Civic Intelligence

Lost Debate Inc.

990 • Fiscal year 2021 • EIN 86-2659851

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization ProfileN/A

View Organization Page

611 Penn Ave SE 143 143Washington, DC 20003

(202) 552-0221

Siviq Scores

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

Liabilities / Assets

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

91st percentile

62%

Higher net margin than 91% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

95th percentile

$321,506

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 9.2% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets29th percentile

Assets

$2,200,126

No earlier filing loaded for comparison.

Net Assets

$2,181,646

No earlier filing loaded for comparison.

Liabilities

$18,480

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin91st percentile

Revenue

$3,500,000

No earlier filing loaded for comparison.

Expenses

$1,318,354

No earlier filing loaded for comparison.

Net Income

$2,181,646

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0Assets 2021: $2,200,126Liabilities 2021: $18,480Net Assets 2021: $2,181,6462021Assets 2022: $1,899,417Liabilities 2022: $66,625Net Assets 2022: $1,832,7922022Assets 2023: $890,789Liabilities 2023: $141,355Net Assets 2023: $749,4342023Assets 2024: $713,417Liabilities 2024: $42,305Net Assets 2024: $671,1122024

Highlighted filing

2021

Assets$2,200,126
Liabilities$18,480
Net Assets$2,181,646
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$2.0M$0-$2.0MRevenue 2021: $3,500,000Expenses 2021: $1,318,354Net Income 2021: $2,181,6462021Revenue 2022: $3,502,215Expenses 2022: $3,851,069Net Income 2022: -$348,8542022Revenue 2023: $1,430,148Expenses 2023: $2,513,506Net Income 2023: -$1,083,3582023Revenue 2024: $1,106,000Expenses 2024: $1,184,322Net Income 2024: -$78,3222024

Highlighted filing

2021

Revenue$3,500,000
Expenses$1,318,354
Net Income$2,181,646
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.1
Gross Receipts
$3,500,000
Mission and Program Overview

Mission

Lost Debate aims to be the first media organization to offer non-partisan and objective news and commentary that is entertaining and educational.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$2,181,636-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$0$2,200,126▲ $2,200,126
Other Assets Total-$18,490-
Liabilities
Other Liabilities-$9,709-
Accounts Payable and Accrued Expenses-$8,771-
Total Liabilities$0$18,480▲ $18,480
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$2,181,646-
Total Net Assets Fund Balance$0$2,181,646▲ $2,181,646
Total Liabilities and Net Assets / Fund Balance$0$2,200,126▲ $2,200,126
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ravi GuptaCEOFT$321,506$321,506

Board Members and Trustees

NameTitle
Coss MarteDirector
Shomik DuttaSecretary
Stacey Shells HarveyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
GoogleAdvertising & Software1600 Amphitheatre Parkway, Mountain View, CA 94043$100,213
PodSearch IncAdvertising17328 Ventura Blvd 180, Encino, CA 91316$100,000
Revenue and Support

Revenue Composition

Contributions and Grants
$3,500,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,500,000
Change in Net Assets
$2,181,646

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,500,000
Total Revenue per Audited Statements
$3,500,000
Total Revenue per Form 990
$3,500,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$720,438
Other Expenses$597,916
Total Fundraising Expense$25,932
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$54,535$258,154$8,817$321,506
Other Salaries and Wages$51,211$242,423$8,280$301,914
Advertising$268,544$26-$268,570
Office Expenses$6,724$111,523-$118,247
Other Employee Benefits$12,669$45,917$222$58,808
Fees for Services Legal-$49,335-$49,335
Occupancy$7,131$32,277$2,054$41,462
Payroll Taxes$8,040$28,586$1,584$38,210
Fees for Services Other-$23,400$4,675$28,075
Information Technology$144$20,529-$20,673
Fees for Services Accounting$88$20,345$2$20,435
Fees for Services Management-$18,765-$18,765
Insurance$3,878$14,483$24$18,385
Travel$732$8,475$274$9,481
Other Expenses-$148-$148
Total Functional Expenses$413,696$878,726$25,932$1,318,354

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,318,354
Total Expenses per Audited Statements$1,318,354
Total Expenses per Form 990$1,318,354
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$9,709
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
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, Line 11B: Form 990 Review Process

“Form 990 is provided to the governing body and outside counsel for review prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The organization requires an annual review and attestation from board members regarding conflicts of interest.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The board of directors reviewed and approved the compensation for Ravi Gupta, CEO.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Lost Debate Inc
EIN
86-2659851
Phone
2025520221
Address
611 Penn Ave SE 143 143, Washington, DC 20003

Signing Officer

Name
Ravi Gupta
Title
CEO
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ravi Gupta
Formed
2021
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
12

Preparer

Firm
MBA Consulting Group
Address
611 Pennsylvania Ave SE Num 143, Washington, DC 20003
Preparer
Katherine Cassell
Phone
2025520221
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PROVIDED TO THE GOVERNING BODY AND OUTSIDE COUNSEL FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization requires an annual review and attestation from board members regarding conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board of directors reviewed and approved the compensation for Ravi Gupta, CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,200,126
Liabilities
$18,480
Net assets
$2,181,646
Revenue
$3,500,000
Expenses
$1,318,354
Net income
$2,181,646
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.71$0.04$0.67$1.11$1.18$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.89$0.14$0.75$1.43$2.51$1.08
2022Detailed filing. Detailed filing data is available for this year.$1.90$0.07$1.83$3.50$3.85$0.35
2021Detailed filing. Detailed filing data is available for this year.$2.20$0.02$2.18$3.50$1.32$2.18