Overview
What is Montclair Local Nonprofit News Inc?
Montclair Local Nonprofit News Inc, located in Montclair, New Jersey, serves as a dedicated news publication source for its local community. With a mission to strengthen Montclair, the organization focuses on delivering in-depth, reliable reporting on local issues and events, engaging its residents in civic activities, and fostering a sense of community. This is achieved through a team of professional journalists who conduct thorough research and provide timely news and event information to the public. The organization's primary funding comes from the sales of subscriptions, contributions, and advertising space in its publications. With a staff of 17 individuals, Montclair Local Nonprofit News Inc is committed to informing and connecting its community.
Official website here: www.montclairlocal.news
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61% (Two-Star out of Four Star rating)
Montclair Local Nonprofit News Inc has received a 61% score from Charity Navigator, indicating a Two-Star rating. The overall score is primarily based on accountability and financial management, highlighting both strengths and weaknesses in its operational practices. Notably, the organization boasts a fully independent board, scoring full points in that area, which is a significant positive aspect of its governance.
The nonprofit shows decent financial health with a low liabilities-to-assets ratio of 0.53%, reflecting strong asset management. However, it struggles in transparency, particularly evidenced by the absence of essential financial statements and missing policies related to whistleblower protections and document retention. These gaps contributed to a lower score in the accountability category, impacting its overall rating.
Despite these challenges, the organization has made efforts to maintain documentation such as board meeting minutes and conflict of interest policies, which are positive indicators of governance. Going forward, improving financial transparency and addressing missing policies could enhance Montclair Local Nonprofit News Inc's standing and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Montclair Local Nonprofit News Inc legitimate?
Montclair Local Nonprofit News Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montclair Local Nonprofit News 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: $46,080
Professional Fundraising Fees: $0
Other Salaries and Wages: $449,932
For more financial information, click here
Official website here: www.montclairlocal.news
What is the mission statement of Montclair Local Nonprofit News Inc?
Montclair Local Nonprofit News Inc's mission is centered around strengthening its community through in-depth, factual reporting on local issues and events. By providing an independent news source, the organization aims to objectively inform the public, foster civic engagement, and promote community building within its coverage area. This is accomplished through the work of professional journalists who research and disseminate news and local event information to the public. Funding for this endeavor comes from the sale of subscriptions, contributions, and advertising space in the organization's publications.
Official website here: www.montclairlocal.news
Who is the CEO of Montclair Local Nonprofit News Inc?
Jason White is the President of Montclair Local Nonprofit News Inc. The CEO's salary of Montclair Local Nonprofit News Inc is $46,080 and their total compensation is $46,080.
Official website here: www.montclairlocal.news
What is the revenue of Montclair Local Nonprofit News Inc?
Montclair Local Nonprofit News Inc's revenue in 2022 was $774,721.
Official website here: www.montclairlocal.news
Who are the executives of Montclair Local Nonprofit News Inc and what are their salaries?
The average compensation at Montclair Local Nonprofit News Inc during 2022 was $29,177. There are 17 employees and 20 volunteers at Montclair Local Nonprofit News Inc.
Here are 11 key members and their salaries (Montclair Local Nonprofit News Inc's CEO's salary is $46,080 and their total compensation is $46,080):
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- Compensation: $46,080
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Official website here: www.montclairlocal.news
Where can I find the form 990 for Montclair Local Nonprofit News Inc?
Montclair Local Nonprofit News Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.montclairlocal.news
Learn more at the official website: www.montclairlocal.news
Mission Statement of Montclair Local Nonprofit News Inc
Montclair Local Nonprofit News Inc, a dedicated organization, is committed to enhancing its hometown by delivering in-depth, factual, and objective reporting on the matters that significantly impact the residents of Montclair. Their primary mission is to serve as an independent local news source within Montclair, New Jersey. This is accomplished through the employment of professional journalists who conduct thorough research and share news, local event information, and updates with the public. By doing so, Montclair Local Nonprofit News Inc contributes to the informed public, fosters civic engagement, and helps foster a sense of community within its circulation area. Funding for this vital work is sourced through the sale of subscriptions, contributions, and the sale of advertising space in their publications.
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Impact
July, 2024
Montclair Local Nonprofit News Inc plays a crucial role in strengthening its community through independent, in-depth, and factual reporting on the issues and events that impact Montclair residents. By covering the individuals who contribute to Montclair's engaged and vibrant community, this organization helps residents stay informed, promotes civic engagement, and fosters a sense of unity within its circulation area. Through the dedication of professional journalists and funding from subscriptions, contributions, and advertising sales, Montclair Local Nonprofit News Inc serves as a reliable and essential local news source for the community.
This information is meant to be a general summary of Montclair Local Nonprofit 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $391,686
- Gross Receipts: $774,721
Assets and Liabilities:
- Total Assets: $276,441
- Total Liabilities: $1,474
- Net Assets: $274,967
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSCRIPTIONS
Revenue
$200,886
ADVERTISING REVENUES
Revenue
$189,611
OTHER REVENUES
Revenue
$1,189
Organization Details
Founding Year
2019
Phone
(917) 923-0403Principal Officer
Jason White
Main Address
PO BOX 752, MONTCLAIR, NJ, 07042
Website
www.montclairlocal.newsNTEE Category
Code: A33 - Arts
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