Totals
- Total revenue
- $263,735
- Total expenses
- $322,802
- Contributions and grants received
- $263,735
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $79,108
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $79,108
- Program services expenses (Part IX)
- $287,353
- Management and general expenses
- $17,694
- Fundraising expenses
- $17,755
- Program service expenses (Part III)
- $287,353
Program services were 89.0% 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
$263,735
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $85,200 · program services $85,200
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $203,432 · program services $181,045 · management and general $13,867 · fundraising $8,520
-
12 · Advertising and promotion
total $3,437 · fundraising $3,437
-
13 · Office expenses
total $2,175 · fundraising $2,175
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $25,848 · program services $20,678 · management and general $2,585 · fundraising $2,585
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,160 · management and general $1,160
-
23 · Insurance
total $0
-
24a · Other expenses: BANK CHARGES
total $903 · fundraising $903
-
24b · Other expenses: Printing and Publications
total $368 · program services $368
-
24c · Other expenses: MERCHANT FEES
total $135 · fundraising $135
-
24d · Other expenses: MEALS & ENT
total $82 · management and general $82
-
24e · All other expenses
total $62 · program services $62
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $134,683 · end of year $76,210
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$9,282
-
10b · Land, buildings and equipment: accumulated depreciation
$6,384
-
10c · Land, buildings and equipment, net
beginning of year $4,058 · end of year $2,898
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
25 · Other liabilities
beginning of year $566
-
31 · Retained earnings, endowment or other funds
beginning of year $138,175 · end of year $79,108
Mission and programs · 2024
Mission
The Foundation's mission is to foster independent journalism and provide the general public with access to news, research and information not covered by traditional corporate media outlets. To that end, the Foundation operates AZ Free News (www.azfreenews.com), an online news site that offers reporting, analysis and occasional commentary on a wide array of local news stories in Arizona. Although some national and international news stories are compiled from reputable third party news sources (such as the Wall Street Journal), the site consists primarily of original local news content generated by journalists and analysts commissioned by the Foundation.
-
Independent News: The organization managed its website, azfreenews.com, which is made available free of charge. Website traffic exceeded 750,000 page views for the year. Free newsletter subscriptions also grew to more than 18,000 subscribers. The content of the website is generated by freelance journalists and promoted primarily through social media channels, free email newsletters, and search engines.
Expenses $157,353
-
Investigative Journalism: The organization contracted with three freelance journalists during the year. These journalists wrote 884 original news stories on a wide array of topics related to Arizonamany of which often elude attention from mainstream commercial media outlets. In these stories, readers are provided with the pertinent facts to help them form their own opinions and conclusions.
Expenses $118,000
-
Research: The organization contracts with a Researcher on an ongoing basis. This person is responsible for initiating public records requests and doing other necessary research as needed for the journalists to ensure that they have the proper facts and documents. By performing these duties, the Researcher helps the journalists to be more efficient and focus on telling the stories that the people of Arizona need to hear. In 2024, the Researcher filed multiple public records requests to assist with these stories and assisted with research on dozens of stories and investigative pieces.
Expenses $12,000
As filed on the 2024 return.
Listed in Part VII
-
Eric PorteousERIC PORTEOUS
Executive Dir.
- Total calculated
- $85,200
- From this org
- $85,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
Tom PattersonTOM PATTERSON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Scot MussiSCOT MUSSI
Director
- Total calculated
- $0
- Hours/week
- 1
-
Vicki VaughnVICKI VAUGHN
Director
- Total calculated
- $0
- Hours/week
- 0
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 9 June 2025
- IRS schema version
- 2024v5.1
- Source object
- 202531609349300788
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