World Press Institute
- Assets
- $6.0k
- Revenue
- $200.8k
- Investments
- $0.0
- Employees
- 1
- Location
- St Paul, MN
- Founding
- 06/1965
- Data as of
- 05/2023
- EIN
- 41-6044706
Organization Overview
World Press Institute is located in St Paul, MN. The organization was established in 1965. This organization is the central organization for a national or regional group of organizations. World Press Institute 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 05/2023, World Press Institute generated $200.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $403.8k during the year ending 05/2023. 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 AND STRENGTHEN PRESS FREEDOM THROUGHOUT THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE FISCAL YEAR ENDED MAY 31, 2023, 10 FOREIGN JOURNALISTS VISITED THE UNITED STATES IN MARCH, APRIL AND MAY. AFTER SPENDING THREE WEEKS IN THEIR MINNEAPOLIS-ST. PAUL BASE, THE FELLOWS VISITED 8 OTHER CITIES: NEW YORK, WASHINGTON, D.C., CHICAGO, LA, SAN LUIS OBISPO, CA, MIAMI, AUSTIN, SAN FRANCISCO. THEY RETURNED TO MINNEAPOLIS-ST. PAUL FOR ONE WEEK TO CONCLUDE AND DEBRIEF. DURING THEIR FELLOWSHIPS, THE JOURNALISTS ATTENDED SEMINARS AND MET WITH BUSINESS LEADERS, GOVENMENT OFFICIALS, EDUCATORS AND JOURNALISTS.THEY WROTE ARTICLES OR GATHERED INFORMATION FOR STORIES THAT THEIR HOME MEDI OUTLETS -- NEWSPAPERS, TELEVISION OR RADIO STATIONS, AND NEWS WEBSITES -- PUBLISHED OR AIRED. THEY WERE ALSO REQUIRED TO BLOG ON THE WORLD PRESS INSTITUE WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan E Gahlon Chair | OfficerTrustee | 3 | $0 |
Ginny Morris Vice Chair | OfficerTrustee | 3 | $0 |
Lori Johnson Vice Chair | OfficerTrustee | 3 | $0 |
Ron Iori Treasurer | OfficerTrustee | 3 | $0 |
Susan J Albright Secretary | OfficerTrustee | 3 | $0 |
Claude Erbsen Director | Trustee | 2 | $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 | $200,817 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,817 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $200,817 |
| 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. | $80,882 |
| Compensation of current officers, directors, key employees. | $47,720 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,636 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,778 |
| Advertising and promotion | $562 |
| Office expenses | $3,299 |
| Information technology | $4,668 |
| Royalties | $0 |
| Occupancy | $2,191 |
| Travel | $228,875 |
| 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 | $0 |
| Insurance | $2,839 |
| All other expenses | $0 |
| Total functional expenses | $403,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,053 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,935 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,988 |
| Accounts payable and accrued expenses | $8,002 |
| 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 | $8,002 |
| Net assets without donor restrictions | -$2,014 |
| 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 | $5,988 |