Foundation For National Progress
- Assets
- $7.7m
- Revenue
- $21.5m
- Investments
- $0.0
- Employees
- 133
- Location
- San Francisco, CA
- Founding
- 06/1975
- Data as of
- 06/2022
- EIN
- 94-2282759
Organization Overview
Foundation For National Progress, operating under the name Mother Jones Magazine, is located in San Francisco, CA. The organization was established in 1975. As of 06/2022, Mother Jones Magazine employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mother Jones Magazine 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 06/2022, Mother Jones Magazine generated $21.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $17.5m during the year ending 06/2022. While expenses have increased by 3.2% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A NEWS ORGANIZATION THAT SPECIALIZES IN INVESTIGATIVE, POLITICAL & SOCIAL JUSTICE REPORTING.
Describe the Organization's Program Activity:
PROGRAM SERVICE 1: INVESTIGATIVE REPORTING SEE SCHEDULE O
PROGRAM SERVICE #2: BEN BAGDIKIAN FELLOWSHIP PROGRAM: SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clara Jeffery Vice President/editor-In-Chief | OfficerTrustee | 37.5 | $207,444 |
Monika Bauerlein President | OfficerTrustee | 37.5 | $205,513 |
Khary Brown VP Media Sales | 37.5 | $191,987 | |
Steven Katz Vice President/publisher (left 04/22) | OfficerTrustee | 37.5 | $186,666 |
David Corn Bureau Chief | 37.5 | $177,650 | |
Jahna Berry Guest Of Board - COO | Officer | 37.5 | $170,072 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mal Warwick & Associates Inc - Ach Direct Mail Fundraising Consultant | 6/29/22 | $581,527 |
Ballantine Corporation Direct Mail | 6/29/22 | $391,786 |
Kinetix Technology Services Inc It Contractor | 6/29/22 | $325,260 |
Quad Graphics Inc Printer | 6/29/22 | $289,026 |
Robert Half Management Resources Personnel Consulting | 6/29/22 | $120,224 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,405,676 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,957,941 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,396,987 |
| Noncash contributions included in lines 1a–1f | $4,065,570 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,760,604 |
| Total Program Service Revenue | $3,876,064 |
| Investment income | $31,483 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $256,161 |
| Net Rental Income | -$2,692 |
| Net Gain/Loss on Asset Sales | -$504,847 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,461,748 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $103,800 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,339,972 |
| Compensation of current officers, directors, key employees. | $208,121 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,283,464 |
| Pension plan accruals and contributions | $32,985 |
| Other employee benefits | $1,115,430 |
| Payroll taxes | $630,623 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $337,020 |
| Fees for services: Accounting | $42,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $104,052 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $881,873 |
| Advertising and promotion | $213,929 |
| Office expenses | $2,010,516 |
| Information technology | $157,352 |
| Royalties | $0 |
| Occupancy | $1,241,747 |
| Travel | $96,548 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,480 |
| Interest | $6,101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,302 |
| Insurance | $124,861 |
| All other expenses | $75,873 |
| Total functional expenses | $17,478,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,414,398 |
| Savings and temporary cash investments | $3,189,687 |
| Pledges and grants receivable | $361,000 |
| Accounts receivable, net | $169,143 |
| 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 | $302,083 |
| Net Land, buildings, and equipment | $194,244 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $113,330 |
| Total assets | $7,743,885 |
| Accounts payable and accrued expenses | $1,518,176 |
| Grants payable | $0 |
| Deferred revenue | $1,708,798 |
| 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 | $500,000 |
| Other liabilities | $283,125 |
| Total liabilities | $4,010,099 |
| Net assets without donor restrictions | -$1,995,087 |
| Net assets with donor restrictions | $5,728,873 |
| 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 | $7,743,885 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For National Progress has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Norvell Family Foundation Inc Tulsa, OK PURPOSE: SUPPORT | $1,000 |
Endowment Analysis
| Earnings | -$424,239 |
| Admin Expense | $7,082 |
| Net Contributions | $2,346,808 |
| Ending Balance | $1,915,487 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jemez Mountains Electric Cooperative Inc Espanola, NM | $130,164,432 | $49,848,005 |
San Francisco Fire Credit Union San Francisco, CA | $1,733,829,261 | $55,402,558 |
Y W Electric Association Inc Colorado Rea 38 Akron, CO | $130,403,627 | $47,254,335 |
Dixie Escalante Rural Beryl, UT | $171,660,221 | $52,285,597 |
Rivermark Community Credit Union Beaverton, OR | $1,282,908,447 | $59,063,025 |
San Mateo Credit Union Redwood City, CA | $1,651,880,221 | $59,342,431 |
Wells Rural Electric Co Wells, NV | $65,645,854 | $46,093,733 |
Morgan County Rural Electric Association Fort Morgan, CO | $104,279,755 | $45,102,816 |
Credit Unions In The State Of California Westminster, CA | $1,978,868,694 | $57,183,235 |
Salal Credit Union Seattle, WA | $1,076,834,962 | $53,428,759 |
Benton Rural Electric Association Prosser, WA | $100,163,870 | $44,244,946 |
Credit Unions In The State Of California Eureka, CA | $2,147,688,324 | $57,226,931 |