Liabilities / Assets
71st percentile
Higher debt load relative to assets than 71% of similar nonprofits.
Corporation for New Jersey Local Media
EIN 85-2177281 • 501(c)3 • Morristown, NJ
Profile
We build strong communities through journalism and civic engagement.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.22x
Liabilities / Revenue
86th percentile
Higher debt load relative to revenue than 86% of similar nonprofits.
Net Margin
57th percentile
Higher net margin than 57% of similar nonprofits.
Top Officer Pay
54th percentile
Higher top officer pay than 54% of similar nonprofits.
Top officer pay equals 7.0% of source-year revenue.
Asset Growth
42nd percentile
Faster asset growth than 42% of similar nonprofits.
Revenue Growth
7th percentile
Faster revenue growth than 7% of similar nonprofits.
Balance Sheet
Assets
Up$1,241,720
Up $40,756 (+3.4%) from 2023
Liabilities
Down$278,966
Down $3,034 (-1.1%) from 2023
Net Assets
Up$962,754
Up $43,790 (+4.8%) from 2023
Revenue
Down$287,734
Down $192,426 (-40%) from 2023
Expenses
Up$243,944
Up $93,204 (+62%) from 2023
Net Income
Down$43,790
Down $285,630 (-87%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $1,241,720
- Liabilities
- $278,966
- Net assets
- $962,754
- Revenue
- $287,734
- Expenses
- $243,944
- Net income
- $43,790
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 17, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $315,254
Mission and Program Overview
Mission
We build strong communities through journalism and civic engagement.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $87,151 | $22,429 | ▼ $64,722 |
| Cash and Non-Interest-Bearing Accounts | $10,052 | $11,512 | ▲ $1,460 |
| Total Assets | $1,200,964 | $1,241,720 | ▲ $40,756 |
| Other Assets Total | $1,103,761 | $1,207,779 | ▲ $104,018 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $282,000 | $278,966 | ▼ $3,034 |
| Total Liabilities | $282,000 | $278,966 | ▼ $3,034 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $918,964 | $962,754 | ▲ $43,790 |
| Total Net Assets Fund Balance | $918,964 | $962,754 | ▲ $43,790 |
| Total Liabilities and Net Assets / Fund Balance | $1,200,964 | $1,241,720 | ▲ $40,756 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $1,207,779 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Amanda Richardson | Executive Director | PT | $20,000 | $20,000 |
| Tamara Pompey | Chief of Marketing & Philanthropy | PT | $7,500 | $7,500 |
Board Members and Trustees
| Name | Title |
|---|---|
| Lisa Bhimani Md | Chair |
| Alex Ranger | Vice Chair |
| Ben Probert | Board Membmer |
| Ken Herts | Board Membmer |
| Kip Bateman | Board Membmer |
| Patti Smith-barrett | Board Membmer |
| Rich Nolan | Board Membmer |
| Steve Oroho | Board Membmer |
| Timothy Simpson | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $287,362
- Program Service Revenue
- $0
- Investment Income
- $372
- Other Revenue
- $0
- All Other Contributions
- $244,732
- Change in Net Assets
- $43,790
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $190,221 |
| Salaries, Compensation, and Employee Benefits | $27,500 |
| Grants and Similar Amounts Paid | $26,223 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Information Technology | $61,692 | - | - | $61,692 |
| Current Officers, Directors, Trustees, and Key Employees | $6,875 | $20,625 | - | $27,500 |
| Grants to Domestic Orgs | $20,723 | - | - | $20,723 |
| Advertising | - | $5,976 | - | $5,976 |
| Grants to Domestic Individuals | $5,500 | - | - | $5,500 |
| Insurance | - | $4,899 | - | $4,899 |
| Office Expenses | - | $4,864 | - | $4,864 |
| Fees for Services Accounting | - | $3,672 | - | $3,672 |
| Fees for Services Other | $876 | $2,627 | - | $3,503 |
| Fees for Services Legal | - | $964 | - | $964 |
| Travel | $128 | $383 | - | $511 |
| Other Expenses | $100,865 | $324 | - | $324 |
| Total Functional Expenses | $196,659 | $47,285 | $0 | $243,944 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Nj Urban News | Newark, NJ | - | Subgrant | $17,900 |
Fundraising, Events, and Gaming
- Fundraising activities
- Yes
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $27,520 |
| Fundraising Gross Income | $27,520 |
| Professional Fundraising Fees | $0 |
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Byrne Kean Dinner | $70,150 | $27,520 | $27,520 | $0 |
| Total Events | $70,150 | $27,520 | $27,520 | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
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
- Yes
- 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
“Corporation for new jersey local media has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is provided to the members of the organizations governing body for any comments prior to its submission. The governing body is provided with a reasonable amount of time to review the form 990. Any comments are then grouped, summarized and provided through management to the outside accounting firm. Any applicable issues are addressed prior to the return being finalized and approved for filing.”
