2020-11-16T16:41:59-06:00 2020-06-30 952694444 CONSIDINE & CONSIDINE 8989 RIO SAN DIEGO DRIVE SUITE 250 SAN DIEGO CA 92108 990 2019-07-01 270732786 INVESTIGATIVE NEWSOURCE INVE 6195945100 5500 CAMPANILE DRIVE PSFA 361C SAN DIEGO CA 92182 LORIE HEARN CEO AND EDITOR 6195945100 2020-11-14 1 RICHARD HOTZ P00452784 6192311977 2020-11-14 38.105.18.254 2020-11-14 09:07:22 PS P 3952F0B1A2F7BA32774748461926331F3D79D4DA 4448B4BA8BF36B36FFC34C47824464D676AF1B2D 2019 2021-01-29 14:40:06Z INEWSOURCE LORIE HEARN 5500 CAMPANILE DRIVE PSFA 361C SAN DIEGO CA 92182 1750785 0 X WWW.INEWSOURCE.ORG X 2009 CA TO EDUCATE THE PUBLIC, CONDUCT PUBLIC INTEREST RESEARCH, IMPROVE SOCIAL CONDITIONS, BETTER SERVE THE PUBLIC INTEREST BY PROVIDING DATA-DRIVEN INVESTIGATIVE JOURNALISM IN SAN DIEGO AND IMPERIAL COUNTIES. 17 16 20 0 0 0 1119925 1738915 1000 9024 1642 2846 0 0 1122567 1750785 0 0 0 0 855013 977097 0 0 183697 228421 256238 1083434 1233335 39133 517450 1176687 1875934 34122 216203 1142565 1659731 THE MISSION OF INVESTIGATIVE NEWSOURCE IS TO PRODUCE INVESTIGATIVE JOURNALISM THAT INFORMS CITIZENS OF SAN DIEGO AND IMPERIAL COUNTIES. 0 0 934183 9771 INVESTIGATIVE NEWSOURCE SATISFIES A NEED FOR DEEP, THOUGHTFUL, DATA-DRIVEN JOURNALISM THAT ILLUMINATES GOVERNMENT ACTIONS, ACCOUNTS FOR PUBLIC MONIES, PROVOKES A SEARCH FOR SOLUTIONS TO GOVERNMENTAL AND SOCIETAL PROBLEMS, STRENGTHENS DEMOCRACY IN THE REGION, AND TRAINS FUTURE INVESTIGATIVE JOURNALISTS. 934183 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 5 0 1 20 1 0 0 0 0 0 0 0 0 0 0 X 17 16 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X LORIE HEARN 6195945100 5500 CAMPANILE DRIVE PSFA 361C SAN DIEGO CA 92182 KARIN WINNER PRESIDENT 20.00 X X 0 0 0 MEL KATZ VICE PRESIDENT 2.00 X X 0 0 0 DAVID FUHRIMAN TREASURER 3.00 X X 0 0 0 STACY ROSENBERG SECRETARY 2.00 X X 0 0 0 STEPHANIE BERGSMA BOARD MEMBER 3.00 X 0 0 0 JOYCE GATTAS BOARD MEMBER 1.00 X 0 0 0 BRANT HOUSTON BOARD MEMBER 1.00 X 0 0 0 BERNARD KULCHIN BOARD MEMBER 1.00 X 0 0 0 CHARLES LEWIS BOARD MEMBER 1.00 X 0 0 0 NITA VAN DER WERFF BOARD MEMBER 1.00 X 0 0 0 HEATHER BERGMAN BOARD MEMBER 2.00 X 0 0 0 AMY GINNOW BOARD MEMBER 1.00 X 0 0 0 KITTY WOLCOTT BOARD MEMBER 4.00 X 0 0 0 MARTHA DENNIS BOARD MEMBER 3.00 X 0 0 0 MATTHEW HALGREN BOARD MEMBER 1.00 X 0 0 0 SANDRA TIMMONS BOARD MEMBER 3.00 X 0 0 0 LORIE HEARN CEO AND EDITOR 40.00 X 113657 0 0 113657 0 0 1 0 0 0 0 1738915 1738915 MISCELLANEOUS REVENUE 519100 9024 9024 9024 2099 2099 747 0 747 747 747 1750785 9771 0 2099 126634 100041 9497 17096 730366 576989 54778 98599 48747 38510 3656 6581 71350 56367 5351 9632 254 254 55775 42761 6817 6197 32889 32889 13460 8453 4442 565 61562 45063 13421 3078 261 199 22 40 856 599 77 180 20540 19718 822 5774 4388 520 866 25619 12980 10077 2562 JOB RECRUITMENT 25641 20256 1923 3462 PARKING 4952 3912 371 669 BANK FEES 3863 39 3824 MEALS 3402 2688 255 459 1390 1220 170 1233335 934183 115455 183697 48222 93562 634830 1409960 455000 321602 46983 24766 10844 22217 25416 26218 2375 2375 1176687 1875934 34122 53103 0 163100 34122 216203 X 970009 1031998 172556 627733 1142565 1659731 1176687 1875934 517450 -284 0 X 0 1 X 1 0 X 966646 655020 1520606 1177975 1738915 