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Nonprofit · EIN 86-2022385

NATIONAL TRUST FOR LOCAL NEWS

Tax-exempt · BRIGHTON, CO 80601

Financials

$46.1M$24.4M2023$53M$61M2024
Revenue Expenses · by fiscal year end
Financials of NATIONAL TRUST FOR LOCAL NEWS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$53,039,103$60,966,044-$7,926,941$34,073,910$18,047,234$16,026,676
December 31, 2023990$46,104,002$24,433,037$21,670,965$40,664,722$15,791,461$24,873,261
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$5,007,558
Program service revenue
$46,249,898
Investment income
$44,293
Other revenue
$1,737,354

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$2,064,100
Other salaries and wages
$24,539,925
Salaries, compensation and benefits (total)
$33,696,684
Professional fundraising fees
$0
Legal fees
$969,547
Accounting fees
$476,332
Occupancy
$2,361,872
Travel
$379,760
Depreciation
$2,379,314
Program services (functional)
$58,897,084
Management and general (functional)
$1,543,240
Fundraising (functional)
$525,720

Balance sheet and other

Total assets, start of year
$40,664,722
Total assets, end of year
$34,073,910
Total liabilities, end of year
$18,047,234
Net assets, end of year
$16,026,676
Land, buildings and equipment
$3,452,934
Net assets without donor restrictions
$14,338,176
Net assets with donor restrictions
$1,688,500
Gross unrelated business income
$24,104,729
Gross receipts
$53,039,103
Employees
606
Volunteers
8
Year formed
2021
State of legal domicile
CO

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
ELIZABETH HANSEN SHAPIROCEO
Officer
40$386,485$0
PHILLIP R MCDUFFIECHIEF PORTFOLIO OFFICER
Officer
40$310,000$44,496
WILLIAM NELLIGANCHIEF DEVELOPMENT OFFICER
Officer
40$230,000$25,741
CAROLINE ROSSCHIEF OPERATING OFFICER
Officer
40$230,000$9,200
ORLANDO E COMASHEAD OF ADVERTISING
Key employee
40$184,028$47,944
AMALIE NASHHEAD OF TRANSFORMATION
Key employee
40$184,028$27,167
RODNEY GIBBSHEAD OF PRODUCT
Key employee
40$158,333$34,972
CHERI MASIVP FINANCE
Officer
40$168,974$22,731
CAROLINE PORTERDIR, STRATEGIC P'SHIP (THRU 10/4/24)
Highest-paid employee
40$110,308$39,388
MARC HANDCHAIRMAN
Trustee or director, Officer
10$0$0
KEITH MESTRICHDIRECTOR
Trustee or director
10$0$0
LISA BORDERSDIRECTOR
Trustee or director
10$0$0
DANIELLE BOZARTHDIRECTOR
Trustee or director
10$0$0
MARCUS BRAUCHLIDIRECTOR
Trustee or director
10$0$0
SIMONE COXEDIRECTOR
Trustee or director
10$0$0
2 more people on this return
NameTitleHours / weekCompensation
LOUIS GOLDSTEINDIRECTOR
Trustee or director
10$0
MIZELL STEWARTDIRECTOR
Trustee or director
10$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
ELIZABETH HANSEN SHAPIROCEO
Officer
40$370,540
CAROLINE ROSSCHIEF OF STAFF
Highest-paid employee
40$188,008
WILLIAM NELLIGANCHIEF GROWTH OFFICER
Highest-paid employee
40$162,135
PHILLIP R MCDUFFIECHIEF PORTFOLIO OFFICER
Highest-paid employee
40$155,650
CAROLINE PORTERDIR STRATEGIC P'SHIP & IMPACT
Highest-paid employee
40$109,808
JENIFER F NELSONSTRATEGIC PARTNERSHIP (THRU 8/7/23)
Highest-paid employee
40$108,712
MARC HANDBOARD CHAIR
Trustee or director, Officer
10$0
JOHN WOTOWICZBOARD DIRECTOR
Trustee or director
1$0
JU-DON MARSHALLBOARD DIRECTOR
Trustee or director
1$0
LILLIAN RUIZCOO & CO-FOUNDER
Officer
40$0

Address and contacts

Address (IRS master file)
143 S 2ND PL, BRIGHTON, CO 80601-1632
In care of
% ELIZABETH HANSEN SHAPIRO
Principal officer (990 for 2024)
ELIZABETH HANSEN SHAPIRO, 143 S 2ND PL, BRIGHTON, CO 80601
Signed the 990
GREG CURLING, CFO
Phone
(303) 566-4074
Return prepared by
HOOD & STRONG LLP

Mission

THE NATIONAL TRUST FOR LOCAL NEWS IS A NON-PROFIT DEDICATED TO CONSERVING, TRANSFORMING, AND SUSTAINING COMMUNITY NEWS ORGANIZATIONS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE NATIONAL TRUST FOR LOCAL NEWS (NTLN) OWNS AND OPERATES COMMUNITY NEWS ORGANIZATIONS IN SERVICE OF THEIR PUBLIC SERVICE MISSION. OUR 215 JOURNALISTS REACH OVER TWO MILLION MONTHLY READERS IN DOZENS OF SMALL COMMUNITIES ACROSS COLORADO, MAINE, AND GEORGIA. NTLN'S MODEL IS RESPONSIVE TO THE NEEDS OF LOCAL COMMUNITIES, SCALABLE TO EVERY STATE, AND A UNIQUELY SUSTAINABLE WAY TO PROVIDE HIGH-QUALITY LOCAL JOURNALISM WHERE IT IS MOST AT RISK OF DISAPPEARING ALTOGETHER.
    Expenses $58,897,084 · revenue $47,987,252

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
86-2022385
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$34,073,910
Income (IRS master file)
$53,039,103

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$53,039,103$60,966,044$34,073,910XML
990-TDecember 2024–––IRS
990December 2023$46,104,002$24,433,037$40,664,722XML
990-TDecember 2023–––IRS
990December 2022$4,292,081$1,826,157$4,772,238IRS
990December 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-2022385).

Questions about NATIONAL TRUST FOR LOCAL NEWS

What is the EIN of NATIONAL TRUST FOR LOCAL NEWS?
The employer identification number (EIN) of NATIONAL TRUST FOR LOCAL NEWS is 86-2022385.
Is NATIONAL TRUST FOR LOCAL NEWS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to NATIONAL TRUST FOR LOCAL NEWS tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NATIONAL TRUST FOR LOCAL NEWS file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NATIONAL TRUST FOR LOCAL NEWS due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NATIONAL TRUST FOR LOCAL NEWS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NATIONAL TRUST FOR LOCAL NEWS?
The 990 for the year ended December 31, 2024 names ELIZABETH HANSEN SHAPIRO.
Who are the officers and directors of NATIONAL TRUST FOR LOCAL NEWS?
The 990 for the year ended December 31, 2024 lists 17 people; 9 received compensation from the organization, the highest $386,485 (ELIZABETH HANSEN SHAPIRO, CEO).
How much revenue does NATIONAL TRUST FOR LOCAL NEWS have?
On its 990 for the year ended December 31, 2024 it reported revenue of $53,039,103, expenses of $60,966,044 and total assets of $34,073,910 at year end.

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