South Carolina Press Association
- Assets
- $1.3m
- Revenue
- $508.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 09/1972
- Data as of
- 09/2023
- EIN
- 23-7164859
Organization Overview
South Carolina Press Association is located in Columbia, SC. The organization was established in 1972. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Carolina Press 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 09/2023, South Carolina Press Association generated $508.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $258.8k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE NEWSPAPER PROFESSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETINGS AND CONFERENCES - ANNUAL MEETING AND AD AND CIRCULATION CONFERENCES WERE HELD FOR THE PRESENTATION OF AWARDS AND FOR OTHER EDUCATIONAL PURPOSES.
OTHER MEMBER SERVICES - INCLUDING LOBBYING, LEGAL EXPENSES, COMMITTEE EXPENSE, ETC.
WORKSHOPS DESIGNED FOR EDUCATIONAL PURPOSES WITH APPROXIMATELY 100-200 ATTENDEES.
DIRECTORY/BULLETINS - APPROXIMATELY 900 BULLETINS EMAILED WEEKLY AND ANNUAL DIRECTORY FOR THE BENEFIT OF THE ORGANIZATION'S MEMBERS (TOTAL CIRCULATION APPROXIMATELY 800)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall L Savely Co-Exec. Dir | Officer | 40 | $0 |
Jen Madden Co-Exec. Dir | Officer | 40 | $0 |
Richard Whiting President | OfficerTrustee | 1 | $0 |
Hal Welch VP - Dailies | OfficerTrustee | 1 | $0 |
Nathaniel Abraham Jr VP - Weeklie | OfficerTrustee | 1 | $0 |
Barbara Ball Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $116,704 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $366,704 |
| Total Program Service Revenue | $117,170 |
| Investment income | $24,045 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $803 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $508,722 |
| 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. | $56,553 |
| Compensation of current officers, directors, key employees. | $22,621 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,437 |
| Pension plan accruals and contributions | $2,057 |
| Other employee benefits | $1,850 |
| Payroll taxes | $7,510 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,700 |
| Fees for services: Accounting | $3,889 |
| Fees for services: Lobbying | $38,504 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,863 |
| Information technology | $6,206 |
| Royalties | $0 |
| Occupancy | $10,528 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,057 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,740 |
| Insurance | $0 |
| All other expenses | $12,152 |
| Total functional expenses | $258,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,286 |
| Savings and temporary cash investments | $317,197 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,709 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $137,486 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,167 |
| Net Land, buildings, and equipment | $6,470 |
| Investments—publicly traded securities | $208,162 |
| Investments—other securities | $0 |
| Investments—program-related | $447,323 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,276,800 |
| Accounts payable and accrued expenses | $15,182 |
| Grants payable | $0 |
| Deferred revenue | $2,628 |
| 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 | $17,680 |
| Total liabilities | $35,490 |
| Net assets without donor restrictions | $1,241,310 |
| 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 | $1,276,800 |