Civic Intelligence

Political Report Inc.

990 • Fiscal year 2023 • EIN 87-1945050

Jan 01, 2023 to Dec 31, 2023 • Filed on May 07, 2024

1250 Connecticut Ave NW Suite 700Washington, DC 20036

(917) 293-1771

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

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

Liabilities / Revenue

38th percentile

0.04x

Higher debt load relative to revenue than 38% of similar nonprofits.

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

Net Margin

7th percentile

-54%

Higher net margin than 7% of similar nonprofits.

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

Top Officer Pay

74th percentile

$115,570

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 27.5% of source-year revenue.

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

Asset Growth

11th percentile

-12%

Faster asset growth than 11% of similar nonprofits.

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

Revenue Growth

2nd percentile

-76%

Faster revenue growth than 2% of similar nonprofits.

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

Assets

Down

$1,483,659

Down $202,670 (-12%) from 2022

Net Assets

Down

$1,467,506

Down $216,579 (-13%) from 2022

Liabilities

Up

$16,153

Up $13,909 (+620%) from 2022

Revenue

Down

$420,640

Down $1,296,805 (-76%) from 2022

Expenses

Up

$649,751

Up $206,188 (+46%) from 2022

Net Income

Down

-$229,111

Down $1,502,993 (-118%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2021: $410,203Liabilities 2021: $0Net Assets 2021: $410,2032021Assets 2022: $1,686,329Liabilities 2022: $2,244Net Assets 2022: $1,684,0852022Assets 2023: $1,483,659Liabilities 2023: $16,153Net Assets 2023: $1,467,5062023Assets 2024: $2,677,155Liabilities 2024: $62,179Net Assets 2024: $2,614,9762024

Highlighted filing

2023

Assets$1,483,659
Liabilities$16,153
Net Assets$1,467,506

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2021: $426,570Expenses 2021: $16,367Net Income 2021: $410,2032021Revenue 2022: $1,717,445Expenses 2022: $443,563Net Income 2022: $1,273,8822022Revenue 2023: $420,640Expenses 2023: $649,751Net Income 2023: -$229,1112023Revenue 2024: $2,046,663Expenses 2024: $905,614Net Income 2024: $1,141,0492024

Highlighted filing

2023

Revenue$420,640
Expenses$649,751
Net Income-$229,111
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 7, 2024
Return Version
2023v5.0
Gross Receipts
$420,640
Mission and Program Overview

Mission

The political report educates the public about social, economic, and political issues by (i) publishing investigative reports, articles, newsletters, podcasts, and other media and educational materials, and (ii) conducting presentations, workshops, and other educational events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,081,872$746,682▼ $335,190
Investments in Publicly Traded Securities-$562,542-
Pledges and Grants Receivable$600,000$170,000▼ $430,000
Prepaid Expenses and Deferred Charges$4,457$4,435▼ $22
Total Assets$1,686,329$1,483,659▼ $202,670
Liabilities
Other Liabilities$942$16,153▲ $15,211
Accounts Payable and Accrued Expenses$1,302--
Total Liabilities$2,244$16,153▲ $13,909
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,684,085$1,467,506▼ $216,579
Total Net Assets Fund Balance$1,684,085$1,467,506▼ $216,579
Total Liabilities and Net Assets / Fund Balance$1,686,329$1,483,659▼ $202,670
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel NichanianPresident/exec. DirectorFT$103,515$12,055$115,570

Board Members and Trustees

NameTitle
Easha AnandSecretary
Kevin KeenanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$404,474
Program Service Revenue
$0
Investment Income
$14,416
Other Revenue
$1,750
All Other Contributions
$404,474
Change in Net Assets
$-229,111

