SOCIETY OF PROFESSIONAL JOURNALISTS FOUNDATION INC

EIN: 366106287 501(c)(3) Arts, Culture & Humanities

INDIANAPOLIS, IN

Total Revenue
$757,390
Total Expenses
$966,053
Total Assets
$15,585,651
Net Assets
$15,332,770
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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
IN
Principal Officer
CAROLINE HENDRIE
Phone
3179278000
Tax Period
2023-01-01 to 2023-12-31

SOCIETY OF PROFESSIONAL JOURNALISTS FOUNDATION INC, founded in 1965, is a small nonprofit in the Arts, Culture & Humanities sector that reported $757K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $966K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO AID, ENCOURAGE AND PROMOTE THE EDUCATION AND TRAINING OF PERSONS WHO INTEND TO ENTER OR ARE ALREADY IN THE FIELD OF JOURNALISM.

Program Service Accomplishments

Program 1
Expenses: $148,142

TO ACHIEVE THE PRIMARY EXEMPT PURPOSE, GRANT REQUESTS ARE ACCEPTED, REVIEWED AND AWARDED TO THOSE APPLICANTS WHO BEST MEET THE FOUNDATION'S MISSION STATEMENT. MORE SPECIFICALLY, GRANTS ARE AWARDED...

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TO ACHIEVE THE PRIMARY EXEMPT PURPOSE, GRANT REQUESTS ARE ACCEPTED, REVIEWED AND AWARDED TO THOSE APPLICANTS WHO BEST MEET THE FOUNDATION'S MISSION STATEMENT. MORE SPECIFICALLY, GRANTS ARE AWARDED FOR EDUCATIONAL PROGRAMS THAT HELP IN THE FOLLOWING AREAS: EDUCATING ABOUT THE IMPORTANCE OF OPEN GOVERNMENT, PROMOTING INTEGRITY, ENCOURAGING EXCELLENCE, FOSTERING DIVERSITY, INSPIRING NEW GENERATIONS OF TALENTED JOURNALISTS AND PROTECTING FREEDOM OF SPEECH AND PRESS.

Program 2
Expenses: $20,000

THE FOUNDATION FUNDED FUTURE LEADERS ACADEMY IN INDIANAPOLIS, WHERE POTENTIAL SPJ LEADERS ARE IDENTIFIED AND INVITED TO ATTEND A WEEKEND-LONG PROGRAM COMPLETE WITH NETWORKING, TRAINING, EDUCATION AND...

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THE FOUNDATION FUNDED FUTURE LEADERS ACADEMY IN INDIANAPOLIS, WHERE POTENTIAL SPJ LEADERS ARE IDENTIFIED AND INVITED TO ATTEND A WEEKEND-LONG PROGRAM COMPLETE WITH NETWORKING, TRAINING, EDUCATION AND LEARNING HOW TO BECOME AN EFFECTIVE LEADER WITHIN SPJ. THOSE SELECTED HAD THEIR TRAVEL, HOTEL AND SOME MEALS PAID FOR WHILE LEARNING ABOUT SPJ'S HISTORY AND STRUCTURE AND LEADERSHIP SKILLS.

Program 3
Expenses: $20,000

THE DIVERSITY FELLOWS PROGRAM AIMS TO OPEN MINDS AND OPEN DOORS IN NEWSROOMS AROUND THE COUNTRY BY GIVING FELLOWS THE OPPORTUNITY TO SEE FIRST-HAND HOW THE SOCIETY OF PROFESSIONAL JOURNALISTS WORKS...

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THE DIVERSITY FELLOWS PROGRAM AIMS TO OPEN MINDS AND OPEN DOORS IN NEWSROOMS AROUND THE COUNTRY BY GIVING FELLOWS THE OPPORTUNITY TO SEE FIRST-HAND HOW THE SOCIETY OF PROFESSIONAL JOURNALISTS WORKS AND WHAT IT HAS TO OFFER. THE FELLOWS ATTENDED THE SPJ23 JOURNALISM CONVENTION IN LAS VEGAS, SEPT. 28-30, 2023, WHERE THEY HAD ACCESS TO NETWORKING EVENTS, MET SPJ LEADERS AT THE NATIONAL AND LOCAL LEVELS AND INTERACTED WITH OTHER LEADERS IN JOURNALISM WHO ARE MAKING AN IMPACT IN AREAS OF DIVERSITY, EQUITY AND INCLUSION. THE PROGRAM IS NAMED AFTER DORI MAYNARD, AN SPJ FOUNDATION BOARD MEMBER BEGINNING IN 1999. IN 2001, SHE WAS NAMED AN SPJ FELLOW OF THE SOCIETY. MAYNARD WAS WELL-KNOWN FOR TIRELESSLY WORKING TO ENSURE DIVERSITY IN THE NEWSROOM. SHE CHALLENGED THE NEWS MEDIA TO LOOK AT THEMSELVES AND WHAT SHE CALLED "DISTORTED COVERAGE OF COMMUNITIES OF COLOR" WHEN COVERING AMERICA'S ONGOING RACIAL STRUGGLES AND THE IMPACT IT HAS ON THE COUNTRY.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $36,855
Program Service Revenue $0
Investment Income $698,235
Other Revenue $22,300
TOTAL REVENUE $757,390

