Civic Intelligence

Lexington Observer Inc.

990 • Fiscal year 2023 • EIN 87-4640985

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 10, 2024

Organization ProfileWWW.LEXOBSERVER.ORG
PO Box 343Lexington, MA 02420

(781) 205-0695

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.03x

Higher debt load relative to assets than 42% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

33rd percentile

0.02x

Higher debt load relative to revenue than 33% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

93rd percentile

63%

Higher net margin than 93% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Balance Sheet
Liabilities / Assets42nd percentile

Assets

$1,142,953

No earlier filing loaded for comparison.

Net Assets

$1,103,297

No earlier filing loaded for comparison.

Liabilities

$39,656

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin93rd percentile

Revenue

$1,737,014

No earlier filing loaded for comparison.

Expenses

$640,394

No earlier filing loaded for comparison.

Net Income

$1,096,620

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.5M$1.0M$500K$0Assets 2023: $1,142,953Liabilities 2023: $39,656Net Assets 2023: $1,103,2972023Assets 2024: $175,806Liabilities 2024: $11,382Net Assets 2024: $164,4242024

Highlighted filing

2023

Assets$1,142,953
Liabilities$39,656
Net Assets$1,103,297
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2023: $1,737,014Expenses 2023: $640,394Net Income 2023: $1,096,6202023Revenue 2024: $4,040,925Expenses 2024: $4,979,798Net Income 2024: -$938,8732024

Highlighted filing

2023

Revenue$1,737,014
Expenses$640,394
Net Income$1,096,620
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 10, 2024
Return Version
2023v5.0
Gross Receipts
$1,737,014
Mission and Program Overview

Mission

The lexington observer is a hyperlocal, digital-first, nonprofit news site covering issues that matter most to people in lexington, including local government, education, economy, environment and culture. The mission of the organization is to increase understanding and participation in lexington massachusetts through local, community journalism.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,677$742,953▲ $736,276
Pledges and Grants Receivable-$400,000-
Total Assets$6,677$1,142,953▲ $1,136,276
Liabilities
Accounts Payable and Accrued Expenses-$39,656-
Total Liabilities$0$39,656▲ $39,656
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,677$1,103,297▲ $1,096,620
Total Net Assets Fund Balance$6,677$1,103,297▲ $1,096,620
Total Liabilities and Net Assets / Fund Balance$6,677$1,142,953▲ $1,136,276
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Nicholas MeleChair
Craig SandlerDirector
Elizabeth HansenDirector
Cameron HickeySecretary
Nagarjuna VennaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,737,013
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$0
All Other Contributions
$1,737,013
Change in Net Assets
$1,096,620

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,737,014
Total Revenue per Audited Statements
$1,737,014
Total Revenue per Form 990
$1,737,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$433,951
Grants and Similar Amounts Paid$150,000
Salaries, Compensation, and Employee Benefits$56,443
Total Fundraising Expense$25,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$372,909$14,071$25,000$411,980
Grants to Domestic Orgs$150,000--$150,000
Other Salaries and Wages$46,800$5,200-$52,000
Information Technology$11,002--$11,002
Office Expenses$5,736$394-$6,130
Payroll Taxes$3,999$444-$4,443
Advertising$2,951--$2,951
Travel$1,888--$1,888
Total Functional Expenses$595,285$20,109$25,000$640,394

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$640,394
Total Expenses per Audited Statements$640,394
Total Expenses per Form 990$640,394
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Nevada News Bureau IncLas Vegas, NV501c3Media Support$75,000
Searchlight New Mexico NewsSanta Fe, NM501c3Media Support$75,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Page 6, Part VI, Line 11B

“The organization's executive board reviews the completed form 990 and required schedules, and the board of directors approves it prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“All directors are asked to review the organization's conflict of interest policy upon joining the board of directors. All potential conflicts of interest are discussed during board of directors meetings and votes, if applicable, are recorded in the board meeting minutes.”

Form 990, Page 6, Part VI, Line 19

“Financial and annual reports, the organization's governing documents, and conflict of interest policy are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Lexington Observer Inc
EIN
87-4640985
Phone
7812050695
Address
PO BOX 343, LEXINGTON, MA 02420

Signing Officer

Name
Nicholas Mele
Title
Chair
Phone
7812050695
Signed
2024-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicholas Mele
Formed
2022
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
5

Preparer

Firm
Cziraki CPA Pllc
Address
8480 HONEYCUTT RD STE 200, RALEIGH, NC 27615
Preparer
Sophia Anita Cziraki
Phone
9195939722
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The lexington observer is a hyperlocal, digital-first, nonprofit news site covering issues that matter most to people in lexington, including local government, education, economy, environment and culture. The mission of the organization is to increase understanding and participation in lexington massachusetts through local, community journalism.”

