Civic Intelligence

Commentary Inc.

990 • Fiscal year 2014 • EIN 13-3610041

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 30, 2015

561 7th Avenue 16th FloorNew York, NY 10018

(212) 891-1400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

36th percentile

0.08x

Higher debt load relative to assets than 36% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

50th percentile

0.19x

Higher debt load relative to revenue than 50% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

83rd percentile

28%

Higher net margin than 83% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

71st percentile

10.0%

Faster asset growth than 71% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

91st percentile

66%

Faster revenue growth than 91% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Up

$9,625,306

Up $874,830 (+10.0%) from 2013

Net Assets

Up

$8,815,319

Up $915,214 (+12%) from 2013

Liabilities

Down

$809,987

Down $40,384 (-4.7%) from 2013

Revenue

Up

$4,195,156

Up $1,664,146 (+66%) from 2013

Expenses

Down

$3,026,865

Down $221,921 (-6.8%) from 2013

Net Income

Up

$1,168,291

Up $1,886,067 (+263%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $10,544,936Liabilities 2010: $802,539Net Assets 2010: $9,742,3972010Assets 2011: $9,500,777Liabilities 2011: $826,818Net Assets 2011: $8,673,9592011Assets 2012: $9,105,637Liabilities 2012: $983,996Net Assets 2012: $8,121,6412012Assets 2013: $8,750,476Liabilities 2013: $850,371Net Assets 2013: $7,900,1052013Assets 2014: $9,625,306Liabilities 2014: $809,987Net Assets 2014: $8,815,3192014Assets 2015: $9,032,968Liabilities 2015: $845,506Net Assets 2015: $8,187,4622015Assets 2016: $9,014,652Liabilities 2016: $822,699Net Assets 2016: $8,191,9532016Assets 2017: $8,683,638Liabilities 2017: $761,365Net Assets 2017: $7,922,2732017Assets 2018: $7,058,937Liabilities 2018: $609,099Net Assets 2018: $6,449,8382018Assets 2019: $6,731,388Liabilities 2019: $547,054Net Assets 2019: $6,184,3342019Assets 2020: $6,216,451Liabilities 2020: $474,478Net Assets 2020: $5,741,9732020Assets 2021: $6,537,680Liabilities 2021: $379,325Net Assets 2021: $6,158,3552021Assets 2022: $5,477,296Liabilities 2022: $415,245Net Assets 2022: $5,062,0512022Assets 2023: $6,639,444Liabilities 2023: $906,601Net Assets 2023: $5,732,8432023Assets 2024: $8,291,554Liabilities 2024: $840,897Net Assets 2024: $7,450,6572024

Highlighted filing

2014

Assets$9,625,306
Liabilities$809,987
Net Assets$8,815,319

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $3,218,762Expenses 2010: $3,224,904Net Income 2010: -$6,1422010Expenses 2011: $3,374,5952011Expenses 2012: $3,461,1592012Revenue 2013: $2,531,010Expenses 2013: $3,248,786Net Income 2013: -$717,7762013Revenue 2014: $4,195,156Expenses 2014: $3,026,865Net Income 2014: $1,168,2912014Revenue 2015: $3,016,013Expenses 2015: $3,071,869Net Income 2015: -$55,8562015Revenue 2016: $2,919,643Expenses 2016: $3,131,701Net Income 2016: -$212,0582016Revenue 2017: $2,288,700Expenses 2017: $3,059,126Net Income 2017: -$770,4262017Revenue 2018: $1,895,112Expenses 2018: $2,862,213Net Income 2018: -$967,1012018Revenue 2019: $2,101,800Expenses 2019: $2,987,812Net Income 2019: -$886,0122019Revenue 2020: $2,257,889Expenses 2020: $2,910,972Net Income 2020: -$653,0832020Revenue 2021: $2,900,591Expenses 2021: $2,997,785Net Income 2021: -$97,1942021Revenue 2022: $2,596,637Expenses 2022: $2,858,304Net Income 2022: -$261,6672022Revenue 2023: $2,724,197Expenses 2023: $2,911,066Net Income 2023: -$186,8692023Revenue 2024: $3,862,402Expenses 2024: $2,925,748Net Income 2024: $936,6542024

