Civic Intelligence

Canary Media Inc.

EIN 86-2478288 • 501(c)3 • Asheville, NC

Pub. 78 EligibleNTEE C01

Profile

A journalism outlet dedicated to chronicling the transition to a decarbonized economy and society.

67 Broadway St Suite 200Asheville, NC 28801

www.canarymedia.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

3.49x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

89th percentile

1.20x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

4th percentile

-81%

Higher net margin than 4% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$2,175,075

Up $757,887 (+53%) from 2024

Liabilities

Up

$375,353

Up $120,171 (+47%) from 2024

Net Assets

Up

$1,799,722

Up $637,716 (+55%) from 2024

Operations
Liabilities / Revenue89th percentileNet Margin4th percentile

Revenue

Down

$3,704,087

Down $2,938,533 (-44%) from 2024

Expenses

Up

$3,066,371

Up $444,542 (+17%) from 2024

Net Income

Down

$637,716

Down $3,383,075 (-84%) from 2024

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2021: $793,851Liabilities 2021: $864,200Net Assets 2021: -$70,3492021Assets 2022: $509,127Liabilities 2022: $1,777,067Net Assets 2022: -$1,267,9402022Assets 2023: $704,804Liabilities 2023: $3,563,589Net Assets 2023: -$2,858,7852023Assets 2024: $1,417,188Liabilities 2024: $255,182Net Assets 2024: $1,162,0062024Assets 2025: $2,175,075Liabilities 2025: $375,353Net Assets 2025: $1,799,7222025

Highlighted filing

2025

Assets$2,175,075
Liabilities$375,353
Net Assets$1,799,722
Open 2025 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2021: $434,821Expenses 2021: $505,170Net Income 2021: -$70,3492021Revenue 2022: $1,481,832Expenses 2022: $2,679,423Net Income 2022: -$1,197,5912022Revenue 2023: $1,234,416Expenses 2023: $2,825,261Net Income 2023: -$1,590,8452023Revenue 2024: $6,642,620Expenses 2024: $2,621,829Net Income 2024: $4,020,7912024Revenue 2025: $3,704,087Expenses 2025: $3,066,371Net Income 2025: $637,7162025

Highlighted filing

2025

Revenue$3,704,087
Expenses$3,066,371
Net Income$637,716
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,175,075
Liabilities
$375,353
Net assets
$1,799,722
Revenue
$3,704,087
Expenses
$3,066,371
Net income
$637,716
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.18$0.38$1.80$3.70$3.07$0.64
2024Detailed filing. Detailed filing data is available for this year.$1.42$0.26$1.16$6.64$2.62$4.02
2023Detailed filing. Detailed filing data is available for this year.$0.70$3.56$2.86$1.23$2.83$1.59
2022Detailed filing. Detailed filing data is available for this year.$0.51$1.78$1.27$1.48$2.68$1.20
2021Summary only. Only limited summary data is available for this year.$0.79$0.86$0.07$0.43$0.51$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Apr 9, 2026
Return Version
2024v5.1
Gross Receipts
$3,704,087
Mission and Program Overview

Mission

A journalism outlet dedicated to chronicling the transition to a decarbonized economy and society.

Canary Media is an independent, nonprofit newsroom covering the transition to clean energy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,298,362$1,728,724▲ $430,362
Pledges and Grants Receivable$0$418,000▲ $418,000
Prepaid Expenses and Deferred Charges$1,775$18,301▲ $16,526
Accounts Receivable$112,383$10,050▼ $102,333
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,417,188$2,175,075▲ $757,887
Other Assets Total$4,668$0▼ $4,668
Liabilities
Accounts Payable and Accrued Expenses$88,209$198,318▲ $110,109
Deferred Revenue$153,173$177,035▲ $23,862
Other Liabilities$13,800$0▼ $13,800
Unsecured Notes Loans Payable$0--
Total Liabilities$255,182$375,353▲ $120,171
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$806,851$1,112,738▲ $305,887
Net Assets With Donor Restrictions$355,155$686,984▲ $331,829
Total Net Assets Fund Balance$1,162,006$1,799,722▲ $637,716
Total Liabilities and Net Assets / Fund Balance$1,417,188$2,175,075▲ $757,887
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric WESOFFExecutive DirectorFT$166,058$18,951$185,009
Lisa HymasExecutive EditorFT$148,966$33,764$182,730
Jeff St JohnChief Reporter and Policy SpecialistFT$138,773$42,064$180,837
Nicholas RINALDITreasurer & General ManagerFT$154,960$21,960$176,920
Julian SpectorSenior ReporterFT$119,374$15,444$134,818
Stephanie PrimaveraDirector of Creative and Brand PartnershipsFT$112,773$19,640$132,413
Katherine GottschSenior Director, Content & PartnershipFT$119,970$8,901$128,871

Board Members and Trustees

NameTitle
Adam BrowningBoard Member
Lena HansenBoard Member
Martha PickettBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Post Script Media LLCPodcast Production223R PRINCETON STREET, East Boston, MA 02128-
Revenue and Support

Revenue Composition

Contributions and Grants
$3,063,950
Program Service Revenue
$588,435
Investment Income
$51,702
Other Revenue
$0
All Other Contributions
$3,063,950
Change in Net Assets
$637,716

