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Nonprofiteer
← DETROIT JEWISH NEWS FOUNDATION INC

Form 990 for tax year 2023

Filed by DETROIT JEWISH NEWS FOUNDATION INC.

Totals

Total revenue
$1,499,403
Total expenses
$1,714,917
Contributions and grants received
$171,909
Grants paid
$0
Program service revenue
$35,623
Investment income
$0
Other revenue
$1,291,871
Total assets, end of year
$656,170
Total liabilities, end of year
$219,010
Net assets or fund balances, end of year
$437,160
Program services expenses (Part IX)
$1,270,416
Management and general expenses
$254,318
Fundraising expenses
$190,183
Program service expenses (Part III)
$1,270,416

Program services were 74.1% 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

    $171,909

  • 2a · Program service revenue: TRADE ADVERTISING

    total $35,623 · related or exempt $35,623

  • 10a · Gross sales of inventory

    $1,979,882

  • 10b · Cost of goods sold

    $688,011

  • 10c · Net income from sales of inventory

    total $1,291,871 · related or exempt $1,291,871

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $112,000 · program services $84,000 · management and general $16,800 · fundraising $11,200

  • 7 · Other salaries and wages

    total $746,922 · program services $560,192 · management and general $112,038 · fundraising $74,692

  • 9 · Other employee benefits

    total $102,789 · program services $77,092 · management and general $15,418 · fundraising $10,279

  • 10 · Payroll taxes

    total $71,589 · program services $53,692 · management and general $10,738 · fundraising $7,159

  • 11b · Fees: legal

    total $3,181 · program services $2,545 · management and general $318 · fundraising $318

  • 11c · Fees: accounting

    total $18,328 · program services $14,662 · management and general $1,833 · fundraising $1,833

  • 11g · Fees: other

    total $275,385 · program services $220,309 · management and general $27,538 · fundraising $27,538

  • 12 · Advertising and promotion

    total $43,065 · program services $43,065

  • 13 · Office expenses

    total $32,537 · program services $19,523 · management and general $6,507 · fundraising $6,507

  • 14 · Information technology

    total $105,721 · program services $59,389 · management and general $23,166 · fundraising $23,166

  • 16 · Occupancy

    total $71,624 · program services $43,064 · management and general $14,280 · fundraising $14,280

  • 17 · Travel

    total $9,210 · program services $7,368 · management and general $1,842

  • 20 · Interest

    total $973 · program services $583 · management and general $195 · fundraising $195

  • 22 · Depreciation, depletion and amortization

    total $7,375 · program services $5,773 · management and general $801 · fundraising $801

  • 23 · Insurance

    total $22,780 · program services $13,668 · management and general $4,556 · fundraising $4,556

  • 24a · Other expenses: BANK AND MERCHANT FEES

    total $38,294 · program services $22,976 · management and general $7,659 · fundraising $7,659

  • 24b · Other expenses: ARCHIVAL PROJECT

    total $13,475 · program services $10,780 · management and general $2,695

  • 24c · Other expenses: EQUIPMENT RENTAL

    total $13,300 · program services $10,640 · management and general $2,660

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $11,436 · program services $9,149 · management and general $2,287

  • 24e · All other expenses

    total $14,933 · program services $11,946 · management and general $2,987

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $296,455 · end of year $184,060

  • 3 · Pledges and grants receivable

    beginning of year $209,111 · end of year $160,741

  • 4 · Accounts receivable

    beginning of year $155,418 · end of year $138,996

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,969 · end of year $7,703

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

    $41,718

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

    $18,291

  • 10c · Land, buildings and equipment, net

    beginning of year $20,693 · end of year $23,427

  • 15 · Other assets

    beginning of year $193,689 · end of year $141,243

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,699 · end of year $62,859

  • 19 · Deferred revenue

    beginning of year $16,444 · end of year $14,078

  • 25 · Other liabilities

    beginning of year $197,518 · end of year $142,073

  • 27 · Net assets without donor restrictions

    beginning of year $482,174 · end of year $297,160

  • 28 · Net assets with donor restrictions

    beginning of year $170,500 · end of year $140,000

Mission and programs · 2023

Mission

TO EDUCATE AND STRENGTHEN THE JEWISH COMMUNITY OF DETROIT AND SOUTHEAST MICHIGAN BY CAPTURING, TELLING, AND LEARNING FROM THIS COMMUNITY'S STORY THROUGH THE ONGOING CREATION, PRODUCTION, PRESERVATION, AND DISSEMINATION OF NEWS AND INFORMATION OF JOURNALISTIC INTEGRITY THAT EDUCATES AND CONNECTS THE COMMUNITY

  • TO SUPPORT THE DETROIT JEWISH NEWS AS IT TRANSITIONED TO A NON-PROFIT OPERATING MODEL, EXPANDED ITS DIGITAL CAPABILITIES, AND CONTINUED TO SERVE THE COMMUNITY WITH INDEPENDENT, TRUSTED JOURNALISM

    Expenses $847,597 · Revenue $1,327,494

  • CREATION, PRODUCTION, PRESERVATION, DISSEMINATION, AND DISCUSSION OF NEWS AND INFORMATION OF JOURNALISTIC INTEGRITY THAT EDUCATE AND CONNECT THE COMMUNITY

    Expenses $422,819

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

Listed in Part VII

  • Gary Torgow

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • David Kramer

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Max Berlin

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Robin Axelrod

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Larry Jackier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Schlussel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Zausmer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Davidoff

    SENIOR ADVISOR

    Total calculated
    $112,500
    From this org
    $112,500
    From related orgs
    $0
    Other
    $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

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • TDJNF LLC

    NEWSPAPER PUBLISHING · MI · income $2,015,505 · assets $138,996

    Directly controlled by THE DETROIT JEWISH NEWS FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349328506

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