Daily Caller News Foundation
- Assets
- $4.0m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 45
- Location
- Washington, DC
- Founding
- 09/2013
- Data as of
- 12/2023
- EIN
- 45-2922471
Organization Overview
Daily Caller News Foundation is located in Washington, DC. The organization was established in 2013. 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 12/2023, Daily Caller News Foundation employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daily Caller News 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 12/2023, Daily Caller News Foundation generated $3.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. While expenses have increased by 12.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
FORMED WITH A MISSION TO TRAIN UP-AND-COMING REPORTERS AND EDITORS,TO CARRY OUT INVESTIGATIVE REPORTING, AND TO PERFORM DEEP POLICY REPORTING WITH A PURPOSE OF CONSUMER AWARENESS AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELLOWS (AMERICAN JOURNALISM INSTITUTE): OUR FELLOWSHIP PROGRAM TRAINS YOUNG REPORTERS AND EDITORS THROUGH A TWO-YEAR ON THE JOB TRAINING PROGRAM.
WE HOST AN ANNUAL AWARDS DINNER FOR OUR JOURNALIST AND SPECIAL GUESTS.
INVESTIGATIVE GROUP: WE HOST AN EXPERIENCED TEAM OF INVESTIGATIVE JOURNALISTS WITH A STRONG RECORD OF BREAKING ORIGINAL NEWS STORIES
COMMENTARY: OUR POLICY REPORTING TEAM REPORTS ON NUMEROUS DOMESTIC AND FOREIGN POLICY MATTERS INCLUDING ENERGY, EDUCATION, ONLINE VIDEO JOURNALISM, AND NATIONAL SECURITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Bedford Director | Trustee | 0.1 | $0 |
William Cerveny Director | Trustee | 0.1 | $10,000 |
Marcus Sterne Director | Trustee | 0.1 | $10,000 |
Buckley Carlson Director | Trustee | 0.1 | $0 |
Neil Patel Chairman | OfficerTrustee | 20 | $150,000 |
Adele Malpass President | Officer | 40 | $152,308 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $209,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,630,132 |
| Noncash contributions included in lines 1a–1f | $111,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,839,132 |
| Total Program Service Revenue | $0 |
| Investment income | $91,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$180,228 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,750,835 |
| 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. | $302,308 |
| Compensation of current officers, directors, key employees. | $14,964 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,598,792 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $73,258 |
| Payroll taxes | $149,003 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,445 |
| Fees for services: Accounting | $39,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,250 |
| Fees for services: Other | $118,879 |
| Advertising and promotion | $0 |
| Office expenses | $277,597 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $175,318 |
| Travel | $56,526 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,867 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,000 |
| Insurance | $100,326 |
| All other expenses | $0 |
| Total functional expenses | $3,248,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,020 |
| Savings and temporary cash investments | $2,999,031 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $152,645 |
| 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 | $50,786 |
| Net Land, buildings, and equipment | $96,000 |
| Investments—publicly traded securities | $349,851 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,992,333 |
| Accounts payable and accrued expenses | $49,993 |
| 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 | $49,993 |
| Net assets without donor restrictions | $3,942,340 |
| 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 | $3,992,333 |