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Nonprofiteer
← RECORD COMMUNITY NEWS GROUP

Form 990-EZ for tax year 2022

Filed by RECORD COMMUNITY NEWS GROUP.

Totals

Total revenue
$125,000
Total expenses
$116,978
Contributions and grants received
$61,840
Grants paid
not reported
Program service revenue
$63,160
Membership dues (line 3)
not reported
Investment income (line 4)
not reported
Gain or loss on sale of assets (line 5c)
not reported
Gaming and fundraising events, net (line 6d)
not reported
Gross profit on inventory sales (line 7c)
not reported
Other revenue (line 8)
not reported
Total assets, end of year
$12,344
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
$12,344
Program service expenses (Part III)
$45,248

Program services were 38.7% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2022

Primary exempt purpose

As its primary and most fundamental activity, The Record Community News henceforth The Record produces, publishes and distributes hyperlocal, independent news and information via a news site, emailed newsletter and audio recordings or podcasts. The Record reports information that is educational to the residents of the North Shore of Chicago - a suburban area north of the city limits and along Lake Michigan's shoreline - and operates in a manner consistent with tax-exempt status under section 501c3.

  • The Record publishes content that educates the public on subjects useful to the individual and beneficial to the community, as the Treasury Regulations stipulate. This work, which as of now takes up 75 percent of The Record's funding and resources, contributes to the public's knowledge on core issues and information that affect their day-to-day lives and their financial and emotional investments. The Record's work creates a more engaged and informed public. The Record covers a diverse range of topics that is relevant to suburban Chicago residents, such as local and regional government, local schools, public health and safety, local athletics and entertainment, business, environment and other local issues. The Record focuses on holding public entities accountable and informs residents of the town's and schools' uses of public dollars. The Record employs a dedicated editorial staff with an understanding of the community that follows and investigates local issues to produce original reporting. All of The Record's journalism undergoes professional scrutiny and fact-checking prior to publication. The Record's editorial standards cover balance, literary quality, originality, sourcing strength, contextualization and more. The implementation of these standards are overseen by the Editor in Chief. The Record's Board of Directors ensures The Record maintains its editorial standards, but does not modify the journalistic integrity of the Editor in Chief, a crucial protection of independent journalism and a distinction from how for-profit news organizations operate.

    Expenses $45,248

As filed on the 2022 return.

Listed in Part IV

  • Joseph Coughlin

    Treasurer

    Total calculated
    $71,466
    Compensation
    $71,466
    Benefit plans
    not reported
    Expense account
    not reported
    Hours/week
    40
  • Jennifer Gordon

    President

    Total calculated
    $0
    Compensation
    $0
    Benefit plans
    not reported
    Expense account
    not reported
    Hours/week
    1.25
  • John Jenks

    Vice President

    Total calculated
    $0
    Compensation
    $0
    Benefit plans
    not reported
    Expense account
    not reported
    Hours/week
    1.25
  • Fouad Egbaria

    Director

    Total calculated
    $0
    Compensation
    $0
    Benefit plans
    not reported
    Expense account
    not reported
    Hours/week
    1.25
  • JA Adande

    Secretary

    Total calculated
    $0
    Compensation
    $0
    Benefit plans
    not reported
    Expense account
    not reported
    Hours/week
    1.25

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990_ez
Tax year
2022
Filed
8 May 2023
IRS schema version
2022v5.0
Source object
202341289349202624

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