Civic Intelligence

The American Independent Foundation

EIN 33-1137541 • 501(c)3 • Washington, DC

Profile

The mission of the organization is to foster strong, independent journalism that helps create positive societal change through increased public awareness of progressive issues.

PO Box 23262Washington, DC 20026

www.americanindependent.com

Siviq Scores

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

Liabilities / Assets

16th percentile

0.02x

Higher debt load relative to assets than 16% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

6th percentile

0.01x

Higher debt load relative to revenue than 6% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

65th percentile

11%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$10,980

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 21.9% of source-year revenue.

$50M-$100M nonprofits • Source year 2017

Asset Growth

96th percentile

67%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Revenue Growth

88th percentile

50%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$13,457,553

Up $5,329,686 (+66%) from 2023

Liabilities

Down

$309,336

Down $953,003 (-75%) from 2023

Net Assets

Up

$13,148,217

Up $6,282,689 (+92%) from 2023

Operations
Liabilities / Revenue6th percentileNet Margin65th percentile

Revenue

Up

$58,642,994

Up $40,219,485 (+218%) from 2023

Expenses

Up

$52,360,305

Up $36,152,237 (+223%) from 2023

Net Income

Up

$6,282,689

Up $4,067,248 (+184%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth96th percentile

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

$15M$10M$5.0M$0Assets 2011: $987,802Liabilities 2011: $110,526Net Assets 2011: $877,2762011Assets 2014: $433,704Liabilities 2014: $41,050Net Assets 2014: $392,6542014Assets 2015: $35,403Liabilities 2015: $14,533Net Assets 2015: $20,8702015Assets 2016: $152,639Liabilities 2016: $23,067Net Assets 2016: $129,5722016Assets 2017: $20,518Liabilities 2017: $16,084Net Assets 2017: $4,4342017Assets 2019: $280,384Liabilities 2019: $93,593Net Assets 2019: $186,7912019Assets 2020: $592,311Liabilities 2020: $324,336Net Assets 2020: $267,9752020Assets 2021: $1,222,309Liabilities 2021: $156,663Net Assets 2021: $1,065,6462021Assets 2022: $4,810,446Liabilities 2022: $160,359Net Assets 2022: $4,650,0872022Assets 2023: $8,127,867Liabilities 2023: $1,262,339Net Assets 2023: $6,865,5282023Assets 2024: $13,457,553Liabilities 2024: $309,336Net Assets 2024: $13,148,2172024

Highlighted filing

2024

Assets$13,457,553
Liabilities$309,336
Net Assets$13,148,217
Open 2024 Filing

Operations Trend

Revenue Growth88th percentile

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

$60M$40M$20M$0-$20MExpenses 2011: $2,568,5472011Revenue 2014: $1,516,712Expenses 2014: $1,356,808Net Income 2014: $159,9042014Revenue 2015: $300,643Expenses 2015: $391,495Net Income 2015: -$90,8522015Revenue 2016: $248,114Expenses 2016: $139,412Net Income 2016: $108,7022016Revenue 2017: $50,038Expenses 2017: $175,176Net Income 2017: -$125,1382017Revenue 2019: $1,322,183Expenses 2019: $1,535,536Net Income 2019: -$213,3532019Revenue 2020: $2,103,769Expenses 2020: $2,022,585Net Income 2020: $81,1842020Revenue 2021: $4,909,163Expenses 2021: $4,111,492Net Income 2021: $797,6712021Revenue 2022: $26,134,884Expenses 2022: $22,550,443Net Income 2022: $3,584,4412022Revenue 2023: $18,423,509Expenses 2023: $16,208,068Net Income 2023: $2,215,4412023Revenue 2024: $58,642,994Expenses 2024: $52,360,305Net Income 2024: $6,282,6892024

