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Nonprofiteer
← LOCAL MEDIA ASSOCIATION

Form 990 for tax year 2023

Filed by LOCAL MEDIA ASSOCIATION.

Totals

Total revenue
$2,767,502
Total expenses
$2,602,626
Contributions and grants received
$188,830
Grants paid
$1,019,164
Program service revenue
$2,466,729
Investment income
$44,075
Other revenue
$67,868
Total assets, end of year
$2,667,250
Total liabilities, end of year
$411,674
Net assets or fund balances, end of year
$2,255,576
Program services expenses (Part IX)
$1,956,148
Management and general expenses
$646,478
Fundraising expenses
$0
Program service expenses (Part III)
$1,956,148

Program services were 75.2% 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.

  • 1b · Membership dues

    $188,830

  • 2a · Program service revenue: WORD IN BLACK

    total $1,190,230 · related or exempt $1,190,230

  • 2b · Program service revenue: FIMS LAB

    total $292,208 · related or exempt $292,208

  • 2c · Program service revenue: LOCAL NEWS RESOURCE CE

    total $283,181 · related or exempt $283,181

  • 2d · Program service revenue: TECHNOLOGY RESOURCE CE

    total $138,436 · related or exempt $138,436

  • 2e · Program service revenue: LMA FEST

    total $130,511 · related or exempt $130,511

  • 2f · All other program service revenue

    total $432,163 · related or exempt $432,163

  • 3 · Investment income

    total $44,075 · excluded $44,075

  • 11a · Other revenue: MEDIA CONSULTING

    total $50,750 · related or exempt $50,750

  • 11b · Other revenue: FINANCIAL OUTSOURCING

    total $17,118 · related or exempt $17,118

  • 11e · Other revenue, total

    $67,868

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,019,164 · program services $1,019,164

  • 5 · Compensation of officers, directors and key employees

    total $222,607 · program services $50,682 · management and general $171,925

  • 7 · Other salaries and wages

    total $695,572 · program services $458,797 · management and general $236,775

  • 8 · Pension plan contributions

    total $27,834 · program services $15,309 · management and general $12,525

  • 9 · Other employee benefits

    total $83,501 · program services $45,590 · management and general $37,911

  • 10 · Payroll taxes

    total $73,071 · program services $41,026 · management and general $32,045

  • 11b · Fees: legal

    total $1,978 · management and general $1,978

  • 11c · Fees: accounting

    total $8,250 · management and general $8,250

  • 11g · Fees: other

    total $15,227 · program services $10,004 · management and general $5,223

  • 12 · Advertising and promotion

    total $10,976 · program services $10,976

  • 13 · Office expenses

    total $17,367 · program services $8,338 · management and general $9,029

  • 14 · Information technology

    total $106,269 · program services $19,153 · management and general $87,116

  • 17 · Travel

    total $65,873 · program services $56,855 · management and general $9,018

  • 19 · Conferences, conventions and meetings

    total $57,440 · program services $50,251 · management and general $7,189

  • 22 · Depreciation, depletion and amortization

    total $1,817 · management and general $1,817

  • 23 · Insurance

    total $10,476 · management and general $10,476

  • 24a · Other expenses: MANAGEMENT FEES

    total $100,000 · program services $100,000

  • 24b · Other expenses: CONTRACTED SERVICES

    total $60,810 · program services $59,638 · management and general $1,172

  • 24c · Other expenses: BANK/CREDIT CARD FEES

    total $13,130 · program services $6,567 · management and general $6,563

  • 24d · Other expenses: MISCELLANEOUS

    total $6,243 · program services $3,798 · management and general $2,445

  • 24e · All other expenses

    total $5,021 · management and general $5,021

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,112,387 · end of year $174,972

