Civic Intelligence

First Look Media Works Inc

990 • Fiscal year 2018 • EIN 80-0951255

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

114 5th Avenue 18th FloorNew York, NY 10011

(917) 477-6500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

28th percentile

0.07x

Higher debt load relative to assets than 28% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

13th percentile

0.05x

Higher debt load relative to revenue than 13% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

76th percentile

19%

Higher net margin than 76% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

82nd percentile

$477,773

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

88th percentile

24%

Faster asset growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

95th percentile

138%

Faster revenue growth than 95% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$23,079,212

Up $4,479,422 (+24%) from 2017

Net Assets

Up

$21,353,690

Up $5,839,255 (+38%) from 2017

Liabilities

Down

$1,725,522

Down $1,359,833 (-44%) from 2017

Revenue

Up

$32,671,835

Up $18,927,052 (+138%) from 2017

Expenses

Up

$26,617,340

Up $668,110 (+2.6%) from 2017

Net Income

Up

$6,054,495

Up $18,258,942 (+150%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0-$10MAssets 2013: $30,122,995Liabilities 2013: $218,720Net Assets 2013: $29,904,2752013Assets 2014: $19,613,485Liabilities 2014: $1,527,797Net Assets 2014: $18,085,6882014Assets 2015: $33,850,246Liabilities 2015: $894,806Net Assets 2015: $32,955,4402015Assets 2016: $28,380,652Liabilities 2016: $661,770Net Assets 2016: $27,718,8822016Assets 2017: $18,599,790Liabilities 2017: $3,085,355Net Assets 2017: $15,514,4352017Assets 2018: $23,079,212Liabilities 2018: $1,725,522Net Assets 2018: $21,353,6902018Assets 2019: $22,941,096Liabilities 2019: $1,426,199Net Assets 2019: $21,514,8972019Assets 2020: $20,672,199Liabilities 2020: $1,762,928Net Assets 2020: $18,909,2712020Assets 2021: $8,923,263Liabilities 2021: $4,558,185Net Assets 2021: $4,365,0782021Assets 2022: $20,286,909Liabilities 2022: $4,779,751Net Assets 2022: $15,507,1582022Assets 2023: $9,754,402Liabilities 2023: $12,126,902Net Assets 2023: -$2,372,5002023Assets 2024: $1,787,735Liabilities 2024: $3,333,778Net Assets 2024: -$1,546,0432024

Highlighted filing

2018

Assets$23,079,212
Liabilities$1,725,522
Net Assets$21,353,690

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$20M$0-$20MRevenue 2013: $30,767,119Expenses 2013: $862,844Net Income 2013: $29,904,2752013Revenue 2014: $11,505Expenses 2014: $11,830,092Net Income 2014: -$11,818,5872014Revenue 2015: $34,610,688Expenses 2015: $19,740,936Net Income 2015: $14,869,7522015Revenue 2016: $10,533,419Expenses 2016: $15,799,407Net Income 2016: -$5,265,9882016Revenue 2017: $13,744,783Expenses 2017: $25,949,230Net Income 2017: -$12,204,4472017Revenue 2018: $32,671,835Expenses 2018: $26,617,340Net Income 2018: $6,054,4952018Revenue 2019: $28,389,675Expenses 2019: $28,228,468Net Income 2019: $161,2072019Revenue 2020: $26,672,210Expenses 2020: $29,277,834Net Income 2020: -$2,605,6242020Revenue 2021: $13,712,748Expenses 2021: $28,256,941Net Income 2021: -$14,544,1932021Revenue 2022: $36,699,021Expenses 2022: $25,556,941Net Income 2022: $11,142,0802022Revenue 2023: $8,914,688Expenses 2023: $26,959,827Net Income 2023: -$18,045,1392023Revenue 2024: $1,546,937Expenses 2024: $720,550Net Income 2024: $826,3872024

Highlighted filing

2018

Revenue$32,671,835
Expenses$26,617,340
Net Income$6,054,495
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$32,671,835
Mission and Program Overview

Mission

First Look Institute is a nonprofit organization committed to fearless reporting, bold filmmaking, and defending those who speak truth to power. By empowering journalists to unearth injustices, unbeholden to outside influence, by investing in a generation of trailblazing filmmakers, and by protecting risk-taking reporters and whistleblowers from retribution, First Look Institute vigilantly defends our First Amendment rights so democracy can flourish.

