NATIONAL TRUST FOR LOCAL NEWS: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
NATIONAL TRUST FOR LOCAL NEWS (EIN 86-2022385)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-18
IRS object ID
202523229349302237
Schema version
2024v5.2
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 ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-18T15:43:45-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN941254756PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HOOD & STRONG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12580 N 1ST ST STE 460AddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95131ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN862022385EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NATIONAL TRUST FOR LOCAL NEWSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNATIBusinessNameControlTxt
Phone3035664074PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1143 S 2ND PLAddressLine1Txt
CityBRIGHTONCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80601ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGREG CURLINGPersonNm
Person TitleCFOPersonTitleTxt
Phone3035664074PhoneNum
Signature2025-11-18SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMAGA E KISRIEVPreparerPersonNm
PTINP01008919PTIN
Phone4089988400PhoneNum
Preparation2025-11-18PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerELIZABETH HANSEN SHAPIROPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1143 S 2ND PLAddressLine1Txt
CityBRIGHTONCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80601ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$53,039,103GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTPS://WWW.NATIONALTRUSTFORLOCALNEWS.ORG/WebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2021FormationYr
Legal Domicile StateCOLegalDomicileStateCd
Activity Or MissionTHE NATIONAL TRUST FOR LOCAL NEWS IS DEDICATED TO REVITALIZING COMMUNITY NEWSPAPERS.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee606TotalEmployeeCnt
Total Volunteers8TotalVolunteersCnt
Total Gross UBI$24,104,729TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$25,596,806PYContributionsGrantsAmt
CY Contributions Grants$5,007,558CYContributionsGrantsAmt
PY Program Service Revenue$20,287,233PYProgramServiceRevenueAmt
CY Program Service Revenue$46,249,898CYProgramServiceRevenueAmt
PY Investment Income$31,301PYInvestmentIncomeAmt
CY Investment Income$44,293CYInvestmentIncomeAmt
PY Other Revenue$188,662PYOtherRevenueAmt
CY Other Revenue$1,737,354CYOtherRevenueAmt
PY Total Revenue$46,104,002PYTotalRevenueAmt
CY Total Revenue$53,039,103CYTotalRevenueAmt
PY Grants And Similar Paid$75,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$12,606,155PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$33,696,684CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$525,720CYTotalFundraisingExpenseAmt
PY Other Expenses$11,751,882PYOtherExpensesAmt
CY Other Expenses$27,269,360CYOtherExpensesAmt
PY Total Expenses$24,433,037PYTotalExpensesAmt
CY Total Expenses$60,966,044CYTotalExpensesAmt
PY Revenues Less Expenses$21,670,965PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$7,926,941CYRevenuesLessExpensesAmt
Total Assets BOY$40,664,722TotalAssetsBOYAmt
Total Assets EOY$34,073,910TotalAssetsEOYAmt
Total Liabilities BOY$15,791,461TotalLiabilitiesBOYAmt
Total Liabilities EOY$18,047,234TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$24,873,261NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$16,026,676NetAssetsOrFundBalancesEOYAmt
MissionTHE NATIONAL TRUST FOR LOCAL NEWS IS A NON-PROFIT DEDICATED TO CONSERVING, TRANSFORMING, AND SUSTAINING COMMUNITY NEWS ORGANIZATIONS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$58,897,084ExpenseAmt
Grant$0GrantAmt
Revenue$47,987,252RevenueAmt
