The Red & Black Publishing Company Inc
- Assets
- $4.6m
- Revenue
- $519.5k
- Investments
- $0.0
- Employees
- 89
- Location
- Athens, GA
- Founding
- 08/1981
- Data as of
- 05/2021
- EIN
- 58-1410389
Organization Overview
The Red & Black Publishing Company Inc is located in Athens, GA. The organization was established in 1981. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2021, Red & Black Publishing Company Inc employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red & Black Publishing Company 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 05/2021, Red & Black Publishing Company Inc generated $519.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $746.0k during the year ending 05/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. 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
THE RED & BLACK IS AN INDEPENDENT, NONPROFIT STUDENT MEDIA ORGANIZATION WITH THE DUAL MISSIONS OF TRAINING STUDENTS FOR FUTURE CAREERS IN THE NEWS INDUSTRY WHILE SERVING OUR COMMUNITY AS A CREDIBLE, COMPELLING, INDEPENDENT SOURCE OF NEWS AND INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE PAST FISCAL YEAR, IN RESPONSE TO THE COVID PANDEMIC, WE CHANGED THE PUBLICATION OF OUR NEWSPAPER FROM WEEKLY TO MONTHLY. OUR PLAN IS TO RETURN TO WEEKLY ISSUES IN SEPTEMBER 2021. THE RED & BLACK OFFERED FREE JOURNALISM TRAINING TO 225 STUDENTS IN THE PERIOD OF AUGUST 2020 TO MAY 2021, WITH MORE THAN 150 STUDENTS MOVING ON TO WORK AS REPORTERS, EDITORS, PHOTOGRAPHERS AND OTHER CONTRIBUTORS TO REDANDBLACK.COM. THE RED & BLACK EARNED RECOGNITION FOR JOURNALISM EXCELLENCE FROM LEADING INDUSTRY ORGANIZATIONS INCLUDING THE ASSOCIATED COLLEGIATE PRESS, THE SOCIETY OF PROFESSIONAL JOURNALISTS AND THE GEORGIA COLLEGE PRESS ASSOCIATION. DESPITE THE CHALLENGES OF COVID, WE SET RECORD TRAFFIC FOR READERSHIP AT REDANDBLACK.COM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Burns Executive Di | Officer | 40 | $70,768 |
Rudy Dey Student Ad. | Trustee | 20 | $17,591 |
Darby Jones Student Ad M | Trustee | 20 | $12,184 |
Augusta Stone Editor In Ch | Trustee | 20 | $6,600 |
Megan Mittelhammer Editor In Ch | Trustee | 20 | $5,900 |
Sherry Liang Editor In Ch | Trustee | 20 | $3,060 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,937 |
| Investment income | $52,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,600 |
| Net Gain/Loss on Asset Sales | $11,802 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,326 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $519,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $116,103 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $242,730 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,140 |
| Payroll taxes | $29,917 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,786 |
| Advertising and promotion | $2,269 |
| Office expenses | $27,804 |
| Information technology | $54,990 |
| Royalties | $0 |
| Occupancy | $56,007 |
| Travel | $3,885 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,335 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,451 |
| Insurance | $21,451 |
| All other expenses | $0 |
| Total functional expenses | $745,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,718 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,683 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,830 |
| Prepaid expenses and deferred charges | $3,078 |
| Investments—publicly traded securities | $3,390,706 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,644,249 |
| Accounts payable and accrued expenses | $53,227 |
| Grants payable | $0 |
| Deferred revenue | $6,928 |
| 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 | $85,100 |
| Other liabilities | $0 |
| Total liabilities | $145,255 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,498,994 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Red & Black Publishing Company Inc has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Textron Charitable Trust 540 008 Providence, RI PURPOSE: MATCHING GIFT TO CIVIC AGENCY | $250 |
Endowment Analysis
| Beg. Balance | $146,438 |
| Grants | $3,500 |
| Ending Balance | $144,938 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of North Carolina Press Chapel Hill, NC | $43,092,371 | $7,489,638 |
Times Publishing Company Employee Benefit Trust Orlando, FL | $10,150 | $3,080,281 |
The Sun Publishing Company Chapel Hill, NC | $3,426,472 | $3,162,673 |
Randall House Publications Of The National Assn Of Free Will Baptist Nashville, TN | $2,277,903 | $2,957,319 |
Walls Newspapers Consultants Employees Medical Plan Trust Birmingham, AL | $262,087 | $1,254,361 |
Embrace Africa Bonaire, GA | -$42,571 | $990,943 |
American Board Of Quality Assurance Utilization Review Physicians Inc New Port Richey, FL | $4,461,910 | $1,515,886 |
Humanitarians Of Florida Inc Inverness, FL | $1,124,050 | $1,076,165 |
Southern Newspaper Publishers Association Lawrenceville, GA | $0 | $333,271 |
The Red & Black Publishing Company Inc Athens, GA | $4,644,249 | $519,504 |
Apologetics Press Incorporated Montgomery, AL | $1,709,297 | $1,250,838 |
Vox Teen Communications Inc Atlanta, GA | $347,910 | $636,410 |