Totals
- Total revenue
- $298,634
- Total expenses
- $235,457
- Contributions and grants received
- $218,016
- Grants paid
- $0
- Program service revenue
- $80,608
- Investment income
- $10
- Other revenue
- $0
- Total assets, end of year
- $109,431
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $109,431
- Program services expenses (Part IX)
- $136,118
- Management and general expenses
- $64,648
- Fundraising expenses
- $34,691
- Program service expenses (Part III)
- $136,118
Program services were 57.8% 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
$218,016
-
2a · Program service revenue: Subscriptions
total $80,608 · related or exempt $80,608
-
3 · Investment income
total $10 · related or exempt $10
-
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 $86,961 · program services $34,784 · management and general $30,437 · fundraising $21,740
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $68,671 · program services $68,671
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $12,329 · program services $8,243 · management and general $2,384 · fundraising $1,702
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $400 · management and general $400
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $23,420 · program services $23,420
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $1,636 · management and general $1,636
-
14 · Information technology
total $13,226 · management and general $13,226
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,980 · management and general $1,980
-
17 · Travel
total $0
-
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 $9,327 · management and general $9,327
-
24a · Other expenses: Bank and Credit Card Fees
total $8,195 · fundraising $8,195
-
24b · Other expenses: Dues and Subscriptions
total $3,194 · management and general $3,194
-
24c · Other expenses: Event Expenses
total $3,054 · fundraising $3,054
-
24d · Other expenses: Meals & Entertainment
total $2,015 · management and general $2,015
-
24e · All other expenses
total $1,049 · program services $1,000 · management and general $49
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $46,254 · end of year $64,422
-
2 · Savings and temporary cash investments
end of year $45,009
-
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
-
27 · Net assets without donor restrictions
beginning of year $46,254 · end of year $109,431
Mission and programs · 2024
Mission
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 $136,118 · Revenue $298,624
As filed on the 2024 return.
Listed in Part VII
-
Joseph Coughlin
Treasurer
- Total calculated
- $86,961
- From this org
- $86,961
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 40 related
-
Jennifer Gordon
Secretary
- Total calculated
- $0
- Hours/week
- 1.25
-
John Jenks
Director
- Total calculated
- $0
- Hours/week
- 1.25
-
Fouad Egbaria
Vice President
- Total calculated
- $0
- Hours/week
- 1.25
-
JA Adande
President
- Total calculated
- $0
- Hours/week
- 1.25
-
George Rafeedie
Director
- Total calculated
- $0
- Hours/week
- 1.25
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
- 2024
- Filed
- 12 June 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541639349301049
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