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      <Form990PartVIISectionAGrp>
        <PersonNm>RAMSEY ISLER</PersonNm>
        <TitleTxt>DIRECTOR OF PRODUCT</TitleTxt>
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        <KeyEmployeeInd>X</KeyEmployeeInd>
        <ReportableCompFromOrgAmt>169910</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
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      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>JON KEEGAN</PersonNm>
        <TitleTxt>INVESTIGATIVE DATA JOURNALIST</TitleTxt>
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        <HighestCompensatedEmployeeInd>X</HighestCompensatedEmployeeInd>
        <ReportableCompFromOrgAmt>150238</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>81903</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>MALENA CAROLLO</PersonNm>
        <TitleTxt>INVESTIGATIVE REPORTER</TitleTxt>
        <AverageHoursPerWeekRt>40.00</AverageHoursPerWeekRt>
        <HighestCompensatedEmployeeInd>X</HighestCompensatedEmployeeInd>
        <ReportableCompFromOrgAmt>115098</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>57077</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>LEON YIN</PersonNm>
        <TitleTxt>INVESTIGATIVE DATA JOURNALIST</TitleTxt>
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        <HighestCompensatedEmployeeInd>X</HighestCompensatedEmployeeInd>
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      <Form990PartVIISectionAGrp>
        <PersonNm>SIMON FONDRIE-TEITLER</PersonNm>
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        <AverageHoursPerWeekRt>40.00</AverageHoursPerWeekRt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>DANIEL PHIFFER</PersonNm>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
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      <TotalReportableCompFromOrgAmt>1948736</TotalReportableCompFromOrgAmt>
      <TotReportableCompRltdOrgAmt>0</TotReportableCompRltdOrgAmt>
      <TotalOtherCompensationAmt>590052</TotalOtherCompensationAmt>
      <IndivRcvdGreaterThan100KCnt>16</IndivRcvdGreaterThan100KCnt>
      <FormerOfcrEmployeesListedInd>0</FormerOfcrEmployeesListedInd>
      <TotalCompGreaterThan150KInd>1</TotalCompGreaterThan150KInd>
      <CompensationFromOtherSrcsInd>0</CompensationFromOtherSrcsInd>
      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>JUSTWORKS</BusinessNameLine1Txt>
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        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>55 WATER ST</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
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        </ContractorAddress>
        <ServicesDesc>PROFESSIONAL EMPLOYER ORGANIZATION</ServicesDesc>
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      <InvestmentIncomeGrp>
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      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>4285481</TotalRevenueColumnAmt>
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        <UnrelatedBusinessRevenueAmt>0</UnrelatedBusinessRevenueAmt>
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      <InfoInScheduleOPartIXInd>X</InfoInScheduleOPartIXInd>
      <CompCurrentOfcrDirectorsGrp>
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        <ProgramServicesAmt>1326508</ProgramServicesAmt>
        <ManagementAndGeneralAmt>161953</ManagementAndGeneralAmt>
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      <OtherSalariesAndWagesGrp>
        <TotalAmt>2225383</TotalAmt>
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      <PensionPlanContributionsGrp>
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        <ProgramServicesAmt>50686</ProgramServicesAmt>
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        <FundraisingAmt>3135</FundraisingAmt>
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      <OtherEmployeeBenefitsGrp>
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        <ProgramServicesAmt>197508</ProgramServicesAmt>
        <ManagementAndGeneralAmt>24114</ManagementAndGeneralAmt>
        <FundraisingAmt>12217</FundraisingAmt>
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      <PayrollTaxesGrp>
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        <ManagementAndGeneralAmt>28317</ManagementAndGeneralAmt>
        <FundraisingAmt>14346</FundraisingAmt>
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      <FeesForServicesLegalGrp>
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        <ProgramServicesAmt>44690</ProgramServicesAmt>
