Isthmus Community Media Inc
- Assets
- $207.2k
- Revenue
- $663.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Madison, WI
- Founding
- Data as of
- 12/2023
- EIN
- 85-2868484
Organization Overview
Isthmus Community Media Inc is located in Madison, WI. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Isthmus Community Media Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isthmus Community Media 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 12/2023, Isthmus Community Media Inc generated $663.2k in total revenue. All expenses for the organization totaled $655.6k during the year ending 12/2023.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ISTHMUS SERVES THE MADISON COMMUNITY BY PROVIDING INDEPENDENT TRUSTED LOCAL JOURNALISM. WE STRENGTHEN DEMOCRACY BY HELPING TO CREATE AN INFORMED CITIZENRY.
Describe the Organization's Program Activity:
WE PROVIDE FREE, ONLINE ACCESS TO LOCAL NEWS IN A MONTHLY PRINTED ISSUE OF ISTHMUS AND DAILY ON ISTHMUS.COM. WE MAINTAIN A COMPREHENSIVE COMMUNITY CALENDAR. WE POST CONTENT TO THREE SOCIAL MEDIA PLATFORMS, FACEBOOK, TWITTER AND INSTAGRAM. WE MONITOR AND OFFER A COMMENTING SYSTEM ON ARTICLES TO READERS. WE PROVIDE A PLATFORM FOR SPONSORSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Falkenstein Director | Trustee | 2 | $0 |
Kirsten Houghton Treasurer | OfficerTrustee | 2 | $0 |
Judith Davidoff President/editor | OfficerTrustee | 70 | $60,000 |
Dan Koehn Vice-President | OfficerTrustee | 2 | $0 |
Ralph Russo Director | Trustee | 2 | $0 |
Taylor Kilgore Secretary | OfficerTrustee | 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 | $283,661 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $283,661 |
| Total Program Service Revenue | $379,452 |
| Investment income | $10 |
| 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 | $663,159 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $272,795 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,028 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,912 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,315 |
| Advertising and promotion | $0 |
| Office expenses | $131,861 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,597 |
| 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 | $1,208 |
| Insurance | $6,150 |
| All other expenses | $0 |
| Total functional expenses | $655,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,510 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,765 |
| 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 | $2,145 |
| Net Land, buildings, and equipment | $789 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $207,209 |
| Accounts payable and accrued expenses | $17,121 |
| Grants payable | $0 |
| Deferred revenue | $7,188 |
| 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 | $24,309 |
| Net assets without donor restrictions | $182,900 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $207,209 |