Civic Intelligence

Lost Light Projects Inc

EIN 56-2451141 • 501(c)3 • Brooklyn, NY

Profile

HISTORICAL ARCHIVES

26 Court Street 1617Brooklyn, NY 11242

www.insideclimatenews.org

Siviq Scores

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

Liabilities / Assets

30th percentile

0.03x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

21st percentile

0.03x

Higher debt load relative to revenue than 21% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

86th percentile

41%

Higher net margin than 86% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

96th percentile

$184,925

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 15.9% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

95th percentile

91%

Faster asset growth than 95% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

81%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$5,889,256

Up $2,803,571 (+91%) from 2023

Liabilities

Up

$174,462

Up $120,623 (+224%) from 2023

Net Assets

Up

$5,714,794

Up $2,682,948 (+88%) from 2023

Operations
Liabilities / Revenue21st percentileNet Margin86th percentile

Revenue

Up

$6,576,178

Up $2,937,874 (+81%) from 2023

Expenses

Up

$3,893,230

Up $590,779 (+18%) from 2023

Net Income

Up

$2,682,948

Up $2,347,095 (+699%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth95th percentile

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

$6.0M$4.0M$2.0M$0Assets 2013: $32,927Liabilities 2013: $0Net Assets 2013: $32,9272013Assets 2014: $641,647Liabilities 2014: $47,223Net Assets 2014: $594,4242014Assets 2015: $681,449Liabilities 2015: $23,772Net Assets 2015: $657,6772015Assets 2016: $2,558,311Liabilities 2016: $25,588Net Assets 2016: $2,532,7232016Assets 2017: $1,928,029Liabilities 2017: $46,355Net Assets 2017: $1,881,6742017Assets 2018: $1,786,773Liabilities 2018: $24,283Net Assets 2018: $1,762,4902018Assets 2019: $1,916,677Liabilities 2019: $33,366Net Assets 2019: $1,883,3112019Assets 2020: $1,870,974Liabilities 2020: $390,684Net Assets 2020: $1,480,2902020Assets 2021: $2,601,521Liabilities 2021: $34,228Net Assets 2021: $2,567,2932021Assets 2022: $2,812,133Liabilities 2022: $116,140Net Assets 2022: $2,695,9932022Assets 2023: $3,085,685Liabilities 2023: $53,839Net Assets 2023: $3,031,8462023Assets 2024: $5,889,256Liabilities 2024: $174,462Net Assets 2024: $5,714,7942024

Highlighted filing

2024

Assets$5,889,256
Liabilities$174,462
Net Assets$5,714,794
Open 2024 Filing

Operations Trend

Revenue Growth91st percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $26,014Expenses 2013: $710Net Income 2013: $25,3042013Revenue 2014: $1,522,754Expenses 2014: $961,257Net Income 2014: $561,4972014Revenue 2015: $1,414,753Expenses 2015: $1,351,500Net Income 2015: $63,2532015Revenue 2016: $3,245,043Expenses 2016: $1,369,997Net Income 2016: $1,875,0462016Revenue 2017: $1,164,248Expenses 2017: $1,815,297Net Income 2017: -$651,0492017Revenue 2018: $2,004,900Expenses 2018: $2,124,084Net Income 2018: -$119,1842018Revenue 2019: $2,308,901Expenses 2019: $2,188,080Net Income 2019: $120,8212019Revenue 2020: $1,874,112Expenses 2020: $2,277,133Net Income 2020: -$403,0212020Revenue 2021: $3,451,685Expenses 2021: $2,364,681Net Income 2021: $1,087,0042021Revenue 2022: $3,031,154Expenses 2022: $2,902,454Net Income 2022: $128,7002022Revenue 2023: $3,638,304Expenses 2023: $3,302,451Net Income 2023: $335,8532023Revenue 2024: $6,576,178Expenses 2024: $3,893,230Net Income 2024: $2,682,9482024

Highlighted filing

2024

Revenue$6,576,178
Expenses$3,893,230
Net Income$2,682,948
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$5,889,256
Liabilities
$174,462
Net assets
$5,714,794
Revenue
$6,576,178
Expenses
$3,893,230
Net income
$2,682,948
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.89$0.17$5.71$6.58$3.89$2.68
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.09$0.05$3.03$3.64$3.30$0.34
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.81$0.12$2.70$3.03$2.90$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.60$0.03$2.57$3.45$2.36$1.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.87$0.39$1.48$1.87$2.28$0.40
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.92$0.03$1.88$2.31$2.19$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.79$0.02$1.76$2.00$2.12$0.12
2017Detailed filing. Detailed filing data is available for this year.$1.93$0.05$1.88$1.16$1.82$0.65
2016Detailed filing. Detailed filing data is available for this year.$2.56$0.03$2.53$3.25$1.37$1.88
2015Detailed filing. Detailed filing data is available for this year.$0.68$0.02$0.66$1.41$1.35$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.64$0.05$0.59$1.52$0.96$0.56
2013Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.03$0.00$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 26, 2025
Return Version
2024v5.2
Gross Receipts
$6,576,178
Mission and Program Overview

