Media Outlet Crime and Corruption Reporting Network - KRIK Date of first publication 23/10/2024 Date of Latest Change 23/10/2024

8. Disclosure of Revenue Sources and Data Collection

The aim of disclosure is to be able to assess potential conflicts of interests. Media Outlets are encouraged to exceed the financial disclosure requirements mandated by their national laws in order to achieve this goal. In cases where the requirements cannot be met, a justification for non-compliance should be published.

8.1. Sources of Revenue

The Media Outlet shall disclose a list of its sources of revenue, ranked from largest to smallest. These may include subscriptions, advertising, major donors and donations, subsidies, fees, sales, memberships, sponsorships, events, etc. Organisations obliged to publish or make public their financial information shall provide a reference to the source where the data is accessible. The Media Outlet may disclose its revenue and/or the categories of its sources of revenue, including the respective ratios. A Media Outlet owned by the state or the government, or financed with public money, shall disclose the nature of its source(s) of revenue: license fees, government budget, partnerships, public subscriptions, grants, commercial advertising, or other. Where a media entity deems itself precluded from disclosure of information due to safety and security concerns as outlined in the Terms and Definitions section, these shall be explained.

What are the categories of sources of revenue for the Media Outlet, ranked from largest to smallest? These may include subscriptions, advertising, major donors, donations, subsidies, fees, sales, memberships, sponsorships, events, etc.

As an NGO, most of our funding is secured through donations and grants of credible foundations, international organizations and development aid programs of foreign democratic governments. We do not receive any funding from the Government of Serbia or any related entities. We purposefully do not have advertisements in order to avoid any undue commercial interest. Also, a portion of our funding is also secured through the support we receive from our readers which is usually obtained through either small crowdfunding campaigns or regular, recurrent small donations of our core supporters. Lastly, we also provide commercial services to credible news outlets and organizations (e.g. various trainings on investigative journalism, security procedures, community engagement etc.).

Is the Media Outlet required to make financial disclosures?

Yes

Are those disclosures visible to the public?

Yes

What is the URL for those disclosures?

https://fin.apr.gov.rs/JavnaPretraga

What is the revenue of the Media Outlet?

For the fiscal year 2023, KRIK's total budget amounted to 374,700.00 EUR.

What is the ratio of the categories of revenue sources (as in question no. 46)?

This ratio depends on a given year, for the previous years it was as follows:
2023: 98% from grants, 2% donations from private citizens, 0% from commercial activities
2022: 96% from grants, 1.35% donations from private citizens, 2.65% from commercial activities
2021: 87.7% from grants, 11.85% donations from private citizens, 0.45% from commercial activities

Is there any reason for safety and security that you have given incomplete data in this section?

No

8.2. Data collection disclosure

Where a Media Outlet processes personal data from its audiences, on its own or by engaging with third parties, that shall be disclosed. The Media Outlet shall describe what personal data is processed, by which methods and for what purpose.

Does your Media Outlet process any personal information from online visitors on its own or with third parties?

Yes

What information is processed?

KRIK does not collect the personal data of our online visitors that could uniquely identify them. However, a number of our online visitors are also our recurrent donors and, for these reasons, we have to keep information such as their names, addresses, bank account numbers, etc. Our privacy policy allows for the deletion of this type of data upon request.

What is the purpose for gathering that information?

As a general policy, we collect a minimum of data that allows us to stay up to code when it comes to the financial rules and regulations that apply to us under the Serbian laws.

By what methods is the information processed?

Information is processed manually with strict confidentiality put in place in order to protect the identity. All of this information is being kept in an encrypted form to provide another layer of security.
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