Foundation For Technology News And Public Affairs Inc
- Assets
- $2.1m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 12/2023
- EIN
- 88-2078965
Organization Overview
Foundation For Technology News And Public Affairs Inc is located in Washington, DC. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Foundation For Technology News And Public Affairs 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 12/2023, Foundation For Technology News And Public Affairs Inc generated $3.0m in total revenue. All expenses for the organization totaled $1.6m during the year ending 12/2023.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOAL OF THE FOUNDATION IS TO ADVANCE SOLUTIONS, PUBLIC CIVIC EDUCATION AND UNDERSTANDING ABOUT TECHNOLOGY, NEWS AND INFORMATION, AND CIVIC AFFAIRS LOCALLY, NATIONALLY, AND GLOBALLY. THE FOUNDATION WILL BE FOSTERING THE COLLECTION OF OBJECTIVE DATA, ANALYSIS, AND RESEARCH NEEDED TO UNDERSTAND THE EFFECTS OF PLATFORM STANDARDS AND THE WAY THE PUBLIC IS EFFICIENTLY SERVED INFORMATION THROUGH MULTIPLE, INDEPENDENT SOURCES AROUND THE NATION AND GLOBALLY. THE FOUNDATION WILL CONVENE EMINENT LEADERS IN JOURNALISM, TECHNOLOGY, ACADEMIA, PUBLIC AFFAIRS, AND BUSINESS TO BETTER UNDERSTAND AND EVALUATE:- QUANTITATIVE AND QUALITATIVE STUDIES INTO HOW CONSUMERS RECEIVE, DISTRIBUTE, ENGAGE WITH AND TRANSMIT THEIR INFORMATION.- RESEARCH INTO WHAT STANDARDS / CONTROLS COUNTRIES / COMPANIES / MEDIA OUTLETS PUT IN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Mitchell Executive Director | 40 | $350,000 | |
Craig Forman Executive Chair/president/treasurer | 10 | $75,000 | |
Paula Miraglia Director | 1 | $50,000 | |
Maria Ressa Director | 1 | $50,000 | |
Marton Baron Director | 1 | $50,000 | |
Sangu Delle Director | 1 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,955,000 |
| Interest on Savings | $291 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,955,291 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $689,215 |
| Other employee salaries and wages | $240,644 |
| Pension plans, employee benefits | $16,860 |
| Interest | $0 |
| Taxes | $38,726 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $147,694 |
| Printing and publications | $0 |
| Other expenses | $404,847 |
| Total operating and administrative expenses | $1,586,325 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,586,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,608 |
| Savings and temporary cash investments | $1,810,291 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,058,899 |
| Accounts payable and accrued expenses | $18,997 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,997 |