DEEP SOUTH TODAY

EIN: 472158741 501(c)(3) Arts, Culture & Humanities

RIDGELAND, MS

Total Revenue
$6,122,140
Total Expenses
$5,150,155
Total Assets
$7,698,323
Net Assets
$7,305,070
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MS
Principal Officer
WARWICK SABIN
Phone
6015334860
Tax Period
2023-01-01 to 2023-12-31

DEEP SOUTH TODAY, founded in 2014, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.1M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $972K, a strong 16% operating margin.

Mission

DEEP SOUTH TODAY IS A NONPROFIT NETWORK OF LOCAL NEWSROOMS COMPRISING MISSISSIPPI TODAY AND VERITE NEWS. WITH ITS REGIONAL SCALE AND SCOPE, DEEP SOUTH TODAY IS PROVIDING CRITICAL JOURNALISM IN UNDERSERVED AREAS AND ENSURING ITS LONG-TERM GROWTH AND SUSTAINABILITY.

Program Service Accomplishments

Program 1
Expenses: $2,063,483 Revenue: $19,417

MISSISSIPPI TODAY WAS AWARDED THE 2023 PULITZER PRIZE FOR LOCAL REPORTING. IT IS THE STATE'S FLAGSHIP NONPROFIT, NONPARTISAN NEWSROOM, OFFERING IN-DEPTH INVESTIGATIVE AND ENTERPRISE REPORTING FROM...

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MISSISSIPPI TODAY WAS AWARDED THE 2023 PULITZER PRIZE FOR LOCAL REPORTING. IT IS THE STATE'S FLAGSHIP NONPROFIT, NONPARTISAN NEWSROOM, OFFERING IN-DEPTH INVESTIGATIVE AND ENTERPRISE REPORTING FROM ALL CORNERS OF THE STATE. THERE IS NO COST TO READ ITS REPORTING, LISTEN TO ITS PODCASTS, OR ACCESS ITS DATA SETS. THE JOURNALISM PRODUCED BY MISSISSIPPI TODAY INCREASES ACCOUNTABILITY AMONG ELECTED OFFICIALS, GOVERNMENT AGENCIES AND COMMUNITY LEADERS. ITS REPORTING IN THE AREAS OF COMMUNITY HEALTH, POLITICS, EDUCATION, CRIMINAL JUSTICE, WORKFORCE, AND POVERTY HAS BEEN ESPECIALLY IMPACTFUL, PROVIDING INSIGHT AND EXPLANATION OF SYSTEMIC ISSUES AND CORRUPTION THAT HAVE LONG GONE UNREPORTED.

Program 2
Expenses: $1,428,016

VERITE NEWS PRODUCES IN-DEPTH JOURNALISM THAT SERVES THE REGION IN AND AROUND NEW ORLEANS, WHILE ALSO EDUCATING, DEVELOPING, AND MENTORING A NEW GENERATION OF MINORITY JOURNALISTS. SERVING AS THE...

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VERITE NEWS PRODUCES IN-DEPTH JOURNALISM THAT SERVES THE REGION IN AND AROUND NEW ORLEANS, WHILE ALSO EDUCATING, DEVELOPING, AND MENTORING A NEW GENERATION OF MINORITY JOURNALISTS. SERVING AS THE VOICE OF THE DISENFRANCHISED, VERITE NEWS AT NO COST PROVIDES ITS READERS WITH THE INFORMATION THEY NEED TO DRIVE ECONOMIC, SOCIAL AND POLITICAL CHANGE IN THEIR COMMUNITIES AND BEYOND. WITH AN EDITORIAL FOCUS ON THE CIVIC AND CULTURAL COMMUNITIES IN NEW ORLEANS, VERITE NEWS HAS REPORTED ON CRITICAL ISSUES RELATED TO FAIR HOUSING, DISCRIMINATORY POLICING AND THE CITY'S HISTORIC ROOTS IN RESISTANCE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,889,368
Program Service Revenue $19,417
Investment Income $134,614
Other Revenue $78,741
TOTAL REVENUE $6,122,140

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,488,164
Fundraising Expenses $567,841
Program Expenses $3,491,499
Other Expenses $1,661,991
TOTAL EXPENSES $5,150,155

Year-over-Year Comparison

2023 2022 Change
Revenue $6,122,140 $4,722,248 +0.3%
Expenses $5,150,155 $3,579,836 +0.4%
Net Income $971,985 $1,142,412 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
49
Volunteers
8

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$821,220
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IVY BARNEY DIRECTOR 1.00
Director
$0 $0 $0
TODD MCDONALD DIRECTOR 1.00
Director
$0 $0 $0
TOM PITTMAN DIRECTOR 1.00
Director
$0 $0 $0
BILL BYNUM DIRECTOR 1.00
Director
$0 $0 $0
ANDREW LACK EXECUTIVE CHAIR 1.00
Officer Director
$0 $0 $0
DR IVY TAYLOR SECRETARY 1.00
Officer Director
$0 $0 $0
TRAY HAIRSTON TREASURER 1.00
Officer Director
$0 $0 $0
DONNA BARKSDALE VICE CHAIR 1.00
Officer Director
$0 $0 $0
MARY MARGARET WHITE CEO OF MISSISSIPPI TODAY 40.00
Officer
$121,117 $14,812 $135,929
DYLAN PENNY DIRECTOR, PEOPLE & CULTURE 40.00
Officer
$114,155 $10,218 $124,373
ADAM GANUCHEAU EDITOR-IN-CHIEF 40.00
Officer
$114,483 $8,367 $122,850
TERRY BAQUET EDITOR-IN-CHIEF VERITE 40.00
Officer
$147,627 $16,224 $163,851
DAVID FRANCIS EXECUTIVE DIRECTOR VERITE 40.00
Officer
$167,598 $13,459 $181,057
WARWICK SABIN CHIEF EXECUTIVE OFFICER 40.00
Officer
$91,358 $1,802 $93,160
THOMAS RAMSEY HIGHEST COMPENSATED EMPLOYEE 40.00
Highest
$108,582 $26,953 $135,535
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $6,122,140 $5,150,155 $7,698,323 $971,985
2022 $4,722,248 $3,579,836 $6,732,383 $1,142,412
2021 $5,184,768 $2,205,634 $5,242,208 $2,979,134
2020 $2,545,161 $1,958,209 $2,531,175 $586,952
2019 $1,560,107 $1,990,659 $1,686,665 $-430,552
2018 $2,117,316 $1,748,406 $2,089,688 $368,910
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