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Nonprofiteer
← CURRENT MEDIA INC

Form 990 for tax year 2022

Filed by CURRENT MEDIA INC.

Totals

Total revenue
$289,786
Total expenses
$231,332
Contributions and grants received
$249,981
Grants paid
$0
Program service revenue
$39,805
Investment income
$0
Other revenue
$0
Total assets, end of year
$176,919
Total liabilities, end of year
$10,337
Net assets or fund balances, end of year
$166,582
Program services expenses (Part IX)
$186,647
Management and general expenses
$44,685
Fundraising expenses
$0
Program service expenses (Part III)
$186,647

Program services were 80.7% 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

    $249,981

  • 2a · Program service revenue: ADVERTISING SALES

    total $9,550 · unrelated business $9,550

  • 2b · Program service revenue: UNDERCURRENT AWARDS

    total $30,255 · related or exempt $30,255

  • 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 $47,625 · program services $11,906 · management and general $35,719

  • 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 $3,665 · program services $916 · management and general $2,749

  • 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 $12,225 · program services $12,225

  • 12 · Advertising and promotion

    total $2,956 · program services $2,956

  • 13 · Office expenses

    total $7,618 · program services $3,809 · management and general $3,809

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $9,135 · program services $9,135

  • 17 · Travel

    total $1,197 · program services $1,197

  • 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 $0

  • 23 · Insurance

    total $4,816 · program services $2,408 · management and general $2,408

  • 24a · Other expenses: CONTRACTORS/WRITERS

    total $107,627 · program services $107,627

  • 24b · Other expenses: SUPPLIES

    total $13,605 · program services $13,605

  • 24c · Other expenses: CREDIT CARD FEES

    total $6,174 · program services $6,174

  • 24d · Other expenses: WEBSITE

    total $4,026 · program services $4,026

  • 24e · All other expenses

    total $10,663 · program services $10,663

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $119,540 · end of year $176,919

  • 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

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 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

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,512 · end of year $1,437

  • 25 · Other liabilities

    beginning of year $8,900 · end of year $8,900

  • 31 · Retained earnings, endowment or other funds

    beginning of year $108,128 · end of year $166,582

Mission and programs · 2022

Mission

THE CURRENT MEDIA WAS CREATED BY EXPERIENCED JOURNALISTS TO ADDRESS A SHORTFALL OF IN-DEPTH, THOUGHTFUL JOURNALISM IN THIS AREA. FURTHER, LAFAYETTE AND THE BROADER ACADIANA REGION LACK LOCAL OWNERSHIP AMONG ITS MEDIA ORGANIZATIONS. VIRTUALLY ALL OF THE PUBLISHERS AND UNDERCURRENT AWARDS HONOR 'WAVEMAKERS' WHO HELP MOVE THE LAFAYETTE COMMUNITY FORWARD AND DEMONSTRATE SELFLESSNESS, CREATIVITY AND A VISION FOR A BETTER LAFAYETTE.

  • PUBLISHING HIGH QUALITY, IN DEPTH JOURNALISM ONLINE AND VIA EMAIL

    Expenses $186,647

As filed on the 2022 return.

Listed in Part VII

  • Christiaan Mader

    Director

    Total calculated
    $47,625
    From this org
    $47,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Deiadra Garrett

    Director

    Total calculated
    $0
    Hours/week
    0
  • Andre Alfred

    Chairman

    Total calculated
    $0
    Hours/week
    0
  • David Begnaud

    Director

    Total calculated
    $0
    Hours/week
    0
  • Carlee Alm-Labar

    Director

    Total calculated
    $0
    Hours/week
    0
  • Angie Holan

    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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349306410

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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