FLMW is media organization that seeks to increase public awareness of the forces shaping society, promote a free press, and hold the powerful to account.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$13,801,016$19,404,337▲ $5,603,321
Investments in Publicly Traded Securities$4,227,503--
Receivable From Disqualified Prsn-$2,644,348-
Prepaid Expenses and Deferred Charges$67,821$488,438▲ $420,617
Land, Buildings, and Equipment, Net$488,973$404,004▼ $84,969
Accounts Receivable$14,477$138,085▲ $123,608
Total Assets$18,599,790$23,079,212▲ $4,479,422
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$3,085,355$1,725,522▼ $1,359,833
Total Liabilities$3,085,355$1,725,522▼ $1,359,833
Net Assets / Fund Balance
Unrestricted Net Assets$2,791,541$21,353,690▲ $18,562,149
Temporarily Rstr Net Assets$12,722,894$0▼ $12,722,894
Total Net Assets Fund Balance$15,514,435$21,353,690▲ $5,839,255
Total Liabilities and Net Assets / Fund Balance$18,599,790$23,079,212▲ $4,479,422

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$271,825$274,677$546,502
Equipment$132,179$260,169$392,348
Buildings$0$10,580$10,580
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael BloomPresidentFT--$477,773
Jeremy ScahillCo-founding Editor/Sr. Investigative ReporterPT$282,992$129,921$412,913
Pierre OmidyarDirector/Chair---$359,712
Elizabeth ReedEditor in ChiefFT$427,418$50,355$329,529
Jeremy ScahillCo-founding Editor/Sr. Investigative-$282,992$46,537$329,529
Kate MyersExecutive Director, Revenue Operatio-$182,813$24,990$305,950
Charlotte FrederickManaging EditorFT$180,003$33,146$265,855
Ryan GrimWashington Bureau ChiefFT$234,707$31,148$265,855
Peter MaassSenior EditorFT$192,985$52,877$245,862
Roger HodgeDeputy EditorFT$174,630$44,530$245,862
Andrew S WilsonTreasurerFT--$219,160
Charlotte CookCreative DirectorFT$158,142$6,935$215,541
Lynn DombekResearch DirectorFT$169,608$45,933$215,541
Pat ChristenDirector---$213,149
Kate MyersExecutive Director, Revenue OperationsFT$182,813$24,990$207,803
Jeffrey AlvordDirector/Vice Chair---$207,803
David BralowSecretaryFT$308,701$51,011$165,077

Board Members and Trustees

NameTitle
William FitzpatrickFormer Director/Secty
Kathleen BaumannAssistant Treasurer
James RisenSr. National Security Correspondent

Highest Paid Contractors

ContractorServicesLocationCompensation
Enzuli Managment LLCJournalism114 5th Ave 18th Floor, New York, NY 10011$490,620
Arnold & Porter Kaye Scholer LLPLegal Services601 Massachusetts Ave NW, Washington, DC 20001$299,117
Atlantic FreeholdsRentOne California St Suite 2500, San Francisco, CA 94111$225,103
Markay Media LLFilm Production - "Burden of Proof"303 Watts St, Durham, NC 27701$225,000
Praxis Films IncFilm Production205 Hudson St Suite 1004, New York, NY 10013$180,553
Revenue and Support

Revenue Composition

Contributions and Grants
$32,550,130
Program Service Revenue
$66,449
Investment Income
$48,435
Other Revenue
$6,821
All Other Contributions
$32,550,130
Change in Net Assets
$6,054,495

Audited Revenue Reconciliation

Revenue per Audited Statements
$32,671,835
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$12,842,894
Total Revenue per Audited Statements
$45,514,729
Total Revenue per Form 990
$32,671,835
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,323,694
Salaries, Compensation, and Employee Benefits$11,452,507
Grants and Similar Amounts Paid$1,841,139
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,064,570$147,730-$7,212,300
Occupancy$6,374,372$-357,765-$6,016,607
Current Officers, Directors, Trustees, and Key Employees$2,598,727--$2,598,727
Fees for Services Other$1,650,937--$1,650,937
Grants to Domestic Orgs$1,640,594--$1,640,594
Other Employee Benefits$929,311$11,893-$941,204
Fees for Services Legal$734,904$9,536-$744,440
Payroll Taxes$695,638$4,638-$700,276
Travel$503,697$61,381-$565,078
Advertising$321,791$129,665-$451,456
All Other Expenses$314,121$74,981-$389,102
Fees for Services Management-$306,077-$306,077
Information Technology$243,875$41,944-$285,819
Insurance$279,832$118-$279,950
Office Expenses$124,851$39,184-$164,035
Depreciation Depletion-$148,022-$148,022
Other Expenses$146,008--$146,008
Foreign Grants$136,545--$136,545
Fees for Services Accounting$18,289$68,000-$86,289
Grants to Domestic Individuals$64,000--$64,000
Total Functional Expenses$25,931,936$685,404$0$26,617,340

