Story Network Foundation
- Assets
- $1.1k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 12/2022
- EIN
- 84-2907396
Organization Overview
Story Network Foundation is located in Washington, DC. Story Network Foundation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Story Network Foundation generated $2.0m in total revenue. All expenses for the organization totaled $2.4m during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE COMBAT MISINFORMATION AND PROMOTE TRUTH ACROSS SOCIAL NETWORKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ORGANIZE: MISINFORMATION IS PROPAGATED BY LARGE NETWORKS OF PAGES, WEBSITES, BOTS AND PEOPLE, WORKING TOGETHER TO SEEM MUCH LARGER THAN THEY ARE. WE ORGANIZE REAL GROUPS AND PEOPLE INTO NETWORKS THAT STAND READY TO AMPLIFY GOOD AND TRUTHFUL IDEAS
WE CREATE: MISINFORMATION IS CHEAP AND EASY TO PRODUCE. REAL INFORMATION TAKES TIME AND CARE. WE INVEST IN ORGANIZATIONS DEDICATED TO CREATING TRUTHFUL VIRAL ONLINE CONTENT AND THEN SHARE IT WITH LIKE-MINDED ORGANIZATIONS WHO WANT FACTUAL STORIES THAT CAN FURTHER THEIR MISSION.
WE INOCULATE: DIGITAL PLATFORMS HAVE BEEN INEFFECIVE AT TAMING THE TROLLS AND MISINFORMATION THEY SPREAD. WE IDENTIFY AND DEPLOY DIGITAL TOOLS THAT HELP LEGITIMATE ORGANIZATIONS FIGHT BACK WHEN THEY'RE TARGETED ONLINE BY FALSE ATTACKS.
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elizabeth Mullins Consulting | 12/30/22 | $150,000 |
Gutsy Media Llc Consulting | 12/30/22 | $1,347,676 |
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 | $1,950,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,950,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,950,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $200,000 |
| Fees for services: Legal | $10,246 |
| Fees for services: Accounting | $12,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $491 |
| Information technology | $1,874 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $236 |
| 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 | $0 |
| Insurance | $7,154 |
| All other expenses | $0 |
| Total functional expenses | $2,361,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,085 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,085 |
| Accounts payable and accrued expenses | $402,101 |
| 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 | $402,101 |
| Net assets without donor restrictions | -$401,016 |
| 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 | $1,085 |
Grants Awarded
Over the last fiscal year, Story Network Foundation has awarded $941,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AMPLIFIER PURPOSE: General Purpose | $31,000 |
DEFENDING DEMOCRACY TOGETHER PURPOSE: General purpose | $10,000 |
FELLOW AMERICANS PURPOSE: General purpose | $250,000 |
WORK MONEY PURPOSE: General purpose | $600,000 |
HIP HOP CAUCUS ED FUND PURPOSE: General purpose | $10,000 |
VOTE LATINO PURPOSE: General purpose | $20,000 |