Local Reporting Lab Initiative Inc
- Assets
- $743.2k
- Revenue
- $496.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Boulder, CO
- Founding
- Data as of
- 12/2023
- EIN
- 87-1232586
Organization Overview
Local Reporting Lab Initiative Inc, operating under the name Boulder Reporting Lab, is located in Boulder, 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 12/2023, Boulder Reporting Lab employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boulder Reporting Lab 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, Boulder Reporting Lab generated $496.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 28.0% each year . All expenses for the organization totaled $190.9k 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 THE PEOPLE WHO LIVE, WORK, LEARN AND PLAY IN AND AROUND BOULDER, COLORADO, WITH HIGH-QUALITY, TRUSTWORTHY, LOCAL-FIRST REPORTING AND ESSENTIAL INFORMATION TO MAKE SENSE OF ISSUES AND EVENTS HAPPENING AROUND THEM, NAVIGATE THEIR LIVES AND BUILD COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPANDED OUR ONLINE NEWSROOM AND COMMUNITY ENGAGEMENT EFFORTS THROUGH THE BOULDER REPORTING LAB WEBSITE AND OUR FLAGSHIP NEWSLETTER OFFERED FOR FREE. THIS NEWSLETTER PROVIDES TIMELY NEWS UPDATES, VALUABLE COMMUNITY-GENERATED INFORMATION AND IN-DEPTH ORIGINAL REPORTING. IT SEEKS TO REPLACE THE WANING LOCAL NEWSPAPER HABIT WITH AN ACCESSIBLE NEWS EXPERIENCE, AIMING TO DEEPLY AND REGULARLY INFORM RESIDENTS ABOUT IMPORTANT COMMUNITY ISSUES AND FOSTER CONNECTIONS AMONG THEM AND THEIR CITY. BY DEC. 31, 2023, THE ORGANIZATION HAD OVER 18,000 NEWSLETTER SUBSCRIBERS, ACHIEVING SUBSTANTIAL MARKET PENETRATION.
PRODUCED AWARD-WINNING ORIGINAL JOURNALISM THAT HIGHLIGHTED CRITICAL COMMUNITY ISSUES SUCH AS CLIMATE CHANGE, WILDFIRE MITIGATION, PUBLIC HEALTH, LOCAL POLICING, HOMELESSNESS AND AFFORDABLE HOUSING. THIS WORK HAS EARNED BOULDER REPORTING LAB APPROXIMATELY 50 JOURNALISM AWARDS IN COLORADO AND NATIONALLY WITHIN TWO YEARS OF PUBLISHING, ESTABLISHING OUR NEWSROOM AS A DEDICATED AND IMPACTFUL ORGANIZATION COMMITTED TO ENHANCING THE LIVES OF OUR COMMUNITY THROUGH FACT-BASED INFORMATION. INVESTIGATIVE PUBLIC-INTEREST JOURNALISM PROJECTS HAVE INCLUDED REPORTING ON COAL POLLUTION IN OUR COMMUNITY AND INVESTIGATION INTO WRONGDOING DOCUMENTED ABOUT A COUNTY ELECTED OFFICIAL.
IN 2023, BOULDER REPORTING LAB SECURED ADDITIONAL FUNDING TO SUPPORT INNOVATIVE PROJECTS AIMED AT ESTABLISHING A SUSTAINABLE NONPROFIT BUSINESS MODEL. THESE PROJECTS ENCOMPASSED BOTH REVENUE-GENERATING AND EDITORIAL INITIATIVES. THEY INVOLVED IMPLEMENTING ADVANCED TECHNOLOGIES TO ENHANCE THE EFFICIENCY AND EFFECTIVENESS OF OUR NEWS PRODUCTION PROCESS, EXPANDING OUR REPORTING TEAM TO COVER TOPICS OF INTEREST SUCH AS THE LOCAL FOOD ECONOMY AND THE OUTDOORS AND INTRODUCING A COMMUNITY-DRIVEN ELECTION REPORTING PROJECT. THIS INITIATIVE GATHERED INPUT FROM OUR READERS TO DEVELOP CANDIDATE QUESTIONNAIRES AND COLLABORATED WITH PARTNERS TO HOST A NON-PARTISAN MAYORAL DEBATE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Feldman President | OfficerTrustee | 2 | $0 |
Hillary Rosner Treasurer | OfficerTrustee | 2 | $0 |
Tammy Terwelp Secretary | OfficerTrustee | 2 | $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 | $485,994 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $485,994 |
| Total Program Service Revenue | $5,707 |
| 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 | $496,701 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,971 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $377 |
| Payroll taxes | $38,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $750 |
| Advertising and promotion | $922 |
| Office expenses | $21,148 |
| Information technology | $373 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $343 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $93 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,991 |
| All other expenses | $0 |
| Total functional expenses | $190,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $743,225 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $743,225 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $743,225 |
| 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 | $743,225 |