S C Press Association Foundation FY2024 filing

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Charitable and educational services for the news industry

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $28K a year · 714% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
9 mo
of spending, in cash
Plus $362K in investments, Pt X · Ln 11–13
Looks good: 9.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$161K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$8K
-1673% vs prior year
Spent
$32K
To programs
71%
Net assets
$654K
By yearFY2020–FY2025
Revenue
−$8K
FY2024▼ -1673%
Tap a bar for its year
Revenue by fiscal year
FY2020$13K
FY2021$13K
FY2022$18K
FY2023−$440
FY2024−$8K
FY2025−$12K
Expenses
$32K
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$31K
FY2021$32K
FY2022$35K
FY2023$29K
FY2024$32K
FY2025$30K
Net assets
$654K
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$670K
FY2021$708K
FY2022$617K
FY2023$622K
FY2024$654K
FY2025$645K

From the FY2024 Form 990 (year ending September 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1970.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $22K Management & general 29% · $9K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Co-Exec Dire
$0Pt VII · Sec A
Co-Exec Dire
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See S C Press Association 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

Provides charitable and educational services to support the news industry.

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2 programs · $22K · in their own filed words · FY2023
01

Direct college scholarships to juniors and seniors and internship awards

$13Kprogram expense
02

Educational and miscellaneous expenses

$9Kprogram 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 · FY2020
Total grants receivedfrom 1 funder$15K
Grants paid · 6 grants · $84K · 2019–2024
Unitemized GrantFY2024$10,960
Unitemized GrantFY2023$12,960
Unitemized GrantFY2022$11,460
Unitemized GrantFY2021$14,400
Unitemized GrantFY2020$17,000
Unitemized GrantFY2019$17,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
−$8K
Ln 12
Gifts and grantsLn 1h$7K
Money outPt IX
$32K
Ln 25
Programscol B$22K
Managementcol C$9K
Owns and owesPt X
$654K
net assets · Ln 32
Cash and savingsLn 1–2$24K
Total assetsLn 16$815K
LiabilitiesLn 26$161K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7K
Total revenueLn 12−$8K
Assets in detailPt X, end of year
CashLn 1$24K
Cash and savings togetherLn 1–2$24K
InvestmentsLn 11–13$362K
Land, buildings, equipmentLn 10c$429K
Total assetsLn 16$815K
LiabilitiesLn 26$161K
Net assetsLn 32$654K
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$5K$24K
InvestmentsLn 11–13$348K$362K
Land, buildings, equipmentLn 10c$444K$429K
Total assetsLn 16$796K$815K
LiabilitiesLn 26$174K$161K
Net assetsLn 32$622K$654K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$13K$13K
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$3K$3K
Office expensesLn 13$3$3
Other expenses (24a–d)Ln 24$12K$9K$2K
Total functional expensesLn 25$32K$22K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 17, 2026 −$12K$30K−$42K$645K 990 PDF
FY2024 ViewingFiled with the IRS Aug 13, 2025 −$8K$32K−$40K$654K 990 PDF
FY2023Filed with the IRS Aug 12, 2024 −$440$29K−$30K$622K 990 PDF
FY2022Filed with the IRS Jun 15, 2023 $18K$35K−$17K$617K 990 PDF
FY2021Filed with the IRS Feb 24, 2022 $13K$32K−$20K$708K 990 PDF
FY2020Filed with the IRS May 13, 2021 $13K$31K−$18K$670K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary −$7,800 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,975$7,025
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year −$8,415−$14,825
I-12 Total revenuePrior year −$440−$7,800
I-13 Grants and similar amounts paidPrior year $11,460$12,960
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $17,844$18,851
I-18 Total expensesPrior year $29,304$31,811
I-19 Revenue less expensesPrior year −$29,744−$39,611
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue −$7,800 across 4 lines filed
VIII-1f All other contributions, gifts and grants$7,025
VIII-1h Total contributions, gifts and grants$7,025
VIII-6 Net rental income or lossRelated to mission −$14,825−$14,825
VIII-12 Total revenueRelated to mission −$14,825−$7,800
Part IX · Statement of functional expenses $31,811 across 5 lines filed
IX-2 Grants to domestic individualsPrograms $12,960$12,960
IX-11c Accounting feesManagement $4,250$4,250
IX-11f Investment management feesManagement $2,804$2,804
IX-13 Office expensesManagement $3$3
IX-24 Other expenses (24a–d)Programs $9,482 · Management $2,312$11,794
IX-25 Total functional expensesPrograms $22,442 · Management $9,369 · Fundraising $0$31,811
Part X · Balance sheet $815,004 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $4,842$23,888
X-10c Land, buildings and equipment, netStart of year $443,644$429,219
X-11 Publicly traded securitiesStart of year $347,505$361,897
X-16 Total assetsStart of year $795,991$815,004
X-25 Other liabilitiesStart of year $174,251$160,678
X-26 Total liabilitiesStart of year $174,251$160,678
X-27 Net assets without donor restrictionsStart of year $444,234$448,392
X-28 Net assets with donor restrictionsStart of year $177,506$205,934
X-32 Total net assets or fund balancesStart of year $621,740$654,326
X-33 Total liabilities and net assetsStart of year $795,991$815,004
Part XI · Reconciliation of net assets $654,326 net assets at year end
XI-1 Total revenue−$7,800
XI-2 Total expenses$31,811
XI-3 Revenue less expenses−$39,611
XI-4 Net assets at start of year$621,740
XI-5 Net unrealized gains (losses) on investments$72,197
XI-10 Net assets at end of year$654,326

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

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