Longmont Observer
- Assets
- $138.1k
- Revenue
- $381.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Longmont, CO
- Founding
- 05/2017
- Data as of
- 12/2021
- EIN
- 82-0829889
Organization Overview
Longmont Observer is located in Longmont, CO. The organization was established in 2017. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Longmont Observer employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Longmont Observer 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, Longmont Observer generated $381.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $272.3k during the year ending 12/2021. While expenses have increased by 19.8% per year over the past 2 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
MEDIA MAKERSPACE DEVOTED TO THE EDUCATION, PRODUCTION, AND DISTRIBUTION OF LOCAL MEDIA THAT MATTERS TO YOU.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DESPITE A GLOBAL PANDEMIC, LONGMONT PUBLIC MEDIA L AUNCHED A MEDIA MAKERSPACE AND BECAME AN INCUBATOR FOR LOCAL MEDIA CREATION. IT ALSO BECAME AN IMPORTANT SOURCE OF DISTRIBUTING LOCAL INFORMATION VIA I TS PUBLIC ACCESS TV CHANNELS, WEBSITE, AND SMART TV APPS. ADDITIONALLY, WEACCOMPLISHED BECOMING T HE GO-TO SOURCE F OR EDUCATION ABOUT VIDEO PRODUCTION AND LIVESTREAMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sergio Angeles President | Trustee | 40 | $66,554 |
Scott Converse Vice President Treasurer | Trustee | 22 | $0 |
Macie May Secretary | Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,180 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,776 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,956 |
| Total Program Service Revenue | $367,758 |
| Investment income | $11 |
| 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 | $381,725 |
| 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. | $66,554 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,438 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,844 |
| Payroll taxes | $11,652 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $826 |
| Fees for services: Accounting | $2,139 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,906 |
| Advertising and promotion | $605 |
| Office expenses | $9,005 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,585 |
| Travel | $0 |
| 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 | $45,012 |
| Insurance | $700 |
| All other expenses | $0 |
| Total functional expenses | $272,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,692 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,100 |
| 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 | $33,351 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $138,143 |
| Accounts payable and accrued expenses | $7,569 |
| 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 | $7,569 |
| 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 | $130,574 |
| Total liabilities and net assets/fund balances | $138,143 |
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