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← NATIONAL REVIEW INSTITUTE

Form 990 for tax year 2024

Filed by NATIONAL REVIEW INSTITUTE.

Totals

Total revenue
$9,139,888
Total expenses
$7,480,898
Contributions and grants received
$8,725,737
Grants paid
$300,000
Program service revenue
$47,125
Investment income
$1,103,992
Other revenue
-$736,966
Total assets, end of year
$15,587,549
Total liabilities, end of year
$2,394,764
Net assets or fund balances, end of year
$13,192,785
Program services expenses (Part IX)
$5,997,061
Management and general expenses
$443,220
Fundraising expenses
$1,040,617
Program service expenses (Part III)
$5,997,061

Program services were 80.2% 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

    $2,064,259

  • 1f · All other contributions, gifts and grants

    $6,661,478

  • 1g · Noncash contributions included above

    $1,145,882

  • 2a · Program service revenue: BURKE TO BUCKLEY

    total $47,125 · related or exempt $47,125

  • 3 · Investment income

    total $165,102 · excluded $165,102

  • 7a · Gross sales of assets other than inventory

    securities $2,203,041

  • 7b · Less cost or other basis and sales expenses

    securities $1,264,151

  • 7c · Gain or loss

    securities $938,890

  • 7d · Net gain or loss

    total $938,890 · excluded $938,890

  • 8a · Fundraising events: gross income

    $302,650

  • 8a · Fundraising events: contributions included on line 1c

    $2,064,259

  • 8b · Fundraising events: direct expenses

    $1,044,096

  • 8c · Net income from fundraising events

    total -$741,446 · excluded -$741,446

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $4,480 · excluded $4,480

  • 11e · Other revenue, total

    $4,480

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $300,000 · program services $300,000

  • 5 · Compensation of officers, directors and key employees

    total $546,199 · program services $461,885 · management and general $31,618 · fundraising $52,696

  • 7 · Other salaries and wages

    total $3,190,959 · program services $2,699,793 · management and general $184,188 · fundraising $306,978

  • 8 · Pension plan contributions

    total $29,901 · program services $26,448 · management and general $1,350 · fundraising $2,103

  • 9 · Other employee benefits

    total $307,989 · program services $265,485 · management and general $16,221 · fundraising $26,283

  • 10 · Payroll taxes

    total $217,505 · program services $182,704 · management and general $13,050 · fundraising $21,751

  • 11b · Fees: legal

    total $49,437 · program services $39,559 · management and general $4,245 · fundraising $5,633

  • 11c · Fees: accounting

    total $94,500 · program services $75,619 · management and general $8,114 · fundraising $10,767

  • 11f · Fees: investment management

    total $68 · management and general $68

  • 11g · Fees: other

    total $474,582 · program services $215,300 · management and general $45,723 · fundraising $213,559

  • 12 · Advertising and promotion

    total $307,799 · program services $246,239 · management and general $30,780 · fundraising $30,780

  • 13 · Office expenses

    total $190,451 · program services $154,631 · management and general $14,310 · fundraising $21,510

  • 14 · Information technology

    total $169,037 · program services $5,049 · management and general $41,098 · fundraising $122,890

  • 16 · Occupancy

    total $269,266 · program services $234,261 · management and general $13,464 · fundraising $21,541

  • 17 · Travel

    total $244,592 · program services $190,306 · management and general $1,255 · fundraising $53,031

  • 22 · Depreciation, depletion and amortization

    total $57,700 · program services $50,199 · management and general $2,885 · fundraising $4,616

  • 23 · Insurance

    total $12,570 · program services $10,936 · management and general $628 · fundraising $1,006

  • 24a · Other expenses: PROGRAMS & EVENTS

    total $741,006 · program services $741,006

  • 24b · Other expenses: DIRECT MAILINGS

    total $128,206 · program services $25,641 · fundraising $102,565

  • 24c · Other expenses: TRADEMARK LICENSING FEE

    total $90,000 · program services $72,000 · management and general $9,000 · fundraising $9,000

  • 24d · Other expenses: MERCHANT & REGISTRATION

    total $59,131 · management and general $25,223 · fundraising $33,908

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $287,481 · end of year $497,496

  • 2 · Savings and temporary cash investments

    beginning of year $2,761,972 · end of year $4,503,203

  • 3 · Pledges and grants receivable

    beginning of year $701,152 · end of year $550,645

  • 9 · Prepaid expenses and deferred charges

    beginning of year $212,125 · end of year $169,344

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

    $562,282

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

    $419,024

  • 10c · Land, buildings and equipment, net

    beginning of year $198,000 · end of year $143,258

  • 11 · Investments: publicly traded securities

    beginning of year $1,024,177

  • 12 · Investments: other securities

    beginning of year $7,583,654 · end of year $7,583,654

  • 14 · Intangible assets

    beginning of year $2,178,178 · end of year $1,733,114

  • 15 · Other assets

    beginning of year $416,911 · end of year $406,835

  • 17 · Accounts payable and accrued expenses

    beginning of year $199,280 · end of year $230,916

  • 25 · Other liabilities

    beginning of year $2,719,164 · end of year $2,163,848

  • 27 · Net assets without donor restrictions

    beginning of year $11,099,616 · end of year $11,907,424

  • 28 · Net assets with donor restrictions

    beginning of year $1,345,590 · end of year $1,285,361

Mission and programs · 2024

Mission

EXPAND THE UNDERSTANDING OF CONSERVATIVE PRINCIPLES AND PHILOSOPHY IN SOCIETY AND CULTURE.

