2026-09-23T12:19:35-05:00 2025-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2025-01-01 142007220 PRO PUBLICA INC PROP 2125145250 155 AVE OF THE AMERICAS 13 FL NEW YORK NY 10013 ROBIN H SPARKMAN PRESIDENT, CO-CEO & TREASURER 2125145250 2026-09-23 1 EVA MRUK P00543254 2122862600 2026-09-23 2025 ROBIN H SPARKMAN 155 AVE OF THE AMERICAS 13 FL NEW YORK NY 10013 131622214 0 X WWW.PROPUBLICA.ORG X 2007 DE PROPUBLICA IS AN INDEPENDENT, NON-PROFIT, PULITZER PRIZE-WINNING NEWSROOM THAT PRODUCES INVESTIGATIVE JOURNALISM IN THE PUBLIC INTEREST. 15 15 258 15 87564 4574 61189839 71110204 191906 192572 2072959 3112883 813928 392305 64268632 74807964 1208606 2052391 0 0 35918822 39774740 251000 374624 3959080 8363292 9092384 45741720 51294139 18526912 23513825 108058174 135243183 10000765 9671104 98057409 125572079 X PRO PUBLICA IS AN INDEPENDENT, NON-PROFIT, PULITZER PRIZE-WINNING NEWSROOM THAT PRODUCES INVESTIGATIVE JOURNALISM IN THE PUBLIC INTEREST. OUR WORK FOCUSES EXCLUSIVELY ON TRULY IMPORTANT STORIES. [SEE CONTINUATION ON SCHEDULE O] WE PRODUCE JOURNALISM THAT SHINES A LIGHT ON EXPLOITATION OF THE WEAK BY THE STRONG AND ON THE FAILURES OF THOSE WITH POWER TO VINDICATE THE TRUST PLACED IN THEM. IN THE BEST TRADITIONS OF AMERICAN JOURNALISM IN THE PUBLIC SERVICE, WE AIM TO STIMULATE POSITIVE CHANGE, UNCOVERING UNSAVORY PRACTICES AND ABUSES OF POWER IN ORDER TO PROD REFORM. WE DO THIS IN AN ENTIRELY NON-PARTISAN AND NON-IDEOLOGICAL MANNER, ADHERING TO THE STRICTEST STANDARDS OF JOURNALISTIC IMPARTIALITY.PROPUBLICA IS AN INDEPENDENT, NON-PROFIT, PULITZER PRIZE-WINNING NEWSROOM THAT PRODUCES INVESTIGATIVE JOURNALISM IN THE PUBLIC INTEREST. 0 0 40908775 2052391 193152 IN 2025, PROPUBLICA PRODUCED DEEP-DIVE INVESTIGATIVE REPORTING IN THE PUBLIC INTEREST ACROSS CRITICAL BEATS, INCLUDING DEMOCRACY AND GOVERNMENT OVERSIGHT, VOTING AND ELECTIONS, HEALTHCARE, CLIMATE CHANGE AND THE ENVIRONMENT, IMMIGRATION, EDUCATION, HOUSING, RACIAL JUSTICE, CHILDREN AND FAMILIES AND CRIMINAL JUSTICE. OUR INVESTIGATIONS UNCOVERED ABUSES OF POWER AND SYSTEMIC FAILURES AND LED TO MEANINGFUL IMPACT - INCLUDING THE PASSAGE OF NEW LAWS, REVERSALS OF HARMFUL POLICIES AND PRACTICES, AND ACCOUNTABILITY FOR LEADERS AND INSTITUTIONS. [SEE CONTINUATION ON SCHEDULE O]PROPUBLICA WAS AWARDED THE 2025 PULITZER PRIZE FOR PUBLIC SERVICE FOR THE SERIES "LIFE OF THE MOTHER," A LANDMARK INVESTIGATION INTO THE UNEXAMINED, IRREVERSIBLE CONSEQUENCES OF STATE ABORTION BANS. THE REPORTING MADE CLEAR, FOR THE FIRST TIME, THAT IN THE WAKE OF THESE BANS, WOMEN ARE LOSING THEIR LIVES IN WAYS THAT EXPERTS HAVE DEEMED