Civic Intelligence

Real News Project Inc

EIN 20-4219729 • 501(c)3 • New York, NY

Profile

WhoWhatWhy is a global nonprofit news organization committed to reporting on major international issues with an open mind and unconventional insight while maintaining complete independence in an advertisement-free environment and at no cost to the public.

PO Box 1103New York, NY 10276-0000

www.whowhatwhy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.04x

Higher debt load relative to assets than 71% of similar nonprofits.

NTEE A • <$500k nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

NTEE A • <$500k nonprofits • Source year 2024

Net Margin

39th percentile

0.2%

Higher net margin than 39% of similar nonprofits.

NTEE A • <$500k nonprofits • Source year 2024

Top Officer Pay

100th percentile

$155,000

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 32.6% of source-year revenue.

NTEE A33 • <$500k nonprofits • Source year 2024

Asset Growth

55th percentile

4.3%

Faster asset growth than 55% of similar nonprofits.

NTEE A • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

51st percentile

2.0%

Faster revenue growth than 51% of similar nonprofits.

NTEE A • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$157,288

Up $6,548 (+4.3%) from 2023

Liabilities

Up

$5,754

Up $5,754 from 2023

Net Assets

Up

$151,534

Up $794 (+0.5%) from 2023

Operations
Liabilities / Revenue67th percentileNet Margin39th percentile

Revenue

Up

$475,910

Up $9,348 (+2.0%) from 2023

Expenses

Up

$475,116

Up $24,924 (+5.5%) from 2023

Net Income

Down

$794

Down $15,576 (-95%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth55th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2011: $1,549Liabilities 2011: $0Net Assets 2011: $1,5492011Assets 2012: $44,692Liabilities 2012: $322Net Assets 2012: $44,3702012Assets 2013: $130,653Liabilities 2013: $0Net Assets 2013: $130,6532013Assets 2014: $170,551Liabilities 2014: $0Net Assets 2014: $170,5512014Assets 2015: $103,394Liabilities 2015: $0Net Assets 2015: $103,3942015Assets 2016: $125,981Liabilities 2016: $0Net Assets 2016: $125,9812016Assets 2017: $99,612Liabilities 2017: $0Net Assets 2017: $99,6122017Assets 2018: $136,460Liabilities 2018: $0Net Assets 2018: $136,4602018Assets 2019: $244,380Liabilities 2019: $0Net Assets 2019: $244,3802019Assets 2020: $143,072Liabilities 2020: $0Net Assets 2020: $143,0722020Assets 2021: $260,454Liabilities 2021: $0Net Assets 2021: $260,4542021Assets 2022: $234,477Liabilities 2022: $0Net Assets 2022: $234,4772022Assets 2023: $150,740Liabilities 2023: $0Net Assets 2023: $150,7402023Assets 2024: $157,288Liabilities 2024: $5,754Net Assets 2024: $151,5342024

Highlighted filing

2024

Assets$157,288
Liabilities$5,754
Net Assets$151,534
Open 2024 Filing

Operations Trend

Revenue Growth51st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $51,627Expenses 2011: $70,225Net Income 2011: -$18,5982011Revenue 2012: $134,136Expenses 2012: $91,315Net Income 2012: $42,8212012Revenue 2013: $277,565Expenses 2013: $185,731Net Income 2013: $91,8342013Revenue 2014: $408,748Expenses 2014: $368,650Net Income 2014: $40,0982014Revenue 2015: $311,838Expenses 2015: $378,995Net Income 2015: -$67,1572015Revenue 2016: $295,766Expenses 2016: $273,179Net Income 2016: $22,5872016Revenue 2017: $306,052Expenses 2017: $332,345Net Income 2017: -$26,2932017Revenue 2018: $464,374Expenses 2018: $427,526Net Income 2018: $36,8482018Revenue 2019: $533,577Expenses 2019: $425,657Net Income 2019: $107,9202019Revenue 2020: $329,506Expenses 2020: $430,814Net Income 2020: -$101,3082020Revenue 2021: $431,151Expenses 2021: $415,377Net Income 2021: $15,7742021Revenue 2022: $399,300Expenses 2022: $425,277Net Income 2022: -$25,9772022Revenue 2023: $466,562Expenses 2023: $450,192Net Income 2023: $16,3702023Revenue 2024: $475,910Expenses 2024: $475,116Net Income 2024: $7942024

