Carolina Public Press Inc
- Assets
- $504.9k
- Revenue
- $794.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Asheville, NC
- Founding
- 04/2014
- Data as of
- 12/2021
- EIN
- 46-0801080
Organization Overview
Carolina Public Press Inc is located in Asheville, NC. The organization was established in 2014. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Carolina Public Press Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina Public Press 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, Carolina Public Press Inc generated $794.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.9% each year . All expenses for the organization totaled $625.5k during the year ending 12/2021. While expenses have increased by 21.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ONLINE NEWS SERVICE FOCUSING ON NORTH CAROLINA
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAROLINA PUBLIC PRESS'S 2021 GOALS WERE TO PROVIDE NONPARTISAN, IN-DEPTH AND INVESTIGATIVE NEWS BUILT UPON THE FACTS AND CONTEXT NORTH CAROLINIANS NEED TO KNOW. OUR AWARD-WINNING, BREAKTHROUGH PUBLIC-INTEREST JOURNALISM DISMANTLES BARRIERS AND SHINES A LIGHT ON THE CRITICAL OVERLOOKED AND UNDER-REPORTED ISSUES FACING OUR STATE'S 10.2 MILLION RESIDENTS. OUR OVERALL GOALS WERE TO PROVIDE HIGH-QUALITY, CONTEXT-RICH AND FACT-BASED NEWS FOR FREE TO AUDIENCES, TO PROVIDE JOURNALISM FOR AND ABOUT OVERLOOKED AND UNDER-SERVED COMMUNITIES AND ISSUES, AND TO ENGAGE COMMUNITIES ABOUT SOME OF THE MOST PRESSING ISSUES FACING THE STATE. CAROLINA PUBLIC PRESS CELEBRATED ITS FIRST DECADE IN 2021 AND REMAINS WHOLLY INDEPENDENT AND NONPARTISAN. OUR 2021 ACCOMPLISHMENTS INCLUDE INCREASING FREE AND RELIABLE ACCESS TO QUALITY NEWS. THE ORGANIZATION PUBLISHED MORE THAN 330 NEWS AND INVESTIGATIVE NEWS REPORTS ON TOPICS RANGING FROM COVID-19, ACCESS TO VOTING AND THE ELECTION, ECONOMIC CHALLENGES IN RURAL COMMUNITIES, THE FUTURE OF THE STATE'S NATIONAL FORESTS, ACCESS TO HEALTH CARE FOR WOMEN AND SURVIVORS OF SEXUAL ASSAULT, CONSTRUCTION OF JAILS IN NORTH CAROLINA, ACCESS TO PUBLIC INFORMATION AND DATA, AND MORE. CAROLINA PUBLIC PRESS ALSO PARTICIPATED IN STATEWIDE INVESTIGATIVE NEWS COLLABORATION THAT WORKED TO REPORT ON A VARIETY OF COVID ISSUES AND HOW THOSE ISSUES IMPACT PEOPLE FROM THE LOCAL TO STATEWIDE LEVEL. AS A RESULT, CAROLINA PUBLIC PRESS IN 2021 EXPANDED ITS REACH, INCREASED COVERAGE, AND GREW ITS NEWSROOM TO PROVIDE MORE PUBLIC-INTEREST, NONPARTISAN JOURNALISM TO NORTH CAROLINIANS. CAROLINA PUBLIC PRESS BEGAN AS ONE PART OF THE SOLUTION TO REVERSING THE REDUCTION OF INVESTIGATIVE AND PUBLIC SERVICE JOURNALISM. OUR READERS, LISTENERS, AND MEMBERS HAVE HELPED THAT VISION BECOME A REALITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angelia Newsome Executive Di | Officer | 40 | $29,967 |
Scott Barnwell President | OfficerTrustee | 2 | $0 |
Patrick Doran Vice Preside | OfficerTrustee | 2 | $0 |
Robert Lewis Treasurer | OfficerTrustee | 2 | $0 |
Sharon Oxendine Board Member | Trustee | 1 | $0 |
Louise Spieler Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,687 |
| All other contributions, gifts, grants, and similar amounts not included above | $750,369 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $779,056 |
| Total Program Service Revenue | $2,000 |
| Investment income | $754 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,903 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $794,749 |
| 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. | $29,967 |
| Compensation of current officers, directors, key employees. | $8,990 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $333,607 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,190 |
| Fees for services: Management | $9,290 |
| Fees for services: Legal | $11,914 |
| Fees for services: Accounting | $7,405 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,403 |
| Advertising and promotion | $28,625 |
| Office expenses | $12,221 |
| Information technology | $35,266 |
| Royalties | $0 |
| Occupancy | $13,854 |
| Travel | $7,086 |
| 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 | $13,615 |
| All other expenses | $2,074 |
| Total functional expenses | $625,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,453 |
| Savings and temporary cash investments | $125,096 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $35,392 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $504,941 |
| Accounts payable and accrued expenses | $7,600 |
| 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 | $7,600 |
| Net assets without donor restrictions | $497,341 |
| 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 | $504,941 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Carolina Public Press Inc has recieved totaling $751,101.
| Awarding Organization | Amount |
|---|---|
Cumberland Community Foundation Inc Fayetteville, NC PURPOSE: CHARITABLE GIFT | $375,120 |
Z Smith Reynolds Foundation Inc Winstonsalem, NC PURPOSE: FOR GENERAL OPERATING SUPPORT | $100,000 |
Z Smith Reynolds Foundation Inc Winstonsalem, NC PURPOSE: FOR GENERAL OPERATING SUPPORT | $100,000 |
Z Smith Reynolds Foundation Inc Winstonsalem, NC PURPOSE: FOR GENERAL OPERATING SUPPORT | $75,000 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: PUBLIC & SOCIETAL BENEFIT | $35,000 |
Z Smith Reynolds Foundation Inc Winstonsalem, NC PURPOSE: FOR GENERAL OPERATING SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $30,441 |
| Earnings | $4,243 |
| Admin Expense | $331 |
| Net Contributions | $1,039 |
| Ending Balance | $35,392 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tax Analysts Falls Church, VA | $82,280,774 | $30,727,891 |
Association For Research And Enlightenment Inc Virginia Beach, VA | $20,084,486 | $11,379,644 |
Association Of Corporate Travel Executives Inc Bamkruptcy Alexandria, VA | $277,722 | $5,636,042 |
University Of North Carolina Press Chapel Hill, NC | $43,092,371 | $7,489,638 |
National Energy Education Development Project Inc Manassas, VA | $4,802,187 | $4,327,526 |
The Sun Publishing Company Chapel Hill, NC | $3,426,472 | $3,162,673 |
Randall House Publications Of The National Assn Of Free Will Baptist Nashville, TN | $2,277,903 | $2,957,319 |
The Book Arts Press Inc Charlottesville, VA | $18,999,420 | $6,073,430 |
Embrace Africa Bonaire, GA | -$42,571 | $990,943 |
Southern Newspaper Publishers Association Lawrenceville, GA | $0 | $333,271 |
The Red & Black Publishing Company Inc Athens, GA | $4,644,249 | $519,504 |
Vox Teen Communications Inc Atlanta, GA | $347,910 | $636,410 |