Totals
- Total revenue
- $3,750,835
- Total expenses
- $3,248,587
- Contributions and grants received
- $3,839,132
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $91,931
- Other revenue
- -$180,228
- Total assets, end of year
- $3,992,333
- Total liabilities, end of year
- $49,993
- Net assets or fund balances, end of year
- $3,942,340
- Program services expenses (Part IX)
- $2,345,630
- Management and general expenses
- $500,551
- Fundraising expenses
- $402,406
- Program service expenses (Part III)
- $2,345,630
Program services were 72.2% 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.
-
1c · Fundraising events
$209,000
-
1f · All other contributions, gifts and grants
$3,630,132
-
1g · Noncash contributions included above
$111,900
-
3 · Investment income
total $91,931 · unrelated business $0 · excluded $91,931
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$209,000
-
8b · Fundraising events: direct expenses
$180,228
-
8c · Net income from fundraising events
total -$180,228 · unrelated business $0 · excluded -$180,228
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $302,308 · program services $253,757 · management and general $14,964 · fundraising $33,587
-
7 · Other salaries and wages
total $1,598,792 · program services $1,342,026 · management and general $79,140 · fundraising $177,626
-
9 · Other employee benefits
total $73,258 · program services $61,493 · management and general $3,626 · fundraising $8,139
-
10 · Payroll taxes
total $149,003 · program services $125,073 · management and general $7,376 · fundraising $16,554
-
11b · Fees: legal
total $59,445 · program services $0 · management and general $59,445 · fundraising $0
-
11c · Fees: accounting
total $39,770 · program services $0 · management and general $39,770 · fundraising $0
-
11f · Fees: investment management
total $1,250 · program services $0 · management and general $1,250 · fundraising $0
-
11g · Fees: other
total $118,879 · program services $84,881 · management and general $32,915 · fundraising $1,083
-
13 · Office expenses
total $277,597 · program services $103,109 · management and general $92,961 · fundraising $81,527
-
16 · Occupancy
total $175,318 · program services $144,483 · management and general $15,308 · fundraising $15,527
-
17 · Travel
total $56,526 · program services $40,743 · management and general $9,674 · fundraising $6,109
-
19 · Conferences, conventions and meetings
total $2,867 · program services $2,867 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $96,000 · program services $0 · management and general $96,000 · fundraising $0
-
23 · Insurance
total $100,326 · program services $100,326 · management and general $0 · fundraising $0
-
24a · Other expenses: POSTAGE AND DELIVERY
total $149,024 · program services $51,041 · management and general $40,112 · fundraising $57,871
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $48,224 · program services $35,831 · management and general $8,010 · fundraising $4,383
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,950,306 · end of year $344,020
-
2 · Savings and temporary cash investments
end of year $2,999,031
-
4 · Accounts receivable
beginning of year $324,509 · end of year $152,645
-
9 · Prepaid expenses and deferred charges
beginning of year $269 · end of year $50,786
-
10a · Land, buildings and equipment: cost or other basis
$253,906
-
10b · Land, buildings and equipment: accumulated depreciation
$157,906
-
10c · Land, buildings and equipment, net
beginning of year $192,000 · end of year $96,000
-
11 · Investments: publicly traded securities
end of year $349,851
-
17 · Accounts payable and accrued expenses
beginning of year $56,674 · end of year $49,993
-
27 · Net assets without donor restrictions
beginning of year $1,898,176 · end of year $3,942,340
-
28 · Net assets with donor restrictions
beginning of year $1,512,234 · end of year $0
Mission and programs · 2023
Mission
FORMED WITH A MISSION TO TRAIN UP-AND-COMING REPORTERS AND EDITORS,TO CARRY OUT INVESTIGATIVE REPORTING, AND TO PERFORM DEEP POLICY REPORTING WITH A PURPOSE OF CONSUMER AWARENESS AND EDUCATION.
-
FELLOWS (AMERICAN JOURNALISM INSTITUTE): OUR FELLOWSHIP PROGRAM TRAINS YOUNG REPORTERS AND EDITORS THROUGH A TWO-YEAR ON THE JOB TRAINING PROGRAM.
Expenses $1,509,616
-
INVESTIGATIVE GROUP: WE HOST AN EXPERIENCED TEAM OF INVESTIGATIVE JOURNALISTS WITH A STRONG RECORD OF BREAKING ORIGINAL NEWS STORIES
Expenses $585,944
-
COMMENTARY: OUR POLICY REPORTING TEAM REPORTS ON NUMEROUS DOMESTIC AND FOREIGN POLICY MATTERS INCLUDING ENERGY, EDUCATION, ONLINE VIDEO JOURNALISM, AND NATIONAL SECURITY.
Expenses $160,513
-
WE HOST AN ANNUAL AWARDS DINNER FOR OUR JOURNALIST AND SPECIAL GUESTS.
Expenses $89,557
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Christopher BedfordCHRISTOPHER BEDFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
William CervenyWILLIAM CERVENY
DIRECTOR
- Total calculated
- $10,000
- From this org
- $10,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.1
-
Marcus SterneMARCUS STERNE
DIRECTOR
- Total calculated
- $10,000
- From this org
- $10,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.1
-
Buckley CarlsonBUCKLEY CARLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Neil PatelNEIL PATEL
CHAIRMAN
- Total calculated
- $150,000
- From this org
- $150,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
-
Adele MalpassADELE MALPASS
PRESIDENT
- Total calculated
- $152,308
- From this org
- $152,308
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,308
- Bonus
- $10,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $152,308
-
Laurie DuganLAURIE DUGAN
CHIEF DEV. OFFICER
- Total calculated
- $165,000
- From this org
- $165,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,000
- Bonus
- $10,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $165,000
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
None.
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
- 11 April 2024
- IRS schema version
- 2023v5.1
- Source object
- 202441719349300424
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