Liabilities / Assets
58th percentile
Tied with the lowest-debt nonprofits in its peer group.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
58th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
58th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
35th percentile
Higher net margin than 35% of similar nonprofits.
Top Officer Pay
96th percentile
Higher top officer pay than 96% of similar nonprofits.
Top officer pay equals 26.9% of source-year revenue.
Asset Growth
20th percentile
Faster asset growth than 20% of similar nonprofits.
Revenue Growth
42nd percentile
Faster revenue growth than 42% of similar nonprofits.
Assets
Down$25,064
Down $7,571 (-23%) from 2021
Net Assets
Down$25,064
Down $7,571 (-23%) from 2021
Liabilities
Flat$0
Flat from 2021
Revenue
Up$253,951
Up $2,739 (+1.1%) from 2021
Expenses
Up$261,523
Up $25,321 (+11%) from 2021
Net Income
Down-$7,572
Down $22,582 (-150%) from 2021
This Corporation is a nonprofit public benefit corporation and is not organized for the private gain of any person. It is organized under the Nonprofit Public Benefit Corporation Law for public purposes. The specific purpose of this Corporation is to be a community-funded nonprofit news organization covering the city of Long Beach and its students: Writers, photographers and videographers cover youth and amateur sports in and around the city. The coverage provides the community with information and the student-athletes with free exposure, without the business side of college recruiting services. The Corporation staff also spends time in classrooms with young and aspiring high school and college journalists to help give them the skills to succeed in the professional world. The Corporation's website will feature multimedia content and coverage of local sports including articles, videos, and photographs.
The562 Network is a community funded and supported news organization serving the city of Long Beach California and greater communities. By developing a sustainable nonprofit news agency for the Long Beach community we are working to strengthen local journalism in our city. Our founding journalists have many years experience in producing a high-quality news product and have the community support the relationship with the schools colleges and universities in the area and the team around them that produces a well respected public service for our city. The products we create for the community appear on our website www.The562.org for free without charge and without "pay-walls" to block readers and viewers. Donations are solicited to support the financial cost of our work.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $32,636 | $25,064 | ▼ $7,572 |
| Cash and Non-Interest-Bearing Accounts | $19,864 | $14,490 | ▼ $5,374 |
| Accounts Receivable | $12,772 | $10,574 | ▼ $2,198 |
| Savings and Temporary Cash Investments | $0 | $0 | → $0 |
| Other Notes and Loans Receivable, Net | $0 | $0 | → $0 |
| Pledges and Grants Receivable | $0 | $0 | → $0 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Other Securities | $0 | $0 | → $0 |
| Investments Program Related | $0 | $0 | → $0 |
| Investments in Publicly Traded Securities | $0 | $0 | → $0 |
| Land, Buildings, and Equipment, Net | $0 | $0 | → $0 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Intangible Assets | $0 | $0 | → $0 |
| Inventories for Sale or Use | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Prepaid Expenses and Deferred Charges | $0 | $0 | → $0 |
| Total Assets | $32,636 | $25,064 | ▼ $7,572 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $0 | $0 | → $0 |
| Grants Payable | $0 | $0 | → $0 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Unsecured Notes Loans Payable | $0 | $0 | → $0 |
| Other Liabilities | $0 | $0 | → $0 |
| Deferred Revenue | $0 | $0 | → $0 |
| Escrow Account Liability | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $32,636 | $25,064 | ▼ $7,572 |
| Total Liabilities and Net Assets / Fund Balance | $32,636 | $25,064 | ▼ $7,572 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Michael Guardabascio | Founder Editor | FT | $68,303 | $68,303 |
| Jeffrey L Fiddler Jr | Founder Editor | FT | $67,202 | $67,202 |
| S Tyler R Hendrickson | Development Director Associate Editor | FT | $63,312 | $63,312 |
| Name | Title |
|---|---|
| Andrew J Kerr | President Chairperson of the Board |
| Brian Jacob Dunning | Director |
| Dan DeCarlo | Director |
| Dan Gooch | Director |
| Dede Rossi | Director |
| Jeffrey Gould | Director |
| Joseph Carlson | Director |
| Marilyn Jean Bohl | Director |
| Sharleen Chiyeko Higa | Secretary |
| Ryan Robert Thies | Treasurer Chief Financial Officer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $221,496 |
| Other Expenses | $40,027 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $198,817 | $0 | $0 | $198,817 |
| Payroll Taxes | $15,022 | $0 | $0 | $15,022 |
| Other Employee Benefits | $7,657 | $0 | $0 | $7,657 |
| Insurance | $0 | $4,793 | $0 | $4,793 |
| Other Expenses | $4,264 | $0 | $0 | $4,264 |
| Travel | $1,400 | $0 | $0 | $1,400 |
| Fees for Services Accounting | $0 | $1,094 | $0 | $1,094 |
| Advertising | $0 | $702 | $0 | $702 |
| Information Technology | $382 | $0 | $0 | $382 |
| Office Expenses | $0 | $186 | $0 | $186 |
| All Other Expenses | $0 | $163 | $0 | $163 |
| Total Functional Expenses | $254,585 | $6,938 | $0 | $261,523 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $0 |
| Fundraising Gross Income | $0 |
| Gaming Direct Expenses | $0 |
| Gaming Gross Income | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
“Sharleen Chiyeko Higa is the spouse of our founder and key employee Michael Guardabascio. Sharleen is an important member of our Board of Directors and provides invaluable leadership and direction for our mission and work. Her experience as a public school educator is extremely valuable to our Board and leadership. Sharleen recuses herself from voting and decision making concerning Mr. Guardabascio's employment compensation or benefits.”