PREVENTABLE. THE SERIES BROUGHT NATIONAL ATTENTION TO WOMEN DENIED CARE, LEADING TO REAL CHANGE: TEXAS PASSED A BIPARTISAN LAW TO CLARIFY WHEN DOCTORS CAN LEGALLY TERMINATE A PREGNANCY TO PROTECT THE LIFE OF THE PATIENT.WE CONTINUED TO MAKE PROGRESS ON OUR FIVE-YEAR STRATEGIC PLAN, WHICH FOCUSES ON EXPANDING OUR NATIONAL REPORTING; BOLSTERING THE LOCAL NEWS ECOSYSTEM; AND CONTINUING TO INNOVATE OUR STORYTELLING AND ENGAGE BROAD AND DIVERSE AUDIENCES TO DOUBLE OUR READERSHIP AND INCREASE THE LIKELIHOOD OF IMPACT.THROUGH OUR NETWORK OF REGIONAL HUBS STAFFED WITH LOCAL JOURNALISTS AND OUR LOCAL REPORTING NETWORK THAT SUPPORTS LOCAL NEWSROOMS, WE CONTINUE TO STRENGTHEN LOCAL ACCOUNTABILITY REPORTING AND NEWS ECOSYSTEMS NATIONWIDE BY PUBLISHING INVESTIGATIVE REPORTING THAT COMMUNITIES CAN USE TO HOLD THEIR LOCAL LEADERS AND INSTITUTIONS TO ACCOUNT. FROM OUR NEWLY LAUNCHED WASHINGTON, D.C. BUREAU, WE DOCUMENTED THE FEDERAL POLICIES AND PRACTICES BEING CHANGED, AGENCIES AND PROTECTIONS BEING DISMANTLED, AND THE KEY PEOPLE IN POSITIONS OF POWER DRIVING THESE DECISIONS.WE HIRED ADDITIONAL REPORTERS TO COVER IMMIGRATION, CLIMATE AND ENVIRONMENT, VOTING AND ELECTIONS, FEDERAL AGENCIES, EDUCATION, BUSINESS AND CORPORATE ACCOUNTABILITY AND MORE. ALONG WITH SPECIALIZED DATA, RESEARCH AND ENGAGEMENT STAFF, PROPUBLICA REPORTERS PUBLISHED RIGOROUSLY REPORTED EXPOSES, INVESTIGATIVE PROFILES, AND MORE TIMELY STORIES THAT BREAK NEWS TO HELP READERS UNDERSTAND THIS PIVOTAL MOMENT IN OUR NATION'S HISTORY. 40908775 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 223 0 258 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC ND OR PA RI SC TN UT VA WV WI X X X STEPHANIE N LITTLE CHIEF FINANCIAL & ADMIN OFFICER 2125145250 155 AVE OF THE AMERICAS 13 FL NEW YORK NY 10013 PAUL SAGAN CHAIRMAN 2.00 X X 0 0 0 CLAIRE BERNARD DIRECTOR 1.00 X 0 0 0 TOMIKO BROWN-NAGIN DIRECTOR 1.00 X 0 0 0 MARK COLODNY DIRECTOR 1.00 X 0 0 0 STEVE DAETZ DIRECTOR 1.00 X 0 0 0 ANGELA FILO DIRECTOR 1.00 X 0 0 0 HENRY LOUIS GATES JR DIRECTOR 1.00 X 0 0 0 CLAIRE HOFFMAN DIRECTOR 1.00 X 0 0 0 ANU KHOSLA DIRECTOR 1.00 X 0 0 0 JONATHAN KLEIN DIRECTOR 1.00 X 0 0 0 CARRIE LOZANO DIRECTOR 1.00 X 0 0 0 KATIE MCGRATH DIRECTOR 1.00 X 0 0 0 ROBERT CS MONKS DIRECTOR 1.00 X 0 0 0 JAMES M STONE DIRECTOR 1.00 X 0 0 0 CHARLES F WHITAKER DIRECTOR 1.00 X 0 0 0 STEPHEN ENGELBERG CO-CEO & EDITOR-IN-CHIEF 40.00 X 478858 0 57724 ROBIN H SPARKMAN PRESIDENT CO-CEO & TREASURER 40.00 X 462111 0 56644 RAGAN A RHYNE CHIEF DEVELOPMENT OFFICER & SECRETARY 40.00 X 370026 0 18860 STEPHANIE N LITTLE CHIEF FINANCIAL & ADMINISTRATIVE OFFICER 40.00 