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Nonprofit · EIN 99-3024194

NEWSWELL

Tax-exempt · TEMPE, AZ 85280

Financials

$4.3M$2.8M2024
Revenue Expenses · by fiscal year end
Financials of NEWSWELL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$4,304,570$2,796,678$1,507,892$1,778,040$270,148$1,507,892
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$4,063,546
Program service revenue
$222,167
Investment income
$618
Other revenue
$18,239

Expenses

Grants and similar amounts paid
$201,428
Other salaries and wages
$1,146,120
Salaries, compensation and benefits (total)
$1,499,778
Professional fundraising fees
$0
Legal fees
$75,380
Accounting fees
$1,575
Occupancy
$26,149
Travel
$39,905
Program services (functional)
$1,102,066
Management and general (functional)
$1,694,512
Fundraising (functional)
$100

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$1,778,040
Total liabilities, end of year
$270,148
Net assets, end of year
$1,507,892
Net assets without donor restrictions
-$2,555,654
Net assets with donor restrictions
$4,063,546
Gross unrelated business income
$67,557
Gross receipts
$4,304,570
Employees
16
Volunteers
4
Year formed
2024
State of legal domicile
AZ

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
MI-AI PARRISHBOARD CHAIR
Trustee or director, Officer
1$0
MORGAN OLSENTREASURER
Trustee or director, Officer
1$0
LISA LOOSECRETARY
Trustee or director, Officer
1$0
NICOLE CARROLLEXECUTIVE DIRECTOR
Officer
50$0

Address and contacts

Address (IRS master file)
PO BOX 2260, TEMPE, AZ 85280-2260
Mailing address (990-N for 2023)
300 E UNIVERSITY DR 6TH FLOOR, TEMPE AZ 85281
Principal officer (990 for 2024)
MI-AI PARRISH, PO BOX 2260, TEMPE, AZ 852802260
Principal officer (990-N for 2023)
MI-AI PARRISH, 300 E UNIVERSITY DR 6TH FLOOR, TEMPE AZ 85281
Signed the 990
MI-AI PARRISH, CHAIRPERSON
Phone
(480) 965-3759
Return prepared by
BAKER TILLY ADVISORY GROUP LP

Mission

TO EDUCATE AND INFORM THE PUBLIC THROUGH HIGH-QUALITY, FREE, LOCAL JOURNALISM ACROSS THE U.S.

990 for the year ended June 30, 2025

Program accomplishments

  • TO SERVE AS THE CRITICAL LINK BETWEEN THE PRESERVATION OF CIVIC JOURNALISM AND THE TRAINING OF FUTURE MEDIA PROFESSIONALS, NEWSWELL PUBLISHES FREE LOCAL NEWS, PROVIDES COMMUNITY-BASED PUBLISHING AND PARTNERS WITH ARIZONA STATE UNIVERSITY'S (ASU) CRONKITE SCHOOL TO EDUCATE STUDENT JOURNALISTS.
    Expenses $1,102,066 · grants $201,428 · revenue $172,849

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990-N on file

IRS record

EIN
99-3024194
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
2025
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,778,040
Income (IRS master file)
$4,304,570

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$4,304,570$2,796,678$1,778,040IRS
990-N for 2023
Officer: MI-AI PARRISH
June 30, 2024≤ $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 99-3024194).

Questions about NEWSWELL

What is the EIN of NEWSWELL?
The employer identification number (EIN) of NEWSWELL is 99-3024194.
Is NEWSWELL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
Are donations to NEWSWELL tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEWSWELL 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 NEWSWELL due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEWSWELL last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of NEWSWELL?
The 990 for the year ended June 30, 2025 names MI-AI PARRISH.
Who are the officers and directors of NEWSWELL?
The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does NEWSWELL have?
On its 990 for the year ended June 30, 2025 it reported revenue of $4,304,570, expenses of $2,796,678 and total assets of $1,778,040 at year end.

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