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$26,952,580
Expenses per Audited Statements$26,617,340
Total Expenses per Form 990$26,617,340
Expenses Not Reported on Form 990$335,240
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Baker Donelson Bearman Caldwell & Berkowitz PCAtlanta, GA-Reality Winner Case$1,150,890
Freedom of The Press FoundationSan Francisco, CA501(c)(3)General Support$330,000
The Nation InstituteNew York, NY501(c)(3)Content Grant$69,063
First Amendment CoalitionSan Rafael, CA501(c)(3)General & Educational Support$35,000
The Nation InstituteNew York, NY501(c)(3)Gala Table Sponsorship$10,008
Committee to Protect JournalistsNew York, NY501(c)(3)Gala fundraiser (held in 2017)$10,000
Committee to Protect JournalistsNew York, NY501(c)(3)Gala fundraiser (held in 2018)$10,000
Regents of Univ of CaliforniaBerkeley, CA501(c)(3)General Support$10,000
The National Press Photographers AssociationAthens, GA501(c)(6)General & Educational Support$10,000
Regents of Univ of CaliforniaBerkeley, CA501(c)(3)General & Educational Support$5,000
Goldberg & Allen LLPNew York, NY-PFDF Whistleblower support$633

International Summary

Offices
1
Employees
13
Spending
$450,564

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AmericaInternet news agencyNews reporting113$314,019
East Asia and the PacificSocial News NetworkLegal defense support--$86,545
Europe (Including Iceland & Greenland)Production CompanyProject Support--$50,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,625
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Will Fitzpatrick PCFormer Director/SecretaryLegal ServicesNo$163,043

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$2,644,348-
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 family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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 A, line 2

Director Pierre Omidyar founded First Look Productions, Inc. ("FLP"), and First Look Services, Inc. ("FLS"), both of which are Delaware stock corporations, restricted to operating for purposes that are consistent with the educational mission of First Look Media Works. Mr. Omidyar, through ownership attribution, is the sole shareholder of these two entities. Director Jeffrey R. Alvord is a member of the board of FLP. An entity in which Mr. Alvord is a principal provides services to FLP and other entities owned by Mr. Omidyar. Director Pat Christen is employed by The Omidyar Group. Aside from employment and contractor agreements related to the employment and contractor services described above, and a facilities lease for its New York City headquarters with FLS, First Look Media Works, Inc. does not have any other leases, contracts, loans, or other agreements with its officers, directors, highest compensated employees, or highest compensated independent contractors.

Form 990, Part VI, Section A, line 6

The organization's members are its directors, The Pierre Omidyar Trust, Pat Christian and Jeffrey R. Alvord.

Form 990, Part VI, Section A, line 7A

Members have the power to elect or appoint one or more members of the governing body.

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

Submitted to directors for review and comment. Any questions to be answered and the forms updated for final signature.

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

The conflict of interest policy is designed to foster public confidence in the integrity of First Look Media Works, Inc. (FLMW), and to protect FLMW's interest when it is contemplating entering a transaction that might benefit the private interest of a director, a corporate officer, the top management or top financial official, a person with substantial influence over FLMW, or other disqualified person. Directors, officers, and key employees are required to comply with a specific conflict of interest policy and disclosure requirements on an annual basis.

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

Compensation for key employees and officers is determined through the use of a compensation analysis including the use of comparable data, and approval by the Board.

Form 990, Part VI, Section C, line 19

Governing documents, policies and financial statements will be made available to the public upon request.

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

William Fitzpatrick - 720 University Ave., Ste 200, Los Gatos, CA 95032.

Form 990, Part VI, Q 13

Whistleblower Policy First Look Media works has a Whistleblower Policy applicable to all employees in compliance with all relevant laws, and posts the means by which parties can anonymously report their concerns in common areas.

Filing and Contact Details

Filer

Filer Name
First Look Media Works Inc
EIN
80-0951255
Phone
9174776500
Address
114 5th Avenue 18th Floor, New York, NY 10011

Signing Officer

Name
Andrew S Wilson
Title
Chief Financial Officer
Phone
9174776500
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Bloom
Formed
2013
Legal Domicile
De
Voting Board Members
3
Independent Board Members
1
Employees
85
Volunteers
5

Preparer

Firm
Comprehensive Financial Management
Address
720 University Ave 200, Los Gatos, CA 95032
Preparer
Tiffany Bay
Phone
4083583316
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 24E