  • 2 · Savings and temporary cash investments

    beginning of year $718,151 · end of year $1,327,477

  • 4 · Accounts receivable

    beginning of year $663,917 · end of year $19,694

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,476 · end of year $28,875

  • 10a · Land, buildings and equipment: cost or other basis

    $24,632

  • 10b · Land, buildings and equipment: accumulated depreciation

    $23,417

  • 10c · Land, buildings and equipment, net

    beginning of year $3,032 · end of year $1,215

  • 11 · Investments: publicly traded securities

    beginning of year $840,449 · end of year $850,765

  • 12 · Investments: other securities

    beginning of year $104,500 · end of year $104,500

  • 15 · Other assets

    beginning of year $70,644 · end of year $159,752

  • 17 · Accounts payable and accrued expenses

    beginning of year $60,175 · end of year $81,655

  • 19 · Deferred revenue

    beginning of year $1,465,982 · end of year $328,969

  • 25 · Other liabilities

    beginning of year $6,657 · end of year $1,050

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,992,742 · end of year $2,255,576

Mission and programs · 2023

Mission

LOCAL MEDIA ASSOCIATION IS INTENSELY FOCUSED ON HELPING MEDIA COMPANIES DISCOVER NEW AND SUSTAINABLE BUSINESS MODELS. THE FUTURE OF LOCAL JOURNALISM DEPENDS ON THIS.

Activities or mission (Part I)

HELPING LOCAL MEDIA COMPANIES DISCOVER NEW AND SUSTAINABLE BUSINESS MODELS.

  • WORD IN BLACK - WORD IN BLACK IS A COLLABORATION WITH TEN OF THE NATION'S LEADING BLACK PUBLISHERS, FOCUSED ON SOLUTIONS TO RACIAL INEQUITIES IN AMERICA.

    Expenses $1,080,230 · Revenue $1,190,230

  • THE FAMILY AND INDEPENDENT MEDIA SUSTAINABILITY (FIMS) LAB IS AIMED AT FINDING PATHS TO SUSTAINABILITY FOR FAMILY-OWNED AND INDEPENDENT LOCAL MEDIA ORGANIZATIONS THROUGH FUNDING FROM GOOGLE NEWS INITIATIVE. DIRECTORS OF LMA WORK WITH KEY LEADERS OF 12 FAMILY-OWNED AND INDEPENDENT LOCAL MEDIA COMPANIES, IMMERSING IN STRATEGIC BUSINESS TRANSFORMATION WORK INTENDED TO ADVANCE THEM TOWARDS LONG-RUN SUSTAINABILITY AND FINANCIAL INDEPENDENCE.

    Expenses $242,208 · Revenue $292,208

  • THE BRANDED CONTENT PROJECT, A PARTNERSHIP BETWEEN LOCAL MEDIA ASSOCIATION AND THE LOCAL MEDIA CONSORTIUM WAS FUNDED BY MULTIPLE INVESTMENTS FROM THE META JOURNALISM PROJECT AND COMMENCED IN MARCH 2019. IT HAS SINCE LED MULTIPLE COHORTS OF ADVERTISING LEADERS FROM LARGE AND SMALL LOCAL MEDIA OUTLETS TO LEARN TOOLS AND METHODS FOR BRANDED/SPONSORED CONTENT DEVELOPMENT AND REVENUE SUCCESS. THE PROJECT NOW OFFERS PRE-BUILT, TOPIC-BASED BRANDED CONTENT MODULES THAT MEDIA OUTLETS CAN USE AS STARTER KITS FOR LOCAL CLIENTS.

    Expenses $444,457 · Revenue $109,928

  • ACCELERATE LOCAL, BORRELL MIAMI, DIGITAL CLUB, DIGITAL INNOVATION CONTEST, LMA FEST, LMIA, LOCAL NEWS RESOURCE CENTER, NEWS IS OUT, NEWSLETTER/WEBSITE, TECHNOLOGY RESOURCE CENTER.

    Expenses $189,253 · Revenue $942,231

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Amber Aldrich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Catherine Badalamente

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Chris Weatherly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deanna Fox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Barnes

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Janis Ware

    SECOND VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Judi Terzotis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jodelle Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Lloyd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Bishop

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Liz White

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Jeff Moriarty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Dubose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rich Hoover

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sonali Verma

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sonny Messiah Jiles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Toby Collodora

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Handy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Sly

    IMMEDIATE PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Tracy Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J Tom Shaw

    FIRST VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Nancy Cawley Lane

    CEO

    Total calculated
    $380,902
    From this org
    $350,525
    From related orgs
    $0
    Other
    $30,377
    Hours/week
    22 + 28 related

