Traveling Press Fund Inc
- Assets
- $5.7m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 0
- Location
- St Petersburg, FL
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 84-2726336
Organization Overview
Traveling Press Fund Inc is located in St Petersburg, FL. The organization was established in 2019. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Traveling Press Fund 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, Traveling Press Fund Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 74.8% each year . All expenses for the organization totaled $3.0m during the year ending 12/2022. While expenses have increased by 63.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE TRAVELING PRESS FUND INC. (THE ORGANIZATION") IS AN INDEPENDENT, NON-PROFIT CORPORATION THAT PROVIDES GRANTS TO NEWSROOMS AND FREELANCE JOURNALISTS TO PRODUCE INVESTIGATIVE AND ON-LOCATION JOURNALISM, WHICH SEEKS TO EDUCATE THE PUBLIC AND ADVANCE THE PUBLIC INTEREST. THE ORGANIZATION IS NON-PARTISAN AND, IN THE BEST TRADITIONS OF AMERICAN JOURNALISM, SEEKS TO ENCOURAGE AND ENABLE JOURNALISTS TO BE THE EYES AND EARS FOR THEIR READERS AND HOLD THE POWERFUL ACCOUNTABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRAVELING PRESS FUND MADE GRANTS TO ENABLE JOURNALISTS AND FREELANCE WRITERS TO PRODUCE ON-LOCATION, NON-PARTISAN STORIES AND INTERVIEWS THAT SEEK TO EDUCATE AND INFORM THE PUBLIC ABOUT NEW IDEAS AND INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander R Berger Director/president | OfficerTrustee | 3 | $0 |
Gary L Ginsberg Director/treasurer | OfficerTrustee | 1 | $0 |
Jesse M Fried Director/secretary | OfficerTrustee | 1 | $0 |
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 | $3,865,120 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,865,120 |
| Total Program Service Revenue | $0 |
| Investment income | $36,515 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,901,635 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,003,450 |
| 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 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 | $0 |
| Fees for services: Legal | $9,773 |
| Fees for services: Accounting | $29,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,861 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,047 |
| All other expenses | $0 |
| Total functional expenses | $3,046,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,325,244 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $300,000 |
| Loans from Officers, Directors, or Controlling Persons | $4,110,911 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,736,155 |
| Accounts payable and accrued expenses | $2,204 |
| 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 | $2,204 |
| Net assets without donor restrictions | $4,151,339 |
| Net assets with donor restrictions | $1,582,612 |
| 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 | $5,736,155 |
Grants Awarded
Over the last fiscal year, Traveling Press Fund Inc has awarded $3,003,450 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LEVEL THREE LABS LLC PURPOSE: JOURNALIST AND FREELANCE WRITER EXPENSES | $1,938,950 |
BLUE ENGINE COLLABORATIVE PURPOSE: JOURNALIST AND FREELANCE WRITER EXPENSES | $14,500 |
FINCHLEY ROAD MEDIA LLC PURPOSE: JOURNALIST AND FREELANCE WRITER EXPENSES | $1,050,000 |