Totals
- Total revenue
- $4,625,256
- Total expenses
- $4,646,531
- Contributions and grants received
- $4,576,688
- Grants paid
- $0
- Program service revenue
- $48,568
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $7,897,499
- Total liabilities, end of year
- $76,950
- Net assets or fund balances, end of year
- $7,820,549
- Program services expenses (Part IX)
- $3,078,291
- Management and general expenses
- $931,516
- Fundraising expenses
- $636,724
- Program service expenses (Part III)
- $3,078,291
Program services were 66.2% 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
$4,576,688
-
2a · Program service revenue: PROGRAM REVENUE
total $48,568 · related or exempt $48,568
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $905,383 · program services $339,376 · management and general $382,466 · fundraising $183,541
-
7 · Other salaries and wages
total $2,165,499 · program services $1,817,866 · management and general $162,699 · fundraising $184,934
-
9 · Other employee benefits
total $255,443 · program services $187,898 · management and general $27,504 · fundraising $40,041
-
10 · Payroll taxes
total $231,153 · program services $162,381 · management and general $41,036 · fundraising $27,736
-
11b · Fees: legal
total $30,014 · program services $18,008 · management and general $6,003 · fundraising $6,003
-
11c · Fees: accounting
total $100,701 · management and general $100,701
-
11g · Fees: other
total $520,766 · program services $276,858 · management and general $94,266 · fundraising $149,642
-
12 · Advertising and promotion
total $68,449 · program services $39,933 · management and general $15,840 · fundraising $12,676
-
13 · Office expenses
total $98,865 · program services $79,143 · management and general $12,344 · fundraising $7,378
-
14 · Information technology
total $91,716 · program services $48,775 · management and general $32,827 · fundraising $10,114
-
17 · Travel
total $118,654 · program services $80,285 · management and general $28,331 · fundraising $10,038
-
23 · Insurance
total $18,927 · management and general $18,927
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $34,079 · program services $27,487 · management and general $1,971 · fundraising $4,621
-
24b · Other expenses: FILING FEES
total $6,882 · program services $281 · management and general $6,601
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,765,619 · end of year $6,230,036
-
3 · Pledges and grants receivable
beginning of year $2,382,116 · end of year $1,557,231
-
4 · Accounts receivable
end of year $46,068
-
9 · Prepaid expenses and deferred charges
beginning of year $8,561 · end of year $61,014
-
15 · Other assets
beginning of year $0 · end of year $3,150
-
17 · Accounts payable and accrued expenses
beginning of year $55,605 · end of year $68,279
-
19 · Deferred revenue
beginning of year $258,867 · end of year $8,671
-
27 · Net assets without donor restrictions
beginning of year $2,594,666 · end of year $3,207,775
-
28 · Net assets with donor restrictions
beginning of year $5,247,158 · end of year $4,612,774
Mission and programs · 2023
Mission
CAPITAL B IS A FIRST-OF-ITS-KIND LOCAL AND NATIONAL NONPROFIT NEWS ORGANIZATION REPORTING FOR BLACK COMMUNITIES ACROSS THE COUNTRY. OUR MISSION IS TO COMBAT INEQUALITY AND BUILD MORE INFORMED BLACK COMMUNITIES THROUGH ACCESSIBLE, TRANSPARENT AND EXCEPTIONAL JOURNALISM.
-
CAPITAL B LAUNCHED AN ITS SECOND LOCAL NEWSROOM IN GARY, IN, AND HIRED A GARY EDITOR AND COMMUNITY ENGAGEMENT EDITOR TO CONTINUE EXPANDING THE PROGRAM WORK IN OUR MISSION. THE ATLANTA NEWSROOM MADE A TANGIBLE IMPACT IN THE COMMUNITY WITH OUR FAIRBURN & GORDON REPORTING.
Expenses $1,150,079
-
CAPITAL B EXPANDED THE NATIONAL TEAM WITH THE HIRING OF A NATIONAL EDITOR AND POLITICS REPORTER, AND CONTINUED TO PRODUCE UNIQUE, IMPACTFUL COVERAGE.
Expenses $1,039,041
-
CAPITAL B CONTINUED TO EXPAND OUR AUDIENCE REACH THROUGH AUDIENCE SURVEYS, INCREASING OUR SOCIAL MEDIA REACH, AND HIRING A NEWSLETTER EDITOR TO LEAD OUR NEWSLETTER STRATEGY.
Expenses $889,171 · Revenue $48,568
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lauren WilliamsLAUREN WILLIAMS
PRESIDENT & CEO
- Total calculated
- $276,174
- From this org
- $275,060
- From related orgs
- $0
- Other
- $1,114
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $275,060
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $1,114
- Filer's total
- $276,174
-
Akoto Ofori-AttaAKOTO OFORI-ATTA
TREASURER/SECRETARY/CAO
- Total calculated
- $252,957
- From this org
- $222,361
- From related orgs
- $0
- Other
- $30,596
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $222,361
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $30,596
- Filer's total
- $252,957
-
Maurisse JohnsonMAURISSE JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarabeth BermanSARABETH BERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marsha CookeMARSHA COOKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt ThompsonMATT THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gillian WhiteGILLIAN WHITE
CHIEF REVENUE OFFICER OF REVENUE & PLANNING
- Total calculated
- $241,528
- From this org
- $212,755
- From related orgs
- $0
- Other
- $28,773
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $212,755
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $28,773
- Filer's total
- $241,528
-
Simone SebastianSIMONE SEBASTIAN
EDITORIAL DIRECTOR
- Total calculated
- $175,809
- From this org
- $164,814
- From related orgs
- $0
- Other
- $10,995
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,814
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $10,995
- Filer's total
- $175,809
-
Michelle WilliamsMICHELLE WILLIAMS
GROWTH & PARTNERSHIPS DIRE
- Total calculated
- $142,660
- From this org
- $134,724
- From related orgs
- $0
- Other
- $7,936
- Hours/week
- 40
-
Charity ScottCHARITY SCOTT
AUDIENCE DEVELOPMENT EDITOR
- Total calculated
- $131,090
- From this org
- $120,755
- From related orgs
- $0
- Other
- $10,335
- Hours/week
- 40
-
Dalila PaulDALILA PAUL
NATIONAL EDITOR
- Total calculated
- $133,881
- From this org
- $126,447
- From related orgs
- $0
- Other
- $7,434
- Hours/week
- 40
-
Christina CarregaCHRISTINA CARREGA
NATIONAL CRIMINAL JUSTICE REPORTER
- Total calculated
- $117,458
- From this org
- $108,828
- From related orgs
- $0
- Other
- $8,630
- 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 · 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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442639349300029
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