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Nonprofiteer
← TRACE MEDIA INC

Form 990 for tax year 2024

Filed by TRACE MEDIA INC.

Totals

Total revenue
$6,308,861
Total expenses
$5,174,682
Contributions and grants received
$6,255,296
Grants paid
$0
Program service revenue
$2,500
Investment income
$25,776
Other revenue
$25,289
Total assets, end of year
$4,537,799
Total liabilities, end of year
$103,737
Net assets or fund balances, end of year
$4,434,062
Program services expenses (Part IX)
$4,241,391
Management and general expenses
$416,675
Fundraising expenses
$516,616
Program service expenses (Part III)
$4,241,391

Program services were 82.0% 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

    $6,255,296

  • 2a · Program service revenue: LICENSING INCOME

    total $2,500 · related or exempt $2,500

  • 3 · Investment income

    total $25,776 · excluded $25,776

  • 11d · All other revenue

    total $25,289 · excluded $25,289

  • 11e · Other revenue, total

    $25,289

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $258,548 · program services $38,782 · management and general $53,051 · fundraising $166,715

  • 7 · Other salaries and wages

    total $2,842,770 · program services $2,752,959 · management and general $89,489 · fundraising $322

  • 8 · Pension plan contributions

    total $84,459 · program services $76,997 · management and general $3,657 · fundraising $3,805

  • 9 · Other employee benefits

    total $488,348 · program services $482,186 · management and general $6,162

  • 10 · Payroll taxes

    total $226,763 · program services $206,727 · management and general $15,852 · fundraising $4,184

  • 11b · Fees: legal

    total $18,595 · program services $15,105 · management and general $1,710 · fundraising $1,780

  • 11c · Fees: accounting

    total $174,983 · management and general $174,983

  • 11e · Fees: professional fundraising services

    total $265,415 · fundraising $265,415

  • 11g · Fees: other

    total $333,459 · program services $282,560 · management and general $16,123 · fundraising $34,776

  • 12 · Advertising and promotion

    total $6,601 · management and general $6,601

  • 13 · Office expenses

    total $142,336 · program services $107,223 · management and general $23,809 · fundraising $11,304

  • 14 · Information technology

    total $124,955 · program services $104,949 · management and general $9,793 · fundraising $10,213

  • 17 · Travel

    total $102,450 · program services $86,176 · management and general $7,066 · fundraising $9,208

  • 19 · Conferences, conventions and meetings

    total $31,497 · program services $25,264 · management and general $2,948 · fundraising $3,285

  • 22 · Depreciation, depletion and amortization

    total $25,364 · program services $20,604 · management and general $2,333 · fundraising $2,427

  • 23 · Insurance

    total $39,471 · program services $33,231 · management and general $3,058 · fundraising $3,182

  • 24a · Other expenses: MISCELLANEOUS

    total $8,668 · program services $8,628 · management and general $40

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $833,619 · end of year $1,426,098

  • 2 · Savings and temporary cash investments

    beginning of year $856,441 · end of year $882,217

  • 3 · Pledges and grants receivable

    beginning of year $1,601,110 · end of year $1,951,427

  • 4 · Accounts receivable

    beginning of year $9,047 · end of year $19,848

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,731 · end of year $37,517

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

    $251,136

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

    $30,444

  • 10c · Land, buildings and equipment, net

    beginning of year $14,669 · end of year $220,692

  • 17 · Accounts payable and accrued expenses

    beginning of year $41,734 · end of year $103,737

  • 27 · Net assets without donor restrictions

    beginning of year $1,030,714 · end of year $870,264

  • 28 · Net assets with donor restrictions

    beginning of year $2,269,169 · end of year $3,563,798

Mission and programs · 2024

Mission

THE TRACE IS AN INDEPENDENT, NONPARTISAN, READER-SUPPORTED NONPROFIT JOURNALISM ORGANIZATION DEDICATED TO REPORTING ON GUN VIOLENCE IN THE UNITED STATES. EMPLOYING THE FULL TOOLSETS OF MODERN INVESTIGATIVE REPORTING AND AUDIENCE ENGAGEMENT, WE STRIVE TO EXPAND PUBLIC KNOWLEDGE AND ACCOUNTABILITY REGARDING AN ISSUE OF UNDER-APPRECIATED NATIONAL SIGNIFICANCE.

Activities or mission (Part I)

IN 2024, THE TRACE'S PROGRAM ACCOMPLISHMENTS INCLUDED PUBLISHING MORE THAN 400 INVESTIGATIONS, NEWS ARTICLES, AND NEWSLETTER BRIEFINGS, INFORMING AN AUDIENCE OF NEARLY 10 MILLION PEOPLE VIA THETRACE.ORG, THIRD-PARTY PLATFORMS, AND REPUBLICATION OF OUR JOURNALISM BY OTHER NEWS OUTLETS. WHILE ENGAGING THE PERSPECTIVES OF SHOOTING VICTIMS, SURVIVORS, GUN OWNERS, SCHOLARS, AND POLICYMAKERS, THE TRACE REPORTED ON OVERLOOKED DIMENSIONS OF GUN VIOLENCE, INCLUDING THE RISE OF GUN HOMICIDES AND ASSAULTS IN SMALL CITIES AND RURAL COMMUNITIES; OUR COVERAGE ALSO IMPROVED UNDERSTANDING OF LIFE-SAVING INTERVENTIONS THAT HAVE BIPARTISAN SUPPORT. OTHER FOCUSES OF OUR COVERAGE IN 2024 WERE THE MOUNTING LEGAL CHALLENGES TO FIREARM LAWS AND SOURCES OF CRIME WEAPONS. THROUGH THE TRACE'S LOCAL REPORTING INITIATIVE, WE HELD OFFICIALS IN CHICAGO AND PHILADELPHIA ACCOUNTABLE FOR THEIR RESPONSES TO GUN VIOLENCE.

