Civic Intelligence

The Markup News Inc

EIN 84-3438375 • 501(c)3 • New York, NY

Profile

The markup is a nonprofit newsroom that challenges technology to serve the public good. To do this, we utilize an unparalleled roster of engineers and journalists who pursue meaningful, data-driven investigations and develop digital tools and blueprints so others can do it too.

PO Box 1103New York, NY 10159

themarkup.org

Siviq Scores

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

Liabilities / Assets

28th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE A • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

28th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE A • $500k-$1M nonprofits • Source year 2024

Net Margin

1st percentile

-631%

Higher net margin than 1% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

100th percentile

$467,861

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 76.7% of source-year revenue.

NTEE A • $500k-$1M nonprofits • Source year 2024

Asset Growth

1st percentile

-99%

Faster asset growth than 1% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-86%

Faster revenue growth than 2% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$48,625

Down $4,055,548 (-99%) from 2023

Liabilities

Down

$0

Down $209,075 (-100%) from 2023

Net Assets

Down

$48,625

Down $3,846,473 (-99%) from 2023

Revenue

Down

$609,669

Down $3,696,381 (-86%) from 2023

Expenses

Down

$4,456,142

Down $1,166,460 (-21%) from 2023

Net Income

Down

-$3,846,473

Down $2,529,921 (-192%) from 2023

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2020: $6,014,280Liabilities 2020: $157,875Net Assets 2020: $5,856,4052020Assets 2021: $7,207,134Liabilities 2021: $208,414Net Assets 2021: $6,998,7202021Assets 2022: $5,503,972Liabilities 2022: $292,322Net Assets 2022: $5,211,6502022Assets 2023: $4,104,173Liabilities 2023: $209,075Net Assets 2023: $3,895,0982023Assets 2024: $48,625Liabilities 2024: $0Net Assets 2024: $48,6252024

Highlighted filing

2024

Assets$48,625
Liabilities$0
Net Assets$48,625

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2020: $10,420,954Expenses 2020: $4,564,549Net Income 2020: $5,856,4052020Revenue 2021: $6,862,028Expenses 2021: $5,719,713Net Income 2021: $1,142,3152021Revenue 2022: $4,285,481Expenses 2022: $5,921,216Net Income 2022: -$1,635,7352022Revenue 2023: $4,306,050Expenses 2023: $5,622,602Net Income 2023: -$1,316,5522023Revenue 2024: $609,669Expenses 2024: $4,456,142Net Income 2024: -$3,846,4732024

Highlighted filing

2024

Revenue$609,669
Expenses$4,456,142
Net Income-$3,846,473

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 25, 2023
Return Version
2022v5.0
Gross Receipts
$4,285,481
Mission and Program Overview

Mission

The markup is a nonprofit newsroom that investigates how powerful institutions are using technology to change our society. We are a new kind of media organization, staffed with an unparalleled roster of quantitative journalists who pursue meaningful, data-driven investigations

The markup is a nonprofit newsroom that challenges technology to serve the public good. To do this, we utilize an unparalleled roster of engineers and journalists who pursue meaningful, data-driven investigations and develop digital tools and blueprints so others can do it too.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$6,382,010$3,904,942▼ $2,477,068
Cash and Non-Interest-Bearing Accounts$258,386$813,244▲ $554,858
Pledges and Grants Receivable$250,000$715,000▲ $465,000
Accounts Receivable$265,000$0▼ $265,000
Prepaid Expenses and Deferred Charges$49,934$65,350▲ $15,416
Land, Buildings, and Equipment, Net$1,804$5,436▲ $3,632
Total Assets$7,207,134$5,503,972▼ $1,703,162
Liabilities
Accounts Payable and Accrued Expenses$208,414$292,322▲ $83,908
Total Liabilities$208,414$292,322▲ $83,908
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,035,367$4,300,273▼ $1,735,094
Net Assets With Donor Restrictions$963,353$911,377▼ $51,976
Total Net Assets Fund Balance$6,998,720$5,211,650▼ $1,787,070
Total Liabilities and Net Assets / Fund Balance$7,207,134$5,503,972▼ $1,703,162

