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Nonprofiteer
← AMERICAN PROSPECT INC

Form 990 for tax year 2023

Filed by AMERICAN PROSPECT INC.

Totals

Total revenue
$2,226,662
Total expenses
$1,957,223
Contributions and grants received
$2,001,901
Grants paid
$0
Program service revenue
$217,059
Investment income
$127
Other revenue
$7,575
Total assets, end of year
$732,911
Total liabilities, end of year
$257,744
Net assets or fund balances, end of year
$475,167
Program services expenses (Part IX)
$1,483,652
Management and general expenses
$285,609
Fundraising expenses
$187,962
Program service expenses (Part III)
$1,483,652

Program services were 75.8% 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

    $2,001,901

  • 1g · Noncash contributions included above

    $32,512

  • 2a · Program service revenue: SUBSCRIPTIONS

    total $113,184 · related or exempt $113,184

  • 2b · Program service revenue: ADVERTISING INCOME

    total $77,856 · unrelated business $77,856

  • 2c · Program service revenue: SPONSORSHIP

    total $25,000 · related or exempt $25,000

  • 2d · Program service revenue: NEWSSTAND SALES & MAIL

    total $1,019 · related or exempt $1,019

  • 3 · Investment income

    total $127 · excluded $127

  • 5 · Royalties

    total $7,575 · excluded $7,575

  • 7a · Gross sales of assets other than inventory

    securities $30,986

  • 7b · Less cost or other basis and sales expenses

    securities $30,986

  • 7c · Gain or loss

    securities $0

  • 7d · Net gain or loss

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $424,524 · program services $220,255 · management and general $80,052 · fundraising $124,217

  • 7 · Other salaries and wages

    total $692,934 · program services $619,840 · management and general $53,751 · fundraising $19,343

  • 9 · Other employee benefits

    total $95,583 · program services $83,437 · management and general $6,623 · fundraising $5,523

  • 10 · Payroll taxes

    total $85,208 · program services $64,897 · management and general $9,907 · fundraising $10,404

  • 11b · Fees: legal

    total $51,093 · program services $27,000 · management and general $24,093

  • 11c · Fees: accounting

    total $34,562 · management and general $34,562

  • 11g · Fees: other

    total $1,598 · program services $1,598

  • 12 · Advertising and promotion

    total $21,735 · program services $3,584 · management and general $1,814 · fundraising $16,337

  • 13 · Office expenses

    total $30,646 · program services $26,293 · management and general $3,107 · fundraising $1,246

  • 16 · Occupancy

    total $70,482 · program services $53,839 · management and general $8,012 · fundraising $8,631

  • 17 · Travel

    total $36,058 · program services $18,073 · management and general $17,315 · fundraising $670

  • 20 · Interest

    total $3,504 · management and general $3,504

  • 23 · Insurance

    total $24,023 · program services $2,706 · management and general $20,883 · fundraising $434

  • 24a · Other expenses: MANUSCRIPT FEES

    total $192,803 · program services $192,803

  • 24b · Other expenses: DIGITAL MEDIA

    total $78,875 · program services $72,335 · management and general $6,540

  • 24c · Other expenses: GRAPHIC & PHOTO DESIGN

    total $51,224 · program services $51,224

  • 24d · Other expenses: PRODUCTION

    total $37,909 · program services $37,909

  • 24e · All other expenses

    total $24,462 · program services $7,859 · management and general $15,446 · fundraising $1,157

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $245,456 · end of year $268,656

  • 3 · Pledges and grants receivable

    beginning of year $23,198 · end of year $400,000

  • 4 · Accounts receivable

    beginning of year $11,719 · end of year $22,546

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,325 · end of year $35,038

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

    $19,670

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

    $19,670

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $1,847

  • 15 · Other assets

    beginning of year $2,579 · end of year $4,824

  • 17 · Accounts payable and accrued expenses

    beginning of year $83,746 · end of year $130,570

  • 19 · Deferred revenue

    beginning of year $25,122 · end of year $48,050

  • 25 · Other liabilities

    beginning of year $0 · end of year $79,124

  • 27 · Net assets without donor restrictions

    beginning of year $162,466 · end of year -$74,833

  • 28 · Net assets with donor restrictions

    beginning of year $42,943 · end of year $550,000

Mission and programs · 2023

Mission

THE AMERICAN PROSPECT STRIVES TO MAKE A DIFFERENCE, EXPLAINING PROGRESSIVE IDEAS WITH NARRATIVE STORYTELLING, TO ILLUMINATE COMPLEX ISSUES AND INFORM AMERICANS ON HOW TO ACHIEVE POSITIVE CHANGE.

  • PUBLISHES "THE AMERICAN PROSPECT," A MAGAZINE, AND RELATED INTERNET WEBSITE WHICH CONTAINS SCHOLARLY AND LITERARY ARTICLES DESIGNED TO INFORM THE PUBLIC ON PUBLIC POLICY. THE MAGAZINE IS DISTRIBUTED AND SOLD THROUGHOUT THE UNITED STATES AND INTERNATIONALLY.

    Expenses $1,483,652 · Revenue $217,059

As filed on the 2023 return.

Listed in Part VII

  • David Dayen

    PRESIDENT

    Total calculated
    $169,571
    From this org
    $134,901
    From related orgs
    $0
    Other
    $34,670
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,901
    Bonus
    $0
    Other
    $0
    Deferred
    $4,255
    Nontaxable benefits
    $30,415
    Filer's total
    $169,571
  • Meany Ellen J

    PUBLISHER

    Total calculated
    $143,018
    From this org
    $121,911
    From related orgs
    $0
    Other
    $21,107
    Hours/week
    40
  • Robert Kuttner

    CO-FOUNDER, DIRECTOR

    Total calculated
    $112,750
    From this org
    $112,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Ganesh Sitaraman

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Amy Hanauer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Derrick Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Miles Rapoport

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Adele Simmons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jacob Hacker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Shanti Fry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stan Greenberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Stern

    TREASURER & SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Paul Starr

    CO-FOUNDER, DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Rebecca Dixon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jon Hart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Randall Kennedy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Javier Morillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Valerie Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mitchell Grummon

    PUBLISHER

    Total calculated
    $0
    Hours/week
    40
  • Harold Meyerson

    EDITOR-AT-LARGE

    Total calculated
    $110,408
    From this org
    $109,822
    From related orgs
    $0
    Other
    $586
    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 · Compensation survey or study
  • 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
2023
Filed
7 May 2025
IRS schema version
2023v6.0
Source object
202531279349302893

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