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Nonprofiteer
← NATIONAL PRESS FOUNDATION INC

Form 990 for tax year 2023

Filed by NATIONAL PRESS FOUNDATION INC.

Totals

Total revenue
$1,535,662
Total expenses
$2,008,840
Contributions and grants received
$1,317,404
Grants paid
$166,718
Program service revenue
$0
Investment income
$425,984
Other revenue
-$207,726
Total assets, end of year
$6,866,872
Total liabilities, end of year
$381,645
Net assets or fund balances, end of year
$6,485,227
Program services expenses (Part IX)
$1,603,362
Management and general expenses
$248,222
Fundraising expenses
$157,256
Program service expenses (Part III)
$1,603,362

Program services were 79.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $322,871

  • 1f · All other contributions, gifts and grants

    $994,533

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $90,878 · unrelated business $0 · excluded $90,878

  • 7a · Gross sales of assets other than inventory

    securities $2,827,862 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $2,492,212 · other assets $544

  • 7c · Gain or loss

    securities $335,650 · other assets -$544

  • 7d · Net gain or loss

    total $335,106 · related or exempt $0 · unrelated business $0 · excluded $335,106

  • 8a · Fundraising events: gross income

    $123,200

  • 8a · Fundraising events: contributions included on line 1c

    $322,871

  • 8b · Fundraising events: direct expenses

    $336,772

  • 8c · Net income from fundraising events

    total -$213,572 · unrelated business $0 · excluded -$213,572

  • 11a · Other revenue: Other income

    total $5,846 · related or exempt $5,846 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $5,846

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $53,000 · program services $53,000

  • 2 · Grants to domestic individuals

    total $68,718 · program services $68,718

  • 3 · Grants to foreign organizations and individuals

    total $45,000 · program services $45,000

  • 5 · Compensation of officers, directors and key employees

    total $171,678 · program services $84,005 · management and general $22,385 · fundraising $65,288

  • 7 · Other salaries and wages

    total $532,805 · program services $442,358 · management and general $45,365 · fundraising $45,082

  • 8 · Pension plan contributions

    total $28,110 · program services $24,328 · management and general $1,919 · fundraising $1,863

  • 9 · Other employee benefits

    total $75,305 · program services $63,656 · management and general $6,138 · fundraising $5,511

  • 10 · Payroll taxes

    total $53,454 · program services $40,544 · management and general $5,126 · fundraising $7,784

  • 11f · Fees: investment management

    total $36,238 · program services $7,752 · management and general $28,486 · fundraising $0

  • 11g · Fees: other

    total $80,251 · program services $0 · management and general $80,251 · fundraising $0

  • 13 · Office expenses

    total $22,168 · program services $9,712 · management and general $11,861 · fundraising $595

  • 14 · Information technology

    total $45,942 · program services $35,669 · management and general $3,807 · fundraising $6,466

  • 16 · Occupancy

    total $152,960 · program services $128,214 · management and general $9,793 · fundraising $14,953

  • 17 · Travel

    total $155,459 · program services $146,336 · management and general $7,619 · fundraising $1,504

  • 19 · Conferences, conventions and meetings

    total $440,446 · program services $425,371 · management and general $12,673 · fundraising $2,402

  • 20 · Interest

    total $398 · program services $0 · management and general $398 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $37,908 · program services $28,699 · management and general $3,401 · fundraising $5,808

  • 23 · Insurance

    total $9,000 · program services $0 · management and general $9,000 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $534,812 · end of year $97,748

  • 2 · Savings and temporary cash investments

    beginning of year $1,025,776 · end of year $1,013,654

  • 3 · Pledges and grants receivable

    beginning of year $304,500 · end of year $222,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $222,032 · end of year $59,100