DescTHE NATIONAL TRUST FOR LOCAL NEWS (NTLN) OWNS AND OPERATES COMMUNITY NEWS ORGANIZATIONS IN SERVICE OF THEIR PUBLIC SERVICE MISSION. 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$58,897,084TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document464IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee606EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCOStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GREG CURLINGBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3035664074PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1143 S 2ND PLAddressLine1Txt
CityBRIGHTONCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80601ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
MARC HAND
CHAIRMAN10.00Yes (X)Yes (X)$0$0$0
KEITH MESTRICH
DIRECTOR10.00Yes (X)$0$0$0
LISA BORDERS
DIRECTOR10.00Yes (X)$0$0$0
DANIELLE BOZARTH
DIRECTOR10.00Yes (X)$0$0$0
MARCUS BRAUCHLI
DIRECTOR10.00Yes (X)$0$0$0
SIMONE COXE
DIRECTOR10.00Yes (X)$0$0$0
LOUIS GOLDSTEIN
DIRECTOR10.00Yes (X)$0$0$0
MIZELL STEWART
DIRECTOR10.00Yes (X)$0$0$0
ELIZABETH HANSEN SHAPIRO
CEO40.00Yes (X)$386,485$0$0
CHERI MASI
VP FINANCE40.00Yes (X)$168,974$0$22,731
PHILLIP R MCDUFFIE
CHIEF PORTFOLIO OFFICER40.00Yes (X)$310,000$0$44,496
WILLIAM NELLIGAN
CHIEF DEVELOPMENT OFFICER40.00Yes (X)$230,000$0$25,741
CAROLINE ROSS
CHIEF OPERATING OFFICER40.00Yes (X)$230,000$0$9,200
ORLANDO E COMAS
HEAD OF ADVERTISING40.00$184,028$0$47,944Yes (X)
RODNEY GIBBS
HEAD OF PRODUCT40.00$158,333$0$34,972Yes (X)
AMALIE NASH
HEAD OF TRANSFORMATION40.00$184,028$0$27,167Yes (X)
CAROLINE PORTER
DIR, STRATEGIC P'SHIP (THRU 10/4/24)40.00$110,308$0$39,388Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,962,156TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$251,639TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K9IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HARDING CONSULTINGBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1830 VINE STREETAddressLine1Txt
CityDENVERCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80206ZIPCd
FieldValueIRS element (for citing)
ServicesCONSULTINGServicesDesc
Compensation$105,000CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
All Other Contributions$5,007,558AllOtherContributionsAmt
Total Contributions$5,007,558TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
PUBLICATION REVENUE513110$41,736,491$22,145,169$19,591,322
PRINTING REVENUE513110$4,513,407$4,513,407
FieldValueIRS element (for citing)
Total Program Service Revenue$46,249,898TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$44,293TotalRevenueColumnAmt
Exclusion$44,293ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
EARNED INCOME900099$1,513,622$1,513,622
REIMB, OTHER REVENUE900099$223,732$223,732
FieldValueIRS element (for citing)
Other Revenue Total$1,737,354OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$53,039,103TotalRevenueColumnAmt
Related Or Exempt Func Income$23,882,523RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$24,104,729UnrelatedBusinessRevenueAmt
Exclusion$44,293ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$2,064,100TotalAmt
Program Services$1,980,409ProgramServicesAmt
Management And General$56,892ManagementAndGeneralAmt
Fundraising$26,799FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$24,539,925TotalAmt
Program Services$23,544,933ProgramServicesAmt
Management And General$676,379ManagementAndGeneralAmt
Fundraising$318,613FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$5,008,396TotalAmt
Program Services$4,805,327ProgramServicesAmt
Management And General$138,043ManagementAndGeneralAmt
Fundraising$65,026FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$2,084,263TotalAmt
Program Services$1,999,755ProgramServicesAmt
Management And General$57,447ManagementAndGeneralAmt
Fundraising$27,061FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$969,547TotalAmt
Program Services$747,947ProgramServicesAmt
Management And General$200,587ManagementAndGeneralAmt
Fundraising$21,013FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$476,332TotalAmt
Program Services$367,461ProgramServicesAmt
Management And General$98,547ManagementAndGeneralAmt
