Eurasianet INC FY2023 filing

Tax-deductible

New York, NY501(c)(3)InternationalEIN 81-0691279Revenue $631K in FY2023

On file with the IRSeurasianet.org420 West 118th St 1226, 10027-7235 · New York, NYTax-exempt since May 2016Publicly supported charity — 170(b)(1)(A)(vi)

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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.
73¢ of each $1 spent went to programs.
$124K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$124K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 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
$48K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
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
$631K
-58% vs prior year
Spent
$962K
To programs
73%
Net assets
$300K
By yearFY2020–FY2025
Revenue
$631K
FY2023▼ -58%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$411K
FY2022$1.5M
FY2023$631K
FY2024$481K
FY2025$248K
Expenses
$962K
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$810K
FY2021$794K
FY2022$944K
FY2023$962K
FY2024$664K
FY2025$425K
Net assets
$300K
FY2023▼ -52%
Tap a bar for its year
Net assets by fiscal year
FY2020$451K
FY2021$67K
FY2022$631K
FY2023$300K
FY2024$117K
FY2025−$60K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 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 May 2016.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $706K Management & general 20% · $194K Fundraising 6% · $62K

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

7 people listed on the 990; $124K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director/Secretary
$124,375Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

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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.

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Provided by the organization

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1 program · $706K · in their own filed words · FY2022
01

See schedule oeurasianet 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.

$706Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$631K
Ln 12
Gifts and grantsLn 1h$620K
Other incomeLn 4–11$11K
Investment incomeLn 3$48
Money outPt IX
$962K
Ln 25
Programscol B$706K
Managementcol C$194K
Fundraisingcol D$62K
Owns and owesPt X
$300K
net assets · Ln 32
Cash and savingsLn 1–2$181K
Total assetsLn 16$348K
LiabilitiesLn 26$48K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$620K
Government grantsLn 1e$143K
Investment incomeLn 3$48
Other incomeLn 4–11$11K
Total revenueLn 12$631K
Assets in detailPt X, end of year
CashLn 1$56K
SavingsLn 2$125K
Cash and savings togetherLn 1–2$181K
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$348K
LiabilitiesLn 26$48K
Net assetsLn 32$300K
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 FY23End FY23
Cash and savingsLn 1–2$142K$181K
Land, buildings, equipmentLn 10c$5K$3K
Total assetsLn 16$682K$348K
LiabilitiesLn 26$51K$48K
Net assetsLn 32$631K$300K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$296K$172K$75K$49K
Other salaries and wagesLn 7$75K$68K$8K
Pension plan contributionsLn 8$3K$2K$581$341
Other employee benefitsLn 9$78K$54K$15K$9K
Payroll taxesLn 10$24K$16K$5K$3K
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$35K$35K
Other fees for servicesLn 11g$413K$384K$28K
Office expensesLn 13$19K$3K$16K
Information technologyLn 14$3K$2K$706$414
TravelLn 17$6K$5K$1K
Depreciation, depletion and amortizationLn 22$2K$1K$391$230
Total functional expensesLn 25$962K$706K$194K$62K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $248K$425K−$176K−$60K 990 PDF
FY2024 $481K$664K−$183K$117K 990 PDF
FY2023 Viewing $631K$962K−$331K$300K 990 PDF
FY2022 $1.5M$944K$564K$631K 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $630,878 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,501,914$620,201
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $40$48
I-11 Other revenuePrior year $5,475$10,629
I-12 Total revenuePrior year $1,507,429$630,878
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 $466,255$475,967
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $477,480$486,197
I-18 Total expensesPrior year $943,735$962,164
I-19 Revenue less expensesPrior year $563,694−$331,286
Part VI · Governance 6 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
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 $630,878 across 6 lines filed
VIII-1e Government grants$142,827
VIII-1f All other contributions, gifts and grants$477,374
VIII-1h Total contributions, gifts and grants$620,201
VIII-3 Investment incomeExcluded from tax $48$48
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $10,629$10,629
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $10,677$630,878
Part IX · Statement of functional expenses $962,164 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $171,777 · Management $75,344 · Fundraising $48,600$295,721
IX-7 Other salaries and wagesPrograms $67,500 · Management $7,500$75,000
IX-8 Pension plan contributionsPrograms $1,744 · Management $581 · Fundraising $341$2,666
IX-9 Other employee benefitsPrograms $54,333 · Management $15,044 · Fundraising $8,837$78,214
IX-10 Payroll taxesPrograms $15,937 · Management $5,312 · Fundraising $3,117$24,366
IX-11b Legal feesManagement $8,800$8,800
IX-11c Accounting feesManagement $35,399$35,399
IX-11g Other fees for servicesPrograms $384,034 · Management $28,491$412,525
IX-13 Office expensesPrograms $2,886 · Management $15,905$18,791
IX-14 Information technologyPrograms $2,117 · Management $706 · Fundraising $414$3,237
IX-17 TravelPrograms $4,628 · Management $1,020$5,648
IX-22 Depreciation, depletion and amortizationPrograms $1,176 · Management $391 · Fundraising $230$1,797
IX-25 Total functional expensesPrograms $706,132 · Management $194,493 · Fundraising $61,539$962,164
Part X · Balance sheet $347,767 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $142,436$55,726
X-2 Savings and temporary cash investments$125,002
X-3 Pledges and grants receivableStart of year $531,580$161,261
X-9 Prepaid expenses and deferred chargesStart of year $3,201$2,566
X-10c Land, buildings and equipment, netStart of year $5,009$3,212
X-16 Total assetsStart of year $682,226$347,767
X-17 Accounts payable and accrued expensesStart of year $51,105$47,932
X-26 Total liabilitiesStart of year $51,105$47,932
X-27 Net assets without donor restrictionsStart of year $56,982$160,509
X-28 Net assets with donor restrictionsStart of year $574,139$139,326
X-32 Total net assets or fund balancesStart of year $631,121$299,835
X-33 Total liabilities and net assetsStart of year $682,226$347,767
Part XI · Reconciliation of net assets $299,835 net assets at year end
XI-1 Total revenue$630,878
XI-2 Total expenses$962,164
XI-3 Revenue less expenses−$331,286
XI-4 Net assets at start of year$631,121
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$299,835

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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