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Nonprofiteer
← LOST DEBATE INC

Form 990 for tax year 2024

Filed by LOST DEBATE INC.

Totals

Total revenue
$1,106,000
Total expenses
$1,184,322
Contributions and grants received
$1,106,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$713,417
Total liabilities, end of year
$42,305
Net assets or fund balances, end of year
$671,112
Program services expenses (Part IX)
$923,039
Management and general expenses
$203,915
Fundraising expenses
$57,368
Program service expenses (Part III)
$923,039

Program services were 77.9% 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

    $1,106,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $170,833 · program services $139,449 · management and general $16,865 · fundraising $14,519

  • 7 · Other salaries and wages

    total $130,500 · program services $104,500 · management and general $14,250 · fundraising $11,750

  • 8 · Pension plan contributions

    total $9,491 · program services $7,758 · management and general $937 · fundraising $796

  • 9 · Other employee benefits

    total $30,145 · program services $24,504 · management and general $3,122 · fundraising $2,519

  • 10 · Payroll taxes

    total $30,491 · program services $22,680 · management and general $4,261 · fundraising $3,550

  • 11a · Fees: management

    total $58,832 · program services $55,832 · management and general $3,000

  • 11b · Fees: legal

    total $14,013 · management and general $14,013

  • 11c · Fees: accounting

    total $67,155 · management and general $67,155

  • 11g · Fees: other

    total $454,147 · program services $454,031 · management and general $116

  • 12 · Advertising and promotion

    total $30,536 · program services $25,633 · management and general $4,903

  • 13 · Office expenses

    total $16,003 · program services $13,797 · management and general $2,017 · fundraising $189

  • 14 · Information technology

    total $34,412 · program services $23,798 · management and general $7,656 · fundraising $2,958

  • 16 · Occupancy

    total $24,316 · program services $5,617 · management and general $18,699

  • 17 · Travel

    total $43,472 · program services $22,332 · management and general $1,624 · fundraising $19,516

  • 19 · Conferences, conventions and meetings

    total $4,340 · program services $4,187 · fundraising $153

  • 23 · Insurance

    total $17,609 · program services $14,652 · management and general $1,556 · fundraising $1,401

  • 24a · Other expenses: RECRUITMENT

    total $26,160 · program services $74 · management and general $26,086

  • 24b · Other expenses: EQUIPMENT RENTAL & MAIN

    total $13,480 · program services $1,760 · management and general $11,720

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $7,580 · program services $2,435 · management and general $5,145

  • 24d · Other expenses: GRANT

    total $500 · management and general $500

  • 24e · All other expenses

    total $307 · management and general $290 · fundraising $17

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $881,565 · end of year $713,417

  • 4 · Accounts receivable

    beginning of year $8,140

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,084

  • 17 · Accounts payable and accrued expenses

    beginning of year $141,355 · end of year $42,305

  • 27 · Net assets without donor restrictions

    beginning of year $749,434 · end of year $671,112

Mission and programs · 2024

Mission

LOST DEBATE AIMS TO BE THE FIRST MEDIA ORGANIZATION TO OFFER NON-PARTISAN AND OBJECTIVE NEWS AND COMMENTARY THAT IS ENTERTAINING AND EDUCATIONAL.

Activities or mission (Part I)

SEE SCHEDULE O

  • IN 2024, OUR PODCAST EPISODES WERE LISTENED TO OVER 1M TIMES, OUR NEWSLETTER SUBSCRIBERS GREW BY 21%, OUR YOUTUBE VIEWERSHIP INCREASED BY 35%, AND OUR SOCIAL MEDIA ENGAGEMENT INCREASED BY 12%.

    Expenses $923,039

As filed on the 2024 return.

Listed in Part VII

  • Ravi Gupta

    CEO

    Total calculated
    $196,294
    From this org
    $170,833
    From related orgs
    $0
    Other
    $25,461
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,833
    Bonus
    $0
    Other
    $0
    Deferred
    $8,542
    Nontaxable benefits
    $16,919
    Filer's total
    $196,294

  • Coss Marte

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Stacey Shells Harvey

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Shomik Dutta - Left 13125

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Sujeet Rao - Joined 32024

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Katherine Malekoff

    PRESIDENT

    Total calculated
    $144,353
    From this org
    $130,500
    From related orgs
    $0
    Other
    $13,853
    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. 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.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202523149349300117

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