2022-11-15T10:58:43-06:00 2021-12-31 WITHUMSMITHBROWNPC 4600 EAST WEST HWY 900 NEW YORK NY 208143423 990 2021-01-01 862022385 National Trust for Local News % ELIZABETH HANSEN SHAPIRO NATI 9145239019 405 Waltham Street 319 Lexington MA 02421 Elizabeth Hansen Shapiro Co-Founder & CEO 9145239019 2022-11-15 true Elizabeth Hansen Shapiro 999009999 ISRAEL TANNENBAUM CPA P01589203 3012726000 2022-10-28 3 2021 2022-09-23 18:48:47Z X X X Elizabeth Hansen Shapiro 405 Waltham Street 319 Lexington MA 02421 1919431 false X https://www.nationaltrustforlocalnews.org/ X 2021 CO The National Trust for Local News is dedicated to revitalizing community newspapers and ensuring that local news stays in local hands. 4 3 4 3 0 0 1406595 0 448500 0 64336 0 0 0 1919431 0 0 0 0 0 353385 0 0 58211 0 304961 0 658346 0 1261085 0 2796118 0 1535033 0 1261085 X SEE SCHEDULE O false false 410823 0 448500 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 in-depth 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. 410823 true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false 7 0 true 4 true false false false false false false false false false false false false false X 4 3 false false true false false true false true true false false true true true true true true true true false CO X ELIZABETH HANSEN SHAPIRO 9145239019 405 WALTHAM STREET 319 Lexington MA 02421 X LILIAN RUIZ COO & CO-FOUNDER 40.0 0.0 X 136903 0 0 Elizabeth A Hansen PhD CHIEF EXECUTIVE OFFICER 40.0 0.0 X 116667 0 0 Fraser Nelson Managing Director 40.0 0.0 X 116386 0 0 Marc Hand BOARD CHAIR BEGINNING Dec 2021 10.0 0.0 X X 40200 0 0 John Wotowicz BOARD DIRECTOR 10.0 0.0 X 0 0 0 Ju-Don Marshall BOARD DIRECTOR 10.0 0.0 X 0 0 0 Steven Waldman BOARD CHAIR, THROUGH DEC 2021 10.0 0.0 X 0 0 0 410156 0 0 3 false false false 0 1406595 1406595 ADVISORY REVENUE 900099 448500 448500 448500 64336 64336 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1919431 448500 64336 0 0 0 0 293770 203589 48960 41221 0 28715 19900 4786 4029 0 0 30900 21320 5244 4336 0 0 10058 10058 0 0 0 196790 90740 97425 8625 0 15987 680 15307 0 0 2904 2904 10271 10271 0 0 64323 64323 0 0 3686 3686 AMORTIZATION EXPENSE 942 942 658346 410823 189312 58211 0 435737 0 150060 0 0 0 875200 0 0 0 0 0 1300000 0 0 0 7201 0 0 0 0 0 0 0 0 0 0 0 27920 0 2796118 0 1498 0 0 0 0 0 0 0 0 0 0 0 0 0 1533535 0 0 0 1535033 X 0 1261085 0 0 0 1261085 0 2796118 1261085 X false false false X 0 0 0 0 1406595 1406595 0 0 0 0 0 0 1406595 1406595 0 1406595 64336 64336 0 0 1470931 448500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION The National Trust for Local News is a nonprofit dedicated to keeping local news in local hands. We work with communities to catalyze the capital, new ownership structures, and business model transformations needed for established local and community news organizations to thrive and remain deeply grounded in their communities. FORM 990, PART VI, SECTION B, LINE 11B: THE ORGANIZATOIN'S EXECUTIVE DIRECTOR REVIEWS AND APPROVES THE ORGANIZATION'S DRAFT IRS FORM 990. BEFORE FILING WITH THE IRS, THE ED SENDS THE FORM 990 TO THE BOARD FOR ITS 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 C, LINE 19 MADE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B LINE 15 THE ORGANIZATION'S BOARD MEMBERS REVIEWED COMPENSATION BENCHMARKS BASED ON THE COMPENSATION INFORMATION FROM FORM 990S 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 CFO WAS REASONABLE AND APPROPRIATE FOR THEIR ROLES AND THE SIZE OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION FILED AN ARTICLE OF AMENDMENT IN MARCH 2021 TO CHANGE ITS NAME FROM THE LOCAL NEWS CONSERVANCY TO NATIONAL TRUST FOR LOCAL NEWS. 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 VII, SECTION A THE ORGANIZATION HAS A CONTRACT AGREEMENT WITH MARC HAND, THE CURRENT BOARD CHAIR AND FORMER TREASURER OF THE ORGANIZATION, TO ENGAGE HIM ON AN ONGOING BASIS AS A CONSULTANT TO PROVIDE HIS UNIQUE EXPERTISE IN THE CREATION OF FINANCIAL MECHANISM to support its mission, assistance in reviewing and guiding the ORGANIZATION'S transactions, and public media mergers and acquisitions. THE COMPENSATION REPORTED ON PART VII FOR MARC SOLELY REPRESENTS THE COMPENSATION FOR HIS ROLE AS A CONSULTANT. HE WAS NOT COMPENSATED AS A CURRENT BOARD CHAIR OR FORMER TREASURER OF THE BOARD OF THE ORGANIZATION. FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTANTS TOTAL FEES:183490 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING TOTAL FEES:13300