THE LENFEST INST FOR JOURNALISM SPE ASSET FUND OF THE PHL FOUNDATION: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- THE LENFEST INST FOR JOURNALISM SPE ASSET FUND OF THE PHL FOUNDATION (EIN 04-3731829)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-08
- IRS object ID
- 202243129349303804
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-08T14:30:46-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 610 W GERMANTOWN PIKE SUITE 400 | AddressLine1Txt |
| City | PLYMOUTH MEETING | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19462 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043731829 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE LENFEST INSTITUTE FOR JOURNALISM | BusinessNameLine1Txt |
| Business Name Line2 | SPECIAL ASSET FUND OF TPF | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LENF | BusinessNameControlTxt |
| Phone | 2155636417 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1835 MARKET STREET 2410 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PEDRO A RAMOS | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 2155636417 | PhoneNum |
| Signature | 2022-11-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | PEDRO | PersonFirstNm |
| Person Last | RAMOS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CONNIE M LIRA | PreparerPersonNm |
| PTIN | P00481097 | PTIN |
| Phone | 2156433900 | PhoneNum |
| Preparation | 2022-11-03 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | PEDRO A RAMOS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1835 MARKET STREET 2410 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $23,626,327 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2002 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | SUPPORT THE PHILADELPHIA FOUNDATION BY ENABLING QUALITY LOCAL JOURNALISM IN THE COMMUNITY | ActivityOrMissionDesc |
| Voting Members Governing Body | 32 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 30 | VotingMembersIndependentCnt |
| Total Employee | 22 | TotalEmployeeCnt |
| Total Volunteers | 37 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $19,037,119 | PYContributionsGrantsAmt |
| CY Contributions Grants | $12,504,732 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,467,759 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,548,958 | CYInvestmentIncomeAmt |
| PY Other Revenue | $246,076 | PYOtherRevenueAmt |
| CY Other Revenue | $343,960 | CYOtherRevenueAmt |
| PY Total Revenue | $21,750,954 | PYTotalRevenueAmt |
| CY Total Revenue | $14,397,650 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $24,932,164 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $9,756,904 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,434,781 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,596,310 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,163,454 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,542,752 | PYOtherExpensesAmt |
| CY Other Expenses | $4,075,939 | CYOtherExpensesAmt |
| PY Total Expenses | $30,909,697 | PYTotalExpensesAmt |
| CY Total Expenses | $16,429,153 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$9,158,743 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$2,031,503 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $97,432,232 | TotalAssetsBOYAmt |
| Total Assets EOY | $99,634,192 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,859,295 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,880,799 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $91,572,937 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $94,753,393 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF THE LENFEST INSTITUTE FOR JOURNALISM SPECIAL ASSET FUND OF THE PHILADELPHIA FOUNDATION (THE INSTITUTE) IS TO RECEIVE, MANAGE, AND DISTRIBUTE ASSETS IN SUPPORT OF THE PHILADELPHIA FOUNDATION (TPF) BY ENABLING QUALITY LOCAL JOURNALISM THAT SERVES THE COMMUNITY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $14,296,629 | ExpenseAmt |
| Grant | $9,756,904 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | THE LENFEST INSTITUTE FOR JOURNALISM, LLC (LLC):THE LLC IS A DISREGARDED ENTITY OF THE INSTITUTE, THAT SUPPORTS BOTH THE DIGITAL TRANSFORMATION OF HERITAGE NEWS ORGANIZATIONS AND THE ENTREPRENEURIAL EFFORTS OF YOUNG, INNOVATIVE COMPANIES. THE INSTITUTE BELIEVES THAT QUALITY CIVIC JOURNALISM REQUIRES NEW BUSINESS MODELS, POWERFUL INNOVATIONS AND GROWING, DIVERSE AUDIENCES TO ACHIEVE SUSTAINABILITY IN THE DIGITAL AGE. IT FUNDS PROGRAMS THAT PRODUCE HIGH-IMPACT JOURNALISM, INNOVATIVE NEWS TECHNOLOGY, AND THAT LEAD TO HIGHLY ENGAGED, DIVERSE AND GROWING AUDIENCES.