Publicsource Inc
- Assets
- $1.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 21
- Location
- Pittsburgh, PA
- Founding
- 11/2015
- Data as of
- 06/2023
- EIN
- 47-4309256
Organization Overview
Publicsource Inc is located in Pittsburgh, PA. The organization was established in 2015. 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 06/2023, Publicsource Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Publicsource 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 06/2023, Publicsource Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $1.4m during the year ending 06/2023. 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 EDUCATE AND INFORM THE PUBLIC ON SUBJECTS USEFUL TO THE INDIVIDUAL AND COMMUNITY. PUBLICSOURCE IS AN IN-DEPTH AND INVESTIGATIVE NEWS GROUP THAT PROVIDES PENNSYLVANIA CITIZENS WITH IMPORTANT INFORMATION BY WRITING STORIES EXPLAINING COMPLEX ISSUES. PUBLICSOURCE HOLDS THE POWERFUL ACCOUNTABLE BECAUSE WE BELIEVE THAT INFORMED VOTERS ARE THE KEY TO A DEMOCRATIC SOCIETY. WE PROVIDE CITIZENS WITH IN-DEPTH REPORTING ON THE ENVIRONMENT, THE ELDERLY, PEOPLE WITH DISABILITIES, HEALTH, CRIMINAL JUSTICE, MONEY, AND POLITICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING PENNSYLVANIA CITIZENS WITH IN-DEPTH INFORMATION. WRITE STORIES TO EXPLAIN COMPLEX ISSUES AND TO HOLD THE POWERFUL ACCOUNTABLE. WE PROVIDE CITIZENS WITH IN-DEPTH REPORTING AND DATA ON THE ENVIRONMENT, HEALTH, CRIMINAL JUSTICE, MONEY, AND POLITICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josie Cellone Board Member | Trustee | 1 | $0 |
Zak Thomas Treasurer | OfficerTrustee | 1 | $0 |
Maggie Patterson Board Member | Trustee | 1 | $0 |
Todd Underwood Board Member | Trustee | 1 | $0 |
Ted Anthony President | OfficerTrustee | 1 | $0 |
Jeff Galak Co-Vp | OfficerTrustee | 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 | $1,083,094 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,083,094 |
| Total Program Service Revenue | $30,000 |
| Investment income | $8,942 |
| 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 | $1,165,775 |
| 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. | $218,118 |
| Compensation of current officers, directors, key employees. | $109,059 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $778,969 |
| Pension plan accruals and contributions | $23,806 |
| Other employee benefits | $58,873 |
| Payroll taxes | $82,341 |
| Fees for services: Management | $47,514 |
| Fees for services: Legal | $3,315 |
| Fees for services: Accounting | $10,034 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,733 |
| Office expenses | $7,822 |
| Information technology | $23,850 |
| Royalties | $0 |
| Occupancy | $37,211 |
| Travel | $11,351 |
| 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 | $1,062 |
| Insurance | $12,521 |
| All other expenses | $0 |
| Total functional expenses | $1,419,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,739,034 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,630 |
| 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 | $355 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,429 |
| Total assets | $1,774,448 |
| Accounts payable and accrued expenses | $8,858 |
| Grants payable | $0 |
| Deferred revenue | $35,154 |
| 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 | $17,853 |
| Total liabilities | $61,865 |
| Net assets without donor restrictions | $1,489,990 |
| Net assets with donor restrictions | $222,593 |
| 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 | $1,774,448 |