Cityside Journalism Initiative
- Assets
- $1.5m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 31
- Location
- Berkeley, CA
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 84-3448887
Organization Overview
Cityside Journalism Initiative is located in Berkeley, CA. The organization was established in 2020. 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 12/2023, Cityside Journalism Initiative employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cityside Journalism Initiative 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, Cityside Journalism Initiative generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $3.7m during the year ending 12/2021. 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
CITYSIDE JOURNALISM INITIATIVE IS A NONPARTISAN, NONPROFIT MEDIA ORGANIZATION COMMITTED TO BUILDING COMMUNITY THROUGH LOCAL JOURNALISM. CITYSIDE PROVIDES READERS WITH FACT-DRIVEN, NONPARTISAN, INFORMATIVE REPORTING THAT SEEKS TO REFLECT THE DIVERSITY AND COMPLEXITY OF THE COMMUNITIES WE SERVE. CITYSIDE OPERATES TWO NEWSROOMS, BERKELEYSIDE AND OAKLANDSIDE, TO PROVIDE LOCAL JOURNALISM IN THESE CITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDITORIAL - TO PROVIDE READERS WITH FACT-DRIVEN, NONPARTISAN, INFORMATIVE REPORTING THAT SEEKS TO REFLECT THE DIVERSITY AND COMPLEXITY OF THE LOCAL COMMUNITY. CITYSIDE OPERATES TWO NEWSROOMS, BERKELEYSIDE AND OAKLANDSIDE, TO PROVIDE LOCAL JOURNALISM IN THESE CITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Leary Vp, Client Ptps | 40 | $233,922 | |
Lance Knobel President & CEO | Officer | 40 | $170,546 |
Tanzeem Paghdiwala Treasurer, Eic | Officer | 40 | $167,557 |
Tracey Taylor Secy & Ed Dir | Officer | 40 | $150,030 |
Pamela Lewis Turntine Editor In Chief | 40 | $133,042 | |
Jacob Simas Managing Editor | 40 | $106,931 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Burchman Terrio Quist Llc Financial Management | 12/30/23 | $123,996 |
Douglas Ng Media Consulting | 12/30/23 | $117,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,080,193 |
| 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 | $3,671,033 |
| Statement of Expenses | |
|---|---|
| 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. | $789,502 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,414,646 |
| Pension plan accruals and contributions | $64,421 |
| Other employee benefits | $83,207 |
| Payroll taxes | $162,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,649 |
| Fees for services: Accounting | $123,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $699,294 |
| Advertising and promotion | $142,106 |
| Office expenses | $55,515 |
| Information technology | $33,611 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $60,471 |
| 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 | $0 |
| Insurance | $24,026 |
| All other expenses | $0 |
| Total functional expenses | $3,718,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,001 |
| Savings and temporary cash investments | $662,531 |
| Pledges and grants receivable | $353,167 |
| Accounts receivable, net | $199,140 |
| 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 | $39,527 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,006 |
| Total assets | $1,452,372 |
| Accounts payable and accrued expenses | $126,524 |
| Grants payable | $0 |
| Deferred revenue | $20,575 |
| 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 | $147,099 |
| Net assets without donor restrictions | $938,153 |
| Net assets with donor restrictions | $367,120 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,305,273 |