Bucks County Herald Foundation
- Assets
- $46.8k
- Revenue
- $593.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Doylestown, PA
- Founding
- Data as of
- 12/2023
- EIN
- 85-1241475
Organization Overview
Bucks County Herald Foundation is located in Doylestown, PA. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, 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. Bucks County Herald 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 12/2023, Bucks County Herald Foundation generated $593.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 51.8% each year . All expenses for the organization totaled $616.4k during the year ending 12/2023. While expenses have increased by 56.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MOST SIGNIFICANT ACTIVITY IS TO PRESERVE AND DELIVER TRUSTED, NONPARTISAN LOCAL JOURNALISM IN THE BUCKS COUNTY (PA) AREA THROUGH ITS SUBSIDIARY, THE BUCKS COUNTY HERALD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S SUPPORT OF THE BUCKS COUNTY HERALD HAS ENABLED THE HERALD TO: (1) EXPAND NONPARTISAN REPORTING ON MUNICIPAL GOVERNMENT AND SCHOOL BOARD MEETINGS, ENSURING ELECTED OFFICIALS ARE HELD ACCOUNTABLE AND PROVIDING VOTER EDUCATION TO EMPOWER INFORMED PARTICIPATION IN LOCAL DEMOCRACY; (2) EXTEND COVERAGE OF CIVIC LIFE, COMMUNITY EVENTS, VOLUNTEER OPPORTUNITIES, AND THE REGION'S RICH ARTS, CULTURE AND HERITAGE TO KEEP RESIDENTS INFORMED AND INVOLVED; AND (3) REPORT ON EDUCATION, THE ENVIRONMENT, HEALTH AND WELLNESS, LOCAL SPORTS AND ACCESS TO VITAL RESOURCES TO ADDRESS SPECIFIC COMMUNITY NEEDS AND ENHANCE WELL-BEING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bridget Wingert President | OfficerTrustee | 1 | $0 |
Joseph G Wingert Vp/sec/treas | OfficerTrustee | 5 | $0 |
Jeffrey H Nicholas Director | Trustee | 1 | $0 |
Kay Rock Director | Trustee | 1 | $0 |
Marvin Woodall Director | Trustee | 1 | $0 |
Jennifer Lin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $135,750 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $453,732 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $589,482 |
| Total Program Service Revenue | $0 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,001 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $593,514 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $479,918 |
| 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 | $79,912 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,842 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $510 |
| Advertising and promotion | $15,148 |
| Office expenses | $20,397 |
| Information technology | $4,499 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5 |
| 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 | $550 |
| All other expenses | $193 |
| Total functional expenses | $616,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,073 |
| Savings and temporary cash investments | $15,938 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $827 |
| 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 | $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 | $46,838 |
| Accounts payable and accrued expenses | $68,842 |
| 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 | $68,842 |
| Net assets without donor restrictions | -$22,004 |
| Net assets with donor restrictions | $0 |
| 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 | $46,838 |