AMERICAN SOCIETY OF MAGAZINE EDITORS

EIN: 842695271 Community Improvement

NEW YORK, NY

Total Revenue
$869,297
Total Expenses
$875,215
Total Assets
$577,145
Net Assets
$108,114
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NY
Principal Officer
SIDNEY HOLT
Phone
2128723723
Tax Period
2023-01-01 to 2023-12-31

AMERICAN SOCIETY OF MAGAZINE EDITORS, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $869K in total revenue in fiscal year 2023.

Mission

AMERICAN SOCIETY OF MAGAZINE EDITORS ("ASME") IS THE PRINCIPAL INDUSTY TRADE ORGANIZATION IN THE UNITED STATES FOR THE EDITORIAL LEADERS OF MAGAZINES AND WEBSITES. FOUNDED IN 1963 AND FORMERLY WAS A DIVISION OF THE MAGAZINE PUBLISHERS OF AMERICA ("MPA"), ASME STRIVES TO SAFEGUARD THE FIRST AMENDMENT, SUPPORT THE DEVELOPMENT OF JOURNALISM AND DEFEND THE EDITORIAL INTEGRITY OF PRINT AND DIGITAL PUBLICATIONS. ASME SPONSORS THE ANNUAL NATIONAL MAGAZINE AWARDS FOR PRINT AND DIGITAL MEDIA IN ASSOCIATION WITH THE COLUMBIA UNIVERSITY GRADUATE SCHOOL OF JOURNALISM, CONDUCTS TRAINING PROGRAMS FOR REPORTERS AND EDITORS, AND PUBLISHES THE ASME GUIDELINES FOR EDITORS AND PUBLISHERS. ESTABLISHED IN 1966, THE NATIONAL MAGAZINE AWARDS ARE ONE OF THE MOST PRESTIGIOUS JOURNALISM AWARDS PROGRAMS IN THE UNITED STATES, COMPARABLE TO THE PULITZER PRIZE. ASME IS SOLELY RESPONSIBLE FOR THE ADMINISTRATION OF THE AWARDS. THE AWARDS ARE PRESENTED IN MORE THAN TWENTY CATEGORIES AND HONOR MAGAZINES AND WEBSITES FOR OUTSTANDING ACHIEVEMENT. ENTRY FEES FROM THE AWARDS FUND SCHOLARSHIPS AT THE COLUMBIA UNIVERSITY GRADUATE SCHOOL OF JOURNALISM.

Program Service Accomplishments

Program 1
Expenses: $713,867 Revenue: $863,090

ASME SPONSORS THE ANNUAL NATIONAL MAGAZINE AWARDS FOR PRINT AND DIGITAL MEDIA IN ASSOCIATION WITH THE COLUMBIA UNIVERSITY GRADUATE SCHOOL OF JOURNALISM, CONDUCTS TRAINING PROGRAMS FOR REPORTERS AND...

