Totals
- Total revenue
- $53,039,103
- Total expenses
- $60,966,044
- Contributions and grants received
- $5,007,558
- Grants paid
- $0
- Program service revenue
- $46,249,898
- Investment income
- $44,293
- Other revenue
- $1,737,354
- Total assets, end of year
- $34,073,910
- Total liabilities, end of year
- $18,047,234
- Net assets or fund balances, end of year
- $16,026,676
- Program services expenses (Part IX)
- $58,897,084
- Management and general expenses
- $1,543,240
- Fundraising expenses
- $525,720
- Program service expenses (Part III)
- $58,897,084
Program services were 96.6% 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
$5,007,558
-
2a · Program service revenue: PUBLICATION REVENUE
total $41,736,491 · related or exempt $22,145,169 · unrelated business $19,591,322
-
2b · Program service revenue: PRINTING REVENUE
total $4,513,407 · unrelated business $4,513,407
-
3 · Investment income
total $44,293 · excluded $44,293
-
11a · Other revenue: EARNED INCOME
total $1,513,622 · related or exempt $1,513,622
-
11b · Other revenue: REIMB, OTHER REVENUE
total $223,732 · related or exempt $223,732
-
11e · Other revenue, total
$1,737,354
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $2,064,100 · program services $1,980,409 · management and general $56,892 · fundraising $26,799
-
7 · Other salaries and wages
total $24,539,925 · program services $23,544,933 · management and general $676,379 · fundraising $318,613
-
9 · Other employee benefits
total $5,008,396 · program services $4,805,327 · management and general $138,043 · fundraising $65,026
-
10 · Payroll taxes
total $2,084,263 · program services $1,999,755 · management and general $57,447 · fundraising $27,061
-
11b · Fees: legal
total $969,547 · program services $747,947 · management and general $200,587 · fundraising $21,013
-
11c · Fees: accounting
total $476,332 · program services $367,461 · management and general $98,547 · fundraising $10,324
-
11g · Fees: other
total $388,880 · program services $299,998 · management and general $80,454 · fundraising $8,428
-
12 · Advertising and promotion
total $1,581,167 · program services $1,581,167
-
13 · Office expenses
total $2,980,001 · program services $2,721,879 · management and general $214,597 · fundraising $43,525
-
14 · Information technology
total $1,425,868 · program services $1,425,868
-
16 · Occupancy
total $2,361,872 · program services $2,361,872
-
17 · Travel
total $379,760 · program services $364,362 · management and general $10,467 · fundraising $4,931
-
20 · Interest
total $69,793 · program services $68,375 · management and general $1,418
-
22 · Depreciation, depletion and amortization
total $2,379,314 · program services $2,375,946 · management and general $3,368
-
23 · Insurance
total $289,777 · program services $289,777
-
24a · Other expenses: DELIVERY
total $7,149,343 · program services $7,149,343
-
24b · Other expenses: PRINTING
total $4,877,229 · program services $4,877,229
-
24c · Other expenses: CONSERVATORY STARTUP
total $1,402,969 · program services $1,402,969
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $110,705 · program services $110,705
-
24e · All other expenses
total $426,803 · program services $421,762 · management and general $5,041
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,065,464 · end of year $2,497,609
-
2 · Savings and temporary cash investments
beginning of year $832,121 · end of year $1,203,815
-
4 · Accounts receivable
beginning of year $6,819,877 · end of year $5,795,896
-
7 · Other notes and loans receivable
beginning of year $1,548,493 · end of year $30,000
-
8 · Inventories for sale or use
beginning of year $610,342 · end of year $665,370
-
9 · Prepaid expenses and deferred charges
beginning of year $1,314,821 · end of year $557,287
-
10a · Land, buildings and equipment: cost or other basis
$4,509,370
-
10b · Land, buildings and equipment: accumulated depreciation
$1,056,436
-
10c · Land, buildings and equipment, net
beginning of year $3,058,804 · end of year $3,452,934
-
14 · Intangible assets
beginning of year $14,294,185 · end of year $13,548,760
-
15 · Other assets
beginning of year $6,120,615 · end of year $6,322,239
-
17 · Accounts payable and accrued expenses
beginning of year $1,436,109 · end of year $3,424,865
-
19 · Deferred revenue
beginning of year $161,695 · end of year $292,911
-
24 · Unsecured notes and loans payable
beginning of year $3,550,000 · end of year $2,541,733
-
25 · Other liabilities
beginning of year $10,643,657 · end of year $11,787,725
-
27 · Net assets without donor restrictions
beginning of year $19,873,261 · end of year $14,338,176
-
28 · Net assets with donor restrictions
beginning of year $5,000,000 · end of year $1,688,500
Mission and programs · 2024
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.
