Civic Intelligence

Calmatters

EIN 47-2474086 • 501(c)3 • Sacramento, CA

Profile

Our team of experienced journalists, with the time and resources to dig deep, is committed to meaningfully informing Californians about the players, politics, and interests that shape the issues that affect their lives.

1017 L Street 261Sacramento, CA 95814

www.calmatters.org

Siviq Scores

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

Liabilities / Assets

57th percentile

0.24x

Higher debt load relative to assets than 57% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

38th percentile

0.14x

Higher debt load relative to revenue than 38% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

12th percentile

-18%

Higher net margin than 12% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

4th percentile

-23%

Faster asset growth than 4% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

66th percentile

15%

Faster revenue growth than 66% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$7,971,472

Down $2,335,110 (-23%) from 2023

Liabilities

Up

$1,909,648

Up $289,553 (+18%) from 2023

Net Assets

Down

$6,061,824

Down $2,624,663 (-30%) from 2023

Revenue

Up

$14,141,813

Up $1,877,817 (+15%) from 2023

Expenses

Up

$16,755,440

Up $5,038,961 (+43%) from 2023

Net Income

Down

-$2,613,627

Down $3,161,144 (-577%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2015: $368,406Liabilities 2015: $58,992Net Assets 2015: $309,4142015Assets 2016: $528,605Liabilities 2016: $16,837Net Assets 2016: $511,7682016Assets 2017: $500,112Liabilities 2017: $118,033Net Assets 2017: $382,0792017Assets 2018: $3,710,129Liabilities 2018: $265,315Net Assets 2018: $3,444,8142018Assets 2019: $5,101,127Liabilities 2019: $413,535Net Assets 2019: $4,687,5922019Assets 2020: $5,560,473Liabilities 2020: $2,069,523Net Assets 2020: $3,490,9502020Assets 2021: $5,920,509Liabilities 2021: $1,412,291Net Assets 2021: $4,508,2182021Assets 2022: $9,493,501Liabilities 2022: $1,329,110Net Assets 2022: $8,164,3912022Assets 2023: $10,306,582Liabilities 2023: $1,620,095Net Assets 2023: $8,686,4872023Assets 2024: $7,971,472Liabilities 2024: $1,909,648Net Assets 2024: $6,061,8242024

Highlighted filing

2024

Assets$7,971,472
Liabilities$1,909,648
Net Assets$6,061,824

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2015: $1,209,158Expenses 2015: $899,744Net Income 2015: $309,4142015Revenue 2016: $1,789,131Expenses 2016: $1,586,777Net Income 2016: $202,3542016Revenue 2017: $2,092,071Expenses 2017: $2,185,386Net Income 2017: -$93,3152017Revenue 2018: $3,565,526Expenses 2018: $2,918,086Net Income 2018: $647,4402018Revenue 2019: $5,787,517Expenses 2019: $4,550,329Net Income 2019: $1,237,1882019Revenue 2020: $5,508,947Expenses 2020: $6,743,669Net Income 2020: -$1,234,7222020Revenue 2021: $9,388,614Expenses 2021: $8,360,302Net Income 2021: $1,028,3122021Revenue 2022: $13,034,694Expenses 2022: $9,368,469Net Income 2022: $3,666,2252022Revenue 2023: $12,263,996Expenses 2023: $11,716,479Net Income 2023: $547,5172023Revenue 2024: $14,141,813Expenses 2024: $16,755,440Net Income 2024: -$2,613,6272024

Highlighted filing

2024

Revenue$14,141,813
Expenses$16,755,440
Net Income-$2,613,627

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$14,173,855
Mission and Program Overview

Mission

Produced informative new media reporting on California issues.

To improve Californias democracy by making its government more transparent and accountable and giving Californians the information they need to understand and engage with that government.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$890,792$4,293,331▲ $3,402,539
Pledges and Grants Receivable$3,447,939$2,441,215▼ $1,006,724
Investments Other Securities$5,181,594$500,006▼ $4,681,588
Prepaid Expenses and Deferred Charges$148,512$200,355▲ $51,843
Land, Buildings, and Equipment, Net$124,760$192,100▲ $67,340
Savings and Temporary Cash Investments$132,910$177,105▲ $44,195
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$10,306,582$7,971,472▼ $2,335,110
Other Assets Total$380,075$167,360▼ $212,715
Liabilities
Accounts Payable and Accrued Expenses$714,016$1,044,083▲ $330,067
Other Liabilities$802,079$673,515▼ $128,564
Deferred Revenue$104,000$192,050▲ $88,050
Total Liabilities$1,620,095$1,909,648▲ $289,553
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,508,240$3,673,263▼ $2,834,977
Net Assets Without Donor Restrictions$2,178,247$2,388,561▲ $210,314
Total Net Assets Fund Balance$8,686,487$6,061,824▼ $2,624,663
Total Liabilities and Net Assets / Fund Balance$10,306,582$7,971,472▼ $2,335,110

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$192,100$97,329$289,429
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Neil ChaseCEOFT$423,789$44,072$467,861
Kristen Go GipnerEditor in ChiefFT$295,445$41,780$337,225
Katherine LoobyChief DevelopmentFT$236,429$34,661$271,090
David LesherSenior EditorFT$224,952$9,355$234,307
Vicki HaddockManaging EditorFT$181,350$37,013$218,363
Andy DonohueJournalistFT$174,543$7,401$181,944

