Carolina Public Press Inc
- Assets
- $163.4k
- Revenue
- $404.2k
- Investments
- $0.0
- Employees
- 11
- Location
- Asheville, NC
- Founding
- 04/2014
- Data as of
- 12/2023
- 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 12/2023, Carolina Public Press Inc employed 11 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 12/2023, Carolina Public Press Inc generated $404.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $643.1k during the year ending 12/2023. While expenses have increased by 16.9% per year over the past 9 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
2023
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 2023 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 10.7 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 ALSO REMAINS WHOLLY INDEPENDENT AND NONPARTISAN. OUR 2023 ACCOMPLISHMENTS INCLUDE INCREASING FREE AND RELIABLE ACCESS TO QUALITY NEWS. THE ORGANIZATION PUBLISHED NEWS AND INVESTIGATIVE NEWS REPORTS ON TOPICS RANGING FROM GOVERNMENT ACCOUNTABILITY AND TRANSPARENCY, ACCESS TO VOTING AND ELECTIONS, ECONOMIC CHALLENGES IN RURAL COMMUNITIES, THE FUTURE OF THE STATE'S NATIONAL FORESTS, STAFFING SHORTAGES IN N.C. NURSING HOMES, LOSS OF PROTECTION FOR ISOLATED N.C. WETLANDS, WILDFIRES IN WESTERN N.C., MIGRANT WORKERS FACING A CHALLENGING N.C. SYSTEM, ACCESS TO PUBLIC INFORMATION AND DATA, AND MORE. 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 |
|---|---|---|---|
Scott Barnwell President | OfficerTrustee | 2 | $0 |
Patrick Doran Vice Preside | OfficerTrustee | 2 | $0 |
Robert Lewis Treasurer | OfficerTrustee | 2 | $0 |
Victoria Hicks Secretary | OfficerTrustee | 2 | $0 |
Christopher Chung Board Member | Trustee | 1 | $0 |
Dr Ellen Helms Board Member | Trustee | 1 | $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 | $403,153 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,153 |
| Total Program Service Revenue | $0 |
| Investment income | $962 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$477 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $404,183 |
| 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. | $134,032 |
| Compensation of current officers, directors, key employees. | $40,210 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $251,186 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,870 |
| Payroll taxes | $31,026 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,343 |
| Fees for services: Accounting | $3,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,644 |
| Advertising and promotion | $18,196 |
| Office expenses | $23,412 |
| Information technology | $41,102 |
| Royalties | $0 |
| Occupancy | $13,815 |
| Travel | $6,199 |
| 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 | $8,498 |
| All other expenses | $3,961 |
| Total functional expenses | $643,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,072 |
| Savings and temporary cash investments | $25,268 |
| 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 | $54,136 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $899 |
| Total assets | $163,375 |
| Accounts payable and accrued expenses | $6,408 |
| 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 | $6,408 |
| Net assets without donor restrictions | $156,967 |
| 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 | $163,375 |