Civic Intelligence

Carolina Public Press Inc.

990 • Fiscal year 2020 • EIN 46-0801080

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 05, 2021

PO Box 17595Asheville, NC 28816

(828) 774-5290

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.10x

Higher debt load relative to assets than 53% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

38th percentile

0.06x

Higher debt load relative to revenue than 38% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Source year 2020

Net Margin

70th percentile

17%

Higher net margin than 70% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

62nd percentile

$45,529

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2020 filings • NTEE A • $500k-$1M nonprofits • Source year 2020

Asset Growth

82nd percentile

60%

Faster asset growth than 82% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

89th percentile

57%

Faster revenue growth than 89% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$367,633

Up $137,372 (+60%) from 2019

Net Assets

Up

$331,517

Up $106,941 (+48%) from 2019

Liabilities

Up

$36,116

Up $30,431 (+535%) from 2019

Revenue

Up

$623,820

Up $226,553 (+57%) from 2019

Expenses

Up

$520,015

Up $181,325 (+54%) from 2019

Net Income

Up

$103,805

Up $45,228 (+77%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2012: $0Liabilities 2012: $0Net Assets 2012: $02012Assets 2015: $61,149Liabilities 2015: $2,332Net Assets 2015: $58,8172015Assets 2016: $35,681Liabilities 2016: $2,200Net Assets 2016: $33,4812016Assets 2017: $43,195Liabilities 2017: $2,513Net Assets 2017: $40,6822017Assets 2018: $168,107Liabilities 2018: $2,559Net Assets 2018: $165,5482018Assets 2019: $230,261Liabilities 2019: $5,685Net Assets 2019: $224,5762019Assets 2020: $367,633Liabilities 2020: $36,116Net Assets 2020: $331,5172020Assets 2021: $504,941Liabilities 2021: $7,600Net Assets 2021: $497,3412021Assets 2022: $413,237Liabilities 2022: $21,961Net Assets 2022: $391,2762022Assets 2023: $163,375Liabilities 2023: $6,408Net Assets 2023: $156,9672023Assets 2024: $183,582Liabilities 2024: $5,404Net Assets 2024: $178,1782024

Highlighted filing

2020

Assets$367,633
Liabilities$36,116
Net Assets$331,517

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2015: $150,121Expenses 2015: $157,452Net Income 2015: -$7,3312015Revenue 2016: $143,260Expenses 2016: $168,596Net Income 2016: -$25,3362016Revenue 2017: $161,921Expenses 2017: $154,720Net Income 2017: $7,2012017Revenue 2018: $311,840Expenses 2018: $186,974Net Income 2018: $124,8662018Revenue 2019: $397,267Expenses 2019: $338,690Net Income 2019: $58,5772019Revenue 2020: $623,820Expenses 2020: $520,015Net Income 2020: $103,8052020Revenue 2021: $794,749Expenses 2021: $625,517Net Income 2021: $169,2322021Revenue 2022: $600,397Expenses 2022: $702,985Net Income 2022: -$102,5882022Revenue 2023: $404,183Expenses 2023: $643,064Net Income 2023: -$238,8812023Revenue 2024: $560,505Expenses 2024: $544,503Net Income 2024: $16,0022024

Highlighted filing

2020

Revenue$623,820
Expenses$520,015
Net Income$103,805
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.0
Gross Receipts
$623,835
Mission and Program Overview

Mission

Public interest reporting is critical to an informed, engaged electorate and accountable government. Carolina public press, a nonprofit online news service, provides western north carolina with unbiased in-depth and investigative reporting as well as training to journalists, students, and others.

Online news service focusing on north carolina

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$204,432$312,101▲ $107,669
Investments in Publicly Traded Securities$25,829$30,441▲ $4,612
Savings and Temporary Cash Investments-$25,091-
Total Assets$230,261$367,633▲ $137,372
Liabilities
Other Liabilities-$28,687-
Accounts Payable and Accrued Expenses$5,685$7,429▲ $1,744
Total Liabilities$5,685$36,116▲ $30,431
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$224,576$331,517▲ $106,941
Total Net Assets Fund Balance$224,576$331,517▲ $106,941
Total Liabilities and Net Assets / Fund Balance$230,261$367,633▲ $137,372

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$828$828

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$25,829$1,114▲ $3,758-$30,441
2019-$25,000▲ $913-$25,829
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Angelia NewsomeExecutive DiFT$45,529$45,529

