Local Independent Online News Publishers Inc
- Assets
- $4.7m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 16
- Location
- Wilmington, DE
- Founding
- 08/2019
- Data as of
- 12/2023
- 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 12/2023, Local Independent Online News Publishers Inc employed 16 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 12/2023, Local Independent Online News Publishers Inc generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 58.6% each year . All expenses for the organization totaled $6.4m during the year ending 12/2023. While expenses have increased by 66.4% per year over the past 5 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.
Since 2021, Local Independent Online News Publishers Inc has awarded 271 individual grants totaling $4,951,760. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN THE LOCAL NEWS INDUSTRY BY HELPING INDEPENDENT NEWS PUBLISHERS BUILD MORE SUSTAINABLE BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUSTAINABILITY AUDITS:A COMPREHENSIVE PROCESS FOR LION MEMBERS TO IDENTIFY AND RESPOND CONSTRUCTIVELY TO ROADBLOCKS TO SUSTAINABILITY WITHIN THEIR ORGANIZATIONS, INCLUDING $20K IN DIRECT FUNDING FOR PARTICIPANTS WHO COMPLETE DELIVERABLES.WE COMPLETED 75 AUDITS AND 96 PROGRESS REPORTS, AND DISTRIBUTED $20,000 TO EACH PARTICIPANT TO ACT ON THEIR RECOMMENDATIONS. 93% OF OUR AUDIT PARTICIPANTS FEEL MORE CONFIDENT IN THEIR ORGANIZATIONS ABILITY TO REACH SUSTAINABILITY.
DATA & EVALUATION:WE PUBLISHED 3 DATA INSIGHTS POSTS, AND INCREASED THE NUMBER OF ORGANIZATIONS PROFILED IN THE PROJECT OASIS DATABASE BY 31%.
MEMBERSHIP EDUCATION:WE CONCLUDED THE TWO-YEAR REVENUE GROWTH FELLOWSHIP PROGRAM WITH VALUABLE DATA INSIGHTS, ADDED NEW RESOURCES AND COURSES TO NEWS ENTREPRENEUR ACADEMY (MEMBERS HAVE COMPLETED 450 COURSES), AND CONDUCTED AN 8-WEEK SUSTAINABILITY LAB: UNBLOCKING REVENUE BARRIERS FEATURING ASYNCHRONOUS TRAINING, ONE-ON-ONE COACHING, PEER LEARNING, AND UP TO $9,000 IN FUNDING TO HELP PARTICIPANTS OVERCOME A REVENUE CHALLENGE.
MEMBERSHIP DIRECT SERVICES & LION AWARDS:THE OPERATIONS OF HAVING A MEMBERSHIP, INCLUDING PROCESSING APPLICATIONS/RENEWALS, SECURING MEMBER BENEFITS (E.G. DISCOUNTS), ORGANIZING TWO REGIONAL IN-PERSON EVENTS, AND LAUNCHING A COMMUNITY AMBASSADORS PROGRAM.WE GREW OUR MEMBERSHIP BY 12% TO OVER 500 MEMBERS. 29% OF OUR MEMBERSHIPS LEADERSHIP IDENTIFIES AS BIPOC AND 13% AS LGBTQIA+. WE HOSTED TWO IN-PERSON, REGIONAL NEWS SUSTAINABILITY MEETUPS, ONE IN THE DEEP SOUTH AND ANOTHER IN THE SOUTHEAST. MORE THAN 250 NEWS LEADERS ATTENDED THESE MEETUPS TO CONNECT AND LEARN FROM EACH OTHER. WE IMPLEMENTED IDEAS FROM OUR BIPOC LISTENING PROJECT, PILOTING BIPOC AND LGBTQIA+ AFFINITY GROUPS AT THE SOUTHEAST EVENT. OUR NEWS ENTREPRENEUR COMMUNITY SLACK GROUP GREW BY 50% TO OVER 1,500 USERS. WE LAUNCHED OUR INAUGURAL COMMUNITY AMBASSADORS PROGRAM, FACILITATING LEARNING AMONG LOCAL PEERS AND HELPING LION IDENTIFY NEWLY LAUNCHED NEWS ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Krewson Executive Director | Officer | 40 | $188,593 |
Anika Anand Deputy Director | 40 | $139,128 | |
Lisa Hunter Director Of Finance & Operati | 40 | $143,108 | |
Stephanie Snyder Assoc Director Of Membership | 40 | $106,531 | |
Lisa Heyamoto Assoc Director Of Member Edu | 40 | $101,000 | |
Rebekah Monson Director | Trustee | 8 | $0 |
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 | $1,533,399 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,533,399 |
| Total Program Service Revenue | $5,304,119 |
| Investment income | $44,991 |
| 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 | $6,882,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,342,167 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $438,600 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $188,593 |
| Compensation of current officers, directors, key employees. | $32,131 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,184,657 |
| Pension plan accruals and contributions | $43,386 |
| Other employee benefits | $132,184 |
| Payroll taxes | $111,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $74,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $225,773 |
| Advertising and promotion | $1,500 |
| Office expenses | $40,106 |
| Information technology | $51,271 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,693 |
| 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 | $7,653 |
| All other expenses | $5,303 |
| Total functional expenses | $6,433,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $460,959 |
| Savings and temporary cash investments | $1,753,943 |
| Pledges and grants receivable | $400,000 |
| Accounts receivable, net | $2,062,300 |
| 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 | $6,664 |
| 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 | $4,683,866 |
| Accounts payable and accrued expenses | $1,603,841 |
| Grants payable | $0 |
| Deferred revenue | $36,418 |
| 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 | $1,640,259 |
| Net assets without donor restrictions | $2,338,060 |
| Net assets with donor restrictions | $705,547 |
| 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 | $4,683,866 |
Grants Awarded
Over the last fiscal year, Local Independent Online News Publishers Inc has awarded $3,319,667 in support to 168 organizations.
| Grant Recipient | Amount |
|---|---|
AB&C BILINGUAL RESOURCES LLC PURPOSE: Sustainability Audit | $20,000 |
ADVOCATE FOUNDATION INC PURPOSE: LION Awards | $36,300 |
9 MILLONES LLC PURPOSE: Planning for Revenue Growth Lab 2022 | $20,000 |
ADVOCATE MEDIA - DALLAS INC PURPOSE: Cycle 1 Booster | $20,000 |
AFRO AMERICAN COMPANY OF BALTIMORE PURPOSE: Sustainability Lab | $9,000 |
AUSTIN CHRONICLE CORPORATION PURPOSE: Planning for Revenue Growth Lab 2022 S | $20,000 |