Totals
- Total revenue
- $1,308,006
- Total expenses
- $876,078
- Contributions and grants received
- $1,208,902
- Grants paid
- $0
- Program service revenue
- $68,682
- Investment income
- $30,422
- Other revenue
- $0
- Total assets, end of year
- $3,623,458
- Total liabilities, end of year
- $1,746,876
- Net assets or fund balances, end of year
- $1,876,582
- Program services expenses (Part IX)
- $705,606
- Management and general expenses
- $102,282
- Fundraising expenses
- $68,190
- Program service expenses (Part III)
- $705,606
Program services were 80.5% 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
$1,208,902
-
2a · Program service revenue: Advertising
total $68,182 · related or exempt $68,182
-
2b · Program service revenue: Services
total $500 · related or exempt $500
-
3 · Investment income
total $30,422 · related or exempt $30,422
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $81,000 · program services $60,750 · management and general $12,150 · fundraising $8,100
-
7 · Other salaries and wages
total $419,950 · program services $314,963 · management and general $62,992 · fundraising $41,995
-
9 · Other employee benefits
total $74,640 · program services $55,980 · management and general $11,196 · fundraising $7,464
-
10 · Payroll taxes
total $45,108 · program services $33,831 · management and general $6,766 · fundraising $4,511
-
11c · Fees: accounting
total $10,950 · program services $8,212 · management and general $1,643 · fundraising $1,095
-
12 · Advertising and promotion
total $1,187 · program services $1,187
-
13 · Office expenses
total $7,427 · program services $5,570 · management and general $1,114 · fundraising $743
-
14 · Information technology
total $30,993 · program services $30,993
-
16 · Occupancy
total $20,400 · program services $15,300 · management and general $3,060 · fundraising $2,040
-
17 · Travel
total $8,468 · program services $8,468
-
22 · Depreciation, depletion and amortization
total $1,309 · program services $982 · management and general $196 · fundraising $131
-
23 · Insurance
total $5,696 · program services $4,272 · management and general $854 · fundraising $570
-
24a · Other expenses: Freelance Contributors
total $142,189 · program services $142,189
-
24b · Other expenses: Program Expenses
total $10,560 · program services $10,560
-
24c · Other expenses: Utilities and Internet
total $8,858 · program services $6,643 · management and general $1,329 · fundraising $886
-
24d · Other expenses: Dues and Subscriptions
total $2,401 · program services $1,800 · management and general $360 · fundraising $241
-
24e · All other expenses
total $4,942 · program services $3,906 · management and general $622 · fundraising $414
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $740,628 · end of year $1,110,023
-
3 · Pledges and grants receivable
beginning of year $975,000 · end of year $1,675,000
-
9 · Prepaid expenses and deferred charges
beginning of year $37,670 · end of year $57,782
-
10a · Land, buildings and equipment: cost or other basis
$55,856
-
10b · Land, buildings and equipment: accumulated depreciation
$53,192
-
10c · Land, buildings and equipment, net
beginning of year $1,551 · end of year $2,664
-
11 · Investments: publicly traded securities
beginning of year $609,287 · end of year $716,831
-
15 · Other assets
beginning of year $500 · end of year $61,158
-
17 · Accounts payable and accrued expenses
beginning of year $8,960 · end of year $11,218
-
19 · Deferred revenue
beginning of year $1,002,500 · end of year $1,675,000
-
25 · Other liabilities
beginning of year $0 · end of year $60,658
-
27 · Net assets without donor restrictions
beginning of year $1,353,176 · end of year $1,876,582
Mission and programs · 2023
Mission
To promote the development of professional quality local online journalism.
Activities or mission (Part I)
To promote and encorage the development of professional quality, hyperlocal online journalism.
-
To promote the development of professional quality local online journalism.
Expenses $705,606 · Revenue $99,104
As filed on the 2023 return.
Listed in Part VII
-
Gemma Joseph Lumpkin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Norma Rodriguez-Reyes
President
- Total calculated
- $0
- Hours/week
- 1
-
Michelle Chihara
Director
- Total calculated
- $0
- Hours/week
- 1
-
Paul Bass
Treasurer/Secretary
- Total calculated
- $81,000
- From this org
- $81,000
- From related orgs
- $0
- Other
- $0
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421289349302872
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