First Draft News INC FY2020 filing

New York, NYUnknown exempt organization EIN 83-3554102Revenue $3.8M in FY2020Latest return filed Mar 29, 2024

On file with the IRSfirstdraftnews.orgNew York, NY

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $1,000 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

To protect communities from harmful misinformation and to empower society with the knowledge, understanding, and tools needed to identify false and misleading information.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 83-3554102) · Dispute this line
74¢ of each $1 spent went to programs.
$270K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average surplus $89K a year · 4% of revenue · last 3 filings
A surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
74%
of spending
74% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$270K
to officers and key staff · 12% of spending
Pay to officers and key staff is 12% of spending.
Part VII, Section A
11.2 mo
of spending, in cash
11.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $200K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$30K
1% of total assets
Liabilities are 1% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$3.8M
Spent
$2.2M
To programs
74%
Net assets
$2.1M
By yearFY2020–FY2023
Revenue
$3.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.8M
FY2021$1.9M
FY2022$501K
FY2023$0
Expenses
$2.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$2.3M
FY2022$1.5M
FY2023Not on file
Net assets
$2.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$1.7M
FY2022$725K
FY2023$0

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $1.6M Management & general 20% · $453K Fundraising 6% · $131K

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

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990; $270K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President Thru 7/2020, Exe. Director
$149,237Pt VII · Sec A
Secretary Thru 7/2020, Dep. Director
$121,200Pt VII · Sec A
Treasurer Beg. 9/2020
$0Pt VII · Sec A
Treasurer Thru 7/2020
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President Beg. 9/2020
$0Pt VII · Sec A

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

NameFY2023FY2022FY2021FY2020
Justin Ross—$159,248$124,530—
Claire Wardle$7,500$109,492$157,490$149,237
Aimee Rinehart———$121,200
Justin Ross Treas Secret Op D$96,725———
Angela Matusik—$7,500$2,500—
Anusha Alikhan—$2,500$7,500—
Daniel Bramatti—$2,500$7,500—
Arnold Brown—$2,500$7,500—

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 First Draft News INC executive salaries →

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

Fights harmful misinformation and empowers people to identify false information.

Questions for First Draft News INC

Tap to ask. First Draft News INC sees how many people are interested.

Your first name shows with your question. First Draft News INC answers here, for everyone.

3 programs · $1.6M · in their own filed words · FY2020
01

Research and Insights

First Draft produced newsletters providing research and insights on misinformation affecting the daily News cycle and provided updates to local and national journalists through an online community. First Draft also produced resource guides and longer-form research on misinformation narratives.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 83-3554102) · Dispute this line
$843Kprogram expense
02

Trainings

First Draft held 15 in-person sessions throughout the us, attracting more than 1,000 attendees (including journalists, academics, researchers, and others) to provide training on information verification techniques. First Draft also held dozens of online training events throughout the year, garnering thousands of views.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 83-3554102) · Dispute this line
$534Kprogram expense
03

Local News Fellows

First Draft engaged five fellows around the U.S. To provide training, research, and other support to local newsrooms. Each fellow monitored misinformation and worked with local organizations to provide expertise on information disorder and its impact on local communities.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 83-3554102) · Dispute this line
$249Kprogram 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 · FY2022
Ford FoundationFY2022$200K
Total grants receivedfrom 1 funder$200K
Grants paid · 1 grant · $50K · 2022–2022

