Skip to content
Nonprofiteer
← LOCAL INDEPENDENT ONLINE NEWS PUBLISHERS INC

Form 990 for tax year 2022

Filed by LOCAL INDEPENDENT ONLINE NEWS PUBLISHERS INC.

Totals

Total revenue
$3,946,331
Total expenses
$4,203,044
Contributions and grants received
$1,600,680
Grants paid
$1,813,873
Program service revenue
$2,328,948
Investment income
$16,703
Other revenue
$0
Total assets, end of year
$3,009,532
Total liabilities, end of year
$414,563
Net assets or fund balances, end of year
$2,594,969
Program services expenses (Part IX)
$3,325,887
Management and general expenses
$410,849
Fundraising expenses
$466,308
Program service expenses (Part III)
$3,325,887

Program services were 79.1% 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

    $1,600,680

  • 2a · Program service revenue: CONTRACTS

    total $2,064,960 · related or exempt $2,064,960

  • 2b · Program service revenue: CONFERENCE

    total $195,565 · related or exempt $195,565

  • 2c · Program service revenue: MEMBERSHIP DUES

    total $68,423 · related or exempt $68,423

  • 3 · Investment income

    total $16,703 · excluded $16,703

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,571,662 · program services $1,571,662

  • 2 · Grants to domestic individuals

    total $86,698 · program services $86,698

  • 3 · Grants to foreign organizations and individuals

    total $155,513 · program services $155,513

  • 5 · Compensation of officers, directors and key employees

    total $203,181 · program services $91,431 · management and general $50,795 · fundraising $60,955

  • 7 · Other salaries and wages

    total $863,212 · program services $690,146 · management and general $130,287 · fundraising $42,779

  • 8 · Pension plan contributions

    total $27,706 · program services $22,383 · management and general $3,724 · fundraising $1,599

  • 9 · Other employee benefits

    total $77,645 · program services $62,501 · management and general $10,509 · fundraising $4,635

  • 10 · Payroll taxes

    total $82,360 · program services $61,076 · management and general $12,833 · fundraising $8,451

  • 11c · Fees: accounting

    total $60,500 · management and general $60,500

  • 11e · Fees: professional fundraising services

    total $30,600 · fundraising $30,600

  • 11g · Fees: other

    total $129,555 · program services $63,320 · management and general $21,566 · fundraising $44,669

  • 12 · Advertising and promotion

    total $3,974 · program services $247 · management and general $3,656 · fundraising $71

  • 13 · Office expenses

    total $22,574 · program services $3,598 · management and general $18,976

  • 14 · Information technology

    total $34,402 · program services $16,532 · management and general $15,115 · fundraising $2,755

  • 17 · Travel

    total $45,584 · program services $36,898 · management and general $4,684 · fundraising $4,002

  • 23 · Insurance

    total $7,960 · management and general $7,960

  • 24a · Other expenses: CONTRACTED PROGRAM SERV

    total $452,767 · program services $452,767

  • 24b · Other expenses: EVENT EXPENSES

    total $266,146 · program services $73 · management and general $766 · fundraising $265,307

  • 24c · Other expenses: RECRUITMENT AND DEVELOP

    total $60,211 · program services $2,861 · management and general $56,865 · fundraising $485

  • 24d · Other expenses: MISCELLANEOUS

    total $19,579 · program services $8,181 · management and general $11,398

  • 24e · All other expenses

    total $1,215 · management and general $1,215

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,101,325 · end of year $547,084

  • 2 · Savings and temporary cash investments

    beginning of year $250,483 · end of year $2,100,127

  • 3 · Pledges and grants receivable

    beginning of year $450,000 · end of year $58,000

  • 4 · Accounts receivable

    beginning of year $254,511 · end of year $298,240

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,175 · end of year $6,081

  • 17 · Accounts payable and accrued expenses

    beginning of year $209,812 · end of year $391,608

  • 19 · Deferred revenue

    end of year $22,955

  • 27 · Net assets without donor restrictions

    beginning of year $1,179,514 · end of year $1,814,009

  • 28 · Net assets with donor restrictions

    beginning of year $1,672,168 · end of year $780,960

Mission and programs · 2022

Mission

LION PROVIDES TEACHING, RESOURCES AND COMMUNITY TO INDEPENDENT NEWS ENTREPRENEURS AS THEY BUILD AND DEVELOP SUSTAINABLE BUSINESSES.

