Eurasianet INC FY2021 filing

Tax-deductible

New York, NY501(c)(3)InternationalEIN 81-0691279

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Eurasianet is an independent news organization that covers news from and about the south caucasus and central asia, providing on-the-ground reporting and critical perspectives on the most important developments in the region.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$111K 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

FY2021 · 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
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
2 of 6
filings with a surplus
Average deficit $33K a year · 5% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$111K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $250K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$112K
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$411K
-63% vs prior year
Spent
$794K
To programs
72%
Net assets
$67K
By yearFY2020–FY2025
Revenue
$411K
FY2021▼ -63%
Revenue by fiscal year
FY2020$1.1M
FY2021$411K
FY2022$1.5M
FY2023$631K
FY2024$481K
FY2025$248K
Expenses
$794K
FY2021▼ -2%
Expenses by fiscal year
FY2020$810K
FY2021$794K
FY2022$944K
FY2023$962K
FY2024$664K
FY2025$425K
Net assets
$67K
FY2021▼ -85%
Net assets by fiscal year
FY2020$451K
FY2021$67K
FY2022$631K
FY2023$300K
FY2024$117K
FY2025−$60K

From the FY2021 Form 990 (year ending June 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2016.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $569K Management & general 22% · $172K Fundraising 7% · $53K

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

9 people listed on the 990; $111K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$111,410Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Justin Burke’s $25K as Executive Dir./Secretary is at the 21st percentile of top reported officer pay among 1636 $100K–1M international 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Justin Burke$24,583$124,374$124,375$127,458$111,410$127,871

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.

See Eurasianet INC executive salaries →

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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

Reports news and offers critical perspectives on South Caucasus and Central Asia developments.

Provided by the organization

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1 program · $569K · in their own filed words · FY2020
01

Eurasianet is an independent news organization with over two decades of experience in publishing original information and analysis about Russia and the rest of Eurasia, reaching a global audience in both English and Russian. In 2016, it established itself as an independent, tax-exempt 501(c)3 news organization.

$569Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$250K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$411K
Ln 12
Gifts and grantsLn 1h$410K
Other incomeLn 4–11$1K
Investment incomeLn 3$40
Money outPt IX
$794K
Ln 25
Programscol B$569K
Managementcol C$172K
Fundraisingcol D$53K
Owns and owesPt X
$67K
net assets · Ln 32
Cash and savingsLn 1–2$115K
Total assetsLn 16$180K
LiabilitiesLn 26$112K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$410K
Government grantsLn 1e$111K
Investment incomeLn 3$40
Other incomeLn 4–11$1K
Gains on assetsLn 7$0
Total revenueLn 12$411K
Assets in detailPt X, end of year
CashLn 1$115K
SavingsLn 2$0
Cash and savings togetherLn 1–2$115K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$0
Total assetsLn 16$180K
LiabilitiesLn 26$112K
Net assetsLn 32$67K
OperationsPt I, VI
EmployeesI 53
VolunteersI 67
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$204K$115K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$11K$3K
Total assetsLn 16$563K$180K
LiabilitiesLn 26$112K$112K
Net assetsLn 32$451K$67K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$163K$78K$45K$40K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$153K$129K$24K
Pension plan contributionsLn 8$2K$1K$383$223
Other employee benefitsLn 9$66K$43K$14K$8K
Payroll taxesLn 10$20K$13K$4K$3K
Management feesLn 11a$0
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$347K$290K$57K
Advertising and promotionLn 12$0
Office expensesLn 13$16K$3K$13K
Information technologyLn 14$7K$4K$1K$863
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$671$671
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$11K$7K$2K$1K
InsuranceLn 23$0
All other expensesLn 24e$0
Total functional expensesLn 25$794K$569K$172K$53K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $248K$425K−$176K−$60K 990 PDF
FY2024 $481K$664K−$183K$117K 990 PDF
FY2023 $631K$962K−$331K$300K 990 PDF
FY2022 $1.5M$944K$564K$631K 990 PDF
FY2021 Viewing $411K$794K−$383K$67K 990 PDF
FY2020 $1.1M$810K$311K$451K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $411,252 across 10 lines filed
VIII-1e Government grants$110,867
VIII-1f All other contributions, gifts and grants$299,026
VIII-1h Total contributions, gifts and grants$409,893
VIII-3 Investment incomeExcluded from tax $40$40
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,319$1,319
VIII-12 Total revenueRelated to mission $1,319 · Excluded from tax $40$411,252
Part IX · Statement of functional expenses $794,480 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $77,924 · Management $44,617 · Fundraising $40,034$162,575
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $129,258 · Management $24,126$153,384
IX-8 Pension plan contributionsPrograms $1,153 · Management $383 · Fundraising $223$1,759
IX-9 Other employee benefitsPrograms $42,959 · Management $14,254 · Fundraising $8,301$65,514
IX-10 Payroll taxesPrograms $13,203 · Management $4,380 · Fundraising $2,551$20,134
IX-11a Management fees$0
IX-11b Legal feesManagement $9,600$9,600
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $290,163 · Management $57,014$347,177
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $3,271 · Management $12,783$16,054
IX-14 Information technologyPrograms $4,466 · Management $1,482 · Fundraising $863$6,811
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $671$671
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $7,082 · Management $2,350 · Fundraising $1,369$10,801
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $569,479 · Management $171,660 · Fundraising $53,341$794,480
Part X · Balance sheet $179,783 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $204,401$114,574
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $344,324$60,083
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $2,576$2,234
X-10c Land, buildings and equipment, netStart of year $11,463$2,892
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $562,764$179,783
X-17 Accounts payable and accrued expensesStart of year $35,892$39,948
X-24 Unsecured notes and loans payableStart of year $76,217$72,408
X-26 Total liabilitiesStart of year $112,109$112,356
X-27 Net assets without donor restrictionsStart of year $89,588$8,348
X-28 Net assets with donor restrictionsStart of year $361,067$59,079
X-32 Total net assets or fund balancesStart of year $450,655$67,427
X-33 Total liabilities and net assetsStart of year $562,764$179,783
Part XI · Reconciliation of net assets $67,427 net assets at year end
XI-1 Total revenue$411,252
XI-2 Total expenses$794,480
XI-3 Revenue less expenses−$383,228
XI-4 Net assets at start of year$450,655
XI-10 Net assets at end of year$67,427

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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