Association Of Alternative Newsmedia
- Assets
- $611.7k
- Revenue
- $324.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 01/1989
- Data as of
- 12/2022
- EIN
- 91-1250071
Organization Overview
Association Of Alternative Newsmedia is located in Memphis, TN. The organization was established in 1989. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Alternative Newsmedia is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Association Of Alternative Newsmedia generated $324.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $238.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 6 years. 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 ORGANIZATION'S PURPOSE IS TWO-FOLD: TO PROVIDE SERVICES AND LEADERSHIP THAT ENSURE THE SUCCESS OF ITS MEMBERS; AND TO STRENGTHEN ALTERNATIVE JOURNALISM THROUGH ADVOCACY AND EDUCATION. AAN IS FOCUSED ON ACCELERATING MEMBER SUCCESS THROUGH A VARIETY OF INITIATIVES, ALWAYS WITH AN EYE TOWARDS EXCELLENT QUALITY JOURNALISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION OF ALTERNATIVE NEWSMEDIA (AAN) IS A DIVERSE GROUP OF 90+ LOCAL AND INDEPENDENT NEWS ORGANIZATIONS COVERING MANY MAJOR METROPOLITAN AREAS AND OTHER LESS-POPULATED CITIES AND REGIONS IN NORTH AMERICA. AAN MEMBERS REACH ACTIVE, EDUCATED, AND INFLUENTIAL ADULTS IN THEIR LOCAL MARKETS IN THE UNITED STATES AND CANADA. IN ADDITION, MILLIONS OF READERS VIEW AAN-MEMBER CONTENT VIA THE WEB AND MOBILE DEVICES. THE ASSOCIATION HELD ITS ANNUAL CONVENTION FOR MEMBER PUBLISHERS WITH AN EMPHASIS ON EDUCATION, CONVERSATION AND IDEA SHARING. PUBLISHERS TALKED ABOUT THE OPPORTUNITIES THEY SEE IN THEIR MARKETS AND THEIR PLANS TO TAKE ADVANTAGE OF THOSE OPPORTUNITIES TO IMPROVE THEIR ECONOMIC RESILIENCE AND REACH MORE READERS WITH THEIR CONTENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Williamsom Design Chair | Trustee | 0.3 | $0 |
Graham Jarrett President | OfficerTrustee | 1 | $0 |
Kimberly Griffin Treasurer | Trustee | 1 | $0 |
Leo Cusimano Convention Ch | Trustee | 0.3 | $0 |
Chris Faraone Editorial Chair | Trustee | 0.3 | $0 |
Cassidy Frazier Marketing Chair | Trustee | 0.3 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $294,768 |
| Investment income | $27,012 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,287 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $324,067 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $644 |
| Fees for services: Management | $51,250 |
| Fees for services: Legal | $12,248 |
| Fees for services: Accounting | $9,712 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,585 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,533 |
| Interest | $795 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,907 |
| All other expenses | $29,745 |
| Total functional expenses | $237,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,429 |
| Savings and temporary cash investments | $434,573 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,274 |
| 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 | $13,350 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,039 |
| Total assets | $611,665 |
| Accounts payable and accrued expenses | $3,812 |
| Grants payable | $0 |
| Deferred revenue | $77,010 |
| 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 | $4,605 |
| Total liabilities | $85,427 |
| Net assets without donor restrictions | $526,238 |
| 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 | $611,665 |