Press Democrat Community Fund
- Assets
- $397.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Rosa, CA
- Founding
- Data as of
- 12/2023
- EIN
- 84-3136470
Organization Overview
Press Democrat Community Fund is located in Santa Rosa, CA. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, 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. Press Democrat Community Fund 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, Press Democrat Community Fund generated $53.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (40.2%) each year. All expenses for the organization totaled $39.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE PRESS DEMOCRAT COMMUNITY FUND (THE FUND) EXISTS TO PROMOTE LOCAL JOURNALISM AND TO SUPPORT THE GREATER SONOMA COUNTY/NORTH BAY COMMUNITY DURING TIMES OF DISASTERS. THE MONEY RAISED BY THE FUND WILL PROMOTE LOCAL JOURNALISM THROUGH AWARDING SCHOLARSHIPS TO DESERVING STUDENTS MAJORING IN JOURNALISM, SPONSORING INTERNS FROM LOCAL COLLEGES AND UNIVERSITIES AND FUNDING SPECIAL JOURNALISM PROJECTS. THE FUND WILL CONTINUOUSLY SEARCH FOR NEW AND CREATIVE WAYS TO PROMOTE PROFESSIONAL JOURNALISM.THE FUND IS LOCATED IN AN AREA THAT IS PRONE TO NATURAL DISASTERS. DURING TIMES OF NEED THE FUND WILL WORK WITH THE COMMUNITY TO RAISE AND DISTRIBUTE FUNDS TO THOSE IN NEED. THE NEEDS COULD RANGE FROM VICTIMS OF FIRE, EARTHQUAKE AND FLOODS TO HELPING THOSE IN NEED OF HOUSING AND SHELTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darius Anderson Board Chair | 0.25 | $0 | |
Eric Johnston Secretary | 0.25 | $0 | |
Stephen Daniels Cfo/treasurer | 0.25 | $0 | |
Brad Bollinger Director | 0.25 | $0 | |
Anne Belden Director | 0.25 | $0 | |
Herman G Hernandez Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,290 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,824 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $53,114 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $8,510 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $241 |
| Other expenses | $8,520 |
| Total expenses | $39,271 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $397,700 |
| Other assets | $0 |
| Total assets | $397,700 |
| Total liabilities | $2,332 |
| Net assets or fund balances | $395,368 |