2023-09-06T15:13:53-05:00 2022-12-31 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS-16TH FL NEW YORK NY 10018 990 2022-01-01 853905902 CAPITAL B NEWS INC CAPI 9177834354 209 WEST 29TH STREET 107 NEW YORK NY 10001 LAUREN WILLIAMS PRESIDENT & CEO 9177834354 2023-09-06 1 LAUREN WILLIAMS 999009999 0 MIKE SCHALL P02024184 2126618640 2023-09-06 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z LAUREN WILLIAMS 209 WEST 29TH STREET 107 NEW YORK NY 10001 6572381 0 X CAPITALBNEWS.ORG X 2021 NY CAPITAL B IS A FIRST-OF-ITS-KIND LOCAL AND NATIONAL NONPROFIT NEWS ORGANIZATION REPORTING FOR BLACK COMMUNITIES ACROSS THE COUNTRY. OUR MISSION IS TO COMBAT INEQUALITY AND BUILD MORE INFORMED BLACK COMMUNITIES THROUGH ACCESSIBLE, TRANSPARENT AND EXCEPTIONAL JOURNALISM. 6 4 30 0 0 0 6073007 6572381 0 0 0 0 0 0 6073007 6572381 0 0 0 0 534265 2698179 0 0 541551 510555 822621 1044820 3520800 5028187 3051581 5106708 8164642 58119 64472 5048589 8100170 X CAPITAL B IS A FIRST-OF-ITS-KIND LOCAL AND NATIONAL NONPROFIT NEWS ORGANIZATION REPORTING FOR BLACK COMMUNITIES ACROSS THE COUNTRY. OUR MISSION IS TO COMBAT INEQUALITY AND BUILD MORE INFORMED BLACK COMMUNITIES THROUGH ACCESSIBLE, TRANSPARENT AND EXCEPTIONAL JOURNALISM. 0 0 1970728 CAPITAL B LAUNCHED A NATIONAL WEBSITE AND AN ATLANTA WEBSITE, ESTABLISHED AND GREW OUR EDITORIAL NEWSLETTER AND SOCIAL PLATFORM PRESENCE IN OUR FIRST YEAR OF LIVE OPERATIONS, AND EXECUTED A CONTENT STRATEGY FOR CAPITAL B'S NATIONAL AND LOCAL JOURNALISM, INCLUDING PUBLISHING WEEKLY ARTICLES AND ENGAGING IN ORIGINAL REPORTING. ADDITIONALLY, CAPITAL B GREW STAFF TO POPULATE OUR NEWSROOMS, WHILE EXPANDING OUR COMMUNITY ENGAGEMENT PRACTICE WITH FOCUS GROUPS AND CONVENINGS, AND EXECUTING MULTI-DAY AND SINGLE SESSION VIRTUAL LIVE JOURNALISM EVENTS FOR AUDIENCE MEMBERS ACROSS THE COUNTRY. 1970728 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 39 0 30 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY CA CO FL VA DC GA MD NV X X X THE ORGANIZATION 9177834354 209 WEST 29TH STREET NEW YORK NY 10001 LAUREN WILLIAMS PRESIDENT & CEO 60.00 X X 275060 0 1039 MAURISSE JOHNSON DIRECTOR 1.00 X 0 0 0 AKOTO OFORI-ATTA TREASURER/SECRETARY/CAO 60.00 X X 229637 0 29076 SARABETH BERMAN DIRECTOR 1.00 X 0 0 0 MARSHA COOKE DIRECTOR 1.00 X 0 0 0 MATT THOMPSON DIRECTOR 1.00 X 0 0 0 GAVIN GODFREY ATLANTA EDITOR 40.00 X 115003 0 15718 SIMONE SEBASTIAN EDITORIAL DIRECTOR 40.00 X 186363 0 14692 KIMBERLY SPENCER SENIOR DEVELOPMENT DIRECTOR 40.00 X 125648 0 18170 GILLIAN WHITE SENIOR VICE PRESIDENT 40.00 X 216865 0 36174 MICHELLE WILLIAMS GROWTH & PARTNERSHIPS DIRECTOR 40.00 X 115478 0 7044 1264054 0 121913 7 0 1 0 SUNSHINE SACHS MORGAN & LYLIS 136 MADISON AVENUE 17TH FL NEW YORK NY 10016 CONSULTING 126000 1 6572381 6572381 6572381 0 0 0 529190 182077 209583 137530 1842984 1276285 311038 255661 155035 100043 23789 31203 170970 106402 35592 28976 40872 40872 57719 57719 413407 167815 189546 56046 67093 67093 91916 57203 19135 15578 15227 9476 3170 2581 21399 20107 1292 64838 40351 13498 10989 17625 10969 3669 2987 DUES & SUBSCRIPTIONS 21866 21866 BANK CHARGES 9975 9975 OTHER EXPENSES 684 684 3520800 1970728 1008521 541551 2325209 5765619 2781161 2390462 338 8561 5106708 8164642 46018 55605 12101 8867 58119 64472 X 1102222 2194668 3946367 5905502 5048589 8100170 5106708 8164642 3051581 0 X 0 1 X 0 0 X 6073007 6572381 12645388 6073007 6572381 12645388 535460 12109928 12645388 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 6572381 0 6572381 0 6572381 3520800 0 3520800 0 3520800 PART X, LINE 2: THE ORGANIZATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING DECEMBER 31, 2021 (INITIAL FILING PERIOD) AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. 0 0 0 0 0 0 0 0 0 LAUREN WILLIAMS PRESIDENT & CEO 275060 0 0 0 0 0 0 0 1039 0 276099 0 0 0 AKOTO OFORI-ATTA TREASURER/SECRETARY/CAO 229637 0 0 0 0 0 0 0 29076 0 258713 0 0 0 GILLIAN WHITE SENIOR VICE PRESIDENT 206865 0 10000 0 0 0 0 0 36174 0 253039 0 0 0 SIMONE SEBASTIAN EDITORIAL DIRECTOR 186363 0 0 0 0 0 0 0 14692 0 201055 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - MANAGEMENT REVIEWED A DRAFT OF THE FORM 990 AND PROVIDED EDITS TO THE TAX PREPARER. AFTER THIS PROCESS WAS PERFORMED, THE FORM 990 WAS SENT TO THE FULL BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A BOARD APPROVED CONFLICTS OF INTEREST POLICY. EACH BOARD MEMBER MUST FILL OUT AN ANNUAL DECLARATION STATING THEY HAD NO CONFLICTS OR IDENTIFYING THE NATURE OF THEIR INTERESTED PARTY TRANSACTIONS. BOARD MEMBERS SELF-REPORT, AND BOARD DISCUSSES IF BOARD MEMBERS BECOME AWARE OF ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION HAS A EXECUTIVE COMPENSATION POLICY WHERE BY THE BOARD APPROVES THE COMPENSATION OF THE CEO. IN ACCORDANCE WITH THE POLICY, THE BOARD REVIEWS COMPARABLE SALARIES AND REVIEWS THE PERFORMANCE OF THE CEO TO DETERMINE IF THE EXISTING SALARY FALLS WITHIN THESE RANGES. AFTER A DELIBERATION OF THIS MATTER, A NEW PROPOSED SALARY AND BENEFIT PACKAGE IS VOTED ON. THE MINUTES OF THE BOARD OF DIRECTORS REFLECT THE NATURE OF THIS PROCESS. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 NO OTHER DOCUMENT AVAILABLE TO THE PUBLIC