Form 990 for tax year 2023

Totals

Total revenue

$24,428,280

Total expenses

$20,350,451

Contributions and grants received

$23,444,875

Grants paid

$13,039,156

Program service revenue

$0

Investment income

$983,405

Other revenue

$0

Total assets, end of year

$57,277,288

Total liabilities, end of year

$416,617

Net assets or fund balances, end of year

$56,860,671

Program services expenses (Part IX)

$17,849,681

Management and general expenses

$1,621,461

Fundraising expenses

$879,309

Program service expenses (Part III)

$17,849,681

Program services were 87.7% 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.

Mission and programs · 2023

• GRANTMAKING PROGRAM - THE AMERICAN JOURNALISM PROJECT SUPPORTS THE GROWTH OF INDEPENDENT, NON-PROFIT NEWS ORGANIZATIONS THAT HOLD THE POWERFUL ACCOUNTABLE, COMBAT DISINFORMATION, AND DEEPEN CIVIC PARTICIPATION IN THEIR COMMUNITIES. AS OF THE END OF 2021, AMERICAN JOURNALISM PROJECT HAS MADE GRANT COMMITMENTS TO 32 NEWS ORGANIZATIONS, SELECTED THROUGH A COMPETITIVE GRANTMAKING PROCESS WITH OVERSIGHT FROM OUR BOARD OF DIRECTORS.

  Expenses $11,220,534 · Grants $10,906,261

• GRANTEE SUPPORT PROGRAM - AMERICAN JOURNALISM PROJECT SETS GRANTEES UP FOR SUCCESS THROUGH A UNIQUE VENTURE SUPPORT MODEL. GRANTEES REPRESENT A VARIETY OF MODELS AND STAGES OF DEVELOPMENT, AND AMERICAN JOURNALISM PROJECT PROVIDES EACH WITH TAILORED SUPPORT BASED ON THEIR NEEDS AND BIGGEST STRATEGIC CHALLENGES. STAFF WORK AS A TEAM WITH GRANTEE LEADERS, PARTNERING WITH EACH ORGANIZATION TO HELP THEM STRENGTHEN AND SCALE THROUGH OPERATIONAL AND STRATEGIC SUPPORT, CURATION OF BEST PRACTICES FROM ACROSS THE SECTOR, AND FOSTERING OF PEER LEARNING ACROSS THE PORTFOLIO.

  Expenses $2,855,585 · Grants $480,013

• STARTUPS PROGRAM - AMERICAN JOURNALISM PROJECT WORKS WITH CIVIC LEADERS, PLACE-BASED FUNDERS, AND COMMUNITY FOUNDATIONS TO IDENTIFY AND ADDRESS INFORMATION GAPS IN THEIR COMMUNITIES. AMERICAN JOURNALISM PROJECT PROVIDES LOCAL PHILANTHROPIC PARTNERS WITH SERVICES SUCH AS COMMUNITY LISTENING, INFORMATION ECOSYSTEM RESEARCH, SOLUTION DESIGN, AND BUSINESS MODELING. ADDITIONALLY, EXPERIENCE AND RESOURCES ARE LEVERAGED TO INCUBATE NEW ORGANIZATIONS FROM THE GROUND UP. INCUBATION SUPPORT CAN INCLUDE ORGANIZATION ESTABLISHMENT, TEAM RECRUITMENT, VISIONING AND STRATEGIC PLANNING, RAISING SEED CAPITAL, STAKEHOLDER ENGAGEMENT, AND EQUITABLE ORGANIZATION DESIGN.

  Expenses $1,489,421

• Expenses $2,284,141 · Grants $1,652,882

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

Listed in Part VII

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

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

• OHIO LOCAL INFORMATION INITIATIVE

  $2,131,997

  TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS.

• BEACON MEDIA INC

  $782,325

  TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS.

• HOUSTON LOCAL INFORMATION INITIATIVE

  $748,149

  TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS.

• SAHAN JOURNAL

  $651,525

  TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS.

• THE CITY REPORT INC

  $600,300

  TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS.

• BLOCK CLUB CHICAGO

  $537,400

  TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS.

• CAPITAL B NEWS INC

  $500,300

  TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS.

• INDIJ PUBLIC MEDIA

  $500,000

  TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS.

• TEXAS TRIBUNE INC

  $500,000

  TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS.

• THE MARSHALL PROJECT

  $381,000

  TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS.

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type

form_990

Tax year

2023

Filed

11 November 2024

IRS schema version

2023v5.1

Source object

202443189349300539

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.