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Nonprofiteer
← MARKUP NEWS INC

Form 990 for tax year 2023

Filed by MARKUP NEWS INC.

Totals

Total revenue
$4,306,050
Total expenses
$5,622,602
Contributions and grants received
$4,273,676
Grants paid
$0
Program service revenue
$0
Investment income
$32,374
Other revenue
$0
Total assets, end of year
$4,104,173
Total liabilities, end of year
$209,075
Net assets or fund balances, end of year
$3,895,098
Program services expenses (Part IX)
$3,930,932
Management and general expenses
$1,380,345
Fundraising expenses
$311,325
Program service expenses (Part III)
$3,930,932

Program services were 69.9% 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

    $4,273,676

  • 3 · Investment income

    total $32,374 · excluded $32,374

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,390,922 · program services $1,085,147 · management and general $234,635 · fundraising $71,140

  • 7 · Other salaries and wages

    total $2,423,086 · program services $1,890,403 · management and general $408,751 · fundraising $123,932

  • 8 · Pension plan contributions

    total $69,246 · program services $54,023 · management and general $11,681 · fundraising $3,542

  • 9 · Other employee benefits

    total $330,452 · program services $257,807 · management and general $55,744 · fundraising $16,901

  • 10 · Payroll taxes

    total $274,561 · program services $214,202 · management and general $46,316 · fundraising $14,043

  • 11b · Fees: legal

    total $182,902 · program services $30,186 · management and general $152,716

  • 11c · Fees: accounting

    total $113,297 · management and general $113,297

  • 11g · Fees: other

    total $454,303 · program services $236,839 · management and general $180,286 · fundraising $37,178

  • 12 · Advertising and promotion

    total $1,300 · management and general $1,300

  • 13 · Office expenses

    total $55,559 · program services $40,144 · management and general $15,415

  • 14 · Information technology

    total $10,576 · management and general $10,576

  • 16 · Occupancy

    total $5,459 · management and general $5,459

  • 17 · Travel

    total $31,025 · program services $18,158 · management and general $11,812 · fundraising $1,055

  • 19 · Conferences, conventions and meetings

    total $100,486 · program services $39,789 · management and general $27,797 · fundraising $32,900

  • 22 · Depreciation, depletion and amortization

    total $5,933 · management and general $5,933

  • 23 · Insurance

    total $58,898 · management and general $58,898

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $114,597 · program services $64,234 · management and general $39,729 · fundraising $10,634

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $813,244 · end of year $616,078

  • 2 · Savings and temporary cash investments

    beginning of year $3,904,942 · end of year $3,137,270

  • 3 · Pledges and grants receivable

    beginning of year $715,000 · end of year $267,308

  • 9 · Prepaid expenses and deferred charges

    beginning of year $65,350 · end of year $63,731

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

    $29,000

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

    $9,214

  • 10c · Land, buildings and equipment, net

    beginning of year $5,436 · end of year $19,786

  • 17 · Accounts payable and accrued expenses

    beginning of year $292,322 · end of year $209,075

  • 27 · Net assets without donor restrictions

    beginning of year $4,300,273 · end of year $3,352,602

  • 28 · Net assets with donor restrictions

    beginning of year $911,377 · end of year $542,496

Mission and programs · 2023

Mission

THE MARKUP IS A NONPROFIT NEWSROOM THAT CHALLENGES TECHNOLOGY TO SERVE THE PUBLIC GOOD. TO DO THIS, WE UTILIZE AN UNPARALLELED ROSTER OF ENGINEERS AND JOURNALISTS WHO PURSUE MEANINGFUL, DATA-DRIVEN INVESTIGATIONS AND DEVELOP DIGITAL TOOLS AND BLUEPRINTS SO OTHERS CAN DO IT TOO.

