Local Independent Online News Publishers Inc
- Assets
- $3.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 12
- Location
- Wilmington, DE
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 46-0781654
Organization Overview
Local Independent Online News Publishers Inc is located in Wilmington, DE. The organization was established in 2019. 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 12/2021, Local Independent Online News Publishers Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local Independent Online News Publishers 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, Local Independent Online News Publishers Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 49.2% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Local Independent Online News Publishers Inc has awarded 16 individual grants totaling $388,984. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LION PROVIDES TEACHING, RESOURCES AND COMMUNITY TO INDEPENDENT NEWS ENTREPRENEURS AS THEY BUILD AND DEVELOP SUSTAINABLE BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDUSTRY STRENGTHENING: IN PARTNERSHIP WITH THE GOOGLE NEWS INITIATIVE, WE WROTE THE GNI STARTUPS PLAYBOOK AS A LAUNCHING POINT FOR ASPIRING NEWS FOUNDERS WHO WANT TO TEST A BUSINESS IDEA. THE PLAYBOOK IS AVAILABLE IN BOTH ENGLISH AND SPANISH, AND HAD ALMOST 7,000 VIEWS IN THE FIRST SIX MONTHS. LION INCREASED THE REACH OF OUR WEEKLY NEWSLETTER TO 3,840 AND CREATED A NEWS ENTREPRENEUR COMMUNITY ON SLACK THAT EXCEEDED 700 MEMBERS. WE LAUNCHED NEWS GUEST, A PODCAST TO SPOTLIGHT INDEPENDENT PUBLISHERS WHO ARE BUILDING SUSTAINABLE NEWS BUSINESSES; THE FIRST SEASON RECEIVED OVER 2,000 PLAYS. FINALLY, THROUGH OUR COLLABORATION WITH PROJECT OASIS, WE PUBLISHED LONG-AWAITED RESEARCH ON THE STATE OF INDEPENDENT LOCAL NEWS IN NORTH AMERICA AND LAUNCHED A SEARCHABLE DATABASE OF MORE THAN 700 INDEPENDENT LOCAL NEWS BUSINESSES IN THE U.S. AND CANADA.
MEMBERSHIP: WE GREW OUR MEMBERSHIP COMMUNITY BY 25% TO A TOTAL OF 424. WE INTRODUCED NEW MEMBER BENEFITS INCLUDING ACCESS TO MEDIA LIABILITY INSURANCE AND PRO BONO LEGAL SUPPORT, WHILE PILOTING NEW ONES, INCLUDING FREE REVENUE COACHING SESSIONS. WE HELD OUR THIRD ANNUAL LION LOCAL JOURNALISM AWARDS HONORING THE BEST INDEPENDENT ONLINE MEDIA ACROSS THE U.S. AND CANADA, ADDING NEW CATEGORIES TO HIGHLIGHT THE WORK OUR MEMBERS HAVE DONE TO PUT THEIR BUSINESSES ON THE PATH TO SUSTAINABILITY. WE HAD A 43% INCREASE IN ENTRIES FROM THE PREVIOUS YEAR, AND 25 WINNERS ACROSS 15 CATEGORIES.
