The Center for Investigative Repor… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

Judy Wise

Phone

4153211700

Tax Period

2024-07-01 to 2024-12-31

The Center for Investigative Reporting formrly Foundation for National Progress, founded in 1975, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $11.8M in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring.

Mission

FELLOWSHIP PROGRAM. SINCE ITS FOUNDING, CIRs GOAL HAS BEEN TO PRODUCE, IN THE WORDS OF OUR MISSION STATEMENT, REVELATORY JOURNALISM THAT IN ITS POWER AND REACH INFORMS AND INSPIRES A MORE JUST AND DEMOCRATIC WORLD. (Continued on Schedule O)

Program Service Accomplishments

Program 1

Expenses: $9,601,296 Revenue: $1,726,737

Program service accomplishment #1 Investigative ReportingThreats to Democracy:Mother Jones was the first national outlet to report on voter suppression regularly and deeply, exploring how the push...

Program service accomplishment #1 Investigative ReportingThreats to Democracy:Mother Jones was the first national outlet to report on voter suppression regularly and deeply, exploring how the push for minority rule may be the greatest threat to our democracy. We are seeing critical stories playing out at the state and local level, where our team has built expertise. In Arizona, we reported on the slate of election deniers who nearly captured the states top offices, and on the regular citizens who worked tirelessly to stop them. In Georgia and Pennsylvania, we explored how voter intimidation and disinformation, and election denial shaped the midterms. And in Galveston County, Texas, we reported on how political operatives were working to ensure there would be no representation by people of (Continued on Schedule O)

Program 2

Corruption:During this fiscal year, we devoted significant journalistic resources to exploring how shadowy wealth distorts public policy, most potently in our recent package How Private Equity Looted America. In it, we explored how private equity has become one of the most powerful hidden forces in our economy, touching nearly every sector of our lives, but is barely covered outside the business pages. We set out to change that, rallying the newsroom to produce a formidable online and print package of 15 stories, including in-depth features, first-person accounts, and a video investigating the fleecing of the American economy. The package galvanized activists, led to media appearances, and received an honorable mention from the Association of Business Journalists. (Continued on Schedule O)

Program 3

Program service accomplishment #2 Fellowship ProgramSince 1980, Mother Jones has placed an emphasis on creating opportunities for aspiring journalists through the Ben Bagdikian Fellowship Program...

Program service accomplishment #2 Fellowship ProgramSince 1980, Mother Jones has placed an emphasis on creating opportunities for aspiring journalists through the Ben Bagdikian Fellowship Program. While there are a number of general journalism and reporting internships available for students or recent college graduates, only Mother Jones puts such an emphasis on investigative reporting. Among the largest training programs in the independent media community, the Ben Bagdikian Fellowship Program gives aspiring journalists intensive training in what it takes to publish outstanding, independent journalism, to meet deadlines, and to work as part of a professional team. It is a rare opportunity for new journalists to work alongside some of the top reporters and journalists in the business, and to learn the inner workings of multimedia (Continued on Schedule O)

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,026,093

Program Service Revenue $1,701,407

Investment Income $87,126

Other Revenue $-63,431

TOTAL REVENUE $11,751,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,421,802

Fundraising Expenses $1,075,893

Program Expenses $9,601,296

Other Expenses $3,246,270

TOTAL EXPENSES $11,668,072

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,751,195	$21,772,313	-0.5%
Expenses	$11,668,072	$22,006,033	-0.5%
Net Income	$83,123	$-233,720	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

133

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$559,815

Total Directors

$364,650

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Diana Victoria Baranetsky	General Counsel	37.50		$129,723	$11,776	$141,499
Monika Bauerlein	President & CEO	37.50	Officer Director	$123,766	$12,295	$136,061
Clara Jeffery	VP-Ed in Chief	37.50	Officer Director	$126,517	$5,038	$131,555
David Corn	DC Bureau Chief	37.50		$125,035	$2,429	$127,464
Khary Brown	VP Media Sales	37.50		$107,940	$16,772	$124,712
Brian Hiatt	Marketing Dir	37.50		$103,429	$12,858	$116,287
Jahna Berry	COO	37.50	Officer	$100,713	$12,486	$113,199
Kevin Walter	Assoc Publisher	37.50		$95,079	$16,294	$111,373
Madeleine Buckingham	CFO	25.00	Officer	$78,797	$11,084	$89,881
Erina Atkins	Controller	37.50	Officer	$78,500	$10,619	$89,119
Angela Earlye	Bus Mgr/Board	37.50	Director	$44,722	$4,111	$48,833
Grace Molteni	Reporter/Board	37.50	Director	$42,807	$5,394	$48,201
Judy Wise	Board Chair	2.00	Officer Director	$0	$0	$0
Richard Alan Melcher	Vice Chair	2.00	Officer Director	$0	$0	$0
Sara Frankel	Treasurer	2.00	Officer Director	$0	$0	$0
Bch Ngoc Cao	Vice Chair	2.00	Officer Director	$0	$0	$0
Ekow Yankah	Vice Chair	0.50	Officer Director	$0	$0	$0
Bill Gee	Investment Chai	0.50	Director	$0	$0	$0
Rafael Agustn	Board Member	0.50	Director	$0	$0	$0
Jane Butcher	Board Member	0.50	Director	$0	$0	$0
Andr Carothers	Board Member	0.50	Director	$0	$0	$0
Lauri Fitz-Pegado	Board Member	0.50	Director	$0	$0	$0
Linda Gruber	Board Member	0.50	Director	$0	$0	$0
Omar Alam	Board Member	0.50	Director	$0	$0	$0
Angie Jean-Marie	Board Member	0.50	Director	$0	$0	$0
Jonathan Logan	Board Member	0.50	Director	$0	$0	$0
Susan Mayer-Hirsch	Board Member	0.50	Director	$0	$0	$0
Gina Pell	Board Member	0.50	Director	$0	$0	$0
Ken Pelletier	Board Member	0.50	Director	$0	$0	$0
Ashok Ramani	Board Member	0.50	Director	$0	$0	$0
Vincent Robinson	Board Member	0.50	Director	$0	$0	$0
Robert Rosenthal	Board Member	12.00	Director	$0	$0	$0
Rinku Sen	Board Member	0.50	Director	$0	$0	$0
Susan Sachss	Board Member	0.50	Director	$0	$0	$0
Phil Straus	Board Member	0.50	Director	$0	$0	$0
Gabriel Stricker	Board Member	0.50	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2024	$11,751,195	$11,668,072	$14,159,230	$83,123
2023	$16,230,056	$17,776,493	$12,152,289	$-1,546,437
2022	$21,461,748	$17,478,934	$7,743,885	$3,982,814
2021	$16,803,560	$17,056,959	$5,042,317	$-253,399
2020	$16,529,073	$17,418,736	$4,994,170	$-889,663
2019	$16,863,854	$16,750,183	$4,126,308	$113,671

The Center for Investigative Reporting formrly Foundation for National Progress