Fdrlst Media Foundation
- Assets
- $3.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 82-5231385
Organization Overview
Fdrlst Media Foundation is located in Washington, DC. The organization was established in 2019. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fdrlst Media Foundation 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 12/2021, Fdrlst Media Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 51.9% each year . All expenses for the organization totaled $764.4k during the year ending 12/2021. 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
SEE PAGE 2.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT JOURNALISM ON POLICY AND CULTURAL ISSUES AND TO TRAIN AND EDUCATE ASPIRING JOURNALISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Hemingway Secretary | OfficerTrustee | 0 | $0 |
Mollie Hemingway President | OfficerTrustee | 0 | $0 |
Nicholas Nordseth Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,800,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,800,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $2,800,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $680,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,507 |
| Fees for services: Accounting | $3,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,475 |
| Advertising and promotion | $0 |
| Office expenses | $63 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $602 |
| Total functional expenses | $764,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,584 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,891,750 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,944,334 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $3,944,334 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,944,334 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fdrlst Media Foundation has recieved totaling $1,525,500.
| Awarding Organization | Amount |
|---|---|
Donors Trust Inc Alexandria, VA PURPOSE: $1,125,000 for general operations/ $500 to support The Federalist website and its publication | $1,125,500 |
Thomas W Smith Foundation Boca Raton, FL PURPOSE: PUBLIC POLICY | $400,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heritage Foundation Washington, DC | $381,332,869 | $119,134,479 |
Center On Budget And Policy Priorities Washington, DC | $126,856,669 | $53,436,981 |
Stand Together Foundation Arlington, VA | $244,539,252 | $260,533,997 |
Bipartisan Policy Center Inc Washington, DC | $51,557,481 | $44,892,397 |
Center For The Study Of Services Washington, DC | $11,715,513 | $16,033,912 |
American Bridge 21st Century Foundation Washington, DC | $2,285,446 | $9,934,660 |
National Governors Association Center For Best Practices Washington, DC | $36,736,183 | $16,037,440 |
Nreca Research Arlington, VA | $5,324,315 | $13,693,671 |
National Center On Education & The Economy Washington, DC | $72,771,895 | $12,008,332 |
National Center For Public Policy Research Inc Washington, DC | $2,951,732 | $13,112,904 |
Pulitzer Center On Crisis Reporting Washington, DC | $35,485,888 | $10,738,135 |
The Niskanen Center Inc Washington, DC | $8,745,910 | $12,163,223 |