American Prospect Inc
- Assets
- $509.8k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 16
- Location
- Washington, DC
- Founding
- 05/1989
- Data as of
- 06/2021
- EIN
- 52-1617061
Organization Overview
American Prospect Inc is located in Washington, DC. The organization was established in 1989. 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 06/2022, American Prospect Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Prospect 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 06/2021, American Prospect Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUBLICATION OF PRINT AND ONLINE ARTICLES DESIGNED TO INFORM THE PUBLIC ON PUBLIC POLICY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHES "THE AMERICAN PROSPECT," A MAGAZINE, AND RELATED INTERNET WEBSITE WHICH CONTAINS SCHOLARLY AND LITERARY ARTICLES DESIGNED TO INFORM THE PUBLIC ON PUBLIC POLICY. THE MAGAZINE IS DISTRIBUTED AND SOLD THROUGHOUT THE UNITED STATES AND INTERNATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Meany Publisher | Officer | 40 | $118,147 |
David Dayen President | Officer | 40 | $116,209 |
Robert Kuttner Co-Founder, Director | Trustee | 40 | $107,500 |
Amy Hanauer Chair | OfficerTrustee | 2 | $0 |
Michael Stern Treasurer | OfficerTrustee | 1 | $0 |
Bill Spriggs Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $327,742 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,152,742 |
| Noncash contributions included in lines 1a–1f | $12,220 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,480,484 |
| Total Program Service Revenue | $329,309 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7,637 |
| 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 | $1,818,086 |
| 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. | $383,227 |
| Compensation of current officers, directors, key employees. | $71,052 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $595,194 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,142 |
| Payroll taxes | $79,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,461 |
| Fees for services: Accounting | $38,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,102 |
| Advertising and promotion | $98 |
| Office expenses | $28,867 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100,329 |
| Travel | $4,533 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $662 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $22,792 |
| All other expenses | $17,758 |
| Total functional expenses | $1,681,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,811 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $171,450 |
| Accounts receivable, net | $26,782 |
| 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 | $22,437 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,737 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $569 |
| Total assets | $509,786 |
| Accounts payable and accrued expenses | $113,031 |
| Grants payable | $0 |
| Deferred revenue | $126,224 |
| 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 | $10,393 |
| Other liabilities | $203,000 |
| Total liabilities | $452,648 |
| Net assets without donor restrictions | -$181,576 |
| Net assets with donor restrictions | $238,714 |
| 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 | $509,786 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that American Prospect Inc has recieved totaling $881,397.
| Awarding Organization | Amount |
|---|---|
The Jpb Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
New Venture Fund Washington, DC PURPOSE: CAPACITY BUILDING | $150,000 |
Schumann Media Center Inc New York, NY PURPOSE: SUPPORT THE JOURNALISM OF ERIC ALTERMAN | $150,000 |
Limestone Foundation Boston, MA PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL SUPPORTING SUPPORT | $100,000 |
Chestnut Fund Boston, MA PURPOSE: WRITING FELLOWS | $75,000 |
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 |