National Trust For Local News
- Assets
- $4.8m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Englewood, CO
- Founding
- Data as of
- 12/2022
- EIN
- 86-2022385
Organization Overview
National Trust For Local News is located in Englewood, CO. 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 12/2022, National Trust For Local News employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Trust For Local News 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 12/2022, National Trust For Local News generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 49.5% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NATIONAL TRUST FOR LOCAL NEWS IS DEDICATED TO REVITALIZING COMMUNITY NEWSPAPERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION'S PROGRAM SERVICES INCLUDE: (A) TO INCREASE THE CAPACITY OF LOCAL MEDIA TO PROVIDE ENHANCED SERVICES TO THEIR COMMUNITIES AND INCREASE THE REVENUES IN SERVICE OF THEIR PUBLIC SERVICE MISSION (B) TO DEVELOP SHARED SERVICES AND INFRASTRUCTURE TECHNOLOGIES THAT SUPPORT LOCAL MEDIA (C) TO STRENGTHEN AND EXPAND LOCAL MEDIA SERVICES SO THAT LOCAL COMMUNITIES NATIONWIDE ARE PROVIDED WITH INDEPTH INFORMATION, UNBIASED NEWS, AND DIVERSE CULTURAL PROGRAMMING AND CONTENT (D) TO CREATE OR FACILITATE THE DEVELOPMENT AND SUPPORT OF LOCAL MEDIA SERVICES THAT IMPROVE AND ENHANCE EDUCATION AND INFORMATION IN LOCAL COMMUNITIES ACROSS THE COUNTRY (E) TO ENABLE AND PROMOTE SUSTAINABLE LOCAL MEDIA FOR COMMUNITIES NATIONWIDE (F) TO DEVELOP AND FACILITATE SHORT-TERM AND LONG-TERM FINANCINGS IN SUPPORT OF LOCAL MEDIA (G) TO EDUCATE, PROVIDE RESOURCES AND SUPPORT LOCAL NEWSPAPER PUBLISHERS AND OTHER COMMUNITY MEDIA ORGANIZATIONS WITH A SET OF CRITICAL SERVICES AND SUPPORT DESIGNED TO ENSURE THE LONG TERM EDUCATIONAL, ECONOMIC AND CIVIC SERVICES TO THEIR COMMUNITIES, AND TO PROVIDE INTENSIVE, LONG TERM AND ONSITE ADVISORY SERVICES TO LOCAL COMMUNITY ORIENTED NEWSPAPERS SEEKING TO CREATE NEW, SUSTAINABLE BUSINESS MODELS. THESE SERVICES ARE FOCUSED ON DRIVING TRANSFORMATION AND SUSTAINABILITY THAT ENSURE COMMUNITY SERVICE OVER THE LONG TERM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Hand Board Chair | OfficerTrustee | 10 | $0 |
John Wotowicz Board Director | Trustee | 1 | $0 |
Ju-Don Marshall Board Director | Trustee | 1 | $0 |
Lillian Ruiz COO & Co-Founder | Officer | 40 | $134,239 |
Elizabeth Hansen CEO | Officer | 40 | $231,250 |
Fraser Nelson Managing Director | 40 | $183,932 |
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 | $4,138,839 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,138,839 |
| Total Program Service Revenue | $59,243 |
| Investment income | $93,999 |
| 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 | $4,292,081 |
| 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. | $668,543 |
| Compensation of current officers, directors, key employees. | $111,420 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,501 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,247 |
| Payroll taxes | $57,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,006 |
| Fees for services: Accounting | $65,482 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $280,699 |
| Advertising and promotion | $432,061 |
| Office expenses | $14,988 |
| Information technology | $137 |
| Royalties | $0 |
| Occupancy | $5,155 |
| Travel | $43,216 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $88,796 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,604 |
| Insurance | $7,831 |
| All other expenses | $1,438 |
| Total functional expenses | $1,826,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,773,998 |
| Savings and temporary cash investments | $150,279 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $968,250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,845,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $26,317 |
| Other assets | $8,394 |
| Total assets | $4,772,238 |
| Accounts payable and accrued expenses | $45,229 |
| 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 | $1,500,000 |
| Other liabilities | $0 |
| Total liabilities | $1,545,229 |
| Net assets without donor restrictions | $1,070,301 |
| Net assets with donor restrictions | $2,156,708 |
| 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 | $4,772,238 |