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,436$3,282$8,718
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julia AngwinEditor-at-large and FounderFT$296,550$83,873$380,423
Nabiha SyedCEOFT$290,180$4,777$294,957
Lauren SpirigDevelopment DirectorFT$166,050$81,230$247,280
Jon KeeganInvestigative Data JournalistFT$150,238$81,903$232,141
Evelyn Larrubia Thru 1122Managing Editor, InvestigationsFT$201,749$24,683$226,432
Korey Te HiraVice President, Strategy & OperationsFT$164,048$56,860$220,908
Korey Te HiraVice President, Strategy & Operation-$164,000$56,908$220,908
Daniel PhifferFull-stack EngineerFT$135,810$81,275$217,085
Ramsey IslerDirector of ProductFT$169,850$30,660$200,510
Leon YinInvestigative Data JournalistFT$140,698$58,109$198,807
Malena CarolloInvestigative ReporterFT$115,098$57,077$172,175
Simon Fondrie-teitlerInfrastructure EngineerFT$118,044$30,026$148,070

Board Members and Trustees

NameTitle
David BoardmanChair
Anil DashDirector
Dele OlojedeDirector
Melissa Harris-perryDirector
Nicole WongDirector
Stuart KarleSecretary
Paul OhmTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
JustworksProfessional Employer Organization55 WATER ST, New York, NY 10041$4,938,817
Revenue and Support

Revenue Composition

Contributions and Grants
$4,274,548
Program Service Revenue
$0
Investment Income
$10,933
Other Revenue
$0
All Other Contributions
$4,274,548
Change in Net Assets
$-1,635,735

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,285,481
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,285,481
Total Revenue per Form 990
$4,285,481
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,364,342
Other Expenses$1,520,207
Total Fundraising Expense$383,049
Professional Fundraising Fees$36,667
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,879,636$229,484$116,263$2,225,383
Current Officers, Directors, Trustees, and Key Employees$1,326,508$161,953$82,050$1,570,511
Fees for Services Other$431,512$341,596$26,180$799,288
Fees for Services Legal$44,690$248,291-$292,981
Payroll Taxes$231,937$28,317$14,346$274,600
Other Employee Benefits$197,508$24,114$12,217$233,839
Office Expenses$73,333$13,780$30,075$117,188
Other Expenses$70,046$33,051$5,138$108,235
Conferences and Meetings$23,701$7,945$56,417$88,063
Insurance-$63,988-$63,988
Pension Plan Contributions$50,686$6,188$3,135$60,009
Fees for Services Professional Fundraising--$36,667$36,667
Travel$16,307$7,139$561$24,007
Information Technology-$15,907-$15,907
Advertising-$6,615-$6,615
Depreciation Depletion-$2,065-$2,065
Occupancy-$1,870-$1,870
Total Functional Expenses$4,345,864$1,192,303$383,049$5,921,216

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,921,216
Total Expenses per Audited Statements$5,921,216
Total Expenses per Form 990$5,921,216
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
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$36,667
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
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

Information prepared by management and accountants, and final version reviewed by management and treasurer prior to submission.

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

Per the organization's policy: you are required to disclose in good faith and in writing to the committee at the organization's headquarters all material facts related to conflicts of interest (including those that implicate an other related party but not a covered person) (including the nature of your or the other related party's interest and information about any proposed transaction or other arrangement). Disclosures should be made in advance, before any action is taken on the matter. Conflict identification and analysis can be difficult and, therefore, you are at all times expected to err on the side of caution and disclose all instances where a conflict of interest or the appearance of a conflict exists. Each current director, officer and key person of the organization, as well as nominees for election as director (prior to his or her initial election), must submit to the secretmy of the organization or a designated compliance officer at least once per year (and updated as appropriate) a questionnaire substantially in the form of the appendix to this policy. The secretary of the organization or the designated compliance officer shall provide copies of all completed statements to the chair of the committee. The committee will review all conflicts of interest and related party transactions and determine whether to approve or ratify any such matters; however, a transaction with a related party may proceed without committee review if the transaction: (i) is of limited monetary value; (ii) would not usually be reviewed by the board in the ordinary course of business and is available to others on the same or similar terms; or (iii) provides a charitable benefit to a member of a charitable class where the benefit is available to others on similar terms. The committee may only approve the underlying matter if it determines that such matter, under the terms and within the circumstances and conditions presented, is fair, reasonable, and in the best interests of the organization at the time of such determination.

