Foundation for Local News Inc

Foundation · Grantmaker Pompano Beach, FL EIN: 99-2296406

To promote careers in local news and news related professions, also increasing public awareness of the local news crisis

Key facts about Foundation for Local News Inc

In short: Foundation for Local News Inc gave $502K across 5 grants in 2025 (avg $100K), mostly in New Jersey. Source: 2025 IRS Form 990.

EIN
99-2296406
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$501,828
Grants made (2025)
5
Average grant
$100,366
Median grant
$99,000
Total assets
$66,975
Primary geography
New Jersey (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$67K

Annual Giving

$502K

Grant Count

5

Avg Grant Size

$100K

About Foundation for Local News Inc

Based on IRS filings

Foundation for Local News Inc is a nonprofit organization, based in Pompano Beach, FL. IRS filing data is available for 2025. As of 2025, the organization holds $67K in total assets. In 2025, it awarded 5 grants totaling $502K. Net investment income was $221.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 5 itemized 2025 grant dollars.

States

Cities

HammontonHasbrouck HeightsMount RoyalNewarkNorth Bergen

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K5 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2025

LNN USA Hammontown Gazette: $223KLNN USA Hammontown Gazette$223KNJ Urban News: $118KNJ Urban News$118KVelvet Media LLC: $99KVelvet Media LLC$99KHudpost LLC: $52KHudpost LLC$52KAviator Publishing: $10KAviator Publishing$10K

Grant Size Distribution

5 grants across all recorded years

1<$50K2$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
LNN USA HAMMONTOWN GAZETTE Hammonton, NJRenewal Grant to support the Hammonton Gazettes Spanish-language coverage and translations for Spanish-speaking readers, expanding access to civic information and extending these services to the Vineland Voice.$222,528
NJ URBAN NEWS Newark, NJ2025 Grant Renewal for New Jersey Urban News to expand reporting capacity, upgrade technological capabilities and enhance revenue-generating capacity through audience development and business operations.$118,000
VELVET MEDIA LLC Mount Royal, NJMENTOR AND TRAINING IN EARLY BLACK JOURNALISTS$99,000
HUDPOST LLC North Bergen, NJTo support the placement of a student intern at HudPost as part of the New Jersey Civic Information Consortiums statewide paid internship program, providing hands-on journalism experience while contributing to local news coverage.$52,300
AVIATOR PUBLISHING Hasbrouck Heights, NJto implement new technological solutions through through Blue Engine Technology & Sustainability Accelerator$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K$800K2025
Metric2025
Total Assets$66,975
Revenue$583,229
Expenses$516,875
Qualifying Distributions—
Net Investment Income$221
Distributable Amount—

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2025 (received by the IRS June 1, 2026)

Leadership & Key People

Officers and directors from IRS filings

Foundation for Local News Inc is led by Michael Shapiro, Chairman & Board Member on the 2025 filing; none of the 8 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Michael Shapiro

    Chairman & Board Member

    New on the 2025 filing

    5 hrs/week

    No compensation reported

  • Brian Thompson

    Board Member

    New on the 2025 filing

    2 hrs/week

    No compensation reported

  • Darlene Cullen

    Treasurer

    New on the 2025 filing

    5 hrs/week

    No compensation reported

  • Edmund M. Deveaux

    Vice Chair & Board Member

    New on the 2025 filing

    5 hrs/week

    No compensation reported

  • Eric Levine

    Secretary & Board Member

    New on the 2025 filing

    5 hrs/week

    No compensation reported

  • Jonathan Alter

    Board Member

    New on the 2025 filing

    2 hrs/week

    No compensation reported

  • Marie Denoia Aronsohn

    Board Member

    New on the 2025 filing

    2 hrs/week

    No compensation reported

  • Ronald Morano

    Board Member

    New on the 2025 filing

    2 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Foundation for Local News Inc

How much does Foundation for Local News Inc give each year?

Foundation for Local News Inc gave $502K across 5 grants in 2025, according to its 2025 IRS Form 990.

What is Foundation for Local News Inc's typical grant size?

Foundation for Local News Inc's median grant in 2025 was $99,000, and its average grant was $100,366, across 5 grants on its 2025 IRS Form 990.

Where does Foundation for Local News Inc give grants?

Foundation for Local News Inc gives mostly in New Jersey: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there.

Does Foundation for Local News Inc give general operating support?

Not in 2025: none of the 5 grants with a stated purpose on Foundation for Local News Inc's 2025 IRS Form 990 were described as general or operating support.

Who are Foundation for Local News Inc's largest grantees?

Foundation for Local News Inc's largest 2025 grantees include LNN USA Hammontown Gazette ($222,528), NJ Urban News ($118,000) and Velvet Media LLC ($99,000), according to its 2025 IRS Form 990. Together they received 88% of its itemized 2025 grant dollars.

How large is Foundation for Local News Inc?

Foundation for Local News Inc reported $67K in total assets on its 2025 IRS Form 990. Its revenue that year was $583K.

What is Foundation for Local News Inc's EIN?

Foundation for Local News Inc's EIN (Employer Identification Number) is 99-2296406. IRS Form 990 filing data is available on this page for 2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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