Open To Debate Foundation
- Assets
- $410.5k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 8
- Location
- New York, NY
- Founding
- 11/2009
- Data as of
- 06/2022
- EIN
- 27-1022579
Organization Overview
Open To Debate Foundation is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (V20) the organization is classified as: Social Science, under the broad grouping of Social Science and related organizations. As of 06/2022, Open To Debate Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open To Debate 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 06/2022, Open To Debate Foundation generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.4%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESENT PUBLIC DEBATES PROVIDING A FORUM FOR INTELLIGENT, REASONED DISCUSSION ON HOT-BUTTON CONCERNS OF THE TIMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTELLIGENCE SQUARED U.S. FOUNDATION'S SINGULAR PROGRAM SERVICE IS THE PRODUCTION OF DEBATES. THE APPROACH OF THE DEBATES IS TO TAKE THE TRADITIONAL "GRAMMAR" OF FORMAL DEBATE SERIOUSLY, WITH ONE SIDE PROPOSING AND THE OTHER SIDE OPPOSING A PROVOCATIVE QUESTION. LEADING THINKERS AND AUTHORITIES ON THE ISSUES ARGUE ON EACH SIDE OF THE MOTION. AFTER THE FORMAL ARGUMENTS, THE DEBATE IS THROWN OPEN TO THE FLOOR FOR QUESTIONS, TRIGGERING A LIVELY INTERCHANGE AMONG THE SPEAKERS AND AUDIENCE MEMBERS. A MODERATOR KEEPS THE PROCEEDINGS ORDERLY. EACH SIDE ATTEMPTS TO PERSUADE THE AUDIENCE TO VOTE THEIR WAY. THIS ADVERSARIAL CONTEXT IS ELECTRIC, ADDING DRAMA AND EXCITEMENT. AT SELECT EVENTS, THE AUDIENCE WILL VOTE ON THE MOTION BOTH BEFORE AND AFTER HEARING THE ARGUMENTS, SO THERE IS A MEASURE OF HOW FAR PEOPLE HAVE ACTUALLY BEEN SWAYED.TO ADVANCE OUR MISSION OF RESTORING FACTS, REASONED ANALYSIS, AND CIVILITY TO AMERICAN PUBLIC DISCOURSE, IQ2US RELEASED MORE ORIGINAL PROGRAMMING THAN EVER BEFORE IN THE ORGANIZATION'S HISTORY DURING THE 2021 FISCAL YEAR. WE PRODUCED MORE THAN 30 NEW DEBATES FOR PUBLIC RADIO DISTRIBUTION, IN ADDITION TO RELEASING A BIWEEKLY PODCAST AND COMPANION NEWSLETTER DESIGNED TO BRIDGE THE DIVIDE SURROUNDING CONTENTIOUS ISSUES UNFOLDING IN THE PUBLIC SQUARE. WE ALSO DEVELOPED AN INNOVATIVE VIRTUAL DEBATE PLATFORM THAT ALLOWS LIVE AUDIENCES AND MEMBERS OF THE MEDIA TO ENGAGE WITH DEBATERS IN REAL TIME, WHICH RESULTED IN HUNDREDS OF NEW JOURNALIST ENGAGEMENTS AND THOUSANDS OF NEW ONLINE SUBSCRIBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clea Conner Chang Chief Executive Officer/director | OfficerTrustee | 40 | $294,725 |
Robert Rosenkranz President & Director | OfficerTrustee | 4 | $0 |
Max Boot Director | Trustee | 1 | $0 |
Ian Bremmer Director | Trustee | 1 | $0 |
Edward W Conard Director | Trustee | 1 | $0 |
David A Coulter Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
John Donvan Debate Moderator | 6/29/21 | $140,464 |
The Lighting Design Group Lighting Consultant | 6/29/21 | $106,289 |
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 | $1,997,659 |
| Noncash contributions included in lines 1a–1f | $5,322 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,997,659 |
| Total Program Service Revenue | $182,386 |
| Investment income | $52 |
| 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 | $2,180,097 |
| 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. | $362,642 |
| Compensation of current officers, directors, key employees. | $25,385 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $477,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,692 |
| Payroll taxes | $51,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,059 |
| Fees for services: Accounting | $35,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,603 |
| Advertising and promotion | $196,437 |
| Office expenses | $72,041 |
| Information technology | $205,836 |
| Royalties | $0 |
| Occupancy | $173,040 |
| Travel | $98,690 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,174 |
| Interest | $859 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,244 |
| Insurance | $8,912 |
| All other expenses | $104,381 |
| Total functional expenses | $2,447,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,988 |
| Savings and temporary cash investments | $77,439 |
| Pledges and grants receivable | $110,024 |
| Accounts receivable, net | $25,740 |
| 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 | $28,889 |
| Net Land, buildings, and equipment | $71,594 |
| Investments—publicly traded securities | $8,834 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $410,508 |
| Accounts payable and accrued expenses | $541,435 |
| Grants payable | $0 |
| Deferred revenue | $50,000 |
| 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 | $27,251 |
| Total liabilities | $618,686 |
| Net assets without donor restrictions | -$318,202 |
| Net assets with donor restrictions | $110,024 |
| 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 | $410,508 |