Groundcover News
- Assets
- $41.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 01/2012
- Data as of
- 12/2023
- EIN
- 27-3287108
Organization Overview
Groundcover News is located in Ann Arbor, MI. The organization was established in 2012. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Groundcover News 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 12/2023, Groundcover News generated $84.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $113.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
VENDOR WRITING PROGRAM, APPROXIMATELY 32 PARTICIPANTS, THAT COMPENSATES PEOPLE WITH LIVED EXPERIENCE TO WRITE FOR THE COMMUNITY NEWSPAPER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Hoffman President | 1 | $0 | |
Veronica Sanitate Vice President | 1 | $0 | |
Jack Edelstein Treasurer | 1 | $0 | |
Karen Prochnow Secretary | 1 | $0 | |
Anna Gersh Member | 1 | $0 | |
Hailu Shitaye Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,661 |
| Total Program Service Revenue | $45,060 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $312 |
| Total Revenue | $84,033 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $61,961 |
| Professional fees and other payments to independent contractors | $10,002 |
| Occupancy, rent, utilities, and maintenance | $1,723 |
| Printing, publications, postage, and shipping | $37,889 |
| Other expenses | $1,513 |
| Total expenses | $113,088 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,538 |
| Other assets | $0 |
| Total assets | $41,538 |
| Total liabilities | $0 |
| Net assets or fund balances | $41,538 |