2022-11-08T14:30:46-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2021-01-01 043731829 THE LENFEST INSTITUTE FOR JOURNALISM SPECIAL ASSET FUND OF TPF LENF 2155636417 1835 MARKET STREET 2410 PHILADELPHIA PA 19103 PEDRO A RAMOS PRESIDENT & CEO 2155636417 2022-11-03 1 PEDRO RAMOS 999009999 CONNIE M LIRA P00481097 2156433900 2022-11-03 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z PEDRO A RAMOS 1835 MARKET STREET 2410 PHILADELPHIA PA 19103 23626327 0 X N/A X 2002 PA SUPPORT THE PHILADELPHIA FOUNDATION BY ENABLING QUALITY LOCAL JOURNALISM IN THE COMMUNITY 32 30 22 37 0 0 19037119 12504732 0 0 2467759 1548958 246076 343960 21750954 14397650 24932164 9756904 0 0 2434781 2596310 0 0 1163454 3542752 4075939 30909697 16429153 -9158743 -2031503 97432232 99634192 5859295 4880799 91572937 94753393 X 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. 0 0 14296629 9756904 0 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. 14296629 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 76 0 22 1 0 0 0 0 0 0 0 0 0 0 0 0 X 32 30 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 1 0 PA X X KAREN CLEARY 2155636417 801 MARKET STREET STE 300 PHILADELPHIA PA 19107 PEDRO A RAMOS SECRETARY, PRESIDENT & CEO 1.20 36.20 X X 0 385346 66657 JAMES FRIEDLICH CHIEF EXECUTIVE OFFICER - LLC 35.00 0.00 X X 342105 0 84659 ANNIE MADONIA CHIEF ADVANCEMENT OFFICER 35.00 0.00 X 279610 0 94980 KEN HERTS CHIEF OPERATING OFFICER - LLC 35.00 0.00 X 275878 0 28791 ORLANDO ESPOSITO TPF CHIEF FINANCIAL OFFICER 1.00 35.20 X 0 201289 55508 JANELLE STAFFORD MANAGING DIRECTOR - LLC 35.00 0.00 X 205116 0 33908 REBECCA FORMAN DIRECTOR OF ADVANCEMENT - LLC 35.00 0.00 X 163230 0 24657 SHAWN MOORING PROGRAM DIRECTOR - LLC 35.00 0.00 X 129161 0 25913 JOSEPH LICHTERMAN COMM. & EDITORIAL DIRECTOR - LLC 35.00 0.00 X 108004 0 10790 KAREN CLEARY CHIEF FINANCIAL OFFICER - LLC 20.00 0.00 X 87615 0 8762 KATE ALLISON CHAIR 0.20 6.20 X X 0 0 0 MINDY POSOFF VICE CHAIR 0.20 5.20 X X 0 0 0 KERRY BENSON TREASURER 0.20 6.20 X X 0 0 0 DAVID BOARDMAN CHAIR - LLC 1.00 0.00 X X 0 0 0 ROSALIND REMER VICE CHAIR - LLC 1.00 0.00 X X 0 0 0 STEVEN SCOTT BRADLEY BOARD MEMBER 0.20 1.20 X 0 0 0 WILLIAM J BURKE BOARD MEMBER 0.20 1.20 X 0 0 0 FERNANDO CHANG-MUY BOARD MEMBER 0.20 1.20 X 0 0 0 STEPHEN A COZEN BOARD MEMBER 0.20 1.20 X 0 0 0 CHRISTINA MESIRES FOURNARIS BOARD MEMBER 0.20 1.20 X 0 0 0 LON GREENBERG BOARD MEMBER 0.20 1.20 X 0 0 0 WILLIAM P HANKOWSKY BOARD MEMBER 0.20 1.20 X 0 0 0 DIXIEANNE JAMES BOARD MEMBER 0.20 1.20 X 0 0 0 SHIRIN KARSAN BOARD MEMBER 0.20 1.20 X 0 0 0 EVELYN MCNIFF BOARD MEMBER 0.20 1.20 X 0 0 0 MICHAEL K PEARSON BOARD MEMBER 0.20 1.20 X 0 0 0 R DUANE PERRY BOARD MEMBER 0.20 1.20 X 0 0 0 ANDREW ROGOFF BOARD MEMBER 0.20 1.20 X 0 0 0 JANE SCACCETTI BOARD MEMBER 0.20 1.20 X 0 0 0 AMANDA BENNETT MANAGER - LLC 1.00 0.00 X 0 0 0 MICHAEL X DELLI CARPINI PH D MANAGER - LLC 1.00 0.00 X 0 0 0 DAVID HAAS MANAGER - LLC 1.00 0.00 X 0 0 0 TONY HAILE MANAGER - LLC 1.00 0.00 X 0 0 0 ERRIN HAINES MANAGER - LLC 1.00 0.00 X 0 0 0 KEITH LEAPHART MANAGER - LLC 1.00 0.00 X 0 0 0 MARTIN NISENHOLTZ MANAGER - LLC 1.00 0.00 X 0 0 0 HONG QU MANAGER - LLC 1.00 0.00 X 0 0 0 SULAIMAN RAHMAN MANAGER - LLC 1.00 0.00 X 0 0 0 VIJAY RAVINDRAN MANAGER - LLC 1.00 0.00 X 0 0 0 ROY ROSIN MANAGER - LLC 1.00 0.00 X 0 0 0 1590719 586635 434625 7 0 1 0 DAZZLE LLC 4207 SE WOODSTOCK BLVD 486 PORTLAND OR 97206 BUILD INFRASTRUCTURE FOR BIPOC JOURNOS 195000 BUCHANAN INGERSOLL AND ROONEY PC 50 S 16TH ST 3200 PHILADELPHIA PA 19102 LEGAL SERVICES 128264 VANGUARD INSTITUTIONAL ADVISORY SERVICES PO BOX 3009 MONROE WI 535668309 INVESTMENT MANAGEMENT SERVICES 103190 3 35050 12469682 12504732 1412652 1412652 9364983 9228677 136306 136306 136306 FEE FOR SERVICE INCOME/GRANT OVER 900099 343960 343960 343960 14397650 0 0 1892918 X 9733755 9733755 23149 23149 1174211 411098 227392 535721 1118826 639137 152619 327070 96178 46818 16210 33150 78595 32372 36468 9755 128500 61336 23061 44103 128267 128267 55026 55026 103190 103190 3215579 2993415 125982 96182 111774 48942 24896 37936 43735 15726 10497 17512 68860 24170 18799 25891 27693 23283 1682 2728 43215 21549 4053 17613 774 272 211 291 23315 23315 PROGRAM EXPENSES 134952 134352 200 400 MEMBERSHIP DUES 111307 87255 8950 15102 BAD DEBT EXPENSE 8252 8252 16429153 14296629 969070 1163454 9387508 10911163 8180750 5094539 41112 66940 50207 14704 36277 35503 56562835 69667433 23223750 13858614 97432232 99634192 2621284 2791800 3238011 2088999 5859295 4880799 X 1104588 2200987 90468349 92552406 91572937 94753393 97432232 99634192 -2031503 5211959 0 X 0 1 X 1 0 X X 1 THE PHILADELPHIA FOUNDATION 231581832 8 1 14296629 0 1 14296629 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 65927907 1300000 6758130 4215414 103190 69667433 63938879 1400000 5515791 4750825 175938 65927907 51561528 8743531 6717448 2855000 228628 63938879 30259500 24773020 -1608344 1702000 160648 51561528 20233626 9064550 2711333 1620866 129143 30259500 0.00000 0.85466 0.14534 0 0 50207 14704 35503 35503 PHILADELPHIA MEDIA INQUIRER, - NONVOTING SHARES 13858614 C 13858614 19506419 5211959 5211959 14294460 103190 103190 14397650 16325963 0 16325963 103190 103190 16429153 PART V, LINE 4: 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. 