Colorado News Collaborative
- Assets
- $582.9k
- Revenue
- $876.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Denver, CO
- Founding
- 11/2014
- Data as of
- 12/2021
- EIN
- 46-2634633
Organization Overview
Colorado News Collaborative is located in Denver, CO. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Colorado News Collaborative employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado News Collaborative 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, Colorado News Collaborative generated $876.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $728.6k during the year ending 12/2021. While expenses have increased by 10.2% 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
AT THE COLORADO NEWS COLLABORATIVE, OUR VISION IS AN INFORMED AND ENGAGED CIVIL SOCIETY. OUR MISSION IS TO BE A LOCAL MEDIA RESOURCE HUB AND IDEAS LAB THAT SERVES ALL COLORADANS BY STRENGTHENING HIGH-QUALITY LOCAL JOURNALISM, SUPPORTING CIVIC ENGAGEMENT, AND ENSURING PUBLIC ACCOUNTABILITY. WE'RE A NONPROFIT THAT HELPS NEWS OUTLETS ALL ACROSS COLORADO PRODUCE MORE FACT-BASED NEWS THAT MAKES A DIFFERENCE, AND WE HELP COMMUNITIES BUILD MORE TRUST WITH THOSE NEWS OUTLETS. THAT MAKES FOR BETTER NEWS - THAT IS, HIGHER QUALITY NEWS THAT SERVES ALL COLORADANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT THE COLORADO NEWS COLLABORATIVE, OUR VISION IS AN INFORMED AND ENGAGED CIVIL SOCIETY. OUR MISSION IS TO BE A LOCAL MEDIA RESOURCE HUB AND IDEAS LAB THAT SERVES ALL COLORADANS BY STRENGTHENING HIGH-QUALITY LOCAL JOURNALISM, SUPPORTING CIVIC ENGAGEMENT, AND ENSURING PUBLIC ACCOUNTABILITY. WE'RE A NONPROFIT THAT HELPS NEWS OUTLETS ALL ACROSS COLORADO PRODUCE MORE FACT-BASED NEWS THAT MAKES A DIFFERENCE, AND WE HELP COMMUNITIES BUILD MORE TRUST WITH THOSE NEWS OUTLETS. THAT MAKES FOR BETTER NEWS - THAT IS, HIGHER QUALITY NEWS THAT SERVES ALL COLORADANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damian Thorman Board Chair | OfficerTrustee | 3 | $0 |
Hubert Farbes Board Vice Chair | OfficerTrustee | 3 | $0 |
Lisa Schlichtman Board Treasurer | OfficerTrustee | 3 | $0 |
Polly Baca Director | Trustee | 1 | $0 |
Paola Garcia Barron Director | Trustee | 1 | $0 |
Daniela Montano-Flores Director | 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 | $665,202 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $665,202 |
| Total Program Service Revenue | $161,000 |
| Investment income | $0 |
| 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 | $876,202 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $476,497 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,575 |
| Payroll taxes | $38,591 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,496 |
| Fees for services: Accounting | $1,651 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $17,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,750 |
| Advertising and promotion | $11,437 |
| Office expenses | $0 |
| Information technology | $7,275 |
| Royalties | $0 |
| Occupancy | $8,835 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $975 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,404 |
| All other expenses | $13,476 |
| Total functional expenses | $728,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $551,473 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,398 |
| Total assets | $582,871 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $24,843 |
| 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 | $24,843 |
| Net assets without donor restrictions | $0 |
| 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 | $558,028 |
| Total liabilities and net assets/fund balances | $582,871 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Colorado News Collaborative has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Tim And Mary Haddon Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
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