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.8M
Ln 12
Gifts and grantsLn 1h$3.7M
Fees for servicesLn 2g$100K
Investment incomeLn 3$18K
Money outPt IX
$2.2M
Ln 25
Programscol B$1.6M
Managementcol C$453K
Fundraisingcol D$131K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$2.1M
LiabilitiesLn 26$30K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.7M
Government grantsLn 1e$554
Fees for servicesLn 2g$100K
Investment incomeLn 3$18K
Total revenueLn 12$3.8M
Assets in detailPt X, end of year
CashLn 1$22K
SavingsLn 2$2.0M
Cash and savings togetherLn 1–2$2.1M
Pledges and grants receivableLn 3$33K
Prepaid expenses and deferred chargesLn 9$20K
Total assetsLn 16$2.1M
LiabilitiesLn 26$30K
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 515
VolunteersI 613
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 FY20End FY20
Cash and savingsLn 1–2$634K$2.1M
Total assetsLn 16$639K$2.1M
LiabilitiesLn 26$180K$30K
Net assetsLn 32$459K$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$285K$167K$71K$47K
Other salaries and wagesLn 7$648K$502K$109K$37K
Other employee benefitsLn 9$130K$96K$25K$9K
Payroll taxesLn 10$76K$54K$15K$7K
Legal feesLn 11b$11K$11K
Accounting feesLn 11c$24K$24K
Professional fundraising feesLn 11e$26K$26K
Other fees for servicesLn 11g$369K$366K$3K$357
Office expensesLn 13$8K$3K$5K$142
Information technologyLn 14$18K$15K$3K$860
OccupancyLn 16$55K$46K$6K$3K
TravelLn 17$118K$59K$58K
Conferences, conventions and meetingsLn 19$22K$22K$100
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$418K$296K$122K
Total functional expensesLn 25$2.2M$1.6M$453K$131K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Mar 29, 2024 $0$0 990 PDF
FY2022Filed with the IRS Aug 22, 2023 $501K$1.5M−$972K$725K 990 PDF
FY2021Filed with the IRS Oct 31, 2022 $1.9M$2.3M−$389K$1.7M 990 PDF
FY2020 ViewingFiled with the IRS Dec 20, 2021 $3.8M$2.2M$1.6M$2.1M 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $3,837,384 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $955,000$3,719,559
I-9 Program service revenuePrior year $4,000$100,000
I-10 Investment incomePrior year $1,421$17,825
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $960,421$3,837,384
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 $221,430$1,139,571
I-16a Professional fundraising feesPrior year $0$26,225
I-17 Other expensesPrior year $280,287$1,044,011
I-18 Total expensesPrior year $501,717$2,209,807
I-19 Revenue less expensesPrior year $458,704$1,627,577
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $3,837,384 across 6 lines filed
VIII-1e Government grants$554
VIII-1f All other contributions, gifts and grants$3,719,005
VIII-1h Total contributions, gifts and grants$3,719,559
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $100,000$100,000
VIII-3 Investment incomeExcluded from tax $17,825$17,825
VIII-12 Total revenueRelated to mission $100,000 · Unrelated business $0 · Excluded from tax $17,825$3,837,384
Part IX · Statement of functional expenses $2,209,807 across 15 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $166,786 · Management $71,269 · Fundraising $47,021$285,076
IX-7 Other salaries and wagesPrograms $502,170 · Management $108,800 · Fundraising $37,419$648,389
IX-9 Other employee benefitsPrograms $96,133 · Management $24,803 · Fundraising $9,383$130,319
IX-10 Payroll taxesPrograms $53,849 · Management $15,047 · Fundraising $6,891$75,787
IX-11b Legal feesManagement $10,733$10,733
IX-11c Accounting feesManagement $23,700$23,700
IX-11e Professional fundraising feesFundraising $26,225$26,225
IX-11g Other fees for servicesPrograms $365,816 · Management $3,306 · Fundraising $357$369,479
IX-13 Office expensesPrograms $2,795 · Management $4,627 · Fundraising $142$7,564
IX-14 Information technologyPrograms $14,656 · Management $2,686 · Fundraising $860$18,202
IX-16 OccupancyPrograms $46,426 · Management $5,662 · Fundraising $2,912$55,000
IX-17 TravelPrograms $59,388 · Management $58,146$117,534
IX-19 Conferences, conventions and meetingsPrograms $21,794 · Management $100$21,894
IX-23 InsuranceManagement $2,159$2,159
IX-24 Other expenses (24a–d)Programs $295,967 · Management $121,779$417,746
IX-25 Total functional expensesPrograms $1,625,780 · Management $452,817 · Fundraising $131,210$2,209,807
Part X · Balance sheet $2,116,681 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $28,208$21,529
X-2 Savings and temporary cash investmentsStart of year $605,774$2,041,409
X-3 Pledges and grants receivableStart of year $0$33,333
X-9 Prepaid expenses and deferred chargesStart of year $4,840$20,410
X-16 Total assetsStart of year $638,822$2,116,681
X-17 Accounts payable and accrued expensesStart of year $180,118$30,400
X-26 Total liabilitiesStart of year $180,118$30,400
X-27 Net assets without donor restrictionsStart of year $458,704$1,828,014
X-28 Net assets with donor restrictionsStart of year $0$258,267
X-32 Total net assets or fund balancesStart of year $458,704$2,086,281
X-33 Total liabilities and net assetsStart of year $638,822$2,116,681
Part XI · Reconciliation of net assets $2,086,281 net assets at year end
XI-1 Total revenue$3,837,384
XI-2 Total expenses$2,209,807
XI-3 Revenue less expenses$1,627,577
XI-4 Net assets at start of year$458,704
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,086,281

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.

Featured nonprofit jobs

All nonprofit jobs → · Hiring? Post a job →