National Trust For Local News
- Assets
- $2.8m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Lexington, MA
- Founding
- Data as of
- 12/2021
- EIN
- 86-2022385
Organization Overview
National Trust For Local News is located in Lexington, MA. 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 12/2021, National Trust For Local News employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Trust For Local News is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NATIONAL TRUST FOR LOCAL NEWS IS DEDICATED TO REVITALIZING COMMUNITY NEWSPAPERS AND ENSURING THAT LOCAL NEWS STAYS IN LOCAL HANDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION'S PROGRAM SERVICES INCLUDE: (A) TO INCREASE THE CAPACITY OF LOCAL MEDIA TO PROVIDE ENHANCED SERVICES TO THEIR COMMUNITIES AND INCREASE THE REVENUES IN SERVICE OF THEIR PUBLIC SERVICE MISSION; (B) TO DEVELOP SHARED SERVICES AND INFRASTRUCTURE TECHNOLOGIES THAT SUPPORT LOCAL MEDIA; (C) TO STRENGTHEN AND EXPAND LOCAL MEDIA SERVICES SO THAT LOCAL COMMUNITIES NATIONWIDE ARE PROVIDED WITH IN-DEPTH INFORMATION, UNBIASED NEWS, AND DIVERSE CULTURAL PROGRAMMING AND CONTENT; (D) TO CREATE OR FACILITATE THE DEVELOPMENT AND SUPPORT OF LOCAL MEDIA SERVICES THAT IMPROVE AND ENHANCE EDUCATION AND INFORMATION IN LOCAL COMMUNITIES ACROSS THE COUNTRY; (E) TO ENABLE AND PROMOTE SUSTAINABLE LOCAL MEDIA FOR COMMUNITIES NATIONWIDE; (F) TO DEVELOP AND FACILITATE SHORT-TERM AND LONG-TERM FINANCINGS IN SUPPORT OF LOCAL MEDIA (G) TO EDUCATE, PROVIDE RESOURCES AND SUPPORT LOCAL NEWSPAPER PUBLISHERS AND OTHER COMMUNITY MEDIA ORGANIZATIONS WITH A SET OF CRITICAL SERVICES AND SUPPORT DESIGNED TO ENSURE THE LONG TERM EDUCATIONAL, ECONOMIC AND CIVIC SERVICES TO THEIR COMMUNITIES, AND TO PROVIDE INTENSIVE, LONG TERM AND ONSITE ADVISORY SERVICES TO LOCAL COMMUNITY-ORIENTED NEWSPAPERS SEEKING TO CREATE NEW, SUSTAINABLE BUSINESS MODELS. THESE SERVICES ARE FOCUSED ON DRIVING TRANSFORMATION AND SUSTAINABILITY THAT ENSURE COMMUNITY SERVICE OVER THE LONG TERM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lilian Ruiz COO & Co-Founder | Officer | 40 | $136,903 |
Elizabeth A Hansen PHD Chief Executive Officer | Officer | 40 | $116,667 |
Fraser Nelson Managing Director | 40 | $116,386 | |
Marc Hand Board Chair Beginning Dec 2021 | OfficerTrustee | 10 | $40,200 |
John Wotowicz Board Director | Trustee | 10 | $0 |
Ju-Don Marshall Board Director | Trustee | 10 | $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 | $1,406,595 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,406,595 |
| Total Program Service Revenue | $448,500 |
| Investment income | $64,336 |
| 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 | $1,919,431 |
| 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. | $293,770 |
| Compensation of current officers, directors, key employees. | $48,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,715 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,900 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,058 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $196,790 |
| Advertising and promotion | $0 |
| Office expenses | $15,987 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,904 |
| Travel | $10,271 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $64,323 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,686 |
| All other expenses | $942 |
| Total functional expenses | $658,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,737 |
| Savings and temporary cash investments | $150,060 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $875,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,300,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,201 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,920 |
| Total assets | $2,796,118 |
| Accounts payable and accrued expenses | $1,498 |
| 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 | $1,533,535 |
| Other liabilities | $0 |
| Total liabilities | $1,535,033 |
| Net assets without donor restrictions | $1,261,085 |
| 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 | $2,796,118 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Trust For Local News has recieved totaling $535,500.
| Awarding Organization | Amount |
|---|---|
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA PURPOSE: (N) = $100,000.00 (O) = $435,500 | $535,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Public Broadcasting Inc Hartford, CT | $75,787,693 | $21,836,986 |
Wxxi Public Broadcasting Council Rochester, NY | $26,835,003 | $14,361,773 |
Western New York Public Broadcasting Association Buffalo, NY | $20,445,081 | $15,235,511 |
Geopath New York, NY | $2,097,357 | $11,766,480 |
Public Media Nj Inc New York, NY | $13,143,046 | $9,787,571 |
Wmht Educational Telecommunications Inc Troy, NY | $24,630,036 | $10,052,137 |
Democracy Now Productions Inc New York, NY | $36,977,400 | $9,199,755 |
Public Broadcasting Council Of Central New York Inc Old Liverpool Syracuse, NY | $17,299,983 | $6,896,548 |
Jta-Mjl New Corp New York, NY | $4,638,573 | $7,369,921 |
Markup News Inc New York, NY | $7,207,134 | $6,862,028 |
Forward Assoc Inc New York, NY | $1,778,782 | $4,957,225 |
Queens Public Communications Corporation Flushing, NY | $19,316,266 | $6,693,975 |