Totals
- Total revenue
- $56,504
- Total expenses
- $29,771
- Contributions and grants received
- $48,592
- Grants paid
- $0
- Program service revenue
- $7,912
- Membership dues (line 3)
- $0
- Investment income (line 4)
- $0
- Gain or loss on sale of assets (line 5c)
- $0
- Gaming and fundraising events, net (line 6d)
- $0
- Gross profit on inventory sales (line 7c)
- $0
- Other revenue (line 8)
- $0
- Total assets, end of year
- $43,102
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $43,102
- Program service expenses (Part III)
- $29,771
Program services were 100.0% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2024
Primary exempt purpose
Peaks Island News publishes a hyperlocal, bimonthly newspaper covering Peaks Island, ME and events in Portland, ME that effect islanders.
-
Publish 7 issues of Peaks Island News, averaging 4,000 copies of each issue distributed across Peaks Island and parts of Portland, Maine. A website was created and newspapers were also published online reaching 1000s of additional people.
Expenses $24,619 · Grants $10,000
-
The Board of Directors committed the newspaper to independent, investigative journalism and freedom of the press. They supported the decision by securing insurance to protect the board and journalists against libel lawsuits.
Expenses $3,145
-
The BOD adopted a financial model that expanded donation income since advertising income was insufficient to support the newspaper. A letter was sent to islanders soliciting donations.
Expenses $2,007
As filed on the 2024 return.
Listed in Part IV
-
Scott Dolan
BOD President / Clerk
- Total calculated
- $0
- Hours/week
- 18
-
Stacey Kors
BOD Vice President / Copy Editor
- Total calculated
- $0
- Hours/week
- 5
-
Susan Hanley
BOD Treasurer
- Total calculated
- $0
- Hours/week
- 8
-
Rhonda Berg
Director / Ad Sales Rep
- Total calculated
- $0
- Hours/week
- 4
-
Bridget Joyce
Secretary
- Total calculated
- $0
- Hours/week
- 4
-
Ross Sneyd
Director / Editor
- Total calculated
- $0
- Hours/week
- 20
-
Cecelia Bohan
Director / Photo editor
- Total calculated
- $0
- Hours/week
- 4
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
- 2024
- Filed
- 8 October 2025
- IRS schema version
- 2024v5.0
- Source object
- 202522809349201332
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