SOCIETY OF AMERICAN BUSINESS EDITORS AND WRITERS

EIN: 363297751 501(c)(3) Arts, Culture & Humanities

PHOENIX, AZ

Total Revenue
$406,578
Total Expenses
$488,805
Total Assets
$578,300
Net Assets
$400,824
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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
AZ
Principal Officer
STEPHANIE KLIMSTRA
Phone
6782097127
Tax Period
2023-01-01 to 2023-12-31

SOCIETY OF AMERICAN BUSINESS EDITORS AND WRITERS, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $407K in total revenue in fiscal year 2023. Expenses of $489K exceeded revenue, resulting in a 20% operating deficit.

Mission

MEMBERS OF THE SOCIETY FOR ADVANCING BUSINESS EDITING AND WRITING (SABEW) BAND TOGETHER IN THE INDIVIDUAL AND COLLECTIVE PURSUIT OF THE HIGHEST STANDARDS OF ECONOMIC JOURNALISM. IT IS SABEW'S MISSION AS AN INDEPENDENT, NON-PROFIT ORGANIZATION TO ENCOURAGE COMPREHENSIVE REPORTING OF ECONOMIC EVENTS WITHOUT FEAR OR FAVORITISM AND TO INCREASE MEMBERS' SKILLS AND KNOWLEDGE THROUGH CONTINUOUS EDUCATION. SABEW'S FIRST AMENDMENT COMMITTEE SUPPORTS PRESS FREEDOM THROUGH STATEMENTS, EVENTS AND TRAINING ABOUT THE IMPORTANCE OF JOURNALISM, INCLUDING THE PRINCIPLE THAT FACT-BASED REPORTING IS NECESSARY FOR THE HEALTH OF ROBUST DEMOCRACIES. SABEW ADVOCATES FOR FULL ACCESS TO FINANCIAL AND ECONOMIC DATA, INCLUDING INFORMATION COLLECTED AND DISTRIBUTED BY GOVERNMENTS. SABEW ALSO HOLDS AN ANNUAL BEST IN BUSINESS AWARDS COMPETITION, RECOGNIZING OUTSTANDING JOURNALISM CONDUCTED IN THE U.S. AND ABROAD AMONG PROFESSIONALS AND STUDENTS.

Program Service Accomplishments

Program 1
Expenses: $108,486 Revenue: $254,848

MEMBERS OF SABEW BAND TOGETHER IN THE INDIVIDUAL AND COLLECTIVE PURSUIT OF THE HIGHEST STANDARDS OF ECONOMIC JOURNALISM. THE ORGANIZATION RECOGNIZES THAT ECONOMIC FREEDOM IS INEXTRICABLY LINKED TO...

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MEMBERS OF SABEW BAND TOGETHER IN THE INDIVIDUAL AND COLLECTIVE PURSUIT OF THE HIGHEST STANDARDS OF ECONOMIC JOURNALISM. THE ORGANIZATION RECOGNIZES THAT ECONOMIC FREEDOM IS INEXTRICABLY LINKED TO POLITICAL FREEDOM AND THAT AN INFORMED CITIZENRY CAN ENSURE THESE FREEDOMS ARE SUSTAINED. IT IS SABEW'S MISSION AS AN INDEPENDENT NON-PROFIT ORGANIZATION TO ENCOURAGE COMPREHENSIVE REPORTING OF ECONOMIC EVENTS WITHOUT FEAR OR FAVORITISM AND TO INCREASE MEMBERS SKILLS AND KNOWLEDGE THROUGH CONTINUOUS EDUCATION. SABEW RECENTLY HAS BECOME MORE FOCUSED ON PRESS FREEDOM. TO THAT END, IT HAS ISSUED STATEMENTS AND CREATED EVENTS AND TRAINING HIGHLIGHTING THE IMPORTANCE OF JOURNALISM, INCLUDING THE PRINCIPAL THAT FACT-BASED REPORTING IS NECESSARY FOR THE HEALTH OF ROBUST DEMOCRACIES. SABEW ADVOCATES FOR FULL ACCESS TO FINANCIAL AND ECONOMIC DATA, INCLUDING INFORMATION COLLECTED AND DISTRIBUTED BY GOVERNMENTS. SABEW ALSO HOLDS AN ANNUAL BEST IN BUSINESS AWARDS COMPETITION, RECOGNIZING OUTSTANDING JOURNALISM CONDUCTED IN THE US AND ABROAD AMONG PROFESSIONALS AND STUDENTS.

Program 2
Expenses: $26,210 Revenue: $0

WALTER & KARLA GOLDSCHMIDT FOUNDATION FUNDS TWO PROGRAMS. THE FRED ADVANCED DATA TRAINING WORKSHOP FELLOWS HAVE THE OPPORTUNITY TO VISIT THE FEDERAL RESERVE BANK OF ST. LOUIS TO LEARN ABOUT ECONOMIC...

