2025-11-13T15:24:18-06:00 2024-12-31 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS-16TH FL NEW YORK NY 10018 990 2024-01-01 853905902 CAPITAL B NEWS INC CAPI 9177834354 209 WEST 29TH STREET 107 NEW YORK NY 10001 LAUREN WILLIAMS PRESIDENT & CEO 9177834354 2025-11-13 1 0 MIKE SCHALL P02024184 2122682804 2025-11-13 2024 2025-03-06 01:10:19Z LAUREN WILLIAMS 209 WEST 29TH STREET 107 NEW YORK NY 10001 5853158 0 X CAPITALBNEWS.ORG X 2021 NY CAPITAL B IS A LOCAL AND NATIONAL NONPROFIT NEWS ORGANIZATION. 6 4 39 4 0 0 4726688 5820852 48568 31908 0 0 0 398 4775256 5853158 0 0 0 0 3557478 3946094 0 0 560647 1089053 1942300 4646531 5888394 128725 -35236 8047499 8194556 76950 259243 7970549 7935313 TO CONNECT AND ENGAGE WITH BLACK COMMUNITIES TO DELIVER TRUSTWORTHY JOURNALISM THAT INFORMS, EMPOWERS, AND CREATES MEANINGFUL CHANGE FOR BLACK PEOPLE IN AMERICA. 0 0 1495093 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. 971631 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. 1023249 31908 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. 3489973 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 58 0 1 39 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 283860 0 58 AKOTO OFORI-ATTA TREASURER/SECRETARY/CAO 60.00 X X 227739 0 34959 MAURISSE JOHNSON FINANCE CHAIR 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 R 40.00 X 220828 0 28288 DALILA PAUL NATIONAL EDITOR 40.00 X 149436 0 8569 CHRISTINA CARREGA NATIONAL CRIMINAL JUSTICE 40.00 X 112943 0 10840 ADESHINA EMMANUEL MANAGING EDITOR OF LOCAL 40.00 X 120019 0 9409 KELLY VIRELLA EXECUTIVE EDITOR 40.00 X 132924 0 1243 KEITH REED ATLANTA EDITOR 40.00 X 111286 0 9037 1359035 0 102403 10 0 1 0 YOUR PART-TIME CONTROLLER LLC 1333 BROADWAY SUITE 720 NEW YORK NY 10018 OUTSOURCED ACCOUNTING 252126 SUNSHINE SACHS MORGAN & LYLIS 136 MADISON AVENUE 17TH FL NEW YORK NY 10016 CONSULTING 172889 2 5820852 5820852 PROGRAM REVENUE 516210 31908 31908 31908 OTHER REVENUE 900099 398 398 398 5853158 31908 0 398 X 795732 188133 415817 191782 2656487 2336933 95772 223782 233798 201002 2662 30134 260077 191264 37457 31356 49854 49854 1140681 263316 820140 57225 65923 11056 54667 200 181301 131884 41007 8410 140663 54769 84133 1761 258795 60157 185820 12818 17203 12710 2409 2084 DUES & SUBSCRIPTIONS 80780 38664 41096 1020 FILING FEES 7100 85 6940 75 5888394 3489973 1837774 560647 6230036 5374247 1707231 2764212 46068 0 61014 52751 3150 3346 8047499 8194556 68279 168152 8671 91091 76950 259243 X 3357775 3669911 4612774 4265402 7970549 7935313 8047499 8194556 -35236 0 X 0 1 X 1 0 X 6073007 6314035 4576688 5820852 22784582 6073007 6314035 4576688 5820852 22784582 4880188 17904394 398 398 22784980 80476 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 5853158 0 5853158 0 5853158 5888394 0 5888394 0 5888394 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 283860 0 0 0 0 0 0 0 58 0 283918 0 0 0 AKOTO OFORI-ATTA TREASURER/SECRETARY/CAO 227739 0 0 0 0 0 0 0 34959 0 262698 0 0 0 GILLIAN WHITE CHIEF REVENUE OFFICER OF R 220828 0 0 0 0 0 0 0 28288 0 249116 0 0 0 DALILA PAUL NATIONAL EDITOR 149436 0 0 0 0 0 0 0 8569 0 158005 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 126,305. MANAGEMENT AND GENERAL EXPENSES 2,690. FUNDRAISING EXPENSES 2,932. TOTAL EXPENSES 131,927. PAYROLL FEES: PROGRAM SERVICE EXPENSES 26,185. MANAGEMENT AND GENERAL EXPENSES 4,964. FUNDRAISING EXPENSES 4,293. TOTAL EXPENSES 35,442. CONTRACTORS AND CONSULTANTS: PROGRAM SERVICE EXPENSES 103,416. MANAGEMENT AND GENERAL EXPENSES 567,770. FUNDRAISING EXPENSES 50,000. TOTAL EXPENSES 721,186. OUTSOURCED SERVICES: PROGRAM SERVICE EXPENSES 7,410. MANAGEMENT AND GENERAL EXPENSES 244,716. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 252,126. FORM 990, PART I, LINE 8 - PRIOR YEAR & PART X, COLUMN (A), LINE 3 & LINE 2 ADJUSTMENTS HAVE BEEN MADE TO PRIOR YEAR AMOUNTS TO REFLECT RESTATEMENTS THAT WERE MADE TO THE AUDITED FINANCIAL STATEMENTS.