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Monterey News Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043098721 ✦ Monterey, MA ✦ Designated as a 501(c)(3)

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Overview

What is Monterey News Inc?

Monterey News Inc is a nonprofit organization that focuses on publishing and distributing a community newspaper with twelve monthly issues. Each issue typically contains around 1100 copies, and the associated expenses total approximately $27,050. However, it's worth noting that these costs exceed the budget, reaching $28,534 annually. The organization's primary activity involves the publication and distribution of this local newspaper.

Is Monterey News Inc legitimate?

Monterey News Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monterey News Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of Monterey News Inc?

Monterey News Inc's mission involves publishing and distributing a community newspaper, with twelve issues released each month. The circulation for each issue is approximately 1100 copies. The organization incurs expenses of around $27,050 for producing and distributing each issue. However, it should be noted that these expenses occasionally exceed the budget, reaching $28,534. In simpler terms, Monterey News Inc is committed to providing a community newspaper, aiming to reach a significant audience with each issue, despite occasional financial challenges.

Who is the CEO of Monterey News Inc?

Kyle L Pierce is the President of Monterey News Inc.

What is the revenue of Monterey News Inc?

Monterey News Inc's revenue in 2022 was $28,509.

Who are the executives of Monterey News Inc and what are their salaries?


Here are 7 key members and their salaries:


Kyle L Pierce (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Snyder (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia T Hoogs (Treasurer)
  • Compensation: $600
  • Related: $0
  • Other: $0
Bonner Mcallester (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rosalyn Halberstatler (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Lynch (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Jensen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Monterey News Inc?

Monterey News Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Monterey News Inc

Monterey News Inc, a community-focused organization, is dedicated to publishing and distributing a monthly newspaper. With a circulation of approximately 1100 copies, Monterey News Inc fulfills this mission while managing expenses of around $27,050 per month. However, the expenses have exceeded the budget in some months, reaching $28,534. Despite these financial challenges, Monterey News Inc remains committed to serving its community through the medium of its newspaper.

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Impact




August, 2024

Monterey News Inc has a significant impact on the community by publishing and distributing a community newspaper with twelve monthly issues of approximately 1100 copies per month. This initiative helps to keep the residents of Monterey informed and connected with local news, events, and information. Additionally, by focusing on the arts through its publication, Monterey News Inc contributes to the cultural enrichment and appreciation of arts within the community. Through its efforts, Monterey News Inc plays a vital role in promoting community engagement and fostering a sense of unity among residents.




This information is meant to be a general summary of Monterey News Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$28,509 (2022)
Expenses
$28,534 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $16
  • Program Service Revenue: $9,966
  • Gross Receipts: $28,509

Assets and Liabilities:

  • Total Assets: $26,452
  • Total Liabilities: $0
  • Net Assets: $26,452

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Organization Details

Principal Officer

Kyle L Pierce

Main Address

PO BOX 9, Monterey, MA, 01245

NTEE Category

Code: A33 - Arts

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