Civic Intelligence

Fuller Project for International Reporting Inc.

990 • Fiscal year 2022 • EIN 81-1175253

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 02, 2023

7920 Norfolk Avenue 310Bethesda, MD 20814

(202) 964-0854

Siviq Scores

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

Liabilities / Assets

49th percentile

0.06x

Higher debt load relative to assets than 49% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

63rd percentile

0.17x

Higher debt load relative to revenue than 63% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

4th percentile

-90%

Higher net margin than 4% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

93rd percentile

$245,512

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 18.5% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

5th percentile

-24%

Faster asset growth than 5% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

11th percentile

-36%

Faster revenue growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$3,860,999

Down $1,244,041 (-24%) from 2021

Net Assets

Down

$3,641,097

Down $1,394,302 (-28%) from 2021

Liabilities

Up

$219,902

Up $150,261 (+216%) from 2021

Revenue

Down

$1,325,447

Down $758,284 (-36%) from 2021

Expenses

Up

$2,523,425

Up $128,137 (+5.3%) from 2021

Net Income

Down

-$1,197,978

Down $886,421 (-285%) from 2021

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2019: $2,475,947Liabilities 2019: $15,413Net Assets 2019: $2,460,5342019Assets 2021: $5,105,040Liabilities 2021: $69,641Net Assets 2021: $5,035,3992021Assets 2022: $3,860,999Liabilities 2022: $219,902Net Assets 2022: $3,641,0972022Assets 2024: $2,796,462Liabilities 2024: $205,963Net Assets 2024: $2,590,4992024

Highlighted filing

2022

Assets$3,860,999
Liabilities$219,902
Net Assets$3,641,097

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2019: $2,475,402Expenses 2019: $866,905Net Income 2019: $1,608,4972019Revenue 2021: $2,083,731Expenses 2021: $2,395,288Net Income 2021: -$311,5572021Revenue 2022: $1,325,447Expenses 2022: $2,523,425Net Income 2022: -$1,197,9782022Revenue 2024: $2,242,464Expenses 2024: $3,208,709Net Income 2024: -$966,2452024

Highlighted filing

2022

Revenue$1,325,447
Expenses$2,523,425
Net Income-$1,197,978
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 2, 2023
Return Version
2022v5.0
Gross Receipts
$1,390,487
Mission and Program Overview

Mission

The fuller project is the global newsroom dedicated to groundbreaking reporting that catalyzes positive change for women.

Global newsroom dedicated to groundbreaking reporting that catalyzes positive change for women.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$2,149,644-
Savings and Temporary Cash Investments$3,147,704$1,061,845▼ $2,085,859
Cash and Non-Interest-Bearing Accounts$246,116$290,330▲ $44,214
Pledges and Grants Receivable$1,662,570$114,652▼ $1,547,918
Prepaid Expenses and Deferred Charges$20,408$31,027▲ $10,619
Land, Buildings, and Equipment, Net$6,692$883▼ $5,809
Total Assets$5,105,040$3,860,999▼ $1,244,041
Other Assets Total$21,550$212,618▲ $191,068
Liabilities
Other Liabilities$0$173,521▲ $173,521
Accounts Payable and Accrued Expenses$69,641$46,381▼ $23,260
Total Liabilities$69,641$219,902▲ $150,261
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,301,467$2,360,529▲ $59,062
Net Assets With Donor Restrictions$2,733,932$1,280,568▼ $1,453,364
Total Net Assets Fund Balance$5,035,399$3,641,097▼ $1,394,302
Total Liabilities and Net Assets / Fund Balance$5,105,040$3,860,999▼ $1,244,041

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$883$11,255$12,138
Other Assets Org$167,848--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Xanthe ScharffCEOFT$228,777$16,735$245,512
Eva RodriguezEditor in Chief (as of 04/2022)FT$181,731-$181,731
Kimberly AbbottChief Communications OfficerFT$165,163$15,560$180,723
Claire CozensManaging Editor (as of 03/2022)FT$106,500$15,725$122,225
Maher SattarSenior EditorFT$103,969$11,292$115,261
Lilian TanChief Oper. Officer (until 09/2022)FT$98,352$10,824$109,176

Board Members and Trustees

NameTitle
SARAH O'HAGANChair
David PayneDirector
Deneen HowellDirector
Gina MayaDirector
Jodi RudorenDirector
Maria LibermanDirector
Mary BernerDirector
Ravi AgrawalDirector
Robert RosenthalDirector
Stacey SamuelDirector
Miriam MahlowDirector (until June 2022)
Ana ReyesDirector (until May 2022)
Rebecca WinthropDirector (until October 2022)
Tim IsgittSecretary
Ritu SharmaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,275,480
Program Service Revenue
$1,800
Investment Income
$47,967
Other Revenue
$200
All Other Contributions
$1,275,480
Change in Net Assets
$-1,197,978