(CONTINUED ON SCHEDULE O.)HIGH-IMPACT JOURNALISM:QUALITY, IN-DEPTH REPORTING REMAINS THE FUNDAMENTAL VALUE PROPOSITION BETWEEN LOCAL NEWS ORGANIZATIONS AND THEIR AUDIENCES. THE INSTITUTE INVESTS IN INDISPENSABLE PUBLIC-BENEFIT JOURNALISM FOR THE COMMUNITIES IT SERVES.NEWS TECHNOLOGY AND INNOVATION:TO SURVIVE AND THRIVE, LOCAL NEWS ENTERPRISES MUST BE NIMBLE, TECH-ENABLED AND COMMITTED TO CONSTANT INNOVATION. INVESTING IN THE TECHNICAL MUSCLE OF NEWS ORGANIZATIONS AND INTRODUCING NEW TOOLS IMPROVE CUSTOMER EXPERIENCE, AUDIENCE ENGAGEMENT AND OPERATIONAL EFFICIENCY, ALL KEY TO BUSINESS SUSTAINABILITY.DIVERSE AND GROWING AUDIENCES:DIVERSE AND INCLUSIVE NEWSROOMS ATTRACT DIVERSE AND GROWING AUDIENCES. OUR INVESTMENTS IN NEWSROOM DIVERSITY, COMMUNITY LISTENING PROJECTS, AND MULTI-CULTURAL NEWS MEDIA ADDRESS SOME OF JOURNALISM'S BIGGEST CHALLENGES AND ONE OF ITS GREATEST OPPORTUNITIES. KNIGHT-LENFEST TRANSFORMATION FUND:THE KNIGHT-LENFEST TRANSFORMATION FUND IS A FIVE-YEAR EFFORT DESIGNED TO ACCELERATE INNOVATION IN LOCAL NEWS ORGANIZATIONS IN PHILADELPHIA AND ACROSS THE UNITED STATES. THE FUND WAS CREATED BY THE JOHN S. AND JAMES L. KNIGHT FOUNDATION AND THE INSTITUTE TO HELP BUILD A SUSTAINABLE, EQUITABLE FUTURE FOR LOCAL NEWS.FACEBOOK LOCAL NEWS ACCELERATORS:THE FACEBOOK JOURNALISM PROJECT ACCELERATOR IS A BROAD PROGRAM COMPRISED OF THREE DIFFERENT COMMON PROBLEM AREAS IN THE NEWS INDUSTRY AND SOLUTIONS OF HOW TO OVERCOME THEM. IT ENCOMPASSES THE SUBSCRIPTION ACQUISITION, SUBSCRIPTION RETENTION, AND MEMBERSHIP RETENTION ACCELERATORS. FUNDED AND ORGANIZED BY THE FACEBOOK JOURNALISM PROJECT, THE PROGRAMS INCLUDE HANDS-ON WORKSHOPS, A GRANTMAKING PROGRAM, AND REGULAR REPORTS ON BEST PRACTICES.SPOTLIGHT PA:SPOTLIGHT PA IS A COLLABORATIVE EFFORT AMONG THE PHILADELPHIA INQUIRER AND PENN LIVE/PATRIOT NEWS THAT IS DEDICATED TO PRODUCING NONPARTISAN INVESTIGATIVE JOURNALISM ABOUT PENNSYLVANIA GOVERNMENT AND URGENT STATEWIDE ISSUES.INNOVATION GRANTS:THE INSTITUTE HAS AWARDED TWO TYPES OF GRANTS: THE LOCAL NEWS BUSINESS MODEL CHALLENGE FOR PROJECTS THAT EXPLORE NEW BUSINESS MODELS FOR SUSTAINABLE LOCAL NEWS AND INFORMATION ORGANIZATIONS, AND THE PHILADELPHIA NEWS ECOSYSTEM COLLABORATION GRANTS FOR PLANNING OR PROTOTYPE PROJECTS BRINGING TOGETHER ORGANIZATIONS IN THE PHILADELPHIA AREA FOR CLOSER COLLABORATION.OTHER PROGRAM ACTIVITIES:THE INSTITUTE SUPPORTS BOTH THE DIGITAL TRANSFORMATION OF HERITAGE NEWS ORGANIZATIONS AND THE ENTREPRENEURIAL EFFORTS OF YOUNG, INNOVATIVE COMPANIES. OTHER PROGRAM ACTIVITIES INCLUDE CONVENING, ADVISORY WORK, LEARNINGS SEMINARS, RESEARCH AND OTHER OUTREACH IN SUPPORT OF LOCAL JOURNALISM. | Desc |
| Total Program Service Expenses | $14,296,629 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 76 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 22 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 32 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 30 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KAREN CLEARY | PersonNm |
| Phone | 2155636417 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 MARKET STREET STE 300 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19107 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (40 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| PEDRO A RAMOS | |||||||||
| SECRETARY, PRESIDENT & CEO | 1.20 | 36.20 | Yes (X) | Yes (X) | $0 | $385,346 | $66,657 | ||
| JAMES FRIEDLICH | |||||||||
| CHIEF EXECUTIVE OFFICER - LLC | 35.00 | 0.00 | Yes (X) | Yes (X) | $342,105 | $0 | $84,659 | ||
| ANNIE MADONIA | |||||||||
| CHIEF ADVANCEMENT OFFICER | 35.00 | 0.00 | $279,610 | $0 | $94,980 | Yes (X) | |||
| KEN HERTS | |||||||||
| CHIEF OPERATING OFFICER - LLC | 35.00 | 0.00 | Yes (X) | $275,878 | $0 | $28,791 | |||
| ORLANDO ESPOSITO | |||||||||
| TPF CHIEF FINANCIAL OFFICER | 1.00 | 35.20 | Yes (X) | $0 | $201,289 | $55,508 | |||
| JANELLE STAFFORD | |||||||||
| MANAGING DIRECTOR - LLC | 35.00 | 0.00 | $205,116 | $0 | $33,908 | Yes (X) | |||
| REBECCA FORMAN | |||||||||
| DIRECTOR OF ADVANCEMENT - LLC | 35.00 | 0.00 | $163,230 | $0 | $24,657 | Yes (X) | |||
| SHAWN MOORING | |||||||||
| PROGRAM DIRECTOR - LLC | 35.00 | 0.00 | $129,161 | $0 | $25,913 | Yes (X) | |||
| JOSEPH LICHTERMAN | |||||||||
| COMM. & EDITORIAL DIRECTOR - LLC | 35.00 | 0.00 | $108,004 | $0 | $10,790 | Yes (X) | |||
| KAREN CLEARY | |||||||||
| CHIEF FINANCIAL OFFICER - LLC | 20.00 | 0.00 | Yes (X) | $87,615 | $0 | $8,762 | |||
| KATE ALLISON | |||||||||
| CHAIR | 0.20 | 6.20 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MINDY POSOFF | |||||||||
| VICE CHAIR | 0.20 | 5.20 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| KERRY BENSON | |||||||||
| TREASURER | 0.20 | 6.20 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DAVID BOARDMAN | |||||||||
| CHAIR - LLC | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ROSALIND REMER | |||||||||
| VICE CHAIR - LLC | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| STEVEN SCOTT BRADLEY | |||||||||
| BOARD MEMBER | 0.20 | 1.20 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM J BURKE | |||||||||
| BOARD MEMBER | 0.20 | 1.20 | Yes (X) | $0 | $0 | $0 | |||
| FERNANDO CHANG-MUY | |||||||||
| BOARD MEMBER | 0.20 | 1.20 | Yes (X) | $0 | $0 | $0 | |||
| STEPHEN A COZEN | |||||||||
| BOARD MEMBER | 0.20 | 1.20 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTINA MESIRES FOURNARIS | |||||||||
| BOARD MEMBER | 0.20 | 1.20 | Yes (X) | $0 | $0 | $0 | |||
| LON GREENBERG | |||||||||
| BOARD MEMBER | 0.20 | 1.20 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM P HANKOWSKY | |||||||||
| BOARD MEMBER | 0.20 | 1.20 | Yes (X) | $0 | $0 | $0 | |||
| DIXIEANNE JAMES | |||||||||
| BOARD MEMBER | 0.20 | 1.20 | Yes (X) | $0 | $0 | $0 | |||
| SHIRIN KARSAN | |||||||||
| BOARD MEMBER | 0.20 | 1.20 | Yes (X) | $0 | $0 | $0 | |||
| EVELYN MCNIFF | |||||||||
| BOARD MEMBER | 0.20 | 1.20 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL K PEARSON | |||||||||
| BOARD MEMBER | 0.20 | 1.20 | Yes (X) | $0 | $0 | $0 | |||
| R DUANE PERRY | |||||||||