X 285904 0 59636 JEREMY A KUTNER GENERAL COUNSEL 40.00 X 266561 0 48878 TYSON EVANS CHIEF PRODUCT & BRAND OFFICER 40.00 X 252369 0 58709 CHARLES ORNSTEIN MANAGING EDITOR, LOCAL 40.00 X 330692 0 57341 TRACY L WEBER MANAGING EDITOR 40.00 X 324498 0 40202 GINGER L THOMPSON MANAGING EDITOR 40.00 X 307034 0 31073 ALEXANDRA N ZAYAS DEPUTY MANAGING EDITOR 40.00 X 250833 0 53346 THOMAS C MILLER REPORTER 40.00 X 246514 0 52667 3575400 0 535080 165 0 1 0 ALLEY INTERACTIVE 228 PARK AVE S 85467 NEW YORK NY 100031502 DATA CONSULTING 336400 COMMUNITY COUNSELLING SERVICE CO LLC 527 MADISON AVENUE FLOOR 5 NEW YORK NY 10022 FUNDRAISING CONSULTING 241200 AMAZON WEB SERVICES POBOX 84023 SEATTLE CA 98124 WEBSITE HOSTING SERVICES 227974 KAUFF MCGUIRE & MARGOLIS LLP 810 7TH AVENUE FLOOR 33 NEW YORK NY 10019 LEGAL CONSULTING 177533 DANILLER & COMPANY 3724 JEFFERSON STREET SUITE 302 AUSTIN TX 78731 FUNDRAISING CONSULTING AND DESIGN 168210 10 71110204 2525501 71110204 JOURNALISM AND EDITORIAL FEES 513190 192572 192572 192572 2711360 2711360 284046 580 283466 57215773 56814250 401523 401523 401523 ADVERTISING REVENUE 541800 87564 87564 HONORARIA AND OTHER REVENUE 900099 20695 20695 108259 74807964 193152 87564 3417044 2002891 2002891 49500 49500 2416280 429265 1338752 648263 29909658 25837996 2601893 1469769 1305518 1122771 116759 65988 3636078 3057625 346337 232116 2507206 1851713 450867 204626 304666 207135 87356 10175 144251 144251 374624 374624 1811160 1390233 404804 16123 59070 33274 25796 983913 280445 87144 616324 1317646 948986 232329 136331 68984 68984 1360592 1170029 119012 71551 1507835 1284740 173252 49843 45971 9756 25626 10589 283417 230357 33648 19412 502935 409940 90281 2714 PUBLIC REC. COPIES/SUBS 355514 355504 10 RECRUITMENT/PROF DEVEL. 275790 125925 133817 16048 REPAIRS AND MAINTENANCE 61254 41706 12140 7408 OTHER TAXES AND COMPLIA 9386 2220 7166 51294139 40908775 6426284 3959080 4890471 16661129 38544211 11515969 14751493 15216016 259969 88494 949187 972856 2087187 1552810 244535 534377 40117728 82711662 8300580 7542680 108058174 135243183 768942 1046652 19560 0 9212263 8624452 10000765 9671104 X 57051982 81042699 41005427 44529380 98057409 125572079 108058174 135243183 23513825 4000845 0 X 0 1 X 1 0 X 35406294 41644166 55857720 61189839 71110204 265208223 35406294 41644166 55857720 61189839 71110204 265208223 21301067 243907156 282576 789339 1547180 2437484 2994826 8051405 76285 42794 0 9198 4574 132851 132233 141948 97425 361659 20695 753960 274146439 979189 0.88970 0.85090 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: HONORARIA AND OTHER REVENUE - 2021 AMOUNT: $ 15,755. 