Liberal Patriot Inc
- Assets
- $524.4k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Washington, DC
- Founding
- Data as of
- 12/2023
- EIN
- 92-1308618
Organization Overview
Liberal Patriot Inc is located in Washington, DC. According to its NTEE Classification (R01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2023, Liberal Patriot Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberal Patriot Inc 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LIBERAL PATRIOT (TLP) IS A DIGITAL NEWSLETTER FOCUSED ON AMERICAN POLITICS AND PUBLIC POLICY. TLP AIMS TO PROVIDE READERS WITH HONEST ANALYSIS AND ORIGINAL COMMENTARY TO HELP ADVANCE A VITAL CENTER PERSPECTIVE IN AMERICAN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIBERAL PATRIOT NEWSLETTER PUBLISHED ONE TO TWO DAILY EDITIONS 6 DAYS PER WEEK, 50 WEEKS PER YEAR IN 2023. THE ANALYSIS AND COMMENTARY ON U.S. POLITICS AND PUBLIC POLICY WAS SENT TO MORE THAN 30,000 FREE NEWSLETTER SUBSCRIBERS AND WAS VIEWED BY HUNDREDS OF THOUSANDS OF PEOPLE ACROSS ALL PLATFORMS. THE LIBERAL PATRIOT COVERED TOPICS INCLUDING U.S. ECONOMIC AND SOCIAL POLICY, INTERNATIONAL AFFAIRS, PUBLIC OPINION, AND DEVELOPMENTS IN THE U.S. CONGRESS AND EXECUTIVE BRANCH. THE LIBERAL PATRIOT ALSO HOSTED A POLICY CONFERENCE IN PHILADELPHIA WITH EXPERTS COVERING HOUSING AND ENERGY POLICY, EDUCATION, CRIME, AMERICAN VALUES, AND NATIONAL SECURITY THAT WE LATER PUBLISHED AS POLICY REPORTS IN THE NEWSLETTER AND DISTRIBUTED TO THE PUBLIC FOR FREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Halpin President | Officer | 40 | $200,000 |
Peter Juul Treasurer | Officer | 40 | $170,000 |
Ruy Teixeira Board Member | Trustee | 40 | $96,250 |
Brian Katulis Secretary | Officer | 1 | $8,192 |
James Carville Board Member | Trustee | 1 | $0 |
Susan Mccue Board Member | Trustee | 1 | $0 |
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 | $1,401,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,401,000 |
| 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 | $1,401,000 |
| 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. | $523,122 |
| 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 | $25,728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,587 |
| Fees for services: Accounting | $135,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,791 |
| Advertising and promotion | $0 |
| Office expenses | $1,002 |
| Information technology | $3,467 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,804 |
| 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 | $4,133 |
| All other expenses | $0 |
| Total functional expenses | $900,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $516,230 |
| 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 | $8,121 |
| 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 | $524,351 |
| Accounts payable and accrued expenses | $23,959 |
| 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 | $23,959 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $500,392 |
| 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 | $524,351 |