New Jersey Press Foundation INC

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501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
Run by 11 volunteers.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $71K a year · 96% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
63%
of spending
63% of spending went to programs.
Pt IX · Ln 25 · col B
0.1 mo
of spending, in cash
Plus $1.9M in investments, Pt X · Ln 11–13
0.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$12K
0.6% of total assets
Liabilities are 0.6% of assets.
Pt X · Ln 26
Independent board members
3
of 10 voting members
3 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$56K
+199% vs prior year
Spent
$157K
To programs
63%
Net assets
$2.0M
By yearFY2020–FY2024
Revenue
$56K
FY2024▲ +199%
Tap a bar for its year
Revenue by fiscal year
FY2020$46K
FY2021$188K
FY2022$62K
FY2023$19K
FY2024$56K
Expenses
$157K
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$110K
FY2021$145K
FY2022$156K
FY2023$159K
FY2024$157K
Net assets
$2.0M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.2M
FY2022$1.9M
FY2023$1.9M
FY2024$2.0M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1963.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $99K Management & general 37% · $58K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Mark Blum$9,000$9,000$4,500$4,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See New Jersey Press Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

New Jersey Press Foundation INC is a nonprofit based in Ewing, NJ.

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1 program · $99K · in their own filed words · FY2024
01

Significant programs include journalism internships, scholarships, newspapers in education and administration of the NJ collegiate summer internships & scholarships - for collegiate journalists through a competitive - selection process.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-6071765) · Dispute this line
$99Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 18 grants · $40K · 2020–2024
Unitemized GrantFY2024$5,000
Unitemized GrantFY2024$1,000
Unitemized GrantFY2024$500
Unitemized GrantFY2023$4,000
Unitemized GrantFY2023$2,000
Unitemized GrantFY2023$1,000
Unitemized GrantFY2022$5,000
Unitemized GrantFY2022$2,000
Unitemized GrantFY2022$2,000
Unitemized GrantFY2022$1,000
Unitemized GrantFY2021$5,000
Unitemized GrantFY2021$2,000
Unitemized GrantFY2021$1,000
Unitemized GrantFY2021$500
Unitemized GrantFY2020$5,000
Unitemized GrantFY2020$2,000
Unitemized GrantFY2020$1,000
Unitemized GrantFY2020$500

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$56K
Ln 12
Investment incomeLn 3$46K
Gifts and grantsLn 1h$10K
Money outPt IX
$157K
Ln 25
Programscol B$99K
Managementcol C$58K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$828
Total assetsLn 16$2.0M
LiabilitiesLn 26$12K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Investment incomeLn 3$46K
Gains on assetsLn 7$31K
Total revenueLn 12$56K
Assets in detailPt X, end of year
CashLn 1$828
Cash and savings togetherLn 1–2$828
Notes and loans receivableLn 7$23K
Prepaid expenses and deferred chargesLn 9$5K
InvestmentsLn 11–13$1.9M
Total assetsLn 16$2.0M
LiabilitiesLn 26$12K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$12K
Share of the $962K endowmentSch D 1g1.2%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY24FY23FY22FY21FY20
End of yearLn 1g$962K$934K$896K$1.2M$1.0M
AddedLn 1b$5K$0$5K$128K$5K
SpentLn 1d–1f$70K$50K$185K$51K$27K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$17K$828
InvestmentsLn 11–13$1.8M$1.9M
Total assetsLn 16$1.9M$2.0M
LiabilitiesLn 26$17K$12K
Net assetsLn 32$1.9M$2.0M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$6K$6K
Other salaries and wagesLn 7$57K$28K$28K
Pension plan contributionsLn 8$5K$2K$2K
Accounting feesLn 11c$12K$6K$6K
Investment management feesLn 11f$12K$12K
Office expensesLn 13$102$51$51
Information technologyLn 14$792$396$396
InsuranceLn 23$5K$2K$2K
Other expenses (24a–d)Ln 24$59K$52K$6K
Total functional expensesLn 25$157K$99K$58K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Sep 19, 2025 $56K$157K−$100K$2.0M 990 PDF
FY2023Filed with the IRS Nov 12, 2024 $19K$159K−$140K$1.9M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $62K$156K−$94K$1.9M 990 PDF
FY2021Filed with the IRS Nov 4, 2022 $188K$145K$43K$2.2M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $46K$110K−$64K$2.1M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $56,071 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,013$10,004
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $14,737$46,067
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $18,750$56,071
I-13 Grants and similar amounts paidPrior year $7,000$6,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $100,452$61,779
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $51,600$88,235
I-18 Total expensesPrior year $159,052$156,514
I-19 Revenue less expensesPrior year −$140,302−$100,443
Part VI · Governance 3 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $56,071 across 5 lines filed
VIII-1f All other contributions, gifts and grants$10,004
VIII-1h Total contributions, gifts and grants$10,004
VIII-3 Investment incomeExcluded from tax $15,002$15,002
VIII-7 Net gain or loss on sales of assetsExcluded from tax $31,065$31,065
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $46,067$56,071
Part IX · Statement of functional expenses $156,514 across 9 lines filed
IX-2 Grants to domestic individualsPrograms $6,500$6,500
IX-7 Other salaries and wagesPrograms $28,480 · Management $28,480$56,960
IX-8 Pension plan contributionsPrograms $2,409 · Management $2,410$4,819
IX-11c Accounting feesPrograms $6,091 · Management $6,090$12,181
IX-11f Investment management feesManagement $11,616$11,616
IX-13 Office expensesPrograms $51 · Management $51$102
IX-14 Information technologyPrograms $396 · Management $396$792
IX-23 InsurancePrograms $2,381 · Management $2,380$4,761
IX-24 Other expenses (24a–d)Programs $52,392 · Management $6,391$58,783
IX-25 Total functional expensesPrograms $98,700 · Management $57,814 · Fundraising $0$156,514
Part X · Balance sheet $1,963,972 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $17,321$828
X-7 Notes and loans receivableStart of year $47,549$22,549
X-9 Prepaid expenses and deferred chargesStart of year $2,440$4,631
X-11 Publicly traded securitiesStart of year $1,845,007$1,935,964
X-16 Total assetsStart of year $1,912,317$1,963,972
X-25 Other liabilitiesStart of year $15,184$12,162
X-26 Total liabilitiesStart of year $17,369$12,162
X-27 Net assets without donor restrictionsStart of year $961,120$990,266
X-28 Net assets with donor restrictionsStart of year $933,828$961,544
X-32 Total net assets or fund balancesStart of year $1,894,948$1,951,810
X-33 Total liabilities and net assetsStart of year $1,912,317$1,963,972
Part XI · Reconciliation of net assets $1,951,810 net assets at year end
XI-1 Total revenue$56,071
XI-2 Total expenses$156,514
XI-3 Revenue less expenses−$100,443
XI-4 Net assets at start of year$1,894,948
XI-5 Net unrealized gains (losses) on investments$157,305
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,951,810

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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