Civic Intelligence

The Current Media Inc

990 • Fiscal year 2022 • EIN 82-2971272

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

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

76th percentile

0.06x

Higher debt load relative to assets than 76% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

75th percentile

0.04x

Higher debt load relative to revenue than 75% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

71st percentile

20%

Higher net margin than 71% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

92nd percentile

$47,625

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 16.4% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

83rd percentile

48%

Faster asset growth than 83% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

53rd percentile

13%

Faster revenue growth than 53% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$176,919

Up $57,379 (+48%) from 2021

Net Assets

Up

$166,582

Up $58,454 (+54%) from 2021

Liabilities

Down

$10,337

Down $1,075 (-9.4%) from 2021

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin71st percentile

Revenue

Up

$289,786

Up $33,069 (+13%) from 2021

Expenses

Up

$231,332

Up $72,265 (+45%) from 2021

Net Income

Down

$58,454

Down $39,196 (-40%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth83rd 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

2022

Assets$176,919
Liabilities$10,337
Net Assets$166,582
Open 2022 Filing

Operations Trend

Revenue Growth53rd 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

2022

Revenue$289,786
Expenses$231,332
Net Income$58,454
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$289,786
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.

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 undercurrent awards honor 'wavemakers' who help move the lafayette community forward and demonstrate selflessness, creativity and a vision for a better lafayette.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$119,540$176,919▲ $57,379
Rtn Earn Endowment Incm Other Fnds$108,128$166,582▲ $58,454
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$119,540$176,919▲ $57,379
Other Assets Total-$0-
Liabilities
Other Liabilities$8,900$8,900→ $0
Accounts Payable and Accrued Expenses$2,512$1,437▼ $1,075
Total Liabilities$11,412$10,337▼ $1,075
Net Assets / Fund Balance
Total Net Assets Fund Balance$108,128$166,582▲ $58,454
Total Liabilities and Net Assets / Fund Balance$119,540$176,919▲ $57,379
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Christiaan MaderDirectorFT$47,625$47,625

Board Members and Trustees

NameTitle
Andre AlfredChairman
Angie HolanDirector
Carlee Alm-labarDirector
David BegnaudDirector
Deiadra GarrettDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$249,981
Program Service Revenue
$39,805
Investment Income
$0
Other Revenue
$0
All Other Contributions
$249,981
Change in Net Assets
$58,454
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$180,042
Salaries, Compensation, and Employee Benefits$51,290
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$11,906$35,719-$47,625
Fees for Services Other$12,225--$12,225
All Other Expenses$10,663--$10,663
Occupancy$9,135--$9,135
Office Expenses$3,809$3,809-$7,618
Insurance$2,408$2,408-$4,816
Other Expenses$4,026--$4,026
Payroll Taxes$916$2,749-$3,665
Advertising$2,956--$2,956
Travel$1,197--$1,197
Total Functional Expenses$186,647$44,685$0$231,332
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba 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

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

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
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2019
Legal Domicile
La
Voting Board Members
6
Independent Board Members
6
Employees
1

Preparer

Firm
Chesteen & Associates LLC
Address
2181 QUAIL RUN, BATON ROUGE, LA 70808
Preparer
H E Chesteen III CPA
Phone
2257614400
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SBA LOAN
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
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ReturnHeader/PreparerPersonGrp/PhoneNum02257614400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0H E Chesteen III CPA
ReturnHeader/ReturnTs02023-11-15T07:58:18-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHRISTIAAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MADER
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$176,919
Liabilities
$10,337
Net assets
$166,582
Revenue
$289,786
Expenses
$231,332
Net income
$58,454
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