Central Current Inc
- Assets
- $141.2k
- Revenue
- $393.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Syracuse, NY
- Founding
- Data as of
- 12/2023
- EIN
- 86-1656116
Organization Overview
Central Current Inc is located in Syracuse, NY. 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, Central Current Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Current 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, Central Current Inc generated $393.7k in total revenue. All expenses for the organization totaled $390.4k during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CENTRAL CURRENT, INC. IS A NONPROFIT,NONPARTISAN NEWS ORGANIZATION DEDICATED TO BRINGING INDEPENDENT ONLINE NEWS TO CENTRAL NEW YORK BY PUBLISHING ARTICLES, PHOTOGRAPHS, AND AUDIO THROUGH ITS WEBSITE, NEWSLETTERS AND SOCIAL MEDIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRAL CURRENT, INC. IS A NONPROFIT,NONPARTISAN NEWS ORGANIZATION DEDICATED TO BRINGING INDEPENDENT ONLINE NEWS TO CENTRAL NEW YORK. WE PROVIDE FACT-BASED NEWS AND ANALYSIS ABOUT THE CHALLENGES, SOLUTIONS AND OPPORTUNITIES WE ALL SHARE LIVING IN CENTRAL NEW YORK. OUR NEWS AND MULTIMEDIA STORYTELLING IS EXCLUSIVELY PUBLISHED AND DISTRIBUTED ONLINE THROUGH OUR WEBSITE, NEWSLETTERS AND SOCIAL MEDIA. WE STRIVE TO BE AN INCLUSIVE AND RESPONSIVE RESOURCE FOR NEWS AND INFORMATION. OUR GOAL IS TO FOSTER CIVIC ENGAGEMENT AND DEMOCRATIC GOVERNANCE, AND TO HELP BUILD A MORE PROSPEROUS AND HEALTHY COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Malavenda Board Member | Trustee | 2 | $0 |
Roosevelt Rick Wright Jr Chair | OfficerTrustee | 2 | $0 |
Laurence Bousquet Treasurer | OfficerTrustee | 3 | $0 |
Karla Green Board Member | Trustee | 1 | $0 |
Sapna Kollali Board Member | Trustee | 1 | $0 |
Laura Lavine Board Member | Trustee | 1 | $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 | $393,704 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $393,704 |
| 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 | $393,704 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,425 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $40,252 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $46,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,044 |
| Advertising and promotion | $0 |
| Office expenses | $6,711 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,661 |
| Travel | $1,183 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $325 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,497 |
| All other expenses | $7,050 |
| Total functional expenses | $390,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,139 |
| Savings and temporary cash investments | $101 |
| Pledges and grants receivable | $0 |
| 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 | $6,000 |
| 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 | $141,240 |
| Accounts payable and accrued expenses | $5,947 |
| 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 | $5,947 |
| Net assets without donor restrictions | $132,957 |
| Net assets with donor restrictions | $2,336 |
| 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 | $141,240 |