        <ManagementAndGeneralAmt>248291</ManagementAndGeneralAmt>
      </FeesForServicesLegalGrp>
      <FeesForServicesProfFundraising>
        <TotalAmt>36667</TotalAmt>
        <FundraisingAmt>36667</FundraisingAmt>
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      <FeesForServicesOtherGrp>
        <TotalAmt>799288</TotalAmt>
        <ProgramServicesAmt>431512</ProgramServicesAmt>
        <ManagementAndGeneralAmt>341596</ManagementAndGeneralAmt>
        <FundraisingAmt>26180</FundraisingAmt>
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      <AdvertisingGrp>
        <TotalAmt>6615</TotalAmt>
        <ManagementAndGeneralAmt>6615</ManagementAndGeneralAmt>
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      <OfficeExpensesGrp>
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        <ProgramServicesAmt>73333</ProgramServicesAmt>
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        <FundraisingAmt>30075</FundraisingAmt>
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      <InformationTechnologyGrp>
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        <ManagementAndGeneralAmt>15907</ManagementAndGeneralAmt>
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      <OccupancyGrp>
        <TotalAmt>1870</TotalAmt>
        <ManagementAndGeneralAmt>1870</ManagementAndGeneralAmt>
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      <TravelGrp>
        <TotalAmt>24007</TotalAmt>
        <ProgramServicesAmt>16307</ProgramServicesAmt>
        <ManagementAndGeneralAmt>7139</ManagementAndGeneralAmt>
        <FundraisingAmt>561</FundraisingAmt>
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      <ConferencesMeetingsGrp>
        <TotalAmt>88063</TotalAmt>
        <ProgramServicesAmt>23701</ProgramServicesAmt>
        <ManagementAndGeneralAmt>7945</ManagementAndGeneralAmt>
        <FundraisingAmt>56417</FundraisingAmt>
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      <DepreciationDepletionGrp>
        <TotalAmt>2065</TotalAmt>
        <ManagementAndGeneralAmt>2065</ManagementAndGeneralAmt>
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      <InsuranceGrp>
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        <ManagementAndGeneralAmt>63988</ManagementAndGeneralAmt>
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      <OtherExpensesGrp>
        <Desc>DUES &amp; SUBSCRIPTIONS</Desc>
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        <ProgramServicesAmt>70046</ProgramServicesAmt>
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        <FundraisingAmt>5138</FundraisingAmt>
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      <TotalFunctionalExpensesGrp>
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      <CashNonInterestBearingGrp>
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        <EOYAmt>813244</EOYAmt>
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      <SavingsAndTempCashInvstGrp>
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        <EOYAmt>3904942</EOYAmt>
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      <PledgesAndGrantsReceivableGrp>
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        <EOYAmt>715000</EOYAmt>
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      <AccountsReceivableGrp>
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        <EOYAmt>65350</EOYAmt>
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      <DonorRestrictionNetAssetsGrp>
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      <TotLiabNetAssetsFundBalanceGrp>
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      <FSAuditedBasisGrp>
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        <CurrentTaxYearMinus1YearAmt>4908</CurrentTaxYearMinus1YearAmt>
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        <ContributorBusinessName>
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        </ContributorBusinessName>
        <ContributorUSAddress>
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          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
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        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
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      <RevenueNotReportedFinclStmtAmt>0</RevenueNotReportedFinclStmtAmt>
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      <ExpensesSubtotalAmt>5921216</ExpensesSubtotalAmt>
      <ExpensesNotRptFinclStmtAmt>0</ExpensesNotRptFinclStmtAmt>
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      <PhoneSolicitationsInd>X</PhoneSolicitationsInd>