  • 10a · Land, buildings and equipment: cost or other basis

    $507,263

  • 10b · Land, buildings and equipment: accumulated depreciation

    $463,199

  • 10c · Land, buildings and equipment, net

    beginning of year $71,565 · end of year $44,064

  • 11 · Investments: publicly traded securities

    beginning of year $4,802,325 · end of year $5,210,277

  • 15 · Other assets

    beginning of year $328,149 · end of year $220,029

  • 17 · Accounts payable and accrued expenses

    beginning of year $170,895 · end of year $49,636

  • 19 · Deferred revenue

    beginning of year $10,400 · end of year $16,810

  • 25 · Other liabilities

    beginning of year $440,296 · end of year $315,199

  • 27 · Net assets without donor restrictions

    beginning of year $3,790,531 · end of year $3,564,575

  • 28 · Net assets with donor restrictions

    beginning of year $2,877,037 · end of year $2,920,652

Mission and programs · 2023

Mission

To educate journalists on the complex issues of the day and train them to use the latest reporting tools and techniques. The foundation recognizes and encourages excellence in journalism through its awards and fellowships.

Activities or mission (Part I)

To increase journalists knowledge of complex issues to improve public understanding and to encourage excellence in journalism through awards and programs.

  • Crime Coverage Summit: In partnership with RTDNA convened 79 TV news directors and executives for a crime coverage summit in San Diego. Training featured expert speakers who tackled racial bias, business pressures, solutions-oriented approaches to coverage, journalism ethics and staff support, as well as growing police department restrictions on newsgathering.

    Expenses $263,922

  • Future of the American Child Fellowships: Held two trainings to provide journalists with the contextual depth and sources needed to amplify key challenges for American children. The first training took place in McAllen, Texas due to its location on the U.S.-Mexico border where journalists heard from experts on immigrant policy and toured the Catholic Charities Rio Grande Valley Humanitarian Respite Center. The second training was held in Cleveland, Ohio, and focused on childrens health, featuring experts from the Cleveland Clinic and including a tour of the Ahuja Center for Women and Children.

    Expenses $232,790

  • International Trade Coverage Fellowship: Gathered 24 journalists from 14 nations across Asia for a training on reporting on international trade in Singapore. Sessions featured experts on business, economics, geopolitics, and technology, and included a field trip to the Port of Singapore.

    Expenses $155,203

  • Other program expenses

    Expenses $951,447 · Grants $166,718

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anne Godlasky

    President

    Total calculated
    $186,537
    From this org
    $148,592
    From related orgs
    $0
    Other
    $37,945
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,592
    Bonus
    $0
    Other
    $0
    Deferred
    $10,811
    Nontaxable benefits
    $27,134
    Filer's total
    $186,537

  • Rachel Jones

    Director of Jouralism Initiative

    Total calculated
    $143,410
    From this org
    $117,733
    From related orgs
    $0
    Other
    $25,677
    Hours/week
    40

  • Tom Rosensteil

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • James Brady

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Sam Fulwood III

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Peter Cherukuri

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Tom Davidson

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Rafael Lorente

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Charles Self

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Patty Michalski

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Adam Sharp

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Susan Swain

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Robyn Tomlin

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Julie Triolo

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Catalina Camia

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Nancy Youssef

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Heather Dahl

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Amos Snead

    Immediate Past Chair

    Total calculated
    $0
    Hours/week
    0.3

  • Kathy Gest

    Executive Committee

    Total calculated
    $0
    Hours/week
    0.3

  • Jon Sawyer

    Treasurer

    Total calculated
    $0
    Hours/week
    0.3

  • Terence Samuel

    Chair

    Total calculated
    $0
    Hours/week
    0.3

  • Donna Leinwand Leger

    Executive Committee

    Total calculated
    $0
    Hours/week
    0.3

  • Kevin Goldberg

    Secretary

    Total calculated
    $0
    Hours/week
    0.3

  • Sudeep Reddy

    Executive Committee

    Total calculated
    $0
    Hours/week
    0.3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
25 April 2024
IRS schema version
2023v5.1
Source object
202422139349300317

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