Nonprofit · EIN 56-2451141
INSIDE CLIMATE NEWS
Also known as Lost Light Projects Inc
Tax-exempt · BROOKLYN, NY 11242
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,266,941 | $4,805,511 | -$538,570 | $5,319,741 | $143,517 | $5,176,224 |
| December 31, 2024 | 990 | $6,576,178 | $3,893,230 | $2,682,948 | $5,889,256 | $174,462 | $5,714,794 |
| December 31, 2023 | 990 | $3,638,304 | $3,302,451 | $335,853 | $3,085,685 | $53,839 | $3,031,846 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,121,988
- Program service revenue
- $27,776
- Investment income
- $110,777
- Other revenue
- $6,400
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $306,566
- Other salaries and wages
- $3,096,359
- Salaries, compensation and benefits (total)
- $3,932,643
- Professional fundraising fees
- $0
- Accounting fees
- $24,575
- Occupancy
- $44,291
- Travel
- $162,736
- Depreciation
- $2,433
- Program services (functional)
- $4,104,431
- Management and general (functional)
- $256,143
- Fundraising (functional)
- $444,937
Balance sheet and other
- Total assets, start of year
- $5,889,256
- Total assets, end of year
- $5,319,741
- Total liabilities, end of year
- $143,517
- Net assets, end of year
- $5,176,224
- Land, buildings and equipment
- $3,029
- Net assets without donor restrictions
- $2,883,814
- Net assets with donor restrictions
- $2,292,410
- Gross receipts
- $4,266,941
- Employees
- 44
- Volunteers
- 0
- Year formed
- 2004
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID SASSOON | PRESIDENT Trustee or director, Officer | 40 | $289,489 | $17,077 |
| VERNON LOEB | EXECUTIVE EDITOR Highest-paid employee | 40 | $177,000 | $13,252 |
| MEGAN BOYLE | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $147,000 | $5,558 |
| JAMIE HOPKINS | MANAGING EDITOR Highest-paid employee | 40 | $118,673 | $12,912 |
| MICHAEL KODAS | SENIOR EDITOR Highest-paid employee | 40 | $112,000 | $4,480 |
| LAWRENCE RODMAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TED LOEWENTHAL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER LEE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JUDITH ALBERT | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SHIRLEY M CARSWELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KRISTEN MULLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RICHARD GRAVES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ZANAGEE ARTIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANTONIETA CADIZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BAKEYAH NELSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARL R RABAGO | BOARD MEMBER Trustee or director | 1 | $0 |
| BILL MARIMOW | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID SASSOON | PRESIDENT Trustee or director, Officer | 40 | $233,564 | $16,737 |
| VERNON LOEB | EXECUTIVE EDITOR Highest-paid employee | 40 | $165,169 | $13,516 |
| MEGAN BOYLE | DIRECTOR OF DEVELOPMENT AN Highest-paid employee | 40 | $141,000 | $5,436 |
| MICHAEL KODAS | SENIOR EDITOR Highest-paid employee | 40 | $112,000 | $4,488 |
| CAROLINE JONES | SENIOR EDITOR Highest-paid employee | 40 | $100,593 | $10,614 |
| ERIN COLLIER | SENIOR EDITOR Highest-paid employee | 40 | $102,000 | $8 |
| LAWRENCE RODMAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL NORTHROP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TED LOEWENTHAL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER LEE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JUDITH ALBERT | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SHIRLEY M CARSWELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KRISTEN MULLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RICHARD GRAVES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ZANAGEE ARTIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANTONIETA CADIZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CLARK HOYT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BAKEYAH NELSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KARL R RABAGO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID SASSOON | PRESIDENT Trustee or director, Officer | 40 | $219,947 | $15,273 |
| VERNON LOEB | EXECUTIVE EDITOR Highest-paid employee | 40 | $151,990 | $12,440 |
| MEGAN BOYLE | DIRECTOR OF DEVELOPMENT AN Highest-paid employee | 40 | $140,000 | $5,375 |
| MICHAEL KODAS | SENIOR EDITOR Highest-paid employee | 40 | $103,333 | $4,141 |
| LAWRENCE RODMAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL NORTHROP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TED LOEWENTHAL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER LEE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JUDITH ALBERT | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SHIRLEY M CARSWELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KRISTEN MULLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RICHARD GRAVES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DANCIE WARE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DANIELLE PURIFOY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 26 COURT ST STE 1617, BROOKLYN, NY 11242-1116
- Mailing address (990-N for 2012)
- 89 Fern Hill Road, Ghent NY 12075
- Principal officer (990 for 2025)
- DAVID SASSOON, 26 COURT STREET 1617, BROOKLYN, NY 11242
- Principal officer (990-N for 2012)
- David Sassoon, 145 Henry St Apt 2F, Brooklyn NY 11201
- Signed the 990
- DAVID SASSOON, PRESIDENT
- Phone
- (718) 304-5066
- Website
- www.lostlight.org
- Return prepared by
- BUFFAMANTE WHIPPLE BUTTAFARO PC
Mission
INSIDE CLIMATE NEWS IS COMMITTED TO ESTABLISHING A PERMANENT NATIONAL REPORTING NETWORK, TO TRAINING THE NEXT GENERATION OF JOURNALISTS, AND TO STRENGTHENING THE PRACTICE OF ENVIRONMENTAL JOURNALISM.
Program accomplishments
- SEE SCHEDULE OExpenses $4,104,431
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2451141
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Social science (V99)
- Assets (IRS master file)
- $5,319,741
- Income (IRS master file)
- $4,266,941
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,266,941 | $4,805,511 | $5,319,741 | XML |
| 990 | December 2024 | $6,576,178 | $3,893,230 | $5,889,256 | XML |
| 990 | December 2023 | $3,638,304 | $3,302,451 | $3,085,685 | XML |
| 990 | December 2022 | $3,031,154 | $2,902,454 | $2,812,133 | IRS |
| 990 | December 2021 | $3,451,685 | $2,364,681 | $2,601,521 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
| 990-N for 2012 Officer: David Sassoon | December 31, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2451141).
Questions about INSIDE CLIMATE NEWS
- What is the EIN of INSIDE CLIMATE NEWS?
- The employer identification number (EIN) of INSIDE CLIMATE NEWS is 56-2451141.
- Is INSIDE CLIMATE NEWS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to INSIDE CLIMATE NEWS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSIDE CLIMATE NEWS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INSIDE CLIMATE NEWS due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSIDE CLIMATE NEWS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of INSIDE CLIMATE NEWS?
- The 990 for the year ended December 31, 2025 names DAVID SASSOON.
- Who are the officers and directors of INSIDE CLIMATE NEWS?
- The 990 for the year ended December 31, 2025 lists 17 people; 5 received compensation from the organization, the highest $289,489 (DAVID SASSOON, PRESIDENT).
- How much revenue does INSIDE CLIMATE NEWS have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,266,941, expenses of $4,805,511 and total assets of $5,319,741 at year end.
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