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Nonprofiteer
← MARKUP NEWS INC

Form 990 for tax year 2024

Filed by MARKUP NEWS INC.

Totals

Total revenue
$609,669
Total expenses
$4,456,142
Contributions and grants received
$585,509
Grants paid
$1,269,076
Program service revenue
$0
Investment income
$19,710
Other revenue
$4,450
Total assets, end of year
$48,625
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$48,625
Program services expenses (Part IX)
$3,757,135
Management and general expenses
$654,787
Fundraising expenses
$44,220
Program service expenses (Part III)
$3,757,135

Program services were 84.3% 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

    $585,509

  • 3 · Investment income

    total $19,710 · excluded $19,710

  • 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

  • 11a · Other revenue: Credit Card Incentive

    total $4,450 · excluded $4,450

  • 11e · Other revenue, total

    $4,450

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,269,076 · program services $1,269,076

  • 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 $873,726 · program services $773,612 · management and general $100,114

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,176,611 · program services $1,041,791 · management and general $134,820

  • 8 · Pension plan contributions

    total $59,884 · program services $57,190 · management and general $2,694

  • 9 · Other employee benefits

    total $369,145 · program services $320,665 · management and general $48,480

  • 10 · Payroll taxes

    total $171,058 · program services $151,587 · management and general $19,471

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $70,100 · program services $5,018 · management and general $65,082

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $255,668 · program services $62,805 · management and general $161,063 · fundraising $31,800

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $45,185 · program services $29,300 · management and general $15,863 · fundraising $22

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $342 · management and general $342

  • 17 · Travel

    total $20,911 · program services $14,080 · management and general $5,283 · fundraising $1,548

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $24,825 · program services $8,473 · management and general $11,811 · fundraising $4,541

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $18,501 · management and general $18,501

  • 23 · Insurance

    total $57,254 · management and general $57,254

  • 24a · Other expenses: Dues and Subscriptions

    total $43,856 · program services $23,538 · management and general $14,009 · fundraising $6,309

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $616,078 · end of year $56,317

  • 2 · Savings and temporary cash investments

    beginning of year $3,137,270 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $267,308 · end of year -$7,692

  • 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

    beginning of year $63,731 · end of year $0

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

    $29,000

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

    $29,000

  • 10c · Land, buildings and equipment, net

    beginning of year $19,786 · 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

    beginning of year $209,075

  • 27 · Net assets without donor restrictions

    beginning of year $3,352,602 · end of year $48,625

  • 28 · Net assets with donor restrictions

    beginning of year $542,496

Mission and programs · 2024

Mission

THE MARKUP IS A NONPROFIT NEWSROOM THAT CHALLENGES TECHNOLOGY TO SERVE THE PUBLIC GOOD. THE MARKUP UTILIZES AN UNPARALLELED ROSTER OF ENGINEERS AND JOURNALISTS WHO PURSUE MEANINGFUL, DATA-DRIVEN INVESTIGATIONS AND DEVELOP DIGITAL TOOLS.

  • EDITORIAL & GRAPHICS - THE MARKUP PUBLISHED INVESTIGATIONS, REPORTS, AND GUIDES THAT REVEALED HARMS CAUSED BY TECHNOLOGY AND HOW PEOPLE USE IT. THEIR JOURNALISM WAS ACTIONABLE AND DROVE REAL-WORLD IMPACT. THEY EXPOSED AND OUTLAWED DIGITAL DISCRIMINATION WITH THE HELP OF READERS. THEY LAUNCHED LANGUAGES OF MISINFORMATION SERIES, ABOUT THE INFORMATION NEEDS AND STRUGGLES OF VIETNAMESE IMMIGRANT ENCLAVES, WHICH WON AN AAJA JOURNALISM OF EXCELLENCE AWARD FOR WORKING DIRECTLY WITH COMMUNITY MEMBERS, BRIDGED GENERATIONAL GAPS, AND TAUGHT PRACTICAL WORKSHOPS. IN PARALLEL WITH THEIR REPORTING WORK, THEY CREATED DIGITAL TOOLS THAT ALLOWED READERS TO REPORT WITH THEM.