    Schedule J breakdown matched by us

    Base
    $350,525
    Bonus
    $0
    Other
    $0
    Deferred
    $12,102
    Nontaxable benefits
    $18,275
    Filer's total
    $380,902

  • Janice Norman

    DIRECTOR OF ACCOUNTING AND

    Total calculated
    $121,844
    From this org
    $99,211
    From related orgs
    $0
    Other
    $22,633
    Hours/week
    28 + 22 related

  • John Small

    CHIEF OPERATING OFFICER

    Total calculated
    $242,354
    From this org
    $214,677
    From related orgs
    $0
    Other
    $27,677
    Hours/week
    28 + 22 related

    Schedule J breakdown matched by us

    Base
    $214,677
    Bonus
    $0
    Other
    $0
    Deferred
    $8,920
    Nontaxable benefits
    $18,757
    Filer's total
    $242,354

  • Frank Mungeam

    CHIEF INNOVATION OFFICER

    Total calculated
    $223,522
    From this org
    $202,805
    From related orgs
    $0
    Other
    $20,717
    Hours/week
    22 + 28 related

    Schedule J breakdown matched by us

    Base
    $202,805
    Bonus
    $0
    Other
    $0
    Deferred
    $8,741
    Nontaxable benefits
    $11,976
    Filer's total
    $223,522

  • Andrew Ramsammy

    EMPLOYEE

    Total calculated
    $146,194
    From this org
    $140,627
    From related orgs
    $0
    Other
    $5,567
    Hours/week
    2 + 38 related

  • Penny Riordan

    EMPLOYEE

    Total calculated
    $153,580
    From this org
    $147,649
    From related orgs
    $0
    Other
    $5,931
    Hours/week
    28 + 22 related

    Schedule J breakdown matched by us

    Base
    $147,649
    Bonus
    $0
    Other
    $0
    Deferred
    $5,906
    Nontaxable benefits
    $25
    Filer's total
    $153,580

  • Julia Campbell

    EMPLOYEE

    Total calculated
    $188,543
    From this org
    $168,072
    From related orgs
    $0
    Other
    $20,471
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,072
    Bonus
    $0
    Other
    $0
    Deferred
    $5,041
    Nontaxable benefits
    $15,430
    Filer's total
    $188,543

  • John Celestand

    EMPLOYEE

    Total calculated
    $142,064
    From this org
    $136,577
    From related orgs
    $0
    Other
    $5,487
    Hours/week
    1

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PART II
KEY EMPLOYEES ARE ABLE TO EARN INCENTIVES IN NUMEROUS WAYS INCLUDING: FUNDRAISING, SUCCESSFUL PROJECT MANAGEMENT AND MEETING/EXCEEDING BUDGET GOALS.

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

  • HOUSTON DEFENDER NEWSPAPER INC

    $135,000

    STIPENDS

  • AFRO AMERICAN COMPANY OF BALTIMORE CITY

    $96,666

    STIPENDS

  • THE ATLANTA VOICE NEWSPAPER

    $96,666

    STIPENDS

  • THE SEATTLE MEDIUM

    $96,666

    STIPENDS

  • NEW YORK AMSTERDAM NEWS

    $96,666

    STIPENDS

  • MICHIGAN CHRONICLE

    $95,000

    STIPENDS

  • LEE PUBLISHING INC THE OBSERVER NEWSPAPER

    $85,000

    STIPENDS

  • THE WASHINGTON INFORMER

    $85,000

    STIPENDS

  • THE DALLAS WEEKLY

    $85,000

    STIPENDS

  • ST LOUIS AMERICAN NEWSPAPER

    $85,000

    STIPENDS

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • LOCAL MEDIA FOUNDATION

    501(C)(3) · TO ENSURE A HEALTHY FUTURE FOR LOCAL JOURNALISM · IL

    Directly controlled by LOCAL MEDIA ASSOCIATION

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SUBURBAN NETWORK INC

    OPERATE NORTH AMERICA-WIDE CLASSIFIED ADVERTISING NETWORK, NOW DISCONTINUED · VA · income -$416 · assets -$771

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SUBURBAN NETWORK INC

    C · OPERATE NORTH AMERICA-WIDE CLASSIFIED ADVERTISING NETWORK, NOW DISCONTINUED · VA · share of income -$416 · share of assets -$771

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349307027

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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