Civic Intelligence

The New (New) Masses Foundation

EIN 84-4943008 • 501(c)3 • New York, NY

Profile

The drift aims to introduce new work and new ideas by young writers who haven't yet been absrobed into the media hivemind and don't feel hemmed in by the boundaries of the existing discourse.

PO Box 75New York, NY 10113

www.thedriftmag.com

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

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

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

Liabilities / Revenue

32nd percentile

0.00x

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

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

Net Margin

50th percentile

3.7%

Higher net margin than 50% of similar nonprofits.

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

Top Officer Pay

57th percentile

$40,000

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

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

Asset Growth

57th percentile

9.3%

Faster asset growth than 57% of similar nonprofits.

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

Revenue Growth

46th percentile

5.4%

Faster revenue growth than 46% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$278,274

Up $23,566 (+9.3%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$278,274

Up $23,566 (+9.3%) from 2023

Operations
Liabilities / Revenue32nd percentileNet Margin50th percentile

Revenue

Up

$640,324

Up $33,060 (+5.4%) from 2023

Expenses

Up

$616,758

Up $37,240 (+6.4%) from 2023

Net Income

Down

$23,566

Down $4,180 (-15%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth57th percentile

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

$300K$200K$100K$0Assets 2020: $34,540Net Assets 2020: $34,5402020Assets 2021: $17,885Net Assets 2021: $17,8852021Assets 2022: $226,962Liabilities 2022: $29,170Net Assets 2022: $197,7922022Assets 2023: $254,708Liabilities 2023: $0Net Assets 2023: $254,7082023Assets 2024: $278,274Liabilities 2024: $0Net Assets 2024: $278,2742024

Highlighted filing

2024

Assets$278,274
Liabilities$0
Net Assets$278,274
Open 2024 Filing

Operations Trend

Revenue Growth46th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2020: $61,694Expenses 2020: $27,154Net Income 2020: $34,5402020Revenue 2021: $69,364Expenses 2021: $86,020Net Income 2021: -$16,6562021Revenue 2022: $471,991Expenses 2022: $292,084Net Income 2022: $179,9072022Revenue 2023: $607,264Expenses 2023: $579,518Net Income 2023: $27,7462023Revenue 2024: $640,324Expenses 2024: $616,758Net Income 2024: $23,5662024

Highlighted filing

2024

Revenue$640,324
Expenses$616,758
Net Income$23,566
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
$278,274
Liabilities
$0
Net assets
$278,274
Revenue
$640,324
Expenses
$616,758
Net income
$23,566
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.78$0.00$2.78$6.40$6.17$0.24
2023Detailed filing. Detailed filing data is available for this year.$2.55$0.00$2.55$6.07$5.80$0.28
2022Detailed filing. Detailed filing data is available for this year.$2.27$0.29$1.98$4.72$2.92$1.80
2021Detailed filing. Detailed filing data is available for this year.$0.18$0.18$0.69$0.86$0.17
2020Detailed filing. Detailed filing data is available for this year.$0.35$0.35$0.62$0.27$0.35
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$642,313
Mission and Program Overview

Mission

The purpose for which this corporation is formed are exclusively charitable,educational, scientific or literary, or for purposes of preventing cruelty to children or animals.

The drift aims to introduce new work and new ideas by young writers who havent yet been absrobed into the media hivemind and dont feel hemmed in by the boundaries of the existing discourse.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$254,708$278,274▲ $23,566
Total Assets$254,708$278,274▲ $23,566
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$254,708$278,274▲ $23,566
Total Net Assets Fund Balance$254,708$278,274▲ $23,566
Total Liabilities and Net Assets / Fund Balance$254,708$278,274▲ $23,566
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kiara BarrowCo-president/secretaryFT$40,000$40,000
Rebecca PanovkaCo-president/treasurerFT$38,181$38,181
Revenue and Support

Revenue Composition

Contributions and Grants
$371,942
Program Service Revenue
$228,744
Investment Income
$43
Other Revenue
$39,595
All Other Contributions
$285,925
Change in Net Assets
$23,566
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$311,079
Salaries, Compensation, and Employee Benefits$305,679
Total Fundraising Expense$72,128
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$89,070$45,491$24,751$159,312
Current Officers, Directors, Trustees, and Key Employees$26,666$26,666$26,666$79,998
Other Employee Benefits$20,743$12,933$9,216$42,892
Payroll Taxes$11,354$7,079$5,044$23,477
Fees for Services Accounting$0$12,976$0$12,976
Other Expenses$5,528$3,447$2,456$11,431
Fees for Services Other$10,075$0$0$10,075
Occupancy$5,083$0$0$5,083
Insurance$2,404$1,498$1,068$4,970
Information Technology$0$4,807$0$4,807
All Other Expenses$908$2,957$929$4,794
Travel$173$0$0$173
Advertising$0$25$0$25
Total Functional Expenses$423,945$120,685$72,128$616,758
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$29,386
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Fundraiser$55,403$29,386-$29,386
Total Events$55,403$29,386-$29,386
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
Yes
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
Filing and Contact Details

Filer

Filer Name
The Drift Magazine Foundation Inc
EIN
84-4943008
Phone
9176176243
Address
PO BOX 75, NEW YORK, NY 10113

Signing Officer

Name
Rebecca Panovka
Title
Treasurer
Phone
9176176243
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rebecca Panovka
Formed
2020
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
0
Employees
6
Volunteers
1

Preparer

Firm
Rich and Bander Llp
Address
79 MADISON AVE 2ND FLOOR, NEW YORK, NY 10016
Preparer
Jonathan a Bander
Phone
2126842470
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The 990 is reviewed and approved by all of the board of directors prior to filing.”

Pt VI, Line 15A

“Annual conflict of interest diclosure forms are obtained from board members, officers and key employees annually.”

Pt VI, Line 19

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

Financial Statement Notes

Pt X, Line 2

“The organization has evaluated its current tax positions and has concluded that as of december 31, 2024, the organization does not have any significant uncertain tax positions for which a reserve would be necessary.”

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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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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THE ORGANIZATION DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY.
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt026017
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPRING FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt055403
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt055403
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt029386
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt029386
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt029386
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED AND APPROVED BY ALL OF THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL CONFLICT OF INTEREST DICLOSURE FORMS ARE OBTAINED FROM BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0278274
IRS990/TotalAssetsGrp/BOYAmt0254708
IRS990/TotalAssetsGrp/EOYAmt0278274
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0371942
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt072128
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0120685
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0423945
IRS990/TotalFunctionalExpensesGrp/TotalAmt0616758
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0254708
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0278274
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0423945
IRS990/TotalProgramServiceRevenueAmt0228744
IRS990/TotalReportableCompFromOrgAmt078181
IRS990/TotalRevenueGrp/ExclusionAmt029429
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0238953
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0640324
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0254708
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0278274
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt0173
IRS990/TravelGrp/TotalAmt0173
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0SAME AS ABOVE
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010113
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.thedriftmag.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0REBECCA PANOVKA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09176176243
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE DRIFT MAGAZINE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0DRIF
ReturnHeader/Filer/EIN0844943008
ReturnHeader/Filer/PhoneNum09176176243
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 75
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010113
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202747426
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RICH AND BANDER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt079 MADISON AVE 2ND FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010016
ReturnHeader/PreparerPersonGrp/PhoneNum02126842470
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JONATHAN A BANDER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-11-13T03:57:38-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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