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Employer Identification Number 85-3905902

CAPITAL B NEWS INC is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:CAPITAL B NEWS INC
Employer identification number (EIN):85-3905902
EIN Issuing AuthorityPhiladelphia, PA
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementCapital 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.
Number of Employees11
Number of Volunteers4
Year Formed2021

Organization Governance

Legal DomicileNY
Voting Members - Governing Body6
Voting Members - Independent4

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 0
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 6,572,381
Net assets / fund balances at end of fiscal yearUSD $ 8,100,170
Net assets / fund balances at beginning of fiscal yearUSD $ 5,048,589
Total liabilities at end of fiscal yearUSD $ 64,472
Total liabilities at beginning of fiscal yearUSD $ 58,119
Total assets at end of fiscal yearUSD $ 8,164,642
Total assets at beginning of fiscal yearUSD $ 5,106,708
Revenues less expenses for current yearUSD $ 3,051,581
Revenues less expenses for previous yearUSD $ 5,028,187
Total expenses for current yearUSD $ 3,520,800
Total expenses for previous yearUSD $ 1,044,820
Other expenses in current yearUSD $ 822,621
Other expenses in previous yearUSD $ 510,555
Total fundraising expenses in current yearUSD $ 541,551
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,698,179
Employee salary and benefits paid in previous yearUSD $ 534,265
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 6,572,381
Total revenue in previous fiscal yearUSD $ 6,073,007
Contributions and grants from current yearUSD $ 6,572,381
Contributions and grants from previous yearUSD $ 6,073,007
2021-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from current yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 6,073,007
Net assets / fund balances at end of fiscal yearUSD $ 5,048,589
Net assets / fund balances at beginning of fiscal yearUSD $ 20,402
Total liabilities at end of fiscal yearUSD $ 58,119
Total liabilities at beginning of fiscal yearUSD $ 5,813
Total assets at end of fiscal yearUSD $ 5,106,708
Total assets at beginning of fiscal yearUSD $ 26,215
Revenues less expenses for current yearUSD $ 5,028,187
Total expenses for current yearUSD $ 1,044,820
Other expenses in current yearUSD $ 510,555
Total fundraising expenses in current yearUSD $ 134,062
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 534,265
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 6,073,007
Contributions and grants from current yearUSD $ 6,073,007
Total of other revenueUSD $ 0

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 853905902

USA Mailing Address
10 Coles Street Apt 1 Fl 1
Brooklyn
NY
11231
Date first seen: 2007-01-01
Date last seen: 2023-12-31
USA Mailing Address
209 West 29th Street 107
New York
NY
10001
Date first seen: 2007-01-01
Date last seen: 2023-12-31

EIN Events

Event Date Event description
2020-12-31Form 990-N declaration of Gross Receipts Under $25,000 in tax year 2020

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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