News Revenue Hub Inc
- Assets
- $4.4m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 25
- Location
- San Diego, CA
- Founding
- 08/2018
- Data as of
- 12/2023
- EIN
- 82-1553008
Organization Overview
News Revenue Hub Inc is located in San Diego, CA. The organization was established in 2018. According to its NTEE Classification (A19) the organization is classified as: Support N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, News Revenue Hub Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. News Revenue Hub 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, News Revenue Hub Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.5% each year . All expenses for the organization totaled $4.2m during the year ending 12/2023. While expenses have increased by 39.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NEWS REVENUE HUB AIMS TO FORTIFY THE PUBLIC'S ACCESS TO QUALITY JOURNALISM BY HELPING NEWS ORGANIZATIONS BUILD SUSTAINABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEWS REVENUE HUB INC HELPS NEWS ORGANIZATIONS LEARN HOW TO DESIGN AND IMPLEMENT SUBSCRIBER RECRUITMENT PROGRAMS, ANALYZE DATA AND DEVELOP COMPANY MESSAGING AND STORY. NEWS ORGANIZATIONS ALSO LEARN HOW TO UTILIZE VARIOUS TECHNOLOGY APPLICATIONS, HOW TO DESIGN CAMPAIGN TEMPLATES, GRAPHICS, AND OTHER CORPORATE MEMBERSHIP PAGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Poerschke President | OfficerTrustee | 5 | $0 |
Mary Walter-Brown Director/ceo | OfficerTrustee | 40 | $248,059 |
Tristan Loper Treasurer, Assistant Secretary & Chief Product Off | OfficerTrustee | 40 | $185,515 |
Anne Marie Grisanti Secretary & Director Of Operations And Hr | OfficerTrustee | 40 | $88,228 |
Irving Washington Director | Trustee | 5 | $0 |
Corey Fayman Director | Trustee | 5 | $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 | $1,879,774 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,879,774 |
| Total Program Service Revenue | $1,968,389 |
| Investment income | $65,302 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,948 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,901,118 |
| 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. | $890,274 |
| Compensation of current officers, directors, key employees. | $41,443 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,569,863 |
| Pension plan accruals and contributions | $152,497 |
| Other employee benefits | $163,033 |
| Payroll taxes | $191,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,125 |
| Fees for services: Accounting | $93,192 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,270 |
| Fees for services: Other | $284,501 |
| Advertising and promotion | $143,126 |
| Office expenses | $3,363 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $128,700 |
| Travel | $48,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107,955 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,990 |
| All other expenses | $16,335 |
| Total functional expenses | $4,187,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $741,824 |
| Savings and temporary cash investments | $1,085,515 |
| Pledges and grants receivable | $1,160,000 |
| Accounts receivable, net | $57,783 |
| 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 | $9,412 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $965,433 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $349,478 |
| Other assets | $0 |
| Total assets | $4,369,445 |
| Accounts payable and accrued expenses | $118,930 |
| Grants payable | $0 |
| Deferred revenue | $14,850 |
| 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 | $133,780 |
| Net assets without donor restrictions | $1,796,529 |
| Net assets with donor restrictions | $2,439,136 |
| 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 | $4,369,445 |