Local Reporting Lab Initiative Inc
- Assets
- $203.8k
- Revenue
- $237.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Boulder, CO
- Founding
- Data as of
- 12/2021
- 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 12/2021, Boulder Reporting Lab employed 2 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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
LAUNCHED ONLINE NEWSROOM IN COLORADO WITH BOULDER REPORTING LAB NEWSLETTER PUBLISHED 3 TIMES PER WEEK. THE ORGANIZATION HAS GAINED 3,400 NEWSLETTER SUBSCRIBERS BY DECEMBER 31, 2021. AS PART OF OF THAT LAUNCH, BRL DEBUTED A WEBSITE THAT IS HOME TO IN-DEPTH JOURNALISM, WHICH IS FREE FOR ALL CONSUMERS, ON ISSUES OF COMMUNITY SIGNIFICANCE. BRL ALSO BEGAN PUBLISHING A FREE NEWSLETTER THREE TIMES A WEEK THAT CONTAINS VITAL COMMUNITY NEWS AND INFORMATION THAT HELPS BOULDER LOCALS NAVIGATE THEIR LIVES. THE NEWSLETTER SERVES TO CURATE AND ORGANIZE LOCAL INFORMATION AND MAKE IT BROADLY ACCESSIBLE AND USEFUL.IN EARLY FALL OF 2021, BOULDER REPORTING LAB SECURED A MULTI-YEAR GRANT TO LAUNCH A NEW DIGITAL, NONPROFIT NEWS ORGANIZATION WHOSE MISSION IS TO INFORM RESIDENTS AS COMMUNITY NEWSPAPER REPORTING DECLINES LOCALLY AND NATIONALLY AMID CONSOLIDATION AND OWNERSHIP BY FINANCIAL FIRMS. IN 2021, BRL RAISED ADDITIONAL FUNDING TO HIRE A LOCAL CLIMATE SOLUTIONS REPORTER, ONE OF THE FIRST OF ITS KIND IN COLORADO, TO FOCUS ON LOCAL WILDFIRE RISKS AND MITIGATION, AS WELL AS FLOOD AND DROUGHT ISSUES, THE TRANSFORMATION TO A CLEAN ENERGY ECONOMY, AND MORE. OTHER COVERAGE FOCUS AREAS INCLUDE: LOCAL GOVERNMENT, HOUSING, HOMELESSNESS, ARTS AND COMMUNITY, AND SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hillary Rosner Treasurer | OfficerTrustee | 2 | $0 |
Stacy Feldman President | OfficerTrustee | 2 | $0 |
Laura Rich Director | Trustee | 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 | $237,053 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,053 |
| Total Program Service Revenue | $0 |
| 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 | $237,053 |
| 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 | $25,040 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,221 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $864 |
| Advertising and promotion | $362 |
| Office expenses | $553 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,212 |
| 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 | $2,907 |
| All other expenses | $109 |
| Total functional expenses | $33,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,785 |
| 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 | $203,785 |
| 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 | $0 |
| 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 | $203,785 |
| Total liabilities and net assets/fund balances | $203,785 |
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