| BOARD MEMBER | 0.20 | 1.20 | Yes (X) | $0 | $0 | $0 | |||
| ANDREW ROGOFF | |||||||||
| BOARD MEMBER | 0.20 | 1.20 | Yes (X) | $0 | $0 | $0 | |||
| JANE SCACCETTI | |||||||||
| BOARD MEMBER | 0.20 | 1.20 | Yes (X) | $0 | $0 | $0 | |||
| AMANDA BENNETT | |||||||||
| MANAGER - LLC | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL X DELLI CARPINI PH D | |||||||||
| MANAGER - LLC | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID HAAS | |||||||||
| MANAGER - LLC | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| TONY HAILE | |||||||||
| MANAGER - LLC | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ERRIN HAINES | |||||||||
| MANAGER - LLC | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KEITH LEAPHART | |||||||||
| MANAGER - LLC | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MARTIN NISENHOLTZ | |||||||||
| MANAGER - LLC | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| HONG QU | |||||||||
| MANAGER - LLC | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SULAIMAN RAHMAN | |||||||||
| MANAGER - LLC | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| VIJAY RAVINDRAN | |||||||||
| MANAGER - LLC | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ROY ROSIN | |||||||||
| MANAGER - LLC | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,590,719 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $586,635 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $434,625 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| DAZZLE LLC | |||||
| 4207 SE WOODSTOCK BLVD 486 | PORTLAND | OR | 97206 | BUILD INFRASTRUCTURE FOR BIPOC JOURNOS | $195,000 |
| BUCHANAN INGERSOLL AND ROONEY PC | |||||
| 50 S 16TH ST 3200 | PHILADELPHIA | PA | 19102 | LEGAL SERVICES | $128,264 |
| VANGUARD INSTITUTIONAL ADVISORY SERVICES | |||||
| PO BOX 3009 | MONROE | WI | 535668309 | INVESTMENT MANAGEMENT SERVICES | $103,190 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $35,050 | RelatedOrganizationsAmt |
| All Other Contributions | $12,469,682 | AllOtherContributionsAmt |
| Total Contributions | $12,504,732 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,412,652 | TotalRevenueColumnAmt |
| Exclusion | $1,412,652 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $9,364,983 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $9,228,677 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $136,306 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $136,306 | TotalRevenueColumnAmt |
| Exclusion | $136,306 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FEE FOR SERVICE INCOME/GRANT OVER | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $343,960 | TotalRevenueColumnAmt |
| Exclusion | $343,960 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $343,960 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,397,650 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,892,918 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,733,755 | TotalAmt |
| Program Services | $9,733,755 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,149 | TotalAmt |
| Program Services | $23,149 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,174,211 | TotalAmt |
| Program Services | $411,098 | ProgramServicesAmt |
| Management And General | $227,392 | ManagementAndGeneralAmt |
| Fundraising | $535,721 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,118,826 | TotalAmt |
| Program Services | $639,137 | ProgramServicesAmt |
| Management And General | $152,619 | ManagementAndGeneralAmt |
| Fundraising | $327,070 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,178 | TotalAmt |
| Program Services | $46,818 | ProgramServicesAmt |
| Management And General | $16,210 | ManagementAndGeneralAmt |
| Fundraising | $33,150 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,595 | TotalAmt |
| Program Services | $32,372 | ProgramServicesAmt |
| Management And General | $36,468 | ManagementAndGeneralAmt |
| Fundraising | $9,755 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $128,500 | TotalAmt |
| Program Services | $61,336 | ProgramServicesAmt |
| Management And General | $23,061 | ManagementAndGeneralAmt |
| Fundraising | $44,103 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $128,267 | TotalAmt |
| Management And General | $128,267 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,026 | TotalAmt |
| Management And General | $55,026 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,190 | TotalAmt |
| Management And General | $103,190 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,215,579 | TotalAmt |
| Program Services | $2,993,415 | ProgramServicesAmt |
| Management And General | $125,982 | ManagementAndGeneralAmt |
| Fundraising | $96,182 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,774 | TotalAmt |
| Program Services | $48,942 | ProgramServicesAmt |
| Management And General | $24,896 | ManagementAndGeneralAmt |
| Fundraising | $37,936 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,735 | TotalAmt |
| Program Services | $15,726 | ProgramServicesAmt |
| Management And General | $10,497 | ManagementAndGeneralAmt |
| Fundraising | $17,512 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,860 | TotalAmt |
| Program Services | $24,170 | ProgramServicesAmt |
| Management And General | $18,799 | ManagementAndGeneralAmt |
| Fundraising | $25,891 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,693 | TotalAmt |
