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Nonprofiteer
← REAL CLEAR FOUNDATION

Form 990 for tax year 2023

Filed by REAL CLEAR FOUNDATION.

Totals

Total revenue
$13,493,125
Total expenses
$8,756,104
Contributions and grants received
$13,303,841
Grants paid
$3,687,258
Program service revenue
$0
Investment income
$47,083
Other revenue
$142,201
Total assets, end of year
$8,912,529
Total liabilities, end of year
$1,642,533
Net assets or fund balances, end of year
$7,269,996
Program services expenses (Part IX)
$6,897,671
Management and general expenses
$1,301,746
Fundraising expenses
$556,687
Program service expenses (Part III)
$6,897,671

Program services were 78.8% 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

    $13,303,841

  • 3 · Investment income

    total $47,083 · excluded $47,083

  • 6a · Gross rents

    real property $304,500

  • 6b · Less rental expenses

    real property $162,299

  • 6c · Rental income or loss

    real property $142,201

  • 6d · Net rental income or loss

    total $142,201 · unrelated business $142,201

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,687,258 · program services $3,687,258

  • 5 · Compensation of officers, directors and key employees

    total $268,500 · management and general $179,000 · fundraising $89,500

  • 7 · Other salaries and wages

    total $2,253,552 · program services $1,604,919 · management and general $392,264 · fundraising $256,369

  • 9 · Other employee benefits

    total $184,109 · program services $114,868 · management and general $47,968 · fundraising $21,273

  • 10 · Payroll taxes

    total $180,503 · program services $126,181 · management and general $30,740 · fundraising $23,582

  • 11g · Fees: other

    total $1,313,409 · program services $1,031,787 · management and general $229,267 · fundraising $52,355

  • 13 · Office expenses

    total $18,126 · management and general $18,126

  • 14 · Information technology

    total $376,513 · program services $310,610 · management and general $3,576 · fundraising $62,327

  • 16 · Occupancy

    total $26,316 · management and general $26,316

  • 19 · Conferences, conventions and meetings

    total $70,691 · program services $16,956 · management and general $2,454 · fundraising $51,281

  • 23 · Insurance

    total $17,557 · program services $5,092 · management and general $12,465

  • 24a · Other expenses: LICENSES AND FEES

    total $351,597 · management and general $351,597

  • 24b · Other expenses: BANK AND CREDIT CARD FE

    total $7,973 · management and general $7,973

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,670,994 · end of year $5,389,621

  • 2 · Savings and temporary cash investments

    end of year $1,040,586

  • 7 · Other notes and loans receivable

    beginning of year $46,699 · end of year $34,699

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

    $2,646,048

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

    $206,398

  • 10c · Land, buildings and equipment, net

    beginning of year $2,512,707 · end of year $2,439,650

  • 14 · Intangible assets

    beginning of year $11,653 · end of year $7,973

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,240 · end of year $5,195

  • 23 · Secured mortgages and notes payable

    beginning of year $1,703,838 · end of year $1,637,338

  • 27 · Net assets without donor restrictions

    beginning of year $1,825,434 · end of year $5,305,966

  • 28 · Net assets with donor restrictions

    beginning of year $707,541 · end of year $1,964,030

Mission and programs · 2023

Mission

THE FOUNDATION'S MISSION IS TO UNDERWRITE NEWS AGGREGATION AND CONTENT WHICH PROMOTES RESPONSIBLE JOURNALISM AND EDUCATIONAL PROGRAMS FOR PUBLIC INTEREST.

Activities or mission (Part I)

SEE PAGE 2.

  • GRANTS AND SUPPORT TO FURTHER THE FOUNDATION'S MISSION OF PROMOTING UNBIASED AGGREGATION OF THE NEWS IN THE INTEREST OF THE PUBLIC, TO PROMOTE THE RECRUITMENT AND TRAINING OF INVESTIGATIVE REPORTERS AND NEWS AGGREGATORS, AND TO CREATE AND PROMOTE RESPONSIBLE PUBLIC OPINION RESEARCH, ALL IN THE INTEREST OF THE PUBLIC.

    Expenses $6,897,671 · Grants $3,687,258

As filed on the 2023 return.

Listed in Part VII

  • David Desrosiers

    PRESIDENT

    Total calculated
    $178,500
    From this org
    $178,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,500
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $178,500

  • John McIntyre

    TREASURER

    Total calculated
    $90,000
    From this org
    $90,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Andrew Walworth

    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 · 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

  • REAL CLEAR HOLDINGS LLC

    $1,832,258

    TO SUPPORT RESPONSIBLE JOURNALISM WITH THE INTEREST OF EDUCATING THE PUBLIC.

  • PALLADIUM PICTURES LLC

    $1,365,000

    TO SUPPORT RESPONSIBLE JOURNALISM WITH THE INTEREST OF EDUCATING THE PUBLIC.

  • DONORS TRUST INC

    $450,000

    TO SUPPORT RESPONSIBLE JOURNALISM WITH THE INTEREST OF EDUCATING THE PUBLIC.

  • REAL CLEAR MEDIA FUND

    $40,000

    TO SUPPORT RESPONSIBLE JOURNALISM WITH THE INTEREST OF EDUCATING THE PUBLIC.

Provenance

Return type
form_990
Tax year
2023
Filed
12 February 2025
IRS schema version
2023v6.0
Source object
202530439349300033

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