American Prospect Inc
- Assets
- $509.8k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Washington, DC
- Founding
- 05/1989
- Data as of
- 06/2021
- EIN
- 52-1617061
Organization Overview
American Prospect Inc is located in Washington, DC. The organization was established in 1989. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, American Prospect Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Prospect Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, American Prospect Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN PROSPECT STRIVES TO MAKE A DIFFERENCE, EXPLAINING PROGRESSIVE IDEAS WITH NARRATIVE STORYTELLING, TO ILLUMINATE COMPLEX ISSUES AND INFORM AMERICANS ON HOW TO ACHIEVE POSITIVE CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHES "THE AMERICAN PROSPECT," A MAGAZINE, AND RELATED INTERNET WEBSITE WHICH CONTAINS SCHOLARLY AND LITERARY ARTICLES DESIGNED TO INFORM THE PUBLIC ON PUBLIC POLICY. THE MAGAZINE IS DISTRIBUTED AND SOLD THROUGHOUT THE UNITED STATES AND INTERNATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Dayen President | OfficerTrustee | 40 | $132,278 |
Ellen Meany Publisher | OfficerTrustee | 40 | $119,219 |
Robert Kuttner Co-Founder, Director | Trustee | 40 | $110,000 |
Amy Hanauer Chair | OfficerTrustee | 2 | $0 |
Derrick Jackson Director | Trustee | 1 | $0 |
Miles Rapoport Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,480,484 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7,637 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,818,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $383,227 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $595,194 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,142 |
| Payroll taxes | $79,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,461 |
| Fees for services: Accounting | $38,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,102 |
| Advertising and promotion | $98 |
| Office expenses | $28,867 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100,329 |
| Travel | $4,533 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $662 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $22,792 |
| All other expenses | $0 |
| Total functional expenses | $1,681,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,811 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $171,450 |
| Accounts receivable, net | $26,782 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,437 |
| Investments—publicly traded securities | $15,737 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $569 |
| Total assets | $509,786 |
| Accounts payable and accrued expenses | $113,031 |
| Grants payable | $0 |
| Deferred revenue | $126,224 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $10,393 |
| Other liabilities | $203,000 |
| Total liabilities | $452,648 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $57,138 |