Rfe-Rl INC FY2022 filing

Tax-deductible

Washington, DC501(c)(3)Since 1976Arts & CultureEIN 52-1068522

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Rfe/rl's mission is to promote democratic values by providing accurate, uncensored news and open debate in countries where a free press is under threat. (see schedule o)

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$2.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $970K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.4M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$146.4M
129% of total assets
Concern: liabilities are 129% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$131.9M
+4% vs prior year
Spent
$132.8M
To programs
79%
Net assets
−$32.5M
By yearFY2020–FY2024
Revenue
$131.9M
FY2022▲ +4%
Revenue by fiscal year
FY2020$122.4M
FY2021$127.1M
FY2022$131.9M
FY2023$170.9M
FY2024$156.5M
FY2024$129.0M
Expenses
$132.8M
FY2022▲ +2%
Expenses by fiscal year
FY2020$125.8M
FY2021$129.9M
FY2022$132.8M
FY2023$168.2M
FY2024$157.0M
FY2024$133.1M
Net assets
−$32.5M
FY2022▲ +24%
Net assets by fiscal year
FY2020−$67.1M
FY2021−$42.5M
FY2022−$32.5M
FY2023−$4.8M
FY2024−$1.6M
FY2024−$3.6M

From the FY2022 Form 990 (year ending September 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $104.5M Management & general 21% · $28.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $2.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President, CEO
$237,271Pt VII · Sec A
Head of Human Resources
$193,614Pt VII · Sec A
Gen. Counsel & Sec.
$186,209Pt VII · Sec A
Deputy Head, Corp Security
$183,574Pt VII · Sec A
CFO, Treasurer
$176,706Pt VII · Sec A
Managing Editor
$170,087Pt VII · Sec A
VP, Editor in Chief
$166,299Pt VII · Sec A
Service Director
$165,367Pt VII · Sec A

Stephen Allan Capus’s $272K as President and CEO is at the 9th percentile of top reported officer pay among 53 $100M+ arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Jamie Fly—$232,284$308,491$237,271$222,259$141,702
Stephen Allan Capus$271,685—————
James Landis$227,537$207,458————
Karen Johnsen$201,746$178,063$168,843———
Nicola Careem$201,710$85,521————
Benjamin Herman$194,725$190,023$180,648$186,209$168,555$170,385
Marylin Alma Keating$178,001$174,893$185,864$193,614$188,600—
Guy Genovese$190,865$177,458$179,546$183,574$185,811$179,258

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Reports news in countries without a free press to promote democratic values.

Provided by the organization

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3 programs · $64.0M · in their own filed words · FY2021
01

The current time TV and digital network provides russian speakers across russia, ukraine, central asia, the caucasus, the baltics, and eastern europe with access to factual, accurate, bias-free, topical, and trustworthy information.

$30.1Mprogram expense
02

RFE/RL'S russian service, radio svoboda, is a trusted source of balanced information about political, social, civic, cultural, and human rights issues that are unreported or under-reported in russia. It also provides a forum for discussion and debate on these topics.

$21.8Mprogram expense
03

RFE/RL'S iranian service, known as radio farda, offers a persian-language alternative to government-controlled media in iran, reporting on local, national, and world events. Radio farda breaks through government censorship, providing accurate news and a platform for informed discussion and debate to audiences in iran.

