Pennsylvania Newsmedia Association
- Assets
- $6.7m
- Revenue
- $1.2m
- Investments
- $1.4m
- Employees
- 0
- Location
- Harrisburg, PA
- Founding
- 09/1944
- Data as of
- 12/2022
- EIN
- 23-0959460
Organization Overview
Pennsylvania Newsmedia Association is located in Harrisburg, PA. The organization was established in 1944. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennsylvania Newsmedia Association 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 12/2022, Pennsylvania Newsmedia Association generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $646.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRADE ASSOCIATION TO ADVANCE THE BUSINESS INTERESTS OF PENNSYLVANIA NEWS MEDIA ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A FORUM FOR THE EXCHANGE OF INFORMATION AND IDEAS IN ORDER TO FURTHER THE QUALITY AND PROFITABILITY OF THE STATE'S NEWS MEDIA INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph G Wingert Immediate Past Chariman | OfficerTrustee | 2 | $0 |
Harry Hartman Chairman | OfficerTrustee | 2 | $0 |
Bradford Simpson President | OfficerTrustee | 25 | $0 |
Jennifer L Bertetto Vice Chairman | OfficerTrustee | 2 | $0 |
Michael Joyce Director | Trustee | 1 | $0 |
Lawrance Binda Director | 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 | $7,653 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,653 |
| Total Program Service Revenue | $274,597 |
| Investment income | $56,311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $125,684 |
| Net Gain/Loss on Asset Sales | $618,564 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,171,586 |
| 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 | $329,819 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $157,454 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,959 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $164 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,705 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,495 |
| All other expenses | $4,751 |
| Total functional expenses | $646,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,160,302 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $177,066 |
| 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 | $19,212 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,398,326 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,911,517 |
| Total assets | $6,666,423 |
| Accounts payable and accrued expenses | $684,763 |
| Grants payable | $0 |
| Deferred revenue | $17,200 |
| 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 | $639,017 |
| Total liabilities | $1,340,980 |
| Net assets without donor restrictions | $5,325,443 |
| 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 | $6,666,423 |