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,325,447
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-196,324
Total Revenue per Audited Statements
$1,129,123
Total Revenue per Form 990
$1,325,447
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,696,275
Other Expenses$827,150
Total Fundraising Expense$175,634
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$639,370$99,327$63,120$801,817
Current Officers, Directors, Trustees, and Key Employees$554,857$115,341$46,944$717,142
Fees for Services Other$291,589$139,241$28,256$459,086
Payroll Taxes$75,186$13,510$6,980$95,676
Other Employee Benefits$59,867$3,530$9,538$72,935
Travel$62,124$5,543$1,615$69,282
Information Technology$47,970$3,449$502$51,921
Occupancy$31,083$14,200$5,558$50,841
Office Expenses$20,189$9,323$1,355$30,867
Fees for Services Accounting-$29,289-$29,289
Insurance-$19,929-$19,929
Conferences and Meetings$4,927$7,047-$11,974
Other Expenses$7,164$4,101$8,158$11,265
Pension Plan Contributions$6,236$1,786$683$8,705
Fees for Services Legal-$5,562-$5,562
Depreciation Depletion$1,580$729$106$2,415
Total Functional Expenses$1,866,209$481,582$175,634$2,523,425

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,523,425
Total Expenses per Audited Statements$2,523,425
Total Expenses per Form 990$2,523,425
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
3
Spending
$304,269

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland)Program ServicesJournalism02$183,388
South AsiaProgram ServicesJournalism01$60,859
East Asia and the PacificCommunications SupportPayments to Contractor00$36,929
North AmericaProgram ServicesJournalism00$8,110
Sub-saharan AfricaProgram ServicesJournalism00$7,224
Middle East and North AfricaProgram ServicesJournalism00$3,081
East Asia and the PacificProgram ServicesJournalism00$2,639
South AmericaProgram ServicesJournalism00$2,039
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
Operating Lease Liability$173,521
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
Yes
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 A, Line 4

The bylaws were amended during 2022 due to changes to board member term limits as well as other changes to the composition of the governing body's voting members.

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

The board of directors does not have formal committees that can act on behalf of the governing body.

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

Board directors are given a one-week period of review of the draft form 990 prior to filing with the internal revenue service.

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

In connection with any actual or possible conflicts of interest, an officer, director, or employee must disclose the existence of his or her financial interests in the organization, including business and family relationships in the organization. Each officer, director of employee is required to declare any conflicts of interest on an annual basis or as they arise. Any possible disclosed financial interest, or business and family relationships, is reviewed by the board chair and coo to determine if a conflict of interest exists. If the person disclosing the financial interest or existing business and family relationships is the board chair or coo, then the ceo will appoint two other directors to review. If it is determined that a conflict of interest exists, the board of directors and management shall take appropriate corrective or disciplinary actions.

Form 990, Part VI, Section B, Line 15

A compensation committee composed of independent directors of the board of directors reviewed, deliberated, and documented their decisions about compensation for ceo and other officers, if any. Comparability data from industry reports and specific peers is used, along with an assessment of employee accomplishments and skills. The last time the compensation study was completed to determine the ceo's compensation was during february 2023.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Fuller Project for International
EIN
81-1175253
Phone
2029640854
Address
7920 NORFOLK AVENUE 310, BETHESDA, MD 20814

Signing Officer

Name
Xanthe Scharff
Title
CEO
Phone
2029640854
Signed
2023-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Xanthe Scharff
Formed
2016
Legal Domicile
De
Voting Board Members
13
Independent Board Members
12
Employees
18
Volunteers
15

Preparer

Firm
Han Group LLC
Address
1020 19TH STREET NW SUITE 800, WASHINGTON, DC 20036
Preparer
Jennifer S Han
Phone
2022937000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants: program service expenses 81,608. Management and general expenses 118,960. Fundraising expenses 24,460. Total expenses 225,028. Freelance authors & editors: program service expenses 102,858. Management and general expenses 0. Fundraising expenses 0. Total expenses 102,858. Reporting support people: program service expenses 3,879. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,879. Illustrators, photographers, and designers: program service expenses 28,566. Management and general expenses 380. Fundraising expenses 146. Total expenses 29,092. Recruiters: program service expenses 37,244. Management and general expenses 13,175. Fundraising expenses 175. Total expenses 50,594. Payroll service: program service expenses 37,434. Management and general expenses 6,726. Fundraising expenses 3,475. Total expenses 47,635.

FORM 990, PART XII, LINE 2C:

The process has not changed from prior year.

Financial Statement Notes

PART X, LINE 2:

The organization follows the authoritative guidance relating to accounting for uncertainty in income taxes included in asc topic 740-10, income taxes. These provisions provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition and derecognition of tax positions taken or expected to be taken in a tax return. It is the organization's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expenses. The organization performed an evaluation of uncertain tax positions for the year ended december 31, 2022, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. The statute of limitations generally remains open for three tax years with the u.s. Federal jurisdiction or the various states and local jurisdictions in which the organization files tax returns.

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