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

Executive compensation was evaluated by funders while in fiscal sponsorship in 2019 and into 2020 using comparable organizations, and then approved by full board

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Markup News Inc
EIN
84-3438375
Phone
3477174094
Address
PO BOX 1103, NEW YORK, NY 10159
Doing Business As
The Markup

Signing Officer

Name
Nabiha Syed
Title
CEO
Phone
3477174094
Signed
2023-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nabiha Syed
Formed
2020
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Wegner Cpas Llp
Address
419 N LEE ST, ALEXANDRIA, VA 22314-2301
Preparer
Glenn Miller CPA
Phone
7035190990
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A

The markup news, inc. Leases employees from a professional employment organization, justworks. The employees are considered common law employees of the markup news, inc., however, justworks is the employer of record and employees receive their w2s from justworks.

Form 990, Part IX, Line 11G

Consulting fees: program service expenses 431,512. Management and general expenses 312,308. Fundraising expenses 26,180. Total expenses 770,000. Other professional fees: program service expenses 0. Management and general expenses 29,288. Fundraising expenses 0. Total expenses 29,288.

Raw XML AppendixShowing 400 of 691 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/Desc0EDITORIAL & GRAPHICS - IN 2022, THE MARKUP PUBLISHED INVESTIGATIONS AND REPORTS THAT REVEALED INEQUITIES AND HARM CAUSED BY TECHNOLOGY. OVER THE COURSE OF THE YEAR, WE PUBLISHED 105 ARTICLES A COMBINATION OF IN-DEPTH, DATA-BACKED INVESTIGATIONS, TOOLS, AND EXPLANATORY ARTICLES THAT EQUIPPED OUR AUDIENCE WITH PRACTICAL KNOWLEDGE.OUR WORK HAD A SIGNIFICANT IMPACT. THE WHITE HOUSE'S BLUEPRINT FOR AN AI BILL OF RIGHTS, WHICH RECOGNIZES THE HARM ALGORITHMS HAVE INFLICTED ON STUDENTS, WORKERS, TENANTS, AND CITIZENS, USED THREE OF THE MARKUP'S INVESTIGATIONS TO HELP INFORM ITS RECOMMENDATIONS. OUR WORK ON A DATA PRIVACY BREACH BY ONLINE TAX FILERS HAS BECOME THE BEDROCK OF A SERIES OF INVESTIGATIONS LAUNCHED BY THE US SENATE. AND TO DATE, 34 CLASS ACTION LAWSUITS HAVE BEEN FILED AGAINST HOSPITALS THAT VIOLATED HIPAA BY SENDING PATIENT DATA TO META.IN ADDITION TO OUR REPORTING WORK, WE CONTINUED TO DEVELOP NEW DIGITAL TOOLS. SOME OF 2022'S MOST IMPACTFUL WORK AROSE FROM OUR PIXEL HUNT SERIES, THE FIRST LARGE-SCALE CROWDSOURCED STUDY OF THE META PIXEL, A SNIPPET OF COMPUTER CODE EMBEDDED IN A WEBSITE AND USED FOR TRACKING YOU AROUND THE WEB. IT'S NOT JUST ABOUT SERVING YOU ADS FOR SHOES YOU MIGHT LIKE; EVEN WEBSITES PROCESSING HIGHLY SENSITIVE INFORMATION CAN HAVE THE PIXEL INSTALLED. THROUGH PIXEL HUNT, WE MONITOR THE PERVASIVENESS OF THE PIXEL, THE KIND OF INFORMATION IT COLLECTS, HOW IT'S IMPACTING COMMUNITIES, AND WHAT EVERYONE CAN DO TO PROTECT THEIR DATA.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8EDITOR-AT-LARGE AND FOUNDER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MANAGING EDITOR, INVESTIGATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt10DEVELOPMENT DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDENT, STRATEGY & OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR OF PRODUCT
IRS990/Form990PartVIISectionAGrp/TitleTxt13INVESTIGATIVE DATA JOURNALIST
IRS990/Form990PartVIISectionAGrp/TitleTxt14INVESTIGATIVE REPORTER
IRS990/Form990PartVIISectionAGrp/TitleTxt15INVESTIGATIVE DATA JOURNALIST
IRS990/Form990PartVIISectionAGrp/TitleTxt16INFRASTRUCTURE ENGINEER
IRS990/Form990PartVIISectionAGrp/TitleTxt17FULL-STACK ENGINEER
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt015907
IRS990/InformationTechnologyGrp/TotalAmt015907
IRS990/InsuranceGrp/ManagementAndGeneralAmt063988
IRS990/InsuranceGrp/TotalAmt063988
