THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM

EIN: 861715499 501(c)(3) Arts, Culture & Humanities

BALTIMORE, MD

Total Revenue
$29,832,731
Total Expenses
$29,661,774
Total Assets
$25,548,498
Net Assets
$19,775,183
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
DE
Principal Officer
MICHAEL KATZ
Phone
4102468000
Tax Period
2023-01-01 to 2023-12-31

THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM, founded in 2021, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $29.8M in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION IS TO BE AN INDISPENSABLE RESOURCE THAT STRENGTHENS, UNITES, AND INSPIRES OUR BALTIMORE COMMUNITY. WE WILL ACCOMPLISH THIS THROUGH TRUSTWORTHY, QUALITY JOURNALISM THAT TELLS THE VARIED STORIES OF OUR PEOPLE, HOLDS OUR LEADERS ACCOUNTABLE, AND DELIVERS LOCAL NEWS THAT READERS ARE WILLING TO SUPPORT.

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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 $15,746,848
Program Service Revenue $14,030,262
Investment Income $222,294
Other Revenue $-166,673
TOTAL REVENUE $29,832,731

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,466,691
Fundraising Expenses $922,912
Program Expenses $26,825,594
Other Expenses $15,195,083
TOTAL EXPENSES $29,661,774

Year-over-Year Comparison

2023 2022 Change
Revenue $29,832,731 $17,431,025 +0.7%
Expenses $29,661,774 $17,307,585 +0.7%
Net Income $170,957 $123,440 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
7
Employees
115
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
2
$730,861
Total Directors
8
$0
Key Employees
4
$1,345,580
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEWART BAINUM JR CHAIRMAN 5.00
Director
$0 $0 $0
WILLIAM BILL L JEWS DIRECTOR 1.00
Director
$0 $0 $0
SANDY BAINUM DIRECTOR 1.00
Director
$0 $0 $0
JANET CURRIE DIRECTOR 1.00
Director
$0 $0 $0
JEDD GOULD SECRETARY 1.00
Director
$0 $0 $0
BRIAN MCGRORY DIRECTOR & INTERIM CEO 1.00
Director
$0 $0 $0
SHANAYSHA SAULS DIRECTOR 1.00
Director
$0 $0 $0
JOSH TYRANGIEL DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL KATZ TREASURER & SVP OF FINANCE & ANALYTICS 40.00
Officer
$249,157 $9,966 $259,123
KIMIKO YOSHINO EDITIOR IN CHIEF 40.00
Officer
$457,026 $14,712 $471,738
SHARON NEVINS CHIEF REVENUE OFFICER 40.00
Key Emp
$421,205 $13,022 $434,227
KLAS UDEN CHIEF MARKETING OFFICER 40.00
Key Emp
$386,594 $15,238 $401,832
ANDRE JONES SVP OF PEOPLE, CULTURE, DIVERSITY 40.00
Key Emp
$234,570 $7,437 $242,007
BISWAJIT GANGULY CHIEF TECHNOLOGY OFFICER 40.00
Key Emp
$255,265 $12,249 $267,514
ANDREA MCDANIELS MANAGING EDITOR 40.00
Highest
$263,191 $11,190 $274,381
MONIQUE JONES HEAD OF NEWSROOM STRATEGY 40.00
Highest
$246,658 $7,030 $253,688
RICHARD MARTIN DEPUTY MANAGING EDITOR 40.00
Highest
$207,755 $10,132 $217,887
NHAN NGO DIRECTOR, DIGITAL SALES OPERATIONS 40.00
Highest
$175,423 $0 $175,423
EMMA HARRIS HEAD OF NEWSROOM AUDIENCE AND DIGITAL EXPERIENCES 40.00
Highest
$171,051 $7,956 $179,007
IMTIAZ PATEL CHIEF EXECUTIVE OFFICER 40.00
$459,231 $769 $460,000
WILLIAM WARREN CHIEF PHILANTHROPIC OFFICER 40.00
$233,768 $4,475 $238,243
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 $29,832,731 $29,661,774 $25,548,498 $170,957
2023 $29,832,731 $29,661,774 $25,548,498 $170,957
2022 $17,431,025 $17,307,585 $23,964,840 $123,440
2021 $24,195,292 $4,457,404 $20,573,717 $19,737,888
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