2022 AMOUNT: $ 66,446. 2023 AMOUNT: $ 29,454. 2024 AMOUNT: $ 34,517. 2025 AMOUNT: $ 20,695. INSURANCE REIMB OF LEGAL FEES - 2021 AMOUNT: $ 116,478. 2022 AMOUNT: $ 72,918. 2023 AMOUNT: $ 67,971. 2024 AMOUNT: $ 327,142. 2025 AMOUNT: $ 0. REFUNDS - 2022 AMOUNT: $ 2,584. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1 0 0 0 0 0 0 0 PART II-B, LINE 1: DURING THE TAX YEAR, PRO PUBLICA, INC. JOINED AT LEAST ONE MEDIA COALITION LETTER TO LAWMAKERS TO SUPPORT AND PROTECT REPORTERS AND NEWSROOMS. NO DIRECT EXPENSES WERE INCURRED IN CONNECTION WITH THIS ACTIVITY. 475150 327422 147728 951291 794559 156732 660746 430829 229917 534377 SECURITY DEPOSIT 29528 OTHER ASSETS/RECEIVABLE 24787 RIGHT OF USE ASSET 7488365 7542680 LEASE LIABILITY 8613252 CONTINGENT LIABILITY 11200 8624452 X 78823809 4000845 15000 4015845 74807964 0 74807964 51309139 15000 15000 51294139 0 51294139 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2022. X X X X 1 DANILLER COMPANY 3724 JEFFERSON SUITE 302 AUSTIN TX 78731 DIRECT MAIL/EMAIL CAMPAIGN 0 637472 133424 504048 COMMUNITY COUNSELLING SERVICE CO LLC 527 MADISON AVE 5TH FLOOR NEW YORK NY 10022 FUNDRAISING CAMPAIGN FEASIBILITY STUDY 0 0 241200 -241200 637472 374624 262848 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC SCHEDULE G, PART I, LINE 2B, COLUMN (V) COMMUNITY COUNSELLING SERVICE CO., LLC (CCS) WAS RETAINED TO CONDUCT FUNDRAISING TRAINING SESSIONS FOR DEVELOPMENT STAFF AND SENIOR LEADERSHIP. THE AGREEMENT PROVIDES FOR THE PAYMENT OF SERVICES AT A FIXED MONTHLY FEE, PLUS ANY REIMBURSEMENT OF EXPENSES AS APPROVED BY THE ORGANIZATION. DANILLER + COMPANY WAS RETAINED TO PROVIDE DIRECT RESPONSE FUNDRAISING SERVICES, INCLUDING DEVELOPING AND PREPARING THE STRATEGY AND CONTENT OF THE MATERIAL FOR MAIL AND E-MAIL APPEALS, PRODUCING THE MATERIALS FOR MAILING, AND DEVELOPING AND PREPARING A PLAN OF ANALYSIS AND REPORTING OF THE RESULTS OF THE MAILINGS, E-MAIL APPEALS, ETC. THE AGREEMENT PROVIDES FOR THE PAYMENT OF FEES PER DIRECT MAIL/EMAIL CAMPAIGN. 1 AMNEWS CORP 2340 FREDERICK DOUGLASS BOULEVARD NEW YORK NY 10027 132677838 99200 0 PARTICIPATION IN LOCAL REPORTING NETWORK INITIATIVE ANCHORAGE DAILY NEWS 300 W 31ST AVENUE ANCHORAGE AK 99503 371869203 109658 0 PARTICIPATION IN LOCAL REPORTING NETWORK DISTINGUISHED FELLOWS PROGRAM ARIZONA LOCAL POST DBA ARIZONA LUMINARIA 2252 E BLACKLIDGE DRIVE TUSCON AZ 85719 872217945 501(C)(3) 99448 0 PARTICIPATION IN LOCAL REPORTING NETWORK INITIATIVE BANGOR PUBLISHING COMPANY DBA BANGOR DAILY NEWS 1 MERCHANTS PLAZA SUITE 1 PO BOX 1329 BANGOR ME 04402 010024570 50500 0 PARTICIPATION IN