Capital B News Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 853905902 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Capital B News Inc?

Capital B News Inc is a pioneering nonprofit news organization situated in New York City, New York. Established with a mission to combat inequality and foster more informed Black communities, Capital B has made significant strides in its first year of operations. Through exceptional, transparent, and accessible journalism, the organization has launched national and local websites, expanded its editorial newsletter, and boosted its social media presence. Capital B's content strategy involves publishing weekly articles and engaging in original reporting. The organization has grown its team and strengthened its community engagement practices, hosting virtual events for audiences nationwide. With a staff of 30 dedicated individuals, Capital B News Inc is dedicated to serving and empowering Black communities across the country.


Official website here: www.capitalbnews.org

Is Capital B News Inc legitimate?

Capital B News Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capital B 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: $529,190
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,842,984

For more financial information, click here


Official website here: www.capitalbnews.org

What is the mission statement of Capital B News Inc?

Capital B News Inc is a unique, nonprofit news organization dedicated to serving Black communities nationwide. Their mission is to combat inequality and foster more informed Black communities through accessible, transparent, and exceptional journalism. In their first year of operation, they launched a national website and an Atlanta site, expanded their editorial newsletter and social media presence, executed a content strategy for their national and local journalism, and grew their staff. They also engaged with their community through focus groups, convenings, and virtual live journalism events, reaching audiences across the country.


Official website here: www.capitalbnews.org

Who is the CEO of Capital B News Inc?

Lauren Williams is the President & Ceo of Capital B News Inc. The CEO's salary of Capital B News Inc is $275,060 and their total compensation is $276,099.


Official website here: www.capitalbnews.org

What is the revenue of Capital B News Inc?

Capital B News Inc's revenue in 2022 was $6,572,381.


Official website here: www.capitalbnews.org

Who are the executives of Capital B News Inc and what are their salaries?

The average compensation at Capital B News Inc during 2022 was $79,072. There are 30 employees at Capital B News Inc.


Here are 11 key members and their salaries (Capital B News Inc's CEO's salary is $275,060 and their total compensation is $276,099):


Lauren Williams (President & Ceo)
  • Compensation: $275,060
  • Related: $0
  • Other: $1,039
Maurisse Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Akoto Ofori-Atta (Treasurer/Secretary/Cao)
  • Compensation: $229,637
  • Related: $0
  • Other: $29,076
Sarabeth Berman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marsha Cooke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Thompson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gavin Godfrey (Atlanta Editor)
  • Compensation: $115,003
  • Related: $0
  • Other: $15,718
Simone Sebastian (Editorial Director)
  • Compensation: $186,363
  • Related: $0
  • Other: $14,692
Kimberly Spencer (Senior Development Director)
  • Compensation: $125,648
  • Related: $0
  • Other: $18,170
Gillian White (Senior Vice President)
  • Compensation: $216,865
  • Related: $0
  • Other: $36,174
Michelle Williams (Growth & Partnerships Director)
  • Compensation: $115,478
  • Related: $0
  • Other: $7,044


Official website here: www.capitalbnews.org

Where can I find the form 990 for Capital B News Inc?

Capital B News Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.capitalbnews.org

Learn more at the official website: www.capitalbnews.org

Mission Statement of Capital B News Inc

Capital B News Inc, a pioneering nonprofit organization, is committed to combating inequality and fostering more informed Black communities across the nation through its exceptional, accessible, and transparent journalism. Its mission is to report news for Black communities, aiming to bridge the gap in information and empower these communities to make informed decisions. Capital B News Inc strives to achieve this goal by executing a strategic content approach, publishing weekly articles, engaging in original reporting, and expanding its editorial newsletter and social media presence. The organization also invests in its staff to populate its newsrooms and engage with the community through focus groups, convenings, and virtual journalism events. By doing so, Capital B News Inc aims to provide a platform for underrepresented voices, promote equality, and build more informed and empowered Black communities.

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Impact




July, 2024

Capital B News Inc's impact lies in its pioneering approach to journalism specifically focused on Black communities across the country. By providing accessible, transparent, and exceptional reporting, Capital B is actively combating inequality and striving to build more informed Black communities through its work. The organization has launched national and local websites, grown its editorial newsletter, and engaged in original reporting to shed light on important issues. Additionally, by expanding its staff, community engagement practices, and virtual live journalism events, Capital B is making a significant contribution to elevating the voices and stories within the Black community.




This information is meant to be a general summary of Capital B 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.

Revenue
$6,572,381 (2022)
Expenses
$3,520,800 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $6,572,381

Assets and Liabilities:

  • Total Assets: $8,164,642
  • Total Liabilities: $64,472
  • Net Assets: $8,100,170

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Organization Details

Founding Year

2021

Principal Officer

Lauren Williams

Main Address

209 WEST 29TH STREET 107, NEW YORK, NY, 10001

NTEE Category

Code: A33 - Arts

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