Connecticut News Project Inc
- Assets
- $2.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 27
- Location
- Hartford, CT
- Founding
- 06/2010
- Data as of
- 12/2021
- EIN
- 27-0583046
Organization Overview
Connecticut News Project Inc is located in Hartford, CT. The organization was established in 2010. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Connecticut News Project Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut News Project Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Connecticut News Project Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 9.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO PRODUCE ORIGINAL, IN-DEPTH, NONPARTISAN JOURNALISM THAT INFORMS CONNECTICUT RESIDENTS ABOUT THE IMPACT OF PUBLIC POLICY, HOLDS GOVERNMENT ACCOUNTABLE, AND AMPLIFIES DIVERSE VOICES AND PERSPECTIVES.
Describe the Organization's Program Activity:
PROVIDED COMPREHENSIVE AND UNBIASED REPORTING OF CONNECTICUT LEGISLATIVE SESSION AND STATE GOVERNMENT DURING 2021.
PROVIDED RELIABLE AND ORIGINAL ONLINE JOURNALISM ON TOPICS OF INTEREST TO CT RESIDENTS.
PROVIDED INFORMATION TO HELP RESIDENTS DEVELOP A DEEPER UNDERSTANDING OF THE IMPACT OF PUBLIC POLICY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Putterman Chief Executive Officer | Officer | 40 | $134,434 |
Jeannette Dejesus Director, Chair | OfficerTrustee | 3 | $0 |
Shelley Geballe Director, Secretary | OfficerTrustee | 3 | $0 |
Bilal Dabir Sekou Director, Treasurer, Vice-Chair | OfficerTrustee | 3 | $0 |
Dudley Williams Jr Director, Vice-Chair | OfficerTrustee | 3 | $0 |
Joy Haenlein Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $157,322 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,745,159 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,902,481 |
| Total Program Service Revenue | $65,907 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$57 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,149,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $135,001 |
| Compensation of current officers, directors, key employees. | $47,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,078,628 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $125,505 |
| Payroll taxes | $97,390 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,206 |
| Fees for services: Accounting | $51,499 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $93,265 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,100 |
| Travel | $14,524 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,513 |
| Insurance | $12,301 |
| All other expenses | $8,812 |
| Total functional expenses | $1,758,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,874,238 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $145,025 |
| Accounts receivable, net | $30,902 |
| 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 | $16,050 |
| Net Land, buildings, and equipment | $59,481 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,018 |
| Total assets | $2,137,714 |
| Accounts payable and accrued expenses | $18,160 |
| Grants payable | $0 |
| Deferred revenue | $8,400 |
| 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 | $0 |
| Total liabilities | $26,560 |
| Net assets without donor restrictions | $1,589,208 |
| Net assets with donor restrictions | $521,946 |
| 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 | $2,137,714 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Connecticut News Project Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Newcity Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wxxi Public Broadcasting Council Rochester, NY | $26,835,003 | $14,361,773 |
Western New York Public Broadcasting Association Buffalo, NY | $20,445,081 | $15,235,511 |
Geopath New York, NY | $2,097,357 | $11,766,480 |
Public Media Nj Inc New York, NY | $13,143,046 | $9,787,571 |
Wmht Educational Telecommunications Inc Troy, NY | $24,630,036 | $10,052,137 |
Democracy Now Productions Inc New York, NY | $36,977,400 | $9,199,755 |
Public Broadcasting Council Of Central New York Inc Old Liverpool Syracuse, NY | $17,299,983 | $6,896,548 |
Jta-Mjl New Corp New York, NY | $4,638,573 | $7,369,921 |
Markup News Inc New York, NY | $7,207,134 | $6,862,028 |
Forward Assoc Inc New York, NY | $1,778,782 | $4,957,225 |
Queens Public Communications Corporation Flushing, NY | $19,316,266 | $6,693,975 |
Wskg Public Telecommunications Council Vestal, NY | $6,035,773 | $6,220,212 |