Highlighted filing

2014

Revenue$4,195,156
Expenses$3,026,865
Net Income$1,168,291
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 30, 2015
Return Version
2014v5.0
Gross Receipts
$5,776,400
Mission and Program Overview

Mission

The organization publishes a monthly magazine available in print and online.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,118,221$5,182,279▼ $935,942
Investments Other Securities$2,105,985$3,340,630▲ $1,234,645
Pledges and Grants Receivable$70,000$640,197▲ $570,197
Cash and Non-Interest-Bearing Accounts$116,968$176,998▲ $60,030
Land, Buildings, and Equipment, Net$212,331$160,631▼ $51,700
Accounts Receivable$53,102$39,206▼ $13,896
Prepaid Expenses and Deferred Charges$12,973$24,469▲ $11,496
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$8,750,476$9,625,306▲ $874,830
Other Assets Total$60,896$60,896→ $0
Liabilities
Deferred Revenue$568,017$479,321▼ $88,696
Other Liabilities$169,085$186,646▲ $17,561
Accounts Payable and Accrued Expenses$113,269$144,020▲ $30,751
Total Liabilities$850,371$809,987▼ $40,384
Net Assets / Fund Balance
Unrestricted Net Assets$7,808,563$8,118,543▲ $309,980
Temporarily Rstr Net Assets$91,542$696,776▲ $605,234
Total Net Assets Fund Balance$7,900,105$8,815,319▲ $915,214
Total Liabilities and Net Assets / Fund Balance$8,750,476$9,625,306▲ $874,830

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$160,631$269,588$430,219
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John PodhoretzPresidentFT$298,702$33,672$342,774
Jonathan TobinWeb EditorFT$205,642$32,023$237,665
Carolin MoskotPublisherFT$158,950$37,903$190,973
Ilya LeyzerzonBusiness DirectorFT$143,319$13,751$152,550
Abe GreenwaldSenior EditorFT$120,371$17,218$137,589
Stephanie RobertsSec'y/Treas.FT$102,551$15,136$117,687

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Lane PressMagazine publication11 Kaimes Street, Albany, NY 12205$150,440
Revenue and Support

Revenue Composition

Contributions and Grants
$2,831,116
Program Service Revenue
$653,148
Investment Income
$625,234
Other Revenue
$85,658
All Other Contributions
$2,489,030
Change in Net Assets
$1,168,291

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded8$115,359Fair Market Value (FMV)
Total Noncash Contributions8$115,359-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,195,156
Revenue Not Reported on Form 990
$-253,077
Total Revenue per Audited Statements
$3,942,079
Total Revenue per Form 990
$4,195,156
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,527,306
Other Expenses$1,499,559
Total Fundraising Expense$149,100
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$718,076$123,344$3,679$845,099
Current Officers, Directors, Trustees, and Key Employees$281,557$60,118$60,118$401,793
All Other Expenses$265,488$56,751$59,179$381,418
Occupancy$175,267$32,126$11,145$218,538
Other Employee Benefits$135,591$24,853$8,622$169,066
Other Expenses$117,907$212,446-$117,907
Payroll Taxes$67,303$12,336$4,280$83,919
Depreciation Depletion-$59,809-$59,809
Office Expenses-$57,835-$57,835
Pension Plan Contributions$21,998$4,032$1,399$27,429
Fees for Service Investment Mgmnt Fees-$23,813-$23,813
Insurance$10,669$1,956$678$13,303
Fees for Services Other-$5,400-$5,400
Total Functional Expenses$2,202,946$674,819$149,100$3,026,865

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,026,865
Total Expenses per Audited Statements$3,026,865
Total Expenses per Form 990$3,026,865
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$137,660
Fundraising Gross Income$137,660
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Event$479,746$137,660-$137,660
Total Events$479,746$137,660$137,660-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$186,646
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Prior to being filed with the IRS, a copy of Form 990 will be sent via email to the full board of directors for review and comment. The Form 990 will relect comments received from the board.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Board of Commentary, Inc. has adopted a conflict of interest policy. All members of the board execute an annual declaration affirming that they had no conflicts with Commentary (or identifying any such transaction).

