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Inland Press Foundation FY2020 filing

Lawrence, KSUnknown exempt organization EIN 51-0163640Revenue $553K in FY2020Latest return filed Aug 29, 2025

On file with the IRSinlandpress.orgLawrence, KS

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Research and education relating to the newspaper publishing industry.

$30K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · 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
$30K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Plus $3.8M in investments, Pt X · Ln 11–13
Fine: 0.1 months of spending in cash, plus $3.8M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $18K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$142K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$553K
Spent
$203K
To programs
0%
Net assets
$3.7M
By yearFY2020–FY2024
Revenue
$553K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$553K
FY2021$264K
FY2022−$1K
FY2023$130K
FY2024$393K
Expenses
$203K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$203K
FY2021$238K
FY2022$260K
FY2023$236K
FY2024$3.2M
Net assets
$3.7M
FY2020
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 FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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% · $203K

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

10 people listed on the 990; $30K paid to officers and key staff.

Part VII, Section A · reportable compensation
Tom Slaughter
Executive Director/Treasurer
$30,000Pt VII · Sec A
$0Pt VII · Sec A
James Sprung
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Nick Monico
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Joyce McCullough
Vice President
$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.

See Inland Press Foundation 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

Researches and educates about the newspaper publishing industry.

Questions for Inland Press Foundation

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1 program · in their own filed words · FY2020
01

No program services provided in 2020.

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
Walter and May Reuther Memorial FundFY2024$15K
Seyfarth Shaw Charitable FoundationFY2024$2K
Total grants receivedfrom 2 funders$18K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$553K
Ln 12
Investment incomeLn 3$480K
Gifts and grantsLn 1h$73K
Money outPt IX
$203K
Ln 25
Managementcol C$203K
Owns and owesPt X
$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$3.8M
LiabilitiesLn 26$142K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$73K
Investment incomeLn 3$480K
Gains on assetsLn 7$442K
Total revenueLn 12$553K
Assets in detailPt X, end of year
SavingsLn 2$2K
Cash and savings togetherLn 1–2$2K
Accounts receivableLn 4$500
Prepaid expenses and deferred chargesLn 9$585
InvestmentsLn 11–13$3.8M
Total assetsLn 16$3.8M
LiabilitiesLn 26$142K
Net assetsLn 32$3.7M
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 FY20End FY20
Cash and savingsLn 1–2$10K$2K
InvestmentsLn 11–13$3.1M$3.8M
Total assetsLn 16$3.1M$3.8M
LiabilitiesLn 26$168K$142K
Net assetsLn 32$3.0M$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$12K$12K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$189K$189K
All other expensesLn 24e$879$879
Total functional expensesLn 25$203K$0$203K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Aug 29, 2025 $393K$3.2M−$2.8M$0 990 PDF
FY2023Filed with the IRS Aug 20, 2024 $130K$236K−$106K$2.8M 990 PDF
FY2022Filed with the IRS Nov 2, 2023 −$1K$260K−$261K$2.6M 990 PDF
FY2021Filed with the IRS Jul 15, 2022 $264K$238K$26K$4.0M 990 PDF
FY2020 ViewingFiled with the IRS Nov 1, 2021 $553K$203K$350K$3.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $552,859 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,000$72,749
I-9 Program service revenuePrior year $13,060$0
I-10 Investment incomePrior year $332,221$480,110
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $346,281$552,859
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 $117,669$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $80,921$202,577
I-18 Total expensesPrior year $198,590$202,577
I-19 Revenue less expensesPrior year $147,691$350,282
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $552,859 across 5 lines filed
VIII-1f All other contributions, gifts and grants$72,749
VIII-1h Total contributions, gifts and grants$72,749
VIII-3 Investment incomeExcluded from tax $37,768$37,768
VIII-7 Net gain or loss on sales of assetsExcluded from tax $442,342$442,342
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $480,110$552,859
Part IX · Statement of functional expenses $202,577 across 4 lines filed
IX-11c Accounting feesManagement $11,630$11,630
IX-23 InsuranceManagement $1,061$1,061
IX-24 Other expenses (24a–d)Management $189,007$189,007
IX-24e All other expensesManagement $879$879
IX-25 Total functional expensesPrograms $0 · Management $202,577 · Fundraising $0$202,577
Part X · Balance sheet $3,837,091 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $10,053$1,895
X-4 Accounts receivable$500
X-9 Prepaid expenses and deferred chargesStart of year $4,209$585
X-11 Publicly traded securitiesStart of year $2,974,480$3,370,803
X-12 Other securitiesStart of year $134,992$463,308
X-16 Total assetsStart of year $3,123,734$3,837,091
X-17 Accounts payable and accrued expensesStart of year $168,079$142,346
X-26 Total liabilitiesStart of year $168,079$142,346
X-27 Net assets without donor restrictionsStart of year $2,955,655$3,644,739
X-28 Net assets with donor restrictions$50,006
X-32 Total net assets or fund balancesStart of year $2,955,655$3,694,745
X-33 Total liabilities and net assetsStart of year $3,123,734$3,837,091
Part XI · Reconciliation of net assets $3,694,745 net assets at year end
XI-1 Total revenue$552,859
XI-2 Total expenses$202,577
XI-3 Revenue less expenses$350,282
XI-4 Net assets at start of year$2,955,655
XI-5 Net unrealized gains (losses) on investments$388,808
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,694,745

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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