Skip to content
Nonprofiteer
← THE INTERCEPT MEDIA INC

Form 990 for tax year 2023

Filed by THE INTERCEPT MEDIA INC.

Totals

Total revenue
$18,961,623
Total expenses
$11,189,635
Contributions and grants received
$18,747,165
Grants paid
$0
Program service revenue
$59,475
Investment income
$152,838
Other revenue
$2,145
Total assets, end of year
$7,901,490
Total liabilities, end of year
$129,502
Net assets or fund balances, end of year
$7,771,988
Program services expenses (Part IX)
$8,204,366
Management and general expenses
$1,427,358
Fundraising expenses
$1,557,911
Program service expenses (Part III)
$8,204,366

Program services were 73.3% 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

    $18,747,165

  • 1g · Noncash contributions included above

    $21,876

  • 2a · Program service revenue: LICENSING/COMMISSION

    total $59,475 · related or exempt $59,475

  • 3 · Investment income

    total $152,838 · excluded $152,838

  • 11a · Other revenue: OTHER INCOME

    total $2,145 · related or exempt $2,145

  • 11e · Other revenue, total

    $2,145

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,973,819 · program services $1,394,563 · management and general $463,915 · fundraising $115,341

  • 7 · Other salaries and wages

    total $5,241,527 · program services $4,370,442 · management and general $182,329 · fundraising $688,756

  • 8 · Pension plan contributions

    total $124,927 · program services $105,440 · management and general $2,228 · fundraising $17,259

  • 9 · Other employee benefits

    total $529,149 · program services $420,374 · management and general $41,671 · fundraising $67,104

  • 10 · Payroll taxes

    total $615,385 · program services $491,939 · management and general $53,969 · fundraising $69,477

  • 11b · Fees: legal

    total $107,099 · program services $15,897 · management and general $91,202

  • 11c · Fees: accounting

    total $127,748 · management and general $127,748

  • 11g · Fees: other

    total $1,186,241 · program services $704,287 · management and general $244,051 · fundraising $237,903

  • 12 · Advertising and promotion

    total $9,613 · program services $5,635 · management and general $49 · fundraising $3,929

  • 13 · Office expenses

    total $299,388 · program services $53,715 · management and general $54,481 · fundraising $191,192

  • 14 · Information technology

    total $335,891 · program services $206,545 · management and general $41,491 · fundraising $87,855

  • 16 · Occupancy

    total $11,721 · program services $1,978 · management and general $8,152 · fundraising $1,591

  • 17 · Travel

    total $219,916 · program services $82,876 · management and general $95,475 · fundraising $41,565

  • 22 · Depreciation, depletion and amortization

    total $22,917 · program services $17,439 · management and general $2,558 · fundraising $2,920

  • 23 · Insurance

    total $155,599 · program services $118,820 · management and general $16,952 · fundraising $19,827

  • 24a · Other expenses: COMMUNICATIONS

    total $122,756 · program services $109,126 · management and general $438 · fundraising $13,192

  • 24b · Other expenses: LICENSING/COMMISSIONS

    total $105,939 · program services $105,290 · management and general $649

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    end of year $573,233

  • 3 · Pledges and grants receivable

    end of year $6,327,426

  • 9 · Prepaid expenses and deferred charges

    end of year $97,037

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

    $137,500

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

    $22,917

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $114,583

  • 15 · Other assets

    beginning of year $0 · end of year $789,211

  • 17 · Accounts payable and accrued expenses

    end of year $129,502

  • 27 · Net assets without donor restrictions

    end of year $1,360,160

  • 28 · Net assets with donor restrictions

    end of year $6,411,828

Mission and programs · 2023

Mission

THE INTERCEPT MEDIA, INC. IS THE PUBLISHER OF THE INTERCEPT, A NEWS ORGANIZATION THAT EDUCATES THE PUBLIC THOUGH ITS INVESTIGATIVE JOURNALISM WITH A FOCUS ON POLITICS, ENVIRONMENT, CRIMINAL JUSTICE, NATIONAL SECURITY, TECHNOLOGY AND IMMIGRATION.

Activities or mission (Part I)

THE INTERCEPT MEDIA, INC. IS THE PUBLISHER OF THE INTERCEPT, A NEWS ORGANIZATION THAT EDUCATES THE PUBLIC THOUGH ITS INVESTIGATIVE JOURNALISM WITH A FOCUS ON POLITICS, ENVIRONMENT, CRIMINAL JUSTICE, NATIONAL SECURITY, TECHNOLOGY AND IMMIGRATION. DURING 2023, THE INTERCEPT PURSUED ITS TRADEMARK MIX OF DEEP INVESTIGATIONS, HARD HITTING SCOOPS AND INCISIVE ANALYSIS. THE INTERCEPT COVERED CORRUPTION AT THE SUPREME COURT, RON DESANTIS'S RUTHLESS POLITICAL MACHINE, QUESTIONABLE AI WEAPONS DETECTION SYSTEMS, AND THE GROWING PHENOMENON OF SURVEILLANCE BY HOMEOWNERS ASSOCIATIONS. IT EXPOSED FBI ENTRAPMENT SCHEMES, ONE OF WHICH TARGETED A MENTALLY DISABLED CHILD. THE INTERCEPT ENDED THE YEAR WITH A BLOCKBUSTER ARTICLE ON HOW THE UNITED STATES STATE DEPARTMENT TRIED TO INFLUENCE PAKISTAN'S NEUTRALITY TOWARD THE WAR IN UKRAINE.

