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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 85-1425791

RECORD COMMUNITY NEWS GROUP

Tax-exempt · LOMBARD, IL 60148

Financials

$176K$142K2023$299K$235K2024
Revenue Expenses · by fiscal year end
Financials of RECORD COMMUNITY NEWS GROUP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$298,634$235,457$63,177$109,431$0$109,431
December 31, 2023990-EZ$176,154$142,244$33,910$46,254–$46,254
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$218,016
Program service revenue
$80,608
Investment income
$10
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$86,961
Other salaries and wages
$68,671
Salaries, compensation and benefits (total)
$167,961
Professional fundraising fees
$0
Accounting fees
$400
Occupancy
$1,980
Program services (functional)
$136,118
Management and general (functional)
$64,648
Fundraising (functional)
$34,691

Balance sheet and other

Total assets, start of year
$46,254
Total assets, end of year
$109,431
Total liabilities, end of year
$0
Net assets, end of year
$109,431
Net assets without donor restrictions
$109,431
Gross receipts
$298,634
Employees
3
Year formed
2020
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Joseph CoughlinTreasurer
Trustee or director, Officer
40$86,961
Jennifer GordonSecretary
Trustee or director, Officer
1.25$0
John JenksDirector
Trustee or director
1.25$0
Fouad EgbariaVice President
Trustee or director, Officer
1.25$0
JA AdandePresident
Trustee or director, Officer
1.25$0
George RafeedieDirector
Trustee or director
1.25$0
990-EZ for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
Joseph CoughlinTreasurer40$77,308
Jennifer GordonPresident1.25$0
John JenksVice President1.25$0
Fouad EgbariaDirector1.25$0
JA AdandeSecretary1.25$0

Address and contacts

Address (IRS master file)
120 E CENTRAL AVE, LOMBARD, IL 60148-3915
In care of
% JOE COUGHLIN
Principal officer (990 for 2024)
Joseph Coughlin, 120 E Central Ave, Lombard, IL 60148
Signed the 990
Joseph Coughlin, Treasurer
Phone
(815) 263-2319
Return prepared by
Taglia Tax and Accounting

Mission

As its primary and most fundamental activity, The Record Community News henceforth The Record produces, publishes and distributes hyperlocal, independent news and information via a news site, emailed newsletter and audio recordings or podcasts. The Record reports information that is educational to the residents of the North Shore of Chicago - a suburban area north of the city limits and along Lake Michigan's shoreline - and operates in a manner consistent with tax-exempt status under section 501c3.

990 for the year ended December 31, 2024

Program accomplishments

  • The Record publishes content that educates the public on subjects useful to the individual and beneficial to the community, as the Treasury Regulations stipulate. This work, which as of now takes up 75 percent of The Record's funding and resources, contributes to the public's knowledge on core issues and information that affect their day-to-day lives and their financial and emotional investments. The Record's work creates a more engaged and informed public. The Record covers a diverse range of topics that is relevant to suburban Chicago residents, such as local and regional government, local schools, public health and safety, local athletics and entertainment, business, environment and other local issues. The Record focuses on holding public entities accountable and informs residents of the town's and schools' uses of public dollars. The Record employs a dedicated editorial staff with an understanding of the community that follows and investigates local issues to produce original reporting. All of The Record's journalism undergoes professional scrutiny and fact-checking prior to publication. The Record's editorial standards cover balance, literary quality, originality, sourcing strength, contextualization and more. The implementation of these standards are overseen by the Editor in Chief. The Record's Board of Directors ensures The Record maintains its editorial standards, but does not modify the journalistic integrity of the Editor in Chief, a crucial protection of independent journalism and a distinction from how for-profit news organizations operate.
    Expenses $136,118 · revenue $298,624

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
85-1425791
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$109,431
Income (IRS master file)
$298,634

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$298,634$235,457$109,431XML
990-EZDecember 2023$176,154$142,244$46,254XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-1425791).

Questions about RECORD COMMUNITY NEWS GROUP

What is the EIN of RECORD COMMUNITY NEWS GROUP?
The employer identification number (EIN) of RECORD COMMUNITY NEWS GROUP is 85-1425791.
Is RECORD COMMUNITY NEWS GROUP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to RECORD COMMUNITY NEWS GROUP tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RECORD COMMUNITY NEWS GROUP file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of RECORD COMMUNITY NEWS GROUP due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RECORD COMMUNITY NEWS GROUP last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of RECORD COMMUNITY NEWS GROUP?
The 990 for the year ended December 31, 2024 names Joseph Coughlin.
Who are the officers and directors of RECORD COMMUNITY NEWS GROUP?
The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $86,961 (Joseph Coughlin, Treasurer).
How much revenue does RECORD COMMUNITY NEWS GROUP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $298,634, expenses of $235,457 and total assets of $109,431 at year end.

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