Indianapolis Press Club Foundation Inc
- Assets
- $977.9k
- Revenue
- $62.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 12/1991
- Data as of
- 12/2022
- EIN
- 35-1813985
Organization Overview
Indianapolis Press Club Foundation Inc is located in Indianapolis, IN. The organization was established in 1991. 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. Indianapolis Press Club 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 12/2022, Indianapolis Press Club Foundation Inc generated $62.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $56.1k during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
THE INDIANAPOLIS PRESS CLUB FOUNDATION, INC. (IPCF) ENGAGES IN ACTIVITIES TO PROMOTE EXCELLENCE IN AND PUBLIC APPRECIATION FOR JOURNALISM IN INDIANA. IPCF'S ACTIVITIES INCLUDE, BUT ARE NOT LIMITED TO, SCHOLARSHIPS, PAID FELLOWSHIPS, AND AWARDS FOR INDIANA COLLEGE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INDIANAPOLIS PRESS CLUB FOUNDATION RUNS THREE MAIN PROGRAMS:1) THE THOMAS R. KEATING WRITING COMPETITION, WHICH IS A TWO-DAY JOURNALISM COMPETITION HELD ANNUALLY IN NOVEMBER. THE CONTEST BEGAN IN 1986 AND IS A TRIBUTE TO FORMER INDIANAPOLIS STAR COLUMNIST TOM KEATING. TEN UNDERGRADUATE STUDENTS COMPETE FOR A TOTAL OF $7,000 IN CASH AWARDS.2) IN PARTNERSHIP WITH THE INDIANAPOLIS MOTOR SPEEDWAY, THE FOUNDATION AWARDS THREE LAST ROW PARTY SCHOLARSHIPS TO INDIANA UNDERGRADUATE JOURNALISM STUDENTS. THE FOUNDATION HANDS OUT THESE AWARDS AT ITS ANNUAL FUNDRAISER AT THE END OF MAY, WHICH IS CALLED THE LAST ROW PARTY AND HELD AT THE PAGODA AT IMS. THE FOUNDATION DISTRIBUTES A TOTAL OF ABOUT $3,000 IN SCHOLARSHIPS FOR NEWS, FEATURES AND SPORTS WRITING.3) THE INDIANAPOLIS PRESS CLUB FOUNDATION BOARD HAS A PAID SUMMER FELLOWSHIP PROGRAM EACH YEAR FOR TWO INDIANA COLLEGE JOURNALISM STUDENTS. THE 10-WEEK FELLOWSHIPS PAY $6,000 TO EACH STUDENT AND PROVIDES SOLID JOURNALISM EXPERIENCE AT INDIANAPOLIS AREA NEWS SERVICES AND/OR TV AND RADIO STATIONS. SUMMER FELLOWS WORK 40 HOURS PER WEEK. THE FOUNDATION SEEKS TO PARTNER WITH A VARIETY OF LOCAL MEDIA GROUPS AND ROTATES SELECTIONS AS PART OF ITS ONGOING COMMITMENT TO PROVIDE PAID FELLOWSHIPS AT INDIANA MEDIA ORGANIZATIONS.
THE INDIANAPOLIS PRESS CLUB FOUNDATION RUNS THREE MAIN PROGRAMS:1) THE THOMAS R. KEATING WRITING COMPETITION, WHICH IS A TWO-DAY JOURNALISM COMPETITION HELD ANNUALLY IN NOVEMBER. THE CONTEST BEGAN IN 1986 AND IS A TRIBUTE TO FORMER INDIANAPOLIS STAR COLUMNIST TOM KEATING. TEN UNDERGRADUATE STUDENTS COMPETE FOR A TOTAL OF $7,000 IN CASH AWARDS.2) IN PARTNERSHIP WITH THE INDIANAPOLIS MOTOR SPEEDWAY, THE FOUNDATION AWARDS THREE LAST ROW PARTY SCHOLARSHIPS TO INDIANA UNDERGRADUATE JOURNALISM STUDENTS. THE FOUNDATION HANDS OUT THESE AWARDS AT ITS ANNUAL FUNDRAISER AT THE END OF MAY, WHICH IS CALLED THE LAST ROW PARTY AND HELD AT THE PAGODA AT IMS. THE FOUNDATION DISTRIBUTES A TOTAL OF ABOUT $3,000 IN SCHOLARSHIPS FOR NEWS, FEATURES AND SPORTS WRITING.3) THE INDIANAPOLIS PRESS CLUB FOUNDATION BOARD HAS A PAID SUMMER FELLOWSHIP PROGRAM EACH YEAR FOR TWO INDIANA COLLEGE JOURNALISM STUDENTS. THE 10-WEEK FELLOWSHIPS PAY $6,000 TO EACH STUDENT AND PROVIDES SOLID JOURNALISM EXPERIENCE AT INDIANAPOLIS AREA NEWS SERVICES AND/OR TV AND RADIO STATIONS. SUMMER FELLOWS WORK 40 HOURS PER WEEK. THE FOUNDATION SEEKS TO PARTNER WITH A VARIETY OF LOCAL MEDIA GROUPS AND ROTATES SELECTIONS AS PART OF ITS ONGOING COMMITMENT TO PROVIDE PAID FELLOWSHIPS AT INDIANA MEDIA ORGANIZATIONS.
THE KEATING PROGRAM IS AN ANNUAL DAYLONG WRITING CONTEST NAMED IN MEMORY OF LEGENDARY INDIANAPOLIS STAR COLUMNIST THOMAS R. KEATING. THE COMPETITION FEATURES 10 FINALISTS, REPRESENTING INDIANA PREMIERE JOURNALISM STUDENTS. THEY COMPETE FOR $7,000 IN PRIZE MONEY.
THE KEATING PROGRAM IS AN ANNUAL DAYLONG WRITING CONTEST NAMED IN MEMORY OF LEGENDARY INDIANAPOLIS STAR COLUMNIST THOMAS R. KEATING. THE COMPETITION FEATURES 10 FINALISTS, REPRESENTING INDIANA PREMIERE JOURNALISM STUDENTS. THEY COMPETE FOR $7,000 IN PRIZE MONEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Labalme Executive Director | 5 | $15,600 | |
Ebony Chappel Director | Trustee | 1 | $0 |
Greg Andrews VP Of Finance | Trustee | 1 | $0 |
Oseye Boyd VP Of Programs | Trustee | 1 | $0 |
Daniel Comiskey Director | Trustee | 1 | $0 |
Malcom Moran 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 | $19,154 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,154 |
| Total Program Service Revenue | $2,100 |
| Investment income | $23,652 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,590 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,496 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,135 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,600 |
| Compensation of current officers, directors, key employees. | $1,560 |
| 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 | $0 |
| Fees for services: Legal | $968 |
| Fees for services: Accounting | $1,542 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $750 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $271 |
| Information technology | $313 |
| Royalties | $0 |
| Occupancy | $100 |
| 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 | $2,466 |
| All other expenses | $730 |
| Total functional expenses | $56,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,420 |
| Savings and temporary cash investments | $23,558 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $948,399 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $562 |
| Total assets | $977,939 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $534,018 |
| Net assets with donor restrictions | $443,921 |
| 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 | $977,939 |