Washington Monthly Corporation is located in Washington, DC. The organization was established in 2010. According to its NTEE Classification (V24) the organization is classified as: Political Science, under the broad grouping of Social Science and related organizations. As of 12/2021, Washington Monthly Corporation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Monthly Corporation 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 12/2020, Washington Monthly Corporation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $1.2m during the year ending 12/2020. While expenses have increased by 0.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO INCREASING PUBLIC KNOWLEDGE THROUGH WASHINGTON MONTHLY MAGAZINE AND WEBSITE WWW.WASHINGTONMONTHLY.COM. THE PRINT MAGAZINE, IN ITS 52ND YEAR, IS THE MOST IMPORTANT WATCHDOG OF AMERICAN GOVERNMENT BEING PUBLISHED TODAY, DIAGNOSING WHAT'S AWRY IN WASHINGTON AND WORLD AFFAIRS AND HOW TO FIX IT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHILE SMALL LOCAL NEWSPAPERS AND BIG DIGITAL OUTLETS ALIKE HAVE CONTINUED TO DOWNSIZE, THE WASHINGTON MONTHLY IS CELEBRATING ITS 53RD YEAR OF PUBLICATION, STILL DOING WHAT FEWER AND FEWER PUBLICATIONS DO TODAY: TELLING FASCINATING, DEEPLY REPORTED GROUNDBREAKING STORIES ABOUT THE PROBLEMS PREVENTING US FROM MOVING FORWARD AS A NATION AND PROVIDING THE INTELLECTUAL TOOLS NECESSARY TO REFORM OUR GOVERNMENT INSTITUTIONS AND ENHANCE THEIR PERFORMANCE. NO OTHER PUBLICATION DOES A BETTER JOB OF LOOKING AT THE IDEAS AND CHARACTERS THAT ANIMATE AMERICA'S GOVERNMENT, POLITICS, AND CULTURE. ONE WOULD HAVE TO GO BACK DECADES-TO THE EARLY 1990S, PERHAPS, OR EVEN THE LATE 1970S-TO FIND A MOMENT WHEN THE WASHINGTON MONTHLY'S IDEAS WERE BEING DISCUSSED AND ADVANCED AT THE HIGHEST LEVELS OF GOVERNMENT AS MUCH AS THEY WERE IN 2021. WE'VE SEEN AN UPTAKE IN SOME OF THE CORE POLICY THEMES WE'VE BEEN WRITING ABOUT FOR YEARS. AMONG THE TOPICS COVERED DURING 2021 WERE: VOTE-BY-MAIL (A POLICY WE HAVE LONG ADVOCATED AND CHAMPIONED); WHAT TO DO ABOUT THE INCREASING DOMINANCE OF CORPORATE GOLIATHS; SAVING LOCAL JOURNALISM; REFORMING FEDERAL BUREAUCRACIES; CONGRESS AND ELECTORAL REFORM; AND THE PEOPLE AND IDEAS RESHAPING HIGHER EDUCATION. THESE ARTICLES GARNERED NATIONAL ATTENTION - IN THE MEDIA, ON TWITTER, AND ON CAPITOL HILL, WHERE WE HAND-DELIVER THREE COPIES OF EACH ISSUE. WE ALSO CONTINUE TO PUBLISH THE WIDELY ACCLAIMED COLLEGE GUIDE ISSUE EACH FALL, FEATURING DEEPLY REPORTED ARTICLES ON HIGHER EDUCATION FOR UNDERGRADS, ADULT LEARNERS, AND CERTIFICATE SEEKS. THE GUIDE'S RANKINGS OF COLLEGES AND UNIVERSITIES ARE BASED ON EACH INSTITUTION'S ABILITY TO ENROLL AND GRADUATE STUDENTS OF MODEST MEANS WHILE FOSTERING COMMUNITY SERVICE AND RESEARCH PRODUCTION. SINCE THESE RANKINGS WERE FIRST PUBLISHED IN 2005 THEY HAVE STEADILY GROWN IN INFLUENCE AND PUBLIC AWARENESS. THE WASHINGTON MONTHLY IS KNOWN FOR HAVING LAUNCHED THE CAREERS OF JOURNALISTS WHO HAVE RISEN TO THE PINNACLE OF THE PROFESSION AND CONTINUES TO TRAIN YOUNG JOURNALISTS WHO GO ON TO POPULATE THE MAINSTREAM MEDIA. FEATURED STORIES HIGHLIGHT ISSUES AND FRAME ARGUMENTS THAT ARE OFTEN PICKED UP BY OTHER MEDIA OUTLETS MONTHS OR EVEN YEARS LATER, WHILE OUR WEBSITE (WWW.WASHINGTONMONTHLY.COM) WITH CLOSE TO MILLION VISITORS EACH MONTH PROVIDES ONLINE COMMENTARY AND ANALYSIS THAT'S INFORMATIVE, UNIQUE, AND LASER-FOCUSED ON THE CHALLENGING ISSUES FACING OUR DEMOCRACY. IN AN ERA WHEN THE FREE PRESS IS UNDER RELENTLESS ATTACK, OUR INDEPENDENT VOICE IS FIGHTING BACK.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Paul Glastris Editor In Ch | OfficerTrustee | 40 | $125,000 |