  • TRACE MEDIA INC. ("THE TRACE") IS A NONPROFIT, NONPARTISAN MEDIA ORGANIZATION THAT PROVIDES THE PUBLIC WITH ORIGINAL REPORTING AND ANALYSIS OF GUN VIOLENCE IN THE UNITED STATES. IN 2024, THE TRACE'S PROGRAM ACCOMPLISHMENTS INCLUDED PUBLISHING MORE THAN 400 INVESTIGATIONS, NEWS ARTICLES, AND NEWSLETTER BRIEFINGS, INFORMING AN AUDIENCE OF NEARLY 10 MILLION PEOPLE VIA THETRACE.ORG, THIRD-PARTY PLATFORMS, AND REPUBLICATION OF OUR JOURNALISM BY OTHER NEWS OUTLETS. WHILE ENGAGING THE PERSPECTIVES OF SHOOTING VICTIMS, SURVIVORS, GUN OWNERS, SCHOLARS, AND POLICYMAKERS, THE TRACE REPORTED ON OVERLOOKED DIMENSIONS OF GUN VIOLENCE, INCLUDING THE RISE OF GUN HOMICIDES AND ASSAULTS IN SMALL CITIES AND RURAL COMMUNITIES; OUR COVERAGE ALSO IMPROVED UNDERSTANDING OF LIFE-SAVING INTERVENTIONS THAT HAVE BIPARTISAN SUPPORT. OTHER FOCUSES OF OUR COVERAGE IN 2024 WERE THE MOUNTING LEGAL CHALLENGES TO FIREARM LAWS AND SOURCES OF CRIME WEAPONS. THROUGH THE TRACE'S LOCAL REPORTING INITIATIVE, WE HELD OFFICIALS IN CHICAGO AND PHILADELPHIA ACCOUNTABLE FOR THEIR RESPONSES TO GUN VIOLENCE. TO HELP JOURNALISTS IN OTHER COMMUNITIES PRODUCE MORE IN-DEPTH COVERAGE OF GUN VIOLENCE AS A PUBLIC SAFETY, THE TRACE LAUNCHED A UNIQUE GUN VIOLENCE DATA HUB. OVERALL, OUR WORK AIMED TO FOSTER A MORE INFORMED PUBLIC DISCOURSE ON THE COMPLEX ISSUE OF GUN VIOLENCE.

    Expenses $4,241,391 · Revenue $2,500

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Feinblatt

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Mike Brouillard

    SECRETARY AND TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Stephan Friedman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Elizabeth Hansen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Jelani Cobb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • James Burnett

    MANAGING DIRECTOR

    Total calculated
    $258,548
    From this org
    $209,988
    From related orgs
    $0
    Other
    $48,560
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,988
    Bonus
    $0
    Other
    $0
    Deferred
    $8,400
    Nontaxable benefits
    $40,160
    Filer's total
    $258,548
  • Taliesin Woodward

    EDITOR IN CHIEF

    Total calculated
    $280,095
    From this org
    $231,135
    From related orgs
    $0
    Other
    $48,960
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,135
    Bonus
    $15,000
    Other
    $0
    Deferred
    $8,800
    Nontaxable benefits
    $40,160
    Filer's total
    $280,095
  • Craig Hunter

    EXECUTIVE EDITOR

    Total calculated
    $189,909
    From this org
    $169,988
    From related orgs
    $0
    Other
    $19,921
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,988
    Bonus
    $0
    Other
    $0
    Deferred
    $6,800
    Nontaxable benefits
    $13,121
    Filer's total
    $189,909
  • Michael Spies

    SENIOR WRITER

    Total calculated
    $161,945
    From this org
    $155,300
    From related orgs
    $0
    Other
    $6,645
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,300
    Bonus
    $0
    Other
    $0
    Deferred
    $6,212
    Nontaxable benefits
    $433
    Filer's total
    $161,945
  • Samantha Heather Allen Storey

    MANAGING EDITOR

    Total calculated
    $188,043
    From this org
    $139,988
    From related orgs
    $0
    Other
    $48,055
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,988
    Bonus
    $0
    Other
    $0
    Deferred
    $4,900
    Nontaxable benefits
    $43,155
    Filer's total
    $188,043
  • Christian Van Sant

    STAFF WRITER

    Total calculated
    $171,214
    From this org
    $125,630
    From related orgs
    $0
    Other
    $45,584
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,630
    Bonus
    $0
    Other
    $0
    Deferred
    $5,424
    Nontaxable benefits
    $40,160
    Filer's total
    $171,214

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
4 November 2025
IRS schema version
2024v5.2
Source object
202513099349303176

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