California Press Foundation
- Assets
- $955.4k
- Revenue
- $142.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 11/1998
- Data as of
- 03/2022
- EIN
- 68-0313934
Organization Overview
California Press Foundation is located in Sacramento, CA. The organization was established in 1998. 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. California Press 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 03/2022, California Press Foundation generated $142.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $65.1k during the year ending 03/2022. 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
GUARDING THE HISTORY AND TRADITIONS OF CALIFORNIA JOURNALISM, TO RECOGNIZE AND HONOR EXEMPLARY ACHIEVEMENTS, TO ASSURE THE FUTURE OF CALIFORNIA JOURNALISM THROUGH ENCOURAGEMENT OF EDUCATION AND TO PROVIDE A SOCIAL AND EDUCATION FORUM FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED VARIOUS NEWSPAPER EDUCATION AND OUTREACH ACTIVITES INCLUDING ARRANGING VISITS BY NEWSPAPER PEOPLE TO CAMPUS JOURNALISM CLASSES, REGIONAL AND STATEWIDE EDUCATIONAL EVENTS, AND COMMUNITY CIVIC EVENTS THROUGHOUT THE STATE OF CALIFORNIA, AND VARIOUS OTHER ACTIVITIES AND EVENTS TO AWARD AND RECOGNIZE JOURNALISTS FOR THEIR CONTRIBUTIONS TO CALIFORNIA JOURNALISM.
MISCELLANEOUS ACTIVITIES RELATED TO THE ORGANIZATON'S PRIMARY EXEMPT PURPOSE.
AWARDED EQUIPMENT GRANTS TO HIGH SCHOOLS AND COLLEGES OFFERING JOURNALISM EDUCATION TO IMPROVE THEIR ABILITY TO PROVIDE SUCH EDUCATION TO JOURNALISM STUDENTS.
AWARDED INTERNSHIP GRANTS TO HIGH SCHOOLS AND COLLEGES OFFERING JOURNALISM EDUCATION TO IMPROVE THEIR ABILITY TO PROVIDE SUCH EDUCATION TO JOURNALISM STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Eckenroth Chair | OfficerTrustee | 1 | $0 |
Jim Boren Director | Trustee | 1 | $0 |
Ron Redfern Secretary | OfficerTrustee | 1 | $0 |
Linda Bowen Director | Trustee | 1 | $0 |
Paulette Brown-Hinds Director | Trustee | 1 | $0 |
Bruce Brugman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,826 |
| Investment income | $64,803 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $251 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $142,880 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $10,000 |
| 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 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 | $25,000 |
| 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 | $6,480 |
| Fees for services: Other | $11,115 |
| Advertising and promotion | $1,100 |
| Office expenses | $592 |
| Information technology | $3,734 |
| 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 | $3,086 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $65,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,486 |
| Savings and temporary cash investments | $97,064 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,261 |
| 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 | $4,750 |
| Investments—publicly traded securities | $797,791 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $955,352 |
| Accounts payable and accrued expenses | $1,465 |
| 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 | $22,199 |
| Total liabilities | $23,664 |
| Net assets without donor restrictions | $931,688 |
| 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 |
| Total liabilities and net assets/fund balances | $931,688 |
Grants Awarded
Over the last fiscal year, California Press Foundation has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST AMENDMENT COALITION PURPOSE: GRANTS TO SUPPORT THE COALITION TO ADVANCE FREE SPEECH | $5,000 |
UNION TRIBUNE PURPOSE: HIGH SCHOOL TRAINING | $25,000 |