American Journalism Project Inc
- Assets
- $57.3m
- Revenue
- $24.4m
- Investments
- $0.0
- Employees
- 50
- Location
- Washington, DC
- Founding
- 11/2018
- Data as of
- 12/2023
- EIN
- 83-1772542
Organization Overview
American Journalism Project Inc is located in Washington, DC. The organization was established in 2018. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, American Journalism Project Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Journalism Project 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, American Journalism Project Inc generated $24.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $20.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, American Journalism Project Inc has awarded 163 individual grants totaling $50,128,515. 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
THE AMERICAN JOURNALISM PROJECT, INC. IS A VENTURE PHILANTHROPY DEDICATED TO BUILDING NON-PROFIT LOCAL NEWS ACROSS THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKING PROGRAM - THE AMERICAN JOURNALISM PROJECT SUPPORTS THE GROWTH OF INDEPENDENT, NON-PROFIT NEWS ORGANIZATIONS THAT HOLD THE POWERFUL ACCOUNTABLE, COMBAT DISINFORMATION, AND DEEPEN CIVIC PARTICIPATION IN THEIR COMMUNITIES. AS OF THE END OF 2021, AMERICAN JOURNALISM PROJECT HAS MADE GRANT COMMITMENTS TO 32 NEWS ORGANIZATIONS, SELECTED THROUGH A COMPETITIVE GRANTMAKING PROCESS WITH OVERSIGHT FROM OUR BOARD OF DIRECTORS.
GRANTEE SUPPORT PROGRAM - AMERICAN JOURNALISM PROJECT SETS GRANTEES UP FOR SUCCESS THROUGH A UNIQUE VENTURE SUPPORT MODEL. GRANTEES REPRESENT A VARIETY OF MODELS AND STAGES OF DEVELOPMENT, AND AMERICAN JOURNALISM PROJECT PROVIDES EACH WITH TAILORED SUPPORT BASED ON THEIR NEEDS AND BIGGEST STRATEGIC CHALLENGES. STAFF WORK AS A TEAM WITH GRANTEE LEADERS, PARTNERING WITH EACH ORGANIZATION TO HELP THEM STRENGTHEN AND SCALE THROUGH OPERATIONAL AND STRATEGIC SUPPORT, CURATION OF BEST PRACTICES FROM ACROSS THE SECTOR, AND FOSTERING OF PEER LEARNING ACROSS THE PORTFOLIO.
STARTUPS PROGRAM - AMERICAN JOURNALISM PROJECT WORKS WITH CIVIC LEADERS, PLACE-BASED FUNDERS, AND COMMUNITY FOUNDATIONS TO IDENTIFY AND ADDRESS INFORMATION GAPS IN THEIR COMMUNITIES. AMERICAN JOURNALISM PROJECT PROVIDES LOCAL PHILANTHROPIC PARTNERS WITH SERVICES SUCH AS COMMUNITY LISTENING, INFORMATION ECOSYSTEM RESEARCH, SOLUTION DESIGN, AND BUSINESS MODELING. ADDITIONALLY, EXPERIENCE AND RESOURCES ARE LEVERAGED TO INCUBATE NEW ORGANIZATIONS FROM THE GROUND UP. INCUBATION SUPPORT CAN INCLUDE ORGANIZATION ESTABLISHMENT, TEAM RECRUITMENT, VISIONING AND STRATEGIC PLANNING, RAISING SEED CAPITAL, STAKEHOLDER ENGAGEMENT, AND EQUITABLE ORGANIZATION DESIGN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Natoli Chairperson | OfficerTrustee | 1 | $0 |
Irving Washington Vice Chairperson | OfficerTrustee | 1 | $0 |
John Thornton Secretary | OfficerTrustee | 1 | $0 |
Rosenthal Alves Director | Trustee | 1 | $0 |
Jeff Cohen Director | Trustee | 1 | $0 |
Michelle DE La Isla Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Old Town Media Revenue And Business Model Consulting | 12/30/23 | $263,944 |
Bdofma Financial Management Services And Consul | 12/30/23 | $259,432 |
Berlinrosen Llc Strategic Communications, Digital And Cr | 12/30/23 | $175,000 |
Branchhead Consulting Revenue And Business Model Consulting | 12/30/23 | $157,386 |
Tovella Dowling Inc Legal Services | 12/30/23 | $115,659 |
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 | $23,444,875 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,444,875 |
| Total Program Service Revenue | $0 |
| Investment income | $1,116,368 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$132,963 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,428,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,039,156 |
| 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. | $2,004,733 |
| Compensation of current officers, directors, key employees. | $376,191 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,262,157 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $480,617 |
| Payroll taxes | $316,430 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,116 |
| Fees for services: Accounting | $17,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,316,380 |
| Advertising and promotion | $12,831 |
| Office expenses | $57,392 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,992 |
| Travel | $360,269 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,996 |
| Insurance | $0 |
| All other expenses | $2,740 |
| Total functional expenses | $20,350,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,216,196 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,062,271 |
| 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 | $54,891 |
| Net Land, buildings, and equipment | $44,925 |
| Investments—publicly traded securities | $30,897,480 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,525 |
| Total assets | $57,277,288 |
| Accounts payable and accrued expenses | $416,617 |
| Grants payable | $0 |
| 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 | $416,617 |
| Net assets without donor restrictions | $28,223,461 |
| Net assets with donor restrictions | $28,637,210 |
| 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 | $57,277,288 |
Grants Awarded
Over the last fiscal year, American Journalism Project Inc has awarded $13,280,016 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
BEACON MEDIA INC PURPOSE: TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. | $782,325 |
BLOCK CLUB CHICAGO PURPOSE: TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. | $537,400 |
CAPITAL B NEWS INC PURPOSE: TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. | $500,300 |
CHALKBEAT INC PURPOSE: TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. | $355,525 |
CITYSIDE JOURNALISM INITIATIVE PURPOSE: TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. | $230,875 |
CONNECTICUT NEWS PROJECT INC PURPOSE: TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. | $128,214 |