Nonprofit · EIN 85-3391849
IMPROVE THE NEWS FOUNDATION
Tax-exempt · NEW CASTLE, DE 19720
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,158,000 | $3,878,412 | $279,588 | $3,634,677 | $243,537 | $3,391,140 |
| December 31, 2023 | 990 | $5,945,500 | $3,684,885 | $2,260,615 | $3,351,952 | $240,400 | $3,111,552 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,158,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $416
- Accounting fees
- $71,678
- Depreciation
- $8,225
- Program services (functional)
- $3,512,369
- Management and general (functional)
- $366,043
Balance sheet and other
- Total assets, start of year
- $3,351,952
- Total assets, end of year
- $3,634,677
- Total liabilities, end of year
- $243,537
- Net assets, end of year
- $3,391,140
- Land, buildings and equipment
- $21,785
- Net assets without donor restrictions
- $3,391,140
- Gross receipts
- $4,158,000
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- DE
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.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MAX TEGMARK | PRESIDENT AND TREASURER Trustee or director, Officer | 1 | $0 | $457,840 |
| MIHAELA CHITATEGMARK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAX TEGMARK | PRESIDENT AND TREASURER Officer | 2 | $0 |
| MIHAELA CHITATEGMARK | SECRETARY Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 128 SUNSET BLVD 1177, NEW CASTLE, DE 19720-4100
- In care of
- % MAX TEGMARK
- Principal officer (990 for 2024)
- Max Tegmark, 128 SUNSET BLVD, 1177, NEW CASTLE, DE 19720
- Signed the 990
- MAX, TEGMARK
- Phone
- (781) 333-8813
- Website
- www.improvethenews.org
Mission
EMPOWER PEOPLE TO RISE ABOVE CONTROVERSIES AND UNDERSTAND THE WORLD IN A NUANCED WAY.
Program accomplishments
- OUR WEBSITE COMPARES ARTICLES FROM ACROSS THE POLITICAL SPECTRUM ON ANY GIVEN NEWS STORY SEPARATING FACTS THAT ALL ARTICLES AGREE ON FROM NARRATIVES WHERE ARTICLES DISAGREE TO ALLOW BUSY READERS TO DEVELOP A NUANCED UNDERSTANDING AND AVOID DIVISIVE FILTER BUBBLES.Expenses $3,512,369 · grants $4,158,000
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 | Not 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
- 85-3391849
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A30)
- Assets (IRS master file)
- $3,634,677
- Income (IRS master file)
- $4,158,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,158,000 | $3,878,412 | $3,634,677 | IRS |
| 990 | December 2023 | $5,945,500 | $3,684,885 | $3,351,952 | XML |
| 990 | December 2022 | $2,950,000 | $3,547,484 | $1,036,508 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 85-3391849).
Questions about IMPROVE THE NEWS FOUNDATION
- What is the EIN of IMPROVE THE NEWS FOUNDATION?
- The employer identification number (EIN) of IMPROVE THE NEWS FOUNDATION is 85-3391849.
- Is IMPROVE THE NEWS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to IMPROVE THE NEWS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IMPROVE THE NEWS FOUNDATION 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 IMPROVE THE NEWS FOUNDATION 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 IMPROVE THE NEWS FOUNDATION 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 IMPROVE THE NEWS FOUNDATION?
- The 990 for the year ended December 31, 2024 names Max Tegmark.
- Who are the officers and directors of IMPROVE THE NEWS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does IMPROVE THE NEWS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,158,000, expenses of $3,878,412 and total assets of $3,634,677 at year end.
Other nonprofits in NEW CASTLE
- MEMORIES OF MURDERED MOTHERS EIN 87-3422995 · last filed 990-N for 2025
- MEMORIES OF MURDERED MOTHERS FOUNDATION EIN 33-4882436 · last filed 990-N for 2025
- PASSPORT II PURPOSE FOUNDATION EIN 92-1543145 · last filed 990-PF for 2023
- BOOTLESS STAGEWORKS INC EIN 26-4748300 · last filed 990-N for 2024
- NORTHERN DELAWARE CHAPTER OF THE GOSPEL MUSIC WORKSHOP OF AMERICA I EIN 46-4114327 · last filed 990-N for 2024
- WILMINGTON UNIVERSITY INC EIN 51-0107088 · last filed 990 for 2025
- COMMUNITY SYSTEMS INC EIN 51-0281350 · last filed 990 for 2025
- EASTER SEALS DELAWARE & MARYLANDS EASTERN SHORE INC EIN 51-0066728 · last filed 990 for 2025
All nonprofits in NEW CASTLE · Delaware · Arts, culture and humanities