Board Members and Trustees

NameTitle
Scott BarnwellPresident
Louise SpielerBoard Member
Sharon OxendineBoard Member
Susan LeathBoard Member
Victoria HicksBoard Member
Bob LewisTreasurer
Patrick DoranVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$600,241
Program Service Revenue
$21,000
Investment Income
$650
Other Revenue
$1,929
All Other Contributions
$600,241
Change in Net Assets
$103,805

Audited Revenue Reconciliation

Revenue per Audited Statements
$623,820
Revenue Not Reported on Form 990
$3,136
Total Revenue per Audited Statements
$626,956
Total Revenue per Form 990
$623,820
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$289,130
Other Expenses$219,866
Total Fundraising Expense$27,164
Professional Fundraising Fees$11,019
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$223,054--$223,054
Fees for Services Other$97,364--$97,364
Current Officers, Directors, Trustees, and Key Employees$18,211$13,659$13,659$45,529
Fees for Services Management$33,111$4,224-$37,335
Information Technology$25,932--$25,932
Payroll Taxes$20,547--$20,547
Advertising$10,599-$2,486$13,085
Occupancy$9,721$2,903-$12,624
Fees for Services Professional Fundraising--$11,019$11,019
Office Expenses$9,209$1,582-$10,791
Insurance$3,410$3,410-$6,820
Fees for Services Legal-$6,501-$6,501
Travel$4,669--$4,669
Fees for Services Accounting-$3,331-$3,331
All Other Expenses$1,414--$1,414
Total Functional Expenses$457,241$35,610$27,164$520,015

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$520,015
Total Expenses per Audited Statements$520,015
Total Expenses per Form 990$520,015
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$11,019
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$28,687
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The return was prepared by an independent accountant with assistance and oversight by management. Upon completion and review, a digital copy of the 990 was provided to the board. Questions from that review are addressed and appropriate edits are made prior to submission to the irs.

Form 990, Page 6, Part VI, Line 12C

All board members are required to sign the conflict of interest policy upon admittance to the board and each year thereafter. The policy is considered during discussion of relevant matters and members are required to disclose any potential conflicts as they arise.

Form 990, Page 6, Part VI, Line 15A

In 2014 when executive director compensation was set, the organization's personnel committee performed a study of comparable north carolina nonprofit organizations to determine an appropriate range within budgetary constraints. Compensation was reviewed in 2017 and was not substantially changed.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents and conflict of interest policy are available upon request at the organization's administrative office.

Filing and Contact Details

Filer

Filer Name
Carolina Public Press Inc
EIN
46-0801080
Phone
8287745290
Address
PO BOX 17595, ASHEVILLE, NC 28816

Signing Officer

Name
Angelia Newsome
Title
Executive Director
Phone
8282790949
Signed
2021-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angelia Newsome
Formed
2012
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
7
Volunteers
9

Preparer

Firm
Carter P C
Address
16 BILTMORE AVE SUITE 200, ASHEVILLE, NC 28801-3617
Preparer
Rufus W Dollar
Phone
8282599900
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Public interest reporting is critical to an informed, engaged electorate and accountable government. Carolina public press is an independent nonprofit news organization dedicated to nonpartisan in-depth and investigative news built upon the facts and context north carolinians need to know. Our award-winning, breakthrough journalism dismantles barriers and shines a light on the critical overlooked and under-reported issues facing our state's 10.2 million residents.

Form 990, Page 2, Part III, Line 4A

Carolina public press's 2020 goals were to provide nonpartisan, in-depth and investigative news built upon the facts and context north carolinians need to know. Our award-winning, breakthrough public-interest journalism dismantles barriers and shines a light on the critical overlooked and under-reported issues facing our state's 10.2 million residents. Our overall goals were to provide high-quality, context-rich and fact-based news for free to audiences, to provide journalism for and about overlooked and under-served communities and issues, and to engage communities about some of the most pressing issues facing the state. Carolina public press is wholly independent and nonpartisan. Our 2020 accomplishments include increasing free and reliable access to quality news. The organization published 446 news and investigative news reports on topics ranging from covid-19, access to health care, access to voting and the election, economic challenges in rural communities, the future of the state's national forests, conditions in jails and nursing homes, acess to public information and data, and more. Carolina public press also launched spanish-language and broadcast news programming. As a result, carolina public press produced nearly 100 radio and print translations of critical fact-based news in spanish. We established partnerships with radio outlets across the state, with a concentration in rural areas. In addition, we were a founding member of a statewide investigative news collaboration that worked to report on a variety of covid issues and how those issues impact people from the local to statewide level. As a result, carolina public press in 2020 expanded its reach, increased coverage and grew its newsroom to provide more public-interest, nonpartisan journalism to north carolinians. Carolina public press began as one part of the solution to reversing the reduction of investigative and public service journalism. Our readers, listeners, and members have helped that vision become a reality.

