Civic Intelligence

Commentary Inc.

990 • Fiscal year 2019 • EIN 13-3610041

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 10, 2020

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

40th percentile

0.08x

Higher debt load relative to assets than 40% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

60th percentile

0.26x

Higher debt load relative to revenue than 60% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

7th percentile

-42%

Higher net margin than 7% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

94th percentile

$479,755

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 22.8% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

18th percentile

-4.6%

Faster asset growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

66th percentile

11%

Faster revenue growth than 66% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Down

$6,731,388

Down $327,549 (-4.6%) from 2018

Net Assets

Down

$6,184,334

Down $265,504 (-4.1%) from 2018

Liabilities

Down

$547,054

Down $62,045 (-10%) from 2018

Revenue

Up

$2,101,800

Up $206,688 (+11%) from 2018

Expenses

Up

$2,987,812

Up $125,599 (+4.4%) from 2018

Net Income

Up

-$886,012

Up $81,089 (+8.4%) from 2018

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

2019

Assets$6,731,388
Liabilities$547,054
Net Assets$6,184,334

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

2019

Revenue$2,101,800
Expenses$2,987,812
Net Income-$886,012
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 10, 2020
Return Version
2019v5.0
Gross Receipts
$3,249,956
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$3,873,110$3,659,089▼ $214,021
Investments Other Securities$2,789,897$2,735,899▼ $53,998
Pledges and Grants Receivable$195,000$100,000▼ $95,000
Cash and Non-Interest-Bearing Accounts$37,844$92,260▲ $54,416
Land, Buildings, and Equipment, Net$82,505$63,063▼ $19,442
Accounts Receivable$19,397$19,806▲ $409
Prepaid Expenses and Deferred Charges$287$374▲ $87
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$7,058,937$6,731,388▼ $327,549
Other Assets Total$60,897$60,897→ $0
Liabilities
Deferred Revenue$354,151$314,323▼ $39,828
Other Liabilities$192,561$172,852▼ $19,709
Accounts Payable and Accrued Expenses$62,387$59,879▼ $2,508
Total Liabilities$609,099$547,054▼ $62,045
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,158,282$5,992,778▼ $165,504
Net Assets With Donor Restrictions$291,556$191,556▼ $100,000
Total Net Assets Fund Balance$6,449,838$6,184,334▼ $265,504
Total Liabilities and Net Assets / Fund Balance$7,058,937$6,731,388▼ $327,549

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$63,063$417,037$480,100
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John PodhoretzPresidentFT$424,147$49,590$479,755
Carol MoskotPublisherFT$177,292$51,110$221,932
Kejda GjermaniDigital PublisherFT$129,549$44,474$179,205
Abraham GreenwaldSenior EditorFT$157,095$17,647$174,742
Ilya LeyzerzonBusiness DirectorFT$161,754$14,423$171,447
Stephanie RobertsOperations DirectorFT$133,837$31,307$165,144

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,168,000
Program Service Revenue
$616,116
Investment Income
$290,184
Other Revenue
$27,500
All Other Contributions
$830,182
Change in Net Assets
$-886,012

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,082,005
Revenue Not Reported on Financial Statements
$19,795
Revenue Not Reported on Form 990
$620,508
Total Revenue per Audited Statements
$2,702,513
Total Revenue per Form 990
$2,101,800
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,847,900
Other Expenses$1,139,912
Total Fundraising Expense$164,651
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$889,222$154,018$34,038$1,077,278
Current Officers, Directors, Trustees, and Key Employees$370,099$46,262$46,262$462,623
Occupancy$178,751$28,338$10,899$217,988
Other Employee Benefits$165,660$27,456$7,828$200,944
All Other Expenses$80,915$44,532$48,132$173,579
Payroll Taxes$72,955$11,566$4,448$88,969
Office Expenses-$59,515$11,134$70,649
Other Expenses$63,276--$63,276
Insurance$25,675$4,070$1,566$31,311
Fees for Services Other-$27,862-$27,862
Depreciation Depletion-$22,363-$22,363
Fees for Service Investment Mgmnt Fees-$19,795-$19,795
Pension Plan Contributions$15,055$2,687$344$18,086
Total Functional Expenses$2,374,697$448,464$164,651$2,987,812

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,987,812
Expenses per Audited Statements$2,968,017
Total Expenses per Audited Statements$2,968,017
Expenses Not Reported on Financial Statements$19,795
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$118,033
Fundraising Gross Income$118,033
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Event$455,151$118,033$118,033$0
Total Events$455,151$118,033$118,033-
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$172,852
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 35% controlled entity
No
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
No
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 15A: Compensation Review & Approval Process - CEO, Top Management

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.

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 key employees 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.

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
2020-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Podhoretz
Formed
2007
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
7
Employees
10
Volunteers
10

Preparer

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

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, 2016 and later subject to examination by applicable taxing authorities.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm0John Podhoretz
IRS990/Form990PartVIISectionAGrp/PersonNm1Carol Moskot
IRS990/Form990PartVIISectionAGrp/PersonNm2Kejda Gjermani
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Publisher
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Senior Editor
IRS990/Form990PartVIISectionAGrp/TitleTxt4Business Director
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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