      <InPersonSolicitationsInd>X</InPersonSolicitationsInd>
      <SolicitationOfNonGovtGrantsInd>X</SolicitationOfNonGovtGrantsInd>
      <AgrmtProfFundraisingActyInd>1</AgrmtProfFundraisingActyInd>
      <FundraiserActivityInfoGrp>
        <OrganizationBusinessName>
          <BusinessNameLine1Txt>GALLAGHER GROUP</BusinessNameLine1Txt>
        </OrganizationBusinessName>
        <USAddress>
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          <CityNm>NEW YORK</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>10025</ZIPCd>
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      <TotalNetToOrganizationAmt>-36667</TotalNetToOrganizationAmt>
      <LicensedStatesCd>NY</LicensedStatesCd>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE G, PART I, LINE 2B, COLUMN (V)</FormAndLineReferenceDesc>
        <ExplanationTxt>AMOUNTS PAID TO PROFESSIONAL FUNDRAISERS REFLECT CONTRACT FEES FOR THE PROFESSIONAL FUNDRAISING FEES INCURRED.</ExplanationTxt>
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        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
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        <PersonNm>JON KEEGAN</PersonNm>
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        <TotalCompensationFilingOrgAmt>232141</TotalCompensationFilingOrgAmt>
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        <PersonNm>EVELYN LARRUBIA THRU 1122</PersonNm>
        <TitleTxt>MANAGING EDITOR, INVESTIGATIONS</TitleTxt>
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        <CompensationBasedOnRltdOrgsAmt>0</CompensationBasedOnRltdOrgsAmt>
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        <DeferredCompensationFlngOrgAmt>2196</DeferredCompensationFlngOrgAmt>
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        <NontaxableBenefitsFilingOrgAmt>22372</NontaxableBenefitsFilingOrgAmt>
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        <TotalCompensationFilingOrgAmt>226432</TotalCompensationFilingOrgAmt>
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        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>KOREY TE HIRA</PersonNm>
        <TitleTxt>VICE PRESIDENT, STRATEGY &amp; OPERATION</TitleTxt>
        <BaseCompensationFilingOrgAmt>164000</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>0</CompensationBasedOnRltdOrgsAmt>
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        <OtherCompensationFilingOrgAmt>48</OtherCompensationFilingOrgAmt>
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        <DeferredCompensationFlngOrgAmt>5752</DeferredCompensationFlngOrgAmt>
        <DeferredCompRltdOrgsAmt>0</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsFilingOrgAmt>51108</NontaxableBenefitsFilingOrgAmt>
        <NontaxableBenefitsRltdOrgsAmt>0</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>220908</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>DANIEL PHIFFER</PersonNm>
        <TitleTxt>FULL-STACK ENGINEER</TitleTxt>
        <BaseCompensationFilingOrgAmt>135810</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>0</CompensationBasedOnRltdOrgsAmt>
        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
        <BonusRelatedOrganizationsAmt>0</BonusRelatedOrganizationsAmt>
        <OtherCompensationFilingOrgAmt>0</OtherCompensationFilingOrgAmt>
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        <DeferredCompensationFlngOrgAmt>4774</DeferredCompensationFlngOrgAmt>
        <DeferredCompRltdOrgsAmt>0</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsFilingOrgAmt>76501</NontaxableBenefitsFilingOrgAmt>
        <NontaxableBenefitsRltdOrgsAmt>0</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>217085</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>RAMSEY ISLER</PersonNm>
        <TitleTxt>DIRECTOR OF PRODUCT</TitleTxt>
        <BaseCompensationFilingOrgAmt>169850</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>0</CompensationBasedOnRltdOrgsAmt>
        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
        <BonusRelatedOrganizationsAmt>0</BonusRelatedOrganizationsAmt>
        <OtherCompensationFilingOrgAmt>60</OtherCompensationFilingOrgAmt>
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        <DeferredCompensationFlngOrgAmt>4263</DeferredCompensationFlngOrgAmt>
        <DeferredCompRltdOrgsAmt>0</DeferredCompRltdOrgsAmt>
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        <TotalCompensationFilingOrgAmt>200510</TotalCompensationFilingOrgAmt>
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        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>LEON YIN</PersonNm>
