First Draft News Inc
- Assets
- $1.8m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 15
- Location
- New York, NY
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 83-3554102
Organization Overview
First Draft News Inc is located in New York, NY. The organization was established in 2020. According to its NTEE Classification (A02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, First Draft News Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Draft News 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 12/2021, First Draft News Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $2.3m 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
TO PROTECT COMMUNITIES FROM HARMFUL MISINFORMATION AND TO EMPOWER SOCIETY WITH THE KNOWLEDGE, UNDERSTANDING, AND TOOLS NEEDED TO IDENTIFY FALSE AND MISLEADING INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND INSIGHTS- FIRST DRAFT PRODUCED NEWSLETTERS PROVIDING RESEARCH AND INSIGHTS ON MISINFORMATION AFFECTING THE DAILY NEWS CYCLE AND PROVIDED UPDATES TO LOCAL AND NATIONAL JOURNALISTS THROUGH AN ONLINE COMMUNITY. FIRST DRAFT ALSO PRODUCED RESOURCE GUIDES AND LONGER-FORM RESEARCH ON MISINFORMATION NARRATIVES, POSTED ON THE ORGANIZATION'S WEBSITE AND THROUGH SOCIAL MEDIA. THOUSANDS OF UNIQUE INDIVIDUALS VISIT FIRST DRAFT'S WEBSITE EACH MONTH TO ACCESS THESE MATERIALS.
TRAININGS - FIRST DRAFT HELD DOZENS OF VIRTUAL EVENTS THROUGHOUT THE YEAR, GARNERING THOUSANDS OF VIEWS FROM ATTENDEES AROUND THE WORLD INCLUDING JOURNALISTS, ACADEMICS, RESEARCHERS, HEALTH ORGANIZATIONS, AND OTHERS TO PROVIDE TRAINING ON INFORMATION VERIFICATION TECHNIQUES. MANY OF FIRST DRAFT'S TRAINING VIDEOS ARE AVAILABLE TO THE GENERAL PUBLIC ON YOUTUBE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claire Wardle Executive Director | Officer | 40 | $157,490 |
Justin Ross Ops. Director, Secretary Beg. 7/2021 | Officer | 40 | $124,530 |
Anusha Alikhan Director Beg. 5/2021 | Trustee | 2 | $7,500 |
Arnold Brown Director Beg. 5/2021 | Trustee | 2 | $7,500 |
Daniel Bramatti Director Beg. 5/2021 | Trustee | 2 | $7,500 |
Paul Cheung Director Beg. 8/2021 | Trustee | 2 | $5,000 |
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 | $1,037,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,037,500 |
| Total Program Service Revenue | $907,782 |
| Investment income | $865 |
| 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 | $1,946,147 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $346,331 |
| Compensation of current officers, directors, key employees. | $200,672 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $737,902 |
| Pension plan accruals and contributions | $11,260 |
| Other employee benefits | $115,980 |
| Payroll taxes | $83,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,962 |
| Fees for services: Accounting | $43,013 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $357,650 |
| Advertising and promotion | $1,554 |
| Office expenses | $4,694 |
| Information technology | $60,327 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,441 |
| 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 | $5,906 |
| All other expenses | $0 |
| Total functional expenses | $2,335,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,111 |
| Savings and temporary cash investments | $1,451,153 |
| Pledges and grants receivable | $200,000 |
| Accounts receivable, net | $123,250 |
| 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 | $32,615 |
| 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 | $1,848,129 |
| Accounts payable and accrued expenses | $140,585 |
| Grants payable | $0 |
| Deferred revenue | $10,250 |
| 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 | $150,835 |
| Net assets without donor restrictions | $1,697,294 |
| 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 | $1,848,129 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that First Draft News Inc has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
New Venture Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creative Property Management Inc Sidney Blanchard Elizabeth, NJ | $49,398,298 | $6,891,162 |
Culturetrust Greater Philadelphia Philadelphia, PA | $7,739,298 | $9,431,681 |
First Draft News Inc New York, NY | $1,848,129 | $1,946,147 |
Reinstitute Inc Stamford, CT | $1,122,632 | $2,425,415 |
Perkins Center For The Arts Moorestown, NJ | $1,258,666 | $1,432,700 |
House Foundation For The Arts Inc New York, NY | $629,706 | $1,012,293 |
New Jersey Theatre Alliance Allenhurst, NJ | $2,374,928 | $995,314 |
Connecticut Music Educators Assn Inc Cromwell, CT | $684,786 | $660,296 |
Art Resources Transfer Inc New York, NY | $322,136 | $639,045 |
We Have Stories New York, NY | $700 | $383,150 |
Buffalo Hispanic Management Company Inc Buffalo, NY | $4,257,121 | $408,967 |
Main St Pittsburgh, PA | $22,323 | $0 |