Mission

HISTORICAL ARCHIVES

Inside climate news is committed to establishing a permanent national reporting network, to training the next generation of journalists, and to strengthening the practice of environmental journalism.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,315,208$3,016,108▲ $1,700,900
Savings and Temporary Cash Investments$1,586,222$2,472,699▲ $886,477
Cash and Non-Interest-Bearing Accounts$132,360$248,204▲ $115,844
Prepaid Expenses and Deferred Charges$31,115$51,869▲ $20,754
Land, Buildings, and Equipment, Net$8,812$5,462▼ $3,350
Total Assets$3,085,685$5,889,256▲ $2,803,571
Other Assets Total$11,968$94,914▲ $82,946
Liabilities
Other Liabilities$5,767$90,472▲ $84,705
Accounts Payable and Accrued Expenses$48,072$83,990▲ $35,918
Total Liabilities$53,839$174,462▲ $120,623
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,955,000$3,796,250▲ $1,841,250
Net Assets Without Donor Restrictions$1,076,846$1,918,544▲ $841,698
Total Net Assets Fund Balance$3,031,846$5,714,794▲ $2,682,948
Total Liabilities and Net Assets / Fund Balance$3,085,685$5,889,256▲ $2,803,571

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,462$9,838$15,300
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David SassoonPresidentFT$233,564$16,737$250,301
Vernon LoebExecutive EditorFT$165,169$13,516$178,685
Megan BoyleDirector of Development anFT$141,000$5,436$146,436
Michael KodasSenior EditorFT$112,000$4,488$116,488
Caroline JonesSenior EditorFT$100,593$10,614$111,207
Erin CollierSenior EditorFT$102,000$8$102,008

Board Members and Trustees

NameTitle
Judith AlbertChair
Antonieta CadizBoard Member
Bakeyah NelsonBoard Member
Clark HoytBoard Member
Jennifer LeeBoard Member
Karl R RabagoBoard Member
Kristen MullerBoard Member
Michael NorthropBoard Member
Richard GravesBoard Member
Shirley M CarswellBoard Member
Zanagee ArtisBoard Member
Lawrence RodmanSecretary
Ted LoewenthalTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,470,987
Program Service Revenue
$18,873
Investment Income
$86,318
Other Revenue
$0
All Other Contributions
$6,470,987
Change in Net Assets
$2,682,948

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,576,178
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,576,178
Total Revenue per Form 990
$6,576,178
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,220,427
Other Expenses$672,803
Total Fundraising Expense$363,791
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,105,534$148,426$250,439$2,504,399
Current Officers, Directors, Trustees, and Key Employees$218,894$15,430$26,036$260,360
Payroll Taxes$178,656$12,594$21,250$212,500
Other Employee Benefits$142,126$10,018$16,907$169,051
Travel$95,218$6,712$11,326$113,256
Other Expenses$64,573$4,552$7,680$76,805
Pension Plan Contributions$62,313$4,393$7,411$74,117
Fees for Services Other$36,988$1,119$11,003$49,110
Occupancy$37,000$2,608$4,401$44,009
Office Expenses$30,611$2,158$3,641$36,410
Fees for Services Accounting$21,376$1,507$2,542$25,425
Advertising$13,512--$13,512
Insurance$6,897$486$820$8,203
Depreciation Depletion$2,816$199$335$3,350
Total Functional Expenses$3,319,237$210,202$363,791$3,893,230

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,893,230
Total Expenses per Audited Statements$3,893,230
Total Expenses per Form 990$3,893,230
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$90,472
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, Section B, Line 11B

“The organization's audit committee reviews the form 990 with the audited financial statements before the return is filed. During the review process, audit committee members will discuss any questions and changes regarding the return with the board president.”

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

“The organization monitors and enforces conflicts through discussions at their annual meeting with board and committee members.”

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

“The organization's board of directors reviewed outside marketing salary sources to gain understanding of median salary for a president.”

Form 990, Part VI, Section C, Line 19

“Organization will make available upon request.”

Filing and Contact Details

Filer

Filer Name
Inside Climate News Inc
EIN
56-2451141
Phone
7183045066
Address
26 COURT STREET 1617, BROOKLYN, NY 11242

Signing Officer

Name
David Sassoon
Title
President
Phone
7183045066
Signed
2025-06-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Sassoon
Formed
2004
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
14
Employees
33
Volunteers
0

Preparer

Firm
Buffamante Whipple Buttafaro Pc
Address
201 WEST THIRD STREET SUITE 300, JAMESTOWN, NY 14701
Preparer
James C Alexander CPA
Phone
7163721620
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A - Program Service Accomplishments

“Inside climate news is an exempt organization operating as a public charity uder irc 501(c)(3). The origanization runs a nationally recognized, independent, non-partisian news service called inside climate news (icn), avaiable as a public service free on the internet at https://insideclimatenews.org. Icn's original journalism on climate and energy issues is published daily, and includes breaking news, headline aggregations, features and in-depth investigations. Icn helps to fill a national deficiency in environmental journalism and contributes to accurate public understanding on vital issues, crucial to the proper functioning of democracy. Icn is staffed by professional journalists, many with decades of experience. It has won dozens of awards for its groundbreaking work, including a pulitzer prize for national reporting, and recognition as a finalist for a pulitzer prize for public service.”

Financial Statement Notes

PART X, LINE 2:

“Inside climate news is an organization exempt from federal income tax under section 501(c)(3). On may 7, 2020 the internal revenue service terminated its private foundation status retroactively, as of january 1, 2015, reclassified icn as a public charity exempt from federal income tax under section 501(c)(3) of the code. Tax returns that remain open for examination by taxing authorities include 2021 and later years.”

Raw XML AppendixShowing 400 of 550 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/TitleTxt12BOARD MEMBER
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