Expense Breakdown

Grants Paid $148,142
Salaries & Benefits $382,359
Fundraising Expenses $133,741
Program Expenses $529,921
Other Expenses $417,552
TOTAL EXPENSES $966,053

Year-over-Year Comparison

2023 2022 Change
Revenue $757,390 $1,087,478 -0.3%
Expenses $966,053 $942,986 +0.0%
Net Income $-208,663 $144,492 -2.4%
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
31
Independent Members
31
Employees
N/A
Volunteers
31

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
6
$118,737
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROD HICKS DIRECTOR OF ETHICS AND DIV 1.00
Highest
$0 $14,054 $122,551
JENNIFER ROYER INTERIM EXECUTIVE DIRECTOR 1.00
Officer
$0 $23,114 $118,737
HAGIT LIMOR PRESIDENT 5.00
Officer Director
$0 $0 $0
EVELYN HSU VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
SONYA ROSS SECRETARY 1.00
Officer Director
$0 $0 $0
HOWARD S DUBIN TREASURER 2.00
Officer Director
$0 $0 $0
TODD J GILLMAN ASSOCIATE TREASURER 2.00
Officer Director
$0 $0 $0
SONNY ALBARADO BOARD MEMBER 1.00
Director
$0 $0 $0
DR BATTINTO L BATTS JR BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT BECKER BOARD MEMBER 1.00
Director
$0 $0 $0
APRIL BETHEA BOARD MEMBER 1.00
Director
$0 $0 $0
ASHANTI BLAIZE-HOPKINS BOARD MEMBER 1.00
Director
$0 $0 $0
FRED W BROWN JR BOARD MEMBER 1.00
Director
$0 $0 $0
IRWIN GRATZ BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA HALL BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW T HALL BOARD MEMBER 1.00
Director
$0 $0 $0
KELLY HAWES BOARD MEMBER 1.00
Director
$0 $0 $0
DANIELA IBARRA BOARD MEMBER 1.00
Director
$0 $0 $0
ALEX JONES BOARD MEMBER 1.00
Director
$0 $0 $0
BILL KETTER BOARD MEMBER 1.00
Director
$0 $0 $0
JANE KIRTLEY BOARD MEMBER 1.00
Director
$0 $0 $0
FRANK LOMONTE BOARD MEMBER 1.00
Director
$0 $0 $0
BILL MCCLOSKEY BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICIA GALLAGHER NEWBERRY BOARD MEMBER 1.00
Director
$0 $0 $0
ERNEST OWENS BOARD MEMBER 1.00
Director
$0 $0 $0
SUE PORTER BOARD MEMBER 1.00
Director
$0 $0 $0
NICOLLE PRAINO BOARD MEMBER 1.00
Director
$0 $0 $0
RUSSELL B PULLIAM BOARD MEMBER 1.00
Director
$0 $0 $0
JODI RAVE SPOTTED BEAR BOARD MEMBER 1.00
Director
$0 $0 $0
CLAIRE REGAN BOARD MEMBER 1.00
Director
$0 $0 $0
ANDY SCHOTZ BOARD MEMBER 1.00
Director
$0 $0 $0
ADAM SENNOTT BOARD MEMBER 1.00
Director
$0 $0 $0
PETER SZEKELY BOARD MEMBER 1.00
Director
$0 $0 $0
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 $757,390 $966,053 $15,585,651 $-208,663
2022 $1,087,478 $942,986 $14,555,760 $144,492
2021 $1,034,660 $862,474 $17,186,430 $172,186
2020 $1,176,389 $1,328,357 $15,282,157 $-151,968
2018 $1,670,736 $1,391,387 $14,432,864 $279,349
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