Fund For Investigative Journalism Inc
- Assets
- $1.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 2
- Location
- Washington, DC
- Founding
- 04/1970
- Data as of
- 12/2022
- EIN
- 52-0895081
Organization Overview
Fund For Investigative Journalism Inc is located in Washington, DC. The organization was established in 1970. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Fund For Investigative Journalism Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Investigative Journalism 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 12/2022, Fund For Investigative Journalism Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $708.2k during the year ending 12/2022. While expenses have increased by 10.1% 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 2016, Fund For Investigative Journalism Inc has awarded 81 individual grants totaling $819,249. 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 ORGANIZATION PROVIDES CRITICAL SUPPORT TO INDEPENDENT JOURNALISTS TO INVESTIGATE NEWS STORIES REGARDING CORRUPTION, MALFEASANCE, EXPLOITATION, MISAPPROPRIATION OF FUNDS IN THE PUBLIC AND PRIVATE SECTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1969, THE FUND FOR INVESTIGATIVE JOURNALISM, INC. THE ORGANIZATION IS A NON-PROFIT ORGANIZATION THAT PROVIDES GRANTS AND OTHER SUPPORT TO INDEPENDENT JOURNALISTS AND NEWS ORGANIZATIONS TO PRODUCE HIGH-QUALITY, UNBIASED, NONPARTISAN INVESTIGATIVE STORIES THAT HAVE AN IMPACT. THE ORGANIZATION MAIN SOURCE OF REVENUE ARE CONTRIBUTIONS AND GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Ferrero Secretary/executive Director | OfficerTrustee | 40 | $142,813 |
Bill Marimow President | OfficerTrustee | 0.5 | $0 |
Anu Narayanswamy Vice President | OfficerTrustee | 0.5 | $0 |
Alan Berlow Treasurer | OfficerTrustee | 0.5 | $0 |
Daffodil Altan Member | Trustee | 0.5 | $0 |
Valeria Fernandez Member | 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 | $1,304,431 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,304,431 |
| Total Program Service Revenue | $0 |
| Investment income | $6,401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,490 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,313,322 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $245,027 |
| Grants and other assistance to domestic individuals. | $151,911 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,186 |
| Compensation of current officers, directors, key employees. | $22,822 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,894 |
| Pension plan accruals and contributions | $1,269 |
| Other employee benefits | $10,660 |
| Payroll taxes | $13,850 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,682 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $8,850 |
| Fees for services: Investment Management | $625 |
| Fees for services: Other | $9,697 |
| Advertising and promotion | $201 |
| Office expenses | $5,990 |
| Information technology | $11,881 |
| Royalties | $0 |
| Occupancy | $15,470 |
| Travel | $23,020 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,425 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $773 |
| Insurance | $3,696 |
| All other expenses | $0 |
| Total functional expenses | $708,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $990,730 |
| Savings and temporary cash investments | $39,903 |
| Pledges and grants receivable | $299,445 |
| Accounts receivable, net | $5,787 |
| 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 | $2,909 |
| Net Land, buildings, and equipment | $45 |
| Investments—publicly traded securities | $526,726 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $750 |
| Total assets | $1,866,295 |
| Accounts payable and accrued expenses | $10,727 |
| Grants payable | $207,310 |
| 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 | $218,037 |
| Net assets without donor restrictions | $1,081,904 |
| Net assets with donor restrictions | $566,354 |
| 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 | $1,866,295 |
Grants Awarded
Over the last fiscal year, Fund For Investigative Journalism Inc has awarded $245,453 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CAROLINA PUBLIC PRESS PURPOSE: INVESTIGATIVE JOURNALISM | $11,780 |
CENTER FOR PUBLIC INTEGRITY PURPOSE: INVESTIGATIVE JOURNALISM | $10,000 |
INVESTIGATE WEST PURPOSE: INVESTIGATIVE JOURNALISM | $21,115 |
MISSISIPPI CENTER FOR INVESTIGATIBVE REPORTING PURPOSE: INVESTIGATIVE JOURNALISM | $13,250 |
HONOLULU CIVIL BEAT PURPOSE: INVESTIGATIVE JOURNALISM | $10,000 |
SAN FRANCISCO PUBLIC PRESS PURPOSE: INVESTIGATIVE JOURNALISM | $15,000 |