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← NATIONAL TRUST FOR LOCAL NEWS

Form 990 for tax year 2022

Filed by NATIONAL TRUST FOR LOCAL NEWS.

Totals

Total revenue
$4,292,081
Total expenses
$1,826,157
Contributions and grants received
$4,138,839
Grants paid
$0
Program service revenue
$59,243
Investment income
$93,999
Other revenue
$0
Total assets, end of year
$4,772,238
Total liabilities, end of year
$1,545,229
Net assets or fund balances, end of year
$3,227,009
Program services expenses (Part IX)
$877,787
Management and general expenses
$815,077
Fundraising expenses
$133,293
Program service expenses (Part III)
$877,787

Program services were 48.1% 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

    $4,138,839

  • 2a · Program service revenue: ADVISORY REVENUE

    total $59,243 · related or exempt $59,243

  • 3 · Investment income

    total $93,999 · excluded $93,999

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $668,543 · program services $463,315 · management and general $111,420 · fundraising $93,808

  • 7 · Other salaries and wages

    total $96,501 · program services $66,877 · management and general $16,084 · fundraising $13,540

  • 9 · Other employee benefits

    total $40,247 · program services $27,770 · management and general $6,842 · fundraising $5,635

  • 10 · Payroll taxes

    total $57,058 · program services $39,368 · management and general $9,683 · fundraising $8,007

  • 11b · Fees: legal

    total $18,006 · management and general $18,006

  • 11c · Fees: accounting

    total $65,482 · management and general $65,482

  • 11g · Fees: other

    total $280,699 · program services $129,430 · management and general $138,966 · fundraising $12,303

  • 12 · Advertising and promotion

    total $432,061 · program services $18,378 · management and general $413,683

  • 13 · Office expenses

    total $14,988 · program services $637 · management and general $14,351

  • 14 · Information technology

    total $137 · management and general $137

  • 16 · Occupancy

    total $5,155 · management and general $5,155

  • 17 · Travel

    total $43,216 · program services $43,216

  • 20 · Interest

    total $88,796 · program services $88,796

  • 22 · Depreciation, depletion and amortization

    total $1,604 · management and general $1,604

  • 23 · Insurance

    total $7,831 · management and general $7,831

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $4,173 · management and general $4,173

  • 24b · Other expenses: BOARD EXPENSES

    total $219 · management and general $219

  • 24c · Other expenses: BANK CHARGES & FEES

    total $3 · management and general $3

  • 24e · All other expenses

    total $1,438 · management and general $1,438

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $435,737 · end of year $1,773,998

  • 2 · Savings and temporary cash investments

    beginning of year $150,060 · end of year $150,279

  • 4 · Accounts receivable

    beginning of year $875,200 · end of year $968,250

  • 7 · Other notes and loans receivable

    beginning of year $1,300,000 · end of year $1,845,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,201

  • 14 · Intangible assets

    end of year $26,317

  • 15 · Other assets

    beginning of year $27,920 · end of year $8,394

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,498 · end of year $45,229

  • 24 · Unsecured notes and loans payable

    beginning of year $1,533,535 · end of year $1,500,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,261,085 · end of year $1,070,301

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $2,156,708

Mission and programs · 2022

Mission

THE NATIONAL TRUST FOR LOCAL NEWS IS A NON-PROFIT DEDICATED TO CONSERVING, TRANSFORMING, AND SUSTAINING COMMUNITY NEWS ORGANIZATIONS.

Activities or mission (Part I)

THE NATIONAL TRUST FOR LOCAL NEWS IS DEDICATED TO REVITALIZING COMMUNITY NEWSPAPERS.

  • ORGANIZATION'S PROGRAM SERVICES INCLUDE: (A) TO INCREASE THE CAPACITY OF LOCAL MEDIA TO PROVIDE ENHANCED SERVICES TO THEIR COMMUNITIES AND INCREASE THE REVENUES IN SERVICE OF THEIR PUBLIC SERVICE MISSION (B) TO DEVELOP SHARED SERVICES AND INFRASTRUCTURE TECHNOLOGIES THAT SUPPORT LOCAL MEDIA (C) TO STRENGTHEN AND EXPAND LOCAL MEDIA SERVICES SO THAT LOCAL COMMUNITIES NATIONWIDE ARE PROVIDED WITH INDEPTH INFORMATION, UNBIASED NEWS, AND DIVERSE CULTURAL PROGRAMMING AND CONTENT (D) TO CREATE OR FACILITATE THE DEVELOPMENT AND SUPPORT OF LOCAL MEDIA SERVICES THAT IMPROVE AND ENHANCE EDUCATION AND INFORMATION IN LOCAL COMMUNITIES ACROSS THE COUNTRY (E) TO ENABLE AND PROMOTE SUSTAINABLE LOCAL MEDIA FOR COMMUNITIES NATIONWIDE (F) TO DEVELOP AND FACILITATE SHORT-TERM AND LONG-TERM FINANCINGS IN SUPPORT OF LOCAL MEDIA (G) TO EDUCATE, PROVIDE RESOURCES AND SUPPORT LOCAL NEWSPAPER PUBLISHERS AND OTHER COMMUNITY MEDIA ORGANIZATIONS WITH A SET OF CRITICAL SERVICES AND SUPPORT DESIGNED TO ENSURE THE LONG TERM EDUCATIONAL, ECONOMIC AND CIVIC SERVICES TO THEIR COMMUNITIES, AND TO PROVIDE INTENSIVE, LONG TERM AND ONSITE ADVISORY SERVICES TO LOCAL COMMUNITY ORIENTED NEWSPAPERS SEEKING TO CREATE NEW, SUSTAINABLE BUSINESS MODELS. THESE SERVICES ARE FOCUSED ON DRIVING TRANSFORMATION AND SUSTAINABILITY THAT ENSURE COMMUNITY SERVICE OVER THE LONG TERM.

    Expenses $877,787 · Revenue $59,243

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Marc Hand

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    10

  • John Wotowicz

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ju-Don Marshall

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lillian Ruiz

    COO & CO-FOUNDER

    Total calculated
    $138,120
    From this org
    $134,239
    From related orgs
    $0
    Other
    $3,881
    Hours/week
    40

  • Elizabeth Hansen

    CEO

    Total calculated
    $231,250
    From this org
    $231,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,250
    Bonus
    $50,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $231,250

  • Fraser Nelson

    MANAGING DIRECTOR

    Total calculated
    $189,683
    From this org
    $183,932
    From related orgs
    $0
    Other
    $5,751
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,182
    Bonus
    $24,750
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $183,932

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 · Form 990 of other organizations
  • 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
  • 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.

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.

Related corporations and trusts

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

  • COLORADO NEWS CONSERVANCY

    C · NEWSPAPER PUBLISHING · CO · 100% owned · share of income $2,756,872 · share of assets $1,656,032 · controlled entity

    Directly controlled by NATIONAL TRUST FOR LOCAL NEWS

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343189349307114

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