-
THE NATIONAL TRUST FOR LOCAL NEWS (NTLN) OWNS AND OPERATES COMMUNITY NEWS ORGANIZATIONS IN SERVICE OF THEIR PUBLIC SERVICE MISSION. OUR 215 JOURNALISTS REACH OVER TWO MILLION MONTHLY READERS IN DOZENS OF SMALL COMMUNITIES ACROSS COLORADO, MAINE, AND GEORGIA. NTLN'S MODEL IS RESPONSIVE TO THE NEEDS OF LOCAL COMMUNITIES, SCALABLE TO EVERY STATE, AND A UNIQUELY SUSTAINABLE WAY TO PROVIDE HIGH-QUALITY LOCAL JOURNALISM WHERE IT IS MOST AT RISK OF DISAPPEARING ALTOGETHER.
Expenses $58,897,084 · Revenue $47,987,252
As filed on the 2024 return.
Listed in Part VII
-
Marc HandMARC HAND
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 10
-
Keith MestrichKEITH MESTRICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Lisa BordersLISA BORDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Danielle BozarthDANIELLE BOZARTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Marcus BrauchliMARCUS BRAUCHLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Simone CoxeSIMONE COXE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Louis GoldsteinLOUIS GOLDSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Mizell StewartMIZELL STEWART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Elizabeth Hansen ShapiroELIZABETH HANSEN SHAPIRO
CEO
- Total calculated
- $386,485
- From this org
- $386,485
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $386,485
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $386,485
-
Cheri MasiCHERI MASI
VP FINANCE
- Total calculated
- $191,705
- From this org
- $168,974
- From related orgs
- $0
- Other
- $22,731
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,974
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $22,731
- Filer's total
- $191,705
-
Phillip R McDuffiePHILLIP R MCDUFFIE
CHIEF PORTFOLIO OFFICER
- Total calculated
- $354,496
- From this org
- $310,000
- From related orgs
- $0
- Other
- $44,496
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $310,000
- Bonus
- $0
- Other
- $0
- Deferred
- $5,683
- Nontaxable benefits
- $38,813
- Filer's total
- $354,496
-
William NelliganWILLIAM NELLIGAN
CHIEF DEVELOPMENT OFFICER
- Total calculated
- $255,741
- From this org
- $230,000
- From related orgs
- $0
- Other
- $25,741
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $230,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $25,741
- Filer's total
- $255,741
-
Caroline RossCAROLINE ROSS
CHIEF OPERATING OFFICER
- Total calculated
- $239,200
- From this org
- $230,000
- From related orgs
- $0
- Other
- $9,200
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $230,000
- Bonus
- $0
- Other
- $0
- Deferred
- $9,200
- Nontaxable benefits
- $0
- Filer's total
- $239,200
-
Orlando E ComasORLANDO E COMAS
HEAD OF ADVERTISING
- Total calculated
- $231,972
- From this org
- $184,028
- From related orgs
- $0
- Other
- $47,944
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $184,028
- Bonus
- $0
- Other
- $0
- Deferred
- $7,000
- Nontaxable benefits
- $40,944
- Filer's total
- $231,972
-
Rodney GibbsRODNEY GIBBS
HEAD OF PRODUCT
- Total calculated
- $193,305
- From this org
- $158,333
- From related orgs
- $0
- Other
- $34,972
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,333
- Bonus
- $0
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $32,472
- Filer's total
- $193,305
-
Amalie NashAMALIE NASH
HEAD OF TRANSFORMATION
- Total calculated
- $211,195
- From this org
- $184,028
- From related orgs
- $0
- Other
- $27,167
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $184,028
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $27,167
- Filer's total
- $211,195
-
Caroline PorterCAROLINE PORTER
DIR, STRATEGIC P'SHIP (THRU 10/4/24)
- Total calculated
- $149,696
- From this org
- $110,308
- From related orgs
- $0
- Other
- $39,388
- Hours/week
- 40
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 · 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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
MAINE TRUST FOR LOCAL NEWS L3C
NEWSPAPER PUBLISHING · ME · income $40,397,454 · assets $23,496,269
Directly controlled by NATIONAL TRUST FOR LOCAL NEWS
-
GEORGIA TRUST FOR LOCAL NEWS LLC
NEWSPAPER PUBLISHING · GA · income $5,497,060 · assets $3,665,701
Directly controlled by NATIONAL TRUST FOR LOCAL NEWS
-
COMMUNITY NEWS INFRASTRUCTURE LLC
NEWSPAPER OPERATIONS SUPPORT · CO · income $596,893 · assets $1,259,114
Directly controlled by NATIONAL TRUST FOR LOCAL NEWS
-
COLORADO TRUST FOR LOCAL NEWS LLC
NEWSPAPER PUBLISHING · CO · income $4,171,207 · assets $1,348,140
Directly controlled by NATIONAL TRUST FOR LOCAL NEWS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 18 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523229349302237
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.