National Newspaper Association Foundation
- Assets
- $375.2k
- Revenue
- $523.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Pensacola, FL
- Founding
- 01/1961
- Data as of
- 12/2021
- EIN
- 52-6054683
Organization Overview
National Newspaper Association Foundation is located in Pensacola, FL. The organization was established in 1961. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Newspaper Association Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS THE EDUCATIONAL ARM OF THE NATIONAL NEWSPAPER ASSOCIATION. ITS MISSION IS TO PROMOTE NEWS LITERACY, AND ENHANCE THE QUALITY, ROLE AND CAPABILITIES OF COMMUNITY NEWSPAPERS AND COMMUNITY JOURNALISTS THROUGH EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTIONS: PROVIDE INFORMATION, SOLUTIONS, AND STRATEGIES ON CURRENT AND EMERGING ISSUES AFFECTING THE BUSINESS INTERESTS OF COMMUNITY NEWSPAPERS; PROMOTE NEW TECHNOLOGIES RELATED TO THE NEWSPAPER INDUSTRY.
ADDITIONAL EXPENSES INCURRED AND REVENUE RECEIVED THROUGH VARIOUS PROGRAM SERVICES
CONTESTS: PROMOTE INTEREST IN COMMUNITY NEWSPAPERS THROUGH CONTESTS.
PUBLISHERS AUX: NEWSPAPER PROVIDING INFORMATION AND IDEAS ON MANAGEMENT, OPERATION AND PRODUCTION OF COMMUNITY NEWSPAPERS AS WELL AS PROVIDING INFORMATION ABOUT PUBLIC POLICY AND OTHER ISSUES AFFECTING COMMUNITY NEWSPAPERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Fishman President | OfficerTrustee | 1 | $0 |
Matt Adelman Vice President | OfficerTrustee | 1 | $0 |
Randy Keck Treasurer | OfficerTrustee | 1 | $0 |
Julie Maglio Director | Trustee | 1 | $0 |
Jeanie Hankins Director | Trustee | 1 | $0 |
Steve Haynes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,594 |
| Investment income | $3,679 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,691 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $523,258 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $138,180 |
| Fees for services: Legal | $8,010 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,178 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31 |
| Office expenses | $965 |
| Information technology | $2,980 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,714 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,694 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,408 |
| All other expenses | $0 |
| Total functional expenses | $382,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,735 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,807 |
| 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 | $5,177 |
| Investments—publicly traded securities | $238,438 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $375,157 |
| Accounts payable and accrued expenses | $4,333 |
| Grants payable | $0 |
| Deferred revenue | $14,950 |
| 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 | $19,283 |
| Net assets without donor restrictions | $305,874 |
| Net assets with donor restrictions | $50,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $355,874 |