Ljmn Media INC

Tax-deductible

Falls Village, CT501(c)(3)Arts & CultureEIN 87-1609627Revenue $1.7M in FY2024

On file with the IRSlakevillejournalfoundation.org64 Route 7 N, 06031-1304 · Falls Village, CTTax-exempt since Sep 2021Publicly supported — 509(a)(2)

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The lakeville journal foundation owns the lakeville journal LLC and is qualified to seek tax-deductible donations on its behalf to supplement revenue from advertising and other sources. Its status as a charitable organization bars explicit endorsements of candidates for public office, but imposes no other encumbrances on the journalistic enterprise. The foundations distinct mission is to ensure the financial, operational and editorial viability of the lakeville journal and millerton news to serve their local communities.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 13 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $230K a year · 16% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
to officers and key staff · 5% of spending
Top officer’s pay lower than 80% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
14
named funders · $470K
Looks good: 14 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$422K
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+4% vs prior year
Spent
$1.6M
To programs
81%
Net assets
$1.0M
By yearFY2021–FY2024
Revenue
$1.7M
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.0M
FY2022$1.4M
FY2023$1.7M
FY2024$1.7M
Expenses
$1.6M
FY2024▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2021$594K
FY2022$1.1M
FY2023$1.5M
FY2024$1.6M
Net assets
$1.0M
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2021$432K
FY2022$663K
FY2023$888K
FY2024$1.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $1.3M Management & general 14% · $223K Fundraising 6% · $90K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $84K paid to officers and key staff.

Part VII, Section A · reportable compensation
$83,800Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

James Clark’s $84K as CEO is at the 20th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022
James Clark$83,800$45,171—
Janet Manko——$54,478

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Ljmn Media INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports local newspapers to ensure their financial and editorial viability for community service.

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1 program · $1.3M · in their own filed words · FY2024
01

The mission of The Lakeville Journal and The Millerton News is to help readers in our communities make more informed decisions and foster the free flow of news, information, opinion, and ideas, reporting accurately and fairly.

$1.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 14 funders →
Grants paid · 1 grant · $35K · 2022–2022
Individual RecipientFY2022$34,702

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$894K
Fees for servicesLn 2g$892K
Investment incomeLn 3$12K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.3M
Managementcol C$223K
Fundraisingcol D$90K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$621K
Total assetsLn 16$1.4M
LiabilitiesLn 26$422K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$894K
Fundraising eventsLn 1c$197K
Fees for servicesLn 2g$892K
Investment incomeLn 3$12K
Gains on assetsLn 7$0
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$621K
SavingsLn 2$0
Cash and savings togetherLn 1–2$621K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$173K
Other assetsLn 15$524K
Total assetsLn 16$1.4M
LiabilitiesLn 26$422K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$618K$621K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$229K$173K
Total assetsLn 16$1.3M$1.4M
LiabilitiesLn 26$387K$422K
Net assetsLn 32$888K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$110K$90K$13K$8K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$801K$618K$126K$56K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$29K$8K$11K$9K
Payroll taxesLn 10$75K$58K$12K$5K
Management feesLn 11a$0
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$20K$20K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$10K$8K$2K
Advertising and promotionLn 12$192K$192K
Office expensesLn 13$107K$91K$11K$5K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$52K$44K$5K$3K
TravelLn 17$5K$5K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$76K$76K
InsuranceLn 23$34K$29K$3K$2K
Other expenses (24a–d)Ln 24$106K$101K$3K$2K
All other expensesLn 24e$12K$7K$5K
Total functional expensesLn 25$1.6M$1.3M$223K$90K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.7M$1.6M$79K$1.0M 990 PDF
FY2023 $1.7M$1.5M$179K$888K 990 PDF
FY2022 $1.4M$1.1M$231K$663K 990 PDF
FY2021 $1.0M$594K$432K$432K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,721,419 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $783,125$894,463
I-9 Program service revenuePrior year $870,506$891,987
I-10 Investment incomePrior year $33$11,832
I-11 Other revenue−$76,863
I-12 Total revenuePrior year $1,653,664$1,721,419
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,045,359$1,015,173
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $428,958$627,213
I-18 Total expensesPrior year $1,474,317$1,642,386
I-19 Revenue less expensesPrior year $179,347$79,033
Part VI · Governance 13 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members13
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,721,419 across 10 lines filed
VIII-1c Fundraising events$197,125
VIII-1f All other contributions, gifts and grants$697,338
VIII-1h Total contributions, gifts and grants$894,463
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $245,845 · Unrelated business $646,142$891,987
VIII-3 Investment incomeExcluded from tax $11,832$11,832
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events−$76,863
VIII-12 Total revenueRelated to mission $245,845 · Unrelated business $646,142 · Excluded from tax $11,832$1,721,419
Part IX · Statement of functional expenses $1,642,386 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $89,501 · Management $13,259 · Fundraising $7,735$110,495
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $617,934 · Management $126,240 · Fundraising $56,488$800,662
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $8,391 · Management $10,938 · Fundraising $9,496$28,825
IX-10 Payroll taxesPrograms $58,303 · Management $11,587 · Fundraising $5,301$75,191
IX-11a Management fees$0
IX-11b Legal feesManagement $7,270$7,270
IX-11c Accounting feesManagement $20,312$20,312
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $3,528$3,528
IX-11g Other fees for servicesPrograms $8,050 · Management $2,397$10,447
IX-12 Advertising and promotionPrograms $192,057$192,057
IX-13 Office expensesPrograms $91,053 · Management $10,699 · Fundraising $5,344$107,096
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $44,289 · Management $5,204 · Fundraising $2,599$52,092
IX-17 TravelPrograms $5,107$5,107
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $76,436$76,436
IX-23 InsurancePrograms $29,050 · Management $3,413 · Fundraising $1,705$34,168
IX-24 Other expenses (24a–d)Programs $101,232 · Management $3,490 · Fundraising $1,743$106,465
IX-24e All other expensesPrograms $7,418 · Management $4,817$12,235
IX-25 Total functional expensesPrograms $1,328,821 · Management $223,154 · Fundraising $90,411$1,642,386
Part X · Balance sheet $1,438,949 assets, 20 lines filed
Asset lines not itemized here account for $4,167; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $617,866$620,584
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $41,494$69,769
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $15,540$14,721
X-10c Land, buildings and equipment, netStart of year $229,383$173,073
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $54,615$32,769
X-15 Other assetsStart of year $311,152$523,866
X-16 Total assetsStart of year $1,274,610$1,438,949
X-17 Accounts payable and accrued expensesStart of year $66,050$106,073
X-19 Deferred revenueStart of year $114,136$160,420
X-25 Other liabilitiesStart of year $206,547$155,701
X-26 Total liabilitiesStart of year $386,733$422,194
X-27 Net assets without donor restrictionsStart of year $887,877$1,016,755
X-32 Total net assets or fund balancesStart of year $887,877$1,016,755
X-33 Total liabilities and net assetsStart of year $1,274,610$1,438,949
Part XI · Reconciliation of net assets $1,016,755 net assets at year end
XI-1 Total revenue$1,721,419
XI-2 Total expenses$1,642,386
XI-3 Revenue less expenses$79,033
XI-4 Net assets at start of year$887,877
XI-5 Net unrealized gains (losses) on investments$49,845
XI-10 Net assets at end of year$1,016,755

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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