Highlighted filing

2024

Revenue$58,642,994
Expenses$52,360,305
Net Income$6,282,689
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$13,457,553
Liabilities
$309,336
Net assets
$13,148,217
Revenue
$58,642,994
Expenses
$52,360,305
Net income
$6,282,689
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.5$0.31$13.1$58.6$52.4$6.28
2023Detailed filing. Detailed filing data is available for this year.$8.13$1.26$6.87$18.4$16.2$2.22
2022Detailed filing. Detailed filing data is available for this year.$4.81$0.16$4.65$26.1$22.6$3.58
2021Detailed filing. Detailed filing data is available for this year.$1.22$0.16$1.07$4.91$4.11$0.80
2020Detailed filing. Detailed filing data is available for this year.$0.59$0.32$0.27$2.10$2.02$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.28$0.09$0.19$1.32$1.54$0.21
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.02$0.00$0.05$0.18$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.15$0.02$0.13$0.25$0.14$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.04$0.01$0.02$0.30$0.39$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.43$0.04$0.39$1.52$1.36$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.11$0.88$2.57
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 14, 2025
Return Version
2024v5.2
Gross Receipts
$63,069,003
Mission and Program Overview

Mission

The mission of the organization is to foster strong, independent journalism for progressive change, to sponsor journalism that helps create positive societal impacts through increased public awareness of targeted issues.

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$7,549,972$12,453,534▲ $4,903,562
Investments in Publicly Traded Securities$0$570,000▲ $570,000
Intangible Assets$125,000$232,694▲ $107,694
Pledges and Grants Receivable$421,739$170,229▼ $251,510
Prepaid Expenses and Deferred Charges$18,000$14,422▼ $3,578
Total Assets$8,127,867$13,457,553▲ $5,329,686
Other Assets Total$13,156$16,674▲ $3,518
Liabilities
Accounts Payable and Accrued Expenses$1,262,339$309,336▼ $953,003
Total Liabilities$1,262,339$309,336▼ $953,003
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,985,166$12,960,807▲ $9,975,641
Net Assets With Donor Restrictions$3,880,362$187,410▼ $3,692,952
Total Net Assets Fund Balance$6,865,528$13,148,217▲ $6,282,689
Total Liabilities and Net Assets / Fund Balance$8,127,867$13,457,553▲ $5,329,686
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dhanya AddankiExecutive EditorFT$140,400$12,226$152,626
Jessica Standafer BollesDigital DirectorFT$131,172$12,017$143,189
Emily SingerSenior ReporterFT$108,365$18,230$126,595
Karen L FreundEditorFT$101,764$23,484$125,248
Joshua E IsraelSenior WriterFT$101,764$14,884$116,648
Daniel J CamachoSenior EditorFT$101,920$11,072$112,992
Joe ConasonPresidentFT$101,167-$101,167
Pilar MartinezDirector, CFOPT$59,500-$59,500

Board Members and Trustees

NameTitle
David BennahumChair
Carlos MarroquinDirector
David JollyDirector
Jill AperDirector
Nicco MeleDirector
Victoria HopperSecretary
Ankit DesaiTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Berni Consulting LLCCommunications And Design Services900 CAMP STREET SUITE 346, New Orleans, LA 70130$7,423,875
Mission Control INCCommunications And Design Services624 HEBRON AVE STE 200, Glastonbury, CT 06033$5,390,937
Bonner Group INCFundraising Services800 MAINE AVE SW 4TH FLOOR, Washington, DC 20024$1,500,000
Mzl MediaMedia Services7 COLONIAL COURT, Bay Shore, NY 11706$400,000
Al Media LLCMedia Services222 WEST ONTARIO STREET 600, Chicago, IL 60654$350,000
Revenue and Support

Revenue Composition

Contributions and Grants
$58,709,188
Program Service Revenue
$0
Investment Income
$-66,194
Other Revenue
$0
All Other Contributions
$58,709,188
Change in Net Assets
$6,282,689

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded21$4,426,009Fair Market Value (FMV)
Total Noncash Contributions21$4,426,009-