Fundraising$10,324FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$388,880TotalAmt
Program Services$299,998ProgramServicesAmt
Management And General$80,454ManagementAndGeneralAmt
Fundraising$8,428FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,581,167TotalAmt
Program Services$1,581,167ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,980,001TotalAmt
Program Services$2,721,879ProgramServicesAmt
Management And General$214,597ManagementAndGeneralAmt
Fundraising$43,525FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,425,868TotalAmt
Program Services$1,425,868ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,361,872TotalAmt
Program Services$2,361,872ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$379,760TotalAmt
Program Services$364,362ProgramServicesAmt
Management And General$10,467ManagementAndGeneralAmt
Fundraising$4,931FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$69,793TotalAmt
Program Services$68,375ProgramServicesAmt
Management And General$1,418ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,379,314TotalAmt
Program Services$2,375,946ProgramServicesAmt
Management And General$3,368ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$289,777TotalAmt
Program Services$289,777ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
DELIVERY$7,149,343$7,149,343
PRINTING$4,877,229$4,877,229
CONSERVATORY STARTUP$1,402,969$1,402,969
DUES & SUBSCRIPTIONS$110,705$110,705

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$426,803TotalAmt
Program Services$421,762ProgramServicesAmt
Management And General$5,041ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$60,966,044TotalAmt
Program Services$58,897,084ProgramServicesAmt
Management And General$1,543,240ManagementAndGeneralAmt
Fundraising$525,720FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$6,065,464BOYAmt
EOY$2,497,609EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$832,121BOYAmt
EOY$1,203,815EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$6,819,877BOYAmt
EOY$5,795,896EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$1,548,493BOYAmt
EOY$30,000EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$610,342BOYAmt
EOY$665,370EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,314,821BOYAmt
EOY$557,287EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$4,509,370LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,056,436LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,058,804BOYAmt
EOY$3,452,934EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$14,294,185BOYAmt
EOY$13,548,760EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$6,120,615BOYAmt
EOY$6,322,239EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$40,664,722BOYAmt
EOY$34,073,910EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,436,109BOYAmt
EOY$3,424,865EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$161,695BOYAmt
EOY$292,911EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$3,550,000BOYAmt
EOY$2,541,733EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$10,643,657BOYAmt
EOY$11,787,725EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$15,791,461BOYAmt
EOY$18,047,234EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$19,873,261BOYAmt
EOY$14,338,176EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,000,000BOYAmt
EOY$1,688,500EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$24,873,261BOYAmt
EOY$16,026,676EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$40,664,722BOYAmt
EOY$34,073,910EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$7,926,941ReconcilationRevenueExpnssAmt
Prior Period Adjustments-$919,644PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$1,406,595CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,138,839CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$25,596,806CurrentTaxYearMinus1YearAmt
Current Tax Year$5,007,558CurrentTaxYearAmt
Total$36,149,798TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$1,406,595CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,138,839CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$25,596,806CurrentTaxYearMinus1YearAmt