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Each year, the executive committee reviews comparable salaries based on a recognized study and reviews the performance of the executive director to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary and benefit package is voted on. The minutes of the board of directors reflect the nature of this process.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The disclosure of governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Commentary Inc
EIN
13-3610041
Phone
2128911400
Address
561 7th Avenue 16th Floor, New York, NY 10018

Signing Officer

Name
John Podhoretz
Title
President
Signed
2015-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Podhoretz
Formed
2007
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
9
Employees
13
Volunteers
10

Preparer

Firm
Schall & Ashenfarb Cpas
Address
307 5th Ave 15th Floor, NEW YORK, NY 10016-6517
Preparer
David C Ashenfarb
Phone
2122682800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

Administrative: Column (A) - Total = $40396; Column (B) - Program Services = $0; Column (C) - Management & General = $40396; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Advertising print commission: Column (A) - Total = $2800; Column (B) - Program Services = $0; Column (C) - Management & General = $2800; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Application Devel. & Lic. Fees: Column (A) - Total = $14257; Column (B) - Program Services = $14257; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Bad debts: Column (A) - Total = $13555; Column (B) - Program Services = $0; Column (C) - Management & General = $13555; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Development: Column (A) - Total = $18870; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $18870

Form 990, Part IX, Line 24E: Other Expenses

Editorial: Column (A) - Total = $28715; Column (B) - Program Services = $28715; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Events: Column (A) - Total = $40309; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $40309

Form 990, Part IX, Line 24E: Other Expenses

Magazine distribution: Column (A) - Total = $85472; Column (B) - Program Services = $85472; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Web authors fees : Column (A) - Total = $87775; Column (B) - Program Services = $87775; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Website development & maint.: Column (A) - Total = $49269; Column (B) - Program Services = $49269; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Financial Statement Notes

