2024-05-09T06:54:53-05:00 2023-12-31 562034483 NORTON COLLAR LUND LILLEY PLLC 7701 SIX FORKS ROAD SUITE 100 RALEIGH NC 27615 990 2023-01-01 871945050 THE POLITICAL REPORT INC POLI 9172931771 1250 CONNECTICUT AVE NW SUITE 700 WASHINGTON DC 20036 DANIEL NICHANIAN PRESIDENT/EXECUTIVE DIRECTOR 9172931771 2024-05-07 1 DANIEL NICHANIAN 999009999 0 ROBERT M LANNING P01893629 9198411000 2024-05-07 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z DANIEL NICHANIAN 1802 VERNON STREET NW 2013 WASHINGTON DC 20009 420640 0 X N/A X 2021 DE THE POLITICAL REPORT EDUCATES THE PUBLIC ABOUT SOCIAL, ECONOMIC, AND POLITICAL ISSUES BY (I) PUBLISHING INVESTIGATIVE REPORTS, ARTICLES, NEWSLETTERS, PODCASTS, AND OTHER MEDIA AND EDUCATIONAL MATERIALS, AND (II) CONDUCTING PRESENTATIONS, WORKSHOPS, AND OTHER EDUCATIONAL EVENTS. 3 3 6 0 0 0 1712170 404474 0 0 0 14416 5275 1750 1717445 420640 0 0 0 0 309392 537222 0 0 26226 134171 112529 443563 649751 1273882 -229111 1686329 1483659 2244 16153 1684085 1467506 X THE POLITICAL REPORT EDUCATES THE PUBLIC ABOUT SOCIAL, ECONOMIC, AND POLITICAL ISSUES BY (I) PUBLISHING INVESTIGATIVE REPORTS, ARTICLES, NEWSLETTERS, PODCASTS, AND OTHER MEDIA AND EDUCATIONAL MATERIALS, AND (II) CONDUCTING PRESENTATIONS, WORKSHOPS, AND OTHER EDUCATIONAL EVENTS. 0 0 562265 THE POLITICAL REPORT EDUCATES THE PUBLIC ABOUT SOCIAL, ECONOMIC, AND POLITICAL ISSUES BY (I) PUBLISHING INVESTIGATIVE REPORTS, ARTICLES, NEWSLETTERS, PODCASTS, AND OTHER MEDIA AND EDUCATIONAL MATERIALS, AND (II) CONDUCTING PRESENTATIONS, WORKSHOPS, AND OTHER EDUCATIONAL EVENTS. 562265 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 6 1 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X AKG BUSINESS SOLUTIONS LLC 9199311010 11845 RETAIL DR 1047 WAKE FOREST NC 27587 DANIEL NICHANIAN PRESIDENT/EXEC. DIR. 40.00 X X 103515 0 12055 EASHA ANAND SECRETARY 0.00 X X 0 0 0 KEVIN KEENAN TREASURER 0.00 X X 0 0 0 103515 0 12055 1 0 0 0 0 404474 404474 14416 14416 NON OPERATING INCOME 1750 1750 1750 420640 16166 0 0 X 103515 91524 8051 3940 353174 312263 27467 13444 17636 15615 1356 665 27282 24037 2147 1098 35615 31577 2719 1319 18485 3146 15205 134 49808 49808 770 681 60 29 31 28 2 1 13796 12539 843 414 11947 7519 3157 1271 7915 7701 144 70 BANK FEES 3851 -1 43 3809 COLLABORATIVE AGREEMENT 2155 2155 ILLUSTRATIONS AND PHOTO 1680 1680 MEMBERSHIP FEES 1238 1238 853 755 66 32 649751 562265 61260 26226 1081872 746682 600000 170000 4457 4435 562542 1686329 1483659 1302 942 16153 2244 16153 X 1684085 1467506 1684085 1467506 1686329 1483659 -229111 12532 0 X 0 1 X 0 0 X 426570 1712170 404474 2543214 426570 1712170 404474 2543214 646542 1896672 14416 14416 2557630 1750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 ACCRUED RETIREMENT CONTRIBUTION 1371 ACCRUED LEAVE 14782 16153 X 433171 12531 12531 420640 0 420640 649751 0 649751 0 649751 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE REQUIREMENTS OF PROFESSIONAL LITERATURE IN ACCOUNTING FOR UNCERTAIN TAX POSITIONS. UNDER THIS GUIDANCE, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION WITH TAXING AUTHORITIES. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNCERTAIN TAX POSITIONS. FOR THE YEAR ENDED DECEMBER 31, 2023, THERE WERE NO INTEREST OR PENALTIES RECORDED. FORM 990, PART VI, SECTION A, LINE 6 THE TERM OF MEMBERSHIP SHALL BE LIFE. FORM 990, PART VI, SECTION A, LINE 7A SUBSEQUENT MEMBERS MAY BE ELECTED BY AN ACT OF THE MEMBERS. NOTWITHSTANDING THE FOREGOING, ANY MEMBER, AFTER HAVING FULFILLED ALL OBLIGATIONS TO THE CORPORATION, MAY RESIGN BY WRITTEN NOTICE TO THE SECRETARY OF THE CORPORATION, AND ANY MEMBER MAY BE REMOVED AT ANY TIME, WITH OR WITHOUT CAUSE, BY MAJORITY VOTE OF ALL OF THE MEMBERS. IF ALL OF THE MEMBERS ARE DEAD, INCAPACITATED OR HAVE RESIGNED, THE CORPORATION SHALL HAVE NO MEMBERS AND THE BOARD OF DIRECTORS SHALL ELECT THEIR SUCCESSORS BY AN ACT OF THE BOARD OF DIRECTORS AND SHALL BE AUTHORIZED TO TAKE ANY ACTION ALLOWED BY LAW OR BY THESE BY-LAWS ON BEHALF OF THE CORPORATION WITHOUT THE APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD WILL REVIEW THE 990 AND ASK ANY QUESTIONS OF THE PREPARER BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S STAFF AND BOARD MEMBERS WILL ANNUALLY ACKNOWLEDGE THE CONFLICT OF INTERESTS POLICY. FORM 990, PART VI, SECTION B, LINE 15 IN DECEMBER 2022, TO REVIEW THE PROPOSED COMPENSATION PACKAGE FOR DANIEL NICHANIAN'S ROLE AS EXECUTIVE DIRECTOR BEGINNING AT THE END OF 2022, TWO OTHER BOARD MEMBERS FORMED AN INDEPENDENT BODY TO CONDUCT A COMPARABILITY REVIEW OF THE LEADERSHIP OF SIMILAR NONPROFIT ORGANIZATIONS AND DETERMINE IF THE PROPOSAL PACKAGE WAS "REASONABLE AND NOT EXCESSIVE." THE MEMBERS OF THIS BODY CONDUCTED THIS REVIEW AND MET TO CONFER, DOCUMENTING THEIR FINDINGS INTERNALLY TO THEIR BODY. THEY COMMUNICATED THEIR DECISION IN AN EMAIL DATED DECEMBER 14, 2022, APPROVING A COMPENSATION PACKAGE TO BEGIN ON DECEMBER 26, 2022. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART IX, LINE 11G CONTRACT WRITERS, EDITORS, AND OTHER FREELANCERS: PROGRAM SERVICE EXPENSES 49,808. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 49,808.