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ASME SPONSORS THE ANNUAL NATIONAL MAGAZINE AWARDS FOR PRINT AND DIGITAL MEDIA IN ASSOCIATION WITH THE COLUMBIA UNIVERSITY GRADUATE SCHOOL OF JOURNALISM, CONDUCTS TRAINING PROGRAMS FOR REPORTERS AND EDITORS, AND PUBLISHES THE ASME GUIDELINES FOR EDITORS AND PUBLISHERS. ASME ALSO SPONSORS THE ASME AWARD FOR FICTION, ASME NEXT AWARDS FOR JOURNALISTS UNDER 30, AND ASME BEST COVER CONTEST. IN ADDITION, ASME PUBLISHES THE ASME GUIDELINES FOR EDITORS AND PUBLISHERS. THESE GUIDELINES CODIFY BASIC PRINCIPLES FOR THE CONDUCT OF MAGAZINE JOURNALISTS. FIRST PUBLISHED IN 1982, THE ASME GUIDELINES ALSO SUMMARIZE INDUSTRY PRACTICES INTENDED TO PROTECT THE EDITORIAL INTEGRITY OF MAGAZINES AND WEBSITES AS WELL AS FEDERAL REGULATIONS RELEVANT TO MAGAZINE MEDIA. ASME STAFF MEMBERS FREQUENTLY ADVISE ASME MEMBERS AND THEIR COLLEAGUES ON THE IMPLEMENTATION OF THE GUIDELINES. ASME OFFERS A WIDE RANGE OF ADDITIONAL BENEFITS FOR ITS MEMBERS, INCLUDING EDUCATIONAL AND TRAINING PROGRAMS AND MULTI-DAY WORKSHOPS ON EDITORIAL SKILLS AND PRACTICES. ANNUAL WORKSHOPS INCLUDE THE ASME NEXT EDITORIAL WORKSHOP FOR JUNIOR-LEVEL EDITORS AND THE ASME LEGAL BRIEFING FOR EDITORS. A FULL-TUITION SCHOLARSHIP FOR THE YALE PUBLISHING COURSE IS ALSO AWARDED ANNUALLY TO AN ASME MEMBER. ASME PUBLISHES AN ANNUAL DIRECTORY OF EDITORIAL LEADERS FOR THE SOLE USE OF ITS MEMBERS AND HOSTS A JOBS-LISTING SERVICE ON THE ASME WEBSITE. THERE IS NO CHARGE TO ASME MEMBERS TO POST ON THE ASME JOB BOARD. ASME HAS ALSO SPONSORED THE MAGAZINE INTERNSHIP PROGRAM, A TEN-WEEK PROGRAM FOR RISING COLLEGE SENIORS AT MAGAZINES AND WEBSITES IN NEW YORK AND WASHINGTON. SINCE THE PROGRAM WAS FOUNDED IN 1967, 2,000 COLLEGE STUDENTS HAVE WORKED AS ASME INTERNS. NEARLY 500 HAVE GONE ON TO SUCCESSFUL CAREERS IN PRINT AND ELECTRONIC JOURNALISM. ASME'S PRIMARY SOURCES OF FINANCIAL SUPPORT ARE MEMBERSHIP DUES AND NATIONAL MAGAZINE AWARDS ENTRY FEES. ASME'S MEMBERSHIP IS DIVIDED INTO FOUR CLASSES, AND EACH CLASS OF MEMBERS PAYS A DIFFERENT ANNUAL FEE. THE CLASS OF MEMBERS CONSISTS OF CHIEF EDITORS, SENIOR EDITORS, ASSOCIATE MEMBERS, AND ASME NEXT MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $863,090
Investment Income $17
Other Revenue $6,190
TOTAL REVENUE $869,297

Expense Breakdown

Grants Paid $0
Salaries & Benefits $395,478
Fundraising Expenses $0
Program Expenses $713,867
Other Expenses $479,737
TOTAL EXPENSES $875,215

Year-over-Year Comparison

2023 2022 Change
Revenue $869,297 $815,387 +0.1%
Expenses $875,215 $749,454 +0.2%
Net Income $-5,918 $65,933 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
2
Volunteers
N/A

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
4
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMANDA KLUDT PRESIDENT 1.00
Officer Director
$0 $0 $0
ALISON OVERHOLT VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CHARLES WHITAKER SECRETARY 1.00
Officer Director
$0 $0 $0
JOE BROWN TREASURER 1.00
Officer Director
$0 $0 $0
SID EVANS DIRECTOR 1.00
Director
$0 $0 $0
IVYLISE SIMONES DIRECTOR 1.00
Director
$0 $0 $0
SUSAN GOLDBERG DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE MEHTA DIRECTOR 1.00
Director
$0 $0 $0
PAUL REYES DIRECTOR 1.00
Director
$0 $0 $0
JULIA TURNER DIRECTOR 1.00
Director
$0 $0 $0
LIZ VACCARIELLO DIRECTOR 1.00
Director
$0 $0 $0
GEOFF VAN DYKE DIRECTOR 1.00
Director
$0 $0 $0
RICHARD DORMENT DIRECTOR 1.00
Director
$0 $0 $0
RADHIKA JONES DIRECTOR 1.00
Director
$0 $0 $0
NIKHIL SWAMINATHAN DIRECTOR 1.00
Director
$0 $0 $0
CLARA JEFFERY DIRECTOR - EX OFFICIO 1.00
Director
$0 $0 $0
SIDNEY HOLT EXECUTIVE DIRECTOR 40.00
Highest
$217,194 $0 $217,194
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 $869,297 $875,215 $577,145 $-5,918
2022 $815,387 $749,454 $568,007 $65,933
2021 $731,815 $743,349 $480,322 $-11,534
2020 $824,499 $811,714 $138,596 $12,785
2019 $91,276 $44,428 $485,427 $46,848
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