CAPITAL B NEWS INC

EIN: 853905902 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$4,625,256
Total Expenses
$4,646,531
Total Assets
$7,897,499
Net Assets
$7,820,549
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NY
Principal Officer
LAUREN WILLIAMS
Phone
9177834354
Tax Period
2023-01-01 to 2023-12-31

CAPITAL B NEWS INC, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.6M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,576,688
Program Service Revenue $48,568
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,625,256

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,557,478
Fundraising Expenses $636,724
Program Expenses $3,078,291
Other Expenses $1,089,053
TOTAL EXPENSES $4,646,531

Year-over-Year Comparison

2023 2022 Change
Revenue $4,625,256 $6,314,035 -0.3%
Expenses $4,646,531 $3,520,800 +0.3%
Net Income $-21,275 $2,793,235 -1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
4
Employees
33
Volunteers
4

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
3
$770,659
Total Directors
6
$529,131
Key Employees
1
$175,809
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAUREN WILLIAMS PRESIDENT & CEO 60.00
Officer Director
$275,060 $1,114 $276,174
AKOTO OFORI-ATTA TREASURER/SECRETARY/CAO 60.00
Officer Director
$222,361 $30,596 $252,957
MAURISSE JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
SARABETH BERMAN DIRECTOR 1.00
Director
$0 $0 $0
MARSHA COOKE DIRECTOR 1.00
Director
$0 $0 $0
MATT THOMPSON DIRECTOR 1.00
Director
$0 $0 $0
GILLIAN WHITE CHIEF REVENUE OFFICER OF REVENUE & PLANNING 40.00
Officer
$212,755 $28,773 $241,528
SIMONE SEBASTIAN EDITORIAL DIRECTOR 40.00
Key Emp
$164,814 $10,995 $175,809
MICHELLE WILLIAMS GROWTH & PARTNERSHIPS DIRE 40.00
Highest
$134,724 $7,936 $142,660
CHARITY SCOTT AUDIENCE DEVELOPMENT EDITOR 40.00
Highest
$120,755 $10,335 $131,090
DALILA PAUL NATIONAL EDITOR 40.00
Highest
$126,447 $7,434 $133,881
CHRISTINA CARREGA NATIONAL CRIMINAL JUSTICE REPORTER 40.00
Highest
$108,828 $8,630 $117,458
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 $4,625,256 $4,646,531 $7,897,499 $-21,275
2022 $6,572,381 $3,520,800 $8,164,642 $3,051,581
2021 $6,073,007 $1,044,820 $5,106,708 $5,028,187
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare CAPITAL B NEWS INC with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.