EIN 85-3905902

Capital B News

IRS 501(c) type
501(c)(3)
Num. employees
33
Year formed
2021
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Capital B News combats inequality and builds informed Black communities through accessible, transparent, and exceptional reporting. In its first year of operation, it launched national and Atlanta websites, established editorial newsletters, grew social platform presence, and executed a content strategy for both national and local journalism.
Total revenues
$4,625,256
2023
Total expenses
$4,646,531
2023
Total assets
$7,897,499
2023
Num. employees
33
2023

Program areas at Capital B News

Capital B launched an its second local newsroom in gary, in, and hired a gary editor and community engagement editor to continue expanding the program work in our mission. The atlanta newsroom made a tangible impact in the community with our fairburn & gordon reporting.
Capital B continued to expand our audience reach through audience surveys, increasing our social media reach, and hiring a newsletter editor to lead our newsletter strategy.
Capital B expanded the national team with the hiring of a national editor and politics reporter, and continued to produce unique, impactful coverage.

Who funds Capital B News

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
American Journalism ProjectTo Grow and Diversify Revenue and To Advance Toward A Sustainable Model for Local News.$500,300
The Schmidt Family Foundation (TSFF)Advancing Diversity and Equity in the Environmental Movement$300,000
Skyline FoundationGeneral Support$300,000
...and 27 more grants received totalling $4,022,384

Personnel at Capital B News

NameTitleCompensation
Lauren WilliamsChief Executive Officer and Founder$275,060
Akoto Ofori-AttaChief Audience Officer and Founder$222,361
Gillian WhiteSenior Vice President of Programming and Revenue$212,755
Steve "Rossi" ArasomwanDirector of Finance and Operations
Jahmaiah DonesDevelopment Director
...and 5 more key personnel

Financials for Capital B News

RevenuesFYE 12/2023
Total grants, contributions, etc.$4,576,688
Program services$48,568
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,625,256

Form 990s for Capital B News

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-19990View PDF
2022-122023-09-06990View PDF
2021-122022-11-11990View PDF

Organizations like Capital B News

OrganizationLocationRevenue
Mother JonesSan Francisco, CA$16,230,056
Graywolf PressMinneapolis, MN$3,336,246
The 74 MediaNew York, NY$7,734,015
The Nevada IndependentLas Vegas, NV$3,208,499
Harper's Magazine FoundationNew York, NY$7,799,383
PublicSourcePittsburgh, PA$1,165,775
Montana Free PressHelena, MT$1,305,049
The University of North Carolina PressChapel Hill, NC$7,346,771
Capital and MainLos Angeles, CA$3,162,960
The Nonprofit Quarterly (NPQ)Boston, MA$2,607,552
Data update history
November 7, 2024
Posted financials
Added Form 990 for fiscal year 2023
October 20, 2024
Received grants
Identified 3 new grant, including a grant for $50,000 from Bold Impact
September 22, 2024
Updated personnel
Identified 2 new personnel
July 10, 2024
Received grants
Identified 10 new grant, including a grant for $750,000 from Windward Fund
December 26, 2023
Received grants
Identified 15 new grant, including a grant for $2,000,000 from The Ford Foundation
Nonprofit Types
Arts, culture, and humanities nonprofitsMedia and communications organizationsCharities
Issues
Arts, cultural, and humanitiesAfrican Americans
Characteristics
National levelTax deductible donationsAccepts online donations
General information
Address
209 W 29th St 107
New York, NY 10001
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
capitalbnews.org/ 
Phone
(917) 783-4354
IRS details
EIN
85-3905902
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A33: Printing, Publishing
NAICS code, primary
5111: Newspaper, Periodical, Book, and Directory Publishers
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0284898
FTB Entity ID
5208160
AB 488 data last updated ("as-of") date
2025-03-05
Free account sign-up

Want updates when Capital B News has new information, or want to find more organizations like Capital B News?

Create free Cause IQ account