| Program Services | $23,283 | ProgramServicesAmt |
| Management And General | $1,682 | ManagementAndGeneralAmt |
| Fundraising | $2,728 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,215 | TotalAmt |
| Program Services | $21,549 | ProgramServicesAmt |
| Management And General | $4,053 | ManagementAndGeneralAmt |
| Fundraising | $17,613 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $774 | TotalAmt |
| Program Services | $272 | ProgramServicesAmt |
| Management And General | $211 | ManagementAndGeneralAmt |
| Fundraising | $291 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,315 | TotalAmt |
| Management And General | $23,315 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PROGRAM EXPENSES | $134,952 | $134,352 | $200 | $400 |
| MEMBERSHIP DUES | $111,307 | $87,255 | $8,950 | $15,102 |
| BAD DEBT EXPENSE | $8,252 | $8,252 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,429,153 | TotalAmt |
| Program Services | $14,296,629 | ProgramServicesAmt |
| Management And General | $969,070 | ManagementAndGeneralAmt |
| Fundraising | $1,163,454 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,387,508 | BOYAmt |
| EOY | $10,911,163 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,180,750 | BOYAmt |
| EOY | $5,094,539 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,112 | BOYAmt |
| EOY | $66,940 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $50,207 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $14,704 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,277 | BOYAmt |
| EOY | $35,503 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,562,835 | BOYAmt |
| EOY | $69,667,433 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,223,750 | BOYAmt |
| EOY | $13,858,614 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,432,232 | BOYAmt |
| EOY | $99,634,192 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,621,284 | BOYAmt |
| EOY | $2,791,800 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,238,011 | BOYAmt |
| EOY | $2,088,999 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,859,295 | BOYAmt |
| EOY | $4,880,799 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,104,588 | BOYAmt |
| EOY | $2,200,987 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,468,349 | BOYAmt |
| EOY | $92,552,406 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,572,937 | BOYAmt |
| EOY | $94,753,393 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,432,232 | BOYAmt |
| EOY | $99,634,192 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$2,031,503 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $5,211,959 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type1 | Yes (X) | SupportingOrgType1Ind |
| Supported Organizations | 1 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PHILADELPHIA FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 231581832 | EIN |
| Organization Type | 8 | OrganizationTypeCd |
| Governing Document Listed | Yes (1) | GoverningDocumentListedInd |
| Support | $14,296,629 | SupportAmt |
| Other Support | $0 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $14,296,629 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | 0 | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Power Appoint Majority Dir Trst | Yes (1) | PowerAppointMajorityDirTrstInd |
| Operate Benefit Non Suprt Org | 0 | OperateBenefitNonSuprtOrgInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $65,927,907 | BeginningYearBalanceAmt |
| Contributions | $1,300,000 | ContributionsAmt |
| Investment Earnings Or Losses | $6,758,130 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,215,414 | OtherExpendituresAmt |
| Administrative Expenses | $103,190 | AdministrativeExpensesAmt |
| End Year Balance | $69,667,433 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $63,938,879 | BeginningYearBalanceAmt |
| Contributions | $1,400,000 | ContributionsAmt |
| Investment Earnings Or Losses | $5,515,791 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $4,750,825 | OtherExpendituresAmt |
| Administrative Expenses | $175,938 | AdministrativeExpensesAmt |
| End Year Balance | $65,927,907 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $51,561,528 | BeginningYearBalanceAmt |
| Contributions | $8,743,531 | ContributionsAmt |
| Investment Earnings Or Losses | $6,717,448 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,855,000 | OtherExpendituresAmt |
| Administrative Expenses | $228,628 | AdministrativeExpensesAmt |
| End Year Balance | $63,938,879 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $30,259,500 | BeginningYearBalanceAmt |
| Contributions | $24,773,020 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,608,344 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,702,000 | OtherExpendituresAmt |
| Administrative Expenses | $160,648 | AdministrativeExpensesAmt |
| End Year Balance | $51,561,528 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $20,233,626 | BeginningYearBalanceAmt |
| Contributions | $9,064,550 | ContributionsAmt |
| Investment Earnings Or Losses | $2,711,333 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,620,866 | OtherExpendituresAmt |
| Administrative Expenses | $129,143 | AdministrativeExpensesAmt |