Part X : FIN48 Footnote

Commentary does not believe its financial statements include any material, uncertain tax positions. Tax filings for the periods ending December 31, 2011 and later subject to examination by applicable taxing authorities.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1332023
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IRS990/Form990PartVIISectionAGrp/PersonNm0John Podhoretz
IRS990/Form990PartVIISectionAGrp/PersonNm1Meredith Berkman
IRS990/Form990PartVIISectionAGrp/PersonNm2Stephanie Roberts
IRS990/Form990PartVIISectionAGrp/PersonNm3Michael W Schwartz
IRS990/Form990PartVIISectionAGrp/PersonNm4Daniel R Benson
IRS990/Form990PartVIISectionAGrp/PersonNm5Steven Price
IRS990/Form990PartVIISectionAGrp/PersonNm6Roger Hertog
IRS990/Form990PartVIISectionAGrp/PersonNm7Gary L Rosenthal
IRS990/Form990PartVIISectionAGrp/PersonNm8Paul Singer
IRS990/Form990PartVIISectionAGrp/PersonNm9Paul J Isaac
IRS990/Form990PartVIISectionAGrp/PersonNm10Michael Leffell
IRS990/Form990PartVIISectionAGrp/PersonNm11Ilya Leyzerzon
IRS990/Form990PartVIISectionAGrp/PersonNm12Carolin Moskot
IRS990/Form990PartVIISectionAGrp/PersonNm13Jonathan Tobin
IRS990/Form990PartVIISectionAGrp/PersonNm14Abe Greenwald
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Sec'y/Treas.
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IRS990/Form990PartVIISectionAGrp/TitleTxt10Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Business Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Publisher
IRS990/Form990PartVIISectionAGrp/TitleTxt13Web Editor
IRS990/Form990PartVIISectionAGrp/TitleTxt14Senior Editor
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IRS990/FormationYr02007
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IRS990/FundraisingDirectExpensesAmt0137660
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IRS990/InsuranceGrp/ManagementAndGeneralAmt01956
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NoncashContributionsAmt0115359
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IRS990/OccupancyGrp/ProgramServicesAmt0175267
IRS990/OccupancyGrp/TotalAmt0218538
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IRS990/OfficeExpensesGrp/TotalAmt057835
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt060896
IRS990/OtherAssetsTotalGrp/EOYAmt060896
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt08622
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt024853
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0135591
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0169066
IRS990/OtherExpensesGrp/Desc0Print authors fees
IRS990/OtherExpensesGrp/Desc1Direct Mail
IRS990/OtherExpensesGrp/Desc2Magazine printing & production
IRS990/OtherExpensesGrp/Desc3Circulation
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IRS990/OtherExpensesGrp/ProgramServicesAmt0263270
IRS990/OtherExpensesGrp/ProgramServicesAmt1145820
IRS990/OtherExpensesGrp/ProgramServicesAmt2117907
IRS990/OtherExpensesGrp/TotalAmt0263270
IRS990/OtherExpensesGrp/TotalAmt1212446
IRS990/OtherExpensesGrp/TotalAmt2145820
IRS990/OtherExpensesGrp/TotalAmt3117907
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IRS990/OtherLiabilitiesGrp/EOYAmt0186646
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0718076
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012336
IRS990/PayrollTaxesGrp/ProgramServicesAmt067303
IRS990/PayrollTaxesGrp/TotalAmt083919
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04032
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt021998
IRS990/PensionPlanContributionsGrp/TotalAmt027429
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt070000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0640197
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012973
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024469
IRS990/PrincipalOfficerNm0John Podhoretz
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Print Magazine
IRS990/ProgramServiceRevenueGrp/Desc1Website
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt156221
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0596927
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt156221
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01186504
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0579630
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01539371
IRS990/PYOtherRevenueAmt054976
IRS990/PYProgramServiceRevenueAmt0709900
IRS990/PYRevenuesLessExpensesAmt0-717776
IRS990/PYSalariesCompEmpBnftPaidAmt01709415
IRS990/PYTotalExpensesAmt03248786
IRS990/PYTotalRevenueAmt02531010
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01168291
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0738806
IRS990/RoyaltiesGrp/TotalAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.29$0.84$7.45$3.86$2.93$0.94
2023Detailed filing. Detailed filing data is available for this year.$6.64$0.91$5.73$2.72$2.91$0.19
2022Detailed filing. Detailed filing data is available for this year.$5.48$0.42$5.06$2.60$2.86$0.26
2021Detailed filing. Detailed filing data is available for this year.$6.54$0.38$6.16$2.90$3.00$0.10
2020Detailed filing. Detailed filing data is available for this year.$6.22$0.47$5.74$2.26$2.91$0.65
2019Detailed filing. Detailed filing data is available for this year.$6.73$0.55$6.18$2.10$2.99$0.89
2018Detailed filing. Detailed filing data is available for this year.$7.06$0.61$6.45$1.90$2.86$0.97
2017Detailed filing. Detailed filing data is available for this year.$8.68$0.76$7.92$2.29$3.06$0.77
2016Detailed filing. Detailed filing data is available for this year.$9.01$0.82$8.19$2.92$3.13$0.21
2015Detailed filing. Detailed filing data is available for this year.$9.03$0.85$8.19$3.02$3.07$0.06
2014Detailed filing. Detailed filing data is available for this year.$9.63$0.81$8.82$4.20$3.03$1.17
2013Detailed filing. Detailed filing data is available for this year.$8.75$0.85$7.90$2.53$3.25$0.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.11$0.98$8.12$3.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.50$0.83$8.67$3.37
2010Summary only. Only limited summary data is available for this year.$10.5$0.80$9.74$3.22$3.22$0.01