Board Members and Trustees

NameTitle
John BolandBoard Chair
Hema Sareen MohanVice-Chair
Brian JaffeBoard Member
Christy ChinBoard Member
David MasumotoBoard Member
Dean BaquetBoard Member
Efran EscobedoBoard Member
Jack MosbacherBoard Member
Janet ClaytonBoard Member
Jeff KleinBoard Member
Leo WolinskyBoard Member
Nicole WongBoard Member
Robert HernandezBoard Member
Simone CoxeBoard Member
Chris BoskinSecretary
Gregory FavreTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
10up IncWebsite Development2765 Carradale Drive, Roseville, CA 95661$208,106
Cal Poly CorporationDigital Democracy1 Grand Ave, San Luis Obispo, CA 93407$198,105
Revenue and Support

Revenue Composition

Contributions and Grants
$13,020,981
Program Service Revenue
$1,002,960
Investment Income
$126,814
Other Revenue
$-8,942
All Other Contributions
$11,685,515
Change in Net Assets
$-2,613,627

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,141,813
Revenue Not Reported on Form 990
$243,108
Total Revenue per Audited Statements
$14,384,921
Total Revenue per Form 990
$14,141,813
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,302,778
Other Expenses$4,452,662
Total Fundraising Expense$1,650,090
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,879,880$284,498$1,015,881$9,180,259
Fees for Services Other$1,375,460$18,820$63,825$1,458,105
Other Employee Benefits$1,178,618$42,553$151,949$1,373,120
Payroll Taxes$629,607$22,732$81,169$733,508
Current Officers, Directors, Trustees, and Key Employees$547,361$19,762$70,566$637,689
Travel$490,665$4,255$72,079$566,999
Pension Plan Contributions$324,629$11,721$41,852$378,202
Occupancy$213,311$7,749$27,306$248,366
Fees for Services Legal$32,351$35,728-$68,079
Fees for Services Accounting-$64,152-$64,152
Insurance$27,319$22,803$2,270$52,392
Depreciation Depletion$39,556$1,343$4,761$45,660
Information Technology$11,595$9,421$19,397$40,413
Office Expenses$25,080$5,802$8,991$39,873
All Other Expenses$8,099$-153$1,300$9,246
Other Expenses$1,473$912$5,500$5,500
Total Functional Expenses$14,538,585$566,765$1,650,090$16,755,440

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$16,953,267
Expenses per Audited Statements$16,755,440
Total Expenses per Form 990$16,755,440
Expenses Not Reported on Form 990$197,827
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$32,042
Fundraising Gross Income$23,100
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Luncheon$89,490$23,100$5,500$17,600
Total Events$89,490$23,100$32,042$-8,942
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
Accrued pension liability$500,006
Lease payable$173,509
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
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, Section B, Line 11B

Form 990 is prepared by an outside tax professional. The form is reviewed by the organization's management. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management approves the final return which is then e-filed with the Department of the Treasury.

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

Members of the Board of Directors review all potential conflicts of interest periodically. Executive personnel and board members are required to disclose potential conflicts and any related party affiliations. The Organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.

Form 990, Part VI, Section B, Line 15A

Members of the Board of Directors review the compensation of all top management personnel periodically in accordance with IRS rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with IRS guidelines and the organization's policies and procedures. Final compensation adjustments are approved by the Board.

Form 990, Part VI, Section B, Line 15B

Compensation of other individuals (including high-level personnel and key employees) is reviewed periodically by members of management. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and all related benefits. All decisions are then documented in personnel files.

Form 990, Part VI, Section C, Line 18

Tax returns are available for download from several websites and by request from the organization's office in Sacramento, California.

Form 990, Part VI, Section C, Line 19

All of the organization's governing documents, financial statements and other legal Filings are maintained in a secure environment and held available for inspection by Tax authorities and the general public. Tax returns are posted annually to www.guidestar.org (where they are available for viewing as electronic copies) and are also available by request from the organization's office in Sacramento, California.

Filing and Contact Details

Filer

Filer Name
CalMatters
EIN
47-2474086
Phone
9165029986
Address
1017 L Street 261, Sacramento, CA 95814

Signing Officer

Name
Neil Chase
Title
CEO
Phone
9165029986
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neil Chase
Formed
2014
Legal Domicile
CA
Voting Board Members
16
Independent Board Members
16
Employees
107
Volunteers
10

Preparer

Firm
Regalia Berger & Berger Cpas
Address
103 TOWN COUNTRY DR STE K, DANVILLE, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The audited consolidated financial statements are prepared by a qualified and licensed independent audit firm. The audit report is reviewed and approved by the organization's management and the Board of Directors.

Financial Statement Notes

Part X : FIN48 Footnote

Income Taxes CalMatters is organized as California nonprofit corporation and has been recognized by the IRS as exempt from federal income taxes under IRC Section 501(a) as organizations described in IRC Section 501(c)(3), qualifies for the charitable contribution deduction under IRC Sections 170(b)(1)(A)(vi) and (viii), and has been determined not to be private foundations under IRC Sections 509(a)(1) and (3), respectively. CalMatters is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. We have determined that the entity is not subject to unrelated business income tax and have not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS. CalMatters has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. The exemptions are subject to periodic review by the federal and state taxing authorities and management is confident that CalMatters continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Adjustments related to The Markup $212102 special events expense $32042

Part XII, Line 2D: Other expenses and losses per audited F/S

Events expense $32042 Adjustments related to The Markup $165785

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