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← NATIONAL TRUST FOR LOCAL NEWS

Form 990 for tax year 2023

Filed by NATIONAL TRUST FOR LOCAL NEWS.

Totals

Total revenue
$46,104,002
Total expenses
$24,433,037
Contributions and grants received
$25,596,806
Grants paid
$75,000
Program service revenue
$20,287,233
Investment income
$31,301
Other revenue
$188,662
Total assets, end of year
$40,664,722
Total liabilities, end of year
$15,791,461
Net assets or fund balances, end of year
$24,873,261
Program services expenses (Part IX)
$23,587,911
Management and general expenses
$642,784
Fundraising expenses
$202,342
Program service expenses (Part III)
$23,587,911

Program services were 96.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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
    $0
    Hours/week
    40

  • ELIZABETH HANSEN SHAPIRO

    CEO

    Total calculated
    $370,540
    From this org
    $370,540
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $293,243
    Bonus
    $77,297
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $370,540

  • PHILLIP R MCDUFFIE

    CHIEF PORTFOLIO OFFICER

    Total calculated
    $155,650
    From this org
    $155,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,087
    Bonus
    $43,563
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $155,650

  • WILLIAM NELLIGAN

    CHIEF GROWTH OFFICER

    Total calculated
    $162,135
    From this org
    $162,135
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,798
    Bonus
    $20,330
    Other
    $10,007
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $162,135

  • JENIFER F NELSON

    STRATEGIC PARTNERSHIP (THRU 8/7/23)

    Total calculated
    $108,712
    From this org
    $108,712
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • CAROLINE PORTER

    DIR STRATEGIC P'SHIP & IMPACT

    Total calculated
    $109,808
    From this org
    $109,808
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • CAROLINE ROSS

    CHIEF OF STAFF

    Total calculated
    $188,008
    From this org
    $188,008
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,458
    Bonus
    $33,550
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $188,008

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

  • COLORADO TRUST FOR LOCAL NEWS

    $75,000

    TELLURAY REPORTER, FOR THE ADDITIONAL REPORTING AT THE LITTLETON INDEPENDENT. BEYOND PRINT GRANT - SUPPORT A BILINGUAL NEWSLETTER IN COMMERCE CITY, COLORADO.

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.

Related corporations and trusts

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

  • COLORADO TRUST FOR LOCAL NEWS

    C · NEWSPAPER PUBLISHING · CO · 100% owned · share of income $4,408,767 · share of assets $1,213,529 · controlled entity

    Directly controlled by NATIONAL TRUST FOR LOCAL NEWS

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349322125

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