LOCAL REPORTING NETWORK INITIATIVE BETHEL BROADCASTING INC DBA KYUK 640 RADIO STREET BETHEL AK 99559 920039676 501(C)(3) 69750 0 PARTICIPATION IN LOCAL REPORTING NETWORK DISTINGUISHED FELLOWS PROGRAM CONNECTICUT NEWS PROJECT INC 1049 ASYLUM AVE HARTFORD CT 06105 270583046 501(C)(3) 93000 0 PARTICIPATION IN LOCAL REPORTING NETWORK 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INITIATIVE WFAA-TV INC 606 YOUNG STREET DALLAS TX 752024810 260357472 10000 0 PARTICIPATION IN LOCAL REPORTING NETWORK INITIATIVE 24 9 EMERGING REPORTER STIPEND 10 49500 PART I, LINE 2: A) EMERGING REPORTER STIPENDS TO INDIVIDUALS: STIPEND PAYMENTS REPRESENT A FORM OF GRANT ASSISTANCE PROVIDED TO PARTICIPANTS IN VARIOUS PROPUBLICA OUTREACH PROGRAMS. PARTICIPANTS IN THE PROGRAMS ARE SELECTED VIA A COMPETITIVE APPLICATION PROCESS IN WHICH THE APPLICANTS ARE CHOSEN BASED ON THEIR QUALIFICATIONS AND CAREER PROSPECTS IN THE FIELD OF INVESTIGATIVE JOURNALISM. FUNDING IS OFTEN PROVIDED AS A PART OF A GRANT RECEIVED BY PROPUBLICA. IN SUCH INSTANCES, THE GRANT REQUIREMENTS DETERMINE THE AMOUNT OF FUNDING AVAILABLE AND MAY INFORM THE STIPEND PAYMENT PROCESS. IF THE FUNDING IS PROVIDED THROUGH PROPUBLICA'S GENERAL OPERATING BUDGET, FUNDING AVAILABILITY IS DETERMINED BASED ON OVERALL BUDGETARY CONCERNS. BASED ON THESE PARAMETERS, PROGRAM DIRECTORS DETERMINE WHICH OF THE FOLLOWING SITUATIONS APPLY: - ALL PARTICIPANTS RECEIVE EQUAL STIPEND AMOUNTS. - ALL PARTICIPANTS RECEIVE SOME STIPEND, WITH THE AWARD AMOUNT VARYING BASED ON DETERMINATION OF NEED. - SOME PARTICIPANTS RECEIVE STIPENDS, WITH THE AWARD AMOUNT VARYING BASED ON DETERMINATION OF NEED. IN THIS INSTANCE, APPLICANTS MUST APPLY FOR ASSISTANCE AS A SEPARATE PROCEDURE FROM THE GENERAL APPLICATION PROCESS AND ARE NOTIFIED OF THE AMOUNT OF THE TOTAL ASSISTANCE AVAILABLE BASED ON GRANT FUNDS AVAILABLE. APPLICATIONS FOR ASSISTANCE REQUIRE APPLICANTS TO ADDRESS THE FOLLOWING: - EXPLICITLY ANSWER THE QUESTION OF WHETHER OR NOT THEY NEED FINANCIAL ASSISTANCE. - PROVIDE THE AMOUNT OF ASSISTANCE THAT THEY ARE REQUESTING BASED ON PRE-DETERMINED FUND AVAILABILITY. - EXPLAIN HOW THE FUNDING WOULD MAKE IT POSSIBLE FOR THEM TO ATTEND THE PROGRAM WHEN THEY OTHERWISE WOULD NOT BE ABLE TO. IF THE CASE IS COMPELLING, THE REQUEST FOR ASSISTANCE IS GRANTED UP TO THE LIMITS OF THE FUNDS AVAILABLE. IF THE EXPLANATION OF NEED INCLUDES THE COST OF EXPENSES THAT ARE ALREADY COVERED FOR ALL ATTENDEES, THE AMOUNT OF THE GRANT MAY BE REDUCED ACCORDINGLY. FOR EXAMPLE, IF A PARTICULAR PROGRAM COVERS THE COST OF LODGING AND TRAVEL FOR ALL ATTENDEES AND LODGING/TRAVEL ARE