Totals
- Total revenue
- $6,122,140
- Total expenses
- $5,150,155
- Contributions and grants received
- $5,889,368
- Grants paid
- $0
- Program service revenue
- $19,417
- Investment income
- $134,614
- Other revenue
- $78,741
- Total assets, end of year
- $7,698,323
- Total liabilities, end of year
- $393,253
- Net assets or fund balances, end of year
- $7,305,070
- Program services expenses (Part IX)
- $3,491,499
- Management and general expenses
- $1,090,815
- Fundraising expenses
- $567,841
- Program service expenses (Part III)
- $3,491,499
Program services were 67.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$5,889,368
-
2a · Program service revenue: ADVERTISING
total $19,417 · unrelated business $19,417
-
3 · Investment income
total $135,704 · excluded $135,704
-
7b · Less cost or other basis and sales expenses
other assets $1,090
-
7c · Gain or loss
other assets -$1,090
-
7d · Net gain or loss
total -$1,090 · excluded -$1,090
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $78,741 · excluded $78,741
-
11e · Other revenue, total
$78,741
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $773,562 · program services $539,044 · management and general $179,667 · fundraising $54,851
-
7 · Other salaries and wages
total $2,115,379 · program services $1,474,067 · management and general $491,316 · fundraising $149,996
-
8 · Pension plan contributions
total $62,163 · program services $43,317 · management and general $14,438 · fundraising $4,408
-
9 · Other employee benefits
total $310,058 · program services $216,059 · management and general $72,014 · fundraising $21,985
-
10 · Payroll taxes
total $227,002 · program services $158,183 · management and general $52,723 · fundraising $16,096
-
11b · Fees: legal
total $92,196 · program services $31,515 · management and general $60,681
-
11c · Fees: accounting
total $22,608 · management and general $22,608
-
11g · Fees: other
total $576,013 · program services $545,346 · management and general $28,879 · fundraising $1,788
-
12 · Advertising and promotion
total $289,560 · program services $2,103 · fundraising $287,457
-
13 · Office expenses
total $56,952 · program services $23,576 · management and general $32,555 · fundraising $821
-
14 · Information technology
total $290,127 · program services $205,937 · management and general $83,636 · fundraising $554
-
16 · Occupancy
total $115,124 · program services $80,222 · management and general $26,739 · fundraising $8,163
-
17 · Travel
total $85,026 · program services $85,026
-
19 · Conferences, conventions and meetings
total $46,087 · program services $46,087
-
22 · Depreciation, depletion and amortization
total $39,305 · program services $27,389 · management and general $9,129 · fundraising $2,787
-
23 · Insurance
total $24,962 · program services $8,532 · management and general $16,430
-
24a · Other expenses: EVENTS
total $24,031 · program services $5,096 · fundraising $18,935
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,709,317 · end of year $4,906,034
-
3 · Pledges and grants receivable
beginning of year $1,703,425 · end of year $2,546,568
-
4 · Accounts receivable
beginning of year $9,850 · end of year $79,222
-
9 · Prepaid expenses and deferred charges
beginning of year $39,677 · end of year $31,306
-
10a · Land, buildings and equipment: cost or other basis
$237,785
-
10b · Land, buildings and equipment: accumulated depreciation
$169,967
-
10c · Land, buildings and equipment, net
beginning of year $99,468 · end of year $67,818
-
15 · Other assets
beginning of year $170,646 · end of year $67,375
-
17 · Accounts payable and accrued expenses
beginning of year $331,923 · end of year $376,755
-
23 · Secured mortgages and notes payable
beginning of year $67,375 · end of year $16,498
-
27 · Net assets without donor restrictions
beginning of year $1,886,836 · end of year $2,324,246
-
28 · Net assets with donor restrictions
beginning of year $4,446,249 · end of year $4,980,824
Mission and programs · 2023
Mission
DEEP SOUTH TODAY IS A NONPROFIT NETWORK OF LOCAL NEWSROOMS COMPRISING MISSISSIPPI TODAY AND VERITE NEWS. WITH ITS REGIONAL SCALE AND SCOPE, DEEP SOUTH TODAY IS PROVIDING CRITICAL JOURNALISM IN UNDERSERVED AREAS AND ENSURING ITS LONG-TERM GROWTH AND SUSTAINABILITY.
Activities or mission (Part I)
TO PROVIDE ESSENTIAL LOCAL JOURNALISM TO COMMUNITIES IN LOUISIANA AND MISSISSIPPI.
