Overview
What is Local Media Association?
The Local Media Association, situated in Lake City, Michigan, is a dedicated nonprofit organization with a focus on empowering local media companies. Through their Reader Revenue Accelerators program, they equip these organizations with the skills to innovate in digital subscriptions, memberships, or donations. Successful participants receive grants to experiment with new ideas, technologies, or marketing strategies, subsequently sharing their findings with the industry. The Local Media Association's primary mission is to support the growth of sustainable business models within the media sector, as the future of local journalism relies heavily on this transformation. With a team of 27 employees, the organization's work is instrumental in shaping the future of local media.
Official website here: www.localmedia.org
Is Local Media Association legitimate?
Local Media Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Local Media Association 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: $355,787
Professional Fundraising Fees: $0
Other Salaries and Wages: $534,531
For more financial information, click here
Official website here: www.localmedia.org
What is the mission statement of Local Media Association?
The Local Media Association is dedicated to assisting media companies in identifying and implementing sustainable business models. Their primary focus is on ensuring the future of local journalism. Through their Reader Revenue Accelerators program, they educate local media organizations on developing strategies for digital subscriptions, memberships, or donations. Upon completing the program, these organizations are granted funds to experiment with new ideas, technologies, or marketing strategies derived from their program experiences. They are expected to share their learnings, and case studies from these experiments are shared within the industry. The Accelerators program is backed by the Meta Journalism Project.
Official website here: www.localmedia.org
Who is the CEO of Local Media Association?
Nancy Cawley Lane is the Director of Local Media Association. The CEO's salary of Local Media Association is $391,648 and their total compensation is $419,770.
Official website here: www.localmedia.org
What is the revenue of Local Media Association?
Local Media Association's revenue in 2022 was $4,247,970.
Official website here: www.localmedia.org
Who are the executives of Local Media Association and what are their salaries?
The average compensation at Local Media Association during 2022 was $32,975. There are 27 employees and 21 volunteers at Local Media Association.
Here are 28 key members and their salaries (Local Media Association's CEO's salary is $391,648 and their total compensation is $419,770):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $391,648
- Related: $0
- Other: $28,122
- Compensation: $211,887
- Related: $0
- Other: $20,727
- Compensation: $220,847
- Related: $0
- Other: $26,355
- Compensation: $189,131
- Related: $0
- Other: $7,631
- Compensation: $150,924
- Related: $0
- Other: $17,611
- Compensation: $104,561
- Related: $0
- Other: $20,518
- Compensation: $129,697
- Related: $0
- Other: $20,330
Official website here: www.localmedia.org
Where can I find the form 990 for Local Media Association?
Local Media Association's most recent form 990 was submitted in 2022 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 Association
The Local Media Association, a nonprofit organization, is deeply committed to aiding local media companies in discovering sustainable business models. Recognizing the critical role of local journalism in our society, the association is intensely focused on helping these organizations navigate the digital landscape and adapt to changing consumer habits. By providing guidance on strategies for digital subscriptions, memberships, or donations, the Local Media Association empowers these organizations to explore new revenue streams. Upon successful completion of the association's Accelerators program, these media companies are awarded grants to experiment with innovative ideas, technologies, or marketing strategies, based on their learning experiences in the lab. The association requires these companies to share their findings and case studies, contributing to a collective body of knowledge within the journalism industry. The Accelerators program is generously funded by the Meta Journalism Project.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Local Media Association significantly impacts the landscape of local journalism by helping media companies discover new and sustainable business models. Through initiatives like the Reader Revenue Accelerators, local media organizations are equipped with the strategies necessary to develop effective approaches to digital subscriptions, memberships, and donations.
Participants in the program learn how to innovate and adapt their business practices, and upon successful completion, they receive grants to experiment with new ideas, technology, or marketing strategies. This hands-on learning environment not only enhances their operational capabilities but also promotes knowledge sharing across the industry, as participants are required to report back on their insights. Case studies from these experiences are disseminated to inform and inspire other organizations.
With a mission centered on preserving the future of local journalism, the Local Media Association plays a vital role in driving community improvement and ensuring that local media remains relevant and financially viable in a rapidly changing landscape.
This information is meant to be a general summary of Local Media Association. 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: $43,579
- Program Service Revenue: $3,928,769
- Gross Receipts: $4,247,970
Assets and Liabilities:
- Total Assets: $3,525,556
- Total Liabilities: $1,532,814
- Net Assets: $1,992,742
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACEBOOK READER REVENU
Revenue
$2,846,668
TECHNOLOGY RESOURCE CE
Revenue
$211,564
DIGITAL SUMMIT
Revenue
$177,984
WORD IN BLACK
Revenue
$146,455
META VIDEO ACCELERATOR
Revenue
$145,000
Organization Details
Founding Year
1971
Phone
(231) 839-8651Principal Officer
Nancy Cawley Lane
Main Address
PO BOX 450, LAKE CITY, MI, 49651
Website
www.localmedia.orgNTEE Category
Code: S41 - Community improvement
If you are a representative of Local Media Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.