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Filing year 2024

LOCAL MEDIA ASSOCIATION

Lake City, Michigan·EIN 52-0914204·501(c)(6)
Total revenue
$1.3M
Total assets
$2.1M
Total expenses
$1.6M
Reported officers
30
Mission

LOCAL MEDIA ASSOCIATION IS INTENSELY FOCUSED ON HELPING MEDIA COMPANIES DISCOVER NEW AND SUSTAINABLE BUSINESS MODELS. THE FUTURE OF LOCAL JOURNALISM DEPENDS ON THIS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 9 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Co-ceo
Officer (Unspecified)
$292k
$314k
Base
$281k
Bonus
Other
Benefits
$11k
Co-ceo
Key Employee
Median to 75th percentile
$252k
$272k
Base
$224k
Bonus
Other
Benefits
$28k
Chief Innovation Officer
Highest Compensated Employee
Median to 75th percentile
$216k
$233k
Base
$196k
Bonus
Other
Benefits
$20k
Employee
Highest Compensated Employee
Median to 75th percentile
$188k
$202k
Base
$165k
Bonus
Other
Benefits
$23k
Employee
Highest Compensated Employee
25th percentile to median
$164k
$176k
Base
$157k
Bonus
Other
Benefits
$6k
Employee
Highest Compensated Employee
25th percentile to median
$150k
$161k
Employee
Highest Compensated Employee
25th percentile to median
$143k
$154k
Employee
Highest Compensated Employee
10th to 25th percentile
$115k
$124k
Director of Accounting and
Director (Operational)
Median to 75th percentile
$113k
$122k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 21 unpaid individuals.

Down 23%
from 2023

From $381k in 2023 to $292k in 2024.

$381k
2023
$292k
2024
In today's dollarsEst.
Down 25% in real terms$421k to $314k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Highest Compensated Employee pay fell 3% from 2023 to 2024, while revenue fell 53%.

$224k in 2023 to $216k in 2024.
  • Director (Operational) pay fell 7% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

LOCAL MEDIA ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.8M
$2.6M
2023
$1.3M
$1.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about LOCAL MEDIA ASSOCIATION

What does the Key Employee of LOCAL MEDIA ASSOCIATION earn?

In 2024, the Key Employee of LOCAL MEDIA ASSOCIATION received $252,442 in total compensation. This pay is above the median (the midpoint) for Key Employee roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Key Employee pay at LOCAL MEDIA ASSOCIATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Key Employee at LOCAL MEDIA ASSOCIATION falls between the median and the 75th percentile.

What are LOCAL MEDIA ASSOCIATION's revenue and expenses?

In 2024, LOCAL MEDIA ASSOCIATION reported $1.3M in total revenue and $1.6M in total expenses on its IRS Form 990.

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