Overview
What is Local Media Foundation?
Local Media Foundation is a nonprofit organization, located in Lake City, Michigan (specific address not provided), dedicated to addressing racial inequities in America. It operates in collaboration with ten leading Black publishers. The foundation's primary mission is to ensure a robust future for local journalism, which is crucial for a thriving democracy. To achieve this, they aim to revolutionize business models for news, thereby securing the longevity of local news outlets.
Official website here: www.localmedia.org
Is Local Media Foundation legitimate?
Local Media Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Local Media Foundation submitted a form 990, 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $464,630
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,482,494
For more financial information, click here
Official website here: www.localmedia.org
What is the mission statement of Local Media Foundation?
The Local Media Foundation's mission is centered around ensuring a robust future for local journalism, which is crucial for a thriving democracy. They aim to accomplish this by innovating business models for news distribution. Their objective is to maintain the vitality of local news, which plays a significant role in fostering an informed citizenry. The foundation is currently involved in a collaborative project with ten leading black publishers, focusing on finding solutions to racial disparities in America, as part of an initiative named Word in Black.
Official website here: www.localmedia.org
Who is the CEO of Local Media Foundation?
Nancy Cawley Lane is the CEO of Local Media Foundation The CEO's salary of Local Media Foundation is $0 and their total compensation is $380,902.
Official website here: www.localmedia.org
What is the revenue of Local Media Foundation?
Local Media Foundation's revenue in 2023 was $6,588,923.
Official website here: www.localmedia.org
Who are the executives of Local Media Foundation and what are their salaries?
There 11 volunteers at Local Media Foundation.
Here are 19 key members and their salaries (Local Media Foundation's CEO's salary is $0 and their total compensation is $380,902):
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- Other: $0
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- Compensation: $0
- Related: $350,525
- Other: $30,377
- Compensation: $0
- Related: $99,211
- Other: $22,633
- Compensation: $0
- Related: $214,677
- Other: $27,677
- Compensation: $0
- Related: $140,627
- Other: $5,567
- Compensation: $0
- Related: $147,649
- Other: $5,931
- Compensation: $0
- Related: $168,072
- Other: $20,471
- Compensation: $0
- Related: $202,805
- Other: $20,717
- Compensation: $0
- Related: $136,577
- Other: $5,487
Official website here: www.localmedia.org
Where can I find the form 990 for Local Media Foundation?
Local Media Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.localmedia.org
Learn more at the official website: www.localmedia.org
Mission Statement of Local Media Foundation
The Local Media Foundation, with a strong belief in the significance of local journalism for a robust democracy, aims to secure a healthy future for this vital sector. To achieve this, the organization focuses on innovating business models for news reporting. This mission is pivotal in ensuring that local journalism continues to thrive, providing the community with essential information and fostering an informed public.
In addition to its primary mission, the Local Media Foundation has also collaborated with ten leading Black publishers through a project called Word in Black. This initiative is geared towards addressing racial inequities in America, seeking viable solutions to these pressing issues. By working closely with these publishers, the Local Media Foundation is able to contribute significantly to the discourse on racial equality, using the power of journalism as a catalyst for change. The organization's commitment to reinventing business models for news and addressing racial inequalities demonstrates its far-reaching impact and dedication to a stronger, more equitable society.
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Impact
October, 2024
Local Media Foundation plays a crucial role in reinforcing the fabric of democracy by safeguarding the future of local journalism. By focusing on reinventing business models for news, it enables media outlets to adapt to today's challenges and evolve in a rapidly changing landscape. This foundation realizes the importance of local journalism in holding institutions accountable, fostering community engagement, and providing essential information to the public.
One of its notable initiatives, Word in Black, exemplifies its commitment to addressing racial inequities in America. This collaboration with ten leading Black publishers aims to amplify voices that have historically been marginalized, creating a platform for diverse perspectives and solutions to systemic issues. Through these efforts, Local Media Foundation not only strengthens local media but also promotes inclusivity and representation in storytelling.
Ultimately, the foundation's impact lies in its dedication to ensuring that vibrant local journalism thrives, empowering communities with the information they need to participate fully in democratic processes.
This information is meant to be a general summary of Local Media Foundation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $67,553
- Program Service Revenue: $3,417,786
- Gross Receipts: $6,588,923
Assets and Liabilities:
- Total Assets: $4,498,915
- Total Liabilities: $2,861,051
- Net Assets: $1,637,864
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
KNIGHT X LMA BLOOMLAB
Revenue
$1,258,875
NEWS IS OUT
Revenue
$517,936
WORD IN BLACK
Revenue
$495,135
OKLAHOMA MEDIA CENTER
Revenue
$358,128
LAB FOR JOURNALISM FUN
Revenue
$215,435
Organization Details
Founding Year
2001
Principal Officer
Ms Nancy Cawley Lane
Website
www.localmedia.orgNTEE Category
Code: P50 - Human services
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