NEWS BUSINESS PROGRAMMING: LION GRADUATED A SECOND COHORT OF ASPIRING ENTREPRENEURS FROM THE GOOGLE NEWS INITIATIVE STARTUPS BOOT CAMP, WHO LAUNCHED 23 NEWS BUSINESSES ACROSS THE U.S. WE PARTNERED WITH NEWS CATALYST TO DESIGN AND LAUNCH THE TINY NEWS COLLECTIVE AND PROVIDED TOOLS, TRAINING, AND ADMINISTRATIVE SUPPORT TO THE FIRST COHORT OF 6 LOCAL NEWS PUBLISHERS. LION LAUNCHED THE GOOGLE NEWS INITIATIVE STARTUPS LAB, WHICH SUPPORTED 10 NEWS BUSINESSES WITH A TOTAL OF $350,000 TO TEST IDEAS TO STRENGTHEN THEIR OPERATIONS, FINANCES AND IMPACT. WE ALSO LAUNCHED THE META-LION REVENUE GROWTH FELLOWSHIP, A TWO-YEAR PROGRAM THAT PROVIDES 12 LION MEMBER ORGANIZATIONS WITH A TOTAL OF $1M IN FUNDING TO BRING ON A NEW HIRE TO FOCUS ON REVENUE GENERATION. WE ALSO PILOTED AND ITERATED ON THE SUSTAINABILITY AUDIT, A FRAMEWORK FOR IDENTIFYING STRENGTHS AND OPPORTUNITIES FOR GROWTH IN OPERATIONAL RESILIENCE, FINANCIAL HEALTH, AND JOURNALISTIC IMPACT; WE PROVIDED AUDITS FOR 50 LION MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Krewson Executive Director | Officer | 40 | $165,918 |
Anika Anand Deputy Director | 40 | $110,810 | |
Tracie Powell Vice Chair (until 10/21), Chair (as Of 10/21) | OfficerTrustee | 8 | $0 |
Jay Allred Chair (until 10/2021) | OfficerTrustee | 10 | $0 |
Rosemary Hoban Secretary | OfficerTrustee | 8 | $0 |
Alvaro Gurdian Treasurer | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,758 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,053,742 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,124,500 |
| Total Program Service Revenue | $1,149,279 |
| Investment income | $656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,274,435 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $509,469 |
| Grants and other assistance to domestic individuals. | $20,958 |
| Grants and other assistance to Foreign Orgs/Individuals | $70,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $190,817 |
| Compensation of current officers, directors, key employees. | $47,704 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $612,455 |
| Pension plan accruals and contributions | $17,912 |
| Other employee benefits | $54,606 |
| Payroll taxes | $64,981 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $69,806 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,377 |
| Advertising and promotion | $45,075 |
| Office expenses | $18,027 |
| Information technology | $21,310 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,689 |
| 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 | $0 |
| Insurance | $5,937 |
| All other expenses | $0 |
| Total functional expenses | $2,125,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,101,325 |
| Savings and temporary cash investments | $250,483 |
| Pledges and grants receivable | $450,000 |
| Accounts receivable, net | $254,511 |
| 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 | $5,175 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,061,494 |
| Accounts payable and accrued expenses | $209,812 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $209,812 |
| Net assets without donor restrictions | $1,179,514 |
| Net assets with donor restrictions | $1,672,168 |
| 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 | $3,061,494 |
Grants Awarded
Over the last fiscal year, Local Independent Online News Publishers Inc has awarded $388,984 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
SANTA CRUZ LOCAL LLC PURPOSE: PARTICIPATION IN GNI STARTUPS LAB, PARTICIPATION IN GNI PITCHFEST, 2021 LOCAL JOURNALISM AWARDS | $37,500 |
San Jose, CA PURPOSE: PARTICIPATION IN GNI STARTUPS LAB, PARTICIPATION IN GNI PITCHFEST | $36,500 |
Chicago, IL PURPOSE: PARTICIPATION IN GNI STARTUPS LAB, PARTICIPATION IN GNI PITCHFEST | $36,500 |
Wausau, WI PURPOSE: PARTICIPATION IN GNI STARTUPS LAB, PARTICIPATION IN GNI PITCHFEST | $36,250 |
Lakeland, FL PURPOSE: PARTICIPATION IN GNI STARTUPS LAB, PARTICIPATION IN GNI LIGHTNING ROUND | $36,000 |
DAVITT PUBLISHING PURPOSE: PARTICIPATION IN GNI STARTUPS LAB, PARTICIPATION IN GNI LIGHTNING ROUND | $35,400 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Local Independent Online News Publishers Inc has recieved totaling $10.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Black Journalists College Park, MD | $7,758,303 | $4,417,067 |
Local Independent Online News Publishers Inc Wilmington, DE | $3,061,494 | $2,274,435 |
Global Investigative Journalism Network Silver Spring, MD | $3,169,029 | $1,897,351 |
Fells Point Creative Alliance Inc Baltimore, MD | $8,640,477 | $4,159,263 |
Association For Computational Linguistics Inc Stroudsburg, PA | $5,328,100 | $2,432,156 |
American Institute Of Architects- Philadelphia Chapter Philadelphia, PA | $1,870,586 | $1,087,307 |
International Sculpture Center Inc Hamilton, NJ | $642,660 | $1,271,598 |
Decorative Arts Trust Media, PA | $7,999,879 | $2,838,494 |
Printing Industries Of America Foundation Warrendale, PA | $0 | $860,696 |
Art League Of Ocean City Inc Ocean City, MD | $1,030,306 | $806,811 |
Aia Pennsylvania Harrisburg, PA | $1,747,607 | $1,072,689 |
Pennsylvania Newsmedia Association Harrisburg, PA | $5,861,503 | $573,386 |