSTACK, YOUTUBE, APPLE, AND SPOTIFY, DISCUSSING POLITICS, ELECTIONS, PUBLIC POLICY, AND SOCIAL TRENDS. TLP ALSO POSTED THOUSANDS OF SOCIAL MEDIA PIECES ACROSS NOTES, X, AND FACEBOOK PLATFORMS.

    Expenses $784,551 · Grants $100,000

As filed on the 2024 return.

Listed in Part VII

  • James Carville

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Susan McCue

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Ruy Teixeira

    SECRETARY

    Total calculated
    $138,750
    From this org
    $138,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • John Halpin

    PRESIDENT & TREASURER

    Total calculated
    $249,580
    From this org
    $200,000
    From related orgs
    $0
    Other
    $49,580
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,000
    Bonus
    $5,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $49,580
    Filer's total
    $249,580

  • Peter Juul

    TREASURER (THRU 05/24)

    Total calculated
    $102,976
    From this org
    $98,750
    From related orgs
    $0
    Other
    $4,226
    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

  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
THE ORGANIZATION PAID $36,302 IN SEVERANCE TO PETER JUUL, FORMER TREASURER, FOLLOWING HIS DEPARTURE IN MAY 2024. THE TERMS AND CONDITIONS WERE CONSISTENT WITH INDUSTRY STANDARDS.

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

Provenance

Return type
form_990
Tax year
2024
Filed
31 October 2025
IRS schema version
2024v5.2
Source object
202523079349300447

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