Audited Revenue Reconciliation

Revenue per Audited Statements
$58,620,719
Revenue Not Reported on Financial Statements
$22,275
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$58,620,719
Total Revenue per Form 990
$58,642,994
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$33,390,000
Other Expenses$15,031,413
Salaries, Compensation, and Employee Benefits$2,438,892
Total Fundraising Expense$1,762,965
Professional Fundraising Fees$1,500,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$33,340,000--$33,340,000
Other Salaries and Wages$1,590,470$274,667-$1,865,137
Fees for Services Other$1,672,859$98,496$65,000$1,836,355
Fees for Services Professional Fundraising--$1,500,000$1,500,000
Travel$206,071$11,641$185,277$402,989
Other Employee Benefits$176,008$29,569-$205,577
Payroll Taxes$134,174$33,132-$167,306
Fees for Services Legal$134,907$27,157$80$162,144
Current Officers, Directors, Trustees, and Key Employees$101,167$59,500-$160,667
Insurance$105,463$21,255-$126,718
Office Expenses$59,786$17,928$8,580$86,294
Occupancy$49,349$9,946-$59,295
Foreign Grants$50,000--$50,000
Pension Plan Contributions$40,068$137-$40,205
Fees for Services Accounting$20,769$4,186-$24,955
Depreciation Depletion$18,744$3,778-$22,522
Fees for Service Investment Mgmnt Fees-$22,275-$22,275
Other Expenses$3,988$804$3,638$4,792
All Other Expenses$4,422--$4,422
Total Functional Expenses$49,972,523$624,817$1,762,965$52,360,305

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$52,360,305
Expenses per Audited Statements$52,338,030
Total Expenses per Audited Statements$52,338,030
Expenses Not Reported on Financial Statements$22,275
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
American Independent MediaWashington, DC501(c)(4)Educational Program Activities$11,190,000
Democracy MattersWashington, DC501(c)(4)Educational Program Activities$11,000,000
Democracy Matters FoundationWashington, DC501(c)(3)General Support$10,100,000
Media Matters Action NetworkWashington, DC501(c)(4)Educational Program Activities$1,000,000
Utah Film CenterSalt Lake City, UT501(c)(3)General Support$25,000
Yale UniversityNew Haven, CT501(c)(3)Research Activities$25,000

International Summary

Offices
0
Employees
0
Spending
$50,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland)Grants to Recipients Located in Region-00$50,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$1,500,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
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

Form 990, Part VI, Section A, Line 8B

“The organization does not have any committees with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“The 990 was completed by a cpa firm, it was then reviewed by the cfo, legal counsel, and president. A copy of the 990 was provided to the board of directors prior to filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“All employees and board memebrs are required to disclose any interests that could give rise to conflicts on an annual basis. Individuals with knowledge of possible conflicts of interest must disclose the conflict to the other directors, other members of a committee of the board of directors, or an officer of the organization. Upon disclosure, the remaining directors, or in the event of an employee, the officers of the organization, will gather information and determine wether a conflict exists. If it is determined that a conflict does exsit, then the interested person will be recused from any decision making positions with regard to the transaction. A transaction, arrangement, or some alternative, may be approved if it is in the organization's best interest and for its own benefit, is fair and reasonable to the organization, and is the most advantageous transaction or arrangement the organization can obtainwith reasonable efforts under the circumstances. If an employee, officer, director, or member of a committee, with board-delegated powers, violates this policy, disciplinary action may be taken including termination of the transaction or arrangement generating the conflict, formal reprimand, suspension or termination of employment and/or removal from the board as appropriate.”

Form 990, Part VI, Section C, Line 19

“The organization makes its articles of incorporation and form 990 available upon request.”

Filing and Contact Details

Filer

Filer Name
The American Independent Foundation
EIN
33-1137541
Phone
9104954874
Address
PO BOX 23262, WASHINGTON, DC 20026

Signing Officer

Name
Joe Conason
Title
President
Phone
9104954874
Signed
2025-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Conason
Formed
2006
Legal Domicile
Dc
Voting Board Members
8
Independent Board Members
7
Employees
23
Volunteers
7

Preparer

Firm
Matthews Carter & Boyce
Address
12500 FAIR LAKES CIRCLE SUITE 260, FAIRFAX, VA 22033
Preparer
Charles R Deppe
Phone
7032183600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Professional development costs: program service expenses 4,214. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,214. Miscellaneous: program service expenses 208. Management and general expenses 0. Fundraising expenses 0. Total expenses 208.”

FORM 990, PART XII, LINE 2C:

“Process has not changed from prior year.”

Financial Statement Notes

PART X, LINE 2:

“Taif has analyzed its tax positions and has concluded that no liability should be recorded related to any uncertain tax positions. Taif is not aware of any tax positions which they believe will change materially in the next twelve months. If this position changes, they will assess the impact of any such matters on the financial statements. Taif is not under audit by any tax jurisdiction.”

Raw XML AppendixShowing 400 of 676 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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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIGITAL DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12SENIOR EDITOR
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