To increase journalists' knowledge of complex issues to improve public understanding and to encourage excellence in journalism through awards and programs.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 4 volunteers and 8 employees.
Mission: Form 990 Part I, line 1 · 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
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
3 of 5
filings with a surplus
Average surplus $106K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$277K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
6 mo
of spending, in cash
Plus $5.6M in investments, Pt X · Ln 11–13
Looks good: 6.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $601K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$272K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
+27% vs prior year
Spent
$1.8M
To programs
79%
Net assets
$6.5M
By yearFY2020–FY2024
Revenue
$1.9M
FY2024▲ +27%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.9M
FY2022$1.7M
FY2023$1.5M
FY2024$1.9M
Expenses
$1.8M
FY2024▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.4M
FY2022$1.8M
FY2023$2.0M
FY2024$1.8M
Net assets
$6.5M
FY2024▲ +0.7%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.0M
FY2021$6.8M
FY2022$6.7M
FY2023$6.5M
FY2024$6.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1977.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $1.4M Management & general 14% · $248K Fundraising 7% · $114K

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

24 people listed on the 990; $277K paid to officers and key staff.

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.

See National Press Foundation INC executive salaries →

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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

Educates journalists on complex topics and rewards outstanding reporting to foster public understanding.

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Provided by the organization

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3 programs · $476K · in their 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

