Colorado News Collaborative
- Assets
- $85.7k
- Revenue
- $541.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Denver, CO
- Founding
- 11/2014
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Colorado News Collaborative generated $541.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $760.4k during the year ending 12/2023. 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
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVERY COLORADAN SHOULD HAVE ACCESS TO STRONG LOCAL NEWS. NEWS THAT IS FAIR AND ACCURATE, THAT INFORMS AND EDUCATES, THAT HOLDS POWER TO ACCOUNT AND ILLUMINATES THE LIFE OF A LOCAL COMMUNITY. COLAB EXISTS TO HELP MAKE THAT ACCESS A STATEWIDE REALITY THROUGH COLLABORATIVE JOURNALISM, AUTHENTIC COMMUNITY ENGAGEMENT AND INNOVATIVE BUSINESS MODELS. WE ARE A NONPROFIT THAT HELPS NEWS OUTLETS ALL ACROSS COLORADO BUILD MORE FACT-BASED NEWS THAT MAKES A DIFFERENCE. 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 |
|---|---|---|---|
Laura Frank Executive Di | Officer | 40 | $128,888 |
Judy Muller Chair | OfficerTrustee | 3 | $0 |
Tim Regan-Porter Secretary/tr | OfficerTrustee | 3 | $0 |
Polly Baca Director | Trustee | 1 | $0 |
Myung Oak Kim Director | Trustee | 1 | $0 |
Jean Townsend 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 | $513,417 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $513,417 |
| Total Program Service Revenue | $26,000 |
| 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 | $541,440 |
| 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. | $144,253 |
| Compensation of current officers, directors, key employees. | $57,701 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $303,266 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,193 |
| Payroll taxes | $37,129 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,977 |
| Fees for services: Accounting | $1,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $174,326 |
| Advertising and promotion | $138 |
| Office expenses | $8,491 |
| Information technology | $26,236 |
| Royalties | $0 |
| Occupancy | $4,310 |
| Travel | $2,238 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,020 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,326 |
| All other expenses | $0 |
| Total functional expenses | $760,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,314 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,500 |
| 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 | $9,887 |
| 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 | $85,701 |
| Accounts payable and accrued expenses | $804 |
| 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 | $804 |
| Net assets without donor restrictions | $84,897 |
| 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 | $85,701 |