Dow Jones News Fund Inc
- Assets
- $479.8k
- Revenue
- $523.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 07/1960
- Data as of
- 12/2023
- EIN
- 13-6021439
Organization Overview
Dow Jones News Fund Inc is located in Princeton, NJ. The organization was established in 1960. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dow Jones News Fund 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 12/2023, Dow Jones News Fund Inc generated $523.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $634.1k during the year ending 12/2023. While expenses have increased by 1.8% per year over the past 9 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 2015, Dow Jones News Fund Inc has awarded 657 individual grants totaling $3,827,506. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE INTERN TRAINING, PLACEMENT AND SUPPORT PROGRAM - 106 COLLEGE STUDENTS WERE SELECTED OUT OF HUNDREDS OF APPLICANTS TO PARTICIPATE IN ON-SITE TRAINING EVENTS ORGANIZED BY THE ORGANIZATION AND PLACED IN INTERNSHIPS WITH NEWS ORGANIZATION ACROSS THE COUNTRY. THE ORGANIZATION ALSO COVERED TRAVEL COSTS AND PROVIDED FINANCIAL ASSISTANCE TO INTERNS DURING THEIR INTERNSHIPS.
COLLEGE STUDENT SCHOLARSHIPS - THE ORGANIZATION PROVIDED 1,500 SCHOLARSHIPS TO ELIGIBLE COLLEGE STUDENTS WHO PARTICIPATED IN THE INTERNSHIP PROGRAM.
HIGH SCHOOL SUMMER JOURNALISM WORKSHOPS - THE ORGANIZATION PROVIDED FUNDING TO 11 EDUCATIONAL INSTITUTIONS TO HOST SUMMER JOURNALISM WORKSHOPS FOR HIGH SCHOOL STUDENTS. THEY ALSO AWARDED 1,500 SCHOLARSHIPS TO SEVERAL HIGH SCHOOL STUDENTS WHO WON A WRITING COMPETITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Jones President | 1 | $0 | |
Diana Mitsu Klos Secretary | 1 | $0 | |
Paul Schmidt Treasurer | 1 | $0 | |
Lasharah Bunting Director | 1 | $0 | |
Thomas Engleman Director | 1 | $0 | |
Garry D Howard Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $405,990 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $117,629 |
| Total Revenue | $523,619 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $13,698 |
| Printing and publications | $0 |
| Other expenses | $441,929 |
| Total operating and administrative expenses | $477,062 |
| Contributions, gifts, grants paid | $157,000 |
| Total expenses and disbursements | $634,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $479,779 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $479,779 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Dow Jones News Fund Inc has awarded $157,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA SCHOLASTIC PRESS ASSOCIATI PURPOSE: HS JOURNALISM TEACHER OF THE YEAR | $10,000 |
COACHING DETROIT FORWARD INC PURPOSE: HS JOURNALISM WORKSHOP | $6,000 |
NORTHERN ARIZONA UNIVERSITY FDN PURPOSE: HS JOURNALISM WORKSHOP | $6,000 |
FORIDA INTERNATIONAL UNIVERSITY PURPOSE: HS JOURNALISM WORKSHOP | $5,000 |
UNIVERSITY OF ARIZONA FOUNDATION PURPOSE: HS JOURNALISM WORKSHOP | $5,000 |
CALMATTERS PURPOSE: HS JOURNALISM WORKSHOP | $4,500 |