Southern Newspaper Publishers Assn Foundation Inc
- Assets
- $11.9m
- Revenue
- $444.2k
- Investments
- $11.6m
- Employees
- 4
- Location
- Chicago, IL
- Founding
- 12/1967
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Southern Newspaper Publishers Assn Foundation Inc generated $444.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $649.0k during the year ending 12/2021. While expenses have increased by 7.6% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
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 |
|---|---|---|---|
Edward Vanhorn Secretary | 1 | $25,000 | |
Pamela Browning Chair | 1 | $0 | |
David Dunn-Rankin Vice Chair | 1 | $0 | |
Charles Hill Morris Treasurer | 1 | $0 | |
Patrick Dorsey Trustee | 1 | $0 | |
Les High Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $170,092 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $274,146 |
| Capital Gain Net Income | $274,146 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $444,238 |
| 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 | $0 |
| Depreciation | $0 |
| Occupancy | $1,243 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,477 |
| Total operating and administrative expenses | $91,339 |
| Contributions, gifts, grants paid | $557,646 |
| Total expenses and disbursements | $648,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,636 |
| Savings and temporary cash investments | $168,192 |
| 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 | $1,065 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,617,176 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,881,069 |
| Accounts payable and accrued expenses | $14,736 |
| 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 | $14,736 |
Grants Awarded
Over the last fiscal year, Southern Newspaper Publishers Assn Foundation Inc has awarded $557,646 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Lawrenceville, GA PURPOSE: PROVIDE SUPPORT FOR EDUCATIONAL SEMINARS AND WORKSHOPS FOR THE NEWSPAPER INDUSTRY. | $403,496 |
Lake Mary, FL PURPOSE: ELEVATE YOUR PITCH PROGRAM | $40,750 |
Lake Mary, FL PURPOSE: LEADERSHIP, CONVERSATION, CAPSTONE | $25,900 |
LOCAL MEDIA FOUNDATION PURPOSE: WORD IN BLACK | $25,000 |
MPA EDUCATIONAL FOUNDATION PURPOSE: PROVIDE SUPPORT FOR RELEVANCE PROJECT | $25,000 |
FLORDIA PRESS FOUNDATION PURPOSE: PROVIDE SUPPORT FOR FUTURE INDUSTRY DEVELOPMENT PROGRAM | $25,000 |
Endowment Analysis
| Beg. Balance | $9,019,920 |
| Earnings | $1,577,831 |
| Other Expense | $286,563 |
| Ending Balance | $10,311,188 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Printing House For The Blind Inc Louisville, KY | $180,982,979 | $23,623,768 |
Greater Education Opportunities Foundation Indianapolis, IN | $17,673,440 | $7,674,537 |
The Center For Economic Research And Social Change Inc Chicago, IL | $10,561,395 | $6,102,602 |
Life Christian Outreach Inc Columbia, MO | $987,065 | $3,533,207 |
The Christian Century Chicago, IL | $17,596,828 | $3,273,341 |
Investigative Reporters And Editors Inc Columbia, MO | $8,372,941 | $3,252,818 |
Midwest Political Science Association Bloomington, IN | $7,512,584 | $2,303,181 |
Growing Community Media Nfp Oak Park, IL | $1,136,740 | $1,810,239 |
Rod & Staff Publishers Inc Crockett, KY | $12,819,778 | $1,848,923 |
Cedille Chicago Nfp Chicago, IL | $9,252,779 | $1,449,691 |
Wcij Inc Madison, WI | $2,099,123 | $1,902,825 |
Iowa State Daily Publication Ames, IA | $272,602 | $1,179,802 |