2024-09-19T10:53:53-05:00 2023-12-31 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS-16TH FL NEW YORK NY 10018 990 2023-01-01 853905902 CAPITAL B NEWS INC CAPI 9177834354 209 WEST 29TH STREET 107 NEW YORK NY 10001 LAUREN WILLIAMS PRESIDENT & CEO 9177834354 2024-09-19 1 0 MIKE SCHALL P02024184 2122682804 2024-09-03 2023 2024-08-08 14:25:15Z LAUREN WILLIAMS 209 WEST 29TH STREET 107 NEW YORK NY 10001 4625256 0 X CAPITALBNEWS.ORG X 2021 NY 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. 6 4 33 4 0 0 6314035 4576688 0 48568 0 0 0 0 6314035 4625256 0 0 0 0 2698179 3557478 0 0 636724 822621 1089053 3520800 4646531 2793235 -21275 8156296 7897499 314472 76950 7841824 7820549 X 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. 0 0 1150079 CAPITAL B LAUNCHED AN ITS SECOND LOCAL NEWSROOM IN GARY, IN, AND HIRED A GARY EDITOR AND COMMUNITY ENGAGEMENT EDITOR TO CONTINUE EXPANDING THE PROGRAM WORK IN OUR MISSION. THE ATLANTA NEWSROOM MADE A TANGIBLE IMPACT IN THE COMMUNITY WITH OUR FAIRBURN & GORDON REPORTING. 1039041 CAPITAL B EXPANDED THE NATIONAL TEAM WITH THE HIRING OF A NATIONAL EDITOR AND POLITICS REPORTER, AND CONTINUED TO PRODUCE UNIQUE, IMPACTFUL COVERAGE. 889171 48568 CAPITAL B CONTINUED TO EXPAND OUR AUDIENCE REACH THROUGH AUDIENCE SURVEYS, INCREASING OUR SOCIAL MEDIA REACH, AND HIRING A NEWSLETTER EDITOR TO LEAD OUR NEWSLETTER STRATEGY. 3078291 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 46 0 1 33 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY CA CO FL VA DC GA MD NV X X X THE ORGANIZATION 9177834354 209 WEST 29TH STREET NEW YORK NY 10001 LAUREN WILLIAMS PRESIDENT & CEO 60.00 X X 275060 0 1114 AKOTO OFORI-ATTA TREASURER/SECRETARY/CAO 60.00 X X 222361 0 30596 MAURISSE JOHNSON DIRECTOR 1.00 X 0 0 0 SARABETH BERMAN DIRECTOR 1.00 X 0 0 0 MARSHA COOKE DIRECTOR 1.00 X 0 0 0 MATT THOMPSON DIRECTOR 1.00 X 0 0 0 GILLIAN WHITE CHIEF REVENUE OFFICER OF REVENUE & PLANNING 40.00 X 212755 0 28773 SIMONE SEBASTIAN EDITORIAL DIRECTOR 40.00 X 164814 0 10995 MICHELLE WILLIAMS GROWTH & PARTNERSHIPS DIRE 40.00 X 134724 0 7936 CHARITY SCOTT AUDIENCE DEVELOPMENT EDITOR 40.00 X 120755 0 10335 DALILA PAUL NATIONAL EDITOR 40.00 X 126447 0 7434 CHRISTINA CARREGA NATIONAL CRIMINAL JUSTICE REPORTER 40.00 X 108828 0 8630 1365744 0 105813 8 0 1 0 SUNSHINE SACHS MORGAN & LYLIS 136 MADISON AVENUE 17TH FL NEW YORK NY 10016 CONSULTING 155910 1 4576688 4576688 PROGRAM REVENUE 516210 48568 48568 48568 4625256 48568 0 0 X 905383 339376 382466 183541 2165499 1817866 162699 184934 255443 187898 27504 40041 231153 162381 41036 27736 30014 18008 6003 6003 100701 100701 520766 276858 94266 149642 68449 39933 15840 12676 98865 79143 12344 7378 91716 48775 32827 10114 118654 80285 28331 10038 18927 18927 DUES & SUBSCRIPTIONS 34079 27487 1971 4621 FILING FEES 6882 281 6601 4646531 3078291 931516 636724 5765619 6230036 2382116 1557231 46068 8561 61014 0 3150 8156296 7897499 55605 68279 258867 8671 314472 76950 X 2594666 3207775 5247158 4612774 7841824 7820549 8156296 7897499 -21275 0 X 0 1 X 1 0 X 6073007 6314035 4576688 16963730 6073007 6314035 4576688 16963730 3583038 13380692 16963730 48568 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 4625256 0 4625256 0 4625256 4646531 0 4646531 0 4646531 PART X, LINE 2: THE ORGANIZATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING DECEMBER 31, 2021 (INITIAL FILING PERIOD) AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. X X 0 0 0 0 0 0 0 0 0 LAUREN WILLIAMS PRESIDENT & CEO 275060 0 0 0 0 0 0 0 1114 0 276174 0 0 0 AKOTO OFORI-ATTA TREASURER/SECRETARY/CAO 222361 0 0 0 0 0 0 0 30596 0 252957 0 0 0 GILLIAN WHITE CHIEF REVENUE OFFICER OF REVENUE & P 212755 0 0 0 0 0 0 0 28773 0 241528 0 0 0 SIMONE SEBASTIAN EDITORIAL DIRECTOR 164814 0 0 0 0 0 0 0 10995 0 175809 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWED A DRAFT OF THE FORM 990 AND PROVIDED EDITS TO THE TAX PREPARER. AFTER THIS PROCESS WAS PERFORMED, THE FORM 990 WAS SENT TO THE FULL BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A BOARD APPROVED CONFLICTS OF INTEREST POLICY. EACH BOARD MEMBER MUST FILL OUT AN ANNUAL DECLARATION STATING THEY HAD NO CONFLICTS OR IDENTIFYING THE NATURE OF THEIR INTERESTED PARTY TRANSACTIONS. BOARD MEMBERS SELF-REPORT, AND BOARD DISCUSSES IF BOARD MEMBERS BECOME AWARE OF ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION HAS A EXECUTIVE COMPENSATION POLICY WHERE BY THE BOARD APPROVES THE COMPENSATION OF THE CEO. IN ACCORDANCE WITH THE POLICY, THE BOARD REVIEWS COMPARABLE SALARIES AND REVIEWS THE PERFORMANCE OF THE CEO TO DETERMINE IF THE EXISTING SALARY FALLS WITHIN THESE RANGES. AFTER A DELIBERATION OF THIS MATTER, A NEW PROPOSED SALARY AND BENEFIT PACKAGE IS VOTED ON. THE MINUTES OF THE BOARD OF DIRECTORS REFLECT THE NATURE OF THIS PROCESS. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 NO OTHER DOCUMENT AVAILABLE TO THE PUBLIC FORM 990, PART IX, LINE 11G FREELANCE: PROGRAM SERVICE EXPENSES 26,650. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2,050. TOTAL EXPENSES 28,700. PAYROLL FEES: PROGRAM SERVICE EXPENSES 22,602. MANAGEMENT AND GENERAL EXPENSES 5,712. FUNDRAISING EXPENSES 3,861. TOTAL EXPENSES 32,175. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 227,606. MANAGEMENT AND GENERAL EXPENSES 88,554. FUNDRAISING EXPENSES 143,731. TOTAL EXPENSES 459,891.