Overview
What is Colorado News Collaborative?
Colorado News Collaborative is a nonprofit organization situated in Denver, Colorado. Their mission revolves around making high-quality, fact-based local news accessible to every Coloradan. They achieve this through collaborative journalism, community engagement, and innovative business models. This collaborative effort helps strengthen local news outlets across Colorado, fostering trust between communities and these news sources. As a local media resource hub and ideas lab, they also support civic engagement and ensure public accountability. With a team of six dedicated individuals, Colorado News Collaborative strives to enhance the quality and impact of local news for all Coloradans.
Official website here: www.colabnews.co
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
The Colorado News Collaborative has received a Two-Star rating, indicating moderate performance in terms of accountability and finance. The score is entirely based on a single beacon score, which highlights the organization's commitment to financial responsibility, notably maintaining a strong program expense ratio of 85.42%, suggesting a focus on their charitable mission.
Strengths of the organization include a fully independent board, a clean record with no material diversion of assets, and the presence of essential governance policies such as a conflict of interest policy. However, there is a notable gap in their governance framework with the absence of a whistleblower policy, which could be a concern for transparency and accountability.
Overall, while the Colorado News Collaborative demonstrates solid financial management, the lack of certain governance practices may warrant further attention to enhance their accountability profile. The organization can build on its strengths and address these limitations to improve future ratings.
This AI summary has been generated from information found on Charity Navigator.
Is Colorado News Collaborative legitimate?
Colorado News Collaborative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado News Collaborative 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: $139,923
Professional Fundraising Fees: $25,300
Other Salaries and Wages: $376,871
For more financial information, click here
Official website here: www.colabnews.co
What is the mission statement of Colorado News Collaborative?
The Colorado News Collaborative serves as a local media resource hub and ideas lab, aiming to strengthen high-quality local journalism, foster civic engagement, and ensure public accountability. Their mission is to make access to strong, fair, and accurate local news a reality for all Coloradans, through collaborative journalism, authentic community engagement, and innovative business models. By doing so, they help news outlets across the state produce fact-based news that makes a difference, contributing to better community trust and higher quality news that serves Coloradans as a whole.
Official website here: www.colabnews.co
Who is the CEO of Colorado News Collaborative?
Laura Frank is the Executive Di of Colorado News Collaborative.
Official website here: www.colabnews.co
What is the revenue of Colorado News Collaborative?
Colorado News Collaborative's revenue in 2022 was $646,211.
Official website here: www.colabnews.co
Who are the executives of Colorado News Collaborative and what are their salaries?
The average compensation at Colorado News Collaborative during 2022 was $86,132. There are 6 employees at Colorado News Collaborative.
Here are 10 key members and their salaries:
- Compensation: $128,888
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- Other: $11,033
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Official website here: www.colabnews.co
Where can I find the form 990 for Colorado News Collaborative?
Colorado News Collaborative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.colabnews.co
Learn more at the official website: www.colabnews.co
Mission Statement of Colorado News Collaborative
The Colorado News Collaborative, a nonprofit organization, serves as a local media resource hub and an ideas lab, aiming to benefit all Coloradans. Its mission is threefold: to strengthen high-quality local journalism, foster civic engagement, and ensure public accountability. By doing so, the collaborative aims to provide every Coloradan with access to fair, accurate, and informative news that holds power to account and illuminates the life of local communities. The Colorado News Collaborative assists various news outlets across the state in creating fact-based news that makes a difference, thereby helping communities build trust with these news outlets, resulting in higher quality news that serves all Coloradans.
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Impact
July, 2024
The Colorado News Collaborative has had a significant impact on the state by serving as a local media resource hub and ideas lab. They work towards strengthening high-quality local journalism, supporting civic engagement, and ensuring public accountability. By fostering collaborative journalism, engaging with communities, and promoting innovative business models, they help news outlets across Colorado produce more fact-based news that makes a difference. This contributes to better quality news that serves all Coloradans, ultimately working towards their mission of ensuring that every Coloradan has access to strong local news that informs, educates, and holds power to account.
This information is meant to be a general summary of Colorado News Collaborative. 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.
- Program Service Revenue: $126,000
- Gross Receipts: $646,211
Assets and Liabilities:
- Total Assets: $306,651
- Total Liabilities: $2,757
- Net Assets: $303,894
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$125,000
HONORARIUM
Revenue
$1,000
Organization Details
Founding Year
2013
Phone
(303) 656-9973Principal Officer
Laura Frank
Main Address
PO BOX 40866, DENVER, CO, 80204
Website
www.colabnews.coNTEE Category
Code: P20 - Human services
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