NATIONAL TRUST FOR LOCAL NEWS: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- NATIONAL TRUST FOR LOCAL NEWS (EIN 86-2022385)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202403209349322125
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T16:34:18-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 941254756 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOOD & STRONG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2580 N 1ST ST STE 460 | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95131 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 862022385 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL TRUST FOR LOCAL NEWS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NATI | BusinessNameControlTxt |
| Phone | 4089988400 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 750 W HAMPDEN AVE | AddressLine1Txt |
| City | ENGLEWOOD | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80110 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ELIZABETH HANSEN SHAPIRO | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 4089988400 | PhoneNum |
| Signature | 2024-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MAGA E KISRIEV | PreparerPersonNm |
| PTIN | P01008919 | PTIN |
| Phone | 4089988400 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | ELIZABETH HANSEN SHAPIRO | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 750 W HAMPDEN AVE | AddressLine1Txt |
| City | ENGLEWOOD | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $46,104,002 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTPS://WWW.NATIONALTRUSTFORLOCALNEWS.ORG/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2021 | FormationYr |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Activity Or Mission | THE NATIONAL TRUST FOR LOCAL NEWS IS DEDICATED TO REVITALIZING COMMUNITY NEWSPAPERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 3 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 3 | VotingMembersIndependentCnt |
| Total Employee | 521 | TotalEmployeeCnt |
| Total Volunteers | 4 | TotalVolunteersCnt |
| Total Gross UBI | $9,359,328 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $4,138,839 | PYContributionsGrantsAmt |
| CY Contributions Grants | $25,596,806 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $59,243 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $20,287,233 | CYProgramServiceRevenueAmt |
| PY Investment Income | $93,999 | PYInvestmentIncomeAmt |
| CY Investment Income | $31,301 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $188,662 | CYOtherRevenueAmt |
| PY Total Revenue | $4,292,081 | PYTotalRevenueAmt |
| CY Total Revenue | $46,104,002 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $75,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $862,349 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $12,606,155 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $202,342 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $963,808 | PYOtherExpensesAmt |
| CY Other Expenses | $11,751,882 | CYOtherExpensesAmt |
| PY Total Expenses | $1,826,157 | PYTotalExpensesAmt |
| CY Total Expenses | $24,433,037 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,465,924 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $21,670,965 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $4,772,238 | TotalAssetsBOYAmt |
| Total Assets EOY | $40,664,722 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,545,229 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $15,791,461 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $3,227,009 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $24,873,261 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE NATIONAL TRUST FOR LOCAL NEWS IS A NON-PROFIT DEDICATED TO CONSERVING, TRANSFORMING, AND SUSTAINING COMMUNITY NEWS ORGANIZATIONS. | MissionDesc |
| Significant New Program Srvc | Yes (1) | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $23,587,911 | ExpenseAmt |
| Grant | $75,000 | GrantAmt |
| Revenue | $20,475,895 | RevenueAmt |
