Illinois Press Foundation Inc
- Assets
- $2.4m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Springfield, IL
- Founding
- 12/1983
- Data as of
- 12/2023
- EIN
- 37-1139015
Organization Overview
Illinois Press Foundation Inc is located in Springfield, IL. The organization was established in 1983. 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. As of 12/2023, Illinois Press Foundation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Press 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 12/2023, Illinois Press Foundation Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 10.0% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE JOURNALISM IN ILLINOIS AND THROUGHOUT THE COUNTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITOL NEWS ILLINOIS - THE MISSION OF CAPITOL NEWS ILLINOIS PROGRAM IS TO PROVIDE CREDIBLE AND UNBIASED COVERAGE OF STATE GOVERNMENT. CAPITOL NEWS ILLINOIS PROVIDES YEAR-ROUND, DAILY COVERAGE OF THE LEGISLATURE, INCLUDING COMMITTEE HEARINGS; STATE AGENCIES AND ISSUES; STATE OFFICE HOLDERS; AND THE ILLINOIS SUPREME COURT AND LEGAL MATTERS.
PROMOTION OF JOURNALISM, EDUCATION & LITERACY: THE FOUNDATION IS INVOLVED IN THE PROMOTION AND WELFARE OF JOURNALISM. TO ACHIEVE THIS, THE FOUNDATION HOLDS MEETINGS AND SEMINARS FOR ITS MEMBERS, SPONSORS EDUCATIONAL TRAINING AND MENTORING FOR COLLEGE STUDENTS AND PROFESSORS, PROVIDES GRANTS FOR HIGH SCHOOL JOURNALISM PROGRAMS, AND OFFERS COLLEGE SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Reppert President | OfficerTrustee | 3 | $0 |
Jim Slonoff Vice President | OfficerTrustee | 3 | $0 |
Nathan Jones Treasurer | OfficerTrustee | 2 | $0 |
Charles Wheeler Secretary | OfficerTrustee | 2 | $0 |
Jason Piscia Director | Trustee | 1 | $0 |
Julie Boren Director | Trustee | 1 | $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 | $940,148 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $940,148 |
| Total Program Service Revenue | $27,403 |
| Investment income | $46,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,417 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,030,144 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,113 |
| Grants and other assistance to domestic individuals. | $10,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,500 |
| Compensation of current officers, directors, key employees. | $2,487 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $478,990 |
| Pension plan accruals and contributions | $12,089 |
| Other employee benefits | $24,014 |
| Payroll taxes | $46,423 |
| Fees for services: Management | $87,634 |
| Fees for services: Legal | $6,600 |
| Fees for services: Accounting | $10,562 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,000 |
| Fees for services: Investment Management | $5,573 |
| Fees for services: Other | $73,324 |
| Advertising and promotion | $6,205 |
| Office expenses | $19,877 |
| Information technology | $9,275 |
| Royalties | $0 |
| Occupancy | $24,135 |
| Travel | $27,219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,814 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,951 |
| Insurance | $6,882 |
| All other expenses | $0 |
| Total functional expenses | $1,010,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $450,381 |
| Pledges and grants receivable | $25,312 |
| Accounts receivable, net | $0 |
| 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 | $13,596 |
| Net Land, buildings, and equipment | $34,108 |
| Investments—publicly traded securities | $1,494,624 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $404,523 |
| Total assets | $2,422,544 |
| Accounts payable and accrued expenses | $35,540 |
| Grants payable | $0 |
| Deferred revenue | $456,180 |
| 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 | $400,784 |
| Total liabilities | $892,504 |
| Net assets without donor restrictions | $1,406,205 |
| Net assets with donor restrictions | $123,835 |
| 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 | $2,422,544 |
Grants Awarded
Over the last fiscal year, Illinois Press Foundation Inc has awarded $20,444 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EASTERN ILLINOIS UNIVERSITY JOURNALISM DEPARTMENT PURPOSE: JOURNALISM PROGRAM | $10,444 |
CITIZENS ADVOCACY CENTER PURPOSE: CAC WEBSITE AUDITS | $10,000 |