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Nonprofiteer
← TESSERACT

Form 990 for tax year 2022

Filed by TESSERACT.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 17 August 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Program service expenses (Part III)
$1,514,556 changed to $919,023

Totals

Total revenue
$1,106,509
Total expenses
$1,322,728
Contributions and grants received
$1,106,509
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$123,537
Total liabilities, end of year
$227,002
Net assets or fund balances, end of year
-$103,465
Program services expenses (Part IX)
$919,023
Management and general expenses
$206,866
Fundraising expenses
$196,839
Program service expenses (Part III)
$1,514,556

Program services were 69.5% 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

    $1,106,509

  • 3 · Investment income

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $177,656 · program services $123,434 · management and general $27,236 · fundraising $26,986

  • 7 · Other salaries and wages

    total $765,238 · program services $518,143 · management and general $101,101 · fundraising $145,994

  • 10 · Payroll taxes

    total $61,113 · program services $41,594 · management and general $8,311 · fundraising $11,208

  • 11b · Fees: legal

    total $25,721 · program services $15,145 · management and general $10,576

  • 11c · Fees: accounting

    total $38,348 · program services $11,581 · management and general $23,646 · fundraising $3,121

  • 11g · Fees: other

    total $58,809 · program services $58,809

  • 12 · Advertising and promotion

    total $52,117 · program services $52,117

  • 13 · Office expenses

    total $63,417 · program services $41,433 · management and general $16,485 · fundraising $5,499

  • 14 · Information technology

    total $45,515 · program services $35,364 · management and general $10,151

  • 16 · Occupancy

    total $18,173 · program services $12,369 · management and general $2,471 · fundraising $3,333

  • 17 · Travel

    total $4,391 · program services $4,346 · management and general $45

  • 19 · Conferences, conventions and meetings

    total $2,099 · program services $2,099

  • 23 · Insurance

    total $10,131 · program services $2,589 · management and general $6,844 · fundraising $698

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $300,522 · end of year $123,537

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,175

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,758 · end of year $20,580

  • 25 · Other liabilities

    beginning of year $165,185 · end of year $206,422

  • 27 · Net assets without donor restrictions

    beginning of year $112,754 · end of year -$103,465

Mission and programs · 2022

Mission

TESSERACT, INC. IS A NON-PROFIT CORPORATION DEDICATED TO PRESERVING AND PERFECTING DEMOCRATIC CAPITALISM BY REFORMING THE TAX SYSTEM, LABOR POLICIES AND DEMOCRATIC PROCESSES.

Activities or mission (Part I)

TESSERACT, INC. IS DEDICATED TO FOSTERING AND PROMOTING KNOWLEDGE, PUBLIC ADVOCACY CONCERNING SOCIAL AND POLITICAL ISSUES.

  • PATRIOTIC MILLIONAIRES - FOCUSES ON ORGANIZING POLITICALLY AND LOBBYING CONGRESS TO HELP ENACT REFORMS THAT WILL BUILD A MORE STABLE, PROSPEROUS AND INCLUSIVE NATION.

    Expenses $1,322,728 · Revenue $1,065,763

  • HAZMATAMERICA IS A CITIZEN-POWERED ORGANIZATION THAT ENGAGES THE PUBLIC IN THE FIGHT FOR A TRULY REPRESENTATIVE DEMOCRACY. AREAS OF FOCUS INCLUDE: CAMPAIGN FINANCE REFORM, VOTING RIGHTS AND GERRYMANDERING.

    Expenses $183,173

  • MAYDAY AMERICA - ENGAGES IN GRASSROOTS EFFORTS TO PROMOTE REFORMS THAT WILL DEFEAT ENABLERS OF CORRUPTION, ELECT REFORMERS, AND WORK TO PASS REFORM AT ALL LEVELS OF GOVERNMENT TO END BIG MONEY POLITICS.

    Expenses $8,655

As filed on the 2022 return.

Listed in Part VII

  • Erica Payne

    PRESIDENT

    Total calculated
    $324,699
    From this org
    $120,000
    From related orgs
    $180,000
    Other
    $24,699
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $120,000 + $120,000 related
    Bonus
    $0 + $60,000 related
    Other
    not reported
    Deferred
    $2,538 + $3,808 related
    Nontaxable benefits
    $7,341 + $11,012 related
    Filer's total
    $129,879 + $194,820 related
  • Chloe Magalhaes

    TREASURER/SECRETARY

    Total calculated
    $198,139
    From this org
    $71,834
    From related orgs
    $107,077
    Other
    $19,228
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $71,384 + $107,077 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $3,386 + $5,079 related
    Nontaxable benefits
    $4,305 + $6,457 related
    Filer's total
    $79,075 + $118,613 related
  • Morris Pearl

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Patricia Partone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Chuck Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Stephen Prince

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

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 · 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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • THE PATRIOTIC MILLIONAIRES LLC

    DC

    Directly controlled by TESSERACT INC

  • THE AGENDA PROJECT LLC

    DC

    Directly controlled by TESSERACT INC

  • MAYDAY AMERICA LLC

    DC

    Directly controlled by TESSERACT INC

Provenance

Return type
form_990
Tax year
2022
Filed
17 August 2023
IRS schema version
2022v5.0
Source object
202302299349300535

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