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Nonprofiteer
← ILLINOIS PRESS FOUNDATION INC

Form 990 for tax year 2024

Filed by ILLINOIS PRESS FOUNDATION INC.

Totals

Total revenue
$1,541,436
Total expenses
$1,501,348
Contributions and grants received
$1,462,476
Grants paid
$41,544
Program service revenue
$21,595
Investment income
$57,365
Other revenue
$0
Total assets, end of year
$2,084,489
Total liabilities, end of year
$432,062
Net assets or fund balances, end of year
$1,652,427
Program services expenses (Part IX)
$1,243,068
Management and general expenses
$88,220
Fundraising expenses
$170,060
Program service expenses (Part III)
$1,243,068

Program services were 82.8% 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.

  • 1f · All other contributions, gifts and grants

    $1,462,476

  • 2a · Program service revenue: CONVENTIONS

    total $21,595 · related or exempt $21,595

  • 3 · Investment income

    total $57,365 · excluded $57,365

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $30,744 · program services $30,744

  • 2 · Grants to domestic individuals

    total $10,800 · program services $10,800

  • 5 · Compensation of officers, directors and key employees

    total $88,819 · program services $85,570 · management and general $1,854 · fundraising $1,395

  • 7 · Other salaries and wages

    total $763,337 · program services $734,152 · management and general $16,677 · fundraising $12,508

  • 8 · Pension plan contributions

    total $23,942 · program services $23,942

  • 9 · Other employee benefits

    total $38,901 · program services $37,021 · management and general $1,077 · fundraising $803

  • 10 · Payroll taxes

    total $68,342 · program services $66,229 · management and general $1,198 · fundraising $915

  • 11a · Fees: management

    total $91,149 · program services $67,451 · management and general $13,672 · fundraising $10,026

  • 11b · Fees: legal

    total $6,000 · program services $1,680 · management and general $3,780 · fundraising $540

  • 11c · Fees: accounting

    total $14,369 · management and general $14,369

  • 11f · Fees: investment management

    total $9,182 · management and general $9,182

  • 11g · Fees: other

    total $14,092 · program services $13,032 · management and general $143 · fundraising $917

  • 12 · Advertising and promotion

    total $1,840 · program services $1,840

  • 13 · Office expenses

    total $21,719 · program services $19,650 · management and general $327 · fundraising $1,742

  • 14 · Information technology

    total $21,722 · program services $16,306 · management and general $227 · fundraising $5,189

  • 17 · Travel

    total $55,603 · program services $52,878 · management and general $539 · fundraising $2,186

  • 19 · Conferences, conventions and meetings

    total $19,943 · program services $19,943

  • 22 · Depreciation, depletion and amortization

    total $9,089 · program services $9,064 · management and general $23 · fundraising $2

  • 23 · Insurance

    total $7,012 · program services $4,100 · management and general $2,844 · fundraising $68

  • 24a · Other expenses: OUTSIDE SERVICES

    total $144,362 · program services $18,730 · fundraising $125,632

  • 24b · Other expenses: LEASE EXPENSE

    total $50,508 · program services $27,779 · management and general $16,668 · fundraising $6,061

  • 24c · Other expenses: BOARD EXPENSES

    total $5,585 · management and general $5,585

  • 24d · Other expenses: MEALS

    total $4,114 · program services $1,983 · management and general $55 · fundraising $2,076

  • 24e · All other expenses

    total $174 · program services $174

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $450,381 · end of year $194,366

  • 3 · Pledges and grants receivable

    beginning of year $25,312 · end of year $24,115

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,596 · end of year $5,348

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

    $113,038

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

    $85,210

  • 10c · Land, buildings and equipment, net

    beginning of year $34,108 · end of year $27,828

  • 11 · Investments: publicly traded securities

    beginning of year $1,494,624 · end of year $1,465,110

  • 15 · Other assets

    beginning of year $404,523 · end of year $367,722

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,540 · end of year $66,951

  • 19 · Deferred revenue

    beginning of year $456,180 · end of year $0

  • 25 · Other liabilities

    beginning of year $400,784 · end of year $365,111

  • 27 · Net assets without donor restrictions

    beginning of year $1,406,205 · end of year $1,357,582

  • 28 · Net assets with donor restrictions

    beginning of year $123,835 · end of year $294,845

Mission and programs · 2024

Mission

TO PROMOTE AND PROTECT FREE EXPRESSION THROUGH EDUCATIONAL ACTIVITIES THAT FOSTER THE PRACTICE AND RESPECT OF FIRST AMENDMENT PRINCIPLES AND VALUES, TO ENHANCE THE QUALITY OF SERVICES PROVIDED BY NEWSPAPERS TO THEIR COMMUNITIES, AND TO SUPPORT READING AND LITERACY EFFORTS.

Activities or mission (Part I)

TO PROMOTE JOURNALISM IN ILLINOIS AND THROUGHOUT THE COUNTRY

  • CAPITOL NEWS ILLINOIS - THE MISSION OF CAPITOL NEWS ILLINOIS PROGRAM IS TO PROVIDE CREDIBLE AND UNBIASED COVERAGE OF STATE GOVERNMENT. CAPITOL NEWS ILLINOIS PROVIDES YEAR-ROUND, DAILY COVERAGE OF THE LEGISLATURE, INCLUDING COMMITTEE HEARINGS; STATE AGENCIES AND ISSUES; STATE OFFICE HOLDERS; AND THE ILLINOIS SUPREME COURT AND LEGAL MATTERS.

    Expenses $1,068,949

  • PROMOTION OF JOURNALISM, EDUCATION & LITERACY: THE FOUNDATION IS INVOLVED IN THE PROMOTION AND WELFARE OF JOURNALISM. TO ACHIEVE THIS, THE FOUNDATION HOLDS MEETINGS AND SEMINARS FOR ITS MEMBERS, SPONSORS EDUCATIONAL TRAINING AND MENTORING FOR COLLEGE STUDENTS AND PROFESSORS, PROVIDES GRANTS FOR HIGH SCHOOL JOURNALISM PROGRAMS, AND OFFERS COLLEGE SCHOLARSHIPS.

    Expenses $174,119 · Grants $41,544 · Revenue $21,595

As filed on the 2024 return.

Listed in Part VII

  • Jerry Reppert

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3
  • Jim Slonoff

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3
  • Nathan Jones

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Charles Wheeler

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Julie Boren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kathy Farren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • John Galer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Linda Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • P Carter Newton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Doug Ray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John David Reed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jon Whitney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dr Peggy Bradford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jim Shrader

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Wendy Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ron Wallace

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sam Fisher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Dr Loretta Meeks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jason Piscia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeff Rogers

    EXECUTIVE DIRECTOR

    Total calculated
    $88,819
    From this org
    $68,739
    From related orgs
    $0
    Other
    $20,080
    Hours/week
    40

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.

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2025
IRS schema version
2024v5.1
Source object
202541349349305444

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