| End Year Balance | $30,259,500 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.85466 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.14534 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $50,207 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,704 | DepreciationAmt |
| Book Value | $35,503 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $35,503 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PHILADELPHIA MEDIA INQUIRER, - NONVOTING SHARES | Desc |
| Book Value | $13,858,614 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $13,858,614 | TotalBookValueSecuritiesAmt |
| Total Rev Etc Audited Fincl Stmt | $19,506,419 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $5,211,959 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $5,211,959 | RevenueNotReportedAmt |
| Revenue Subtotal | $14,294,460 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $103,190 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $103,190 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $14,397,650 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $16,325,963 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $16,325,963 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $103,190 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $103,190 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $16,429,153 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART V, LINE 4: | FormAndLineReferenceDesc |
| Explanation | THE PURPOSE OF THE PERMANENTLY RESTRICTED ENDOWMENT IS TO SUPPORT CURRENT OPERATIONS THROUGH A TOTAL RETURN INVESTMENT STRATEGY AND A SPENDING POLICY SET TO MAINTAIN, AND IDEALLY INCREASE THE PURCHASING POWER OF THE ENDOWMENT WITHOUT PUTTING THE PRINCIPAL VALUE OF THESE FUNDS AT RISK. THE TEMPORARILY RESTRICTED ENDOWMENT FUNDS ARE RESTRICTED TO SUPPORT THE INQUIRER'S TRANSITION TO DIGITAL NEWS DELIVERY. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (22 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Purpose Of GrantPurposeOfGrantTxt | IRC SectionIRCSectionDesc | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| THE PHILADELPHIA INQUIRER | |||||||||||
| 801 MARKET STREET SUITE 300 | PHILADELPHIA | PA | 19107 | 455415437 | $5,927,991 | $0 | N/A | N/A | THE INSTITUTE IS SUPPORTING THE INQUIRERS TRANSITION FROM A TRADITIONAL PRINTED NEWSPAPER TO AN ECONOMICALLY SUSTAINABLE, PRIMARILY DIGITAL, EQUITABLE NEWS ENTERPRISE. A SERIES OF GRANTS WERE MADE TO THE INQUIRER TO FUND (A) HIGH IMPACT JOURNALISM, INCLUDING WORK BY ITS INVESTIGATIVE TEAM, SPOTLIGHT PA, HEALTH COVERAGE AND A SERIES ON THE FUTURE OF WORK IN PHIALDELPHIA AND (B) NEWS TECHNOLOGY AND PRODUCT IMPROVEMENTS, INCLUDING A GRANT FOR DIGITAL TRANSFORMATION ACCELERATION, MARKETING CLOUD IMPLEMENTATION, DIGITAL SUBSCRIPTION PROCESS IMPROVEMENTS, AND OTHER TECHNOLOGY SUPPORT, AND (C) THE IMPLEMENTATION OF DIVERSITY, EQUITY AND INLCUSION STRATEGIES TO ENABLE THE NEWS ORGANIZATION TO DIVERSIFY ITS LEADERSHIP AND MORE EQUITABLY COVER THE PHILADELPHIA REGION. | ||
| URL MEDIA HOLDINGS | |||||||||||
| 34-16 86TH STREET | JACKSON HEIGHTS | NY | 11372 | 862590900 | $100,000 | $0 | N/A | N/A | (B) = $100,000.00 | ||
| AI FOR THE PEOPLE | |||||||||||
| 666 HANCOCK STREET APT 1F | BROOKLYN | NY | 11233 | 843671638 | $75,000 | $0 | N/A | N/A | (A) = $75,000.00 | 501(C)(3) | |
| LOCAL MEDIA FOUNDATION | |||||||||||
| PO BOX 450 | LAKE CITY | MI | 49651 | 364427750 | $60,000 | $0 | N/A | N/A | (J) = $60,000.00 | 501(C)(3) | |
| AL DIA FOUNDATION | |||||||||||
| 1835 MARKET STREET SUITE 450 | PHILADELPHIA | PA | 19103 | 680657118 | $150,000 | $0 | N/A | N/A | (C) = $150,000.00 | 501(C)(3) | |
| AMERICAN PRESS INSTITUTE | |||||||||||
| 4401 N FAIRFAX DRIVE NO 300 | ARLINGTON | VA | 22203 | 132690182 | $300,000 | $0 | N/A | N/A | (D) = $300,000.00 | 501(C)(3) | |
| ARIZONA LOCAL POST | |||||||||||
| 2252 E BLACKLIDGE DRIVE | TUCSON | AZ | 85719 | 872217945 | $147,000 | $0 | N/A | N/A | (E) = $147,000.00 | ||
| CAPITAL B NEWS | |||||||||||
| 10 COLES STREET APT 1 FL 1 | BROOKLYN | NY | 11231 | 853905902 | $1,313,200 | $0 | N/A | N/A | (F) = $1,313,200.00 | 501(C)(3) | |
| CHRONOGRAM MEDIA INC | |||||||||||
| 45 PINE GROVE AVE SUITE 303 | KINGSTON | NY | 12401 | 141828815 | $49,000 | $0 | N/A | N/A | (G) = $49,000.00 | ||
| FILMSCENE | |||||||||||
| 404 E COLLEGE STREET | IOWA CITY | IA | 52240 | 454103745 | $25,000 | $0 | N/A | N/A | (H) = $25,000.00 | 501(C)(3) | |
| INDEPENDENCE PUBLIC MEDIA OF PHILADELPHIA | |||||||||||
| 1800 JFK BOULEVARD SUITE 300 | PHILADELPHIA | PA | 19103 | 222600747 | $250,000 | $0 | N/A | N/A | (I) = $250,000.00 | 501(C)(3) | |
| TECHNICALLY MEDIA INC | |||||||||||
| CURTIS CENTER 601 WALNUT STREET | PHILADELPHIA | PA | 19106 | 273522063 | $40,000 | $0 | N/A | N/A | (W) = $40,000.00 | 1200 | |
| CRAIG NEWMARK GRADUATE SCHOOL OF JOURNALISM CUNY FOUNDATION INC | |||||||||||
| 219 WEST 40TH STREET | NEW YORK | NY | 10018 | 465195587 | $82,000 | $0 | N/A | N/A | (T) = $82,000.00 | 501(C)(3) | |
| LOOKOUT SANTA CRUZ | |||||||||||
| 725 FRONT STREET | SANTA CRUZ | CA | 95060 | 320606025 | $102,500 | $0 | N/A | N/A | (K) = $102,500.00 | ||
| MEDIA DEVELOPMENT INVESTMENT FUND | |||||||||||
| 37 WEST 20TH STREET SUITE 801 | NEW YORK | NY | 10011 | 134052259 | $58,823 | $0 | N/A | N/A | (L) = $58,823.00 | 501(C)(3) | |
| NATIONAL ASSOCIATION OF HISPANIC JOURNALISTS | |||||||||||