    Expenses $3,290,218

  • PRODUCT & TECHNOLOGY - THE MARKUP STARTED WITH A COMPREHENSIVE REDESIGN OF THE HOMEPAGE, ACCOMPANIED BY THE CREATION OF NEW CMS FEATURES TO SUPPORT THE STRUCTURE OF THE NEW HOMEPAGE AND MAKE IT EASY FOR EDITORS TO CHANGE IT EXTENSIVELY IF NEEDED. THEY MADE EXTENSIVE FEATURE UPDATES TO THEIR PREMIERE TOOL BLACKLIGHT. THEY UTILIZED SUMMER INTERNS TO HELP MANAGE THE WORKLOAD AND THE END RESULT IS A PLETHORA OF NEW FEATURES INCLUDING THE ABILITY TO "SPOOF" SITE SCANS FROM GERMANY, SCAN AS A DESKTOP BROWSER IN ADDITION TO A MOBILE BROWSER, BYPASS CACHE OF ALREADY SCANNED SITES, AND A HOST OF PERFORMANCE UPGRADES.

    Expenses $392,713

  • AUDIENCE - IN CONJUNCTION WITH THE LAUNCH OF THEIR WEBSITE REDESIGN, THE MARKUP CONTINUED TO GROW THE OVERALL BRAND IMPACT. THEIR WORK WAS REPUBLISHED ACROSS OTHER NEWS NETWORKS 1,223 TIMES AND LOCALIZED BY OTHER NEWSROOMS 8 TIMES. THEIR TOOLS CONTINUE TO HAVE IMPACT WITH THEIR AUDIENCE AS WELL: OVER 13 MILLION PEOPLE HAVE USED THE BLACKLIGHT TOOL. THEY WERE ALSO RECOGNIZED BY LEADERS IN THE INDUSTRY. THEY WON 18 INDUSTRY AWARDS, INCLUDING SEVERAL FROM SOCIETY FOR NEWS DESIGN, SIGMA, SCRIPPS HOWARD, NATIONAL PRESS CLUB, AND THE ONLINE JOURNALISM ASSOCIATION.

    Expenses $74,204

As filed on the 2024 return.

Listed in Part VII

  • Neil Chase

    CEO

    Total calculated
    $467,861
    From this org
    $0
    From related orgs
    $423,789
    Other
    $44,072
    Hours/week
    40 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $423,789 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $13,800 related
    Nontaxable benefits
    not reported + $30,272 related
    Filer's total
    not reported + $467,861 related
  • Nabiha Syed

    CEO

    Total calculated
    $238,711
    From this org
    $213,489
    From related orgs
    $0
    Other
    $25,222
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,489
    Bonus
    not reported
    Other
    not reported
    Deferred
    $1,785
    Nontaxable benefits
    $23,437
    Filer's total
    $238,711
  • Sisi Wei

    Editor-in-Chief

    Total calculated
    $176,875
    From this org
    $164,869
    From related orgs
    $0
    Other
    $12,006
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,869
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,688
    Nontaxable benefits
    $6,318
    Filer's total
    $176,875
  • Monique O Madan Urrutia

    Journalist

    Total calculated
    $163,302
    From this org
    $114,700
    From related orgs
    $0
    Other
    $48,602
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,700
    Bonus
    not reported
    Other
    not reported
    Deferred
    $3,956
    Nontaxable benefits
    $44,646
    Filer's total
    $163,302
  • Michael Reilly

    Managing Editor

    Total calculated
    $137,656
    From this org
    $113,909
    From related orgs
    $0
    Other
    $23,747
    Hours/week
    40
  • Ali Frances

    Operations Manager

    Total calculated
    $119,793
    From this org
    $89,191
    From related orgs
    $0
    Other
    $30,602
    Hours/week
    40
  • Jon Keegan

    Journalist

    Total calculated
    $118,007
    From this org
    $94,736
    From related orgs
    $0
    Other
    $23,271
    Hours/week
    40
  • Ramsey Isler

    Product Director

    Total calculated
    $104,883
    From this org
    $95,313
    From related orgs
    $0
    Other
    $9,570
    Hours/week
    40
  • David Boardman

    Past Chair

    Total calculated
    $0
    Hours/week
    2
  • Anil Dash

    Director

    Total calculated
    $0
    Hours/week
    2
  • Melissa Harris-Perry

    Director

    Total calculated
    $0
    Hours/week
    2
  • Stuart Karle

    Director

    Total calculated
    $0
    Hours/week
    2
  • Paul Ohm

    Director

    Total calculated
    $0
    Hours/week
    2
  • Nicole Wong

    Director

    Total calculated
    $0
    Hours/week
    2
  • John Boland

    Chair

    Total calculated
    $0
    Hours/week
    2
  • Hema Sareen Mohan

    Vice Chair

    Total calculated
    $0
    Hours/week
    2
  • Leo Wolinsky

    Director

    Total calculated
    $0
    Hours/week
    2

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 · Form 990 of other organizations
  • 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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202503169349304740

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