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Nonprofiteer
← TRAVELING PRESS FUND INC

Form 990 for tax year 2023

Filed by TRAVELING PRESS FUND INC.

Totals

Total revenue
$3,713,515
Total expenses
$8,134,474
Contributions and grants received
$3,695,574
Grants paid
$4,187,625
Program service revenue
$0
Investment income
$11,521
Other revenue
$6,420
Total assets, end of year
$1,316,959
Total liabilities, end of year
$3,967
Net assets or fund balances, end of year
$1,312,992
Program services expenses (Part IX)
$4,204,799
Management and general expenses
$3,926,385
Fundraising expenses
$3,290
Program service expenses (Part III)
$4,204,799

Program services were 51.7% 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.

  • 1f · All other contributions, gifts and grants

    $3,695,574

  • 3 · Investment income

    total $11,521 · excluded $11,521

  • 11a · Other revenue: FOREIGN EXCHANGE GAIN

    total $6,420 · related or exempt $6,420

  • 11e · Other revenue, total

    $6,420

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,062,625 · program services $4,062,625

  • 3 · Grants to foreign organizations and individuals

    total $125,000 · program services $125,000

  • 11b · Fees: legal

    total $39,168 · program services $9,792 · management and general $29,376

  • 11c · Fees: accounting

    total $27,953 · program services $6,988 · management and general $20,965

  • 13 · Office expenses

    total $4,454 · program services $128 · management and general $1,036 · fundraising $3,290

  • 23 · Insurance

    total $1,062 · program services $266 · management and general $796

  • 24a · Other expenses: IMPAIRMENT OF NOTE RECE

    total $3,874,212 · management and general $3,874,212

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,325,244 · end of year $912,319

  • 4 · Accounts receivable

    beginning of year $300,000 · end of year $150,000

  • 5 · Loans and receivables from officers and key people

    beginning of year $4,110,911 · end of year $254,640

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,204 · end of year $3,967

  • 27 · Net assets without donor restrictions

    beginning of year $4,151,339 · end of year $1,108,806

  • 28 · Net assets with donor restrictions

    beginning of year $1,582,612 · end of year $204,186

Mission and programs · 2023

Mission

THE TRAVELING PRESS FUND INC. (THE ORGANIZATION") IS AN INDEPENDENT, NON-PROFIT CORPORATION THAT PROVIDES GRANTS TO NEWSROOMS AND FREELANCE JOURNALISTS TO PRODUCE INVESTIGATIVE AND ON-LOCATION JOURNALISM, WHICH SEEKS TO EDUCATE THE PUBLIC AND ADVANCE THE PUBLIC INTEREST. THE ORGANIZATION IS NON-PARTISAN AND, IN THE BEST TRADITIONS OF AMERICAN JOURNALISM, SEEKS TO ENCOURAGE AND ENABLE JOURNALISTS TO BE THE EYES AND EARS FOR THEIR READERS AND HOLD THE POWERFUL ACCOUNTABLE.

  • THE TRAVELING PRESS FUND MADE GRANTS TO ENABLE JOURNALISTS AND FREELANCE WRITERS TO PRODUCE ON-LOCATION, NON-PARTISAN STORIES AND INTERVIEWS THAT SEEK TO EDUCATE AND INFORM THE PUBLIC ABOUT NEW IDEAS AND INITIATIVES.

    Expenses $4,204,799 · Grants $4,187,625

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

Listed in Part VII

  • Alexander R Berger

    DIRECTOR/PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Gary L Ginsberg

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jesse M Fried

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

  • LEVEL THREE LABS LLC

    $2,618,500

    JOURNALIST AND FREELANCE WRITER EXPENSES

  • SIXPOINT INC

    $1,219,125

    JOURNALIST AND FREELANCE WRITER EXPENSES

  • FINCHLEY ROAD MEDIA LLC

    $107,000

    JOURNALIST AND FREELANCE WRITER EXPENSES

  • JOURNALISTIC PROTECTION LLC

    $100,000

    JOURNALIST AND FREELANCE WRITER EXPENSES

  • COLE S ARONSON LLC

    $18,000

    JOURNALIST AND FREELANCE WRITER EXPENSES

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349319242

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