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE MARKUP IS A NONPROFIT NEWSROOM THAT CHALLENGES TECHNOLOGY TO SERVE THE PUBLIC GOOD. TO DO THIS, WE UTILIZE AN UNPARALLELED ROSTER OF ENGINEERS AND JOURNALISTS WHO PURSUE MEANINGFUL, DATA-DRIVEN INVESTIGATIONS AND DEVELOP DIGITAL TOOLS AND BLUEPRINTS SO OTHERS CAN DO IT TOO.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt05211650
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04300273
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01870
IRS990/OccupancyGrp/TotalAmt01870
IRS990/OfficeExpensesGrp/FundraisingAmt030075
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt013780
IRS990/OfficeExpensesGrp/ProgramServicesAmt073333
IRS990/OfficeExpensesGrp/TotalAmt0117188
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt012217
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt024114
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0197508
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0233839
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt033051
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IRS990/OtherExpensesGrp/TotalAmt0108235
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IRS990/PayrollTaxesGrp/FundraisingAmt014346
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt028317
IRS990/PayrollTaxesGrp/ProgramServicesAmt0231937
IRS990/PayrollTaxesGrp/TotalAmt0274600
IRS990/PensionPlanContributionsGrp/FundraisingAmt03135
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06188
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IRS990/ProfessionalFundraisingInd01
IRS990/ProgSrvcAccomActy2Grp/Desc0PRODUCT & TECHNOLOGY - IN 2022, THE MARKUP'S PRODUCT AND TECH TEAM PRIMARILY FOCUSED ON BUILDING TOOLS AND PROGRAMS THAT EMPOWERED OTHERS THROUGH DATA AND INFORMATION. MOST NOTABLY, WE ASSISTED WITH THE BUILDING OF A META PIXEL INSPECTOR, WHICH WAS USED FOR SEVERAL OF OUR MAJOR INVESTIGATIONS THIS YEAR. THE META PIXEL IS A SNIPPET OF COMPUTER CODE EMBEDDED IN A WEBSITE AND THROUGH OUR PIXEL HUNT INVESTIGATIONS, WE WERE ABLE TO USE THAT TOOL TO MONITOR THE PERVASIVENESS OF THE PIXEL, THE KIND OF INFORMATION IT COLLECTS, AND HOW IT'S IMPACTING COMMUNITIES. IN ADDITION, WE BUILT AND RELEASED SMOL LINKS, OUR LINK SHORTENER THAT MAINTAINS USER PRIVACY. WE ALSO CONDUCTED A LARGE-SCALE RESTRUCTURING OF OUR WEBSITE TO BETTER ALIGN WITH OUR ORGANIZATION'S MISSION.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0AUDIENCE - IN 2022, WE FOCUSED OUR AUDIENCE WORK ON GROWING THE MARKUP'S OVERALL BRAND IMPACT. OUR WORK WAS REPUBLISHED ACROSS OTHER NEWS NETWORKS 95 TIMES AND LOCALIZED BY OTHER NEWSROOMS 18 TIMES. WE CONTINUE TO REACH OUR READERS WHERE IT COUNTS: THIS YEAR ALONE, 7.7 MILLION PEOPLE USED OUR BLACKLIGHT TOOL AND OUR WEBSITE EXPERIENCED A STAGGERING RISE IN TRAFFIC: A 48% YEAR-OVER-YEAR INCREASE IN PAGE VIEWS. THIS YEAR, OUR MOST VIEWED STORIES WERE FACEBOOK IS RECEIVING SENSITIVE MEDICAL INFORMATION FROM HOSPITAL WEBSITES AND WHO IS COLLECTING DATA FROM YOUR CAR?. WE WERE ALSO RECOGNIZED BY LEADERS IN OUR INDUSTRY. WE WON 22 INDUSTRY AWARDS, INCLUDING SABEW, SIGMA, LOEB, EDWARD R. MURROW, SUSAN CROWN EXCHANGE, ONLINE JOURNALISM, AND DEADLINE CLUB.
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IRS990/PYTotalProfFndrsngExpnsAmt080000
IRS990/PYTotalRevenueAmt06862028
IRS990/QuidProQuoContributionsInd00
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IRS990/ReconcilationRevenueExpnssAmt0-1635735
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04908
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IRS990ScheduleA/TotalSupportAmt021568463
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IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0PROFESSIONAL FUNDRAISING
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