  • PROMOTE ACTIVITIES THAT EXPAND THE UNDERSTANDING OF CONSERVATIVE PRINCIPLES AND PHILOSOPHY IN SOCIETY AND CULTURE BY EDUCATING AND INFORMING THE GENERAL PUBLIC IN THE FIELDS OF POLITICAL SCIENCE, HISTORY, FREE MARKET ECONOMICS, RELIGION AND WESTERN CIVILIZATION.

    Expenses $5,997,061 · Grants $300,000 · Revenue $47,125

As filed on the 2024 return.

Listed in Part VII

  • Lindsay Craig

    OUTGOING PRESIDENT (11/2024)

    Total calculated
    $422,593
    From this org
    $390,464
    From related orgs
    $0
    Other
    $32,129
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $389,593
    Bonus
    $0
    Other
    $871
    Deferred
    $3,458
    Nontaxable benefits
    $28,671
    Filer's total
    $422,593
  • Richard Lowry

    TRUSTEE

    Total calculated
    $467,779
    From this org
    $0
    From related orgs
    $423,112
    Other
    $44,667
    Hours/week
    0.23 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $421,094 related
    Bonus
    $0
    Other
    $0 + $2,018 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $34,317 related
    Filer's total
    $0 + $467,779 related
  • Brian Murdock

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.23
  • Chuck Defeo

    CEO

    Total calculated
    $341,981
    From this org
    $0
    From related orgs
    $317,140
    Other
    $24,841
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $316,399 related
    Bonus
    $0
    Other
    $0 + $741 related
    Deferred
    $0 + $3,384 related
    Nontaxable benefits
    $0 + $21,457 related
    Filer's total
    $0 + $341,981 related
  • Adam Meyerson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.23
  • Alec Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.23
  • Carl Helstrom

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.23
  • Dale R Brott

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.23
  • David Bahnsen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.23
  • John Buser

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.23
  • Karen Wright

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.23
  • Liz Peek

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.23
  • L Stanton Towne

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.23
  • Pat Toomey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.23
  • Peter J Travers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.23
  • Richard Spencer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.23
  • Robert F Agostinelli

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.23
  • John Korpacz

    OUTGOING CFO (2/2025)

    Total calculated
    $246,244
    From this org
    $210,503
    From related orgs
    $0
    Other
    $35,741
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,018
    Bonus
    $0
    Other
    $1,485
    Deferred
    $4,142
    Nontaxable benefits
    $31,599
    Filer's total
    $246,244
  • Andrew Stuttaford

    FELLOW

    Total calculated
    $268,242
    From this org
    $181,818
    From related orgs
    $50,000
    Other
    $36,424
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $180,595 + $50,000 related
    Bonus
    $0
    Other
    $1,223
    Deferred
    $6,018
    Nontaxable benefits
    $30,406
    Filer's total
    $218,242 + $50,000 related
  • James Geraghty

    FELLOW

    Total calculated
    $189,752
    From this org
    $148,177
    From related orgs
    $37,000
    Other
    $4,575
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $148,000 + $37,000 related
    Bonus
    $0
    Other
    $177
    Deferred
    $4,575
    Nontaxable benefits
    $0
    Filer's total
    $152,752 + $37,000 related
  • Nicholas Mosvick

    FELLOW

    Total calculated
    $151,522
    From this org
    $138,744
    From related orgs
    $0
    Other
    $12,778
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $138,645
    Bonus
    $0
    Other
    $99
    Deferred
    $4,214
    Nontaxable benefits
    $8,564
    Filer's total
    $151,522
  • Daniel McLaughlin

    FELLOW

    Total calculated
    $163,619
    From this org
    $127,216
    From related orgs
    $32,000
    Other
    $4,403
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $127,000 + $32,000 related
    Bonus
    $0
    Other
    $216
    Deferred
    $3,931
    Nontaxable benefits
    $472
    Filer's total
    $131,619 + $32,000 related
  • Jay Nordlinger

    FELLOW

    Total calculated
    $155,567
    From this org
    $145,064
    From related orgs
    $0
    Other
    $10,503
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $145,064
    Bonus
    $0
    Other
    $0
    Deferred
    $3,007
    Nontaxable benefits
    $7,496
    Filer's total
    $155,567

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 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

  • NATIONAL REVIEW INC

    $300,000

    TO SUPPORT THE ORGANIZATION'S INITIATIVE TO PROVIDE IMPARTIAL AND EDUCATIONAL REVIEWS OF BOOKS, MOVIES, AND OTHER CULTURAL MATERIALS, THEREBY FOSTERING PUBLIC UNDERSTANDING, INFORMED DECISION-MAKING, AND BROAD EDUCATIONAL AND CULTURAL ENRICHMENT.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NATIONAL REVIEW INC

    C · MAGAZINE & MEDIA · NY · 100% owned · share of income -$1,257,621 · share of assets $2,418,258 · controlled entity

    Directly controlled by NATIONAL REVIEW INSTITUTE

Provenance

Return type
form_990
Tax year
2024
Filed
5 December 2025
IRS schema version
2024v5.2
Source object
202513469349301606

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