Form 990 for tax year 2024
Filed by COMPACT INSTITUTE OF IDEAS INC.
Totals
- Total revenue
- $376,215
- Total expenses
- $300,573
- Contributions and grants received
- $376,215
- Grants paid
- $272,946
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $301,185
- Total liabilities, end of year
- $25,543
- Net assets or fund balances, end of year
- $275,642
- Program services expenses (Part IX)
- $272,946
- Management and general expenses
- $25,015
- Fundraising expenses
- $2,612
- Program service expenses (Part III)
- $272,946
Program services were 90.8% 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
$376,215
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $272,946 · program services $272,946
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $5,000 · management and general $5,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $19,140 · management and general $19,140
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $2,345 · fundraising $2,345
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $875 · management and general $875
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Merchant Fees
total $267 · fundraising $267
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $200,000 · end of year $301,185
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
end of year $25,543
-
31 · Retained earnings, endowment or other funds
beginning of year $200,000 · end of year $275,642
Mission and programs · 2024
Mission
The purpose of The Compact Institute of Ideas is to support exceptional journalism, as exemplified by COMPACT, and to conduct related public educational programs, such as training, mentorship, and sponsoring of journalists and public intellectuals, the production of rigorous, public-minded investigative reporting, the organization of annual or other periodic educational and enrichment programs, conferences and colloquia and the promotion of scholarship regarding the same.
-
Global Project: We have published reporting and analysis from countries often overlooked by the Western press.
Expenses $74,187 · Grants $74,187
-
Critical Dialogue: Critical Dialogues: We have published a series of reviews and essay exploring new cultural trends.
Expenses $72,208 · Grants $72,208
-
Compact Podcast: We host Compact Conversations, a podcast taking an in-depth look at the ideas shaping the contemporary world.
Expenses $64,102 · Grants $64,102
-
Project for a New Social-Democratic Consensus: We have hosted important discussions of trade, industrial policy, and labor relations.
Expenses $62,449 · Grants $62,449
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Wilken Yu
Trustee
- Total calculated
- $5,000
- From this org
- $5,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Sohrab Ahmari
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Matthew Schmitz
President
- Total calculated
- $0
- Hours/week
- 1
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
-
Compact Magazine Inc
$272,946
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Compact Magazine Inc
C Corp · Magazine Publisher · NY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513229349302956
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