| Desc | THE NATIONAL TRUST FOR LOCAL NEWS (NTLN) OWNS AND OPERATES COMMUNITY NEWS ORGANIZATIONS IN SERVICE OF THEIR PUBLIC SERVICE MISSION. IN 2023, NTLN ESTABLISHED TWO STATE SUBSIDIARIES IN GEORGIA AND MAINE. OUR 215 JOURNALISTS REACH OVER TWO MILLION MONTHLY READERS IN DOZENS OF SMALL COMMUNITIES ACROSS COLORADO, MAINE, AND GEORGIA. NTLN'S MODEL IS RESPONSIVE TO THE NEEDS OF LOCAL COMMUNITIES, SCALABLE TO EVERY STATE, AND A UNIQUELY SUSTAINABLE WAY TO PROVIDE HIGH-QUALITY LOCAL JOURNALISM WHERE IT IS MOST AT RISK OF DISAPPEARING ALTOGETHER. | Desc |
| Total Program Service Expenses | $23,587,911 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 334 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 521 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 3 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 3 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KUTAK ROCK | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3032972400 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 16TH STREET SUITE 1800 | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80202 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| MARC HAND | |||||||
| BOARD CHAIR | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JOHN WOTOWICZ | |||||||
| BOARD DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JU-DON MARSHALL | |||||||
| BOARD DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LILLIAN RUIZ | |||||||
| COO & CO-FOUNDER | 40.00 | Yes (X) | $0 | $0 | $0 | ||
| ELIZABETH HANSEN SHAPIRO | |||||||
| CEO | 40.00 | Yes (X) | $370,540 | $0 | $0 | ||
| PHILLIP R MCDUFFIE | |||||||
| CHIEF PORTFOLIO OFFICER | 40.00 | $155,650 | $0 | $0 | Yes (X) | ||
| WILLIAM NELLIGAN | |||||||
| CHIEF GROWTH OFFICER | 40.00 | $162,135 | $0 | $0 | Yes (X) | ||
| JENIFER F NELSON | |||||||
| STRATEGIC PARTNERSHIP (THRU 8/7/23) | 40.00 | $108,712 | $0 | $0 | Yes (X) | ||
| CAROLINE PORTER | |||||||
| DIR STRATEGIC P'SHIP & IMPACT | 40.00 | $109,808 | $0 | $0 | Yes (X) | ||
| CAROLINE ROSS | |||||||
| CHIEF OF STAFF | 40.00 | $188,008 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,094,853 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $25,596,806 | AllOtherContributionsAmt |
| Noncash Contributions | $249,203 | NoncashContributionsAmt |
| Total Contributions | $25,596,806 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| PUBLICATION REVENUE | 513110 | $18,594,209 | $9,234,881 | $9,359,328 |
| PRINTING REVENUE | 513110 | $1,693,024 | $1,693,024 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $20,287,233 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $31,301 | TotalRevenueColumnAmt |
| Exclusion | $31,301 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $188,662 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $188,662 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $188,662 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $46,104,002 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $11,116,567 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $9,359,328 | UnrelatedBusinessRevenueAmt |
| Exclusion | $31,301 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,000 | TotalAmt |
| Program Services | $75,000 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $370,540 | TotalAmt |
| Program Services | $355,516 | ProgramServicesAmt |
| Management And General | $10,213 | ManagementAndGeneralAmt |
| Fundraising | $4,811 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,494,096 | TotalAmt |
| Program Services | $9,109,150 | ProgramServicesAmt |
| Management And General | $261,680 | ManagementAndGeneralAmt |
| Fundraising | $123,266 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,910,076 | TotalAmt |
| Program Services | $1,832,631 | ProgramServicesAmt |
| Management And General | $52,646 | ManagementAndGeneralAmt |
| Fundraising | $24,799 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $831,443 | TotalAmt |
| Program Services | $797,731 | ProgramServicesAmt |
| Management And General | $22,917 | ManagementAndGeneralAmt |
| Fundraising | $10,795 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $355,847 | TotalAmt |
| Program Services | $274,515 | ProgramServicesAmt |
| Management And General | $73,620 | ManagementAndGeneralAmt |
| Fundraising | $7,712 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $219,318 | TotalAmt |
| Program Services | $169,191 | ProgramServicesAmt |
| Management And General | $45,374 | ManagementAndGeneralAmt |