Current Tax Year$5,007,558CurrentTaxYearAmt
Total$36,149,798TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$19,896,003SubstantialContributorsTotAmt
Public Support Total170$16,253,795PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$64,336CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$93,999CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$31,301CurrentTaxYearMinus1YearAmt
Current Tax Year$44,293CurrentTaxYearAmt
Total$233,929TotalAmt
FieldValueIRS element (for citing)
Total Support$36,383,727TotalSupportAmt
Gross Receipts Rltd Activities$35,506,833GrossReceiptsRltdActivitiesAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,970,919OtherCostOrOtherBasisAmt
Depreciation$67,177DepreciationAmt
Book Value$1,903,742BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,475,020OtherCostOrOtherBasisAmt
Depreciation$977,349DepreciationAmt
Book Value$1,497,671BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$63,431OtherCostOrOtherBasisAmt
Depreciation$11,910DepreciationAmt
Book Value$51,521BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,452,934TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDescBook ValueBookValueAmt
ACCRUED INCOME$5,989
RIGHT OF USE LEASE ASSET$6,239,187
OTHER ASSETS$56,339
DEPOSITS$20,724
FieldValueIRS element (for citing)
Total Book Value Other Assets$6,322,239TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (8 entries)

DescDescAmtAmt
CIRC SALES TAX PAYABLE$63,515
PREPAID SUBSCRIBER LIABILITY$4,623,698
ADVERTISING TRADE LIABILITY$286,147
PREPAID ADVERTISING CUSTOMER LIABILITY$339,864
OTHER CURRENT LIABILITIES$7,952
ACCRUED INTEREST PAYABLE$35,979
CURRENT LEASE LIABILITIES$760,561
NON-CURRENT LEASE LIABILITIES$5,670,009
FieldValueIRS element (for citing)
Total Liability$11,787,725TotalLiabilityAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
ELIZABETH HANSEN SHAPIRO
CEO$386,485$0$0$0$0$0$0$0$0$0$386,485$0$0$0
PHILLIP R MCDUFFIE
CHIEF PORTFOLIO OFFICER$310,000$0$0$0$0$0$5,683$0$38,813$0$354,496$0$0$0
WILLIAM NELLIGAN
CHIEF DEVELOPMENT OFFICER$230,000$0$0$0$0$0$0$0$25,741$0$255,741$0$0$0
CAROLINE ROSS
CHIEF OPERATING OFFICER$230,000$0$0$0$0$0$9,200$0$0$0$239,200$0$0$0
ORLANDO E COMAS
HEAD OF ADVERTISING$184,028$0$0$0$0$0$7,000$0$40,944$0$231,972$0$0$0
AMALIE NASH
HEAD OF TRANSFORMATION$184,028$0$0$0$0$0$0$0$27,167$0$211,195$0$0$0
RODNEY GIBBS
HEAD OF PRODUCT$158,333$0$0$0$0$0$2,500$0$32,472$0$193,305$0$0$0
CHERI MASI
VP FINANCE$168,974$0$0$0$0$0$0$0$22,731$0$191,705$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 7AONE 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 11BFORM 990 WAS REVIEWED BY STAFF BEFORE IT WAS SENT TO BOARD CHAIRMAN FOR REVIEW AND APPROVAL.
FORM 990, PART VI, SECTION B, LINE 12CTHE 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 15ATHE 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 19MADE AVAILABLE UPON REQUEST.
FORM 990, PART IV, LINE 12B AND PART XII, LINE 2B:THE FINANCIAL AUDIT OF THE ORGANIZATION BY INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS HAD NOT BEEN COMPLETED AS OF THE DATE OF THIS FORM. THE FINANCIAL STATEMENTS AUDIT IS NEARING COMPLETION AT THE TIME THIS RETURN IS FILED.
FORM 990, PART XII, LINE 2C:NO CHANGE IN THE PROCESS FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
MAINE TRUST FOR LOCAL NEWS L3C
143 S 2ND PLBRIGHTONCO80601932398532NEWSPAPER PUBLISHINGME$40,397,454$23,496,269NATIONAL TRUST FOR LOCAL NEWS
GEORGIA TRUST FOR LOCAL NEWS LLC
750 W HAMPDEN AVE SUITE 225ENGLEWOODCO80110934710374NEWSPAPER PUBLISHINGGA$5,497,060$3,665,701NATIONAL TRUST FOR LOCAL NEWS
COMMUNITY NEWS INFRASTRUCTURE LLC
4934 LIMA STDENVERCO80239990556702NEWSPAPER OPERATIONS SUPPORTCO$596,893$1,259,114NATIONAL TRUST FOR LOCAL NEWS
COLORADO TRUST FOR LOCAL NEWS LLC
143 S 2ND PLBRIGHTONCO80601863310521NEWSPAPER PUBLISHINGCO$4,171,207$1,348,140NATIONAL TRUST FOR LOCAL NEWS

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