Form 990, Part IX, Line 11G

Technology contracts 356 0 0 design services 9,950 0 0 editorial services 67,908 0 0 news revenue hub 15,000 0 0 translations 4,150 0 0 total 97,364 0 0

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0CAROLINA PUBLIC PRESS'S 2020 GOALS WERE TO PROVIDE NONPARTISAN, IN-DEPTH AND INVESTIGATIVE NEWS BUILT UPON THE FACTS AND CONTEXT NORTH CAROLINIANS NEED TO KNOW. OUR AWARD-WINNING, BREAKTHROUGH PUBLIC-INTEREST JOURNALISM DISMANTLES BARRIERS AND SHINES A LIGHT ON THE CRITICAL OVERLOOKED AND UNDER-REPORTED ISSUES FACING OUR STATE'S 10.2 MILLION RESIDENTS. OUR OVERALL GOALS WERE TO PROVIDE HIGH-QUALITY, CONTEXT-RICH AND FACT-BASED NEWS FOR FREE TO AUDIENCES, TO PROVIDE JOURNALISM FOR AND ABOUT OVERLOOKED AND UNDER-SERVED COMMUNITIES AND ISSUES, AND TO ENGAGE COMMUNITIES ABOUT SOME OF THE MOST PRESSING ISSUES FACING THE STATE. CAROLINA PUBLIC PRESS IS WHOLLY INDEPENDENT AND NONPARTISAN. OUR 2020 ACCOMPLISHMENTS INCLUDE INCREASING FREE AND RELIABLE ACCESS TO QUALITY NEWS. THE ORGANIZATION PUBLISHED 446 NEWS AND INVESTIGATIVE NEWS REPORTS ON TOPICS RANGING FROM COVID-19, ACCESS TO HEALTH CARE, ACCESS TO VOTING AND THE ELECTION, ECONOMIC CHALLENGES IN RURAL COMMUNITIES, THE FUTURE OF THE STATE'S NATIONAL FORESTS, CONDITIONS IN JAILS AND NURSING HOMES, ACESS TO PUBLIC INFORMATION AND DATA, AND MORE. CAROLINA PUBLIC PRESS ALSO LAUNCHED SPANISH-LANGUAGE AND BROADCAST NEWS PROGRAMMING. AS A RESULT, CAROLINA PUBLIC PRESS PRODUCED NEARLY 100 RADIO AND PRINT TRANSLATIONS OF CRITICAL FACT-BASED NEWS IN SPANISH. WE ESTABLISHED PARTNERSHIPS WITH RADIO OUTLETS ACROSS THE STATE, WITH A CONCENTRATION IN RURAL AREAS. IN ADDITION, WE WERE A FOUNDING MEMBER OF A STATEWIDE INVESTIGATIVE NEWS COLLABORATION THAT WORKED TO REPORT ON A VARIETY OF COVID ISSUES AND HOW THOSE ISSUES IMPACT PEOPLE FROM THE LOCAL TO STATEWIDE LEVEL. AS A RESULT, CAROLINA PUBLIC PRESS IN 2020 EXPANDED ITS REACH, INCREASED COVERAGE AND GREW ITS NEWSROOM TO PROVIDE MORE PUBLIC-INTEREST, NONPARTISAN JOURNALISM TO NORTH CAROLINIANS. CAROLINA PUBLIC PRESS BEGAN AS ONE PART OF THE SOLUTION TO REVERSING THE REDUCTION OF INVESTIGATIVE AND PUBLIC SERVICE JOURNALISM. OUR READERS, LISTENERS, AND MEMBERS HAVE HELPED THAT VISION BECOME A REALITY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PUBLIC INTEREST REPORTING IS CRITICAL TO AN INFORMED, ENGAGED ELECTORATE AND ACCOUNTABLE GOVERNMENT. CAROLINA PUBLIC PRESS IS AN INDEPENDENT NONPROFIT NEWS ORGANIZATION DEDICATED TO NONPARTISAN IN-DEPTH AND INVESTIGATIVE NEWS BUILT UPON THE FACTS AND CONTEXT NORTH CAROLINIANS NEED TO KNOW. OUR AWARD-WINNING, BREAKTHROUGH JOURNALISM DISMANTLES BARRIERS AND SHINES A LIGHT ON THE CRITICAL OVERLOOKED AND UNDER-REPORTED ISSUES FACING OUR STATE'S 10.2 MILLION RESIDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CAROLINA PUBLIC PRESS'S 2020 GOALS WERE TO PROVIDE NONPARTISAN, IN-DEPTH AND INVESTIGATIVE NEWS BUILT UPON THE FACTS AND CONTEXT NORTH CAROLINIANS NEED TO KNOW. OUR AWARD-WINNING, BREAKTHROUGH PUBLIC-INTEREST