8 Ball Emergency Fund For Journalists
- Assets
- $285.5k
- Revenue
- $34.1k
- Investments
- $269.7k
- Employees
- 0
- Location
- Burbank, CA
- Founding
- 12/1958
- Data as of
- 12/2022
- EIN
- 95-2280089
Organization Overview
8 Ball Emergency Fund For Journalists is located in Burbank, CA. The organization was established in 1958. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. 8 Ball Emergency Fund For Journalists 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, 8 Ball Emergency Fund For Journalists generated $34.1k 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 (14.1%) each year. All expenses for the organization totaled $25.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 4 years. 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 Program Activity:
AID GRANTS TO TEMPORARY UNEMPLOYED OR NEEDY JOURNALISTS
SCHOLARSHIP GRANTS TO VARIOUS JOURNALISM STUDENTS OR COLLEGES & UNIVERSITY STUDENTS THROUGHOUT LOS ANGELES AND SURROUNDING AREAS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saxon Reed Secretary | 5 | $0 | |
Doug Smith Treasurer | 5 | $0 | |
Tony Valdez CEO | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,410 |
| Interest on Savings | $2 |
| Dividends & Interest | $9,217 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,463 |
| Capital Gain Net Income | $7,463 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,092 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $946 |
| Other expenses | $3,084 |
| Total operating and administrative expenses | $11,230 |
| Contributions, gifts, grants paid | $14,500 |
| Total expenses and disbursements | $25,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,735 |
| 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 | $269,722 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $285,457 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, 8 Ball Emergency Fund For Journalists has awarded $14,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NON DISCLOSED RECIPIENT PURPOSE: AID GRANT | $7,500 |
NON DISCLOSED RECIPIENT PURPOSE: AID GRANT | $5,000 |
NON DISCLOSED RECIPIENT PURPOSE: STUDENT GRANT | $500 |
NON DISCLOSED RECIPIENT PURPOSE: STUDENT GRANT | $200 |
NON DISCLOSED RECIPIENT PURPOSE: STUDENT GRANT | $500 |
NON DISCLOSED RECIPIENT PURPOSE: STUDENT GRANT | $200 |