Overview
What is Local Independent Online News Publishers Inc?
Local Independent Online News Publishers Inc, headquartered in Wilmington, Delaware, is a nonprofit organization that focuses on supporting independent news entrepreneurs in establishing sustainable businesses. They offer various programs such as the LION-GNI Sustainability Audits, GNI Startups Labs, and the Revenue Growth Fellowship. These initiatives provide coaching, funding, and resources to help news businesses improve their operational, financial, and journalistic aspects. The aim is to empower these independent news ventures to grow and thrive in the industry. With a team of 13 dedicated individuals, LION serves as a community and resource hub for these entrepreneurs, fostering their growth and development.
Official website here: www.lionpublishers.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Local Independent Online News Publishers Inc has received a commendable Four-Star rating from Charity Navigator, indicating a robust performance in accountability and finance. The organization has achieved a perfect score in several key areas, including an independent board, financial transparency, and effective oversight practices. This high rating reflects the nonprofit's commitment to upholding strong governance and ethical financial practices.
The organization demonstrates a strong dedication to maintaining an independent board, with 100% of its members being independent, and an overall board size that supports effective governance. Its financial statements are rigorously managed, evidenced by its comprehensive audit and oversight committee. Additionally, the lack of any material diversion of assets showcases a high level of integrity in financial management.
Despite its strengths, the summary does not highlight any specific limitations or areas for improvement. Overall, Local Independent Online News Publishers Inc exemplifies a well-structured nonprofit that prioritizes accountability and responsible management, making it a reliable choice for donors and stakeholders interested in supporting independent journalism.
This AI summary has been generated from information found on Charity Navigator.
Is Local Independent Online News Publishers Inc legitimate?
Local Independent Online News Publishers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Local Independent Online News Publishers Inc 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: $203,181
Professional Fundraising Fees: $30,600
Other Salaries and Wages: $863,212
For more financial information, click here
Official website here: www.lionpublishers.com/
What is the mission statement of Local Independent Online News Publishers Inc?
Local Independent Online News Publishers Inc's mission is centered around supporting independent news entrepreneurs in establishing and growing sustainable businesses. They achieve this by providing educational resources, conducting audits to identify opportunities for improvement, offering coaching and funding programs, and subsidizing the hiring of revenue-focused staff members. Their goal is to empower these entrepreneurs, helping them navigate operational, financial, and journalistic challenges, ultimately strengthening the independent news industry.
Official website here: www.lionpublishers.com/
Who is the CEO of Local Independent Online News Publishers Inc?
Chris Krewson is the Executive Director of Local Independent Online News Publishers Inc.
Official website here: www.lionpublishers.com/
What is the revenue of Local Independent Online News Publishers Inc?
Local Independent Online News Publishers Inc's revenue in 2022 was $3,946,331.
Official website here: www.lionpublishers.com/
Who are the executives of Local Independent Online News Publishers Inc and what are their salaries?
The average compensation at Local Independent Online News Publishers Inc during 2022 was $82,030. There are 13 employees and 14 volunteers at Local Independent Online News Publishers Inc.
Here are 17 key members and their salaries:
- Compensation: $170,646
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- Other: $27,048
- Compensation: $123,728
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- Other: $23,574
- Compensation: $128,109
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- Other: $15,747
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Official website here: www.lionpublishers.com/
Where can I find the form 990 for Local Independent Online News Publishers Inc?
Local Independent Online News Publishers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lionpublishers.com/
Learn more at the official website: www.lionpublishers.com/
Mission Statement of Local Independent Online News Publishers Inc
Local Independent Online News Publishers Inc, often referred to as LION, is dedicated to supporting independent news entrepreneurs in building and sustaining their businesses. Their mission involves providing teaching, resources, and a community to these entrepreneurs, aiding them in their journey towards financial stability and journalistic excellence. LION achieves this through various programs, such as the LION-GNI Sustainability Audits and Funding. This initiative selects a group of LION members to share their operational, financial, and journalistic data, which is then assessed by industry experts to deliver custom reports. These reports highlight opportunities and recommendations to help these news businesses progress towards sustainability.
Furthermore, LION offers the GNI Startups Labs, a 2022 program that provided coaching, training, and funding to 48 LION members, supporting their growth in one of three areas: managing money and risk, building and managing a team, and planning for revenue growth. Additionally, the LION-Meta Revenue Growth Fellowship subsidized the cost of hiring a revenue-focused staff member in 12 newsrooms. This two-year program, which will conclude in 2023, will contribute valuable insights for other LION members. By offering these resources and opportunities, Local Independent Online News Publishers Inc plays a crucial role in fostering the growth and success of independent online news publishers.
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Impact
July, 2024
Local Independent Online News Publishers Inc's impact lies in providing essential teaching, resources, and community support to independent news entrepreneurs as they strive to build and grow sustainable businesses. Through programs such as the LION-GNI sustainability audits and funding, GNI Startups Labs, and the LION-Meta Revenue Growth Fellowship, this organization plays a pivotal role in helping news businesses assess their operations, finances, and journalism practices, while offering guidance and recommendations for growth and sustainability. By nurturing and empowering news entrepreneurs, Local Independent Online News Publishers Inc contributes to the overall strength and diversity of the independent news landscape, making a lasting impact on the industry.
This information is meant to be a general summary of Local Independent Online News Publishers 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $16,703
- Program Service Revenue: $2,328,948
- Gross Receipts: $3,946,331
Assets and Liabilities:
- Total Assets: $3,009,532
- Total Liabilities: $414,563
- Net Assets: $2,594,969
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTS
Revenue
$2,064,960
CONFERENCE
Revenue
$195,565
MEMBERSHIP DUES
Revenue
$68,423
Organization Details
Founding Year
2012
Phone
(267) 670-0357Principal Officer
Chris Krewson
Main Address
4023 KENNETT PIKE SUITE 50019, WILMINGTON, DE, 19807
Website
www.lionpublishers.com/NTEE Category
Code: A03 - Arts
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