Western Iowa Journalism Foundation
- Assets
- $607.0k
- Revenue
- $681.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Breda, IA
- Founding
- Data as of
- 12/2022
- EIN
- 85-2308671
Organization Overview
Western Iowa Journalism Foundation is located in Breda, IA. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Western Iowa Journalism 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, Western Iowa Journalism Foundation generated $681.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 55.9% each year . All expenses for the organization totaled $275.7k during the year ending 12/2022. 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
SUPPORTING COMMUNITY JOURNALISM THAT ENSURES LONG-TERM ACCESS TO ACCURATE LOCAL NEWS AND INVESTIGATIVE REPORTING THROUGHOUT WESTERN IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARROLL TIMES HERALD WAS GIVEN TWO 2 GRANTS. ONE GRANT WAS FOR $20,000 ON 08 05 2022 THE SECOND GRANT WAS FOR $7,000 ON 11 30 2022. TOTAL GRANT AMOUNT TO CARROLL TIMES HERALD OF $27,000 IN 2022. BOTH GRANTS WERE GIVEN TO FURTHER THE MISSION OF WESTERN IOWA JOURNALISM FOUNDATION WIJF BY SUPPORTING REPORTING POSITIONS THAT WOULD EDUCATE INFORM AND ENGAGE RESIDENTS TO ENSURE LONG-TERM ACCESS TO ACCURATE LOCAL NEWS AND INVESTIGATIVE REPORTING IN WESTERN IOWA. THERE WERE NO EXPENSES AS THE GRANT PROCESS WAS DRIVEN BY VOLUNTEER BOARD OF DIRECTORS WHO SERVE WITHOUT ANY COMPENSATION. FURTHER INFORMATION IS PROVIDED ON SCHEDULE O.
STORM LAKE TIMES WAS GIVEN FOUR 4 GRANTS. ONE GRANT WAS FOR $60,000 ON 01 03 2022 THREE 3 GRANTS IN THE AMOUNT OF $30,000 EACH ON 07 06 2022 08 30 2022 AND 12 14 2022. TOTAL GRANT AMOUNT TO STORM LAKE TIMES OF $150,000. ALL THE GRANTS WERE GIVEN TO FURTHER THE MISSION OF WESTERN IOWA JOURNALISM FOUNDATION WIJF BY SUPPORTING REPORTING POSITIONS THAT WOULD EDUCATE INFORM AND ENGAGE RESIDENTS TO ENSURE LONG-TERM ACCESS TO ACCURATE LOCAL NEWS AND INVESTIGATIVE REPORTING IN WESTERN IOWA. THERE WERE NO EXPENSES AS THE GRANT PROCESS WAS DRIVEN BY VOLUNTEER BOARD OF DIRECTORS WHO SERVE WITHOUT ANY COMPENSATION. FURTHER INFORMATION IS PROVIDED ON SCHEDULE O.
LA PRENSA WAS GIVEN THREE 3 GRANTS. ONE GRANT WAS FOR $20,000 ON 01 18 2022. THE OTHER TWO 2 GRANTS WERE FOR THE AMOUNT OF $10,000 EACH ON 07 06 2022 AND 08 30 2022. TOTAL GRANT AMOUNT TO LA PRENSA OF $40,000. ALL THE GRANTS WERE GIVEN TO FURTHER THE MISSION OF WESTERN IOWA JOURNALISM FOUNDATION WIJF BY SUPPORTING REPORTING POSITIONS THAT WOULD EDUCATE INFORM AND ENGAGE RESIDENTS TO ENSURE LONG-TERM ACCESS TO ACCURATE LOCAL NEWS AND INVESTIGATIVE REPORTING IN WESTERN IOWA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Munson President | Officer | 5 | $0 |
Dr Joel Lundstrom Vice President | Officer | 5 | $0 |
Dr Andrea Breemer Frantz Secretary | Officer | 5 | $0 |
Claudia Schabel Treasurer | Officer | 5 | $0 |
Todd Partridge Director | Trustee | 5 | $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 | $681,385 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $681,385 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $681,925 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $217,000 |
| 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 | $24,722 |
| Fees for services: Legal | $7,090 |
| Fees for services: Accounting | $50 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $24,722 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $843 |
| Office expenses | $160 |
| 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 | $1,101 |
| All other expenses | $0 |
| Total functional expenses | $275,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,979 |
| Savings and temporary cash investments | $361,006 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $606,985 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $606,985 |
| Total liabilities and net assets/fund balances | $606,985 |
Grants Awarded
Over the last fiscal year, Western Iowa Journalism Foundation has awarded $217,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CARROLL TIMES HERALD PURPOSE: Further the mission of WIJF | $27,000 |
LA PRENSA LLC PURPOSE: Further the mission of WIJF | $40,000 |
STORM LAKE TIMES PURPOSE: Further the mission of WIJF | $150,000 |