        <TitleTxt>INVESTIGATIVE DATA JOURNALIST</TitleTxt>
        <BaseCompensationFilingOrgAmt>140698</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>0</CompensationBasedOnRltdOrgsAmt>
        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
        <BonusRelatedOrganizationsAmt>0</BonusRelatedOrganizationsAmt>
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        <DeferredCompensationFlngOrgAmt>4945</DeferredCompensationFlngOrgAmt>
        <DeferredCompRltdOrgsAmt>0</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsFilingOrgAmt>53164</NontaxableBenefitsFilingOrgAmt>
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        <TotalCompensationFilingOrgAmt>198807</TotalCompensationFilingOrgAmt>
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        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>MALENA CAROLLO</PersonNm>
        <TitleTxt>INVESTIGATIVE REPORTER</TitleTxt>
        <BaseCompensationFilingOrgAmt>115098</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>0</CompensationBasedOnRltdOrgsAmt>
        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
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        <TotalCompensationFilingOrgAmt>172175</TotalCompensationFilingOrgAmt>
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        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART V, LINE 2A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE MARKUP NEWS, INC. LEASES EMPLOYEES FROM A PROFESSIONAL EMPLOYMENT ORGANIZATION, JUSTWORKS. THE EMPLOYEES ARE CONSIDERED COMMON LAW EMPLOYEES OF THE MARKUP NEWS, INC., HOWEVER, JUSTWORKS IS THE EMPLOYER OF RECORD AND EMPLOYEES RECEIVE THEIR W2S FROM JUSTWORKS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>INFORMATION PREPARED BY MANAGEMENT AND ACCOUNTANTS, AND FINAL VERSION REVIEWED BY MANAGEMENT AND TREASURER PRIOR TO SUBMISSION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>PER THE ORGANIZATION'S POLICY: YOU ARE REQUIRED TO DISCLOSE IN GOOD FAITH AND IN WRITING TO THE COMMITTEE AT THE ORGANIZATION'S HEADQUARTERS ALL MATERIAL FACTS RELATED TO CONFLICTS OF INTEREST (INCLUDING THOSE THAT IMPLICATE AN OTHER RELATED PARTY BUT NOT A COVERED PERSON) (INCLUDING THE NATURE OF YOUR OR THE OTHER RELATED PARTY'S INTEREST AND INFORMATION ABOUT ANY PROPOSED TRANSACTION OR OTHER ARRANGEMENT). DISCLOSURES SHOULD BE MADE IN ADVANCE, BEFORE ANY ACTION IS TAKEN ON THE MATTER. CONFLICT IDENTIFICATION AND ANALYSIS CAN BE DIFFICULT AND, THEREFORE, YOU ARE AT ALL TIMES EXPECTED TO ERR ON THE SIDE OF CAUTION AND DISCLOSE ALL INSTANCES WHERE A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT EXISTS. EACH CURRENT DIRECTOR, OFFICER AND KEY PERSON OF THE ORGANIZATION, AS WELL AS NOMINEES FOR ELECTION AS DIRECTOR (PRIOR TO HIS OR HER INITIAL ELECTION), MUST SUBMIT TO THE SECRETMY OF THE ORGANIZATION OR A DESIGNATED COMPLIANCE OFFICER AT LEAST ONCE PER YEAR (AND UPDATED AS APPROPRIATE) A QUESTIONNAIRE SUBSTANTIALLY IN THE FORM OF THE APPENDIX TO THIS POLICY. THE SECRETARY OF THE ORGANIZATION OR THE DESIGNATED COMPLIANCE OFFICER SHALL PROVIDE COPIES OF ALL COMPLETED STATEMENTS TO THE CHAIR OF THE COMMITTEE. THE COMMITTEE WILL REVIEW ALL CONFLICTS OF INTEREST AND RELATED PARTY TRANSACTIONS AND DETERMINE WHETHER TO APPROVE OR RATIFY ANY SUCH MATTERS; HOWEVER, A TRANSACTION WITH A RELATED PARTY MAY PROCEED WITHOUT COMMITTEE REVIEW IF THE TRANSACTION: (I) IS OF LIMITED MONETARY VALUE; (II) WOULD NOT USUALLY BE REVIEWED BY THE BOARD IN THE ORDINARY COURSE OF BUSINESS AND IS AVAILABLE TO OTHERS ON THE SAME OR SIMILAR TERMS; OR (III) PROVIDES A CHARITABLE BENEFIT TO A MEMBER OF A CHARITABLE CLASS WHERE THE BENEFIT IS AVAILABLE TO OTHERS ON SIMILAR TERMS. THE COMMITTEE MAY ONLY APPROVE THE UNDERLYING MATTER IF IT DETERMINES THAT SUCH MATTER, UNDER THE TERMS AND WITHIN THE CIRCUMSTANCES AND CONDITIONS PRESENTED, IS FAIR, REASONABLE, AND IN THE BEST INTERESTS OF THE ORGANIZATION AT THE TIME OF SUCH DETERMINATION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>EXECUTIVE COMPENSATION WAS EVALUATED BY FUNDERS WHILE IN FISCAL SPONSORSHIP IN 2019 AND INTO 2020 USING COMPARABLE ORGANIZATIONS, AND THEN APPROVED BY FULL BOARD</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART IX, LINE 11G</FormAndLineReferenceDesc>
        <ExplanationTxt>CONSULTING FEES: PROGRAM SERVICE EXPENSES 431,512. MANAGEMENT AND GENERAL EXPENSES 312,308. FUNDRAISING EXPENSES 26,180. TOTAL EXPENSES 770,000. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 29,288. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,288.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>
