News Leaders Association Foundation Inc
- Assets
- $2.5m
- Revenue
- $462.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, MO
- Founding
- 08/1982
- Data as of
- 12/2021
- EIN
- 23-9935413
Organization Overview
News Leaders Association Foundation Inc is located in Columbia, MO. The organization was established in 1982. 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. News Leaders Association 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 12/2021, News Leaders Association Foundation Inc generated $462.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $336.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.2%) 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
THE NLA FOUNDATION WORKS TO RAISE CHARITABLE DONATIONS IN SUPPORT OF NLA AND ITS VITAL COMMITMENT TO LEADING AMERICA'S NEWSROOMS. SINCE ITS ESTABLISHMENT IN 1979, THE FOUNDATION HAS RAISED AND EXPENDED MILLIONS OF DOLLARS IN SUPPORT OF NLA PROJECTS AND INITIATIVES AND TO STIMULATE NEW THINKING IN AREAS CRITICALLY IMPORTANT TO EDITORS AND THE NEWS INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINORITY LEADERSHIP INSTITUTE: NOW CALLED THE EMERGING LEADERS INSTITUTE, THIS PROGRAM NLA PROMOTES NEWSROOM LEADERSHIP BY OFFERING VALUABLE TRAINING TO EDITORS, SUCH AS THE EMERGING LEADERS INSTITUTE. THE INSTITUTE LAUNCHED IN 2012 WITH THE GOAL OF TRAINING MINORITY JOURNALISTS TO BECOME LEADERS IN THEIR ORGANIZATIONS AND IN THE INDUSTRY. THE PROGRAM IS TAILORED TO ADDRESS THE MOST PRESSING ISSUES FOR LEADERS AND THE SKILLS NEEDED TO LEAD AND DRIVE CHANGE. TOPICS COVERED IN EACH TWO-DAY INSTITUTE INCLUDE GOAL SETTING, FINANCE, STRATEGY, LEADERSHIP STYLE, DRIVING DIVERSITY, TECHNOLOGY AND INNOVATION. NLA HAS ORGANIZED 17 INSTITUTES SINCE 2012, TRAINING MORE THAN 300 NEWS LEADERS.
NLAF USED THE CONTRACT SERVICES OF DIVERSITY RESEARCHER DR. MEREDITH CLARK TO CREATE AND CONDUCT THE ANNUAL DIVERSITY SURVEY TO BE THE PROJECT MANAGER. NLAF RECEIVED A $100,000 GRANT FROM GOOGLE NEWS INITIATIVE TO COVER HIRING A PROJECT MANAGER DANA AMIHERE AND COVER MARKETING AND OTHER COSTS FOR THE SURVEY IN 2021.
THE NLA AWARDS HONOR THE BEST IN NEWSROOM LEADERSHIP, DIVERSITY LEADERSHIP AND PROTECTION OF A FREE PRESS IN 11 CATEGORIES. THE PRIZE MONEY FOR EACH AWARD COMES FROM SPONSORSHIPS BY DIFFERENT NEWS ORGANIZATIONS AND FOUNDATIONS.
THE FOUNDATION INCURRED EXPENSES AND MADE GRANTS RELATED TO FREEDOM OF INFORMATION INITIATIVES AND FIRST AMENDMENT AWARENESS AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frances Skennion Past Executive Director | Officer | 40 | $120,258 |
Myriam Marquez Executive Director | Officer | 40 | $73,125 |
Mizell Stewart III President | OfficerTrustee | 1 | $0 |
George Stanley Vice President | OfficerTrustee | 0.5 | $0 |
David Boardman Director | Trustee | 0.5 | $0 |
Pam Fine Director | Trustee | 0.5 | $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 | $161,638 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $161,638 |
| Total Program Service Revenue | $6,945 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $39,355 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $254,580 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $462,518 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $30,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $137,824 |
| Compensation of current officers, directors, key employees. | $137,824 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,005 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,628 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $896 |
| Fees for services: Accounting | $8,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,059 |
| Fees for services: Other | $115,391 |
| Advertising and promotion | $0 |
| Office expenses | $5,900 |
| 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 | $772 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $336,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,372 |
| 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 | $453,987 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,642,991 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $272,878 |
| Total assets | $2,475,228 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,670,128 |
| Net assets with donor restrictions | $805,100 |
| 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 | $2,475,228 |
Grants Awarded
Over the last fiscal year, News Leaders Association Foundation Inc has awarded $458,268 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: SUPPORT FOR HIGH SCHOOL JOURNALISM INSTITUTES | $117,633 |
ARIZONA STATE UNIVERSITY PURPOSE: SUPPORT FOR HIGH SCHOOL JOURNALISM INSTITUTES | $107,412 |
Kent, OH PURPOSE: SUPPORT FOR HIGH SCHOOL JOURNALISM INSTITUTES | $89,500 |
UNIVERSITY OF MISSOURI PURPOSE: SUPPORT FOR HIGH SCHOOL JOURNALISM INSTITUTES | $88,500 |
Columbia, MO PURPOSE: SUPPORT FOR ORGANIZATION OPERATIONS | $55,223 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that News Leaders Association Foundation Inc has recieved totaling $206.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $206 |
Endowment Analysis
| Beg. Balance | $1,657,306 |
| Earnings | $170,419 |
| Admin Expense | $15,488 |
| Ending Balance | $1,812,237 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association For Print Technologies Inc Franklin, TN | $5,247,559 | $1,238,108 |
American Choral Directors Oklahoma City, OK | $6,300,966 | $4,541,805 |
National Society Of Genetic Counselors Inc Chicago, IL | $6,031,708 | $4,172,256 |
International Association Of Business Communicators Chicago, IL | $856,866 | $2,406,715 |
Nashville Songwriters Association Intl Nashville, TN | $2,574,384 | $2,060,985 |
Maywood Fine Arts Association Maywood, IL | $3,515,801 | $1,414,903 |
Embroiderers Guild Of America Inc Louisville, KY | $3,586,074 | $656,475 |
Aia Illinois Springfield, IL | $1,612,355 | $821,664 |
American Institute Of Architects Iowa Chapter Des Moines, IA | $644,510 | $840,997 |
Luminarts Cultural Foundation At The Union League Club Of Chicago Chicago, IL | $2,688,483 | $1,017,926 |
American Association Of Teachers Of French Marion, IL | $5,084,375 | $658,211 |
American Institute Of Architects Kansas City, MO | $675,522 | $664,208 |