$12.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$131.9M
Ln 12
Gifts and grantsLn 1h$131.9M
Investment incomeLn 3$13K
Money outPt IX
$132.8M
Ln 25
Programscol B$104.5M
Managementcol C$28.3M
Owns and owesPt X
−$32.5M
net assets · Ln 32
Cash and savingsLn 1–2$45.1M
Total assetsLn 16$113.9M
LiabilitiesLn 26$146.4M
PeoplePt VI, VII
18
listed · VII A
PaidVII A14
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$131.9M
Government grantsLn 1e$131.9M
Investment incomeLn 3$13K
Total revenueLn 12$131.9M
Assets in detailPt X, end of year
CashLn 1$40.1M
SavingsLn 2$5.0M
Cash and savings togetherLn 1–2$45.1M
Land, buildings, equipmentLn 10c$523K
Other assetsLn 15$59.3M
Total assetsLn 16$113.9M
LiabilitiesLn 26$146.4M
Net assetsLn 32−$32.5M
OperationsPt I, VI
EmployeesI 5177
VolunteersI 627
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$30.8M$45.1M
Land, buildings, equipmentLn 10c$1.0M$523K
Total assetsLn 16$109.3M$113.9M
LiabilitiesLn 26$151.8M$146.4M
Net assetsLn 32−$42.5M−$32.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.9M$362K$1.6M
Other salaries and wagesLn 7$46.0M$42.1M$3.9M
Pension plan contributionsLn 8$2.7M$2.5M$224K
Other employee benefitsLn 9$15.4M$14.0M$1.4M
Payroll taxesLn 10$6.4M$5.4M$1.0M
Legal feesLn 11b$841K$2K$839K
Accounting feesLn 11c$540K$92K$448K
Other fees for servicesLn 11g$22.9M$19.0M$3.9M
Advertising and promotionLn 12$590K$1K$589K
Office expensesLn 13$1.6M$981K$647K
Information technologyLn 14$12.2M$12.1M$28K
RoyaltiesLn 15$313K$313K
OccupancyLn 16$15.0M$2.6M$12.4M
TravelLn 17$2.1M$1.8M$243K
Conferences, conventions and meetingsLn 19$19K$12K$7K
Depreciation, depletion and amortizationLn 22$2.8M$2.7M$109K
InsuranceLn 23$746K$746K
Other expenses (24a–d)Ln 24$794K$565K$229K
Total functional expensesLn 25$132.8M$104.5M$28.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $156.5M$157.0M−$442K−$1.6M 990 PDF
FY2023 $170.9M$168.2M$2.7M−$4.8M 990 PDF
FY2022 Viewing $131.9M$132.8M−$908K−$32.5M 990 PDF
FY2021 $127.1M$129.9M−$2.8M−$42.5M 990 PDF
FY2020 $122.4M$125.8M−$3.4M−$67.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (5 parts)
Part I · Summary $131,937,495 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $127,036,059$131,924,794
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $98,647$12,701
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $127,134,706$131,937,495
I-13 Grants and similar amounts paidPrior year $4,408$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $65,295,321$72,388,240
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $64,585,911$60,457,048
I-18 Total expensesPrior year $129,885,640$132,845,288
I-19 Revenue less expensesPrior year −$2,750,934−$907,793
Part VIII · Statement of revenue $131,937,495 across 6 lines filed
VIII-1e Government grants$131,924,145
VIII-1f All other contributions, gifts and grants$649
VIII-1h Total contributions, gifts and grants$131,924,794
VIII-3 Investment incomeExcluded from tax $12,701$12,701
VIII-6 Net rental income or loss$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $12,701$131,937,495
Part IX · Statement of functional expenses $132,845,288 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $361,503 · Management $1,572,919$1,934,422
IX-7 Other salaries and wagesPrograms $42,068,797 · Management $3,896,624$45,965,421
IX-8 Pension plan contributionsPrograms $2,523,044 · Management $223,666$2,746,710
IX-9 Other employee benefitsPrograms $13,989,189 · Management $1,393,034$15,382,223
IX-10 Payroll taxesPrograms $5,350,365 · Management $1,009,099$6,359,464
IX-11b Legal feesPrograms $1,562 · Management $839,428$840,990
IX-11c Accounting feesPrograms $91,924 · Management $447,843$539,767
IX-11g Other fees for servicesPrograms $18,998,183 · Management $3,942,932$22,941,115
IX-12 Advertising and promotionPrograms $1,473 · Management $588,601$590,074
IX-13 Office expensesPrograms $980,602 · Management $647,291$1,627,893
IX-14 Information technologyPrograms $12,123,240 · Management $27,802$12,151,042
IX-15 RoyaltiesPrograms $313,483$313,483
IX-16 OccupancyPrograms $2,618,731 · Management $12,394,632$15,013,363
IX-17 TravelPrograms $1,831,770 · Management $243,476$2,075,246
IX-19 Conferences, conventions and meetingsPrograms $11,943 · Management $7,171$19,114
IX-22 Depreciation, depletion and amortizationPrograms $2,695,725 · Management $109,279$2,805,004
IX-23 InsuranceManagement $746,167$746,167
IX-24 Other expenses (24a–d)Programs $564,633 · Management $229,157$793,790
IX-25 Total functional expensesPrograms $104,526,167 · Management $28,319,121 · Fundraising $0$132,845,288
Part X · Balance sheet $113,945,407 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $25,578,582$40,132,201
X-2 Savings and temporary cash investmentsStart of year $5,256,951$4,973,718
X-4 Accounts receivableStart of year $965,772$1,332,735
X-9 Prepaid expenses and deferred chargesStart of year $5,893,349$7,643,222
X-10c Land, buildings and equipment, netStart of year $1,024,258$523,444
X-15 Other assetsStart of year $70,533,641$59,340,087
X-16 Total assetsStart of year $109,252,553$113,945,407
X-17 Accounts payable and accrued expensesStart of year $12,664,676$29,349,694
X-19 Deferred revenueStart of year $16,360,815$31,477,018
X-25 Other liabilitiesStart of year $122,727,045$85,619,830
X-26 Total liabilitiesStart of year $151,752,536$146,446,542
X-27 Net assets without donor restrictionsStart of year −$42,510,158−$32,503,132
X-28 Net assets with donor restrictionsStart of year $10,175$1,997
X-32 Total net assets or fund balancesStart of year −$42,499,983−$32,501,135
X-33 Total liabilities and net assetsStart of year $109,252,553$113,945,407
Part XI · Reconciliation of net assets −$32,501,135 net assets at year end
XI-1 Total revenue$131,937,495
XI-2 Total expenses$132,845,288
XI-3 Revenue less expenses−$907,793
XI-4 Net assets at start of year−$42,499,983
XI-9 Other changes in net assets$10,906,641
XI-10 Net assets at end of year−$32,501,135

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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