6059162 22194 44972 44018 1000 9024 121208 988840 699992 1564624 1178975 1747939 6180370 270200 232951 260185 315788 405503 1484627 0 270200 232951 260185 315788 405503 1484627 4695743 755 804 1178 99 2308 5144 755 804 1178 99 2308 5144 5315 5315 989595 700796 1571117 1179074 1750247 6190829 0.75850 0.77530 0.00080 0.00060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25416 1056 254 26218 24432 1229 245 25416 23130 1542 240 24432 20507 500 2339 216 23130 20000 745 -64 174 20507 0.37820 0.62180 0 0 26931 22144 4787 20052 2622 17430 22217 X 1830437 -284 80190 79906 1750531 254 254 1750785 1313271 80190 80190 1233081 254 254 1233335 PART V, LINE 4: FUNDS ARE TO HELP SUPPORT THE GENERAL PURPOSE OF THE ORGANIZATION. PART X, LINE 2: THE ORGANIZATION FOLLOWS ACCOUNTING STANDARDS WHICH CLARIFY THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS AND RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT ALSO PROVIDES GUIDANCE ON DERECOGNITION AND MEASUREMENT OF A TAX POSITION OR TO BE TAKEN IN A TAX RETURN. AS OF JUNE 30, 2020, THE ORGANIZATION HAS NOT ACCRUED INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES MATTHEW HALGREN BOARD MEMBER 21107 MATTHEW HALGREN, BOARD MEMBER, IS EMPLOYED BY SHEPPARD MULLIN RICHTER & HAMPTON, LLP, WHICH IS INEWSOURCE'S LEGAL FIRM. THE LAW FIRM PROVIDES PREPUBLICATION SERVICES WHICH IS DESCRIBED IN SCHEDULE L. 0 DAVID AND LETICIA FUHRIMAN BOARD MEMBER 22138 DAVID FUHRIMAN, BOARD MEMBER, IS THE SPOUSE OF LETICIA FUHRIMAN, INDEPENDENT CONTRACTOR OF INEWSOURCE. THE BOARD HAS DIRECTED THAT FUHRIMAN CANNOT VOTE ON OR PARTICIPATE IN DISCUSSIONS REGARDING HIS WIFE'S COMPENSATION OR EVALUATIONS, AND IF NEEDED, HE WILL BE ASKED TO LEAVE A BOARD MEETING IF SUCH CONVERSATIONS ARE INITIATED. IN ADDITION, FUHRIMAN HAS NO ROLE IN OR OVERSIGHT OF ANNUAL AUDITS. 0 FORM 990, PART VI, SECTION A, LINE 2 STEPHANIE BERGSMA AND AMY GINNOW ARE SISTERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S BOARD OF DIRECTORS REVIEWS FORM 990 PRIOR TO ITS FILING AND THE TREASURER REVIEWS AND APPROVES FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICTS OF INTEREST POLICY IS DISTRIBUTED TO NEW EMPLOYEES AND BOARD MEMBERS OF THE ORGANIZATION AND THE POLICY IS REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES COMPARABILITY DATA FROM SIMILAR ORGANIZATIONS TO MEASURE REASONABLE COMPENSATION. IF APPLICABLE, THE BOARD OF DIRECTORS APPROVES ALL COMPENSATION FOR OFFICERS AND KEY EMPLOYEES THAT IS IN EXCESS OF $100,000. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE UPON REQUEST. ADDITIONAL INFORMATION: MATTHEW HALGREN (BOARD MEMBER) IS EMPLOYED BY SHEPPARD MULLIN RICHTER & HAMPTON, LLP, WHICH IS INVESTIGATIVE NEWSOURCE'S LAW FIRM. THEY PROVIDE PREPUBLICATION SERVICES FOR THE ORGANIZATION. GUYLYN CUMMINS (FORMER BOARD MEMBER) WAS ALSO EMPLOYED BY SHEPPARD MULLIN RICHTER & HAMPTON, LLP, BUT RETIRED AT THE END OF 2018. CUMMINS REPRESENTED THE ORGANIZATION IN A LAWSUIT UNTIL HER RETIREMENT, AND PAYMENT WAS COVERED BY THE ORGANIZATION'S INSURANCE COMPANY. BECAUSE THE PAYMENTS WERE PAID BY OUR INSURANCE, WE ARE NOT REQUIRED TO DISCLOSE THE TRANSACTION IN THE 990, BUT ARE DOING SO IN THE SPIRIT OF TRANSPARENCY.