Institute For Nonprofit News
- Assets
- $8.6m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 30
- Location
- Beverly Hills, CA
- Founding
- 03/2012
- Data as of
- 12/2022
- EIN
- 27-2614911
Organization Overview
Institute For Nonprofit News is located in Beverly Hills, CA. The organization was established in 2012. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Institute For Nonprofit News employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Nonprofit News 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, Institute For Nonprofit News generated $8.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $6.4m during the year ending 12/2022. While expenses have increased by 13.2% per year over the past 8 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 2014, Institute For Nonprofit News has awarded 294 individual grants totaling $18,239,020. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED AND WILL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING: FOSTERING AND PROMOTING THE HIGHEST QUALITY INVESTIGATIVE AND PUBLIC SERVICE JOURNALISM IN ORDER TO INFORM AND EDUCATE THE PUBLIC BY MEANS OF, AMONG OTHER THINGS, PROVIDING ADMINISTRATIVE, EDITORIAL AND FINANCIAL SUPPORT TO NONPROFIT, TAX-EXEMPT MEMBER NEWS ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTITUTE FOR NONPROFIT NEWS PRIMARY PROGRAMS HAVE BEEN FOCUSED ON HELPING OUR NONPROFIT INVESTIGATIVE AND PUBLIC SERVICE NEWS ORGANIZATIONS PRODUCE AND DISTRIBUTE STORIES WITH IMPACT TO THE GENERAL PUBLIC. THE ULTIMATE GOAL OF INSTITUTE FOR NONPROFIT NEWS' PROGRAMS IS TO FURTHER A FREE DEMOCRACY BY EDUCATING CITIZENS AND COMMUNITIES. DURING THE YEAR, INSTITUTE FOR NONPROFIT NEWS DEVELOPED AND DISSEMINATED VALUABLE RESOURCES PROMOTING INVESTIGATIVE, PUBLIC INTEREST AND EDUCATIONAL REPORTING; CONDUCTED MULTIPLE TRAINING SEMINARS; AND MORE GENERALLY HELPED DISTRIBUTE INVESTIGATIVE NEWS CONTENT ON A GLOBAL SCALE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Parker Chair | OfficerTrustee | 10 | $0 |
Bruce Theriault Treasurer | OfficerTrustee | 10 | $0 |
Ron Smith Secretary | OfficerTrustee | 5 | $0 |
Sheila Krumholz Director | Trustee | 5 | $0 |
Kyra Kyles Director | Trustee | 5 | $0 |
Valeria Fernandez Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $182,505 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,553,860 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,736,365 |
| Total Program Service Revenue | $0 |
| Investment income | $37,823 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,034 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,202,036 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,691,560 |
| 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. | $1,546,594 |
| Compensation of current officers, directors, key employees. | $180,845 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $685,764 |
| Pension plan accruals and contributions | $32,171 |
| Other employee benefits | $0 |
| Payroll taxes | $172,684 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $739,352 |
| Advertising and promotion | $13,899 |
| Office expenses | $5,750 |
| Information technology | $83,746 |
| Royalties | $0 |
| Occupancy | $1,591 |
| Travel | $60,392 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $179,108 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,401 |
| Insurance | $11,235 |
| All other expenses | $18,144 |
| Total functional expenses | $6,442,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,097,649 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $286,581 |
| 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 | $152,457 |
| Net Land, buildings, and equipment | $17,608 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $35,889 |
| Other assets | $0 |
| Total assets | $8,590,184 |
| Accounts payable and accrued expenses | $201,896 |
| Grants payable | $0 |
| Deferred revenue | $90,550 |
| 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 | $292,446 |
| Net assets without donor restrictions | $3,019,471 |
| Net assets with donor restrictions | $5,278,267 |
| 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 | $8,590,184 |
Grants Awarded
Over the last fiscal year, Institute For Nonprofit News has awarded $2,598,202 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGIA NEWS LABINC - DEPT OF COMMUNICATION GA STATE UNIVERSITY PURPOSE: ORGANIZATION IS A FISCAL SPONSOR | $22,770 |
OPEN CAMPUS MEDIA INC PURPOSE: ORGANIZATION IS A FISCAL SPONSOR | $1,534,969 |
SOLITARY WATCH PURPOSE: ORGANIZATION IS A FISCAL SPONSOR | $51,741 |
VOICES OF MONTEREY BAY PURPOSE: ORGANIZATION IS A FISCAL SPONSOR | $45,538 |
FEET IN 2 WORLDS PURPOSE: ORGANIZATION IS A FISCAL SPONSOR | $199,127 |
PUBLIC SQUARE PURPOSE: ORGANIZATION IS A FISCAL SPONSOR | $8,964 |