Audited Revenue Reconciliation

Revenue per Audited Statements
$420,640
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$12,531
Total Revenue per Audited Statements
$433,171
Total Revenue per Form 990
$420,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$537,222
Other Expenses$112,529
Total Fundraising Expense$26,226
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$312,263$27,467$13,444$353,174
Current Officers, Directors, Trustees, and Key Employees$91,524$8,051$3,940$103,515
Fees for Services Other$49,808--$49,808
Payroll Taxes$31,577$2,719$1,319$35,615
Other Employee Benefits$24,037$2,147$1,098$27,282
Fees for Services Accounting$3,146$15,205$134$18,485
Pension Plan Contributions$15,615$1,356$665$17,636
Information Technology$12,539$843$414$13,796
Travel$7,519$3,157$1,271$11,947
Insurance$7,701$144$70$7,915
Other Expenses$1,238$43$3,809$1,238
All Other Expenses$755$66$32$853
Advertising$681$60$29$770
Office Expenses$28$2$1$31
Total Functional Expenses$562,265$61,260$26,226$649,751

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$649,751
Total Expenses per Audited Statements$649,751
Total Expenses per Form 990$649,751
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
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Leave$14,782
Accrued Retirement Contribution$1,371
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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 A, Line 6

The term of membership shall be life.

Form 990, Part VI, Section A, Line 7A

Subsequent members may be elected by an act of the members. Notwithstanding the foregoing, any member, after having fulfilled all obligations to the corporation, may resign by written notice to the secretary of the corporation, and any member may be removed at any time, with or without cause, by majority vote of all of the members. If all of the members are dead, incapacitated or have resigned, the corporation shall have no members and the board of directors shall elect their successors by an act of the board of directors and shall be authorized to take any action allowed by law or by these by-laws on behalf of the corporation without the approval of the members.

Form 990, Part VI, Section B, Line 11B

The board will review the 990 and ask any questions of the preparer before it is filed.

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

The organization's staff and board members will annually acknowledge the conflict of interests policy.

Form 990, Part VI, Section B, Line 15

In december 2022, to review the proposed compensation package for daniel nichanian's role as executive director beginning at the end of 2022, two other board members formed an independent body to conduct a comparability review of the leadership of similar nonprofit organizations and determine if the proposal package was "reasonable and not excessive." the members of this body conducted this review and met to confer, documenting their findings internally to their body. They communicated their decision in an email dated december 14, 2022, approving a compensation package to begin on december 26, 2022.

Form 990, Part VI, Section C, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
The Political Report Inc
EIN
87-1945050
Phone
9172931771
Address
1250 CONNECTICUT AVE NW SUITE 700, WASHINGTON, DC 20036

Signing Officer

Name
Daniel Nichanian
Title
President/executive Director
Phone
9172931771
Signed
2024-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Nichanian
Formed
2021
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
6
Volunteers
0

Preparer

Firm
Norton Collar Lund Lilley Pllc
Address
7701 SIX FORKS ROAD SUITE 100, RALEIGH, NC 27615
Preparer
Robert M Lanning
Phone
9198411000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contract writers, editors, and other freelancers: program service expenses 49,808. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,808.

Financial Statement Notes

PART X, LINE 2:

The organization follows the requirements of professional literature in accounting for uncertain tax positions. Under this guidance, an organization must recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination with taxing authorities. The organization does not believe there are any material uncertain tax positions and, accordingly, it will not recognize any liability for uncertain tax positions. For the year ended december 31, 2023, there were no interest or penalties recorded.

