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Nonprofiteer
← CAPITAL OF TEXAS MEDIA FOUNDATION

Form 990 for tax year 2023

Filed by CAPITAL OF TEXAS MEDIA FOUNDATION.

Totals

Total revenue
$513,329
Total expenses
$464,424
Contributions and grants received
$401,437
Grants paid
$0
Program service revenue
$83,380
Investment income
$0
Other revenue
$28,512
Total assets, end of year
$100,937
Total liabilities, end of year
$38,790
Net assets or fund balances, end of year
$62,147
Program services expenses (Part IX)
$364,913
Management and general expenses
$99,248
Fundraising expenses
$263
Program service expenses (Part III)
$364,913

Program services were 78.6% 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

    $401,437

  • 2a · Program service revenue: MEMBERSHIP FEES

    total $83,380 · related or exempt $83,380

  • 11a · Other revenue: OTHER INCOME

    total $25,000 · related or exempt $25,000

  • 11b · Other revenue: MERCHANT FEE INCOME

    total $3,512 · related or exempt $3,512

  • 11e · Other revenue, total

    $28,512

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $111,000 · program services $111,000

  • 7 · Other salaries and wages

    total $91,211 · program services $91,211

  • 9 · Other employee benefits

    total $9,017 · program services $9,017

  • 10 · Payroll taxes

    total $15,304 · program services $15,304

  • 11a · Fees: management

    total $7,200 · management and general $7,200

  • 11c · Fees: accounting

    total $22,800 · management and general $22,800

  • 11g · Fees: other

    total $183,849 · program services $130,924 · management and general $52,925

  • 13 · Office expenses

    total $7,647 · program services $6,943 · management and general $641 · fundraising $63

  • 23 · Insurance

    total $10,181 · management and general $10,181

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $5,501 · management and general $5,501

  • 24b · Other expenses: EVENT EXPENSES

    total $514 · program services $514

  • 24c · Other expenses: MEMBERSHIP FEES

    total $200 · fundraising $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,073 · end of year $54,801

  • 4 · Accounts receivable

    beginning of year $18,182 · end of year $14,499

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,736 · end of year $7,637

  • 14 · Intangible assets

    beginning of year $24,000 · end of year $24,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,750 · end of year $35,690

  • 19 · Deferred revenue

    beginning of year $1,000 · end of year $1,000

  • 22 · Loans and payables to officers and key people

    beginning of year $35,599 · end of year $0

  • 25 · Other liabilities

    beginning of year $8,400 · end of year $2,100

  • 27 · Net assets without donor restrictions

    beginning of year $13,242 · end of year $62,147

Mission and programs · 2023

Mission

THE ORGANIZATION WAS FORMED TO PROMOTE PUBLIC UNDERSTANDING OF, AND ENGAGEMENT IN, LOCAL PUBLIC AND GOVERNMENTAL ISSUES. THE COMMUNITY SERVED WILL BE THE CENTRAL TEXAS COMMUNITY IN AND AROUND AUSTIN, TRAVIS COUNTY, TEXAS. THE ORGANIZATION INTENDS ON ACCOMPLISHING ITS MISSION THROUGH (1) FREE AND OPEN-TO-THE PUBLIC EVENTS AND FORUMS INTENDED TO EDUCATE AND ENGAGE THE COMMUNITY CONCERNING STATE AND LOCAL ISSUES, (2) PARTNERSHIPS WITH OTHER NONPROFIT ORGANIZATIONS THAT ALOS HAVE MISSIONS TO ENGAGE AND INFORM, AND (3) THE ONLINE DISSEMINATION OF NEWS AND DATA CONCERNING LOCAL GOVERNMENT AND CIVIC ISSUES, INCLUDING DATA OBTAINED THROUGH OPEN RECORDS/FREEDOM OF INFORMATION REQUESTS.

Activities or mission (Part I)

THE ORGANIZATION WAS FORMED TO PROMOTE PUBLIC UNDERSTANDING OF, AND ENGAGEMENT IN, LOCAL PUBLIC AND GOVERNMENTAL ISSUES. THE COMMUNITY SERVED IS THE CENTRAL TEXAS COMMUNITY IN AND AROUND AUSTIN, TRAVIS COUNTY, TEXAS. THE ORGANIZATION INTENDS ON ACCOMPLISHING ITS MISSION THROUGH (1) FREE AND OPEN-TO-THE PUBLIC EVENTS AND FORUMS INTENDED TO EDUCATE AND ENGAGE THE COMMUNITY CONCERNING STATE AND LOCAL ISSUES, (2) PARTNERSHIPS WITH OTHER NONPROFIT ORGANIZATIONS THAT ALSO HAVE MISSIONS TO ENGAGE AND INFORM, AND (3) THE ONLINE DISSEMINATION OF NEWS AND DATA CONCERNING LOCAL GOVERNMENT AND CIVIC ISSUES, INCLUDING DATA OBTAINED THROUGH OPEN RECORDS/FREEDOM OF INFORMATION REQUESTS.

  • PRODUCED REGULAR, UNBIASED NEWS COVERAGE FOR PUBLIC CONSUMPTION, PUBLISHING CONTENT FIVE DAYS A WEEK. OFFERED TWICE-DAILY EMAIL UPDATES OF IMPORTANT NEWS EVENTS AIMED AT INCREASING CIVIC ENGAGEMENT, HOSTED SIX FORUMS FEATURING ALL OF THE CANDIDATES SEEKING CITY COUNCIL OFFICE. ALL EVENTS WERE FREE AND OPEN TO THE PUBLIC. IN ADDITION, FORUMS WERE LIVE-STREAMED (ALSO FREE) AND BOTH EVENTS SOUGHT AND INCORPORATED PUBLIC INPUT. PRODUCED WEEKLY RADIO PROGRAMS FOR KOOP RADIO BROADCAST AND PODCAST, COVERING LOCAL ELECTIONS, POLITICS AND KEY CIVIC ISSUES. MADE REGULAR APPEARANCES ON KUT EXPANDING ON COVERAGE FOUND IN THE MONITOR.

    Expenses $364,913 · Revenue $111,892

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ASHLEY AMINI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAN AUSTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREW BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FRANCISCO ENRIQUEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATT ESBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAN GRAHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE KANIN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • AMBASSADOR LYNDON OLSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GRACE FISHER RENBARGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEX SCHOENBAUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • IRFAN SYED

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TYSON TUTTLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOEL GROSS

    CEO

    Total calculated
    $111,000
    From this org
    $111,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • BARBARA DANIELS

    CFO

    Total calculated
    $0
    Hours/week
    5

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • NOTLEY FOUNDATION

    501(C)(3) · SOCIAL IMPACT INVESTING · TX

  • NOTLEY IMPACT

    501(C)(3) · EDUCATIONAL AND CHARITABLE PURPOSE TO ACCELERATE SOCIAL IMPACT & INNOVATION · TX

    Directly controlled by NOTLEY FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202443179349302919

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