Story Network Foundation FY2023 filing

Washington, DCUnknown exempt organizationEIN 84-2907396Revenue $176K in FY2023

On file with the IRSstorynetworkfoundation.comPo Box 21421 · Washington, DC

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We combat misinformation and promote truth across social networks.

$30K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
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
3 of 5
filings with a surplus
Average surplus $127K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
109%
of spending
Looks good: 109% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$30K
to officers and key staff · -71% of spending
Looks good: pay to officers and key staff is -71% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: -0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1.4M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$183K
×3058 of total assets
Concern: liabilities are 305800% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$176K
-91% vs prior year
Spent
−$42K
To programs
109%
Net assets
−$183K
By yearFY2020–FY2024
Revenue
$176K
FY2023▼ -91%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.3M
FY2021$145K
FY2022$1.9M
FY2023$176K
FY2024$3.1M
Expenses
−$42K
FY2023▼ -102%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.1M
FY2021$318K
FY2022$2.4M
FY2023−$42K
FY2024$2.2M
Net assets
−$183K
FY2023▲ +54%
Tap a bar for its year
Net assets by fiscal year
FY2020$183K
FY2021$10K
FY2022−$401K
FY2023−$183K
FY2024$660K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Who runs it and what they're paid

1 person listed on the 990; $30K paid to officers and key staff.

Part VII, Section A · reportable compensation
$30,000Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Elizabeth Mullins$9,500$30,000$150,000$108,000$158,000

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 15aNo

Programs and updates

Combating misinformation and promoting truth across social networks.

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Provided by the organization

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1 program · −$46K · in their own filed words · FY2023
01

We Organize

Misinformation is propagated by large networks of pages, websites, bots and people, working together to seem much larger than they are. We organize real groups and people into networks that stand ready to amplify good and truthful ideas

−$46Kprogram 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
Total grants receivedfrom 2 funders$1.4M
Grants paid · 7 grants · $941K · 2020–2020
Work MoneyFY2020$600,000
Fellow AmericansDC · FY2020$250,000
Amplifier FoundationCA · FY2020$31,000
Voto Latino Foundation INCDC · FY2020$20,000
Defending Democracy TogetherDC · FY2020$10,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$176K
Ln 12
Gifts and grantsLn 1h$176K
Money outPt IX
−$42K
Ln 25
Owns and owesPt X
−$183K
net assets · Ln 32
Cash and savingsLn 1–2$60
Total assetsLn 16$60
LiabilitiesLn 26$183K
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$176K
Total revenueLn 12$176K
Assets in detailPt X, end of year
CashLn 1$60
Cash and savings togetherLn 1–2$60
Total assetsLn 16$60
LiabilitiesLn 26$183K
Net assetsLn 32−$183K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1K$60
Total assetsLn 16$1K$60
LiabilitiesLn 26$402K$183K
Net assetsLn 32−$401K−$183K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$30K$27K$2K$2K
Accounting feesLn 11c$4K$3K$180$180
Office expensesLn 13$45$41$2$2
Information technologyLn 14$303$273$15$15
InsuranceLn 23$4K$4K$222$222
Other expenses (24a–d)Ln 24−$81K−$81K$32$31
Total functional expensesLn 25−$42K−$46K$2K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.1M$2.2M$844K$660K 990 PDF
FY2023 Viewing $176K−$42K$218K−$183K 990 PDF
FY2022 $1.9M$2.4M−$411K−$401K 990 PDF
FY2021 $145K$318K−$173K$10K 990 PDF
FY2020 $7.3M$7.1M$160K$183K 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 $175,500 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,950,000$175,500
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,950,000$175,500
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,361,135−$42,153
I-18 Total expensesPrior year $2,361,135−$42,153
I-19 Revenue less expensesPrior year −$411,135$217,653
Part VI · Governance 0 of 1 board members independent, 3 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $175,500 across 3 lines filed
VIII-1f All other contributions, gifts and grants$175,500
VIII-1h Total contributions, gifts and grants$175,500
VIII-12 Total revenueUnrelated business $0$175,500
Part IX · Statement of functional expenses −$42,153 across 6 lines filed
IX-11a Management feesPrograms $27,000 · Management $1,500 · Fundraising $1,500$30,000
IX-11c Accounting feesPrograms $3,240 · Management $180 · Fundraising $180$3,600
IX-13 Office expensesPrograms $41 · Management $2 · Fundraising $2$45
IX-14 Information technologyPrograms $273 · Management $15 · Fundraising $15$303
IX-23 InsurancePrograms $3,993 · Management $222 · Fundraising $222$4,437
IX-24 Other expenses (24a–d)Programs −$80,601 · Management $32 · Fundraising $31−$80,538
IX-25 Total functional expensesPrograms −$46,054 · Management $1,951 · Fundraising $1,950−$42,153
Part X · Balance sheet $60 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $1,085$60
X-16 Total assetsStart of year $1,085$60
X-17 Accounts payable and accrued expensesStart of year $402,101$183,423
X-26 Total liabilitiesStart of year $402,101$183,423
X-27 Net assets without donor restrictionsStart of year −$401,016−$183,363
X-32 Total net assets or fund balancesStart of year −$401,016−$183,363
X-33 Total liabilities and net assetsStart of year $1,085$60
Part XI · Reconciliation of net assets −$183,363 net assets at year end
XI-1 Total revenue$175,500
XI-2 Total expenses−$42,153
XI-3 Revenue less expenses$217,653
XI-4 Net assets at start of year−$401,016
XI-10 Net assets at end of year−$183,363

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

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