Civic Intelligence

The Current Media Inc

990 • Fiscal year 2021 • EIN 82-2971272

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 11, 2022

Organization ProfileTHECURRENTLA.COM
106 Memory LaneLafayette, LA 70506

(337) 296-7138

Siviq Scores

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

Liabilities / Assets

77th percentile

0.10x

Higher debt load relative to assets than 77% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

74th percentile

0.04x

Higher debt load relative to revenue than 74% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

80th percentile

38%

Higher net margin than 80% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

90th percentile

$39,875

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 15.5% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

97th percentile

517%

Faster asset growth than 97% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

91st percentile

182%

Faster revenue growth than 91% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$119,540

Up $100,162 (+517%) from 2020

Net Assets

Up

$108,128

Up $97,650 (+932%) from 2020

Liabilities

Up

$11,412

Up $2,512 (+28%) from 2020

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin80th percentile

Revenue

Up

$256,717

Up $165,787 (+182%) from 2020

Expenses

Up

$159,067

Up $69,365 (+77%) from 2020

Net Income

Up

$97,650

Up $96,422 (+7852%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$200K$150K$100K$50K$0Assets 2020: $19,378Liabilities 2020: $8,900Net Assets 2020: $10,4782020Assets 2021: $119,540Liabilities 2021: $11,412Net Assets 2021: $108,1282021Assets 2022: $176,919Liabilities 2022: $10,337Net Assets 2022: $166,5822022Assets 2023: $139,968Liabilities 2023: $23,727Net Assets 2023: $116,2412023Assets 2024: $153,242Liabilities 2024: $15,889Net Assets 2024: $137,3532024

Highlighted filing

2021

Assets$119,540
Liabilities$11,412
Net Assets$108,128
Open 2021 Filing

Operations Trend

Revenue Growth91st percentile

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

$600K$400K$200K$0-$200KRevenue 2020: $90,930Expenses 2020: $89,702Net Income 2020: $1,2282020Revenue 2021: $256,717Expenses 2021: $159,067Net Income 2021: $97,6502021Revenue 2022: $289,786Expenses 2022: $231,332Net Income 2022: $58,4542022Revenue 2023: $290,701Expenses 2023: $341,042Net Income 2023: -$50,3412023Revenue 2024: $457,162Expenses 2024: $436,050Net Income 2024: $21,1122024

Highlighted filing

2021

Revenue$256,717
Expenses$159,067
Net Income$97,650
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.2
Gross Receipts
$256,717
Mission and Program Overview

Mission

The current media was created by experienced journalists to address a shortfall of in-depth, thoughtful journalism in this area. Further, lafayette and the broader acadiana region lack local ownership among its media organizations. Virtually all of the publishers and broadcasters in this area are owned by interests located outside of the city, many outside of the state. It is vital to preserve locally owned information outlets for the sake of local democracy. The current media's primary activity is publishing high quality, in-depth journalism and tools of civic engagement online and via email.

Educating the public through high-quality journalism, events, and digital tools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$19,378$119,540▲ $100,162
Rtn Earn Endowment Incm Other Fnds$10,478$108,128▲ $97,650
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$19,378$119,540▲ $100,162
Liabilities
Other Liabilities$8,900$8,900→ $0
Accounts Payable and Accrued Expenses-$2,512-
Total Liabilities$8,900$11,412▲ $2,512
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,478$108,128▲ $97,650
Total Liabilities and Net Assets / Fund Balance$19,378$119,540▲ $100,162
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Christiaan MaderPresidentFT$39,875$39,875

Board Members and Trustees

NameTitle
Andre AlfredDirector
Carlee Alm-labarDirector
David BegnaudDirector
Deiadra GarrettDirector
Gus RezendeDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$241,392
Program Service Revenue
$15,325
Investment Income
$0
Other Revenue
$0
All Other Contributions
$238,665
Change in Net Assets
$97,650
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$116,142
Salaries, Compensation, and Employee Benefits$42,925
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$9,969$29,906-$39,875
Office Expenses$3,148$3,147-$6,295
Other Expenses$5,207--$5,207
All Other Expenses$3,638--$3,638
Payroll Taxes$762$2,288-$3,050
Advertising$2,663--$2,663
Insurance$2,566--$2,566
Fees for Services Accounting$700--$700
Total Functional Expenses$123,726$35,341$0$159,067
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Eidl Loan$8,900
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
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, Part VI, Section B, Line 11B

“The organization provides quarterly financial statements to its board members and does not require approval of form 990 before filing.”

