Fairness & Accuracy In Reporting Inc
- Assets
- $957.5k
- Revenue
- $462.5k
- Investments
- $0.0
- Employees
- 7
- Location
- New York, NY
- Founding
- 05/1988
- Data as of
- 06/2023
- EIN
- 13-3392362
Organization Overview
Fairness & Accuracy In Reporting Inc is located in New York, NY. The organization was established in 1988. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Fairness & Accuracy In Reporting Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairness & Accuracy In Reporting 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 06/2023, Fairness & Accuracy In Reporting Inc generated $462.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $586.2k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1 ON NEXT PAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAIR IS THE PUBLISHER OF THE NEWSLETTER EXTRA! EXTRA! PUBLISHES WELL-DOCUMENTED ARTICLES EXAMINING INACCURATE OR BIAS REPORTING, CENSORED NEWS, PRESS/STATE CRONYISM, THE POWER OF CORPORATE OWNERS AND ADVERTISERS, AND THE EXCLUSION OF PROGRESSIVE VOICES IN THE MAINSTREAM MEDIA.
FAIR RESEARCHES AND ANALYZES NEWS REPORTS FOR EXAMPLES OF BIAS AND INACCURACIES. IT ALSO DOCUMENTS INSTANCES OF CORPORATE AND ADVERTISING INFLUENCE IN THE NEWS. WITH STUDIES, REPORTS AND INTERVIEWS FAIR PRESENTS FACT-BASED INFORMATION TO THE PUBLIC WITH ITS PRINT NEWSLETTER, WEEKLY RADIO SHOW AND WEBSITE.
COUNTERSPIN IS THE WEEKLY HALF-HOUR RADIO SHOW OF FAIR THAT BROADCASTS ON OVER 150 NON-COMMERCIAL STATIONS ACROSS THE COUNTRY. IT IS ALSO AVAILABLE ONLINE. THE SHOW COVERS A NUMBER OF NEWS ITEMS FROM THE PAST WEEK AND THEN CONDUCTS INTERVIEWS ON TWO MAJOR NEWS STORIES BY EXPERTS IN THE FIELD.
FAIR'S ACTIVISM INVOLVES ENCOURAGING MEMBERS TO COMMUNICATE TO JOURNALISTS TO DEMAND MORE RESPONSIBLE REPORTING. FAIR WORKS TO INVIGORATE THE FIRST AMENDMENT BY ADVOCATING FOR GREATER DIVERSITY IN THE PRESS AND BY SCRUTINIZING MEDIA PRACTICES THAT MARGINALIZE PUBLIC INTEREST, MINORITY AND DISSENTING VIEWPOINTS. AT PRESENT FAIR HAS AN ONLINE ACTIVISM LIST OF OVER 55,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Hoynes President | OfficerTrustee | 1 | $0 |
Karl Grossman Secretary | OfficerTrustee | 1 | $0 |
Robert W Mcchesney Member | Trustee | 1 | $0 |
Robin Anderson Member | Trustee | 1 | $0 |
Hollie Ainbinder Member | Trustee | 1 | $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 | $403,556 |
| Noncash contributions included in lines 1a–1f | $5,007 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,556 |
| Total Program Service Revenue | $35,826 |
| Investment income | $5,729 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,341 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $462,452 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $312,689 |
| Pension plan accruals and contributions | $8,409 |
| Other employee benefits | $75,418 |
| Payroll taxes | $24,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,503 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,916 |
| Fees for services: Other | $10,000 |
| Advertising and promotion | $0 |
| Office expenses | $2,360 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,543 |
| 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 | $389 |
| Insurance | $4,372 |
| All other expenses | $75,419 |
| Total functional expenses | $586,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $529,493 |
| 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 | $1,705 |
| Net Land, buildings, and equipment | $1,916 |
| Investments—publicly traded securities | $391,314 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,093 |
| Total assets | $957,521 |
| Accounts payable and accrued expenses | $16,977 |
| Grants payable | $0 |
| Deferred revenue | $31,341 |
| 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 | $28,747 |
| Total liabilities | $77,065 |
| Net assets without donor restrictions | $880,456 |
| 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 | $957,521 |