Dallas Express Media
- Assets
- $262.2k
- Revenue
- $468.2k
- Investments
- $0.0
- Employees
- 42
- Location
- Addison, TX
- Founding
- Data as of
- 12/2023
- EIN
- 85-3994413
Organization Overview
Dallas Express Media is located in Addison, TX. 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, Dallas Express Media employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dallas Express Media 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, Dallas Express Media generated $468.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $4.3m during the year ending 12/2023. 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 PROVIDE UNBIASED, NON-PARTISAN NEWS COVERAGE FOR THE CITY AND COUNTY OF DALLAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DALLAS EXPRESS MEDIA IS A GENERAL INTEREST DAILY NEWS SOURCE COVERING EVENTS, ACTIVITIES AND CITIZENS OF THE CITY OF DALLAS AND DALLAS COUNTY. THE ORGANIZATION WAS CREATED TO FILL A VOID IN THE DALLAS METROPLEX COMMUNITIES FOR FACT-BASED, NON-OPINION NEWS. IN 2023, THE PUBLICATION BUILT OUT A TEAM OF TALENTED PROFESSIONAL JOURNALISTS AND SHIFTED TOWARDS A GREATER FOCUS ON ORIGINAL REPORTING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Smercina Chief Dev Officer | 40 | $150,000 | |
Karin Dyer-Thru 52023 Executive Dir. | Officer | 50 | $135,000 |
Declan Leary Editor-In-Chief | 40 | $105,032 | |
Montgomery Bennett President | OfficerTrustee | 5 | $0 |
Sarah Bennett Director | Trustee | 1 | $0 |
Brian Wheeler Secretary | 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 | $392,728 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $392,728 |
| Total Program Service Revenue | $75,446 |
| 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 | $468,198 |
| 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. | $135,001 |
| Compensation of current officers, directors, key employees. | $13,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,548,940 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $133,385 |
| Payroll taxes | $136,354 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $110,104 |
| Fees for services: Accounting | $22,768 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $488,385 |
| Advertising and promotion | $0 |
| Office expenses | $12,541 |
| Information technology | $300,716 |
| Royalties | $0 |
| Occupancy | $110,303 |
| Travel | $22,913 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $573,994 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,221 |
| Insurance | $3,202 |
| All other expenses | $53,311 |
| Total functional expenses | $4,333,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,513 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,758 |
| 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 | $2,942 |
| Net Land, buildings, and equipment | $15,004 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $262,217 |
| Accounts payable and accrued expenses | $530 |
| 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 | $7,181,068 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,181,598 |
| Net assets without donor restrictions | -$6,919,381 |
| 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 | $262,217 |