  • EDITORIAL & GRAPHICS - IN 2023, THE MARKUP PUBLISHED 140 INVESTIGATIONS, REPORTS, AND GUIDES THAT REVEALED HARMS CAUSED BY TECHNOLOGY AND HOW PEOPLE USE IT. OUR JOURNALISM WAS ACTIONABLE AND DROVE REAL-WORLD IMPACT.OUR IMPACT HAS BEEN MONUMENTAL. IN 2023, WE EXPOSED AND OUTLAWED DIGITAL DISCRIMINATION WITH THE HELP OF OUR READERS. OUR NOVEMBER 2022 DATA-DRIVEN INVESTIGATION EXPOSED THAT FOUR MAJOR COMPANIES WERE SYSTEMATICALLY GIVING THE WORST INTERNET DEALS TO NEIGHBORHOODS WITH POORER RESIDENTS AND RESIDENTS OF COLOR, ALL ACROSS THE COUNTRY. BUT WE DIDN'T STOP THERE. IN 2023, WE CREATED AN INTERACTIVE MAP SO PEOPLE COULD SEE WHICH NEIGHBORHOODS WERE SHUT OUT OF FAST INTERNET IN MAJOR CITIES, A DIY GUIDE TEACHING ANYONE HOW TO INVESTIGATE INTERNET SPEEDS AND PRICES WHEREVER THEY ARE, AND A CALLOUT FOR THE PUBLIC TO HELP US FACT CHECK WHAT COMPANIES WERE TELLING THE FCC, ALL WHILE HELPING PEOPLE FIND A BETTER DEAL ON INTERNET. OVER 5,000 PEOPLE PARTICIPATED. AS A RESULT, IN NOVEMBER 2023, EXACTLY A YEAR AFTER WE PUBLISHED OUR ORIGINAL INVESTIGATION, THE FCC PASSED HISTORIC NEW RULES TO HOLD COMPANIES ACCOUNTABLE FOR DIGITAL DISCRIMINATION AND LOS ANGELES BECAME THE FIRST CITY TO BAN DIGITAL REDLINING.OUR 2023 COVERAGE ALSO DEEPLY PRIORITIZED COMMUNITIES. WE LAUNCHED OUR LANGUAGES OF MISINFORMATION SERIES, ABOUT THE INFORMATION NEEDS AND STRUGGLES OF VIETNAMESE IMMIGRANT ENCLAVES, WHICH HAS JUST WON AN AAJA JOURNALISM OF EXCELLENCE AWARD FOR HOW WE WORKED DIRECTLY WITH COMMUNITY MEMBERS, BRIDGED GENERATIONAL GAPS, AND TAUGHT PRACTICAL WORKSHOPS.IN PARALLEL WITH OUR REPORTING WORK, WE CREATED DIGITAL TOOLS THAT ALLOWED READERS TO REPORT WITH US. IN SEPTEMBER 2023 WE LAUNCHED A TOOL THAT ALLOWED ANYONE TO TEST WHETHER X (FORMERLY KNOWN AS TWITTER) WAS THROTTLING LINKS OUT TO OTHER WEBSITES AND FOUND THAT THE SITE WAS PURPOSEFULLY DELAYING ACCESS TO FACEBOOK, INSTAGRAM, SUBSTACK, AND BLUESKY. A MONTH LATER, WE BROKE THE STORY THAT PATRON WAS ALSO BEING THROTTLED, HURTING CREATORS, AND WE FOUND OUT BECAUSE A READER TESTED THE WEBSITE, AND WE VERIFIED IT.

    Expenses $3,106,634

  • PRODUCT & TECHNOLOGY - IN 2023, THE PRODUCT & TECH TEAM FACED NUMEROUS CHALLENGES BUT STILL HAD MULTIPLE MAJOR SUCCESSES. WE STARTED THE YEAR WITH A COMPREHENSIVE REDESIGN OF OUR HOMEPAGE, ACCOMPANIED BY THE CREATION OF NEW CMS FEATURES TO SUPPORT THE STRUCTURE OF THE NEW HOMEPAGE AND MAKE IT EASY FOR EDITORS TO CHANGE IT EXTENSIVELY IF NEEDED. ADDITIONALLY, FOR THE FIRST TIME SINCE 2020, WE MADE EXTENSIVE FEATURE UPDATES TO OUR PREMIERE TOOL BLACKLIGHT. WE UTILIZED OUR SUMMER 2023 COHORT OF INTERNS TO HELP US MANAGE THE WORKLOAD AND THE END RESULT IS A PLETHORA OF NEW FEATURES INCLUDING THE ABILITY TO "SPOOF" SITE SCANS FROM GERMANY, SCAN AS A DESKTOP BROWSER IN ADDITION TO A MOBILE BROWSER, BYPASS OUR CACHE OF ALREADY SCANNED SITES, AND A HOST OF PERFORMANCE UPGRADES. LATER IN THE YEAR ONE OF THE ORIGINAL MEMBERS OF OUR TEAM DEPARTED FOR A ROLE AT THE FTC, AND THE OTHER ENGINEER WENT ON PARENTAL LEAVE. DESPITE THE HIT IN PRODUCTIVITY, WE WERE ABLE TO QUICKLY HIRE AN EXPERIENCED REPLACEMENT ENGINEER AND SPEND THE LATTER PART OF THE YEAR IMPLEMENTING IMPORTANT INFRASTRUCTURE UPDATES.

