School Of Journalism Foundation Of Kentucky Inc
- Assets
- $338.7k
- Revenue
- $23.0k
- Investments
- $294.4k
- Employees
- 0
- Location
- Frankfort, KY
- Founding
- 04/1966
- Data as of
- 12/2021
- EIN
- 61-0654689
Organization Overview
School Of Journalism Foundation Of Kentucky Inc is located in Frankfort, KY. The organization was established in 1966. 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. School Of Journalism Foundation Of Kentucky 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, School Of Journalism Foundation Of Kentucky Inc generated $23.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (25.0%) each year. All expenses for the organization totaled $18.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (31.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
KJF PROVIDES INTERNSHIPS TO STUDENTS TO GIVE THE OPPORTUNITY FOR ON THE JOB EXPERIENCES FOR JOURNALISM STUDENTS. HOWEVER, FOR 2021 THE INTERNSHP PROGRAM WAS HALTED DUE TO NEWSPAPERS TEMPORARILY STOPPED IN-OFFICE WORK DUE TO COVID. THIS PROGRAM WILL BE RESUMING IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Thompson Secretary/tr | 0 | $0 | |
Peter Baniak Chairman | 0 | $0 | |
Ryan Craig Director | 0 | $0 | |
Chip Hutcheson Director | 0 | $0 | |
Jay Nolan Vice Chairma | 0 | $0 | |
Loyd Ford Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,026 |
| Net Rental Income | $2,762 |
| Net Gain on Sale of Assets | $7,327 |
| Capital Gain Net Income | $7,327 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,061 |
| Total Revenue | $23,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $2,889 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,601 |
| Total operating and administrative expenses | $18,552 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $18,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,803 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $28,169 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,334 |
| Other assets | $0 |
| Total assets | $338,718 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
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