Iowa Newspaper Foundation
- Assets
- $2.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 03/1985
- Data as of
- 12/2021
- EIN
- 42-1233011
Organization Overview
Iowa Newspaper Foundation is located in Des Moines, IA. The organization was established in 1985. 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. Iowa Newspaper Foundation 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, Iowa Newspaper Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $435.1k 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
TO CHAMPION AND IMPROVE THE QUALITY AND FUTURE OF IOWA'S NEWSPAPER ENTERPRISES AND THE COMMUNITIES THEY SERVE AND TO RAISE FUNDS TO FULFILL THIS MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUT ON CONVENTIONS, SEMINARS, AND CONTESTS TO PROMOTE INDUSTRY AND TO INCREASE MEMBERSHIP UNDERSTANDING OF NEW REGULATIONS AND PRODUCTS IN THE INDUSTRY
AWARDED SCHOLARSHIPS TO JOURNALISM STUDENTS AND GRANTS TO NEWSPAPERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Evans Vice President | OfficerTrustee | 1 | $0 |
Mark Spensley President | OfficerTrustee | 1 | $0 |
Chris Conetzkey Secy-Treasurer | OfficerTrustee | 1 | $0 |
Susan Patterson Plank Executive Director | Officer | 40 | $0 |
Mark Rhoades Past President | Trustee | 1 | $0 |
Kendra Breitsprecher Member At Large | 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 | $180,132 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,132 |
| Total Program Service Revenue | $72,514 |
| Investment income | $92,077 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $160,320 |
| Net Gain/Loss on Asset Sales | $689,378 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,194,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,021 |
| 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 | $360,209 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,287 |
| 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 | $16,517 |
| Insurance | $0 |
| All other expenses | $5,069 |
| Total functional expenses | $435,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,077,442 |
| Savings and temporary cash investments | $1,348,884 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,447 |
| 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 | $1,615 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,433,388 |
| Accounts payable and accrued expenses | $3,631 |
| Grants payable | $0 |
| Deferred revenue | $12,000 |
| 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 | $414,168 |
| Total liabilities | $429,799 |
| Net assets without donor restrictions | $1,433,402 |
| Net assets with donor restrictions | $570,187 |
| 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 | $2,433,388 |
Grants Awarded
Over the last fiscal year, Iowa Newspaper Foundation has awarded $10,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
IOWA CENTER FOR PUBLIC AFFAIRS JOUNALISM PURPOSE: STRONG COMMUNITIES STRONG NEWSPAPER FUND | $5,000 |
SPENCER DAILY REPORTER PURPOSE: STRONG COMMUNITIES STRONG NEWSPAPER FUND | $3,000 |
IOWA STATE DAILY PURPOSE: STRONG COMMUNITIES STRONG NEWSPAPER FUND | $2,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Iowa Newspaper Foundation has recieved totaling $14,318.
| Awarding Organization | Amount |
|---|---|
Quad Cities Community Foundation Bettendorf, IA PURPOSE: GENERAL SUPPORT | $14,277 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $41 |
Endowment Analysis
| Beg. Balance | $524,520 |
| Earnings | $44,800 |
| Net Contributions | $5,000 |
| Grants | $13,021 |
| Ending Balance | $561,299 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Society Of Genetic Counselors Inc Chicago, IL | $6,031,708 | $4,172,256 |
International Association Of Business Communicators Chicago, IL | $856,866 | $2,406,715 |
Maywood Fine Arts Association Maywood, IL | $3,515,801 | $1,414,903 |
Aia Illinois Springfield, IL | $1,612,355 | $821,664 |
American Institute Of Architects Iowa Chapter Des Moines, IA | $644,510 | $840,997 |
Luminarts Cultural Foundation At The Union League Club Of Chicago Chicago, IL | $2,688,483 | $1,017,926 |
American Association Of Teachers Of French Marion, IL | $5,084,375 | $658,211 |
American Institute Of Architects Kansas City, MO | $675,522 | $664,208 |
Missouri Cable Telecommunications Association Jefferson City, MO | $314,105 | $647,946 |
Alexandria Area Arts Association Inc Alexandria, MN | $950,884 | $598,447 |
Minnesota Music Educators Association Brooklyn Park, MN | $378,257 | $590,745 |
Free Street Programs Inc Chicago, IL | $402,748 | $483,236 |