New York Press Association Inc
- Assets
- $749.4k
- Revenue
- $236.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Cohoes, NY
- Founding
- 11/1964
- Data as of
- 12/2023
- EIN
- 15-0505851
Organization Overview
New York Press Association Inc is located in Cohoes, NY. The organization was established in 1964. According to its NTEE Classification (J01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Press Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, New York Press Association Inc generated $236.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $469.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FORMED TO PROMOTE AND ENCOURAGE HIGHER STANDARDS OF JOURNALISM; TO AID AND ADVANCE THE STUDY AND TEACHING OF JOURNALISM; TO ENCOURAGE AND PROMOTE A BETTER UNDERSTANDING BETWEEN THE PUBLIC AND THE PRESS; TO SUPPORT AND DEFEND THE FIRST AMENDMENT AND TO SUPPORT THE ECONOMIC PROSPERITY OF NEWSPAPERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ASSISTED ITS MEMBERS WITH AWARENESS OF ISSUES THAT AFFECT THE FREE PRESS, TRAINING AND EDUCATION DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Dempsey Director | Trustee | 0 | $0 |
Marilyn Kasperek Director | Trustee | 0 | $0 |
Cheryl Phillips Director | Trustee | 0 | $0 |
Sharon Lynett Director | Trustee | 0 | $0 |
Alec Johnson President Elect, Nypa | Trustee | 0 | $0 |
Dave Tyler Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $117,953 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,953 |
| Total Program Service Revenue | $141,613 |
| Investment income | $15,588 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$40,333 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $236,522 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $194,670 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,333 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $25,477 |
| Total functional expenses | $469,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,740 |
| Savings and temporary cash investments | $709 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,020 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,984 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $638,952 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $970 |
| Total assets | $749,375 |
| Accounts payable and accrued expenses | $4,466 |
| Grants payable | $0 |
| Deferred revenue | $9,350 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $722,852 |
| Total liabilities | $736,668 |
| Net assets without donor restrictions | $12,707 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $749,375 |