  • MEMBER EDUCATION PROGRAMS (FORMERLY NEWS BUSINESS PROGRAMMING):LION-GNI SUSTAINABILITY AUDITS & FUNDING-THE SUSTAINABILITY AUDIT PROGRAM SELECTED 100 LION MEMBERS TO SHAREOPERATIONAL, FINANCIAL AND JOURNALISTIC DATA ABOUT BUSINESS, WHICH WE ASSESSED WITH INDUSTRY EXPERTS TO DELIVER CUSTOM REPORTS DETAILING OPPORTUNITIES AND RECOMMENDATIONS TO HELP THE NEWS BUSINESSES ON THEIR PATHS TO SUSTAINABILITY.GNI STARTUPS LABS-THE 2022 GNI STARTUPS LABS PROVIDED 48 LION MEMBERS WITH COACHING, TRAININGAND FUNDING TO SUPPORT THEIR GROWTH IN ONE OF THREE AREAS: MANAGING MONEY AND RISK, BUILDING AND MANAGING A TEAM AND PLANNING FOR REVENUE GROWTH.LION-META REVENUE GROWTH FELLOWSHIP-THE REVENUE GROWTH FELLOWSHIP SUBSIDIZED THE COST OF HIRING A REVENUE-FOCUSED STAFF MEMBER IN 12 NEWSROOMS. THIS TWO- YEAR PROGRAM WILL WRAP UP IN 2023, AND WE'LL BE USING WHAT WE LEARNED TO GENERATE INSIGHTS FOR OTHER MEMBERS.

    Expenses $2,464,182 · Grants $1,689,623 · Revenue $2,064,960

  • FIELD BUILDING (FORMERLY INDUSTRY STRENGTHENING): LION PARTNERED WITH NEWS REVENUE HUB AND REVLAB AT THE TEXAS TRIBUNE TO GATHER 500 PUBLISHERS AND OTHER INDUSTRY LEADERS IN AUSTIN, TEXAS, FOR THE INAUGURAL INDEPENDENT NEWS SUSTAINABILITY SUMMIT. LION ACTED AS THE FISCAL SPONSOR FOR THE EVENT, AND PROVIDED $55,000 IN TRAVEL SCHOLARSHIPS TO MORE THAN 100 PEOPLE TO HELP THEM ATTEND. WE PRODUCED A SECOND SEASON OF THE NEWS GUEST PODCAST AND GREW OUR WEEKLY NEWSLETTER TO NEARLY 4,800 MEMBERS.

    Expenses $544,540 · Grants $56,250 · Revenue $195,565

  • MEMBERSHIP EXPERIENCE PROGRAMS (FORMERLY MEMBERSHIP):LION'S MEMBERSHIP GREW ANOTHER 13 PERCENT IN 2022 AND WE ENDED THE YEAR WITH 454 MEMBERS IN THE U.S. AND CANADA. IN DECEMBER 2022, WE CREATED A NEW "MICRO" MEMBERSHIP TIER THAT OFFERS A MORE AFFORDABLE MEMBERSHIP OPTION FOR CURRENT NEWS PUBLISHERS AND ASPIRING NEWS ENTREPRENEURS EARNING LESS THAN $50,000/YEAR. THE 2022 LION LOCAL JOURNALISM AWARDS WAS OUR FIRST IN-PERSON AWARDS SINCE PANDEMIC. LION AWARDED $68,000 IN CASH PRIZES ACROSS 20 WINNERS.

    Expenses $317,165 · Grants $68,000 · Revenue $68,423

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

Listed in Part VII

  • Chris Krewson

    EXECUTIVE DIRECTOR

    Total calculated
    $197,694
    From this org
    $170,646
    From related orgs
    $0
    Other
    $27,048
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,646
    Bonus
    $0
    Other
    $0
    Deferred
    $7,200
    Nontaxable benefits
    $19,848
    Filer's total
    $197,694

  • Anika Anand

    DEPUTY DIRECTOR

    Total calculated
    $147,302
    From this org
    $123,728
    From related orgs
    $0
    Other
    $23,574
    Hours/week
    40

  • Lisa Hunter

    DIRECTOR OF FINANCE & OPERATIONS

    Total calculated
    $143,856
    From this org
    $128,109
    From related orgs
    $0
    Other
    $15,747
    Hours/week
    40

  • Tracie Powell

    CHAIR (UNTIL 10/22)/DIRECTOR

    Total calculated
    $0
    Hours/week
    8

  • Rebekah Monson

    V.CHAIR(TIL 10/22)/CHAIR(AS OF 10/22)

    Total calculated
    $0
    Hours/week
    5

  • Gunita Singh

    DIRECTOR/VICE CHAIR (AS OF 10/22)

    Total calculated
    $0
    Hours/week
    4

  • Alvaro Gurdian

    TREASURER (UNTIL 10/22)/DIRECTOR

    Total calculated
    $0
    Hours/week
    8

  • Jamaal Glenn

    DIRECTOR/TREASURER (AS OF 10/22)

    Total calculated
    $0
    Hours/week
    4

  • Rosemary Hoban

    SECRETARY

    Total calculated
    $0
    Hours/week
    8

  • Jay Allred

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Cierra Hinton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Jiquanda Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Shannon Shaw Duty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dan Hu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Mazin Sidahmed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Anita Li

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Neil Chase

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

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 · Independent compensation consultant
  • 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

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

Provenance

Return type
form_990
Tax year
2022
Filed
17 July 2023
IRS schema version
2022v5.0
Source object
202302089349301700

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

The source document this was parsed from is served over the API, which is where bulk and document access live.