| Fundraising | $4,753 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $449,970 | TotalAmt |
| Program Services | $347,125 | ProgramServicesAmt |
| Management And General | $93,093 | ManagementAndGeneralAmt |
| Fundraising | $9,752 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $855,751 | TotalAmt |
| Program Services | $855,751 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,179,748 | TotalAmt |
| Program Services | $1,096,884 | ProgramServicesAmt |
| Management And General | $68,891 | ManagementAndGeneralAmt |
| Fundraising | $13,973 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $542,748 | TotalAmt |
| Program Services | $542,748 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $872,657 | TotalAmt |
| Program Services | $872,657 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $191,101 | TotalAmt |
| Program Services | $183,353 | ProgramServicesAmt |
| Management And General | $5,267 | ManagementAndGeneralAmt |
| Fundraising | $2,481 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,557 | TotalAmt |
| Program Services | $40,712 | ProgramServicesAmt |
| Management And General | $845 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $918,430 | TotalAmt |
| Program Services | $917,130 | ProgramServicesAmt |
| Management And General | $1,300 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,491 | TotalAmt |
| Program Services | $107,491 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| DELIVERY | $2,532,402 | $2,532,402 |
| PRINTING | $1,694,609 | $1,694,609 |
| CONSERVATORY STARTUP | $1,417,237 | $1,417,237 |
| DUES & SUBSCRIPTIONS | $31,739 | $31,739 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $341,277 | TotalAmt |
| Program Services | $334,339 | ProgramServicesAmt |
| Management And General | $6,938 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,433,037 | TotalAmt |
| Program Services | $23,587,911 | ProgramServicesAmt |
| Management And General | $642,784 | ManagementAndGeneralAmt |
| Fundraising | $202,342 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,773,998 | BOYAmt |
| EOY | $6,065,464 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,279 | BOYAmt |
| EOY | $832,121 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $968,250 | BOYAmt |
| EOY | $6,819,877 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,845,000 | BOYAmt |
| EOY | $1,548,493 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $610,342 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $1,314,821 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $3,338,789 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $279,985 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $3,058,804 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,317 | BOYAmt |
| EOY | $14,294,185 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,394 | BOYAmt |
| EOY | $6,120,615 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,772,238 | BOYAmt |
| EOY | $40,664,722 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,229 | BOYAmt |
| EOY | $1,436,109 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $161,695 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,500,000 | BOYAmt |
| EOY | $3,550,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $10,643,657 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,545,229 | BOYAmt |
| EOY | $15,791,461 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,070,301 | BOYAmt |
| EOY | $19,873,261 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,156,708 | BOYAmt |
| EOY | $5,000,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,227,009 | BOYAmt |
| EOY | $24,873,261 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,772,238 | BOYAmt |
| EOY | $40,664,722 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $21,670,965 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | -$24,713 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $1,406,595 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,138,839 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $25,596,806 | CurrentTaxYearAmt |
| Total | $31,142,240 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $1,406,595 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,138,839 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $25,596,806 | CurrentTaxYearAmt |