  • INVESTIGATIVE JOURNALISMTHE INTERCEPT MEDIA, INC. IS THE PUBLISHER OF THE INTERCEPT, A NEWS ORGANIZATION THAT EDUCATES THE PUBLIC THOUGH ITS INVESTIGATIVE JOURNALISM WITH A FOCUS ON POLITICS, ENVIRONMENT, CRIMINAL JUSTICE, NATIONAL SECURITY, TECHNOLOGY AND IMMIGRATION.

    Expenses $8,204,366 · Revenue $61,620

As filed on the 2023 return.

Listed in Part VII

  • Pat Christen

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Adam Gunther

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Michael D Mann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Maria Ressa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Bralow

    SECRETARY - GENERAL COUNSEL

    Total calculated
    $365,816
    From this org
    $322,873
    From related orgs
    $0
    Other
    $42,943
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $322,873
    Bonus
    $0
    Other
    $0
    Deferred
    $10,424
    Nontaxable benefits
    $32,519
    Filer's total
    $365,816
  • Annie Chabel

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $230,682
    From this org
    $218,917
    From related orgs
    $0
    Other
    $11,765
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,917
    Bonus
    $0
    Other
    $0
    Deferred
    $5,501
    Nontaxable benefits
    $6,264
    Filer's total
    $230,682
  • Miroslav Macala

    CHIEF OPERATING OFFICER

    Total calculated
    $238,830
    From this org
    $231,392
    From related orgs
    $0
    Other
    $7,438
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,392
    Bonus
    $10,000
    Other
    $0
    Deferred
    $7,438
    Nontaxable benefits
    $0
    Filer's total
    $238,830
  • Roger Hodge

    EDITOR-IN-CHIEF

    Total calculated
    $427,298
    From this org
    $396,004
    From related orgs
    $0
    Other
    $31,294
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $296,004
    Bonus
    $100,000
    Other
    $0
    Deferred
    $12,156
    Nontaxable benefits
    $19,138
    Filer's total
    $427,298
  • Ryan Grim

    DC BUREAU CHIEF

    Total calculated
    $409,261
    From this org
    $379,723
    From related orgs
    $0
    Other
    $29,538
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $254,723
    Bonus
    $125,000
    Other
    $0
    Deferred
    $9,020
    Nontaxable benefits
    $20,518
    Filer's total
    $409,261
  • Jeremy Scahill

    SENIOR CORRESPONDENT

    Total calculated
    $301,933
    From this org
    $279,647
    From related orgs
    $0
    Other
    $22,286
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,647
    Bonus
    $50,000
    Other
    $0
    Deferred
    $7,768
    Nontaxable benefits
    $14,518
    Filer's total
    $301,933
  • Peter Maass

    SENIOR EDITOR

    Total calculated
    $225,236
    From this org
    $217,421
    From related orgs
    $0
    Other
    $7,815
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,421
    Bonus
    $0
    Other
    $0
    Deferred
    $7,815
    Nontaxable benefits
    $0
    Filer's total
    $225,236
  • Vanessa Gezari

    NATIONAL SECURITY EDITOR

    Total calculated
    $200,812
    From this org
    $193,838
    From related orgs
    $0
    Other
    $6,974
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,838
    Bonus
    $0
    Other
    $0
    Deferred
    $6,974
    Nontaxable benefits
    $0
    Filer's total
    $200,812
  • Micah Lee

    DIRECTOR OF INFORMATION SECURITY

    Total calculated
    $238,486
    From this org
    $216,273
    From related orgs
    $0
    Other
    $22,213
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,273
    Bonus
    $0
    Other
    $0
    Deferred
    $3,655
    Nontaxable benefits
    $18,558
    Filer's total
    $238,486
  • Kenneth Klippenstein

    INVESTIGATIVE REPORTER

    Total calculated
    $213,439
    From this org
    $208,790
    From related orgs
    $0
    Other
    $4,649
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,790
    Bonus
    $25,000
    Other
    $0
    Deferred
    $4,649
    Nontaxable benefits
    $0
    Filer's total
    $213,439
  • James Risen

    SR. NATIONAL SECURITY CORRESPONDENT

    Total calculated
    $224,493
    From this org
    $193,443
    From related orgs
    $0
    Other
    $31,050
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,443
    Bonus
    $0
    Other
    $0
    Deferred
    $5,488
    Nontaxable benefits
    $25,562
    Filer's total
    $224,493

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 · Written employment contract
  • 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
8 November 2024
IRS schema version
2023v5.1
Source object
202413139349303936

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.