National Press Foundation INC EIN 52-1069481 Form 990 (PDF) Claim this org

National Press Foundation INC

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Educates journalists on complex topics and rewards outstanding reporting to foster public understanding. For fiscal year 2024 it reported $1.9M in revenue, $1.8M in expenses, and $6.5M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Washington, DC
Website
www.nationalpress.org
Filings
5 on file (2020–2024)
Revenue
$1.9MFY2024
Expenses
$1.8M
Net assets
$6.5M
People
24
Filings
5
Updates
0
More identity details & actions ⌄
EIN  52-1069481 Public charity (501(c)(3)) Washington, DC
Form 990 (PDF)
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Figures match the IRS filing checked 9/11/26 · see original: IRS
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Size
$1–10M
What they do
Educates journalists on complex topics and rewards outstanding reporting to foster public understanding.
Leadership
Anne Godlasky · President · $154K
Money in and out
$1.9M revenue, $1.8M expenses
Bottom line
79% program efficiency
Where the money goes · FY2024
Total revenue
$1.9M
Pt VIII · Ln 12
Total expenses
$1.8M
Pt IX · Ln 25
Net assets
$6.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $192K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.14 Fundraising $0.07
Program efficiency
79%
of spending reaches programs▼ -0.6% vs prior filing year
Operating runway
44.6mo
months of highly liquid reserves at operating expense rate▲ +18% vs prior filing year
Surplus margin
+10%
revenue over expenses, this year▲ +132% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.9M
FY2024▲ +27%
Expenses
$1.8M
FY2024▼ -13%
Total assets
$6.8M
FY2024▼ -0.9%
Total liabilities
$272K
FY2024▼ -29%
Total revenue
$1.9M
Pt VIII · Ln 12
Total expenses
$1.8M
Pt IX · Ln 25
Net assets
$6.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$192K
Total assetsPt X · Ln 16$6.8M
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 322
Independent voting membersPt I · Ln 422
Mission & Programs · Part III

Where the work happens

3 program services account for $476K of program spending, described in the organization's own filed words · FY2024.
01

Widening the Pipeline

Held a year-long fellowship program for 25 early-career journalists. The training was designed to educate, mentor, inspire and uplift a cohort of talented young journalists and prepare them for leadership positions in U.S. newsrooms.

$173Kprogram expense
02

Covering Equitable Community Development

An intensive four-day fellowship for two dozen journalists in Missoula, Montana. Missoula was selected as the training site to get journalists out of the bicoastal mindset that dominates the industry and focus on smaller cities and more rural communities.

$161Kprogram expense
03

International Trade Reporting Fellowship

A four-day fellowship for 25 journalists from more than a dozen nations across Asia. The program reviewed the latest issues confronting international trade.

$142Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNational Press Foundation INC
EINHdr · item D52-1069481
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.nationalpress.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1977

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a22
Independent voting membersPt VI · Ln 1b22
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$153,800Pt VII · Sec A
Director of Jouralism Initiative
$122,950Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Sonni Efron$163,340$157,000$146,828
Anne Godlasky$153,800$148,592$123,388
Rachel Jones$122,950$117,733$115,867
Christopher Adams$111,172$117,050

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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Statement of Revenue

Part VIII
Contributions & grants$1.3M · 67%
Investment income$866K · 44%
Contributions & grants67%$1.3M
Investment income44%$866K
Total revenueLn 12$1.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.14 Fundraising $0.07
Program services79%$1.4M
Management & general14%$248K
Fundraising7%$114K
Total functional expensesLn 25$1.8M

Balance Sheet

Part X · end of year
CashLn 1$908K
Total assetsLn 16$6.8M
Total liabilitiesLn 26$272K
Total net assetsLn 32$6.5M
Months of cash on handcomputed6.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.5M · Operating expenses (Pt IX) $1.8M · Less non-cash grants $6K · Cash operating expenses/yr $1.7M
44.6 months
Where the money goes
Program services
Program services $1.4M · Total expenses $1.8M
79%
Management & General
Management & general $248K · Total expenses $1.8M
14%
Fundraising
Fundraising $114K · Total expenses $1.8M
7%
Cost to raise $1
Fundraising expense (3-yr avg) $155K · Solicited contributions (3-yr avg) $1.5M
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.3M · Total revenue $1.9M
67%
Government reliance
Government grants — · Total revenue $1.9M
Earned-income share
Program service revenue $0 · Total revenue $1.9M
0%
Investment reliance
Investment income $866K · Total revenue $1.9M
+44%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.8M
0%
Growth & trend
Revenue growth (YoY)
This year $1.9M · Prior year $1.5M
+27%
Revenue CAGR
FY2020 $1.5M · FY2024 $1.9M
+6%
Net-asset trend (YoY)
End of year $6.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.9M · Expenses $1.8M
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $6.8M
Net-asset ratio
Net assets $6.5M · Total assets $6.8M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.6M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.8M
82%
People & payroll
Highest Reported Total Compensation
Individual Anne Godlasky · Reported title President · Highest reported compensation $154K · Total expenses $1.8M
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $823K · Total expenses $1.8M
47%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 14%
Fundraising cost ratio 9%
Revenue growth 27%
Investment management fee ratio 0.6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
AARPFY2024$100K
Total grants receivedfrom 5 funders$554K
See all 5 funders →
Grants paid · 22 grants · $493K · 2020–2024
Unitemized GrantFY2024$99,287
Wunc Public Radio LLCNC · FY2024$5,625
Unitemized GrantFY2023$68,718
Sij Holdings LLC (dba McClatchy Shared Services Llc)FY2023$15,500
States NewsroomDC · FY2023$15,000
Sutton Impact Studio INCFY2023$2,500
Unitemized GrantFY2022$76,125
Dow Jones & CompanyFY2022$8,333
Detroit Newspaper Partnership LPFY2022$5,000
Nash Holdings LLCFY2022$5,000
Unitemized GrantFY2021$95,775
Detroit Newspaper Partnership LPFY2021$5,000
Chasing LifeFY2021$1,000
Unitemized GrantFY2020$40,545
Solas Publications INC DBA Rio Blanco Herald TimesFY2020$5,000
See all 22 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.9M revenue · viewing · ⤓ 990 PDF
FY2023$1.5M revenue · ⤓ 990 PDF
FY2022$1.7M revenue · ⤓ 990 PDF
FY2021$1.9M revenue · ⤓ 990 PDF
FY2020$1.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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