South County News
- Assets
- $116.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Schoolcraft, MI
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 61-1713578
Organization Overview
South County News is located in Schoolcraft, MI. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South County 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 12/2022, South County News generated $189.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $191.0k during the year ending 12/2022. While expenses have increased by 8.5% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
TO PROVIDE A MONTHLY NEWSPAPER TO THE SOUTHERN KALAMAZOO COUNTY AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheri Freeland Trustee | 40 | $32,672 | |
Justin Gibson Trustee | 20 | $25,690 | |
Kathy Forsythe Trustee | 20 | $18,000 | |
Wes Schmitt Secretary/tr | 15 | $12,000 | |
Bob Ball President | 5 | $6,250 | |
Steve Ellis Trustee | 0 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,000 |
| Total Program Service Revenue | $159,229 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $189,229 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $12,860 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $178,157 |
| Total expenses | $191,017 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $109,643 |
| Other assets | $0 |
| Total assets | $116,732 |
| Total liabilities | $77,059 |
| Net assets or fund balances | $39,673 |
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