Inland Press Foundation

Lawrence, KSUnknown exempt organizationEIN 51-0163640Revenue $393K in FY2024

On file with the IRSinlandpress.orgPo Box 3790 · Lawrence, KS

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Research and education relating to the newspaper publishing industry.

$55K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $565K a year · 211% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$55K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Named funders
2
named funders · $18K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$393K
+202% vs prior year
Spent
$3.2M
To programs
0%
Net assets
$0
By yearFY2020–FY2024
Revenue
$393K
FY2024▲ +202%
Tap a bar for its year
Revenue by fiscal year
FY2020$553K
FY2021$264K
FY2022−$1K
FY2023$130K
FY2024$393K
Expenses
$3.2M
FY2024▲ ×14
Tap a bar for its year
Expenses by fiscal year
FY2020$203K
FY2021$238K
FY2022$260K
FY2023$236K
FY2024$3.2M
Net assets
$0
FY2024▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.7M
FY2021$4.0M
FY2022$2.6M
FY2023$2.8M
FY2024$0

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $3.2M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $55K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary-Treasurer
$55,000Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Tom Slaughter$55,000$30,000$30,000$30,000$30,000

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.

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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

Researches and educates about the newspaper publishing industry.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

No program services provided in 2024.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$18K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$393K
Ln 12
Investment incomeLn 3$387K
Gifts and grantsLn 1h$6K
Money outPt IX
$3.2M
Ln 25
Managementcol C$3.2M
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Investment incomeLn 3$387K
Gains on assetsLn 7$328K
Total revenueLn 12$393K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$136K$0
InvestmentsLn 11–13$2.8M$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.9M$0
LiabilitiesLn 26$135K$0
Net assetsLn 32$2.8M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$27K$27K
Accounting feesLn 11c$26K$26K
Office expensesLn 13$945$945
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$3.2M$3.2M
All other expensesLn 24e$303$303
Total functional expensesLn 25$3.2M$0$3.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $393K$3.2M−$2.8M$0 990 PDF
FY2023 $130K$236K−$106K$2.8M 990 PDF
FY2022 −$1K$260K−$261K$2.6M 990 PDF
FY2021 $264K$238K$26K$4.0M 990 PDF
FY2020 $553K$203K$350K$3.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $393,089 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,000$6,195
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $117,165$386,894
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $130,165$393,089
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $235,855$3,228,924
I-18 Total expensesPrior year $235,855$3,228,924
I-19 Revenue less expensesPrior year −$105,690−$2,835,835
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $393,089 across 5 lines filed
VIII-1f All other contributions, gifts and grants$6,195
VIII-1h Total contributions, gifts and grants$6,195
VIII-3 Investment incomeExcluded from tax $58,553$58,553
VIII-7 Net gain or loss on sales of assetsExcluded from tax $328,341$328,341
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $386,894$393,089
Part IX · Statement of functional expenses $3,228,924 across 6 lines filed
IX-11b Legal feesManagement $26,506$26,506
IX-11c Accounting feesManagement $25,500$25,500
IX-13 Office expensesManagement $945$945
IX-23 InsuranceManagement $1,170$1,170
IX-24 Other expenses (24a–d)Management $3,174,500$3,174,500
IX-24e All other expensesManagement $303$303
IX-25 Total functional expensesPrograms $0 · Management $3,228,924 · Fundraising $0$3,228,924
Part X · Balance sheet $0 assets, 19 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $136,126$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $585$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $2,249,588$0
X-12 Other securitiesStart of year $547,396$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $2,933,695$0
X-17 Accounts payable and accrued expensesStart of year $135,435$0
X-26 Total liabilitiesStart of year $135,435$0
X-27 Net assets without donor restrictionsStart of year $2,744,479$0
X-28 Net assets with donor restrictionsStart of year $53,781$0
X-32 Total net assets or fund balancesStart of year $2,798,260$0
X-33 Total liabilities and net assetsStart of year $2,933,695$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$393,089
XI-2 Total expenses$3,228,924
XI-3 Revenue less expenses−$2,835,835
XI-4 Net assets at start of year$2,798,260
XI-5 Net unrealized gains (losses) on investments$95,047
XI-7 Investment expenses−$57,472
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

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

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