| Total | $31,142,240 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $18,373,966 | SubstantialContributorsTotAmt |
| Public Support Total170 | $12,768,274 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $64,336 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $93,999 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $31,301 | CurrentTaxYearAmt |
| Total | $189,636 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $31,331,876 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $11,624,310 | GrossReceiptsRltdActivitiesAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,633,875 | OtherCostOrOtherBasisAmt |
| Depreciation | $67,177 | DepreciationAmt |
| Book Value | $1,566,698 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,674,164 | OtherCostOrOtherBasisAmt |
| Depreciation | $210,266 | DepreciationAmt |
| Book Value | $1,463,898 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $30,750 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,542 | DepreciationAmt |
| Book Value | $28,208 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $3,058,804 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| ACCRUED INCOME | $4,594 |
| RIGHT OF USE LEASE ASSET | $6,116,021 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $6,120,615 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (8 entries)
| DescDesc | AmtAmt |
|---|---|
| CIRC SALES TAX PAYABLE | $58,027 |
| PREPAID SUBSCRIBER LIABILITY | $3,988,441 |
| ADVERTISING TRADE LIABILITY | $79,671 |
| PREPAID ADVERTISING CUSTOMER LIABILITY | $228,261 |
| OTHER CURRENT LIABILITIES | $106,348 |
| ACCRUED INTEREST PAYABLE | $30,773 |
| CURRENT LEASE LIABILITIES | $588,450 |
| NON-CURRENT LEASE LIABILITIES | $5,563,686 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $10,643,657 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | NATIONAL TRUST FOR LOCAL NEWS (NTLN) IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND TITLE 39 OF THE COLORADO REVISED STATUTES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES OR RELATED CREDITS IS INCLUDED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. COLORADO TRUST FOR LOCAL NEWS, LLC (CTLN) IS TAXED AS A CORPORATION FOR THE YEAR ENDED DECEMBER 31, 2023 AND WILL CONVERT TO A SINGLE MEMBER LLC FOR TAX PURPOSES BEGINNING JANUARY 1, 2024. DEFERRED INCOME TAXES ARE PROVIDED FOR ACCUMULATED TEMPORARY DIFFERENCES DUE TO BASIS DIFFERENCES FOR ASSETS AND LIABILITIES FOR FINANCIAL REPORTING AND INCOME TAX PURPOSES. ALL FEDERAL AND STATE CURRENT AND DEFERRED TAX ITEMS FOR CTLN ARE CONSIDERED BY MANAGEMENT TO BE INSIGNIFICANT TO THE CONSOLIDATED FINANCIAL STATEMENTS AS A WHOLE. MAINE TRUST FOR LOCAL NEWS (METLN) IS A L3C AND GEORGIA TRUST FOR LOCAL NEWS, LLC (GTLN) ARE SINGLE MEMBER LLCS AND ARE DISREGARDED ENTITIES FOR FEDERAL INCOME TAX PURPOSES. UNDER MAINE LAW, METLN IS NOT SUBJECT TO STATE INCOME TAX. UNDER GEORGIA LAW, GTLN IS NOT SUBJECT TO STATE INCOME TAX. NTLN IS SUBJECT TO A TAX ON INCOME EARNED FROM ANY UNRELATED BUSINESS ACTIVITY. THE ORGANIZATION FILES AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS AND EQUIVALENT COLORADO RETURN, TO REPORT ITS UNRELATED BUSINESS TAXABLE INCOME. NATIONAL TRUST HAS ADOPTED THE ACCOUNTING STANDARD RELATED TO UNCERTAINTIES IN INCOME TAXES. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY NATIONAL TRUST IN ITS FEDERAL AND STATE TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION; THEREFORE, NO LIABILITY FOR UNRECOGNIZED INCOME TAX BENEFITS HAS BEEN RECORDED AS OF DECEMBER 31, 2023. NTLN, METLN, CTLN, AND GTLN ARE SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS BACK TO INCEPTION OF EACH RESPECTIVE ENTITY. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COLORADO TRUST FOR LOCAL NEWS | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 750 W HAMPDEN AVE | AddressLine1Txt |
| City | ENGLEWOOD | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 863310521 | RecipientEIN |
| Cash Grant | $75,000 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | TELLURAY REPORTER, FOR THE ADDITIONAL REPORTING AT THE LITTLETON INDEPENDENT. BEYOND PRINT GRANT - SUPPORT A BILINGUAL NEWSLETTER IN COMMERCE CITY, COLORADO. | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 0 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | PROGRAM ACCOUNTING IS RECONCILED MONTHLY AND REVIEWED FOR APPROPRIATE EXPENDITURES. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ELIZABETH HANSEN SHAPIRO | ||||||||||||||
