Civic Intelligence

Floodlight Inc.

990 • Fiscal year 2023 • EIN 86-1433162

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 18, 2024

712 H Street NE Suite 1371Washington, DC 20002

(202) 656-1358

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

20th percentile

0.00x

Higher debt load relative to revenue than 20% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

73rd percentile

18%

Higher net margin than 73% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

87th percentile

$177,904

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 10.8% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

83rd percentile

31%

Faster asset growth than 83% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

85th percentile

56%

Faster revenue growth than 85% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,290,698

Up $303,398 (+31%) from 2022

Net Assets

Up

$1,287,759

Up $303,959 (+31%) from 2022

Liabilities

Down

$2,939

Down $561 (-16%) from 2022

Revenue

Up

$1,646,632

Up $591,501 (+56%) from 2022

Expenses

Up

$1,342,673

Up $479,571 (+56%) from 2022

Net Income

Up

$303,959

Up $111,930 (+58%) from 2022

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2021: $601,102Liabilities 2021: $0Net Assets 2021: $601,1022021Assets 2022: $987,300Liabilities 2022: $3,500Net Assets 2022: $983,8002022Assets 2023: $1,290,698Liabilities 2023: $2,939Net Assets 2023: $1,287,7592023Assets 2024: $1,930,876Liabilities 2024: $1,319Net Assets 2024: $1,929,5572024

Highlighted filing

2023

Assets$1,290,698
Liabilities$2,939
Net Assets$1,287,759

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Revenue 2021: $886,747Expenses 2021: $285,645Net Income 2021: $601,1022021Revenue 2022: $1,055,131Expenses 2022: $863,102Net Income 2022: $192,0292022Revenue 2023: $1,646,632Expenses 2023: $1,342,673Net Income 2023: $303,9592023Revenue 2024: $1,877,084Expenses 2024: $1,235,286Net Income 2024: $641,7982024

Highlighted filing

2023

Revenue$1,646,632
Expenses$1,342,673
Net Income$303,959
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 18, 2024
Return Version
2023v5.1
Gross Receipts
$1,646,632
Mission and Program Overview

Mission

Floodlight is an environmental news organization that investigates the people and corporations stalling climate action. We collaborate with local and nonprofit publications.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$784,541$1,197,718▲ $413,177
Pledges and Grants Receivable$175,000$75,000▼ $100,000
Prepaid Expenses and Deferred Charges$27,759$17,980▼ $9,779
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$987,300$1,290,698▲ $303,398
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$3,500$2,939▼ $561
Total Liabilities$3,500$2,939▼ $561
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$683,916$1,108,096▲ $424,180
Net Assets With Donor Restrictions$299,884$179,663▼ $120,221
Total Net Assets Fund Balance$983,800$1,287,759▲ $303,959
Total Liabilities and Net Assets / Fund Balance$987,300$1,290,698▲ $303,398
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Emily HoldenPresident & CEOFT$165,000$12,904$177,904
John Dineeneditor in chiefFT$147,822$5,913$153,735
Miranda GreenDirector of Investig.FT$128,693$11,452$140,145
Kristi SwartzInvest. ReporterFT$120,000$11,104$131,104
Pam RadtkeGulf Coast Mgr EdFT$120,000$9,704$129,704

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,640,775
Program Service Revenue
$0
Investment Income
$5,857
Other Revenue
$0
All Other Contributions
$1,640,775
Change in Net Assets
$303,959

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,646,632
Revenue Not Reported on Form 990
$21,121
Total Revenue per Audited Statements
$1,667,753
Total Revenue per Form 990
$1,646,632
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,117,023
Other Expenses$225,650
Total Fundraising Expense$83,537
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$762,879$19,522$15,037$797,438
Current Officers, Directors, Trustees, and Key Employees$124,533$17,790$35,581$177,904
Fees for Services Other$48,288$46,067$26,220$120,575
Payroll Taxes$70,171$3,005$3,911$77,087
Other Employee Benefits$63,360$659$575$64,594
Travel$23,282$955$1,273$25,510
Fees for Services Accounting-$23,997-$23,997
Insurance$4,207$17,241$168$21,616
Fees for Services Legal-$15,107-$15,107
All Other Expenses$2,432$680$133$3,245
Advertising-$1,866-$1,866
Other Expenses$925$95$127$925
Total Functional Expenses$1,111,768$147,368$83,537$1,342,673

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,363,794
Expenses per Audited Statements$1,342,673
Total Expenses per Form 990$1,342,673
Expenses Not Reported on Form 990$21,121
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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 B, Line 11B

A copy of the Form 990 was provided to the officers and directors for review and comment prior to filing.

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

Upon engagement, election, or hiring, directors, officers, and key employees agree to comply with the conflict of interest policy and to disclose any conflicts of interest, which are then handled in accordance with the policy.

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

It is the organization's policy that compensation of any director, officer, or key employee is reasonable. Accordingly, compensation of the President was determined based on relevant comparability data followed by written resolution of a disinterested board approving the compensation in compliance with Treas. Reg. 53.4958-6.

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

See response to Form 990, Line 15b.