Form 990, Part IX, Line 11G

“Consultants & contractors 133,992 14,071 25,000 editorial research & consult. 238,917 0 0 total 372,909 14,071 25,000”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization qualifies as a tax-exempt organization under section 501 (c)(3) of the internal revenue code and, therefore, there is no provision for federal or state income taxes. In addition, the organization has been determined by the internal revenue service (irs) not to be a private foundation within the meaning of section 509(a) of the code. Management believes that no uncertain tax positions exist for the organization at december 31, 2023.”

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, THERE IS NO PROVISION FOR FEDERAL OR STATE INCOME TAXES. IN ADDITION, THE ORGANIZATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE (IRS) NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. MANAGEMENT BELIEVES THAT NO UNCERTAIN TAX POSITIONS EXIST FOR THE ORGANIZATION AT DECEMBER 31, 2023.
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NEVADA NEWS BUREAU INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1SEARCHLIGHT NEW MEXICO NEWS
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt07455 ARROYO CROSSING PKWY STE 220
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1441 GREG AVENUE
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IRS990ScheduleI/RecipientTable/USAddress/CityNm1SANTA FE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE LEXINGTON OBSERVER IS A HYPERLOCAL, DIGITAL-FIRST, NONPROFIT NEWS SITE COVERING ISSUES THAT MATTER MOST TO PEOPLE IN LEXINGTON, INCLUDING LOCAL GOVERNMENT, EDUCATION, ECONOMY, ENVIRONMENT AND CULTURE. THE MISSION OF THE ORGANIZATION IS TO INCREASE UNDERSTANDING AND PARTICIPATION IN LEXINGTON MASSACHUSETTS THROUGH LOCAL, COMMUNITY JOURNALISM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S EXECUTIVE BOARD REVIEWS THE COMPLETED FORM 990 AND REQUIRED SCHEDULES, AND THE BOARD OF DIRECTORS APPROVES IT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DIRECTORS ARE ASKED TO REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY UPON JOINING THE BOARD OF DIRECTORS. ALL POTENTIAL CONFLICTS OF INTEREST ARE DISCUSSED DURING BOARD OF DIRECTORS MEETINGS AND VOTES, IF APPLICABLE, ARE RECORDED IN THE BOARD MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCIAL AND ANNUAL REPORTS, THE ORGANIZATION'S GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTANTS & CONTRACTORS 133,992 14,071 25,000 EDITORIAL RESEARCH & CONSULT. 238,917 0 0 TOTAL 372,909 14,071 25,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06677
IRS990/TotalAssetsEOYAmt01142953
IRS990/TotalAssetsGrp/BOYAmt06677
IRS990/TotalAssetsGrp/EOYAmt01142953
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01737013
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt025000
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020109
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0595285
IRS990/TotalFunctionalExpensesGrp/TotalAmt0640394
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt039656
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt039656
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06677
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01103297
IRS990/TotalProgramServiceExpensesAmt0595285
IRS990/TotalRevenueGrp/ExclusionAmt01
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01737014
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06677
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01142953
IRS990/TravelGrp/ProgramServicesAmt01888
IRS990/TravelGrp/TotalAmt01888
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 343
IRS990/USAddress/CityNm0LEXINGTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002420
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.LEXOBSERVER.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NICHOLAS MELE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum07812050695
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEXINGTON OBSERVER INC
ReturnHeader/Filer/BusinessNameControlTxt0LEXI
ReturnHeader/Filer/EIN0874640985
ReturnHeader/Filer/PhoneNum07812050695
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 343
ReturnHeader/Filer/USAddress/CityNm0LEXINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002420
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0821295479
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CZIRAKI CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08480 HONEYCUTT RD STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027615
ReturnHeader/PreparerPersonGrp/PhoneNum09195939722
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SOPHIA ANITA CZIRAKI
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-11-13T22:29:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,142,953
Liabilities
$39,656
Net assets
$1,103,297
Revenue
$1,737,014
Expenses
$640,394
Net income
$1,096,620
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.01$0.16$4.04$4.98$0.94
2023Detailed filing. Detailed filing data is available for this year.$1.14$0.04$1.10$1.74$0.64$1.10