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,704,087
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$3,704,087
Total Revenue per Form 990
$3,704,087
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,192,243
Other Expenses$874,128
Total Fundraising Expense$294,583
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,340,933$80,510$132,951$1,554,394
Current Officers, Directors, Trustees, and Key Employees$167,512$65,020$64,384$296,916
Fees for Services Other$257,605$1,815$30,282$289,702
Payroll Taxes$142,416$20,380$18,392$181,188
Advertising$146,623--$146,623
Travel$101,557-$10,489$112,046
Conferences and Meetings$88,912$539$9,702$99,153
Other Employee Benefits$71,046$7,019$14,200$92,265
Information Technology$67,859$2,776$2,045$72,680
Pension Plan Contributions$2,773$64,707-$67,480
Fees for Services Accounting-$57,537-$57,537
Office Expenses$2,879$8,987$12,133$23,999
Insurance-$5,431-$5,431
Occupancy-$4,091-$4,091
Other Expenses$3,446$0$0$3,446
Fees for Services Legal-$1,590-$1,590
Interest-$31-$31
Total Functional Expenses$2,406,700$365,088$294,583$3,066,371

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,066,371
Total Expenses per Audited Statements$3,066,371
Total Expenses per Form 990$3,066,371
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes-
Due to Affiliates-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Line 15A & 15B

“Rocky mountain institute (rmi), a related organization, has engaged an outside compensation firm to review compensation for all levels, including managing directors, update benchmarks, and ensure compensation levels are appropriately competitive. This review is completed annually. Rmi regularly ensures new and modified positions of all levels are appropriately priced with regard to salary and bonus, including senior level positions. The people committee of rmi's board of trustees annually reviews all compensation practices, market benchmarks, and votes on final compensation decisions for all managing directors and chief officers. The approval of these decisions are documented in the rmi board meeting minutes and the detail of the compensation changes are documented in the human resources system.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“Canary media's review process for the 990 form begins with a formal review by management. After management review, the 990 is distributed to the full board prior to filing.”

Form 990, Part VI, Line 12C Conflict of interest policy

“Officer, directors and key employees are required to update and submit a signed statement annually that discloses any relationships or sitations that may give rise to a conflict of interest. All conflicts of interests are reviewed by the controller to determine if a conflict exists. If a conflict exists appropriate action is taken.”

Form 990, Part VI, Line 19 Required documents available to the public

“Canary media's articles of incorporation are of public record with the delaware secretary of state. Copies of audited financial statements and any policy, including bylaws, are available upon request.”

Filing and Contact Details

Filer

Filer Name
Canary Media Inc
EIN
86-2478288
Phone
8284194856
Address
67 Broadway St Suite 200, Asheville, NC 28801

Signing Officer

Name
Eric Wesoff
Title
Executive Director
Phone
8284194856
Signed
2026-04-09
Discuss with paid preparer
Yes

Organization Details

Formed
2021
Legal Domicile
De
Voting Board Members
4
Independent Board Members
1
Employees
12
Volunteers
1

Preparer

Firm
Forvis Mazars LLP
Address
111 South Tejon Suite 800, Colorado Springs, CO 80903-9848
Preparer
Adam R Smith
Phone
7194714290
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

“Canary media applies a more-likely-than-not measurement methodology to reflect the financial statement impact of uncertain tax positions taken or expected to be taken in a tax return. After evaluating the tax positions taken, none are considered to be uncertain; therefore, no amounts have been recognized as of june 30, 2023 and 2022. If incurred, interest and penalties associated with tax positions are recorded in the period assessed as general and administrative expense. No interest or penalties have been assessed as of june 30, 2025 and 2024.”

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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/InformationTechnologyGrp/ProgramServicesAmt067859
IRS990/InformationTechnologyGrp/TotalAmt072680
IRS990/InsuranceGrp/ManagementAndGeneralAmt05431
IRS990/InsuranceGrp/TotalAmt05431
IRS990/InterestGrp/ManagementAndGeneralAmt031
IRS990/InterestGrp/TotalAmt031
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IRS990/MissionDesc0Canary Media is an independent, nonprofit newsroom covering the transition to clean energy.
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IRS990/OfficeExpensesGrp/ProgramServicesAmt02879
IRS990/OfficeExpensesGrp/TotalAmt023999
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IRS990/OtherAssetsTotalGrp/BOYAmt04668
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt014200
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07019
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt071046
IRS990/OtherEmployeeBenefitsGrp/TotalAmt092265
IRS990/OtherExpensesGrp/Desc0TAXES
IRS990/OtherExpensesGrp/Desc1PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc2STAFF RECRUITMENT & DEVELOPMENT
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IRS990/OtherExpensesGrp/FundraisingAmt15
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt044655
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IRS990/OtherExpensesGrp/ProgramServicesAmt14062
IRS990/OtherExpensesGrp/ProgramServicesAmt23446
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IRS990/OtherExpensesGrp/TotalAmt14067
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt080510
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Eric Wesoff
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DESCRIPTION - OTHER INCOME, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 2380.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 2380.0;
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10 Other Income
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATES
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IRS990ScheduleD/RevenueSubtotalAmt03704087
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CANARY MEDIA APPLIES A MORE-LIKELY-THAN-NOT MEASUREMENT METHODOLOGY TO REFLECT THE FINANCIAL STATEMENT IMPACT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AFTER EVALUATING THE TAX POSITIONS TAKEN, NONE ARE CONSIDERED TO BE UNCERTAIN; THEREFORE, NO AMOUNTS HAVE BEEN RECOGNIZED AS OF JUNE 30, 2023 AND 2022. IF INCURRED, INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS ARE RECORDED IN THE PERIOD ASSESSED AS GENERAL AND ADMINISTRATIVE EXPENSE. NO INTEREST OR PENALTIES HAVE BEEN ASSESSED AS OF JUNE 30, 2025 AND 2024.

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