-
MISSISSIPPI TODAY WAS AWARDED THE 2023 PULITZER PRIZE FOR LOCAL REPORTING. IT IS THE STATE'S FLAGSHIP NONPROFIT, NONPARTISAN NEWSROOM, OFFERING IN-DEPTH INVESTIGATIVE AND ENTERPRISE REPORTING FROM ALL CORNERS OF THE STATE. THERE IS NO COST TO READ ITS REPORTING, LISTEN TO ITS PODCASTS, OR ACCESS ITS DATA SETS. THE JOURNALISM PRODUCED BY MISSISSIPPI TODAY INCREASES ACCOUNTABILITY AMONG ELECTED OFFICIALS, GOVERNMENT AGENCIES AND COMMUNITY LEADERS. ITS REPORTING IN THE AREAS OF COMMUNITY HEALTH, POLITICS, EDUCATION, CRIMINAL JUSTICE, WORKFORCE, AND POVERTY HAS BEEN ESPECIALLY IMPACTFUL, PROVIDING INSIGHT AND EXPLANATION OF SYSTEMIC ISSUES AND CORRUPTION THAT HAVE LONG GONE UNREPORTED.
Expenses $2,063,483 · Revenue $19,417
-
VERITE NEWS PRODUCES IN-DEPTH JOURNALISM THAT SERVES THE REGION IN AND AROUND NEW ORLEANS, WHILE ALSO EDUCATING, DEVELOPING, AND MENTORING A NEW GENERATION OF MINORITY JOURNALISTS. SERVING AS THE VOICE OF THE DISENFRANCHISED, VERITE NEWS AT NO COST PROVIDES ITS READERS WITH THE INFORMATION THEY NEED TO DRIVE ECONOMIC, SOCIAL AND POLITICAL CHANGE IN THEIR COMMUNITIES AND BEYOND. WITH AN EDITORIAL FOCUS ON THE CIVIC AND CULTURAL COMMUNITIES IN NEW ORLEANS, VERITE NEWS HAS REPORTED ON CRITICAL ISSUES RELATED TO FAIR HOUSING, DISCRIMINATORY POLICING AND THE CITY'S HISTORIC ROOTS IN RESISTANCE.
Expenses $1,428,016
As filed on the 2023 return.
Listed in Part VII
-
Ivy BarneyIVY BARNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Todd McDonaldTODD MCDONALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom PittmanTOM PITTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill BynumBILL BYNUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrew LackANDREW LACK
EXECUTIVE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Ivy TaylorDR IVY TAYLOR
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Tray HairstonTRAY HAIRSTON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Donna BarksdaleDONNA BARKSDALE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Margaret WhiteMARY MARGARET WHITE
CEO OF MISSISSIPPI TODAY
- Total calculated
- $135,929
- From this org
- $121,117
- From related orgs
- $0
- Other
- $14,812
- Hours/week
- 40
-
Dylan PennyDYLAN PENNY
DIRECTOR, PEOPLE & CULTURE
- Total calculated
- $124,373
- From this org
- $114,155
- From related orgs
- $0
- Other
- $10,218
- Hours/week
- 40
-
Adam GanucheauADAM GANUCHEAU
EDITOR-IN-CHIEF
- Total calculated
- $122,850
- From this org
- $114,483
- From related orgs
- $0
- Other
- $8,367
- Hours/week
- 40
-
Terry BaquetTERRY BAQUET
EDITOR-IN-CHIEF VERITE
- Total calculated
- $163,851
- From this org
- $147,627
- From related orgs
- $0
- Other
- $16,224
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $147,627
- Bonus
- $0
- Other
- $0
- Deferred
- $4,429
- Nontaxable benefits
- $11,795
- Filer's total
- $163,851
-
David FrancisDAVID FRANCIS
EXECUTIVE DIRECTOR VERITE
- Total calculated
- $181,057
- From this org
- $167,598
- From related orgs
- $0
- Other
- $13,459
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,598
- Bonus
- $0
- Other
- $0
- Deferred
- $629
- Nontaxable benefits
- $12,830
- Filer's total
- $181,057
-
Warwick SabinWARWICK SABIN
CHIEF EXECUTIVE OFFICER
- Total calculated
- $93,160
- From this org
- $91,358
- From related orgs
- $0
- Other
- $1,802
- Hours/week
- 40
-
Thomas RamseyTHOMAS RAMSEY
HIGHEST COMPENSATED EMPLOYEE
- Total calculated
- $135,535
- From this org
- $108,582
- From related orgs
- $0
- Other
- $26,953
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 4 June 2024
- IRS schema version
- 2023v5.0
- Source object
- 202411569349300926
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