| 1050 CONNECTICUT AVENUE NW 10TH | WASHINGTON | DC | 20036 | 953927141 | $10,000 | $0 | N/A | N/A | (M) = $10,000.00 | 501(C)(3) | FLOOR |
| NATIONAL TRUST FOR LOCAL NEWS | |||||||||||
| 2102 ARAPAHOE STREET | DENVER | CO | 80205 | 862022385 | $535,500 | $0 | N/A | N/A | (N) = $100,000.00 (O) = $435,500 | 501(C)(3) | |
| PHILADELPHIA ASSOCIATION OF BLACK JOURNALISTS | |||||||||||
| 30 SOUTH 15TH STREET | PHILADELPHIA | PA | 19102 | 232094500 | $10,000 | $0 | N/A | N/A | (P) = $10,000.00 | 501(C)(3) | |
| SANTA CRUZ LOCAL | |||||||||||
| 877 CEDAR STREET SUITE 150 | SANTA CRUZ | CA | 95060 | 833897905 | $76,600 | $0 | N/A | N/A | (Q) = $76,600.00 | ||
| STANFORD UNIVERSITY | |||||||||||
| 485 BROADWAY MAIL CODE 8838 | REDWOOD CITY | CA | 94063 | 941156365 | $43,200 | $0 | N/A | N/A | (R) = $43,200.00 | ||
| TEMPLE UNIVERSITY | |||||||||||
| 2020 N 13TH STREET | PHILADELPHIA | PA | 19122 | 231365971 | $35,000 | $0 | N/A | N/A | (S) = $10,000.00 (U) = $25,000.00 | ||
| THE UNIVERSITY OF TEXAS AT AUSTIN | |||||||||||
| 110 INNER CAMPUS DRIVE STOP K 5300 | AUSTIN | TX | 78712 | 746000203 | $336,700 | $0 | N/A | N/A | (V) = $336,700.00 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 12 | Total501c3OrgCnt |
| Total Other Org | 10 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SUPPORT GRANTEES ATTENDANCE AT JOURNALISM CONVENTIONS AND FUND STUDENT INTERNSHIPS IN JOURNALISM | GrantTypeTxt |
| Recipient | 11 | RecipientCnt |
| Cash Grant | $23,149 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Valuation Method Used | N/A | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | THE INSTITUTE REVIEWS ALL GRANT APPLICATIONS. DUE DILIGENCE INCLUDES: 1) ENSURE THE ORGANIZATION HAS A VALID PUBLIC CHARITY STATUS OR EQUIVALENCY DETERMINATION, OR IS A QUALIFIED RECIPIENT WITHIN THE INSTITUTE'S MISSION. 2) REVIEW THE APPLICANT'S APPLICATION, WEBSITES, PUBLIC MATERIALS, AND FINANCIAL INFORMATION, INCLUDING FORM 990, ANNUAL REPORT OR EQUIVALENT, IF AVAILABLE. 3) MAKE SELECTED SITE VISITS 4) PERIODICALLY MEET WITH NONPROFIT'S KEY STAFF MEMBERS 5) COMPLETE EXPENDITURE RESPONSIBILITY, AS REQUIRED. UPON RECEIPT OF A GRANT AWARD NOTIFICATION, THE GRANTEE MUST SIGN A CERTIFICATION INDICATING THAT THE FUNDS WILL BE USED FOR THE INTENDED PURPOSE. THE GRANTEE IS ALSO ADVISED OF ANY FURTHER GRANT REPORTING REQUIREMENT AND DEADLINES. ALL REPORTING REQUIREMENTS MUST BE MET BEFORE THE GRANTEE CAN REAPPLY. |
| PART II, COLUMN (H) - PURPOSE OF GRANT REFERENCE CODE KEY: | THE PURPOSE DESCRIPTION ON SCHEDULE I, PART II, COLUMN (H) INCLUDE APPLICABLE REFERENCES (A) - (W) FOR A GIVEN GRANTEE, THE FULL GRANT PURPOSE DESCRIPTIONS THAT CORRESPOND TO THOSE REFERENCE ARE AS FOLLOWS: (A) - KNIGHT-LENFEST LOCAL NEWS TRANSFORMATION FUND: GRANT TO RESEARCH AND ANALYZE NEWS SOURCES FOR ORGANIZATIONS THAT SERVE THE BLACK COMMUNITY AND CREATE PROTOCOLS TO REDUCE MISINFORMATION. (B) - KNIGHT-LENFEST LOCAL NEWS TRANSFORMATION FUND: GRANT TO FUND BUILDING A NETWORK OF HIGH PERFORMING BLACK, INDIGENOUS, AND PEOPLE OF COLOR (BIPOC) OWNED MEDIA ORGANIZATIONS. (C) - GRANT TO SUPPORT THE FELIX VARELA FELLOWSHIP PROGRAM. (D) - KNIGHT-LENFEST LOCAL NEWS TRANSFORMATION FUND: GRANT TO FUND LOCAL NEWS TRANSFORMATION COHORTS TO GUIDE NEWSPAPERS TO MOVE BEYOND PRINT AND BECOME DIGITAL BUSINESSES. (E) - FISCAL SPONSORSHIP - GRANT TO SUPPORT ARIZONA POST START UP AND LAUNCH ACTIVITIES. (F) - FISCAL SPONSORSHIP - GRANT TO SUPPORT LAUNCHING A NATIONAL NEWSROOM AND LOCAL BUREAUS TO ESTABLISH CAPITAL B AS A GO TO NEWS SOURCE FOR BLACK AMERICANS. (G) - FISCAL SPONSORSHIP - GRANT TO SUPPORT THE RIVER NEWSROOM AND CLIMATE LAB PROJECT. (H) - GRANT TO SUPPORT STORM LAKE PROJECT'S IMPACT AND OUTREACH EFFORTS. (I) - KNIGHT-LENFEST LOCAL NEWS TRANSFORMATION FUND: GRANT TO SUPPORT THE 2021 COMMUNITY VOICES FUND. (J) - GRANT TO SUPPORT LMA LAB FOR JOURNALISM FUNDING. (K) - FISCAL SPONSORSHIP - GRANT TO SUPPORT LOOKOUT PUBLIC AFFAIRS COVERAGE AND ACCOUNTABILITY REPORTING. (L) - DONOR DIRECTED FUNDING FROM GOOGLE TO TRANSLATE A MEMBERSHIP HANDBOOK INTO FRENCH AND PORTUGUESE. (M) - GRANT FOR EDUCATIONAL OPPORTUNITIES INCLUDING ACCESS TO CONFERENCES AND NETWORKING EVENTS. (N) - GRANT TO FUND A SENIOR FELLOW AT THE NATIONAL TRUST FOR LOCAL NEWS. (O) - FISCAL SPONSORSHIP - GRANT TO SUPPORT NLTN'S MISSION OF WORKING WITH LOCAL COMMUNITIES TO KEEP LOCAL NEWS IN LOCAL HANDS. (P) - GRANT TO SUPPORT THE PHILADELPHIA AREA NEWS MEDIA LANDSCAPE STUDY. (Q) - FISCAL SPONSORSHIP - GRANT TO SUPPORT SANTA CRUZ LOCAL'S MISSION TO GET SANTA CRUZ COUNTY RESIDENTS INFORMED ABOUT LOCAL GOVERNMENT. (R) - GRANT TO FUND AGENDA WATCH, A SYSTEM TO UNCOVER NEWSWORTHY ITEMS IN LOCAL GOVERNMENT AGENDAS. (S) - GRANT TO SUPPORT BRIAN MONROE SCHOLARSHIP FUND. (T) - DIVERSE AND GROWING AUDIENCES - GRANT TO FUND THE CREATION OF TRAINING MODULES FOR THE LENFEST CONSTELLATION NEWS LEADERSHIP INITIATIVE. (U) - GRANT TO SUPPORT THE KLEIN COLLEGE HIGH SCHOOL JOURNALISM WORKSHOP. (V) - GRANT TO SUPPORT THE UNIVERSITY OF TEXAS AT AUSTIN'S PHILADELPHIA COMMUNITY INFORMATION NEEDS AND MEDIA MAPPING RESEARCH PROJECT. (W) - DONOR DIRECTED FUNDING TO SUPPORT TECHNICAL.LY NETWORK AND GENEROCITY.ORG WEBSITE, A LOCAL SOCIAL IMPACT NEWS AND EVENTS GROUP. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PEDRO A RAMOS | ||||||||||||||
| SECRETARY, PRESIDENT & CEO | $0 | $384,572 | $0 | $0 | $0 | $774 | $0 | $38,985 | $0 | $27,672 | $0 | $452,003 | $0 | $0 |
