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Nonprofit · EIN 86-2659851

LOST DEBATE INC

Tax-exempt · WASHINGTON, DC 20003

Financials

$1.4M$2.5M2023$1.1M$1.2M2024
Revenue Expenses · by fiscal year end
Financials of LOST DEBATE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,106,000$1,184,322-$78,322$713,417$42,305$671,112
December 31, 2023990$1,430,148$2,513,506-$1,083,358$890,789$141,355$749,434
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,106,000
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$170,833
Other salaries and wages
$130,500
Salaries, compensation and benefits (total)
$371,460
Professional fundraising fees
$0
Legal fees
$14,013
Accounting fees
$67,155
Occupancy
$24,316
Travel
$43,472
Program services (functional)
$923,039
Management and general (functional)
$203,915
Fundraising (functional)
$57,368

Balance sheet and other

Total assets, start of year
$890,789
Total assets, end of year
$713,417
Total liabilities, end of year
$42,305
Net assets, end of year
$671,112
Net assets without donor restrictions
$671,112
Gross receipts
$1,106,000
Employees
2
Volunteers
0
Year formed
2021
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, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
RAVI GUPTACEO
Trustee or director, Officer
40$170,833$25,461
KATHERINE MALEKOFFPRESIDENT
Highest-paid employee
40$130,500$13,853
COSS MARTECHAIR
Trustee or director, Officer
1$0$0
STACEY SHELLS HARVEYTREASURER
Trustee or director, Officer
1$0$0
SHOMIK DUTTA - LEFT 13125SECRETARY
Trustee or director, Officer
1$0$0
SUJEET RAO - JOINED 32024SECRETARY
Trustee or director, Officer
1$0$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensationOther / benefits
Ravi GuptaCEO
Trustee or director, Officer
40$287,493$29,067
Katherine MalekoffChief of Staff40$118,993$14,002
Coss MarteDirector
Trustee or director, Officer
1$0$0
Stacey Shells HarveyTreasurer
Trustee or director, Officer
1$0$0
Shomik DuttaSecretary
Trustee or director, Officer
1$0$0

Address and contacts

Address (IRS master file)
611 PENNSYLVANIA AVE SE NO 143, WASHINGTON, DC 20003-4303
In care of
% MELE BRENGARTH AND ASSOCIATES
Principal officer (990 for 2024)
RAVI GUPTA, 611 PENNSYLVANIA AVE SE NUM 143, WASHINGTON, DC 20003
Signed the 990
RAVI GUPTA, CEO
Phone
(202) 552-0221
Return prepared by
MBA CONSULTING GROUP

Mission

LOST DEBATE AIMS TO BE THE FIRST MEDIA ORGANIZATION TO OFFER NON-PARTISAN AND OBJECTIVE NEWS AND COMMENTARY THAT IS ENTERTAINING AND EDUCATIONAL.

990 for the year ended December 31, 2024

Program accomplishments

  • IN 2024, OUR PODCAST EPISODES WERE LISTENED TO OVER 1M TIMES, OUR NEWSLETTER SUBSCRIBERS GREW BY 21%, OUR YOUTUBE VIEWERSHIP INCREASED BY 35%, AND OUR SOCIAL MEDIA ENGAGEMENT INCREASED BY 12%.
    Expenses $923,039

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
86-2659851
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
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$713,417
Income (IRS master file)
$1,106,000

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,106,000$1,184,322$713,417XML
990December 2023$1,430,148$2,513,506$890,789XML
990December 2022$3,502,215$3,851,069$1,899,417IRS
990December 2021–––IRS

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 86-2659851).

Questions about LOST DEBATE INC

What is the EIN of LOST DEBATE INC?
The employer identification number (EIN) of LOST DEBATE INC is 86-2659851.
Is LOST DEBATE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to LOST DEBATE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LOST DEBATE INC 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 LOST DEBATE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LOST DEBATE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LOST DEBATE INC?
The 990 for the year ended December 31, 2024 names RAVI GUPTA.
Who are the officers and directors of LOST DEBATE INC?
The 990 for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $170,833 (RAVI GUPTA, CEO).
How much revenue does LOST DEBATE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,106,000, expenses of $1,184,322 and total assets of $713,417 at year end.

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