Form 990, Part VI, Section C, Line 18

“The organization has its form 1023 available for public inspection upon request. Send request to po box 3363 lafayette, la 70502.”

Form 990, Part VI, Section C, Line 19

“The organization has its governing documents and financial information available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Current Media Inc
EIN
82-2971272
Phone
3372967138
Address
106 MEMORY LANE, LAFAYETTE, LA 70506

Signing Officer

Name
Christiaan Mader
Title
President
Phone
3372967138
Signed
2022-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christiaan Mader
Formed
2019
Legal Domicile
La
Voting Board Members
6
Independent Board Members
6
Employees
1
Volunteers
0

Preparer

Firm
Broussard Poche Llp
Address
PO BOX 61400, LAFAYETTE, LA 70596-1400
Preparer
Lauren Bergeron
Phone
3379884930
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“Undercurrent awards event honors 'wavemakers' who help move the lafayette community forward and demonstrate selflessness, creativity and a vision for a better lafayette.”

Raw XML Appendix354 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UNDERCURRENT AWARDS EVENT HONORS 'WAVEMAKERS' WHO HELP MOVE THE LAFAYETTE COMMUNITY FORWARD AND DEMONSTRATE SELFLESSNESS, CREATIVITY AND A VISION FOR A BETTER LAFAYETTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION PROVIDES QUARTERLY FINANCIAL STATEMENTS TO ITS BOARD MEMBERS AND DOES NOT REQUIRE APPROVAL OF FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS ITS FORM 1023 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. SEND REQUEST TO PO BOX 3363 LAFAYETTE, LA 70502.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS ITS GOVERNING DOCUMENTS AND FINANCIAL INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035341
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0123726
IRS990/TotalFunctionalExpensesGrp/TotalAmt0159067
IRS990/TotalGrossUBIAmt010850
IRS990/TotalLiabilitiesBOYAmt08900
IRS990/TotalLiabilitiesEOYAmt011412
IRS990/TotalLiabilitiesGrp/BOYAmt08900
IRS990/TotalLiabilitiesGrp/EOYAmt011412
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010478
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0108128
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0123726
IRS990/TotalProgramServiceRevenueAmt015325
IRS990/TotalReportableCompFromOrgAmt039875
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04475
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0256717
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt010850
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt019378
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0119540
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0THECURRENTLA.COM
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTIAAN MADER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03372967138
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE CURRENT MEDIA INC
ReturnHeader/Filer/BusinessNameControlTxt0CURR
ReturnHeader/Filer/EIN0822971272
ReturnHeader/Filer/PhoneNum03372967138
ReturnHeader/Filer/USAddress/AddressLine1Txt0106 MEMORY LANE
ReturnHeader/Filer/USAddress/CityNm0LAFAYETTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070506
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0720538016
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BROUSSARD POCHE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 61400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAFAYETTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0705961400
ReturnHeader/PreparerPersonGrp/PhoneNum03379884930
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAUREN BERGERON
ReturnHeader/ReturnTs02022-11-15T13:43:03-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHRISTIAAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MADER
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$119,540
Liabilities
$11,412
Net assets
$108,128
Revenue
$256,717
Expenses
$159,067
Net income
$97,650
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.53$0.16$1.37$4.57$4.36$0.21
2023Detailed filing. Detailed filing data is available for this year.$1.40$0.24$1.16$2.91$3.41$0.50
2022Detailed filing. Detailed filing data is available for this year.$1.77$0.10$1.67$2.90$2.31$0.58
2021Detailed filing. Detailed filing data is available for this year.$1.20$0.11$1.08$2.57$1.59$0.98
2020Detailed filing. Detailed filing data is available for this year.$0.19$0.09$0.10$0.91$0.90$0.01