National Press Foundation Inc
- Assets
- $6.9m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Washington, DC
- Founding
- 01/1977
- Data as of
- 12/2023
- EIN
- 52-1069481
Organization Overview
National Press Foundation Inc is located in Washington, DC. The organization was established in 1977. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, National Press Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National 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, National Press Foundation Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, National Press Foundation Inc has awarded 16 individual grants totaling $107,333. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE JOURNALISTS KNOWLEDGE OF COMPLEX ISSUES TO IMPROVE PUBLIC UNDERSTANDING AND TO ENCOURAGE EXCELLENCE IN JOURNALISM THROUGH AWARDS AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRIME COVERAGE SUMMIT: IN PARTNERSHIP WITH RTDNA CONVENED 79 TV NEWS DIRECTORS AND EXECUTIVES FOR A CRIME COVERAGE SUMMIT IN SAN DIEGO. TRAINING FEATURED EXPERT SPEAKERS WHO TACKLED RACIAL BIAS, BUSINESS PRESSURES, SOLUTIONS-ORIENTED APPROACHES TO COVERAGE, JOURNALISM ETHICS AND STAFF SUPPORT, AS WELL AS GROWING POLICE DEPARTMENT RESTRICTIONS ON NEWSGATHERING.
OTHER PROGRAM EXPENSES
FUTURE OF THE AMERICAN CHILD FELLOWSHIPS: HELD TWO TRAININGS TO PROVIDE JOURNALISTS WITH THE CONTEXTUAL DEPTH AND SOURCES NEEDED TO AMPLIFY KEY CHALLENGES FOR AMERICAN CHILDREN. THE FIRST TRAINING TOOK PLACE IN MCALLEN, TEXAS DUE TO ITS LOCATION ON THE U.S.-MEXICO BORDER WHERE JOURNALISTS HEARD FROM EXPERTS ON IMMIGRANT POLICY AND TOURED THE CATHOLIC CHARITIES RIO GRANDE VALLEY HUMANITARIAN RESPITE CENTER. THE SECOND TRAINING WAS HELD IN CLEVELAND, OHIO, AND FOCUSED ON CHILDRENS HEALTH, FEATURING EXPERTS FROM THE CLEVELAND CLINIC AND INCLUDING A TOUR OF THE AHUJA CENTER FOR WOMEN AND CHILDREN.
INTERNATIONAL TRADE COVERAGE FELLOWSHIP: GATHERED 24 JOURNALISTS FROM 14 NATIONS ACROSS ASIA FOR A TRAINING ON REPORTING ON INTERNATIONAL TRADE IN SINGAPORE. SESSIONS FEATURED EXPERTS ON BUSINESS, ECONOMICS, GEOPOLITICS, AND TECHNOLOGY, AND INCLUDED A FIELD TRIP TO THE PORT OF SINGAPORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Godlasky President | Officer | 40 | $148,592 |
Rachel Jones Director Of Jouralism Initiative | 40 | $117,733 | |
Tom Rosensteil Director | Trustee | 0.3 | $0 |
James Brady Director | Trustee | 0.3 | $0 |
Sam Fulwood III Director | Trustee | 0.3 | $0 |
Peter Cherukuri Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $322,871 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $994,533 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,317,404 |
| Total Program Service Revenue | $0 |
| Investment income | $90,878 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $335,106 |
| Net Income from Fundraising Events | -$213,572 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,535,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,000 |
| Grants and other assistance to domestic individuals. | $68,718 |
| Grants and other assistance to Foreign Orgs/Individuals | $45,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $171,678 |
| Compensation of current officers, directors, key employees. | $22,385 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $532,805 |
| Pension plan accruals and contributions | $28,110 |
| Other employee benefits | $75,305 |
| Payroll taxes | $53,454 |
| 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 | $36,238 |
| Fees for services: Other | $80,251 |
| Advertising and promotion | $0 |
| Office expenses | $22,168 |
| Information technology | $45,942 |
| Royalties | $0 |
| Occupancy | $152,960 |
| Travel | $155,459 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $440,446 |
| Interest | $398 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,908 |
| Insurance | $9,000 |
| All other expenses | $0 |
| Total functional expenses | $2,008,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,748 |
| Savings and temporary cash investments | $1,013,654 |
| Pledges and grants receivable | $222,000 |
| 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 | $59,100 |
| Net Land, buildings, and equipment | $44,064 |
| Investments—publicly traded securities | $5,210,277 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $220,029 |
| Total assets | $6,866,872 |
| Accounts payable and accrued expenses | $49,636 |
| Grants payable | $0 |
| Deferred revenue | $16,810 |
| 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 | $315,199 |
| Total liabilities | $381,645 |
| Net assets without donor restrictions | $3,564,575 |
| Net assets with donor restrictions | $2,920,652 |
| 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 | $6,866,872 |
Grants Awarded
Over the last fiscal year, National Press Foundation Inc has awarded $53,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE BUREAU FOR INTERNATIONAL REPORTING INC PURPOSE: Environmental Reporting | $20,000 |
SIJ HOLDINGS LLC (DBA MCCLATCHY SHARED SERVICES LLC) PURPOSE: Environmental Reporting | $15,500 |
SUTTON IMPACT STUDIO INC PURPOSE: Editorial Cartooning | $2,500 |
STATES NEWSROOM PURPOSE: Environmental Reporting | $15,000 |