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Nonprofiteer
← NEW CONSENSUS

Form 990 for tax year 2022

Filed by NEW CONSENSUS.

Totals

Total revenue
$1,001,030
Total expenses
$970,977
Contributions and grants received
$1,000,920
Grants paid
$0
Program service revenue
$0
Investment income
$110
Other revenue
$0
Total assets, end of year
$586,976
Total liabilities, end of year
$1,979
Net assets or fund balances, end of year
$584,997
Program services expenses (Part IX)
$843,536
Management and general expenses
$125,721
Fundraising expenses
$1,720
Program service expenses (Part III)
$843,536

Program services were 86.9% 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

    $1,000,920

  • 3 · Investment income

    total $110 · unrelated business $0 · excluded $110

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $219,327 · program services $208,174 · management and general $9,560 · fundraising $1,593

  • 7 · Other salaries and wages

    total $384,535 · program services $341,384 · management and general $43,151 · fundraising $0

  • 8 · Pension plan contributions

    total $4,000 · program services $2,766 · management and general $1,234 · fundraising $0

  • 9 · Other employee benefits

    total $39,215 · program services $26,982 · management and general $12,233 · fundraising $0

  • 10 · Payroll taxes

    total $39,871 · program services $36,041 · management and general $3,740 · fundraising $90

  • 11b · Fees: legal

    total $945 · program services $245 · management and general $700 · fundraising $0

  • 11c · Fees: accounting

    total $3,351 · program services $0 · management and general $3,351 · fundraising $0

  • 11g · Fees: other

    total $179,555 · program services $149,251 · management and general $30,304 · fundraising $0

  • 12 · Advertising and promotion

    total $579 · program services $579 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $14,361 · program services $12,979 · management and general $1,345 · fundraising $37

  • 14 · Information technology

    total $18,693 · program services $12,266 · management and general $6,427 · fundraising $0

  • 16 · Occupancy

    total $8,491 · program services $6,509 · management and general $1,982 · fundraising $0

  • 17 · Travel

    total $42,588 · program services $42,540 · management and general $48 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $3,820 · program services $3,820 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $11,436 · program services $0 · management and general $11,436 · fundraising $0

  • 24a · Other expenses: TAXES AND FEES

    total $210 · program services $0 · management and general $210 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $364,931 · end of year $87,180

  • 2 · Savings and temporary cash investments

    beginning of year $196,720 · end of year $499,776

  • 15 · Other assets

    end of year $20

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,707 · end of year $1,979

  • 27 · Net assets without donor restrictions

    beginning of year $554,944 · end of year $584,997

Mission and programs · 2022

Mission

NEW CONSENSUS IS A NEW KIND OF PUBLIC EDUCATION AND RESEARCH ORGANIZATION WHOSE MISSION IS TO EDUCATE POLICY MAKERS AND LEADERS ABOUT ISSUES AND CRAFT COMPREHENSIVE POLICY SOLUTIONS TO MEET AMERICA'S ECONOMIC CHALLENGES.

Activities or mission (Part I)

NEW CONSENSUS IS A NEW KIND OF PUBLIC EDUCATION AND RESEARCH ORGANIZATION WHOSE MISSION IS TO EDUCATE POLICY MAKERS AND LEADERS ABOUT FUNDAMENTAL ISSUES AND CRAFT COMPREHENSIVE POLICY SOLUTIONS TO MEET AMERICA'S ECONOMIC CHALLENGES.

  • NEW CONSENSUS DEVELOPED IN-DEPTH POLICY PROPOSALS AND PLANS TO SUPPORT ECONOMIC DEVELOPMENT AND TRANSFORMATION; ORGANIZED A BROAD COALITION OF CLIMATE EXPERTS, ECONOMISTS, BUSINESS LEADERS, UNIONS AND LABOR LEADERS, POLICY LEADERS, AND OTHER EXPERTS AROUND AN EMERGING NEW CONSENSUS IN SUPPORT OF ECONOMIC DEVELOPMENT, AND TRANSFORMATION; AND PRODUCED EDUCATIONAL MATERIAL TO POPULARIZE AND BUILD BROAD PUBLIC SUPPORT FOR THIS NEW CONSENSUS.

    Expenses $843,536

As filed on the 2022 return.

Listed in Part VII

  • Saikat Chakrabarti

    DIRECTOR, PRESIDENT

    Total calculated
    $0
    Hours/week
    25
  • Megan Hernandez

    DIRECTOR, TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Demond Drummer

    DIRECTOR, SECRETARY

    Total calculated
    $60,000
    From this org
    $60,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20
  • Zack Exley

    EXECUTIVE DIRECTOR

    Total calculated
    $159,327
    From this org
    $110,236
    From related orgs
    $0
    Other
    $49,091
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,236
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $49,091
    Filer's total
    $159,327
  • Robert Hockett

    SENIOR FELLOW

    Total calculated
    $140,000
    From this org
    $140,000
    From related orgs
    $0
    Other
    $0
    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

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
2022
Filed
26 September 2023
IRS schema version
2022v5.0
Source object
202313199349307021

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