Form 990, Part VI, Section C, Line 18

The organization's Form 1023 and Form 990 returns are accessible to the public through state charities registries. The organization can also make such documents available upon written request.

Form 990, Part VI, Section C, Line 19

Documents subject to public disclosure or inspection are accessible through state charities registries or can be made available upon written request to the organization.

Filing and Contact Details

Filer

Filer Name
Floodlight Inc
EIN
86-1433162
Phone
2026561358
Address
712 H Street NE Suite 1371, Washington, DC 20002

Signing Officer

Name
Emily Holden
Title
President & CEO
Signed
2024-09-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emily Holden
Formed
2021
Legal Domicile
Dc
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Tovella Dowling PC
Address
600 W Broadway Ste 660 San Diego, San Diego, CA 92101
Preparer
Julie U Nguyen Esq
Phone
6199309332
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The organization is a nonprofit corporation exempt from federal income tax under Internal Revenue Code Section 501c3 and state income tax under equivalent statutes, except on unrelated business income. Therefore, these financial statements contain no provision for such taxes. Informational returns are filed annually with federal and state taxing authorities. The organization is not aware of any transactions that would affect its tax-exempt status. The organization believes that it has appropriate support for any tax positions taken and as such, does not have any uncertain tax positions that are material to the financial statements. The organization had no unrecognized tax benefits as of December 31, 2022.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
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IRS990/OtherExpensesGrp/FundraisingAmt0315
IRS990/OtherExpensesGrp/FundraisingAmt1197
IRS990/OtherExpensesGrp/FundraisingAmt2127
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0236
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1148
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt295
IRS990/OtherExpensesGrp/ProgramServicesAmt05764
IRS990/OtherExpensesGrp/ProgramServicesAmt13606
IRS990/OtherExpensesGrp/ProgramServicesAmt22321
IRS990/OtherExpensesGrp/ProgramServicesAmt3925
IRS990/OtherExpensesGrp/TotalAmt06315
IRS990/OtherExpensesGrp/TotalAmt13951
IRS990/OtherExpensesGrp/TotalAmt22543
IRS990/OtherExpensesGrp/TotalAmt3925
IRS990/OtherInd0X
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt015037
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt019522
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0762879
IRS990/OtherSalariesAndWagesGrp/TotalAmt0797438
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt03911
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03005
IRS990/PayrollTaxesGrp/ProgramServicesAmt070171
IRS990/PayrollTaxesGrp/TotalAmt077087
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0175000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt075000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027759
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017980
IRS990/PrincipalOfficerNm0Emily Holden
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01055131
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0104097
IRS990/PYRevenuesLessExpensesAmt0192029
IRS990/PYSalariesCompEmpBnftPaidAmt0759005
IRS990/PYTotalExpensesAmt0863102
IRS990/PYTotalRevenueAmt01055131
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0303959
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01640775
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01055131
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0886747
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03582653
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05857
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05857
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt02309726
IRS990ScheduleA/SubstantialContributorsTotAmt01272927
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01640775
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01055131
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0886747
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03582653
IRS990ScheduleA/TotalSupportAmt03588510
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt021121
IRS990ScheduleD/DonatedServicesUseFcltsAmt021121
IRS990ScheduleD/ExpensesNotReportedAmt021121
IRS990ScheduleD/ExpensesSubtotalAmt01342673
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt021121
IRS990ScheduleD/RevenueSubtotalAmt01646632
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The organization is a nonprofit corporation exempt from federal income tax under Internal Revenue Code Section 501c3 and state income tax under equivalent statutes, except on unrelated business income. Therefore, these financial statements contain no provision for such taxes. Informational returns are filed annually with federal and state taxing authorities. The organization is not aware of any transactions that would affect its tax-exempt status. The organization believes that it has appropriate support for any tax positions taken and as such, does not have any uncertain tax positions that are material to the financial statements. The organization had no unrecognized tax benefits as of December 31, 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalExpensesPerForm990Amt01342673
IRS990ScheduleD/TotalRevenuePerForm990Amt01646632
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01667753
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01363794
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0165000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1147822
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt15913
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt06304
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Emily Holden
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1John Dineen
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1editor in chief
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0177904
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1153735
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the Form 990 was provided to the officers and directors for review and comment prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Upon engagement, election, or hiring, directors, officers, and key employees agree to comply with the conflict of interest policy and to disclose any conflicts of interest, which are then handled in accordance with the policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2It is the organization's policy that compensation of any director, officer, or key employee is reasonable. Accordingly, compensation of the President was determined based on relevant comparability data followed by written resolution of a disinterested board approving the compensation in compliance with Treas. Reg. 53.4958-6.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3See response to Form 990, Line 15b.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization's Form 1023 and Form 990 returns are accessible to the public through state charities registries. The organization can also make such documents available upon written request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Documents subject to public disclosure or inspection are accessible through state charities registries or can be made available upon written request to the organization.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0DC
IRS990/StatesWhereCopyOfReturnIsFldCd1FL
IRS990/StatesWhereCopyOfReturnIsFldCd2GA
IRS990/StatesWhereCopyOfReturnIsFldCd3NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false

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