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WALTER & KARLA GOLDSCHMIDT FOUNDATION FUNDS TWO PROGRAMS. THE FRED ADVANCED DATA TRAINING WORKSHOP FELLOWS HAVE THE OPPORTUNITY TO VISIT THE FEDERAL RESERVE BANK OF ST. LOUIS TO LEARN ABOUT ECONOMIC DATA; DISCOVER HOW TO GRAPH DIFFERING TYPES OF FRED DATA; LEARN ABOUT NEW DATA RELEASES; EXPLORE DATA AND SPECIAL REPORTS THAT CAN HELP YOU CREATE NEW STORIES; HEAR FROM SPEAKERS WHO WILL DISCUSS HOW THEY TAKE THE PULSE OF THE AMERICAN ECONOMY, FEED THAT INFORMATION TO THE FEDERAL OPEN MARKET COMMITTEE (FOMC) AND INFLUENCE INTEREST RATE DECISIONS.THE GOLDSCHMIDT FELLOWSHIP FIVE-DAY DATA IMMERSION WORKSHOP FELLOWS WILL INTERACT WITH REPRESENTATIVES FROM GOVERNMENTAL AND NON-GOVERNMENTAL AGENCIES THAT PRODUCE THE DATA THAT BUSINESS JOURNALISTS USE EVERY DAY. THESE SESSIONS EXPAND THE JOURNALISTS' KNOWLEDGE OF ECONOMIC DATA WHILE HELPING GOVERNMENT AGENCIES BETTER TAILOR THAT DATA TO INFORM THE PUBLIC.

Program 3
Expenses: $7,700 Revenue: $0

NATIONAL ENDOWMENT FOR FINANCIAL EDUCATION (NEFE)STUDENTS WHO WRITE FOR THE COLLEGE CONNECT BLOG DESCRIBE THEIR OWN EXPERIENCES HANDLING AND MANAGING MONEY AND CREDIT. THIS PERSONAL FINANCE BLOG...

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NATIONAL ENDOWMENT FOR FINANCIAL EDUCATION (NEFE)STUDENTS WHO WRITE FOR THE COLLEGE CONNECT BLOG DESCRIBE THEIR OWN EXPERIENCES HANDLING AND MANAGING MONEY AND CREDIT. THIS PERSONAL FINANCE BLOG PROJECT IS FUNDED BY DENVER-BASED NATIONAL ENDOWMENT FOR FINANCIAL EDUCATION (NEFE).

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $135,981
Program Service Revenue $254,848
Investment Income $14,199
Other Revenue $1,550
TOTAL REVENUE $406,578

Expense Breakdown

Grants Paid $0
Salaries & Benefits $264,953
Fundraising Expenses $5,256
Program Expenses $142,396
Other Expenses $223,852
TOTAL EXPENSES $488,805

Year-over-Year Comparison

2023 2022 Change
Revenue $406,578 $422,790 0.0%
Expenses $488,805 $449,352 +0.1%
Net Income $-82,227 $-26,562 +2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
21
Independent Members
21
Employees
5
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$105,125
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DESIREE HANFORD PRESIDENT 5.00
Officer Director
$0 $0 $0
JAMES B NELSON VICE-PRESIDENT 5.00
Officer Director
$0 $0 $0
PIA SARKAR SECRETARY/TREASURER 5.00
Officer Director
$0 $0 $0
REBECCA BAKER DIRECTOR 5.00
Director
$0 $0 $0
ROBERT BARBA DIRECTOR 5.00
Director
$0 $0 $0
RICH BARBIERI DIRECTOR 5.00
Director
$0 $0 $0
ROMAINE BOSTICK DIRECTOR 5.00
Director
$0 $0 $0
DAVID CROW DIRECTOR 5.00
Director
$0 $0 $0
ALAN DEUTSCHMAN DIRECTOR 5.00
Director
$0 $0 $0
NANCY FARGHALLI DIRECTOR 5.00
Director
$0 $0 $0
MATTHEW GOLDBERG DIRECTOR 5.00
Director
$0 $0 $0
KELLI GRANT DIRECTOR 5.00
Director
$0 $0 $0
KRISTEN HALLAM DIRECTOR 5.00
Director
$0 $0 $0
JENNIFER LIBERTO DIRECTOR 5.00
Director
$0 $0 $0
DEAN MURPHY DIRECTOR 5.00
Director
$0 $0 $0
JANELLE NANOS DIRECTOR 5.00
Director
$0 $0 $0
BRIAN SOZZI DIRECTOR 5.00
Director
$0 $0 $0
OLIVER STALEY DIRECTOR 5.00
Director
$0 $0 $0
JAMES T MADORE DIRECTOR 5.00
Director
$0 $0 $0
STACEY VANEK SMITH DIRECTOR 5.00
Director
$0 $0 $0
SCOTT WENGER DIRECTOR 5.00
Director
$0 $0 $0
KATHLEEN GRAHAM THRU 523 EXECUTIVE DIRECTOR 40.00
Officer
$68,724 $4,497 $73,221
STEPHANIE KLIMSTRA EXECUTIVE DIRECTOR 40.00
Officer
$31,904 $0 $31,904
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $406,578 $488,805 $578,300 $-82,227
2022 $422,790 $449,352 $661,476 $-26,562
2021 $444,925 $374,709 $773,617 $70,216
2020 $406,164 $356,822 $652,399 $49,342
2019 $444,007 $380,521 $611,582 $63,486
2018 $478,994 $390,721 $537,296 $88,273
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