Raw XML Appendix384 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED LEAVE
IRS990ScheduleD/RevenueNotReportedAmt012531
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0420640
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FOLLOWS THE REQUIREMENTS OF PROFESSIONAL LITERATURE IN ACCOUNTING FOR UNCERTAIN TAX POSITIONS. UNDER THIS GUIDANCE, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION WITH TAXING AUTHORITIES. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNCERTAIN TAX POSITIONS. FOR THE YEAR ENDED DECEMBER 31, 2023, THERE WERE NO INTEREST OR PENALTIES RECORDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0649751
IRS990ScheduleD/TotalLiabilityAmt016153
IRS990ScheduleD/TotalRevenuePerForm990Amt0420640
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0433171
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0649751
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TERM OF MEMBERSHIP SHALL BE LIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SUBSEQUENT MEMBERS MAY BE ELECTED BY AN ACT OF THE MEMBERS. NOTWITHSTANDING THE FOREGOING, ANY MEMBER, AFTER HAVING FULFILLED ALL OBLIGATIONS TO THE CORPORATION, MAY RESIGN BY WRITTEN NOTICE TO THE SECRETARY OF THE CORPORATION, AND ANY MEMBER MAY BE REMOVED AT ANY TIME, WITH OR WITHOUT CAUSE, BY MAJORITY VOTE OF ALL OF THE MEMBERS. IF ALL OF THE MEMBERS ARE DEAD, INCAPACITATED OR HAVE RESIGNED, THE CORPORATION SHALL HAVE NO MEMBERS AND THE BOARD OF DIRECTORS SHALL ELECT THEIR SUCCESSORS BY AN ACT OF THE BOARD OF DIRECTORS AND SHALL BE AUTHORIZED TO TAKE ANY ACTION ALLOWED BY LAW OR BY THESE BY-LAWS ON BEHALF OF THE CORPORATION WITHOUT THE APPROVAL OF THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD WILL REVIEW THE 990 AND ASK ANY QUESTIONS OF THE PREPARER BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S STAFF AND BOARD MEMBERS WILL ANNUALLY ACKNOWLEDGE THE CONFLICT OF INTERESTS POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN DECEMBER 2022, TO REVIEW THE PROPOSED COMPENSATION PACKAGE FOR DANIEL NICHANIAN'S ROLE AS EXECUTIVE DIRECTOR BEGINNING AT THE END OF 2022, TWO OTHER BOARD MEMBERS FORMED AN INDEPENDENT BODY TO CONDUCT A COMPARABILITY REVIEW OF THE LEADERSHIP OF SIMILAR NONPROFIT ORGANIZATIONS AND DETERMINE IF THE PROPOSAL PACKAGE WAS "REASONABLE AND NOT EXCESSIVE." THE MEMBERS OF THIS BODY CONDUCTED THIS REVIEW AND MET TO CONFER, DOCUMENTING THEIR FINDINGS INTERNALLY TO THEIR BODY. THEY COMMUNICATED THEIR DECISION IN AN EMAIL DATED DECEMBER 14, 2022, APPROVING A COMPENSATION PACKAGE TO BEGIN ON DECEMBER 26, 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRACT WRITERS, EDITORS, AND OTHER FREELANCERS: PROGRAM SERVICE EXPENSES 49,808. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 49,808.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01686329
IRS990/TotalAssetsEOYAmt01483659
IRS990/TotalAssetsGrp/BOYAmt01686329
IRS990/TotalAssetsGrp/EOYAmt01483659
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0404474
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt026226
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt061260
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0562265
IRS990/TotalFunctionalExpensesGrp/TotalAmt0649751
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02244
IRS990/TotalLiabilitiesEOYAmt016153
IRS990/TotalLiabilitiesGrp/BOYAmt02244
IRS990/TotalLiabilitiesGrp/EOYAmt016153
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01684085
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01467506
IRS990/TotalOtherCompensationAmt012055
IRS990/TotalProgramServiceExpensesAmt0562265
IRS990/TotalReportableCompFromOrgAmt0103515
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt016166
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0420640
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01686329
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01483659
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt01271
IRS990/TravelGrp/ManagementAndGeneralAmt03157
IRS990/TravelGrp/ProgramServicesAmt07519
IRS990/TravelGrp/TotalAmt011947
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01802 VERNON STREET NW 2013
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020009
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL NICHANIAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09172931771
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE POLITICAL REPORT INC
ReturnHeader/Filer/BusinessNameControlTxt0POLI
ReturnHeader/Filer/EIN0871945050
ReturnHeader/Filer/PhoneNum09172931771
ReturnHeader/Filer/USAddress/AddressLine1Txt01250 CONNECTICUT AVE NW SUITE 700
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020036
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0562034483
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NORTON COLLAR LUND LILLEY PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07701 SIX FORKS ROAD SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027615
ReturnHeader/PreparerPersonGrp/PhoneNum09198411000
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT M LANNING
ReturnHeader/ReturnTs02024-05-09T06:54:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DANIEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NICHANIAN
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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