Civic Intelligence

Lost Debate Inc.

990 • Fiscal year 2023 • EIN 86-2659851

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 08, 2024

Organization Profilethebranchmedia.org

View Organization Page

611 Pennsylvania Ave SE 143Washington, DC 20003

(202) 552-0221

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.16x

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

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

Liabilities / Revenue

52nd percentile

0.10x

Higher debt load relative to revenue than 52% of similar nonprofits.

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

Net Margin

5th percentile

-76%

Higher net margin than 5% of similar nonprofits.

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

Top Officer Pay

95th percentile

$316,560

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 22.1% of source-year revenue.

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

Asset Growth

2nd percentile

-53%

Faster asset growth than 2% of similar nonprofits.

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

Revenue Growth

5th percentile

-59%

Faster revenue growth than 5% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$890,789

Down $1,008,628 (-53%) from 2022

Net Assets

Down

$749,434

Down $1,083,358 (-59%) from 2022

Liabilities

Up

$141,355

Up $74,730 (+112%) from 2022

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin5th percentile

Revenue

Down

$1,430,148

Down $2,072,067 (-59%) from 2022

Expenses

Down

$2,513,506

Down $1,337,563 (-35%) from 2022

Net Income

Down

-$1,083,358

Down $734,504 (-211%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

2023

Assets$890,789
Liabilities$141,355
Net Assets$749,434
Open 2023 Filing

Operations Trend

Revenue Growth5th percentile

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

2023

Revenue$1,430,148
Expenses$2,513,506
Net Income-$1,083,358
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 8, 2024
Return Version
2023v5.1
Gross Receipts
$1,430,148
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$1,809,940$881,565▼ $928,375
Accounts Receivable-$8,140-
Prepaid Expenses and Deferred Charges$76,921$1,084▼ $75,837
Savings and Temporary Cash Investments-$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-
Total Assets$1,899,417$890,789▼ $1,008,628
Other Assets Total$12,556$0▼ $12,556
Liabilities
Accounts Payable and Accrued Expenses$66,625$141,355▲ $74,730
Total Liabilities$66,625$141,355▲ $74,730
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,832,792$749,434▼ $1,083,358
Total Net Assets Fund Balance$1,832,792$749,434▼ $1,083,358
Total Liabilities and Net Assets / Fund Balance$1,899,417$890,789▼ $1,008,628
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ravi GuptaCEOFT$287,493$29,067$316,560
Katherine MalekoffChief of StaffFT$118,993$14,002$132,995

Board Members and Trustees

NameTitle
Coss MarteDirector
Shomik DuttaSecretary
Stacey Shells HarveyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Crooked MediaMedia Production6555 Barton Ave Ste 510, Los Angeles, CA 90038$206,743
Revenue and Support

Revenue Composition

Contributions and Grants
$1,430,148
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,430,148
Change in Net Assets
$-1,083,358

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,430,148
Total Revenue per Audited Statements
$1,430,148
Total Revenue per Form 990
$1,430,148
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,294,064
Other Expenses$1,206,623
Total Fundraising Expense$143,708
Grants and Similar Amounts Paid$12,819
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$577,434$88,726$64,258$730,418
Advertising$724,824$1,463-$726,287
Current Officers, Directors, Trustees, and Key Employees$250,258$38,453$27,849$316,560
Payroll Taxes$101,441$17,360$11,808$130,609
Fees for Services Management$83,498$17,000-$100,498
Other Employee Benefits$76,379$12,076$8,421$96,876
Occupancy$49,463$18,579$5,493$73,535
Fees for Services Accounting-$65,451-$65,451
Fees for Services Other$23,678$33,075$375$57,128
Information Technology$38,251$10,018$2,592$50,861
Office Expenses$14,583$13,058$178$27,819
Travel$10,909$4,999$11,465$27,373
Fees for Services Legal-$21,892-$21,892
Pension Plan Contributions$15,422$2,407$1,772$19,601
Insurance$13,002$3,213$1,470$17,685
Grants to Domestic Orgs$12,819--$12,819
Conferences and Meetings-$25$5,772$5,797
Other Expenses$3,386$150$395$150
Total Functional Expenses$2,009,711$360,087$143,708$2,513,506

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,513,506
Total Expenses per Audited Statements$2,513,506
Total Expenses per Form 990$2,513,506
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Second Chance StudiosWashington, DC501(c)(3)Contribution$12,819
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
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, Section B, Line 11B

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

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

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

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

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

Form 990, Part VI, Section C, Line 19

“Forms 990 and 1023 are made publicly available by the organization.”

Filing and Contact Details

Filer

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

Signing Officer

Name
Ravi Gupta
Title
CEO
Signed
2024-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ravi Gupta
Formed
2021
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
3
Employees
18

Preparer

Firm
MBA Consulting Group
Address
611 Pennsylvania Ave SE Num 143, Washington, DC 20003
Preparer
Tiffanie Ellis
Phone
2025520221
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IRS990/PYTotalExpensesAmt03851069
IRS990/PYTotalProfFndrsngExpnsAmt080
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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03502215
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03500000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08432363
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/SubstantialContributorsTotAmt05831353
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03502215
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03500000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08432363
IRS990ScheduleA/TotalSupportAmt08432363
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
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IRS990ScheduleD/ExpensesSubtotalAmt02513506
IRS990ScheduleD/RevenueSubtotalAmt01430148
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IRS990ScheduleD/TotalRevenuePerForm990Amt01430148
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IRS990ScheduleI/RecipientTable/CashGrantAmt012819
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Contribution
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Second Chance Studios
IRS990ScheduleI/RecipientTable/RecipientEIN0844730397
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0611 Pennsylvania Ave SE 143
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Washington
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0DC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd020003
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IRS990ScheduleI/TotalOtherOrgCnt00
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IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt014375
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt014692
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Ravi Gupta
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0316560
IRS990ScheduleJ/SeverancePaymentInd0false
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IRS990/ScheduleORequiredInd0true
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 directors and officers regarding conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board of directors reviewed and approved the compensation for Ravi Gupta, CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Forms 990 and 1023 are made publicly available by 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 C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0890789
IRS990/TotalAssetsGrp/BOYAmt01899417
IRS990/TotalAssetsGrp/EOYAmt0890789
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt01430148
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0143708
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0360087
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02009711
IRS990/TotalFunctionalExpensesGrp/TotalAmt02513506
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt0141355
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IRS990/TotalOtherCompensationAmt043069
IRS990/TotalProgramServiceExpensesAmt02009711
IRS990/TotalProgramServiceRevenueAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01430148
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01899417

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$890,789
Liabilities
$141,355
Net assets
$749,434
Revenue
$1,430,148
Expenses
$2,513,506
Net income
-$1,083,358
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