News Media Alliance
- Assets
- $22.2m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 39
- Location
- Arlington, VA
- Founding
- 11/1943
- Data as of
- 12/2022
- EIN
- 13-0433220
Organization Overview
News Media Alliance is located in Arlington, VA. The organization was established in 1943. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, News Media Alliance employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. News Media Alliance is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, News Media Alliance generated $12.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $8.9m during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO REPRESENT NEARLY 2,000 NEWS MEDIA ORGS. AND THEIR MULTI-MEDIA PLATFORM BUSINESSES IN THE US.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIGITAL AND LEGAL - THIS DEPARTMENT MONITORS THE DIGITAL NEWS AND MEDIA ENVIRONMENTS (MARKETS, PARTICIPANTS, TECHNOLOGIES, LAWS, ETC.) AND DEVELOPS STRATEGIES WITH OUR MEMBERS TO HELP THEM REMAIN COMPETITIVE AND SECURE MORE EQUITABLE COMPENSATION FOR THEIR CONTENT.
PUBLIC POLICY/STRATEGIC INITIATIVES - TO EXPLAIN, CLARIFY AND COMMUNICATE INDUSTRY VIEWS AND INTERESTS TO THE FEDERAL GOVERNMENT AND TO THIRD-PARTY STANDARDS AND MEASUREMENT BODIES.
COMMUNICATIONS - COMMUNICATE THE VITALITY OF NEWS AND MEDIA PUBLISHERS TO EXTERNAL CONSTITUENCIES INCLUDING THE ADVERTISING COMMUNITY, WALL STREET AND THE NEWS AND MEDIA AUDIENCES. DRIVE INFORMED COVERAGE OF THE NEWS AND MEDIA PUBLISHING INDUSTRY USING A PROACTIVE ADVOCACY BASED APPROACH TO ENHANCING PERCEPTIONS OF VALUE OF THE MEDIUM AND ITS PLATFORMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maribel Wadsworth Chair | OfficerTrustee | 1 | $0 |
Debby Krenek Vice-Chair | OfficerTrustee | 1 | $0 |
Michael Riggs Treasurer | OfficerTrustee | 1 | $0 |
Rebeca Grossman-Cohen Secretary | OfficerTrustee | 1 | $0 |
Chris Argentieri Member | Trustee | 1 | $0 |
Mark Adams Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Office Of Juleanna Glover Consulting | 12/30/22 | $418,632 |
Invariant Llc Consulting | 12/30/22 | $360,000 |
Williams & Jensen Pllc Consulting | 12/30/22 | $315,000 |
Lek Consulting Consulting | 12/30/22 | $250,000 |
Rsm Us Llp Finance And Accounting | 12/30/22 | $190,718 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,510,761 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,510,761 |
| Total Program Service Revenue | $6,459,384 |
| Investment income | $374,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $86,772 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,451,597 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,250 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,327,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $487,688 |
| Pension plan accruals and contributions | $205,145 |
| Other employee benefits | $153,246 |
| Payroll taxes | $279,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,215,887 |
| Fees for services: Accounting | $46,880 |
| Fees for services: Lobbying | $829,551 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,155 |
| Fees for services: Other | $1,732,521 |
| Advertising and promotion | $83,272 |
| Office expenses | $69,514 |
| Information technology | $85,340 |
| Royalties | $0 |
| Occupancy | $483,287 |
| Travel | $76,010 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,972 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,335 |
| Insurance | $155,374 |
| All other expenses | $105,980 |
| Total functional expenses | $8,898,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16 |
| Savings and temporary cash investments | $974,676 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $848,870 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $112,490 |
| Net Land, buildings, and equipment | $486,944 |
| Investments—publicly traded securities | $18,224,876 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,598,236 |
| Total assets | $22,246,108 |
| Accounts payable and accrued expenses | $427,063 |
| Grants payable | $0 |
| Deferred revenue | $193,495 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,432,435 |
| Total liabilities | $3,052,993 |
| Net assets without donor restrictions | $19,193,115 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $22,246,108 |