Lost Debate Inc
- Assets
- $2.2m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 12
- Location
- Washington, DC
- Founding
- Data as of
- 12/2021
- EIN
- 86-2659851
Organization Overview
Lost Debate Inc is located in Washington, DC. 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 12/2021, Lost Debate Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lost Debate Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOST DEBATE AIMS TO BE THE FIRST MEDIA ORGANIZATION TO OFFER NON-PARTISAN AND OBJECTIVE NEWS AND COMMENTARY THAT IS ENTERTAINING AND EDUCATIONAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE LAUNCHED OUR FLAGSHIP PODCAST IN OCTOBER 2021. OUR EPISODES WERE LISTENED TO OVER 18,000 TIMES IN THE FIRST TWO MONTHS OF LAUNCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ravi Gupta CEO | Officer | 40 | $321,506 |
Coss Marte Director | OfficerTrustee | 1 | $0 |
Shomik Dutta Secretary | OfficerTrustee | 1 | $0 |
Stacey Shells Harvey Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Google Advertising & Software | 12/30/21 | $100,213 |
Podsearch Inc Advertising | 12/30/21 | $100,000 |
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 | $3,500,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,500,000 |
| 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 | $3,500,000 |
| 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. | $321,506 |
| Compensation of current officers, directors, key employees. | $258,154 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $301,914 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,808 |
| Payroll taxes | $38,210 |
| Fees for services: Management | $18,765 |
| Fees for services: Legal | $49,335 |
| Fees for services: Accounting | $20,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,075 |
| Advertising and promotion | $268,570 |
| Office expenses | $118,247 |
| Information technology | $20,673 |
| Royalties | $0 |
| Occupancy | $41,462 |
| Travel | $9,481 |
| 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 | $18,385 |
| All other expenses | $0 |
| Total functional expenses | $1,318,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,181,636 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $18,490 |
| Total assets | $2,200,126 |
| Accounts payable and accrued expenses | $8,771 |
| 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 | $9,709 |
| Total liabilities | $18,480 |
| Net assets without donor restrictions | $2,181,646 |
| 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 | $2,200,126 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lost Debate Inc has recieved totaling $3,500,000.
| Awarding Organization | Amount |
|---|---|
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO LAUNCH NEW DIGITAL MEDIA ORGANIZATION. | $2,500,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Editorial Projects In Education Inc Bethesda, MD | $35,486,255 | $21,641,400 |
Baltimore Teacher Network Baltimore, MD | $946,016 | $9,863,712 |
Association For Research And Enlightenment Inc Virginia Beach, VA | $20,084,486 | $11,379,644 |
Center For Education Reform Washington, DC | $1,738,343 | $7,208,228 |
Association Of Corporate Travel Executives Inc Bamkruptcy Alexandria, VA | $277,722 | $5,636,042 |
Global Fund For Children Washington, DC | $9,730,095 | $6,479,849 |
International Womens Media Foundation Washington, DC | $17,214,124 | $6,735,111 |
Sunlight For All Institute Baltimore, MD | $20,573,717 | $24,195,292 |
Boardsource Washington, DC | $10,860,434 | $3,803,950 |
National Energy Education Development Project Inc Manassas, VA | $4,802,187 | $4,327,526 |
National Newspapers Publishers Association Washington, DC | $4,689,524 | $3,875,356 |
International Food Information Council Foundation Washington, DC | $2,914,827 | $3,064,394 |