Other (audio): Program service expenses 105,864. Management and general expenses 0. Fundraising expenses 0. Total expenses 105,864. Other (bank fees): Program service expenses 55,229. Management and general expenses 0. Fundraising expenses 0. Total expenses 55,229. Other (trans): Program service expenses 33,801. Management and general expenses 0. Fundraising expenses 0. Total expenses 33,801. Other (staff training): Program service expenses 26,698. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,698. Other (illustrations): Program service expenses 22,358. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,358. Other Expenses: Program service expenses 0. Management and general expenses 16,649. Fundraising expenses 0. Total expenses 16,649. Other (meetings) (mgmt): Program service expenses 0. Management and general expenses 15,657. Fundraising expenses 0. Total expenses 15,657. Other (meetings): Program service expenses 14,901. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,901. Other (fact checking): Program service expenses 12,282. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,282. Other (license) (mgmt): Program service expenses 0. Management and general expenses 11,674. Fundraising expenses 0. Total expenses 11,674. Other (dues): Program service expenses 10,849. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,849. Other (misc): Program service expenses 10,801. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,801. Other (video prod) (mgmt): Program service expenses 0. Management and general expenses 9,192. Fundraising expenses 0. Total expenses 9,192. Other (bank fees) (mgmt): Program service expenses 0. Management and general expenses 7,240. Fundraising expenses 0. Total expenses 7,240. Other (rental): Program service expenses 7,005. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,005. Other (dues) (mgmt): Program service expenses 0. Management and general expenses 5,683. Fundraising expenses 0. Total expenses 5,683. Other (development): Program service expenses 5,450. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,450. Other (staff training) (mgmt): Program service expenses 0. Management and general expenses 3,982. Fundraising expenses 0. Total expenses 3,982. Other (books): Program service expenses 3,654. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,654. Other (misc) (mgmt): Program service expenses 0. Management and general expenses 3,166. Fundraising expenses 0. Total expenses 3,166. Other (content license): Program service expenses 2,435. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,435. Other (license): Program service expenses 2,036. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,036. Other (freelance)(mgmt): Program service expenses 0. Management and general expenses 1,238. Fundraising expenses 0. Total expenses 1,238. Other (gifts): Program service expenses 758. Management and general expenses 0. Fundraising expenses 0. Total expenses 758. Other (photo) (mgmt): Program service expenses 0. Management and general expenses 450. Fundraising expenses 0. Total expenses 450. Other (audio) (mgmt): Program service expenses 0. Management and general expenses 50. Fundraising expenses 0. Total expenses 50.

Form 990, Part XI, line 9:

Grants paid in 2019 -215,240.

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

Net assets released from restrictions

Part XI, Line 4B - Other Adjustments:

Realized gains on investments

Part XII, Line 2D - Other Adjustments:

Net assets released from restrictions Grants paid in 2019

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IRS990/Desc0The Intercept is an award-winning publisher of news dedicated to holding the powerful accountable through fearless, adversarial journalism. Its in-depth investigations and unflinching analyses focus on politics, war, surveillance, corruption, criminal justice, the environment, immigration, the media, technology and more. The Intercept Brasil is The Intercept's subdomain based in Rio de Janiero, a news agency that produces content for an international audience through internet distribution channels. The Intercept gives its journalists in the US and Brazil the editorial freedom and legal support they need to expose corruption and injustice wherever they find it. Through the Research and Security group, known as Neptune, which includes award-winning research, security, engineering and editorial experts, The Intercept makes documents available for inquiry and analysis in secure environments.
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IRS990/ProgSrvcAccomActy3Grp/Desc0The Press Freedom Defense Fund provides support to journalists and others to pursue legal fights where a substantial public interest is at stake. Through grants (often paid directly to expert legal counsel who agree to provide representation at reduced/capped fees) and educational outreach to support established and non-traditional journalists and news organizations, the Fund opposes official action that restrict press freedoms and seek source information or journalistic materials. It is one of the few programs that supports whistleblowers and other journalistic sources.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.79$3.33$1.55$1.55$0.72$0.83
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.75$12.1$2.37$8.91$27.0$18.0
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.3$4.78$15.5$36.7$25.6$11.1
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.92$4.56$4.37$13.7$28.3$14.5
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.7$1.76$18.9$26.7$29.3$2.61
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.9$1.43$21.5$28.4$28.2$0.16
2018Detailed filing. Detailed filing data is available for this year.$23.1$1.73$21.4$32.7$26.6$6.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.6$3.09$15.5$13.7$25.9$12.2
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.4$0.66$27.7$10.5$15.8$5.27
2015Summary only. Only limited summary data is available for this year.$33.9$0.89$33.0$34.6$19.7$14.9
2014Detailed filing. Detailed filing data is available for this year.$19.6$1.53$18.1$0.01$11.8$11.8
2013Summary only. Only limited summary data is available for this year.$30.1$0.22$29.9$30.8$0.86$29.9