Pennsylvania Newsmedia Association
- Assets
- $5.9m
- Revenue
- $573.4k
- Investments
- $1.7m
- Employees
- 0
- Location
- Harrisburg, PA
- Founding
- 09/1944
- Data as of
- 12/2021
- EIN
- 23-0959460
Organization Overview
Pennsylvania Newsmedia Association is located in Harrisburg, PA. The organization was established in 1944. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennsylvania Newsmedia Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Pennsylvania Newsmedia Association generated $573.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $650.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRADE ASSOCIATION TO ADVANCE THE BUSINESS INTERESTS OF PENNSYLVANIA NEWS MEDIA ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A FORUM FOR THE EXCHANGE OF INFORMATION AND IDEAS IN ORDER TO FURTHER THE QUALITY AND PROFITABILITY OF THE STATE'S NEWS MEDIA INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph G Wingert Immediate Past Chariman | OfficerTrustee | 2 | $0 |
Harry Hartman Chairman | OfficerTrustee | 2 | $0 |
Bradford Simpson President | OfficerTrustee | 25 | $0 |
Jennifer L Bertetto Vice Chairman | OfficerTrustee | 2 | $0 |
Fred Scheller Chairman-Elect | OfficerTrustee | 2 | $0 |
Bob Geiger Secretary/treasurer | OfficerTrustee | 2 | $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 | $10,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,200 |
| Total Program Service Revenue | $278,245 |
| Investment income | $62,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $111,384 |
| Net Gain/Loss on Asset Sales | $36,159 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $573,386 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $474,666 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $106,728 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,111 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $198 |
| 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 | $7,170 |
| Insurance | $3,911 |
| All other expenses | $3,051 |
| Total functional expenses | $650,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,056 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109,757 |
| 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 | $37,394 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,689,091 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,862,205 |
| Total assets | $5,861,503 |
| Accounts payable and accrued expenses | $494,707 |
| Grants payable | $0 |
| Deferred revenue | $28,934 |
| 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 | $0 |
| Total liabilities | $523,641 |
| Net assets without donor restrictions | $5,337,862 |
| 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 | $5,861,503 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pennsylvania Newsmedia Association has recieved totaling $1,192.
| Awarding Organization | Amount |
|---|---|
Franklin Square Capital Partners Foundation Philadelphia, PA PURPOSE: GENERAL SUPPORT | $1,192 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Council Of Learned Societies New York, NY | $199,575,071 | $37,439,846 |
Advertising Research Foundation Inc New York, NY | $7,084,927 | $8,623,968 |
The International Coalition Of Historic Ite Museums Of Conscience New York, NY | $2,572,354 | $8,768,933 |
Theatre Communications Group Inc New York, NY | $7,458,021 | $6,461,267 |
The Broadway League Inc New York, NY | $17,394,373 | $2,874,492 |
American Symphony Orchestra League New York, NY | $11,789,942 | $6,931,089 |
Video Advertising Bureau Inc New York, NY | $5,863,677 | $6,614,761 |
Opera America Inc New York, NY | $21,495,082 | $5,690,929 |
American Institute Of Graphic Arts New York, NY | $6,026,446 | $3,684,558 |
Educational Theatre Association Cincinnati, OH | $4,547,140 | $4,060,084 |
American Numismatic Society New York, NY | $59,393,840 | $7,804,427 |
College Art Association Of America Inc New York, NY | $11,184,804 | $5,238,547 |