Nonprofit · EIN 85-3905902
CAPITAL B NEWS INC
Tax-exempt · NEW YORK, NY 10001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,853,158 | $5,888,394 | -$35,236 | $8,194,556 | $259,243 | $7,935,313 |
| December 31, 2023 | 990 | $4,625,256 | $4,646,531 | -$21,275 | $7,897,499 | $76,950 | $7,820,549 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,820,852
- Program service revenue
- $31,908
- Investment income
- $0
- Other revenue
- $398
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $795,732
- Other salaries and wages
- $2,656,487
- Salaries, compensation and benefits (total)
- $3,946,094
- Professional fundraising fees
- $0
- Legal fees
- $49,854
- Travel
- $258,795
- Program services (functional)
- $3,489,973
- Management and general (functional)
- $1,837,774
- Fundraising (functional)
- $560,647
Balance sheet and other
- Total assets, start of year
- $8,047,499
- Total assets, end of year
- $8,194,556
- Total liabilities, end of year
- $259,243
- Net assets, end of year
- $7,935,313
- Net assets without donor restrictions
- $3,669,911
- Net assets with donor restrictions
- $4,265,402
- Gross receipts
- $5,853,158
- Employees
- 39
- Volunteers
- 4
- Year formed
- 2021
- State of legal domicile
- NY
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAUREN WILLIAMS | PRESIDENT & CEO Trustee or director, Officer | 60 | $283,860 | $58 |
| AKOTO OFORI-ATTA | TREASURER/SECRETARY/CAO Trustee or director, Officer | 60 | $227,739 | $34,959 |
| GILLIAN WHITE | CHIEF REVENUE OFFICER OF R Officer | 40 | $220,828 | $28,288 |
| DALILA PAUL | NATIONAL EDITOR Highest-paid employee | 40 | $149,436 | $8,569 |
| KELLY VIRELLA | EXECUTIVE EDITOR Highest-paid employee | 40 | $132,924 | $1,243 |
| ADESHINA EMMANUEL | MANAGING EDITOR OF LOCAL Highest-paid employee | 40 | $120,019 | $9,409 |
| CHRISTINA CARREGA | NATIONAL CRIMINAL JUSTICE Highest-paid employee | 40 | $112,943 | $10,840 |
| KEITH REED | ATLANTA EDITOR Highest-paid employee | 40 | $111,286 | $9,037 |
| MAURISSE JOHNSON | FINANCE CHAIR Trustee or director | 1 | $0 | $0 |
| SARABETH BERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARSHA COOKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT THOMPSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAUREN WILLIAMS | PRESIDENT & CEO Trustee or director, Officer | 60 | $275,060 | $1,114 |
| AKOTO OFORI-ATTA | TREASURER/SECRETARY/CAO Trustee or director, Officer | 60 | $222,361 | $30,596 |
| GILLIAN WHITE | CHIEF REVENUE OFFICER OF REVENUE & PLANNING Officer | 40 | $212,755 | $28,773 |
| SIMONE SEBASTIAN | EDITORIAL DIRECTOR Key employee | 40 | $164,814 | $10,995 |
| MICHELLE WILLIAMS | GROWTH & PARTNERSHIPS DIRE Highest-paid employee | 40 | $134,724 | $7,936 |
| DALILA PAUL | NATIONAL EDITOR Highest-paid employee | 40 | $126,447 | $7,434 |
| CHARITY SCOTT | AUDIENCE DEVELOPMENT EDITOR Highest-paid employee | 40 | $120,755 | $10,335 |
| CHRISTINA CARREGA | NATIONAL CRIMINAL JUSTICE REPORTER Highest-paid employee | 40 | $108,828 | $8,630 |
| MAURISSE JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SARABETH BERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARSHA COOKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT THOMPSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 209 WEST 29TH STREET SUITE 107, NEW YORK, NY 10001-5580
- In care of
- % AKOTO OFORI-ATTA
- Mailing address (990-N for 2020)
- 10 Coles Street Apt 1 Fl 1, Brooklyn NY 11231
- Principal officer (990 for 2024)
- LAUREN WILLIAMS, 209 WEST 29TH STREET 107, NEW YORK, NY 10001
- Principal officer (990-N for 2020)
- Lauren Williams, 10 Coles Street Apt 1 Fl 1, Brooklyn NY 11231
- Signed the 990
- LAUREN WILLIAMS, PRESIDENT & CEO
- Phone
- (917) 783-4354
- Website
- http://www.capitalbnews.org
- Return prepared by
- SAX LLP
Mission
TO CONNECT AND ENGAGE WITH BLACK COMMUNITIES TO DELIVER TRUSTWORTHY JOURNALISM THAT INFORMS, EMPOWERS, AND CREATES MEANINGFUL CHANGE FOR BLACK PEOPLE IN AMERICA.
Program accomplishments
- CAPITAL B STRENGTHENED ITS LOCAL NEWSROOM TEAMS THROUGH THE ADDITION OF AN ATLANTA EDITOR AND ENHANCED ITS COMMUNITY ENGAGEMENT INITIATIVES. THESE EFFORTS SUPPORTED THE PRODUCTION OF ORIGINAL, IMPACTFUL NEWS COVERAGE FOCUSED ON SERVING AND INFORMING BLACK COMMUNITIES WITH TRUSTED, RELEVANT JOURNALISM.Expenses $1,495,093
- CAPITAL B STRENGTHENED ITS EDITORIAL OPERATIONS EXECUTIVE EDITOR AND A DEPUTY NATIONAL EDITOR, AND PRODUCED IMPACTFUL JOURNALISM WITH A NATIONWIDE LIVE EVENTS TOUR DESIGNED TO SURFACE AND FACILITATE DISCUSSION AROUND LOCAL AND NATIONAL POLITICAL ISSUES.Expenses $971,631
- CAPITAL B EXPANDED ITS AUDIENCE REACH BY ORGANIZING TEAM SUMMITS TO ALIGN STRATEGY AND COLLABORATION, INCREASING ITS SOCIAL MEDIA ENGAGEMENT, AND HIRING A DEDICATED TEAM LEADER TO DIRECT AUDIENCE GROWTH AND INNOVATION.Expenses $1,023,249 · revenue $31,908
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-3905902
- 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
- Category (NTEE)
- Arts, culture and humanities (A33)
- Assets (IRS master file)
- $8,194,556
- Income (IRS master file)
- $5,853,158
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,853,158 | $5,888,394 | $8,194,556 | XML |
| 990 | December 2023 | $4,625,256 | $4,646,531 | $7,897,499 | XML |
| 990 | December 2022 | $6,572,381 | $3,520,800 | $8,164,642 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Lauren Williams | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-3905902).
Questions about CAPITAL B NEWS INC
- What is the EIN of CAPITAL B NEWS INC?
- The employer identification number (EIN) of CAPITAL B NEWS INC is 85-3905902.
- Is CAPITAL B NEWS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to CAPITAL B NEWS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAPITAL B NEWS INC 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 CAPITAL B NEWS INC 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 CAPITAL B NEWS INC 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 CAPITAL B NEWS INC?
- The 990 for the year ended December 31, 2024 names LAUREN WILLIAMS.
- Who are the officers and directors of CAPITAL B NEWS INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 8 received compensation from the organization, the highest $283,860 (LAUREN WILLIAMS, PRESIDENT & CEO).
- How much revenue does CAPITAL B NEWS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,853,158, expenses of $5,888,394 and total assets of $8,194,556 at year end.
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