| JAMES FRIEDLICH | ||||||||||||||
| CHIEF EXECUTIVE OFFICER - LLC | $340,917 | $0 | $0 | $0 | $1,188 | $0 | $29,000 | $0 | $55,659 | $0 | $426,764 | $0 | $0 | $0 |
| ANNIE MADONIA | ||||||||||||||
| CHIEF ADVANCEMENT OFFICER | $278,804 | $0 | $0 | $0 | $806 | $0 | $29,000 | $0 | $65,980 | $0 | $374,590 | $0 | $0 | $0 |
| KEN HERTS | ||||||||||||||
| CHIEF OPERATING OFFICER - LLC | $274,690 | $0 | $0 | $0 | $1,188 | $0 | $27,488 | $0 | $1,303 | $0 | $304,669 | $0 | $0 | $0 |
| ORLANDO ESPOSITO | ||||||||||||||
| TPF CHIEF FINANCIAL OFFICER | $0 | $200,101 | $0 | $0 | $0 | $1,188 | $0 | $20,400 | $0 | $35,108 | $0 | $256,797 | $0 | $0 |
| JANELLE STAFFORD | ||||||||||||||
| MANAGING DIRECTOR - LLC | $204,936 | $0 | $0 | $0 | $180 | $0 | $20,904 | $0 | $13,004 | $0 | $239,024 | $0 | $0 | $0 |
| REBECCA FORMAN | ||||||||||||||
| DIRECTOR OF ADVANCEMENT - LLC | $163,068 | $0 | $0 | $0 | $162 | $0 | $16,452 | $0 | $8,205 | $0 | $187,887 | $0 | $0 | $0 |
| SHAWN MOORING | ||||||||||||||
| PROGRAM DIRECTOR - LLC | $128,891 | $0 | $0 | $0 | $270 | $0 | $8,023 | $0 | $17,890 | $0 | $155,074 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE INSTITUTE RELIES ON THE PHILADELPHIA FOUNDATION (TPF) TO DETERMINE THE COMPENSATION FOR TPF PRESIDENT & CEO, PEDRO A. RAMOS. TPF USED THE FOLLOWING METHODS TO DETERMINE COMPENSATION FOR TPF PRESIDENT & CEO: COMPENSATION COMMITTEE FORM 990 OF OTHER ORGANIZATIONS COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE THIS PROCESS OCCURS ANNUALLY. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART IV, LINE 2: | THE INSTITUTE DOES NOT FILE ANY W-2S OR PAYROLL TAX FILINGS UNDER ITS EIN 04-3731829, THIS IS BECAUSE SUCH FILINGS ARE HANDLED BY THE PHILADELPHIA FOUNDATION (TPF), A RELATED PUBLIC CHARITY UNDER THEIR EIN 23-1581832. THE INSTITUTE REIMBURSES TPF FOR COMPENSATION PAID TO EMPLOYEES DEVOTING TIME TO THE INSTITUTE, AND REPORTS THESE REIMBURSEMENTS AS WAGE, BENEFIT, AND PAYROLL TAX EXPENSES ON FORM 990, PART IX, LINES 5-10, AS SUCH IT IS ALSO REPORTING THE NUMBER OF EMPLOYEES REFLECTED IN THAT COMPENSATION ON FORM 990, PART V, LINE 2A. IN ADDITION, THE INSTITUTE ALSO CONFIRMS WITH TPF THAT ALL RELATED REQUIRED FEDERAL PAYROLL TAX FILINGS HAVE BEEN MADE SO FORM 990, PART V, LINE 2B IS ANSWERED AS YES. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE PHILADELPHIA FOUNDATION (TPF), A RELATED 501(C)(3) PUBLIC CHARITY, IS CONSIDERED THE SOLE MEMBER OF THE INSTITUTE, BASED ON THE INTERNAL REVENUE SERVICE DEFINITION OF MEMBER. |
| FORM 990, PART VI, SECTION A, LINE 7A | TPF HAS THE POWER TO APPOINT AND REMOVE ALL MEMBERS OF THE BOARD OF DIRECTORS OF THE INSTITUTE. TPF HAS THE POWER TO APPOINT AND REMOVE ONE MEMBER OF THE GOVERNING BODY OF THE LENFEST INSTITUTE FOR JOURNALISM, LLC, A DISREGARDED ENTITY OF THE INSTITUTE. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE INSTITUTE'S RIGHT TO AMEND ITS GOVERNING INSTRUMENTS IS SUBJECT TO THE APPROVAL OF TPF. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WORKING CLOSING WITH THE INSTITUTE'S CFO. ONCE THE RETURN IS PREPARED, IT IS REVIEWED BY THE FINANCE TEAM ALONG WITH EXECUTIVE MANAGEMENT BEFORE BEING PROVIDED TO THE FINANCE COMMITTEE AND GOVERNING BODY FOR THEIR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS, STANDING COMMITTEE MEMBERS, AND STAFF SHALL ADVISE THE INSTITUTE'S CEO OF AFFILIATION WITH ANY GRANTEE, POTENTIAL GRANTEE OR VENDOR IN RESPONSE TO AN ANNUAL QUESTIONNAIRE FROM THE INSTITUTE AND AT ANY OTHER TIME WHEN SUCH PERSON BECOMES AWARE OF AN AFFILIATION WHICH HAS NOT PREVIOUSLY BEEN DISCLOSED. NO MEMBER OF THE BOARD OR ANY STANDING COMMITTEE WHO IS AFFILIATED WITH ANY ORGANIZATION BEING CONSIDERED FOR A GRANT FROM THE INSTITUTE SHALL PARTICIPATE IN THE CONSIDERATION OF SUCH GRANT OR SHALL VOTE ON SUCH GRANT AWARD. NO MEMBER OF THE BOARD OR ANY STANDING COMMITTEE WHO IS AFFILIATED WITH ANY VENDOR OF GOODS OR SERVICES TO THE INSTITUTE SHALL PARTICIPATE IN THE CONSIDERATION OR ADMINISTRATION OF ANY CONTRACT WITH SUCH VENDOR. NO MEMBER OF THE STAFF OF THE INSTITUTE SHALL, WITHOUT THE PERMISSION OF THE INSTITUTE'S CEO, BE AFFILIATED WITH ANY GRANTEE, PROSPECTIVE GRANTEE OR VENDOR TO THE INSTITUTE. THE INSTITUTE'S CONFLICT OF INTEREST POLICY INCLUDES A DUTY TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS AS THEY ARISE AND REQUIRES ANNUAL DISCLOSURE OF ALL ACTUAL OR POTENTIAL CONFLICTS. |
| FORM 990, PART VI, SECTION B, LINE 15B | THE EXECUTIVE COMMITTEE OF THE INSTITUTE'S BOARD OF MANAGERS, WITHOUT PARTICIPATION OF THE INSTITUTE'S CEO, IS RESPONSIBLE FOR ESTABLISHING ANNUAL COMPENSATION FOR THE INSTITUTE'S CEO. PRIOR TO THE ANNUAL ANNIVERSARY OF THE CEO'S HIRING DATE, THE EXECUTIVE COMMITTEE RESEARCHES COMPARABLE SALARY AND BENEFITS DATA, SUCH AS DATA AVAILABLE FROM SALARY AND BENEFIT SURVEYS, TO LEARN WHAT NONPROFIT EMPLOYERS WITH SIMILAR MISSIONS, SIMILAR BUDGET AND LOCATED IN THE SAME OR A SIMILAR GEOGRAPHIC REGION PAY THEIR SENIOR LEADERS. THE EXECUTIVE COMMITTEE MAY CHOOSE TO USE AN OUTSIDE EXPERT TO ASSIST IT WITH THIS RESEARCH. THE EXECUTIVE COMMITTEE DOCUMENTS WHO WAS INVOLVED AND THE PROCESS USED TO CONDUCT THE SALARY REVIEW, INCLUDING THE CRITERIA USED TO EVALUATE THE PERFORMANCE OF THE CEO. IT PRESENTS ITS PERFORMANCE REVIEW, COMPARABLE SALARY DATA AND COMPENSATION RECOMMENDATIONS TO THE FULL BOARD FOR ITS APPROVAL PRIOR TO THE ANNUAL ANNIVERSARY OF THE CEO'S HIRING DATE. THIS PROCESS LAST OCCURRED IN 2021. THE INSTITUTE'S CEO IS RESPONSIBLE FOR REVIEWING AND DECIDING COMPENSATION FOR OTHER KEY EMPLOYEES OF THE ORGANIZATION. THE CEO USES DATA FROM SALARY AND BENEFIT SURVEYS AS NEEDED TO LEARN WHAT NONPROFIT EMPLOYERS WITH SIMILAR MISSIONS, BUDGETS AND GEOGRAPHIC REGIONS PAY THEIR SENIOR LEADERS. THE CEO DISCUSSES COMPENSATION DECISIONS WITH MEMBERS OF THE EXECUTIVE COMMITTEE. THIS PROCESS LAST OCCURRED IN 2021. