New Jersey Press Foundation Inc
- Assets
- $2.2m
- Revenue
- $188.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Ewing, NJ
- Founding
- 04/1963
- Data as of
- 12/2021
- EIN
- 22-6071765
Organization Overview
New Jersey Press Foundation Inc is located in Ewing, NJ. The organization was established in 1963. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Press Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, New Jersey Press Foundation Inc generated $188.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $145.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIGNIFICANT PROGRAMS INCLUDE JOURNALISM INTERNSHIPS, SCHOLARSHIPS, NEWSPAPERS IN EDUCATION AND ADMINISTRATION OF THE NJ COLLEGIATE SUMMER INTERNSHIPS & SCHOLARSHIPS - FOR COLLEGIATE JOURNALISTS THROUGH A COMPETITIVE - SELECTION PROCESS. NJPF PROVIDES PAID-INTERNSHIP & SCHOLARSHIP OPPORTUNITIES ANNUALLY TO 4-5 NJ COLLEGIATE JOURNALISTS ATTENDING SCHOOL IN-STATE OR OUT-OF-STATE. NEWSPAPERS IN EDUATION - NJPF PROVIDES NEWSPAPERS TO NJ SCHOOL CLASSROOMS STATEWIDE TO PROMOTE YOUTH READERSHIP & THE ACTIVE USE OF NEWSPAPERS AS A VALUABLE TEACHING TOOL IN CLASSROOMS (GRADES 4-12).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Blum Acting Treasurer | OfficerTrustee | 1 | $4,500 |
Bill Murray Chairman | OfficerTrustee | 1 | $0 |
Paul D'ambriso President | OfficerTrustee | 1 | $0 |
Brett Ainsworth 1st VP | OfficerTrustee | 1 | $0 |
Ron Morano Trustee | Trustee | 1 | $0 |
John J O'brien Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,102 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,102 |
| Total Program Service Revenue | $0 |
| Investment income | $25,411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,943 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $188,456 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,500 |
| 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 | $53,555 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,287 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $338 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,733 |
| Fees for services: Other | $10,738 |
| 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 | $0 |
| Total functional expenses | $145,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,833 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $97,949 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,146,227 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,248,009 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $13,038 |
| Total liabilities | $13,038 |
| Net assets without donor restrictions | $1,044,047 |
| Net assets with donor restrictions | $1,190,924 |
| 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 | $2,248,009 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Jersey Press Foundation Inc has recieved totaling $80,000.
| Awarding Organization | Amount |
|---|---|
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: Education | $80,000 |
Endowment Analysis
| Beg. Balance | $1,032,125 |
| Earnings | $82,450 |
| Net Contributions | $127,549 |
| Other Expense | $51,200 |
| Ending Balance | $1,190,924 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |