National Press Foundation INC FY2020 filing

Tax-deductible

Washington, DC501(c)(3)EIN 52-1069481Revenue $1.5M in FY2020

On file with the IRSnationalpress.org1025 Connecticut Ave Nw Ste 1000, 20036-5417 · Washington, DCTax-exempt since Jan 1977Publicly supported charity — 170(b)(1)(A)(vi)

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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.
60¢ of each $1 spent went to programs.
$264K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$264K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 13.0 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
$418K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
Spent
$1.2M
To programs
60%
Net assets
$6.0M
By yearFY2020–FY2024
Revenue
$1.5M
FY2020
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
$1.2M
FY2020
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
$6.0M
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · 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 ruling in Jan 1977.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $704K Management & general 24% · $278K Fundraising 16% · $193K

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

22 people listed on the 990; $264K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$146,828Pt VII · Sec A
Director of Training and Content
$117,050Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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.

Provided by the organization

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3 programs · $196K · in their own filed words · FY2020
01

Poverty and Inequality

Conducted nine online trainings on covering poverty and inequality in the U.S. from September to December 2020. Pioneered a new award for journalists covering families in poverty during the pandemic.

$83Kprogram expense
02

Tracking Coronavirus Relief Funds

A 5-day intensive data-journalism training for 25 journalists on how to track Payroll Protection Program loans and other federal pandemic relief. Partnered with DataKind DC, a network of data scientists, and offered each journalist who was accepted to our program an individual data-science partner for coaching, consultation and…

$67Kprogram expense
03

Vaccines

Ran an eight-week boot camp for 25 health reporters on vaccine development during COVID 19, featuring top speakers from around the U.S. Journalists produced 451 stories for print, broadcast and online media in the first 90 days after training.

$46Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$364K
Money outPt IX
$1.2M
Ln 25
Programscol B$704K
Managementcol C$278K
Fundraisingcol D$193K
Owns and owesPt X
$6.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$6.4M
LiabilitiesLn 26$418K
PeoplePt VI, VII
22
listed · VII A
PaidVII A2
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Noncash giftsLn 1g$5K
Fundraising eventsLn 1c$442K
Investment incomeLn 3$364K
Gains on assetsLn 7$299K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$241K
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.3M
InvestmentsLn 11–13$4.7M
Land, buildings, equipmentLn 10c$136K
Other assetsLn 15$4K
Total assetsLn 16$6.4M
LiabilitiesLn 26$418K
Net assetsLn 32$6.0M
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 FY20End FY20
Cash and savingsLn 1–2$1.6M$1.3M
InvestmentsLn 11–13$4.3M$4.7M
Land, buildings, equipmentLn 10c$142K$136K
Total assetsLn 16$6.3M$6.4M
LiabilitiesLn 26$847K$418K
Net assetsLn 32$5.5M$6.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20K$20K
Grants to domestic individualsLn 2$41K$41K
Pay of current officers, directors and key staffLn 5$157K$102K$16K$39K
Other salaries and wagesLn 7$369K$208K$76K$85K
Pension plan contributionsLn 8$26K$15K$5K$6K
Other employee benefitsLn 9$85K$51K$14K$20K
Payroll taxesLn 10$43K$25K$7K$10K
Investment management feesLn 11f$32K$7K$25K$0
Other fees for servicesLn 11g$65K$0$65K$0
Advertising and promotionLn 12$904$0$904$0
Office expensesLn 13$26K$7K$16K$3K
Information technologyLn 14$38K$21K$17K$262
OccupancyLn 16$148K$104K$21K$23K
TravelLn 17$20K$19K$97$41
Conferences, conventions and meetingsLn 19$53K$50K$2K$45
InterestLn 20$592$0$592$0
Depreciation, depletion and amortizationLn 22$49K$36K$7K$6K
InsuranceLn 23$6K$0$6K$0
Other expenses (24a–d)Ln 24−$3K−$3K$0$55
Total functional expensesLn 25$1.2M$704K$278K$193K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $1.5M$1.2M$370K$6.0M 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 FY2020 990 (6 parts)
Part I · Summary $1,544,741 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,834,173$1,260,535
I-9 Program service revenue$0
I-10 Investment incomePrior year $267,258$364,443
I-11 Other revenuePrior year −$43,483−$80,237
I-12 Total revenuePrior year $2,057,948$1,544,741
I-13 Grants and similar amounts paidPrior year $35,550$60,545
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $619,312$679,038
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $781,985$435,279
I-18 Total expensesPrior year $1,436,847$1,174,862
I-19 Revenue less expensesPrior year $621,101$369,879
Part VI · Governance 20 of 20 board members independent, 1 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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 $1,544,741 across 10 lines filed
VIII-1c Fundraising events$441,934
VIII-1f All other contributions, gifts and grants$818,601
VIII-1g Noncash contributions (included above)$5,000
VIII-1h Total contributions, gifts and grants$1,260,535
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $65,077$65,077
VIII-6 Net rental income or lossExcluded from tax −$1,736−$1,736
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $299,366$299,366
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$93,813−$93,813
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,312 · Unrelated business $0 · Excluded from tax $0$15,312
VIII-12 Total revenueRelated to mission $15,312 · Unrelated business $0 · Excluded from tax $268,894$1,544,741
Part IX · Statement of functional expenses $1,174,862 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $20,000$20,000
IX-2 Grants to domestic individualsPrograms $40,545$40,545
IX-5 Pay of current officers, directors and key staffPrograms $101,892 · Management $15,676 · Fundraising $39,189$156,757
IX-7 Other salaries and wagesPrograms $208,198 · Management $75,804 · Fundraising $85,153$369,155
IX-8 Pension plan contributionsPrograms $14,540 · Management $5,263 · Fundraising $5,943$25,746
IX-9 Other employee benefitsPrograms $50,855 · Management $13,529 · Fundraising $20,410$84,794
IX-10 Payroll taxesPrograms $25,061 · Management $7,468 · Fundraising $10,057$42,586
IX-11f Investment management feesPrograms $6,769 · Management $25,452 · Fundraising $0$32,221
IX-11g Other fees for servicesPrograms $0 · Management $65,027 · Fundraising $0$65,027
IX-12 Advertising and promotionPrograms $0 · Management $904 · Fundraising $0$904
IX-13 Office expensesPrograms $7,320 · Management $15,938 · Fundraising $2,814$26,072
IX-14 Information technologyPrograms $21,121 · Management $17,025 · Fundraising $262$38,408
IX-16 OccupancyPrograms $104,402 · Management $20,658 · Fundraising $23,367$148,427
IX-17 TravelPrograms $19,486 · Management $97 · Fundraising $41$19,624
IX-19 Conferences, conventions and meetingsPrograms $50,221 · Management $2,326 · Fundraising $45$52,592
IX-20 InterestPrograms $0 · Management $592 · Fundraising $0$592
IX-22 Depreciation, depletion and amortizationPrograms $36,359 · Management $6,595 · Fundraising $5,573$48,527
IX-23 InsurancePrograms $0 · Management $5,803 · Fundraising $0$5,803
IX-24 Other expenses (24a–d)Programs −$2,973 · Management $0 · Fundraising $55−$2,918
IX-25 Total functional expensesPrograms $703,796 · Management $278,157 · Fundraising $192,909$1,174,862
Part X · Balance sheet $6,448,088 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $447,538$240,781
X-2 Savings and temporary cash investmentsStart of year $1,137,217$1,030,549
X-3 Pledges and grants receivableStart of year $204,804$357,393
X-9 Prepaid expenses and deferred chargesStart of year $44,379$22,331
X-10c Land, buildings and equipment, netStart of year $142,031$135,860
X-11 Publicly traded securitiesStart of year $4,321,187$4,657,258
X-15 Other assetsStart of year $3,916$3,916
X-16 Total assetsStart of year $6,301,072$6,448,088
X-17 Accounts payable and accrued expensesStart of year $30,351$23,416
X-19 Deferred revenueStart of year $30,387$0
X-25 Other liabilitiesStart of year $301,457$394,852
X-26 Total liabilitiesStart of year $847,459$418,268
X-27 Net assets without donor restrictionsStart of year $2,764,456$3,196,387
X-28 Net assets with donor restrictionsStart of year $2,689,157$2,833,433
X-32 Total net assets or fund balancesStart of year $5,453,613$6,029,820
X-33 Total liabilities and net assetsStart of year $6,301,072$6,448,088
Part XI · Reconciliation of net assets $6,029,820 net assets at year end
XI-1 Total revenue$1,544,741
XI-2 Total expenses$1,174,862
XI-3 Revenue less expenses$369,879
XI-4 Net assets at start of year$5,453,613
XI-5 Net unrealized gains (losses) on investments$206,328
XI-10 Net assets at end of year$6,029,820

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

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