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE INSTITUTE MAKES ITS FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. IN ADDITION, THE PHILADELPHIA FOUNDATION MAKES THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY FOR THE INSTITUTE AVAILABLE UPON REQUEST. |
| FORM 990, PART VI, LINE 18: | THE INSTITUTE DOES NOT HAVE ITS OWN WEBSITE, BUT ITS DISREGARDED ENTITY, THE LENFEST INSTITUTE FOR JOURNALISM, LLC, DOES HAVE A WEBSITE, WWW.LENFESTINSTITUTE.ORG, AND THE INSTITUTE'S FORM 990 IS POSTED ON THAT WEBSITE. AS A DISREGARDED ENTITY, THIS WEBSITE IS BEING CONSIDERED THE INSTITUTES 'OWN WEBSITE' FOR PURPOSES OF THIS DISCLOSURE ON THE FORM 990, BUT THE INSTITUTE ITSELF DOES NOT CONSIDERED ITSELF TO HAVE ITS OWN WEBSITE. |
| FORM 990, PART IX, LINE 11G | SMALL/MEDIUM NEWS PUBLISHERS NEWS DELIVERY PLATFORM DEVELOPMENT FEES: PROGRAM SERVICE EXPENSES 2,500,000. TOTAL EXPENSES 2,500,000. CONSTELLATION NEWS LEADERSHIP INITIATIVE COACHING FEES: PROGRAM SERVICE EXPENSES 39,000. TOTAL EXPENSES 39,000. NEW ECOSYSTEM METRICS AND PLAN REIMAGINING JOURNALISM CONFERENCE DESIGN FEE: PROGRAM SERVICE EXPENSES 40,000. TOTAL EXPENSES 40,000. BIPOC JOURNALISTS SHARED INFRASTRUCTURE CREATION FEES: PROGRAM SERVICE EXPENSES 100,000. TOTAL EXPENSES 100,000. ADMINISTRATIVE FEE: MANAGEMENT AND GENERAL EXPENSES 75,000. TOTAL EXPENSES 75,000. DIVERSITY, EQUITY, AND INCLUSION CONSULTING FEES: PROGRAM SERVICE EXPENSES 19,176. MANAGEMENT AND GENERAL EXPENSES 14,915. FUNDRAISING EXPENSES 20,542. TOTAL EXPENSES 54,633. REVENUE MANAGEMENT PLATFORM FEES: FUNDRAISING EXPENSES 54,000. TOTAL EXPENSES 54,000. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 295,239. MANAGEMENT AND GENERAL EXPENSES 36,067. FUNDRAISING EXPENSES 21,640. TOTAL EXPENSES 352,946. |
| FORM 990, PART IX, LINES 5-10: | THE INSTITUTE DOES NOT ISSUE ANY W-2S, BUT RATHER REIMBURSES ITS RELATED ORGANIZATION, THE PHILADELPHIA FOUNDATION, FOR COMPENSATION PAID TO EMPLOYEES DEVOTING TIME TO THE INSTITUTE. WITHIN THE STATEMENT OF FUNCTIONAL EXPENSES, THE COMPENSATION REIMBURSED TO THE RELATED ORGANIZATION IS REPORTED AS SUCH ON FORM 990, PART IX, LINES 5-10. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE LENFEST INSTITUTE FOR JOURNALISM LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 MARKET STREET SUITE 300 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19107 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043731829 | EIN |
| Primary Activities | FOSTERS INNOVATION TO SUSTAIN INDEPENDENT JOURNALISM | PrimaryActivitiesTxt |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Total Income | $14,397,650 | TotalIncomeAmt |
| End Of Year Assets | $99,634,192 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE LENFEST INSTITUTE FOR JOURNALISM SPECIAL ASSET FUND OF TPF | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| THE PHILADELPHIA FOUNDATION | |||||||||||
| 1835 MARKET STREET SUITE 2410 | PHILADELPHIA | PA | 19103 | 231581832 | GRANTMAKING | PA | 501(C)(3) | LINE 8 | N/A | 0 | |
| THE HARRY R HALLORAN JR CHARITABLE TRUST | |||||||||||
| 1835 MARKET STREET SUITE 2410 | PHILADELPHIA | PA | 19103 | 466758450 | GRANTMAKING | PA | 501(C)(3) | LINE 12A, I | 0 | THE PHILADELPHIA FOUNDATION | |
| DELAWARE CHARITABLE ASSETS INC | |||||||||||
| 1835 MARKET STREET SUITE 2410 | PHILADELPHIA | PA | 19103 | 475425277 | SUPPORT THE PHILADELPHIA FOUNDATION | PA | 501(C)(3) | LINE 12A, I | 0 | THE PHILADELPHIA FOUNDATION | |
| THE DR RUDOLPH MASCIANTONIO FOUNDATION FOR CLASSICAL STUDIES | |||||||||||
| 1835 MARKET STREET SUITE 2410 | PHILADELPHIA | PA | 19103 | 306595159 | SUPPORT THE PHILADELPHIA FOUNDATION | PA | 501(C)(3) | LINE 12A, I | 0 | THE PHILADELPHIA FOUNDATION | |
| TPF SPECIAL PROPERTY FUND | |||||||||||
| 1835 MARKET STREET SUITE 2410 | PHILADELPHIA | PA | 19103 | 845019977 | SUPPORT THE PHILADELPHIA FOUNDATION | PA | 501(C)(3) | LINE 12A, I | 0 | THE PHILADELPHIA FOUNDATION | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PHILADELPHIA INQUIRER PBC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 MARKET STREET SUITE 300 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19107 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 455415437 | EIN |
| Primary Activities | NEWS MEDIA PRODUCTION | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PMN PBC CHARITABLE TRUST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $122,041,849 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $61,966,694 | ShareOfEOYAssetsAmt |
| Ownership | 0.99990 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE R, PART IV: | FormAndLineReferenceDesc |
| Explanation | THE INSTITUTE'S INTEREST IN THE PHILADELPHIA INQUIRER, PBC CONSISTS ENTIRELY OF NON-VOTING SHARES. | ExplanationTxt |
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