Liberties Journal Foundation
- Assets
- $4.6m
- Revenue
- $629.1k
- Investments
- $2.9m
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 12/2022
- EIN
- 84-3862948
Organization Overview
Liberties Journal Foundation is located in Washington, DC. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberties Journal Foundation 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, Liberties Journal Foundation generated $629.1k 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 (40.4%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORPORATION QUARTERLY JOURNAL, ONLINE FORUM, AND EVENT ACTIVITIES TO INFORM TODAY'S CULTURAL AND POLITICAL LEADERS, DEEPEN THE UNDERSTANDING OF CITIZENS, AND INSPIRE THE NEXT GENERATION TO PARTICIPATE IN THE DEMOCRATIC PROCESS OF PUBLIC SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Reichblum President | 40 | $100,000 | |
Peter Bass Treasurer | 5 | $0 | |
Alfred Moses Chairman | 5 | $0 | |
Leon Wieseltier Editor | 40 | $246,011 | |
Marcus Celeste Managing Editor | 40 | $53,942 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $392,543 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$263,427 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $629,116 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $299,953 |
| Pension plans, employee benefits | $0 |
| Interest | $24,672 |
| Taxes | $9,439 |
| Depreciation | $420 |
| Occupancy | $37,800 |
| Travel, conferences, and meetings | $489 |
| Printing and publications | $236,792 |
| Other expenses | $432,850 |
| Total operating and administrative expenses | $1,193,771 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,193,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,657,077 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,886,573 |
| Net Land, buildings, and equipment | $5,495 |
| Other assets | $28,935 |
| Total assets | $4,578,080 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,173,500 |
| Other liabilities | $0 |
| Total liabilities | $1,173,500 |