The Red & Black Publishing Company Inc
- Assets
- $3.6m
- Revenue
- $785.9k
- Investments
- $0.0
- Employees
- 103
- Location
- Athens, GA
- Founding
- 08/1981
- Data as of
- 12/2023
- EIN
- 58-1410389
Organization Overview
The Red & Black Publishing Company Inc is located in Athens, GA. The organization was established in 1981. 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, Red & Black Publishing Company Inc employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red & Black Publishing Company 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, Red & Black Publishing Company Inc generated $785.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 3.0% 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
THE RED & BLACK IS AN INDEPENDENT, NONPROFIT STUDENT MEDIA ORGANIZATION WITH THE DUAL MISSIONS OF TRAINING STUDENTS FOR FUTURE CAREERS IN THE NEWS INDUSTRY WHILE SERVING OUR COMMUNITY AS A CREDIBLE, COMPELLING, INDEPENDENT SOURCE OF NEWS AND INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RED & BLACK PUBLISHES A FREE MONTHLY NEWSPAPER AND REGULAR MAGAZINES AS WELL AS PUBLISHING FREE DAILY NEWS ON REDANDBLACK.COM. THE RED & BLACK TRAINS MORE THAN 200 COLLEGE STUDENTS EACH ACADEMIC YEAR, WITH MORE THAN 100 STUDENTS MOVING ON TO WORK AS REPORTERS, EDITORS, PHOTOGRAPHERS AND OTHER CONTRIBUTORS TO REDANDBLACK.COM. THE RED & BLACK HAS BEEN RECOGNIZED BT THE ASSOCIATED COLLEGIATE PRESS, THE SOCIETY OF PROFESSIONAL JOURNALISTS, AND THE GEORGIA COLLEGE PRESS ASSOCIATION FOR EXCELLENCE IN JOURNALISM AND ADVERTISING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlotte Varnum Executive Di | Officer | 40 | $88,529 |
Rebecca Burns Executive Di | Officer | 40 | $15,425 |
Mark Bixler Editorial Ch | Trustee | 3 | $0 |
Amy Cox Editorial Co | Trustee | 3 | $0 |
Ali Gant Governance C | Trustee | 3 | $0 |
Lee Guarnella Vice Chair | Trustee | 3 | $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 | $111,637 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,637 |
| Total Program Service Revenue | $387,665 |
| Investment income | $92,596 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,900 |
| Net Gain/Loss on Asset Sales | $29,464 |
| Net Income from Fundraising Events | $22,689 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $83,965 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $785,941 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,955 |
| Compensation of current officers, directors, key employees. | $801 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $445,081 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,842 |
| Payroll taxes | $39,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,077 |
| Advertising and promotion | $0 |
| Office expenses | $105,762 |
| Information technology | $57,793 |
| Royalties | $0 |
| Occupancy | $59,136 |
| Travel | $23,510 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,685 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,616 |
| Insurance | $23,861 |
| All other expenses | $13,813 |
| Total functional expenses | $1,217,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,795 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,861 |
| 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 | $16,500 |
| Net Land, buildings, and equipment | $1,105,891 |
| Investments—publicly traded securities | $2,255,036 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,561,083 |
| Accounts payable and accrued expenses | $82,010 |
| Grants payable | $0 |
| Deferred revenue | $10,563 |
| 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 | $92,573 |
| Net assets without donor restrictions | $3,468,510 |
| 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 | $3,561,083 |