INCLUDED IN THE EXPLANATION OF NEED, THE AMOUNT AWARDED MAY BE REDUCED. FUNDING IS PROVIDED VIA GRANTS ORIGINATING FROM TEMPORARILY RESTRICTED FUNDS OR GENERAL OPERATING SUPPORT. MONITORING OF FUND USAGE AND FOLLOW-UP ARE BASED UPON ONGOING VERBAL AND WRITTEN DIALOGUE, GRANT REPORTING REQUIREMENTS, AND WRITTEN GRANT REPORTS PROVIDED TO GRANTING ORGANIZATIONS AT THE END OF THE GRANT PERIOD, AS APPLICABLE. PROPUBLICA MAINTAINS RECORDS OF ALL INDIVIDUALS RECEIVING AND BENEFITING FROM GRANT FUNDS, INCLUDING COMPLETED W-9 FORMS. AS THESE GRANTS ARE NEED-BASED, SUCH FUNDS MAY BE USED FOR ANY PURPOSE. B) LOCAL REPORTING NETWORK GRANTS TO ORGANIZATIONS AND INDIVIDUALS: PROPUBLICA PROVIDES REGRANT FUNDING TO ORGANIZATIONS AND INDIVIDUALS THAT PARTICIPATED IN LOCAL REPORTING INITIATIVES. THROUGH THESE INITIATIVES, PROPUBLICA PARTNERS WITH LOCAL NEWSROOMS THROUGHOUT THE UNITED STATES TO PROVIDE FUNDING FOR A REPORTER TO WORK ON AN INVESTIGATIVE JOURNALISM PROJECT OR PROJECTS FOR A SPECIFIED PERIOD OF TIME. MOST OFTEN, THE GRANTEE IS THE NEWSROOM ORGANIZATION ITSELF; HOWEVER, OCCASIONALLY, FUNDING MAY BE PROVIDED DIRECTLY TO A REPORTER WITH AN AFFILIATION TO THE SELECTED NEWSROOM. NEWSROOMS ARE SELECTED TO PARTICIPATE IN THESE INITIATIVES VIA A COMPETITIVE APPLICATION PROCESS, AND IN ADDITION TO FUNDING, PARTNERS RECEIVE ACCESS TO PROPUBLICA RESOURCES INCLUDING EDITORS, TRAINING SESSIONS, AND CO-PUBLISHING OPPORTUNITIES. LOCAL GRANT AMOUNTS ARE DETERMINED BASED ON EACH REPORTER'S ANNUAL SALARY AND A STANDARD BENEFITS PERCENT ALLOCATION, AND AMOUNTS ARE AGREED TO IN WRITING BY BOTH THE PARTICIPATING NEWSROOM AND PROPUBLICA. FUND USAGE IS MONITORED BY THE PROPUBLICA EDITORS WHO OVERSEE THE PROGRAMS AND WORK DIRECTLY WITH THE REPORTERS AND NEWSROOMS. ULTIMATELY, LOCAL GRANTEE REPORTERS ARE EXPECTED TO PUBLISH INVESTIGATIVE PIECES IN COORDINATION WITH PROPUBLICA. ALSO, PARTICIPATING ORGANIZATIONS MUST PROVIDE A WRITTEN ACCOUNTING FOR FUNDS USAGE AT THE END OF THE GRANT PERIOD, WHICH MOST OFTEN INCLUDES A COPY OF THE FUNDED REPORTER'S W2 FOR THE FUNDED GRANT YEAR. X X X X X 0 0 0 0 0 0 0 0 0 STEPHEN ENGELBERG CO-CEO & EDITOR-IN-CHIEF 472000 0 0 0 6858 0 17500 0 40224 0 536582 0 0 0 ROBIN H SPARKMAN PRESIDENT CO-CEO & TREASURER 459789 0 0 0 2322 0 17500 0 39144 0 518755 0 0 0 RAGAN A RHYNE CHIEF DEVELOPMENT OFFICER & SECRETARY 369216 0 0 0 810 0 17500 0 1360 0 388886 0 0 0 CHARLES ORNSTEIN MANAGING EDITOR, LOCAL 329450 0 0 0 1242 0 16897 0 40444 0 388033 0 0 0 TRACY L WEBER MANAGING EDITOR 320934 0 0 0 3564 0 16250 0 23952 0 364700 0 0 0 STEPHANIE N LITTLE CHIEF FINANCIAL & ADMINISTRATIVE OFFICER 285094 0 0 0 810 0 14920 0 44716 0 345540 0 0 0 GINGER L THOMPSON MANAGING EDITOR 303470 0 0 0 3564 0 15313 0 15760 0 338107 0 0 0 JEREMY A KUTNER GENERAL COUNSEL 266021 0 0 0 540 0 13662 0 35216 0 315439 0 0 0 TYSON EVANS CHIEF PRODUCT & BRAND OFFICER 251829 0 0 0 540 0 13265 0 45444 0 311078 0 0 0 ALEXANDRA N ZAYAS DEPUTY MANAGING EDITOR 250294 0 0 0 539 0 12911 0 40435 0 304179 0 0 0 THOMAS C MILLER REPORTER 244203 0 0 0 2311 0 12539 0 40128 0 299181 0 0 0 X 117 2525501 AVG. SELLING PRICE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN PART I, COLUMN (B). FORM 990, PART I, LINE 22, NET ASSETS OR FUND BALANCES: PROPUBLICA MAINTAINS A BOARD DESIGNATED RESERVE FUND WITHIN THE PORTION OF NET ASSETS THAT ARE CLASSIFIED AS WITHOUT DONOR RESTRICTIONS. THESE AMOUNTS ARE DESIGNATED BY THE BOARD OF DIRECTORS TO SUPPORT THE ORGANIZATION'S LONG-TERM FINANCIAL STABILITY AND STRATEGIC PRIORITIES. THE RESERVE MAY BE USED FOR ANY PURPOSE, INCLUDING BUT NOT LIMITED TO STRATEGIC OPPORTUNITIES, OPERATING EMERGENCIES, OR CAPITAL EXPENDITURES. THE RESERVE WAS FORMALLY ESTABLISHED BY BOARD RESOLUTION IN OCTOBER 2025. BECAUSE THESE AMOUNTS ARE INTERNALLY DESIGNATED, THEY REMAIN PART OF NET ASSETS WITHOUT DONOR RESTRICTIONS AND MAY BE MADE AVAILABLE FOR GENERAL OPERATIONS UPON BOARD APPROVAL. THE BALANCE OF THE BOARD DESIGNATED RESERVE FUND AT 12/31/2025 WAS $71,078,802. FORM 990, PART VI, SECTION B, LINE 11B PRO PUBLICA HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY THE PRESIDENT AND CHIEF FINANCIAL & ADMINISTRATIVE OFFICER AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS SUBMITTED ELECTRONICALLY TO ALL MEMBERS OF PRO PUBLICA'S GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH AT LEAST ONE WEEK TO REVIEW THE PREPARED FORM 990 AND PROVIDE THEIR COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE AUDIT COMMITTEE FOR THEIR REVIEW. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C PRO PUBLICA HAS A CONFLICT OF INTEREST POLICY, WHICH APPLIES TO ALL DIRECTORS (BOARD MEMBERS), OFFICERS, AND EMPLOYEES. EMPLOYEES RECEIVE THE CONFLICT OF INTEREST POLICY AT HIRE AS A PART OF THE EMPLOYEE HANDBOOK, FOR WHICH EMPLOYEES MUST ACKNOWLEDGE RECEIPT IN WRITING. EMPLOYEES, THEREFORE, RECEIVE THE POLICY AND ACKNOWLEDGE RECEIPT EACH TIME THE EMPLOYEE HANDBOOK IS REVISED. THE POLICY IS PROVIDED TO NEW DIRECTORS AS A PART OF ONBOARDING PROCEDURES. DISCLOSURE OF ANY CONFLICTS IS REQUIRED AT THE TIME OF ONBOARDING OR AT ANY SUCH TIME THAT A FUTURE CONFLICT SHOULD ARISE. AN INTERESTED PERSON MUST DISCLOSE AS SOON AS PRACTICABLE TO THE SECRETARY THE EXISTENCE