Highlighted filing

2024

Revenue$475,910
Expenses$475,116
Net Income$794
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$157,288
Liabilities
$5,754
Net assets
$151,534
Revenue
$475,910
Expenses
$475,116
Net income
$794
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.57$0.06$1.52$4.76$4.75$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.51$4.67$4.50$0.16
2022Detailed filing. Detailed filing data is available for this year.$2.34$0.00$2.34$3.99$4.25$0.26
2021Detailed filing. Detailed filing data is available for this year.$2.60$0.00$2.60$4.31$4.15$0.16
2020Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$3.30$4.31$1.01
2019Summary only. Only limited summary data is available for this year.$2.44$0.00$2.44$5.34$4.26$1.08
2018Summary only. Only limited summary data is available for this year.$1.36$0.00$1.36$4.64$4.28$0.37
2017Summary only. Only limited summary data is available for this year.$1.00$0.00$1.00$3.06$3.32$0.26
2016Summary only. Only limited summary data is available for this year.$1.26$0.00$1.26$2.96$2.73$0.23
2015Summary only. Only limited summary data is available for this year.$1.03$0.00$1.03$3.12$3.79$0.67
2014Summary only. Only limited summary data is available for this year.$1.71$0.00$1.71$4.09$3.69$0.40
2013Summary only. Only limited summary data is available for this year.$1.31$0.00$1.31$2.78$1.86$0.92
2012Summary only. Only limited summary data is available for this year.$0.45$0.00$0.44$1.34$0.91$0.43
2011Summary only. Only limited summary data is available for this year.$0.02$0.00$0.02$0.52$0.70$0.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Dec 1, 2025
Return Version
2024v5.1
Gross Receipts
$475,910
Mission and Program Overview

Mission

WhoWhatWhy our operating unit is a global nonprofit news organization committed to reporting with an open mind and a respect for complexity and nuance. We maintain our independence in an advertising-free environment and offer unconventional insight into major issues at no cost to the public.

To offer unique insight and informative context on international issues to the public at no charge in an impartial environment

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$150,740$157,288▲ $6,548
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$150,740$157,288▲ $6,548
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$5,754▲ $5,754
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$5,754▲ $5,754
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$150,740$151,534▲ $794
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$150,740$151,534▲ $794
Total Liabilities and Net Assets / Fund Balance$150,740$157,288▲ $6,548
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Russell BakerPresidentFT$155,000$155,000

Board Members and Trustees

NameTitle
Jonathan LarsenBoard Chairman and Treasurer
Irena Choi SternBoard Member
Joel BluesteinBoard Member
Kathleen RiveraBoard Member
Laurie MichaelsBoard Member
Lynne WhiteBoard Member
Richard SchraderBoard Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$475,910
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$475,910
Change in Net Assets
$794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$320,116
Salaries, Compensation, and Employee Benefits$155,000
Total Fundraising Expense$13,086
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$233,805$6,000$0$239,805
Current Officers, Directors, Trustees, and Key Employees$73,000$71,000$11,000$155,000
Fees for Services Management$0$16,800$0$16,800
Office Expenses$4,732$8,597$295$13,624
Information Technology$3,242$9,746$0$12,988
Travel$1,493$1,448$777$3,718
Advertising$0$3,370$0$3,370
Fees for Services Legal$2,638$520$0$3,158
Insurance$0$1,474$0$1,474
Other Expenses$0$828$0$828
Total Functional Expenses$340,339$121,691$13,086$475,116
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
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

Part VI, Line 6

“The organization offers membership to the public without collecting dues to encourage diverse input into current issues.”

Part VI, Line 11A

“A copy of form 990 and related schedules is provided to all members of the governing body with correspondence attached requesting inquiries or comments. Each board member is encouraged to provide voluntary input and provides individual approval for the annual filing.”

Part VI, Line 12C

“In order to monitor and enforce compliance with our conflict of interest guideline the board of directors regularly discusses their associations and affiliations that may have influence on our organizations ability to perform program services in an objective and impartial manner. The board and management team remain vigilante in requiring all engaged professionals and associates report any interest that may involve related topics or persons reported to the public via our media outlets.”

Part VI, Line 19

“All governing documents policies and tax forms are available upon request. The annual tax filings are available to the general public on a popular nonprofit website at no charge.”

Filing and Contact Details

Filer

Filer Name
Real News Project Inc
EIN
20-4219729
Phone
9176845059
Address
PO BOX 1103, New York, NY 10276-0000

Signing Officer

Name
Jonathan Larsen
Title
Chairman and Treasurer
Phone
9176845059
Signed
2025-12-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Russell Baker
Formed
2009
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
169

Preparer

Preparer
Richard Stuart
Supplemental Narrative

Additional Explanations

Part IX, Line 11G

“Professional fees for services were paid to editors $105,137; contributing journalists $51,030; data researchers $13,000; and IT consultants,$4,700. Fees for services paid to IT consultants $60,741 and program developers $400 are reported as management and general expenses. All recipients were issued Form 1099-NEC as required.”

Raw XML AppendixShowing 400 of 716 raw XML fields

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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