Nation Fund For Independent Journalism Inc
- Assets
- $194.6k
- Revenue
- $652.4k
- Investments
- $0.0
- Employees
- 17
- Location
- New York, NY
- Founding
- Data as of
- 12/2023
- EIN
- 84-4266161
Organization Overview
Nation Fund For Independent Journalism Inc is located in New York, NY. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Nation Fund For Independent Journalism Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nation Fund For Independent Journalism 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 12/2023, Nation Fund For Independent Journalism Inc generated $652.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 44.1% each year . All expenses for the organization totaled $583.6k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FUND IS TO EXPAND THE OPPORTUNITIES FOR DIVERSE VOICES AND PERSPECTIVES AND EDUCATE EARLY-CAREER JOURNALISTS IN ORDER TO STRENGTHEN INDEPENDENT MEDIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE FUND IS TO IDENTIFY AND NURTURE THE NEXT GENERATION OF INDEPENDENT JOURNALISTS AND MEDIA PROFESSIONALS, OFFER TRAINING AND OUTLETS FOR THEIR WRITING, AND HELP STUDENTS DEVELOP VITALLY IMPORTANT CRITICAL THINKING SKILLSTHE FUND COMMENCED THE INTERNSHIP PROGRAM AND IS CURRENTLY FUNDING AND RUNNING THE INTERN PROGRAM,
THE STUDENT NATION PROGRAM AIMS TO ENCOURAGE, PROMOTE, AND EXPAND THE IMPACT OF A RISING GENERATION OF STUDENT JOURNALISTS BY HELPING THEM DEVELOP A HIGH STANDARD OF PROFESSIONALISM IN THE EDITORIAL AND PUBLICATION PROCESSES. STUDENTS RECEIVE MENTORSHIP AND OVERSIGHT FROM THE NATION STAFF AND ALSO HAVE THE OPPORTUNITY TO NETWORK WITH FELLOW STUDENT JOURNALISTS. EACH YEAR, STUDENTNATION PUBLISHES MORE THAN 100 PIECES OF ORIGINAL CONTENT, INCLUDING FIRST PERSON ACCOUNTS OF CAMPUS CAMPAIGNS, LOCAL STUDENT REPORTING, AND COVERAGE OF LEGISLATIVE ISSUES RELEVENT TO STUDENTS AND YOUNG PEOPLE
FISCAL SPONSORSHIP PROGRAM, THE NATION FUND ACTS AS A FISCAL SPONSOR TO AN ENTITY THAT ENGAGES IN ACTIVITIES THAT ARE CONSISTENT WITH THE MISSION OF THE NATION FUND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bhasker Sunkara Executive Dir. | OfficerTrustee | 7.5 | $0 |
Vincent Mcgee Trustee | Trustee | 2 | $0 |
Krishen Mehta Treasurer | Trustee | 2 | $0 |
Malia Lazu Secretary | Trustee | 2 | $0 |
Julia Ott Director | Trustee | 2 | $0 |
Ruth Messinger Director | Trustee | 2 | $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 | $652,395 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $652,395 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $652,395 |
| 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 | $0 |
| Fees for services: Legal | $346 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $52 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $166,698 |
| Total functional expenses | $583,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,569 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $194,569 |
| Accounts payable and accrued expenses | $136,587 |
| 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 | $136,587 |
| Net assets without donor restrictions | $57,982 |
| 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 | $194,569 |