Tesseract INC FY2024 filing

Not tax-deductible

Washington, DC501(c)(4)Since 2009Civil Rights & AdvocacyEIN 80-0378174Revenue $1.1M in FY2024

On file with the IRSpatrioticmillionaires.org1629 K St Nw Ste 300, 20006-1631 · Washington, DCTax-exempt since Dec 2009

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Tesseract, INC. Is a non-profit corporation dedicated to preserving and perfecting democratic capitalism by reforming the tax system, labor policies and democratic processes.

66¢ of each $1 spent went to programs.
$402K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $92K a year · 8% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$402K
to officers and key staff · 49% of spending
Concern: pay to officers and key staff is 49% of spending; over 30%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$159K
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+24% vs prior year
Spent
$827K
To programs
66%
Net assets
$358K
By yearFY2020–FY2025
Revenue
$1.1M
FY2024▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2020$753K
FY2021$1.3M
FY2022$1.1M
FY2023$890K
FY2024$1.1M
FY2025$1.5M
Expenses
$827K
FY2024▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$997K
FY2021$1.1M
FY2022$1.3M
FY2023$701K
FY2024$827K
FY2025$1.0M
Net assets
$358K
FY2024▲ +317%
Tap a bar for its year
Net assets by fiscal year
FY2020−$17K
FY2021$113K
FY2022−$103K
FY2023$86K
FY2024$358K
FY2025$779K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2009.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $543K Management & general 21% · $174K Fundraising 13% · $111K

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

14 people listed on the 990; $402K paid to officers and key staff.

Part VII, Section A · reportable compensation
Political Director
$118,325Pt VII · Sec A
President
$68,654Pt VII · Sec A
Treasurer/Secretary
$45,598Pt VII · Sec A
Treasurer/Secretary
$45,073Pt VII · Sec A
Art Director
$29,048Pt VII · Sec A
Chief of Staff
$25,452Pt VII · Sec A
Senior Advisor
$23,423Pt VII · Sec A
Senior Advisor
$23,100Pt VII · Sec A

Jodie Rubenstein’s $80K as Treasurer/Secretary is at the 14th percentile of top reported officer pay among 797 $1–10M civil rights & advocacy 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Erica Payne$65,273$68,654$65,625$120,000$99,581$92,244
Dylan Dusseault—$118,325$23,714———
Jodie Rubenstein$80,193$45,073$45,248———
Chloe Magalhaes———$71,834$50,185—
Holli Woodings$66,963—————
Chloe Shanklin—————$45,398
Robert Lord$34,669$23,100————
Rene Felt$4,142$29,048$26,541———

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 15aYes

Programs and updates

Promote knowledge and advocate for social and political issues.

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Provided by the organization

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3 programs · $543K · in their own filed words · FY2024
01

Patriotic Millionaires

Focuses on organizing politically and lobbying congress to help enact reforms that will build a more stable, prosperous and inclusive nation.

$494Kprogram expense
02

American deciders is a bipartisan collective focused on economic issues. We provide clear information on policies and candidates, rallying communities to advocate for economic equality, transparency, and fairness. Our core tenets are tax the rich, pay the people, and spread the power.

$48Kprogram expense
03

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.

