Point Magazine EIN 27-0945071

Point Magazine

EIN  27-0945071 Public charity (501(c)(3)) Chicago, IL
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Publishes insightful articles and hosts events exploring philosophy in everyday culture and politics.
Leadership
Jon Baskin · President
Money in and out
$423K revenue, $416K expenses
Bottom line
86% program efficiency

Publishes insightful articles and hosts events exploring philosophy in everyday culture and politics. For fiscal year 2024 it reported $423K in revenue, $416K in expenses, and $41K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$423K
Pt VIII · Ln 12
Total expenses
$416K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $7K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Program efficiency
86%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
1.2mo
months of highly liquid reserves at operating expense rate▲ +9% vs prior filing year
Surplus margin
+2%
revenue over expenses, this year▲ +115% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$423K
FY2024▲ +4%
Expenses
$416K
FY2024▲ +3%
Total assets
$43K
FY2024▲ +16%
Total liabilities
$2K
FY2024▼ -38%
Total revenue
$423K
Pt VIII · Ln 12
Total expenses
$416K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$7K
Total assetsPt X · Ln 16$43K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $357K of program spending, described in the organization's own filed words · FY2024.
01

Publishing a digital and print magazine and organizing events and educational programming.

$357Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPoint Magazine
EINHdr · item D27-0945071
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.thepointmag.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFJun 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$302K · 71%
Program service revenue$122K · 29%
Contributions & grants71%$302K
Program service revenue29%$122K
— government grantsLn 1e$15K
Total revenueLn 12$423K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$357K
Management & general14%$60K
Total functional expensesLn 25$416K

Balance Sheet

Part X · end of year
CashLn 1$42K
Total assetsLn 16$43K
Total liabilitiesLn 26$2K
Total net assetsLn 32$41K
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $42K · Operating expenses/yr $416K
1.2 months
Where the money goes
Program services
Program services $357K · Total expenses $416K
86%
Management & General
Management & general $60K · Total expenses $416K
14%
Fundraising
Fundraising $0 · Total expenses $416K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $257K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $302K · Total revenue $423K
71%
Government reliance
Government grants $15K · Total revenue $423K
4%
Earned-income share
Program service revenue $122K · Total revenue $423K
29%
Investment reliance
Investment income $0 · Total revenue $423K
0%
Program self-sufficiency
Program service revenue $122K · Total expenses $416K
29%
Growth & trend
Revenue growth (YoY)
This year $423K · Prior year $406K
+4%
Revenue CAGR
FY2020 $353K · FY2024 $423K
+5%
Net-asset trend (YoY)
End of year $41K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $423K · Expenses $416K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $43K
Net-asset ratio
Net assets $41K · Total assets $43K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $43K
0%
People & payroll
Highest Reported Total Compensation
Individual Jon Baskin · Reported title President · Highest reported compensation $0 · Total expenses $416K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $205K · Total expenses $416K
49%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0%
Revenue growth 4%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$160K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$423K revenue · viewing · ⤓ 990 PDF
FY2023$406K revenue · ⤓ 990 PDF
FY2022$328K revenue · ⤓ 990 PDF
FY2021$346K revenue · ⤓ 990 PDF
FY2020$353K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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