Form 990, Part VI, Section B, Line 12C
“Corporation for new jersey local media currently has in place a conflict of interest policy which it regularly monitors and enforces. The board mandates that all members of management and the governing body annually sign a conflict of interest policy and disclose any potential or actual conflicts that may exist. If a potential or actual conflict of interest exists, the governing body and management will investigate the issue. If a conflict of interest is determined to exist management and the governing body will be notified immediately. The member will not be allowed to vote or be a part of any decisions about any such transactions that have to do with the conflict”
Form 990, Part VI, Section B, Line 15
“The compensation of the organization's officers or key employees is reviewed and approved by the board of trustees, an independent body.”
Form 990, Part VI, Section C, Line 19
“Corporation for new jersey local media makes its form 990 available for public inspection as required under section 6104 of the internal revenue code upon written request at the organizations office at 155 woodland rd, newvernon, nj 07976. In addition form 1023 as well as the financial statements, and conflict of interest policy are available upon written request at the organizations office at 155 woodland rd, newvernon, nj 07976.”
Filing and Contact Details
Filer
- Filer Name
- Corporation for New Jersey Local Media
- EIN
- 85-2177281
- Phone
- 9734767500
- Address
- 100 SOUTH JEFFERSON RD 104, MORRISTOWN, NJ 07981
Signing Officer
- Name
- Lisa Bhimani Md
- Title
- Chair
- Phone
- 9734767500
- Signed
- 2025-11-17
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Lisa Bhimani Md
- Formed
- 2021
- Legal Domicile
- Nj
- Voting Board Members
- 9
- Independent Board Members
- 9
- Employees
- 2
- Volunteers
- 20
Preparer
- Firm
- Nisivoccia Llp
- Address
- 200 VALLEY RD SUITE 300, MT ARLINGTON, NJ 07856
- Preparer
- Douglas S Collins
- Phone
- 9733281825
Supplemental Narrative
Additional Explanations
Form 990 Part XII, Line 2C
“There was no change from the prior year.”
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| IRS990/OtherExpensesGrp/TotalAmt | 2 | 324 |
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| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | LISA BHIMANI MD |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
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| IRS990/ReportOtherAssetsInd | 0 | 1 |
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| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 6 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
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| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | INVESTMENT IN NEW JERSEY HILLS MEDIA GROUP |
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| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 625 BROAD STREET |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | NEWARK |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 07102 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | CORPORATION FOR NEW JERSEY LOCAL MEDIA HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED PRIOR TO THE RETURN BEING FINALIZED AND APPROVED FOR FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | CORPORATION FOR NEW JERSEY LOCAL MEDIA CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE COMPENSATION OF THE ORGANIZATION'S OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES, AN INDEPENDENT BODY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | CORPORATION FOR NEW JERSEY LOCAL MEDIA MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 155 WOODLAND RD, NEWVERNON, NJ 07976. IN ADDITION FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 155 WOODLAND RD, NEWVERNON, NJ 07976. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THERE WAS NO CHANGE FROM THE PRIOR YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990 PART XII, LINE 2C |
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| IRS990/UponRequestInd | 0 | X |
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| IRS990/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990/USAddress/ZIPCd | 0 | 07981 |
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| IRS990/VotingMembersIndependentCnt | 0 | 9 |
| IRS990/WebsiteAddressTxt | 0 | NEWSWENEED.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
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