    Expenses $698,714

  • AUDIENCE - IN 2023, IN CONJUNCTION WITH THE LAUNCH OF OUR WEBSITE REDESIGN, WE CONTINUED TO GROW THE MARKUP'S OVERALL BRAND IMPACT. OUR WORK WAS REPUBLISHED ACROSS OTHER NEWS NETWORKS 1,223 TIMES AND LOCALIZED BY OTHER NEWSROOMS 8 TIMES. OUR TOOLS CONTINUE TO HAVE IMPACT WITH OUR AUDIENCE AS WELL: OVER 13 MILLION PEOPLE HAVE USED OUR BLACKLIGHT TOOL. WE WERE ALSO RECOGNIZED BY LEADERS IN OUR INDUSTRY. WE WON 18 INDUSTRY AWARDS, INCLUDING SEVERAL FROM SOCIETY FOR NEWS DESIGN, SIGMA, SCRIPPS HOWARD, NATIONAL PRESS CLUB, AND THE ONLINE JOURNALISM ASSOCIATION.CHANGE, ONLINE JOURNALISM, AND DEADLINE CLUB.

    Expenses $125,584

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Boardman

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Melissa Harris-Perry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stuart Karle

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Paul Ohm

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Dele Olojede

    DIRECTOR (THRU DEC 2023)

    Total calculated
    $0
    Hours/week
    1
  • Nicole Wong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anil Dash

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nabiha Syed

    CEO

    Total calculated
    $369,720
    From this org
    $318,874
    From related orgs
    $0
    Other
    $50,846
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $318,874
    Bonus
    $0
    Other
    $0
    Deferred
    $1,785
    Nontaxable benefits
    $49,061
    Filer's total
    $369,720
  • Julia Angwin

    EDITOR-AT-LARGE (THRU FEB 2023)

    Total calculated
    $224,184
    From this org
    $215,309
    From related orgs
    $0
    Other
    $8,875
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,309
    Bonus
    $0
    Other
    $0
    Deferred
    $1,306
    Nontaxable benefits
    $7,569
    Filer's total
    $224,184
  • Sisi Wei

    EDITOR-IN-CHIEF

    Total calculated
    $338,159
    From this org
    $300,054
    From related orgs
    $0
    Other
    $38,105
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,054
    Bonus
    $0
    Other
    $0
    Deferred
    $10,501
    Nontaxable benefits
    $27,604
    Filer's total
    $338,159
  • Lauren Spirig

    DEVELOPMENT DIRECTOR (THRU DEC 2023)

    Total calculated
    $252,732
    From this org
    $174,243
    From related orgs
    $0
    Other
    $78,489
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,243
    Bonus
    $0
    Other
    $0
    Deferred
    $4,909
    Nontaxable benefits
    $73,580
    Filer's total
    $252,732
  • Ramsey Isler

    DIRECTOR OF PRODUCT

    Total calculated
    $206,128
    From this org
    $173,460
    From related orgs
    $0
    Other
    $32,668
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,460
    Bonus
    $0
    Other
    $0
    Deferred
    $5,203
    Nontaxable benefits
    $27,465
    Filer's total
    $206,128
  • Jon Keegan

    INVESTIGATIVE DATA JOURNAL

    Total calculated
    $237,436
    From this org
    $153,138
    From related orgs
    $0
    Other
    $84,298
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,138
    Bonus
    $0
    Other
    $0
    Deferred
    $4,241
    Nontaxable benefits
    $80,057
    Filer's total
    $237,436
  • Ryan Tate

    EDITOR

    Total calculated
    $227,396
    From this org
    $143,569
    From related orgs
    $0
    Other
    $83,827
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,569
    Bonus
    $0
    Other
    $0
    Deferred
    $3,710
    Nontaxable benefits
    $80,117
    Filer's total
    $227,396
  • Ko Bragg

    EDITOR

    Total calculated
    $174,242
    From this org
    $143,527
    From related orgs
    $0
    Other
    $30,715
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,527
    Bonus
    $0
    Other
    $0
    Deferred
    $3,797
    Nontaxable benefits
    $26,918
    Filer's total
    $174,242
  • Michael Reilly

    MANAGING EDITOR

    Total calculated
    $200,084
    From this org
    $135,415
    From related orgs
    $0
    Other
    $64,669
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,415
    Bonus
    $0
    Other
    $0
    Deferred
    $4,433
    Nontaxable benefits
    $60,236
    Filer's total
    $200,084
  • Joel Eastwood

    VISUALIZATIONS ENGINEER

    Total calculated
    $217,371
    From this org
    $132,648
    From related orgs
    $0
    Other
    $84,723
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,648
    Bonus
    $0
    Other
    $0
    Deferred
    $4,642
    Nontaxable benefits
    $80,081
    Filer's total
    $217,371

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 · Compensation survey or study
  • 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
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202443099349301494

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