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Nonprofiteer
← POLITICAL REPORT INC

Form 990 for tax year 2023

Filed by POLITICAL REPORT INC.

Totals

Total revenue
$420,640
Total expenses
$649,751
Contributions and grants received
$404,474
Grants paid
$0
Program service revenue
$0
Investment income
$14,416
Other revenue
$1,750
Total assets, end of year
$1,483,659
Total liabilities, end of year
$16,153
Net assets or fund balances, end of year
$1,467,506
Program services expenses (Part IX)
$562,265
Management and general expenses
$61,260
Fundraising expenses
$26,226
Program service expenses (Part III)
$562,265

Program services were 86.5% 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

    $404,474

  • 3 · Investment income

    total $14,416 · related or exempt $14,416

  • 11a · Other revenue: NON OPERATING INCOME

    total $1,750 · related or exempt $1,750

  • 11e · Other revenue, total

    $1,750

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $103,515 · program services $91,524 · management and general $8,051 · fundraising $3,940

  • 7 · Other salaries and wages

    total $353,174 · program services $312,263 · management and general $27,467 · fundraising $13,444

  • 8 · Pension plan contributions

    total $17,636 · program services $15,615 · management and general $1,356 · fundraising $665

  • 9 · Other employee benefits

    total $27,282 · program services $24,037 · management and general $2,147 · fundraising $1,098

  • 10 · Payroll taxes

    total $35,615 · program services $31,577 · management and general $2,719 · fundraising $1,319

  • 11c · Fees: accounting

    total $18,485 · program services $3,146 · management and general $15,205 · fundraising $134

  • 11g · Fees: other

    total $49,808 · program services $49,808

  • 12 · Advertising and promotion

    total $770 · program services $681 · management and general $60 · fundraising $29

  • 13 · Office expenses

    total $31 · program services $28 · management and general $2 · fundraising $1

  • 14 · Information technology

    total $13,796 · program services $12,539 · management and general $843 · fundraising $414

  • 17 · Travel

    total $11,947 · program services $7,519 · management and general $3,157 · fundraising $1,271

  • 23 · Insurance

    total $7,915 · program services $7,701 · management and general $144 · fundraising $70

  • 24a · Other expenses: BANK FEES

    total $3,851 · program services -$1 · management and general $43 · fundraising $3,809

  • 24b · Other expenses: COLLABORATIVE AGREEMENT

    total $2,155 · program services $2,155

  • 24c · Other expenses: ILLUSTRATIONS AND PHOTO

    total $1,680 · program services $1,680

  • 24d · Other expenses: MEMBERSHIP FEES

    total $1,238 · program services $1,238

  • 24e · All other expenses

    total $853 · program services $755 · management and general $66 · fundraising $32

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,081,872 · end of year $746,682

  • 3 · Pledges and grants receivable

    beginning of year $600,000 · end of year $170,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,457 · end of year $4,435

  • 11 · Investments: publicly traded securities

    end of year $562,542

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,302

  • 25 · Other liabilities

    beginning of year $942 · end of year $16,153

  • 27 · Net assets without donor restrictions

    beginning of year $1,684,085 · end of year $1,467,506

Mission and programs · 2023

Mission

THE POLITICAL REPORT EDUCATES THE PUBLIC ABOUT SOCIAL, ECONOMIC, AND POLITICAL ISSUES BY (I) PUBLISHING INVESTIGATIVE REPORTS, ARTICLES, NEWSLETTERS, PODCASTS, AND OTHER MEDIA AND EDUCATIONAL MATERIALS, AND (II) CONDUCTING PRESENTATIONS, WORKSHOPS, AND OTHER EDUCATIONAL EVENTS.

  • THE POLITICAL REPORT EDUCATES THE PUBLIC ABOUT SOCIAL, ECONOMIC, AND POLITICAL ISSUES BY (I) PUBLISHING INVESTIGATIVE REPORTS, ARTICLES, NEWSLETTERS, PODCASTS, AND OTHER MEDIA AND EDUCATIONAL MATERIALS, AND (II) CONDUCTING PRESENTATIONS, WORKSHOPS, AND OTHER EDUCATIONAL EVENTS.

    Expenses $562,265

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

Listed in Part VII

  • Daniel Nichanian

    PRESIDENT/EXEC. DIR.

    Total calculated
    $115,570
    From this org
    $103,515
    From related orgs
    $0
    Other
    $12,055
    Hours/week
    40
  • Easha Anand

    SECRETARY

    Total calculated
    $0
    Hours/week
    0
  • Kevin Keenan

    TREASURER

    Total calculated
    $0
    Hours/week
    0

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2024
IRS schema version
2023v5.0
Source object
202431309349300708

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