New Jersey Press Foundation Inc
- Assets
- $1.9m
- Revenue
- $62.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Ewing, NJ
- Founding
- 04/1963
- Data as of
- 12/2022
- EIN
- 22-6071765
Organization Overview
New Jersey Press Foundation Inc is located in Ewing, NJ. The organization was established in 1963. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Press Foundation 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 12/2022, New Jersey Press Foundation Inc generated $62.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $156.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIGNIFICANT PROGRAMS INCLUDE JOURNALISM INTERNSHIPS, SCHOLARSHIPS, NEWSPAPERS IN EDUCATION AND ADMINISTRATION OF THE NJ COLLEGIATE SUMMER INTERNSHIPS & SCHOLARSHIPS - FOR COLLEGIATE JOURNALISTS THROUGH A COMPETITIVE - SELECTION PROCESS. NJPF PROVIDES PAID-INTERNSHIP & SCHOLARSHIP OPPORTUNITIES ANNUALLY TO 4-5 NJ COLLEGIATE JOURNALISTS ATTENDING SCHOOL IN-STATE OR OUT-OF-STATE. NEWSPAPERS IN EDUATION - NJPF PROVIDES NEWSPAPERS TO NJ SCHOOL CLASSROOMS STATEWIDE TO PROMOTE YOUTH READERSHIP & THE ACTIVE USE OF NEWSPAPERS AS A VALUABLE TEACHING TOOL IN CLASSROOMS (GRADES 4-12).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Murray Chairman | OfficerTrustee | 1 | $0 |
Mark Blum Acting Treasurer | OfficerTrustee | 1 | $9,000 |
Paul D'ambriso President | OfficerTrustee | 1 | $0 |
Brett Ainsworth 1st VP | OfficerTrustee | 1 | $0 |
Ron Morano Trustee | Trustee | 1 | $0 |
John J O'brien Trustee | Trustee | 1 | $0 |
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 | $8,449 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,449 |
| Total Program Service Revenue | $0 |
| Investment income | $26,334 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,716 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,499 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,005 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,732 |
| Payroll taxes | $3,572 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,428 |
| Fees for services: Accounting | $8,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,565 |
| Fees for services: Other | $2,627 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $156,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $781 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $72,549 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,400 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,795,360 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,871,090 |
| Accounts payable and accrued expenses | $2,040 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $13,260 |
| Total liabilities | $15,300 |
| Net assets without donor restrictions | $955,474 |
| Net assets with donor restrictions | $900,316 |
| 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 | $1,871,090 |