Capital B News Inc

Organization Overview

Capital B News Inc is located in New York, NY. 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 12/2021, Capital B News Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital B News Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CAPITAL B IS A FIRST-OF-ITS-KIND LOCAL AND NATIONAL NONPROFIT NEWS ORGANIZATION REPORTING FOR BLACK COMMUNITIES ACROSS THE COUNTRY. OUR MISSION IS TO COMBAT INEQUALITY AND BUILD MORE INFORMED BLACK COMMUNITIES THROUGH ACCESSIBLE, TRANSPARENT AND EXCEPTIONAL JOURNALISM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HIRING EDITORIAL SVP OF PROGRAMMING AND REVENUE, HIRING EDITORIAL DIRECTOR, AND HIRING ATLANTA EDITOR AND COMMUNITY ENGAGEMENT EDITOR, ALL OF WHOM SET UP CAPITAL B TO DO THE PROGRAM WORK IN OUR MISSION.


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Board, Officers & Key Employees

Name (title)Compensation
Lauren Williams
President & CEO
$240,662
Akoto Ofori-Atta
Treasurer & Sec
$176,627
Maurisse Johnson
Board Member
$0
Sarabeth Berman
Director
$0
Matt Thompson
Director
$0
Marsha Cooke
Director
$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$6,073,007
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,073,007
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 $6,073,007

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Capital B News Inc has recieved totaling $2,958,200.

Awarding OrganizationAmount
$1,313,200
Yellow Chair Foundation

San Francisco, CA

PURPOSE: GENERAL SUPPORT FOR CAPITAL B

$300,000
Yellow Chair Foundation

San Francisco, CA

PURPOSE: GENERAL SUPPORT FOR CAPITAL B

$300,000
American Journalism Project Inc

Washington, DC

PURPOSE: TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS.

$200,000
Robert Wood Johnson Foundation

Princeton, NJ

PURPOSE: 78934 SUPPORTING CAPITAL B IN PRODUCING SERVICE JO

$200,000
American Journalism Project Inc

Washington, DC

PURPOSE: TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS.

$200,000
View Grant Recipient Profile

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