JOURNALISM DISMANTLES BARRIERS AND SHINES A LIGHT ON THE CRITICAL OVERLOOKED AND UNDER-REPORTED ISSUES FACING OUR STATE'S 10.2 MILLION RESIDENTS. OUR OVERALL GOALS WERE TO PROVIDE HIGH-QUALITY, CONTEXT-RICH AND FACT-BASED NEWS FOR FREE TO AUDIENCES, TO PROVIDE JOURNALISM FOR AND ABOUT OVERLOOKED AND UNDER-SERVED COMMUNITIES AND ISSUES, AND TO ENGAGE COMMUNITIES ABOUT SOME OF THE MOST PRESSING ISSUES FACING THE STATE. CAROLINA PUBLIC PRESS IS WHOLLY INDEPENDENT AND NONPARTISAN. OUR 2020 ACCOMPLISHMENTS INCLUDE INCREASING FREE AND RELIABLE ACCESS TO QUALITY NEWS. THE ORGANIZATION PUBLISHED 446 NEWS AND INVESTIGATIVE NEWS REPORTS ON TOPICS RANGING FROM COVID-19, ACCESS TO HEALTH CARE, ACCESS TO VOTING AND THE ELECTION, ECONOMIC CHALLENGES IN RURAL COMMUNITIES, THE FUTURE OF THE STATE'S NATIONAL FORESTS, CONDITIONS IN JAILS AND NURSING HOMES, ACESS TO PUBLIC INFORMATION AND DATA, AND MORE. CAROLINA PUBLIC PRESS ALSO LAUNCHED SPANISH-LANGUAGE AND BROADCAST NEWS PROGRAMMING. AS A RESULT, CAROLINA PUBLIC PRESS PRODUCED NEARLY 100 RADIO AND PRINT TRANSLATIONS OF CRITICAL FACT-BASED NEWS IN SPANISH. WE ESTABLISHED PARTNERSHIPS WITH RADIO OUTLETS ACROSS THE STATE, WITH A CONCENTRATION IN RURAL AREAS. IN ADDITION, WE WERE A FOUNDING MEMBER OF A STATEWIDE INVESTIGATIVE NEWS COLLABORATION THAT WORKED TO REPORT ON A VARIETY OF COVID ISSUES AND HOW THOSE ISSUES IMPACT PEOPLE FROM THE LOCAL TO STATEWIDE LEVEL. AS A RESULT, CAROLINA PUBLIC PRESS IN 2020 EXPANDED ITS REACH, INCREASED COVERAGE AND GREW ITS NEWSROOM TO PROVIDE MORE PUBLIC-INTEREST, NONPARTISAN JOURNALISM TO NORTH CAROLINIANS. CAROLINA PUBLIC PRESS BEGAN AS ONE PART OF THE SOLUTION TO REVERSING THE REDUCTION OF INVESTIGATIVE AND PUBLIC SERVICE JOURNALISM. OUR READERS, LISTENERS, AND MEMBERS HAVE HELPED THAT VISION BECOME A REALITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTANT WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. UPON COMPLETION AND REVIEW, A DIGITAL COPY OF THE 990 WAS PROVIDED TO THE BOARD. QUESTIONS FROM THAT REVIEW ARE ADDRESSED AND APPROPRIATE EDITS ARE MADE PRIOR TO SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL BOARD MEMBERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY UPON ADMITTANCE TO THE BOARD AND EACH YEAR THEREAFTER. THE POLICY IS CONSIDERED DURING DISCUSSION OF RELEVANT MATTERS AND MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS AS THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN 2014 WHEN EXECUTIVE DIRECTOR COMPENSATION WAS SET, THE ORGANIZATION'S PERSONNEL COMMITTEE PERFORMED A STUDY OF COMPARABLE NORTH CAROLINA NONPROFIT ORGANIZATIONS TO DETERMINE AN APPROPRIATE RANGE WITHIN BUDGETARY CONSTRAINTS. COMPENSATION WAS REVIEWED IN 2017 AND WAS NOT SUBSTANTIALLY CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TECHNOLOGY CONTRACTS 356 0 0 DESIGN SERVICES 9,950 0 0 EDITORIAL SERVICES 67,908 0 0 NEWS REVENUE HUB 15,000 0 0 TRANSLATIONS 4,150 0 0 TOTAL 97,364 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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