CAPITAL B NEWS INC Charity Report

Public IRS 990 nonprofit record

CAPITAL B NEWS INC

EIN 85-3905902 · Printing & Publishing (A33)

What they do

to CONNECT and ENGAGE WITH BLACK COMMUNITIES to DELIVER TRUSTWORTHY JOURNALISM THAT INFORMS, EMPOWERS, and CREATES MEANINGFUL CHANGE for BLACK PEOPLE IN AMERICA.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $59.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

59.3%of expenses went to mission work59.60% of revenue

9.5%of expenses went to fundraising9.60% of revenue

$100.60spent for every $100 of revenueSpending was higher than revenue this year.

31.2%of expenses went to management and office costs31.40% of revenue

$1.39in assets for every $1 spent this yearSome assets cannot be spent right away.

99.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $35,236 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $283,918 for LAUREN WILLIAMS (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100spent

Where each $100 of expenses went

The first percentage is the spending mix. The second compares that amount with the charity’s revenue.

Mission workProgram services59.3% of expenses59.60% of revenue

ManagementOffice and general costs31.2% of expenses31.40% of revenue

FundraisingAsking for donations9.5% of expenses9.60% of revenue

Total expenses100.60% of revenue

Has the pattern changed?

Each bar shows the share of annual spending reported for mission work, management, and fundraising.

202459.3% mission

202366.2% mission

202256.0% mission

202138.7% mission

Money in and money out

Revenue$5,853,158

Expenses$5,888,394

Annual shortfall $35,236 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,489,973 · 59.3% of expenses

Management and office costs$1,837,774 · 31.2% of expenses

Fundraising$560,647 · 9.5% of expenses

See all reported dollar amounts

Revenue$5,853,158

Expenses$5,888,394

Assets$8,194,556

Income$5,853,158

Contributions$5,820,852

Mission work (program services)$3,489,973

Fundraising$560,647

Management and general$1,837,774

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

LAUREN WILLIAMSPRESIDENT & CEO · 60 hrs/week $283,918Base $283,860 · Other $58

AKOTO OFORI-ATTATREASURER/SECRETARY/CAO · 60 hrs/week $262,698Base $227,739 · Other $34,959

GILLIAN WHITECHIEF REVENUE OFFICER OF R · 40 hrs/week $249,116Base $220,828 · Other $28,288

DALILA PAULNATIONAL EDITOR · 40 hrs/week $158,005Base $149,436 · Other $8,569

KELLY VIRELLAEXECUTIVE EDITOR · 40 hrs/week $134,167Base $132,924 · Other $1,243

ADESHINA EMMANUELMANAGING EDITOR OF LOCAL · 40 hrs/week $129,428Base $120,019 · Other $9,409

CHRISTINA CARREGANATIONAL CRIMINAL JUSTICE · 40 hrs/week $123,783Base $112,943 · Other $10,840

KEITH REEDATLANTA EDITOR · 40 hrs/week $120,323Base $111,286 · Other $9,037

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (12)

LAUREN WILLIAMSPRESIDENT & CEO

AKOTO OFORI-ATTATREASURER/SECRETARY/CAO

GILLIAN WHITECHIEF REVENUE OFFICER OF R

DALILA PAULNATIONAL EDITOR

KELLY VIRELLAEXECUTIVE EDITOR

ADESHINA EMMANUELMANAGING EDITOR OF LOCAL

CHRISTINA CARREGANATIONAL CRIMINAL JUSTICE

KEITH REEDATLANTA EDITOR

MARSHA COOKEDIRECTOR

MATT THOMPSONDIRECTOR

MAURISSE JOHNSONFINANCE CHAIR

SARABETH BERMANDIRECTOR

About this charity

Recognized since: January 2021
Location: 209 WEST 29TH STREET 107, NEW YORK, NY 10001
County: New York
In care of: LAUREN WILLIAMS
Primary officer: LAUREN WILLIAMS, PRESIDENT & CEO

How to reach them

WebsiteVisit the charity’s website Emailadvertise@capitalbnews.org Phone(917) 783-4354

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: SAX LLP
NTEE classification: Printing & Publishing (A33)
IRS tax category: Printing & Publishing