$488program expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.1M
Money outPt IX
$827K
Ln 25
Programscol B$543K
Managementcol C$174K
Fundraisingcol D$111K
Owns and owesPt X
$358K
net assets · Ln 32
Cash and savingsLn 1–2$512K
Total assetsLn 16$517K
LiabilitiesLn 26$159K
PeoplePt VI, VII
14
listed · VII A
PaidVII A9
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$512K
Cash and savings togetherLn 1–2$512K
Total assetsLn 16$517K
LiabilitiesLn 26$159K
Net assetsLn 32$358K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$265K$512K
Total assetsLn 16$270K$517K
LiabilitiesLn 26$184K$159K
Net assetsLn 32$86K$358K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$110K$42K$13K$55K
Other salaries and wagesLn 7$293K$204K$60K$29K
Pension plan contributionsLn 8$16K$10K$3K$3K
Other employee benefitsLn 9$59K$36K$11K$12K
Payroll taxesLn 10$29K$18K$5K$6K
Legal feesLn 11b$22K$10K$12K
Accounting feesLn 11c$13K$13K
Lobbying feesLn 11d$58K$58K
Other fees for servicesLn 11g$37K$19K$18K
Advertising and promotionLn 12$91K$91K$295
Office expensesLn 13$7K$42$7K
Information technologyLn 14$64K$45K$19K
OccupancyLn 16$6K$6K
TravelLn 17$10K$5K$620$4K
Conferences, conventions and meetingsLn 19$5K$5K
InsuranceLn 23$7K$449$6K$155
Total functional expensesLn 25$827K$543K$174K$111K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.5M$1.0M$421K$779K 990 PDF
FY2024 Viewing $1.1M$827K$273K$358K 990 PDF
FY2023 $890K$701K$189K$86K 990 PDF
FY2022 $1.1M$1.3M−$216K−$103K 990 PDF
FY2021 $1.3M$1.1M$130K$113K 990 PDF
FY2020 $753K$997K−$244K−$17K 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 FY2024 990 (6 parts)
Part I · Summary $1,100,043 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $890,195$1,100,043
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $890,195$1,100,043
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $475,646$507,648
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $225,234$319,623
I-18 Total expensesPrior year $700,880$827,271
I-19 Revenue less expensesPrior year $189,315$272,772
Part VI · Governance 5 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,100,043 across 3 lines filed
VIII-1f All other contributions, gifts and grants$1,100,043
VIII-1h Total contributions, gifts and grants$1,100,043
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,100,043
Part IX · Statement of functional expenses $827,271 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $42,051 · Management $12,914 · Fundraising $55,285$110,250
IX-7 Other salaries and wagesPrograms $204,150 · Management $59,735 · Fundraising $29,473$293,358
IX-8 Pension plan contributionsPrograms $9,950 · Management $2,936 · Fundraising $3,425$16,311
IX-9 Other employee benefitsPrograms $35,793 · Management $10,560 · Fundraising $12,321$58,674
IX-10 Payroll taxesPrograms $17,724 · Management $5,229 · Fundraising $6,102$29,055
IX-11b Legal feesPrograms $9,914 · Management $11,703$21,617
IX-11c Accounting feesManagement $13,357$13,357
IX-11d Lobbying feesPrograms $58,000$58,000
IX-11g Other fees for servicesPrograms $19,017 · Management $17,676$36,693
IX-12 Advertising and promotionPrograms $91,034 · Management $295$91,329
IX-13 Office expensesPrograms $42 · Management $6,529$6,571
IX-14 Information technologyPrograms $44,798 · Management $19,441$64,239
IX-16 OccupancyManagement $6,459$6,459
IX-17 TravelPrograms $5,168 · Management $620 · Fundraising $4,027$9,815
IX-19 Conferences, conventions and meetingsPrograms $4,588$4,588
IX-23 InsurancePrograms $449 · Management $6,351 · Fundraising $155$6,955
IX-25 Total functional expensesPrograms $542,678 · Management $173,805 · Fundraising $110,788$827,271
Part X · Balance sheet $517,193 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $265,065$511,931
X-9 Prepaid expenses and deferred chargesStart of year $5,166$5,262
X-16 Total assetsStart of year $270,231$517,193
X-17 Accounts payable and accrued expensesStart of year $15,993$13,415
X-25 Other liabilitiesStart of year $168,388$145,851
X-26 Total liabilitiesStart of year $184,381$159,266
X-27 Net assets without donor restrictionsStart of year $83,350$357,927
X-28 Net assets with donor restrictionsStart of year $2,500$0
X-32 Total net assets or fund balancesStart of year $85,850$357,927
X-33 Total liabilities and net assetsStart of year $270,231$517,193
Part XI · Reconciliation of net assets $357,927 net assets at year end
XI-1 Total revenue$1,100,043
XI-2 Total expenses$827,271
XI-3 Revenue less expenses$272,772
XI-4 Net assets at start of year$85,850
XI-10 Net assets at end of year$357,927

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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