Form 990 for tax year 2022

Filed by WASHINGTON MONTHLY INSTITUTE INC.

Totals

Total revenue: $2,014,906
Total expenses: $1,409,890
Contributions and grants received: $1,785,015
Grants paid: $0
Program service revenue: $222,171
Investment income: $62
Other revenue: $7,658
Total assets, end of year: $2,484,190
Total liabilities, end of year: $604,793
Net assets or fund balances, end of year: $1,879,397
Program services expenses (Part IX): $1,127,911
Management and general expenses: $281,979
Fundraising expenses: $0
Program service expenses (Part III): $1,127,911

Program services were 80.0% 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

$1,785,015
2a · Program service revenue: THE WASHINGTON MONTHLY

total $222,171 · related or exempt $57,112 · unrelated business $165,059
3 · Investment income

total $62 · excluded $62
11a · Other revenue: OTHER REVENUE

total $7,658 · related or exempt $7,658
11e · Other revenue, total

$7,658

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $236,167 · program services $188,934 · management and general $47,233
7 · Other salaries and wages

total $385,739 · program services $308,591 · management and general $77,148
9 · Other employee benefits

total $115,111 · program services $92,089 · management and general $23,022
10 · Payroll taxes

total $48,372 · program services $38,698 · management and general $9,674
11a · Fees: management

total $9,200 · program services $7,360 · management and general $1,840
11b · Fees: legal

total $1,385 · program services $1,108 · management and general $277
11c · Fees: accounting

total $33,660 · program services $26,928 · management and general $6,732
11g · Fees: other

total $250,537 · program services $200,430 · management and general $50,107
12 · Advertising and promotion

total $29,993 · program services $23,994 · management and general $5,999
13 · Office expenses

total $19,310 · program services $15,468 · management and general $3,842
14 · Information technology

total $53,340 · program services $42,672 · management and general $10,668
16 · Occupancy

total $43,233 · program services $34,586 · management and general $8,647
17 · Travel

total $2,238 · program services $1,790 · management and general $448
22 · Depreciation, depletion and amortization

total $14,078 · program services $11,262 · management and general $2,816
23 · Insurance

total $14,238 · program services $11,390 · management and general $2,848
24a · Other expenses: READERSHIP COSTS

total $1,127,911 · program services $1,127,911
24b · Other expenses: ISSUE PRINTING & POSTAGE

total $107,461 · program services $85,969 · management and general $21,492
24c · Other expenses: FULFILLMENT COSTS

total $23,689 · program services $18,951 · management and general $4,738
24d · Other expenses: BANK SERVICE CHARGES

total $10,176 · program services $8,141 · management and general $2,035
24e · All other expenses

total -$1,115,948 · program services -$1,118,361 · management and general $2,413

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $422,342 · end of year $999,243
2 · Savings and temporary cash investments

beginning of year $754,078 · end of year $775,715
4 · Accounts receivable

beginning of year $262,488 · end of year $185,600
9 · Prepaid expenses and deferred charges

beginning of year $15,643 · end of year $4,300
10a · Land, buildings and equipment: cost or other basis

$184,630
10b · Land, buildings and equipment: accumulated depreciation

$115,391
10c · Land, buildings and equipment, net

beginning of year $83,317 · end of year $69,239
15 · Other assets

beginning of year $6,416 · end of year $450,093
17 · Accounts payable and accrued expenses

beginning of year $62,789 · end of year $25,042
19 · Deferred revenue

beginning of year $73,543 · end of year $55,918
25 · Other liabilities

beginning of year $133,571 · end of year $523,833
27 · Net assets without donor restrictions

beginning of year $984,381 · end of year $981,544
28 · Net assets with donor restrictions

beginning of year $290,000 · end of year $897,853

Mission and programs · 2022

Mission

DEDICATED TO INCREASING PUBLIC KNOWLEDGE THROUGH WASHINGTON MONTHLY MAGAZINE AND WEBSITE WWW.WASHINGTONMONTHLY.COM PUBLISHED SINCE 1969, THE PRINT MAGAZINE IS THE COUNTRY'S MOST IMPORTANT WATCHDOG OF AMERICAN GOVERNMENT, FOCUSING ON WHAT'S WRONG AND HOW TO FIX IT.

Activities or mission (Part I)

DEDICATED TO INCREASING PUBLIC KNOWLEDGE THROUGH WASHINGTON MONTHLY MAGAZINE AND WEBSITE WWW.WASHINGTONMONTHLY.COM. THE PRINT MAGAZINE, IN ITS 53RD YEAR, IS THE MOST IMPORTANT WATCHDOG OF AMERICAN GOVERNMENT BEING PUBLISHED TODAY, DIAGNOSING WHAT'S AWRY IN WASHINGTON AND WORLD AFFAIRS AND HOW TO FIX IT.

