City Limits News Inc
- Assets
- $510.3k
- Revenue
- $701.7k
- Investments
- $0.0
- Employees
- 13
- Location
- New York, NY
- Founding
- 12/2009
- Data as of
- 06/2021
- EIN
- 27-0218689
Organization Overview
City Limits News Inc is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (W50) the organization is classified as: Telecommunications, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2021, City Limits News Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Limits News Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, City Limits News Inc generated $701.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $817.9k during the year ending 06/2021. While expenses have increased by 11.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO USE INVESTIGATIVE JOURNALISM THROUGH THE PRISM OF NEW YORK CITY TO IDENTIFY URBAN PROBLEMS, EXAMINE THEIR CAUSES, EXPLORE SOLUTIONS, AND EQUIP COMMUNITIES TO TAKE ACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING COMPREHENSIVE IN-DEPTH LOCAL REPORTING ON THE MOST IMPORTANT ISSUES FACING NEW YORK CITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jarrett T Murphy Executive Editor | Officer | 35 | $95,000 |
Marjorie Martay Executive Director | Officer | 35 | $54,231 |
Frances S Reilly Executive Director (former) | Officer | 35 | $39,179 |
Mark Edmiston Chair & Treasurer | OfficerTrustee | 1 | $0 |
Andrew Breslau Vice Chair | OfficerTrustee | 1 | $0 |
Mark Lieberman Board Member | Trustee | 1 | $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 | $666,715 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $666,715 |
| Total Program Service Revenue | $34,424 |
| Investment income | $523 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $701,662 |
| 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. | $218,111 |
| Compensation of current officers, directors, key employees. | $31,840 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $352,095 |
| Pension plan accruals and contributions | $2,002 |
| Other employee benefits | $38,447 |
| Payroll taxes | $48,757 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,250 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,618 |
| Advertising and promotion | $11,468 |
| Office expenses | $20,493 |
| Information technology | $9,631 |
| Royalties | $0 |
| Occupancy | $30,231 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $515 |
| Insurance | $11,626 |
| All other expenses | $0 |
| Total functional expenses | $817,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,999 |
| Savings and temporary cash investments | $302,747 |
| Pledges and grants receivable | $138,360 |
| Accounts receivable, net | $6,275 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,031 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,840 |
| Total assets | $510,252 |
| Accounts payable and accrued expenses | $54,687 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $190,522 |
| Total liabilities | $245,209 |
| Net assets without donor restrictions | $83,273 |
| Net assets with donor restrictions | $181,770 |
| 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 | $510,252 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that City Limits News Inc has recieved totaling $187,365.
| Awarding Organization | Amount |
|---|---|
Community Service Society Of New York New York, NY PURPOSE: PUBLIC INTEREST | $66,591 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $50,750 |
Charles H Revson Foundation Inc New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $35,000 |
The Laurie M Tisch Foundation Inc New York, NY PURPOSE: TO FURTHER EDUCATIONAL, RELIGIOUS, MEDICAL, CULTURAL, SOCIETAL AND ENVIRONMENTAL CAUSES. | $15,000 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $15,000 |
Fisher Brothers Foundation Inc New York, NY PURPOSE: GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Internet Security Inc East Greenbush, NY | $46,373,483 | $74,949,178 |
Hispanic Information & Telecommunications Network Inc Brooklyn, NY | $92,790,670 | $7,004,731 |
Keystone Initiative For Network Based Education & Research Lititz, PA | $86,518,752 | $6,204,433 |
Centralcast Llc Troy, NY | $8,328,344 | $3,739,153 |
Thermostat Recycling Corporation New York, NY | $2,265,895 | $2,889,740 |
Cambridge Public Access Corporation Inc Cambridge, MA | $3,099,418 | $1,284,087 |
City Limits News Inc New York, NY | $510,252 | $701,662 |
Natick Pegasus Inc Natick, MA | $3,359,271 | $910,322 |
Leominster Telecommunications Corp Inc Leominster, MA | $1,740,799 | $606,108 |
Marshfield Community Television Inc Marshfield, MA | $859,024 | $514,733 |
Danvers Community Access Television Incorporated Danvers, MA | $1,567,302 | $583,808 |
Skye Cable Xiii Inc Waterbury, CT | $132,403 | $297,687 |