Fdrlst Media Foundation

Tax-deductible

Washington, DC501(c)(3)Public & Societal BenefitEIN 82-5231385Revenue $3.0M in FY2024

On file with the IRS1747 Pennsylvania Ave Nw Ste 100, 20006-4604 · Washington, DCTax-exempt since Mar 2019Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
5 of 5
filings with a surplus
Average surplus $1.2M a year · 47% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $1.4M
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$500K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
+62% vs prior year
Spent
$2.8M
To programs
91%
Net assets
$6.8M
By yearFY2020–FY2024
Revenue
$3.0M
FY2024▲ +62%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$2.8M
FY2022$3.7M
FY2023$1.9M
FY2024$3.0M
Expenses
$2.8M
FY2024▲ +60%
Tap a bar for its year
Expenses by fiscal year
FY2020$231K
FY2021$764K
FY2022$1.3M
FY2023$1.7M
FY2024$2.8M
Net assets
$6.8M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$3.9M
FY2022$6.4M
FY2023$6.5M
FY2024$6.8M

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

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2019.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $2.5M Management & general 9% · $251K Fundraising 0% · $1K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Fdrlst Media Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fdrlst Media Foundation is a public benefit nonprofit based in Washington, DC.

Provided by the organization

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1 program · $2.5M · in their own filed words · FY2024
01

To support journalism on policy and cultural issues and to train and educate aspiring journalists.

$2.5Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 11 funders →
Grants paid · 5 grants · $4.8M · 2020–2024
Fdrlst Media LLCFY2024$1,235,000
Fdrlst Media LLCFY2023$1,500,000
Fdrlst Media LLCFY2022$1,200,000
Fdrlst Media LLCFY2021$680,000
Fdrlst Media LLCFY2020$180,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Gifts and grantsLn 1h$3.0M
Investment incomeLn 3$3K
Money outPt IX
$2.8M
Ln 25
Programscol B$2.5M
Managementcol C$251K
Fundraisingcol D$1K
Owns and owesPt X
$6.8M
net assets · Ln 32
Cash and savingsLn 1–2$64K
Total assetsLn 16$7.3M
LiabilitiesLn 26$500K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.0M
Investment incomeLn 3$3K
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$64K
Cash and savings togetherLn 1–2$64K
Total assetsLn 16$7.3M
LiabilitiesLn 26$500K
Net assetsLn 32$6.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$185K$64K
Total assetsLn 16$7.0M$7.3M
LiabilitiesLn 26$500K$500K
Net assetsLn 32$6.5M$6.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.2M$1.2M
Other salaries and wagesLn 7$1.3M$1.3M
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$100K$100K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$4K$4K
OccupancyLn 16$72K$72K
TravelLn 17$41K$41K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$24K$24K
Other expenses (24a–d)Ln 24$162$162
Total functional expensesLn 25$2.8M$2.5M$251K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.0M$2.8M$276K$6.8M 990 PDF
FY2023 $1.9M$1.7M$143K$6.5M 990 PDF
FY2022 $3.7M$1.3M$2.4M$6.4M 990 PDF
FY2021 $2.8M$764K$2.0M$3.9M 990 PDF
FY2020 $1.5M$231K$1.3M$1.9M 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 $3,026,603 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,866,625$3,024,058
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$2,545
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,866,625$3,026,603
I-13 Grants and similar amounts paidPrior year $1,500,000$1,235,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$1,263,103
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $224,090$252,474
I-18 Total expensesPrior year $1,724,090$2,750,577
I-19 Revenue less expensesPrior year $142,535$276,026
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $3,026,603 across 4 lines filed
VIII-1f All other contributions, gifts and grants$3,024,058
VIII-1h Total contributions, gifts and grants$3,024,058
VIII-3 Investment incomeExcluded from tax $2,545$2,545
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,545$3,026,603
Part IX · Statement of functional expenses $2,750,577 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $1,235,000$1,235,000
IX-7 Other salaries and wagesPrograms $1,263,103$1,263,103
IX-11b Legal feesManagement $1,667$1,667
IX-11c Accounting feesManagement $6,200$6,200
IX-11g Other fees for servicesManagement $99,720$99,720
IX-12 Advertising and promotionFundraising $1,000$1,000
IX-13 Office expensesManagement $4,314$4,314
IX-16 OccupancyManagement $72,000$72,000
IX-17 TravelManagement $41,351$41,351
IX-19 Conferences, conventions and meetingsManagement $2,500$2,500
IX-20 InterestManagement $23,560$23,560
IX-24 Other expenses (24a–d)Management $162$162
IX-25 Total functional expensesPrograms $2,498,103 · Management $251,474 · Fundraising $1,000$2,750,577
Part X · Balance sheet $7,276,550 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $184,509$63,638
X-3 Pledges and grants receivableStart of year $6,816,015$7,212,912
X-16 Total assetsStart of year $7,000,524$7,276,550
X-24 Unsecured notes and loans payableStart of year $500,000$500,000
X-26 Total liabilitiesStart of year $500,000$500,000
X-27 Net assets without donor restrictionsStart of year $6,500,524$6,776,550
X-32 Total net assets or fund balancesStart of year $6,500,524$6,776,550
X-33 Total liabilities and net assetsStart of year $7,000,524$7,276,550
Part XI · Reconciliation of net assets $6,776,550 net assets at year end
XI-1 Total revenue$3,026,603
XI-2 Total expenses$2,750,577
XI-3 Revenue less expenses$276,026
XI-4 Net assets at start of year$6,500,524
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,776,550

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

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