War Horse News
- Assets
- $749.4k
- Revenue
- $731.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Cleveland, OH
- Founding
- Data as of
- 12/2021
- EIN
- 82-1669255
Organization Overview
War Horse News is located in Cleveland, OH. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, War Horse News employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. War Horse 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 12/2021, War Horse News generated $731.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 60.3% each year . All expenses for the organization totaled $517.4k during the year ending 12/2021. 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
EDUCATING THE PUBLIC ON MILITARY SERVICE, WAR, AND ITS IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WAR HORSE NEWS INC. SERVES AS A NON-PARTISAN NEWSROOM WITH THE PURPOSE OF PROMOTING THE INSTRUCTION OF THE PUBLIC ON THE SUBJECT OF MILITARY SERVICE, WAR, AND ITS IMPACTS ON VETERANS, SERVICE MEMBERS AND THEIR FAMILIES, WHICH WE BELIEVE IS A SUBJECT USEFUL TO THE INDIVIDUAL AND BENEFICIAL TO THE COMMUNITY.
HOSTING OF WRITING SEMINARS FOR MILITARY SERVICE MEMBERS, VETERANS, AND THEIR FAMILY MEMBERS WHO WISH TO CONTRIBUTE TO OUR NEWSROOM, WHOM WE REFER TO AS "FELLOWS." THIS INITIATIVE FURTHERS OUR PURPOSE TO PROMOTE THE ARTS AND CULTURE BY PROVIDING INSTRUCTION IN JOURNALISM, WRITING SKILLS, AND PUBLIC SPEAKING SKILLS TO OUR FELLOWS.
HOSTING OF PUBLIC FORUMS FOR MILITARY SERVICE MEMBERS, VETERANS, MILITARY FAMILY MEMBERS, JOURNALISTS, AND MEMBER OF THE PUBLIC TO CONVENE AND DISCUSS THE TOPICS OF MILITARY SERVICE, WAR AND ITS IMPACT AND JOURNALISM REGARDING THOSE TOPICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Brennan Executive Director | OfficerTrustee | 40 | $71,333 |
Keith Goggin Treasurer | OfficerTrustee | 2 | $0 |
Michele Flournoy Co-Chair | OfficerTrustee | 2 | $0 |
Robert J Rosenthal Co-Chair | OfficerTrustee | 2 | $0 |
Sherman Gillums Jr Director | Trustee | 2 | $0 |
Sue Hoppin Director | Trustee | 2 | $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 | $711,490 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $711,490 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $731,790 |
| 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. | $73,967 |
| Compensation of current officers, directors, key employees. | $17,203 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,151 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $683 |
| Payroll taxes | $16,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $494 |
| Fees for services: Accounting | $15,622 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,436 |
| Advertising and promotion | $57,860 |
| Office expenses | $7,553 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,169 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,064 |
| All other expenses | $0 |
| Total functional expenses | $517,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,468 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $450,000 |
| Accounts receivable, net | $0 |
| 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 | $4,941 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $749,409 |
| Accounts payable and accrued expenses | $36,759 |
| 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 | $0 |
| Total liabilities | $36,759 |
| Net assets without donor restrictions | $91,669 |
| Net assets with donor restrictions | $620,981 |
| 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 | $749,409 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that War Horse News has recieved totaling $644,485.
| Awarding Organization | Amount |
|---|---|
The Heinz Endowments Pittsburgh, PA PURPOSE: TO INVEST IN LEADERSHIP AND STAFF JOURNALISTS AND BUILD THE INFRASTRUCTURE NEEDED TO EXPAND RIGOROUS, SOLUTIONS-DRIVEN, INVESTIGATIVE REPORTING ON MILITARY AND VETERANS ISSUES | $400,000 |
The Heinz Endowments Pittsburgh, PA PURPOSE: TO INVEST IN LEADERSHIP AND STAFF JOURNALISTS AND BUILD THE INFRASTRUCTURE NEEDED TO EXPAND RIGOROUS, SOLUTIONS-DRIVEN, INVESTIGATIVE REPORTING ON MILITARY AND VETERANS ISSUES | $100,000 |
Institute For Nonprofit News Beverly Hills, CA PURPOSE: ORGANIZATION IS A FISCAL SPONSOR | $94,485 |
Local Media Association Lake City, MI PURPOSE: STIPEND FOR READER REVENUE INITIATIVE PROJECTS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Legion Indianapolis, IN | $141,288,704 | $82,016,470 |
Veterans Multi-Service Center Inc Philadelphia, PA | $4,990,474 | $14,923,218 |
American Legion Bowling Green, KY | $1,050,755 | $11,898,405 |
American Legion Auxiliary Indianapolis, IN | $53,756,323 | $11,649,453 |
Veterans Leadership Program Of Western Pennsylvania Inc Pittsburgh, PA | $2,368,240 | $7,560,705 |
American Legion Auxiliary Bowling Green, KY | $99,496 | $4,500,725 |
Disabled American Veterans Paid Time Off Plan And Tr Erlanger, KY | $4,127,164 | $2,957,196 |
American Legion Indianapolis, IN | $6,888,018 | $3,332,697 |
Veterans Research Foundation Pittsburgh, PA | $4,865,557 | $2,533,091 |
American Legion Lansing, MI | $6,617,226 | $3,234,715 |
American Legion Wormleysburg, PA | $6,891,300 | $3,184,606 |
Michigan Veterans Foundation Inc Detroit, MI | $12,857,454 | $2,381,059 |