Society Of American Business Editors And Writers
- Assets
- $578.3k
- Revenue
- $406.6k
- Investments
- $330.7k
- Employees
- 5
- Location
- Phoenix, AZ
- Founding
- 06/1993
- Data as of
- 12/2023
- EIN
- 36-3297751
Organization Overview
Society Of American Business Editors And Writers is located in Phoenix, AZ. The organization was established in 1993. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Society Of American Business Editors And Writers employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of American Business Editors And Writers 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 12/2023, Society Of American Business Editors And Writers generated $406.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $488.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MEMBERS OF THE SOCIETY FOR ADVANCING BUSINESS EDITING AND WRITING (SABEW) BAND TOGETHER IN THE INDIVIDUAL AND COLLECTIVE PURSUIT OF THE HIGHEST STANDARDS OF ECONOMIC JOURNALISM. IT IS SABEW'S MISSION AS AN INDEPENDENT, NON-PROFIT ORGANIZATION TO ENCOURAGE COMPREHENSIVE REPORTING OF ECONOMIC EVENTS WITHOUT FEAR OR FAVORITISM AND TO INCREASE MEMBERS' SKILLS AND KNOWLEDGE THROUGH CONTINUOUS EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERS OF SABEW BAND TOGETHER IN THE INDIVIDUAL AND COLLECTIVE PURSUIT OF THE HIGHEST STANDARDS OF ECONOMIC JOURNALISM. THE ORGANIZATION RECOGNIZES THAT ECONOMIC FREEDOM IS INEXTRICABLY LINKED TO POLITICAL FREEDOM AND THAT AN INFORMED CITIZENRY CAN ENSURE THESE FREEDOMS ARE SUSTAINED. IT IS SABEW'S MISSION AS AN INDEPENDENT NON-PROFIT ORGANIZATION TO ENCOURAGE COMPREHENSIVE REPORTING OF ECONOMIC EVENTS WITHOUT FEAR OR FAVORITISM AND TO INCREASE MEMBERS SKILLS AND KNOWLEDGE THROUGH CONTINUOUS EDUCATION. SABEW RECENTLY HAS BECOME MORE FOCUSED ON PRESS FREEDOM. TO THAT END, IT HAS ISSUED STATEMENTS AND CREATED EVENTS AND TRAINING HIGHLIGHTING THE IMPORTANCE OF JOURNALISM, INCLUDING THE PRINCIPAL THAT FACT-BASED REPORTING IS NECESSARY FOR THE HEALTH OF ROBUST DEMOCRACIES. SABEW ADVOCATES FOR FULL ACCESS TO FINANCIAL AND ECONOMIC DATA, INCLUDING INFORMATION COLLECTED AND DISTRIBUTED BY GOVERNMENTS. SABEW ALSO HOLDS AN ANNUAL BEST IN BUSINESS AWARDS COMPETITION, RECOGNIZING OUTSTANDING JOURNALISM CONDUCTED IN THE US AND ABROAD AMONG PROFESSIONALS AND STUDENTS.
WALTER & KARLA GOLDSCHMIDT FOUNDATION FUNDS TWO PROGRAMS. THE FRED ADVANCED DATA TRAINING WORKSHOP FELLOWS HAVE THE OPPORTUNITY TO VISIT THE FEDERAL RESERVE BANK OF ST. LOUIS TO LEARN ABOUT ECONOMIC DATA; DISCOVER HOW TO GRAPH DIFFERING TYPES OF FRED DATA; LEARN ABOUT NEW DATA RELEASES; EXPLORE DATA AND SPECIAL REPORTS THAT CAN HELP YOU CREATE NEW STORIES; HEAR FROM SPEAKERS WHO WILL DISCUSS HOW THEY TAKE THE PULSE OF THE AMERICAN ECONOMY, FEED THAT INFORMATION TO THE FEDERAL OPEN MARKET COMMITTEE (FOMC) AND INFLUENCE INTEREST RATE DECISIONS.THE GOLDSCHMIDT FELLOWSHIP FIVE-DAY DATA IMMERSION WORKSHOP FELLOWS WILL INTERACT WITH REPRESENTATIVES FROM GOVERNMENTAL AND NON-GOVERNMENTAL AGENCIES THAT PRODUCE THE DATA THAT BUSINESS JOURNALISTS USE EVERY DAY. THESE SESSIONS EXPAND THE JOURNALISTS' KNOWLEDGE OF ECONOMIC DATA WHILE HELPING GOVERNMENT AGENCIES BETTER TAILOR THAT DATA TO INFORM THE PUBLIC.
NATIONAL ENDOWMENT FOR FINANCIAL EDUCATION (NEFE)STUDENTS WHO WRITE FOR THE COLLEGE CONNECT BLOG DESCRIBE THEIR OWN EXPERIENCES HANDLING AND MANAGING MONEY AND CREDIT. THIS PERSONAL FINANCE BLOG PROJECT IS FUNDED BY DENVER-BASED NATIONAL ENDOWMENT FOR FINANCIAL EDUCATION (NEFE).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Desiree Hanford President | OfficerTrustee | 5 | $0 |
James B Nelson Vice-President | OfficerTrustee | 5 | $0 |
Pia Sarkar Secretary/treasurer | OfficerTrustee | 5 | $0 |
Rebecca Baker Director | Trustee | 5 | $0 |
Robert Barba Director | Trustee | 5 | $0 |
Rich Barbieri Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $55,215 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,766 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,981 |
| Total Program Service Revenue | $254,848 |
| Investment income | $14,199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $406,578 |
| 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. | $105,124 |
| Compensation of current officers, directors, key employees. | $73,587 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,643 |
| Pension plan accruals and contributions | $4,476 |
| Other employee benefits | $19,479 |
| Payroll taxes | $16,231 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $197 |
| Fees for services: Accounting | $57,428 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,226 |
| Advertising and promotion | $1,467 |
| Office expenses | $4,455 |
| Information technology | $8,450 |
| Royalties | $0 |
| Occupancy | $834 |
| Travel | $16,596 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,064 |
| Interest | $4,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,027 |
| Insurance | $3,787 |
| All other expenses | $263 |
| Total functional expenses | $488,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,363 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,955 |
| 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 | $4,287 |
| Net Land, buildings, and equipment | $14,997 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $330,698 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $578,300 |
| Accounts payable and accrued expenses | $5,914 |
| Grants payable | $0 |
| Deferred revenue | $24,260 |
| 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 | $147,302 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $177,476 |
| Net assets without donor restrictions | $341,803 |
| Net assets with donor restrictions | $59,021 |
| 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 | $578,300 |