OF A POTENTIAL CONFLICT OF INTEREST AND ALL MATERIAL FACTS RELATED TO THE CONFLICT. IF A DIRECTOR OR OFFICER IS UNCERTAIN ABOUT WHETHER A CONFLICT EXISTS, HE/SHE MUST REPORT THE POSSIBLE CONFLICT IN ALL CASES IN WHICH A CRITICAL EXTERNAL OBSERVER MIGHT REASONABLY PERCEIVE A CONFLICT TO EXIST. THE BOARD COMMITTEE WILL DETERMINE IF A CONFLICT OF INTEREST EXISTS. IN THE EVENT THAT A CONFLICT OF INTEREST ARISES, THE DIRECTOR OR OFFICER TO WHOM THE CONFLICT PERTAINS TO IS EXCLUDED FROM VOTING ON THE ISSUE. HE/SHE MUST LEAVE THE ROOM AND THE OTHER DIRECTORS VOTE ON THE ISSUE PERTAINING TO THAT SPECIFIC TRANSACTION. WITH RESPECT TO ANY BOARD COMMITTEE'S DISCUSSION, DECISION, OR ACTIONS INVOLVING TRANSACTIONS IN WHICH A DIRECTOR OR OFFICER HAS A CONFLICT OF INTEREST, THE MINUTES OF THE BOARD COMMITTEE MEETING WILL REFLECT THE BOARD'S DELIBERATIONS AND VOTING PROCESS. IN CASE OF AN INTERESTED PARTY WHO IS NOT A DIRECTOR OR OFFICER, THE PRESIDENT MONITORS AND ENFORCES THE ORGANIZATION'S COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. IF AN EMPLOYEE HAS A CONFLICT OF INTEREST, HE/SHE CANNOT PARTICIPATE IN THE DECISION MAKING OF THE CONFLICTED TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE CEOS IS REVIEWED EACH YEAR BY THE BOARD. THE COMPENSATION COMMITTEE CONDUCTS PERFORMANCE REVIEWS OF THE CEOS AND RECOMMENDS COMPENSATION ADJUSTMENTS TO THE BOARD AFTER CONSIDERATION OF SEVERAL FACTORS, INCLUDING PERFORMANCE, RATES OF INFLATION, COMPENSATION PRACTICES AND PLANS FOR OTHER PROPUBLICA EMPLOYEES, AND COMPARABLE DATA. COMPARABLE DATA MAY INCLUDE INFORMATION ABOUT JOURNALISM OUTLETS AND OTHER NOT FOR PROFIT ORGANIZATIONS. THE COMMITTEE ALSO PERIODICALLY USES THE SERVICES OF A LAW FIRM FOR GUIDANCE ON MATTERS OF CEO COMPENSATION. COMPENSATION ADJUSTMENTS ARE APPROVED BY THE BOARD, AND APPROVED SALARY CHANGES ARE DOCUMENTED IN HUMAN RESOURCES FILES AND REQUIRE THE SIGNATURE OF BOTH THE EMPLOYEE AND THE HR DIRECTOR. THE BOARD'S CONSIDERATION OF THIS MATTER IS ALSO DOCUMENTED IN THE MINUTES OF THE EXECUTIVE SESSION. THIS PROCESS WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION B, LINE 15B: THE COMPENSATION OF THE KEY EMPLOYEES AND OTHER OFFICERS ARE DETERMINED BY THE PRESIDENT. THE PRESIDENT USES COMPARABILITY DATA TO REVIEW COMPENSATION. THIS PROCESS WAS LAST UNDERTAKEN IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES, INCLUDING PROPUBLICA'S NONPROFIT EXPLORER. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, FORM 990, FORM 1023, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST, AND ON THE ORGANIZATION'S WEBSITE (WWW.PROPUBLICA.ORG).