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 · FY2024
See all 6 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 →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$866K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.4M
Managementcol C$248K
Fundraisingcol D$114K
Owns and owesPt X
$6.5M
net assets · Ln 32
Cash and savingsLn 1–2$908K
Total assetsLn 16$6.8M
LiabilitiesLn 26$272K
PeoplePt VI, VII
24
listed · VII A
PaidVII A2
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Noncash giftsLn 1g$6K
Fundraising eventsLn 1c$342K
Investment incomeLn 3$866K
Gains on assetsLn 7$741K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$116K
SavingsLn 2$792K
Cash and savings togetherLn 1–2$908K
InvestmentsLn 11–13$5.6M
Land, buildings, equipmentLn 10c$24K
Other assetsLn 15$95K
Total assetsLn 16$6.8M
LiabilitiesLn 26$272K
Net assetsLn 32$6.5M
OperationsPt I, VI
EmployeesI 58
VolunteersI 64
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$1.1M$908K
InvestmentsLn 11–13$5.2M$5.6M
Land, buildings, equipmentLn 10c$44K$24K
Total assetsLn 16$6.9M$6.8M
LiabilitiesLn 26$382K$272K
Net assetsLn 32$6.5M$6.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$16K$16K
Grants to domestic individualsLn 2$99K$99K
Grants and assistance to foreign recipientsLn 3$40K$40K
Pay of current officers, directors and key staffLn 5$194K$132K$17K$45K
Other salaries and wagesLn 7$473K$395K$43K$35K
Pension plan contributionsLn 8$37K$31K$4K$3K
Other employee benefitsLn 9$67K$53K$11K$3K
Payroll taxesLn 10$52K$41K$5K$6K
Investment management feesLn 11f$41K$8K$32K$0
Other fees for servicesLn 11g$64K$0$64K$0
Office expensesLn 13$27K$14K$12K$1K
Information technologyLn 14$61K$34K$24K$4K
OccupancyLn 16$144K$116K$17K$11K
TravelLn 17$126K$118K$6K$2K
Conferences, conventions and meetingsLn 19$284K$277K$3K$4K
InterestLn 20$1K$0$1K$0
Depreciation, depletion and amortizationLn 22$22K$18K$2K$2K
InsuranceLn 23$6K$0$6K$0
Total functional expensesLn 25$1.8M$1.4M$248K$114K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.9M$1.8M$192K$6.5M 990 PDF
FY2023 $1.5M$2.0M−$473K$6.5M 990 PDF
FY2022 $1.7M$1.8M−$85K$6.7M 990 PDF
FY2021 $1.9M$1.4M$525K$6.8M 990 PDF
FY2020 $1.5M$1.2M$370K$6.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,947,425 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,317,404$1,307,248
I-9 Program service revenue$0
I-10 Investment incomePrior year $425,984$866,246
I-11 Other revenuePrior year −$207,726−$226,069
I-12 Total revenuePrior year $1,535,662$1,947,425
I-13 Grants and similar amounts paidPrior year $166,718$154,912
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $861,352$823,232
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $980,770$777,266
I-18 Total expensesPrior year $2,008,840$1,755,410
I-19 Revenue less expensesPrior year −$473,178$192,015
Part VI · Governance 22 of 22 board members independent, 1 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
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 $1,947,425 across 9 lines filed
VIII-1c Fundraising events$341,834
VIII-1f All other contributions, gifts and grants$965,414
VIII-1g Noncash contributions (included above)$6,279
VIII-1h Total contributions, gifts and grants$1,307,248
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $125,597$125,597
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $740,649$740,649
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$231,691−$231,691
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,622 · Unrelated business $0 · Excluded from tax $0$5,622
VIII-12 Total revenueRelated to mission $5,622 · Unrelated business $0 · Excluded from tax $634,555$1,947,425
Part IX · Statement of functional expenses $1,755,410 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $15,625$15,625
IX-2 Grants to domestic individualsPrograms $99,287$99,287
IX-3 Grants and assistance to foreign recipientsPrograms $40,000$40,000
IX-5 Pay of current officers, directors and key staffPrograms $131,614 · Management $17,419 · Fundraising $44,516$193,549
IX-7 Other salaries and wagesPrograms $395,158 · Management $43,236 · Fundraising $34,861$473,255
IX-8 Pension plan contributionsPrograms $31,295 · Management $3,504 · Fundraising $2,640$37,439
IX-9 Other employee benefitsPrograms $53,452 · Management $11,314 · Fundraising $2,709$67,475
IX-10 Payroll taxesPrograms $41,046 · Management $4,666 · Fundraising $5,802$51,514
IX-11f Investment management feesPrograms $8,306 · Management $32,421 · Fundraising $0$40,727
IX-11g Other fees for servicesPrograms $0 · Management $64,216 · Fundraising $0$64,216
IX-13 Office expensesPrograms $14,211 · Management $11,720 · Fundraising $1,034$26,965
IX-14 Information technologyPrograms $33,585 · Management $23,672 · Fundraising $3,715$60,972
IX-16 OccupancyPrograms $116,049 · Management $17,189 · Fundraising $10,841$144,079
IX-17 TravelPrograms $118,176 · Management $6,346 · Fundraising $1,915$126,437
IX-19 Conferences, conventions and meetingsPrograms $276,925 · Management $2,806 · Fundraising $4,422$284,153
IX-20 InterestPrograms $0 · Management $1,387 · Fundraising $0$1,387
IX-22 Depreciation, depletion and amortizationPrograms $18,313 · Management $1,608 · Fundraising $1,912$21,833
IX-23 InsurancePrograms $0 · Management $6,497 · Fundraising $0$6,497
IX-25 Total functional expensesPrograms $1,393,042 · Management $248,001 · Fundraising $114,367$1,755,410
Part X · Balance sheet $6,802,709 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $97,748$116,481
X-2 Savings and temporary cash investmentsStart of year $1,013,654$791,654
X-3 Pledges and grants receivableStart of year $222,000$150,378
X-9 Prepaid expenses and deferred chargesStart of year $59,100$29,392
X-10c Land, buildings and equipment, netStart of year $44,064$23,758
X-11 Publicly traded securitiesStart of year $5,210,277$5,596,442
X-15 Other assetsStart of year $220,029$94,604
X-16 Total assetsStart of year $6,866,872$6,802,709
X-17 Accounts payable and accrued expensesStart of year $49,636$65,325
X-19 Deferred revenueStart of year $16,810$19,800
X-25 Other liabilitiesStart of year $315,199$187,250
X-26 Total liabilitiesStart of year $381,645$272,375
X-27 Net assets without donor restrictionsStart of year $3,564,575$3,751,041
X-28 Net assets with donor restrictionsStart of year $2,920,652$2,779,293
X-32 Total net assets or fund balancesStart of year $6,485,227$6,530,334
X-33 Total liabilities and net assetsStart of year $6,866,872$6,802,709
Part XI · Reconciliation of net assets $6,530,334 net assets at year end
XI-1 Total revenue$1,947,425
XI-2 Total expenses$1,755,410
XI-3 Revenue less expenses$192,015
XI-4 Net assets at start of year$6,485,227
XI-5 Net unrealized gains (losses) on investments−$146,908
XI-10 Net assets at end of year$6,530,334

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

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