Southern Newspaper Publishers Assn Foundation Inc
- Assets
- $9.6m
- Revenue
- $1.0m
- Investments
- $9.0m
- Employees
- 4
- Location
- Chicago, IL
- Founding
- 12/1967
- Data as of
- 12/2022
- EIN
- 58-6066932
Organization Overview
Southern Newspaper Publishers Assn Foundation Inc is located in Chicago, IL. The organization was established in 1967. 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 12/2022, Southern Newspaper Publishers Assn Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Newspaper Publishers Assn 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 12/2022, Southern Newspaper Publishers Assn Foundation Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $602.1k during the year ending 12/2022. While expenses have increased by 12.0% per year over the past 4 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 2021, Southern Newspaper Publishers Assn Foundation Inc has awarded 15 individual grants totaling $1,062,433. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE NEWSPAPER EMPLOYEES, PROMOTE LITERACY AND DIVERSITY, ENDORSE JOURNALISTIC ETHICS, CHAMPION FIRST AMENDMENT VALUES AND ENCOURAGE NEW IDEAS TO MEET THE CHANGING NEEDS OF THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SEMINARS AND WORKSHOPS FOR NEWSPAPER INDUSTRY INCLUDING TRAVELLING CAMPUS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Browning Chair | 1 | $0 | |
David Dunn-Rankin Vice Chair | 1 | $0 | |
David Woronoff Treasurer | 1 | $0 | |
Edward Vanhorn Secretary | 1 | $25,000 | |
Patrick Dorsey Trustee | 1 | $0 | |
Eliza Hussman Gaines Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $250,653 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $764,578 |
| Capital Gain Net Income | $764,578 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,015,231 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,861 |
| Depreciation | $0 |
| Occupancy | $1,242 |
| Travel, conferences, and meetings | $207 |
| Printing and publications | $0 |
| Other expenses | $4,418 |
| Total operating and administrative expenses | $97,294 |
| Contributions, gifts, grants paid | $504,787 |
| Total expenses and disbursements | $602,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,495 |
| Savings and temporary cash investments | $533,003 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,035 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,490,070 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,618,633 |
| Accounts payable and accrued expenses | $12,199 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,199 |
Grants Awarded
Over the last fiscal year, Southern Newspaper Publishers Assn Foundation Inc has awarded $504,787 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICA'S NEWSPAPERS PURPOSE: PROVIDE SUPPORT FOR EDUCATIONAL SEMINARS AND WORKSHOPS FOR THE NEWSPAPER INDUSTRY. | $414,037 |
ASSOCIATION OF LGBTQ JOURNALIST PURPOSE: FUND CREATION OF THE FIRST SOUTHERN MEDIA CAUCUS AT ITS NATIONAL CONVENTION | $5,000 |
FLORDIA PRESS ASSOCIATION PURPOSE: ELEVATE YOUR CONNECTIONS - TO ELEVATE AWARENESS OF NEWSPAPERS AS A GREAT PLACE TO START SALES CAREERS AND TO CREATE A PIPELINE OF SALES TALENT FOR NEWSPAPER MEDIA COMPANIES LOOKING FOR QUALITY SALES REPS OR MEDIA CONSULTANTS. | $30,750 |
KENTUCKY PRESS ASSOCIATION PURPOSE: KEEP COMMUNITIES CONNECTED PROJECT | $12,500 |
MDDC PRESS FOUNDATION PURPOSE: JOURNALISM INTERN PROGRAM TO PROVIDE WRAPAROUND SUPPORT OF MENTORS, COACHES, AND ONGOING TRAINING FOR PARTICIPANTS IN ITS INTERNSHIP PROGRAM, WHICH PLACES COLLEGE JOURNALISTS IN MDDC MEMBER NEWSROOMS FOR EIGHT-WEEK PAID SUMMER INTERNSHIPS. | $5,000 |
NORTHWESTERN UNIVERSITY - MEDILL SCHOOL PURPOSE: STATE OF LOCAL NEWS PROJECT | $25,000 |