Nicholas Lemann Chair | OfficerTrustee | 2 | $0 |
Steven Waldman Director | Trustee | 2 | $0 |
Michael Sorrell Director | Trustee | 2 | $0 |
Michelle Cottle Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $1,704,936 |
Investment income | $101 |
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 | $2,050,595 |
Statement of Expenses | |
---|---|
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 to disqualified persons | $0 |
Other salaries and wages | $463,494 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $41,662 |
Payroll taxes | $36,937 |
Fees for services: Management | $18,700 |
Fees for services: Legal | $4,959 |
Fees for services: Accounting | $29,103 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $286,568 |
Advertising and promotion | $0 |
Office expenses | $14,537 |
Information technology | $53,808 |
Royalties | $0 |
Occupancy | $76,170 |
Travel | $2,283 |
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 | $14,077 |
Insurance | $9,851 |
All other expenses | $0 |
Total functional expenses | $1,228,882 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $425,956 |
Savings and temporary cash investments | $729,460 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $527,240 |
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 | $10,462 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $6,416 |
Total assets | $1,796,929 |
Accounts payable and accrued expenses | $17,139 |
Grants payable | $0 |
Deferred revenue | $91,518 |
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 | $103,500 |
Other liabilities | $144,306 |
Total liabilities | $356,463 |
Net assets without donor restrictions | $0 |
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 |
Total liabilities and net assets/fund balances | $1,440,466 |
Over the last fiscal year, we have identified 9 grants that Washington Monthly Corporation has recieved totaling $667,781.
Awarding Organization | Amount |
---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: POSTSECONDARY EDUCATION | $199,962 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $150,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $150,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $67,808 |
Ecmc Foundation Minneapolis, MN PURPOSE: Program Support | $50,000 |
Laura And John Arnold Foundation Houston, TX PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT. | $25,000 |
Organization Name | Assets | Revenue |
---|---|---|
Becket Fund Washington, DC | $15,541,342 | $13,973,613 |
The Fund For American Studies Washington, DC | $28,894,922 | $6,879,817 |
American Political Science Association Washington, DC | $50,816,738 | $7,939,452 |
Joint Center For Political And Economic Studies Inc Washington, DC | $11,366,492 | $7,289,544 |
The Center For The Study Of The Presidency And Congress Washington, DC | $7,091,325 | $2,113,845 |
Washington Monthly Corporation Washington, DC | $1,796,929 | $2,050,595 |
Institute For Research Middle Eastern Policy Inc Washington, DC | $96,170 | $0 |
Committee For A Fair Judiciary Washington, DC | $279,470 | $300,000 |
The Historical Society Of The District Of Columbia Circuit Washington, DC | $559,303 | $208,610 |
Us-Japan Research Institute Washington, DC | $0 | $2,422 |