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Nonprofiteer
← AMERICAN PROSPECT INC

Form 990 for tax year 2022

Filed by AMERICAN PROSPECT INC.

Totals

Total revenue
$1,548,270
Total expenses
$1,809,282
Contributions and grants received
$1,177,882
Grants paid
$0
Program service revenue
$347,257
Investment income
$14,741
Other revenue
$8,390
Total assets, end of year
$314,277
Total liabilities, end of year
$108,868
Net assets or fund balances, end of year
$205,409
Program services expenses (Part IX)
$1,415,355
Management and general expenses
$210,939
Fundraising expenses
$182,988
Program service expenses (Part III)
$1,415,355

Program services were 78.2% 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

    $1,177,882

  • 2a · Program service revenue: SUBSCRIPTIONS

    total $310,958 · related or exempt $310,958

  • 2b · Program service revenue: ADVERTISING INCOME

    total $35,165 · unrelated business $35,165

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

    total $1,134 · related or exempt $1,134

  • 3 · Investment income

    total $342 · excluded $342

  • 5 · Royalties

    total $8,390 · excluded $8,390

  • 7a · Gross sales of assets other than inventory

    securities $52,983

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

    securities $38,584

  • 7c · Gain or loss

    securities $14,399

  • 7d · Net gain or loss

    total $14,399 · excluded $14,399

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $413,122 · program services $230,009 · management and general $69,612 · fundraising $113,501

  • 7 · Other salaries and wages

    total $688,527 · program services $630,542 · management and general $42,186 · fundraising $15,799

  • 9 · Other employee benefits

    total $55,394 · program services $45,147 · management and general $7,965 · fundraising $2,282

  • 10 · Payroll taxes

    total $82,589 · program services $65,606 · management and general $8,007 · fundraising $8,976

  • 11b · Fees: legal

    total $353 · management and general $353

  • 11c · Fees: accounting

    total $30,075 · management and general $30,075

  • 11g · Fees: other

    total $596 · management and general $299 · fundraising $297

  • 12 · Advertising and promotion

    total $42,927 · program services $14,915 · management and general $7,175 · fundraising $20,837

  • 13 · Office expenses

    total $28,090 · program services $13,788 · management and general $4,572 · fundraising $9,730

  • 16 · Occupancy

    total $72,310 · program services $56,658 · management and general $7,453 · fundraising $8,199

  • 17 · Travel

    total $38,264 · program services $20,680 · management and general $17,584

  • 23 · Insurance

    total $26,195 · program services $20,525 · management and general $2,700 · fundraising $2,970

  • 24a · Other expenses: MANUSCRIPT FEES

    total $162,763 · program services $162,763

  • 24b · Other expenses: DIGITAL MEDIA

    total $64,999 · program services $64,101 · management and general $898

  • 24c · Other expenses: GRAPHIC & PHOTO DESIGN

    total $46,495 · program services $46,495

  • 24d · Other expenses: PRODUCTION

    total $36,355 · program services $36,355

  • 24e · All other expenses

    total $20,228 · program services $7,771 · management and general $12,060 · fundraising $397

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $258,146 · end of year $245,456

  • 3 · Pledges and grants receivable

    beginning of year $299,799 · end of year $23,198

  • 4 · Accounts receivable

    beginning of year $1,438 · end of year $11,719

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,064 · end of year $31,325

  • 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

    beginning of year $45,146

  • 15 · Other assets

    beginning of year $934 · end of year $2,579

  • 17 · Accounts payable and accrued expenses

    beginning of year $124,453 · end of year $83,746

  • 19 · Deferred revenue

    beginning of year $35,401 · end of year $25,122

  • 27 · Net assets without donor restrictions

    beginning of year $139,564 · end of year $162,466

  • 28 · Net assets with donor restrictions

    beginning of year $334,109 · end of year $42,943

Mission and programs · 2022

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 $1,415,355 · Revenue $312,092

As filed on the 2022 return.

Listed in Part VII

  • David Dayen

    PRESIDENT

    Total calculated
    $156,486
    From this org
    $132,278
    From related orgs
    $0
    Other
    $24,208
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,278
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,208
    Filer's total
    $156,486
  • Ellen Meany

    PUBLISHER

    Total calculated
    $134,292
    From this org
    $119,219
    From related orgs
    $0
    Other
    $15,073
    Hours/week
    40
  • Robert Kuttner

    CO-FOUNDER, DIRECTOR

    Total calculated
    $110,000
    From this org
    $110,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Amy Hanauer

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • 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
  • Daaiyah Bilal-Threats

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ganesh Sitaraman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jacob Hacker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Janet Shenk

    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
  • Chuck Collins

    DIRECTOR (UNTIL JUNE 2023)

    Total calculated
    $0
    Hours/week
    1
  • Bill Spriggs

    DIRECTOR (UNTIL JUNE 2023)

    Total calculated
    $0
    Hours/week
    1
  • Harold Meyerson

    EDITOR-AT-LARGE

    Total calculated
    $107,164
    From this org
    $107,164
    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

None.

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
6 October 2023
IRS schema version
2022v5.0
Source object
202302929349301045

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