WHILE SMALL LOCAL NEWSPAPERS AND BIG DIGITAL OUTLETS ALIKE HAVE CONTINUED TO DOWNSIZE, THE WASHINGTON MONTHLY'S MEDIA OUTLET IS CELEBRATING ITS 53RD YEAR OF PUBLICATION, STILL DOING WHAT FEWER AND FEWER PUBLICATIONS DO TODAY: TELLING FASCINATING, DEEPLY REPORTED GROUNDBREAKING STORIES ABOUT THE PROBLEMS PREVENTING US FROM MOVING FORWARD AS A NATION AND PROVIDING THE INTELLECTUAL TOOLS NECESSARY TO REFORM OUR GOVERNMENT INSTITUTIONS AND ENHANCE THEIR PERFORMANCE. NO OTHER OUTLET DOES A BETTER JOB OF LOOKING AT THE IDEAS AND CHARACTERS THAT ANIMATE AMERICA'S GOVERNMENT, POLITICS, AND CULTURE. ONE WOULD HAVE TO GO BACK DECADES-TO THE EARLY 1990S, PERHAPS, OR EVEN THE LATE 1970S-TO FIND A MOMENT WHEN THE WASHINGTON MONTHLY'S IDEAS WERE BEING DISCUSSED AND ADVANCED AT THE HIGHEST LEVELS OF GOVERNMENT AS MUCH AS THEY WERE IN 2022. WE'VE SEEN AN UPTAKE IN SOME OF THE CORE POLICY THEMES WE'VE BEEN WRITING ABOUT FOR YEARS. AMONG THE TOPICS COVERED DURING 2022 AGAIN WERE: VOTE-BY-MAIL (A POLICY WE HAVE LONG ADVOCATED AND CHAMPIONED); WHAT TO DO ABOUT THE INCREASING DOMINANCE OF CORPORATE GOLIATHS; SAVING LOCAL JOURNALISM; REFORMING FEDERAL BUREAUCRACIES; CONGRESS AND ELECTORAL REFORM; AND THE PEOPLE AND IDEAS RESHAPING HIGHER EDUCATION. THE WASHINGTON MONTHLY INSTITUTE'S WORK GARNERED NATIONAL ATTENTION - IN THE MEDIA, ON TWITTER, AND ON CAPITOL HILL, WHERE WE HAND-DELIVER THREE COPIES OF EACH ISSUE OF OUR PRINT MAGAZINE. WE ALSO CONTINUE TO PUBLISH THE WIDELY ACCLAIMED COLLEGE GUIDE AND RANKINGS, FEATURING DEEPLY REPORTED ARTICLES ON HIGHER EDUCATION FOR UNDERGRADS, ADULT LEARNERS, AND CERTIFICATE SEEKS. THE GUIDE'S RANKINGS OF COLLEGES AND UNIVERSITIES ARE BASED ON EACH INSTITUTION'S ABILITY TO ENROLL AND GRADUATE STUDENTS OF MODEST MEANS WHILE FOSTERING COMMUNITY SERVICE AND RESEARCH PRODUCTION. SINCE THESE RANKINGS WERE FIRST PUBLISHED IN 2005 THEY HAVE STEADILY GROWN IN INFLUENCE AND PUBLIC AWARENESS. THE WASHINGTON MONTHLY MEDIA OUTLET IS KNOWN FOR HAVING LAUNCHED THE CAREERS OF JOURNALISTS WHO HAVE RISEN TO THE PINNACLE OF THE PROFESSION AND CONTINUES TO TRAIN YOUNG JOURNALISTS WHO GO ON TO POPULATE THE MAINSTREAM MEDIA. FEATURED STORIES AND WHITE PAPERS HIGHLIGHT ISSUES AND FRAME ARGUMENTS THAT ARE OFTEN PICKED UP BY OTHER MEDIA OUTLETS MONTHS OR EVEN YEARS LATER, WHILE OUR WEBSITE (WWW.WASHINGTONMONTHLY.COM) PROVIDES ONLINE COMMENTARY AND ANALYSIS THAT'S INFORMATIVE, UNIQUE, AND LASER-FOCUSED ON THE CHALLENGING ISSUES FACING OUR DEMOCRACY.

Expenses $1,127,911

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Paul GlastrisPAUL GLASTRIS

EDITOR IN CH

Total calculated

$137,500

From this org

$137,500

From related orgs

$0

Other

$0

Hours/week

40
Nicholas LemannNICHOLAS LEMANN

CHAIR

Total calculated

$0

Hours/week

2
Steven WaldmanSTEVEN WALDMAN

DIRECTOR

Total calculated

$0

Hours/week

2
Michelle CottleMICHELLE COTTLE

DIRECTOR

Total calculated

$0

Hours/week

2
Michael SorrellMICHAEL SORRELL

DIRECTOR

Total calculated

$0

Hours/week

2
Terry EdmondsTERRY EDMONDS

DIRECTOR

Total calculated

$0

Hours/week

2
Alice Gallin-DwyerALICE GALLIN-DWYER

DEPUTY DIREC

Total calculated

$98,667

From this org

$98,667

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.

Grants on this return

No itemized grants to organizations on this return.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

WASHINGTON MONTHLY LLC

PUBLISHING · DC

Directly controlled by WASHINGTON MONTHLY CORPORATION

Provenance

Return type: form_990
Tax year: 2022
Filed: 21 September 2023
IRS schema version: 2022v5.0
Source object: 202342829349301424

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