| CEO | $293,243 | $0 | $77,297 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $370,540 | $0 | $0 | $0 |
| CAROLINE ROSS | ||||||||||||||
| CHIEF OF STAFF | $154,458 | $0 | $33,550 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $188,008 | $0 | $0 | $0 |
| WILLIAM NELLIGAN | ||||||||||||||
| CHIEF GROWTH OFFICER | $131,798 | $0 | $20,330 | $0 | $10,007 | $0 | $0 | $0 | $0 | $0 | $162,135 | $0 | $0 | $0 |
| PHILLIP R MCDUFFIE | ||||||||||||||
| CHIEF PORTFOLIO OFFICER | $112,087 | $0 | $43,563 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $155,650 | $0 | $0 | $0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $249,203 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE COLUMN REPRESENTS THE NUMBER OF CONTRIBUTORS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 2 | THE NATIONAL TRUST FOR LOCAL NEWS (NTLN) ESTABLISHED MAINE TRUST FOR LOCAL NEWS, L3C AND GEORGIA TRUST FOR LOCAL NEWS, LLC TO CONTINUE THE EXPANSION OF ITS COMMUNITY NEWSPAPER NETWORK IN MAINE AND GEORGIA. NTLN ALSO ESTABLISHED COMMUNITY NEWS INFRASTRUCTURE, LLC TO ALLOW FOR THE ACQUISITION OF PRINTING PRESSES AND OTHER INFRASTRUCTURE TO SUPPORT THE NEWSPAPER OPERATIONS IN COLORADO, GEORGIA AND ANY FUTURE LOCATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | ONE MEMBER OF THE BOARD SHALL BE NAMED BY THE PUBLIC MEDIA VENTURE GROUP (PMVG) AS A PERMANENT SEAT ON THE BOARD. MARC HAND, A BOARD CHAIR OF THE ORGANIZATION, IS THE CEO AND FOUNDER OF PMVG. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 WAS REVIEWED BY STAFF BEFORE IT WAS SENT TO BOARD CHAIRMAN FOR REVIEW AND APPROVAL. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION MAINTAINS A BOARD-ADOPTED CONFLICT OF INTEREST POLICY THAT REQUIRES OFFICERS AND DIRECTORS TO DISCLOSE ANY TRANSACTIONS OR ARRANGEMENTS INVOLVING AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST. OFFICERS OR DIRECTORS WHO HAVE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST MUST RECUSE THEMSELVES FROM ANY BOARD DISCUSSION OR VOTE ON SUCH PROPOSED ARRANGEMENT OR TRANSACTION. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE ORGANIZATION'S BOARD MEMBERS REVIEWED COMPENSATION BENCHMARKS BASED ON THE COMPENSATION INFORMATION FROM FORMS 990 OF ORGANIZATIONS OPERATING IN THE SAME SECTOR, AND OF COMPARABLE SIZE AND COMPLEXITY. PER THOSE BENCHMARKS, THE BOARD MEMBERS (OTHER THAN THE CEO) UNANIMOUSLY AGREED THAT THE COMPENSATION OF THE CURRENT CEO AND COO WAS REASONABLE AND APPROPRIATE FOR THEIR ROLES AND THE SIZE OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | MADE AVAILABLE UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | NO CHANGE IN THE PROCESS FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| MAINE TRUST FOR LOCAL NEWS L3C | |||||||||
| 750 W HAMPDEN AVE SUITE 225 | ENGLEWOOD | CO | 80110 | 932398532 | NEWSPAPER PUBLISHING | ME | $18,822,837 | $25,702,709 | NATIONAL TRUST FOR LOCAL NEWS |
| GEORGIA TRUST FOR LOCAL NEWS LLC | |||||||||
| 750 W HAMPDEN AVE SUITE 225 | ENGLEWOOD | CO | 80110 | 934710374 | NEWSPAPER PUBLISHING | GA | $2,879,737 | $3,633,046 | NATIONAL TRUST FOR LOCAL NEWS |
| COMMUNITY NEWS INFRASTRUCTURE LLC | |||||||||
| 750 W HAMPDEN AVE SUITE 225 | ENGLEWOOD | CO | 80110 | 990556702 | NEWSPAPER OPERATIONS SUPPORT | CO | $0 | $0 | NATIONAL TRUST FOR LOCAL NEWS |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COLORADO TRUST FOR LOCAL NEWS | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 750 W HAMPDEN AVE | AddressLine1Txt |
| City | ENGLEWOOD | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 863310521 | EIN |
| Primary Activities | NEWSPAPER PUBLISHING | PrimaryActivitiesTxt |
| Legal Domicile State | CO | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL TRUST FOR LOCAL NEWS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $4,408,767 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $1,213,529 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| COLORADO TRUST FOR LOCAL NEWS DBA COLORADO COMMUNITY MEDIA | ||
| D | $1,568,493 | FMV |
| COLORADO TRUST FOR LOCAL NEWS DBA COLORADO COMMUNITY MEDIA | ||
| B | $75,000 | FMV |
Comments