American Press Institute Inc
- Assets
- $55.8m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 18
- Location
- Arlington, VA
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 13-2690182
Organization Overview
American Press Institute Inc is located in Arlington, VA. The organization was established in 2014. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, American Press Institute Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Press Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, American Press Institute Inc generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $4.9m during the year ending 12/2021. While expenses have increased by 12.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, American Press Institute Inc has awarded 32 individual grants totaling $313,524. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE TRUSTED SOURCE FOR CAREER & LEADERSHIP DEV. FOR THE NEWSMEDIA INDUSTRY IN N. AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TABLE STAKES: TABLE STAKES IS A YEARS-LONG INNOVATIVE LEARNING PROGRAM FACILITATED BY API THAT HELPS NEWS ORGANIZATIONS TRANSFORM THEIR JOURNALISM AND BUSINESS THROUGH INTENSIVE CHANGE-MANAGEMENT TRAINING FOR NEWS LEADERS.
METRICS FOR NEWS (AKA CONTENT STRATEGY): API'S PROPRIETARY PROGRAM THAT HELPS PUBLISHERS BUILD AN EMPIRICAL, DATA-INFORMED NEWS STRATEGY THROUGH CUSTOM-BUILT CONTENT ANALYSIS SOFTWARE, NEW JOURNALISM METRICS AND INNOVATIVE AUDIENCE SURVEYS.
TRUSTING NEWS PROJECT: TO PROVIDE SUPPORT TO NEWSROOMS TO DEVELOP, TEST, AND IMPLEMENT NEW PRACTICES AND BEHAVIORS THAT MAKE REPORTING MORE TRANSPARENT AND TRUSTWORTHY BY BUILDING A NETWORK OF TRANSPARENCY COACHES AND TRAINERS WHO WILL DRAMATICALLY INCREASE NEWSROOMS ABILITY TO MAKE THE NECESSARY CHANGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Rosenstiel Executive Director | Officer | 40 | $291,192 |
Amy Kovac-Ashley Vice President | 40 | $198,576 | |
Jeff Sonderman Deputy Deirector | 40 | $179,806 | |
Gwendolyn Vargo Director Of Reader | 40 | $157,885 | |
Emily Ristow Senior Director | 40 | $138,520 | |
Elizabeth Worthington Senior Director | 40 | $121,031 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charles Baum Legal Services | 12/30/20 | $198,616 |
Mayer Media Strategy Media Strategist Consultant | 12/30/20 | $157,569 |
Lynn Walsh Media Strategist Consultant | 12/30/20 | $120,584 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,534,144 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,534,144 |
| Total Program Service Revenue | $389,243 |
| Investment income | $1,012,839 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,323,730 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,259,956 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $64,200 |
| Grants and other assistance to domestic individuals. | $15,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $348,255 |
| Compensation of current officers, directors, key employees. | $86,558 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,512,918 |
| Pension plan accruals and contributions | $23,426 |
| Other employee benefits | $88,368 |
| Payroll taxes | $85,248 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,078 |
| Fees for services: Accounting | $29,707 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $137,725 |
| Fees for services: Other | $1,491,623 |
| Advertising and promotion | $19,982 |
| Office expenses | $11,670 |
| Information technology | $20,747 |
| Royalties | $0 |
| Occupancy | $10,392 |
| Travel | $36,989 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,367 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $872 |
| Insurance | $0 |
| All other expenses | $365 |
| Total functional expenses | $4,881,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $544,984 |
| Savings and temporary cash investments | $596,165 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $155,147 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,834 |
| Net Land, buildings, and equipment | $1,163 |
| Investments—publicly traded securities | $54,485,402 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $55,812,695 |
| Accounts payable and accrued expenses | $109,284 |
| Grants payable | $0 |
| Deferred revenue | $1,167,725 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $272,085 |
| Total liabilities | $1,549,094 |
| Net assets without donor restrictions | $54,263,601 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $55,812,695 |
Grants Awarded
Over the last fiscal year, American Press Institute Inc has awarded $64,200 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
THE FORT COLLINS COLORADOAN PURPOSE: LOCAL NEWS IDEAS-TO-ACTION FUND | $10,000 |
San Francisco, CA PURPOSE: LOCAL NEWS IDEAS-TO-ACTION FUND | $10,000 |
GREEN LINE MEDIA INC PURPOSE: LOCAL NEWS IDEAS-TO-ACTION FUND | $9,300 |
NEW DIGITAL PRESS PURPOSE: LOCAL NEWS IDEAS-TO-ACTION FUND | $8,500 |
Concord, NH PURPOSE: LOCAL NEWS IDEAS-TO-ACTION FUND | $7,500 |
Pittsburgh, PA PURPOSE: LOCAL NEWS IDEAS-TO-ACTION FUND | $7,200 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that American Press Institute Inc has recieved totaling $485,000.
| Awarding Organization | Amount |
|---|---|
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA PURPOSE: (D) = $300,000.00 | $300,000 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $150,000 |
Mercatus Center Inc Arlington, VA PURPOSE: University Research & Teaching / Education Grants | $20,000 |
Philadelphia Foundation Philadelphia, PA PURPOSE: LOCAL NEWS IDEAS-TO-ACTION FUND | $15,000 |
Endowment Analysis
| Beg. Balance | $1,731,293 |
| Other Expense | $1,731,293 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Society Of Landscape Architects Inc Washington, DC | $17,442,651 | $12,339,355 |
News Media Alliance Arlington, VA | $20,710,538 | $7,719,219 |
American Association Of Museums Arlington, VA | $11,405,115 | $9,674,597 |
Association For Print Technologies Inc Franklin, TN | $5,247,559 | $1,238,108 |
American Press Institute Inc Arlington, VA | $55,812,695 | $5,259,956 |
National Art Education Association Alexandria, VA | $5,332,373 | $7,206,215 |
National Communication Association Washington, DC | $10,518,840 | $3,243,981 |
Architectural Woodwork Institute Potomac Falls, VA | $9,021,141 | $4,703,574 |
National Assembly Of State Arts Agencies Washington, DC | $2,542,835 | $4,408,580 |
Americas Public Television Stations Arlington, VA | $4,157,249 | $3,714,943 |
National Association Of Black Journalists College Park, MD | $7,758,303 | $4,417,067 |
Education Writers Association Washington, DC | $5,548,115 | $3,246,806 |