“Each member of the board of directors is required to annually provide a signed Conflict of Interest Disclosure Form.”
“Comparisons of compensation for local journalists editors and industry leaders are evaluated each year. Our staff salaries are always below industry average for the duties performed.”
“Governing documents conflict of interest policy and financial statements are available to the public. Any member of the community can request these documents and we regularly provide copies of these documents to our funding partners and stakeholders in the community.”
“Governing documents conflict of interest policy and financial statements are available to the public. Any member of the community can request these documents and we regularly provide copies of these documents to our funding partners and stakeholders in the community.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 0 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 12772 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 10574 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | The562 Network is a community funded and supported news organization serving the city of Long Beach California and greater communities. By developing a sustainable nonprofit news agency for the Long Beach community we are working to strengthen local journalism in our city. Our founding journalists have many years experience in producing a high-quality news product and have the community support the relationship with the schools colleges and universities in the area and the team around them that produces a well respected public service for our city. The products we create for the community appear on our website www.The562.org for free without charge and without "pay-walls" to block readers and viewers. Donations are solicited to support the financial cost of our work. |
| IRS990/AdvertisingGrp/FundraisingAmt | 0 | 0 |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 702 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 702 |
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| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 163 |
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| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 163 |
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| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 0 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | Andrew J Kerr |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3238162408 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 5940 E WALTON ST |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | LONG BEACH |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 908151352 |
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| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
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| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 19864 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 14490 |
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| IRS990/CollectionsOfArtInd | 0 | false |
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| IRS990/CompensationProcessCEOInd | 0 | true |
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| IRS990/CYRevenuesLessExpensesAmt | 0 | -7572 |
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| IRS990/CYTotalExpensesAmt | 0 | 261523 |
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| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
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| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 0 |
| IRS990/Desc | 0 | The562 Network is a community funded nonprofit media outlet that covers sports and education in the City of Long Beach with free articles video highlights photo galleries podcasts features previews and more. Founders and editors Mike Guardabascio and JJ Fiddler as well as other staff members visit local high schools and colleges to discuss the future of media and work with aspiring local journalists. Mike Guardabascio has been writing professionally for 16 years. His work has been published in dozens of Southern California magazines and newspapers. He's won numerous awards and is the author of the book Football in Long Beach and co-author of Basketball in Long Beach. JJ Fiddler is an award-winning professional sportswriter and videographer who has been covering Southern California sports for multiple newspapers and websites since 2004. After attending Long Beach State and creating the first full sports page at the Union Weekly newspaper he has exclusively covered Long Beach sports since 2007. The562 Network covers the schools of Long Beach not just the sports. Everyone in the city is encouraged to utilize this community service to promote their events that support the local youth on and off campus. The562.org has about 150,000 page views each month with approximately 50,000 unique readers per month. Our videos are viewed between 75,000 and 160,000 times per month. Our social media engagements are regularly in the tens of thousand and our daily email newsletter reaches close to 3,000 subscribers. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonatedServicesAndUseFcltsAmt | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 3 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 241740 |
| IRS990/FamilyOrBusinessRlnInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FederatedCampaignsAmt | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 1094 |
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| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 1094 |
| IRS990/FeesForServicesLegalGrp/FundraisingAmt | 0 | 0 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 9 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 10 | 0.00 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 2.00 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 2.00 |
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| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Jeffrey L Fiddler Jr |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Joseph Carlson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Marilyn Jean Bohl |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Brian Jacob Dunning |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Jeffrey Gould |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Andrew J Kerr |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Ryan Robert Thies |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Sharleen Chiyeko Higa |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Development Director Associate Editor |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | President Chairperson of the Board |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Treasurer Chief Financial Officer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | Director |
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| IRS990/MissionDesc | 0 | This Corporation is a nonprofit public benefit corporation and is not organized for the private gain of any person. It is organized under the Nonprofit Public Benefit Corporation Law for public purposes. The specific purpose of this Corporation is to be a community-funded nonprofit news organization covering the greater Long Beach area and its students: Writers photographers and videographers cover youth and amateur sports in and around the city. The coverage provides the community with information and the student-athletes with free exposure without the business side of college recruiting services. The Corporation staff also spends time in classrooms with young and aspiring high school and college journalists to help give them the skills to succeed in the professional world. The Corporation's website will feature multimedia content and coverage of local sports including articles videos and photographs. |
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| IRS990/OtherExpensesGrp/Desc | 0 | Freelance Photography & Videography |
| IRS990/OtherExpensesGrp/Desc | 1 | Freelance Writing & Content |
| IRS990/OtherExpensesGrp/Desc | 2 | Internship Stipends |
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| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 8000 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 4264 |
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Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.