1 THE PHILADELPHIA INQUIRER 801 MARKET STREET SUITE 300 PHILADELPHIA PA 19107 455415437 5927991 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 100000 0 N/A N/A (B) = $100,000.00 AI FOR THE PEOPLE 666 HANCOCK STREET APT 1F BROOKLYN NY 11233 843671638 501(C)(3) 75000 0 N/A N/A (A) = $75,000.00 LOCAL MEDIA FOUNDATION PO BOX 450 LAKE CITY MI 49651 364427750 501(C)(3) 60000 0 N/A N/A (J) = $60,000.00 AL DIA FOUNDATION 1835 MARKET STREET SUITE 450 PHILADELPHIA PA 19103 680657118 501(C)(3) 150000 0 N/A N/A (C) = $150,000.00 AMERICAN PRESS INSTITUTE 4401 N FAIRFAX DRIVE NO 300 ARLINGTON VA 22203 132690182 501(C)(3) 300000 0 N/A N/A (D) = $300,000.00 ARIZONA LOCAL POST 2252 E BLACKLIDGE DRIVE TUCSON AZ 85719 872217945 147000 0 N/A N/A (E) = $147,000.00 CAPITAL B NEWS 10 COLES STREET APT 1 FL 1 BROOKLYN NY 11231 853905902 501(C)(3) 1313200 0 N/A N/A (F) = $1,313,200.00 CHRONOGRAM MEDIA INC 45 PINE GROVE AVE SUITE 303 KINGSTON NY 12401 141828815 49000 0 N/A N/A (G) = $49,000.00 FILMSCENE 404 E COLLEGE STREET IOWA CITY IA 52240 454103745 501(C)(3) 25000 0 N/A N/A (H) = $25,000.00 INDEPENDENCE PUBLIC MEDIA OF PHILADELPHIA 1800 JFK BOULEVARD SUITE 300 PHILADELPHIA PA 19103 222600747 501(C)(3) 250000 0 N/A N/A (I) = $250,000.00 TECHNICALLY MEDIA INC CURTIS CENTER 601 WALNUT STREET 1200 PHILADELPHIA PA 19106 273522063 40000 0 N/A N/A (W) = $40,000.00 CRAIG NEWMARK GRADUATE SCHOOL OF JOURNALISM CUNY FOUNDATION INC 219 WEST 40TH STREET NEW YORK NY 10018 465195587 501(C)(3) 82000 0 N/A N/A (T) = $82,000.00 LOOKOUT SANTA CRUZ 725 FRONT STREET SANTA CRUZ CA 95060 320606025 102500 0 N/A N/A (K) = $102,500.00 MEDIA DEVELOPMENT INVESTMENT FUND 37 WEST 20TH STREET SUITE 801 NEW YORK NY 10011 134052259 501(C)(3) 58823 0 N/A N/A (L) = $58,823.00 NATIONAL ASSOCIATION OF HISPANIC JOURNALISTS 1050 CONNECTICUT AVENUE NW 10TH FLOOR WASHINGTON DC 20036 953927141 501(C)(3) 10000 0 N/A N/A (M) = $10,000.00 NATIONAL TRUST FOR LOCAL NEWS 2102 ARAPAHOE STREET DENVER CO 80205 862022385 501(C)(3) 535500 0 N/A N/A (N) = $100,000.00 (O) = $435,500 PHILADELPHIA ASSOCIATION OF BLACK JOURNALISTS 30 SOUTH 15TH STREET PHILADELPHIA PA 19102 232094500 501(C)(3) 10000 0 N/A N/A (P) = $10,000.00 SANTA CRUZ LOCAL 877 CEDAR STREET SUITE 150 SANTA CRUZ CA 95060 833897905 76600 0 N/A N/A (Q) = $76,600.00 STANFORD UNIVERSITY 485 BROADWAY MAIL CODE 8838 REDWOOD CITY CA 94063 941156365 43200 0 N/A N/A (R) = $43,200.00 TEMPLE UNIVERSITY 2020 N 13TH STREET PHILADELPHIA PA 19122 231365971 35000 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 336700 0 N/A N/A (V) = $336,700.00 12 10 SUPPORT GRANTEES ATTENDANCE AT JOURNALISM CONVENTIONS AND FUND STUDENT INTERNSHIPS IN JOURNALISM 11 23149 0 N/A N/A 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. 0 0 0 0 0 0 0 0 0 PEDRO A RAMOS SECRETARY, PRESIDENT & CEO 0 384572 0 0 0 774 0 38985 0 27672 0 452003 0 0 JAMES FRIEDLICH CHIEF EXECUTIVE OFFICER - LLC 340917 0 0 0 1188 0 29000 0 55659 0 426764 0 0 0 ANNIE MADONIA CHIEF ADVANCEMENT OFFICER 278804 0 0 0 806 0 29000 0 65980 0 374590 0 0 0 KEN HERTS CHIEF OPERATING OFFICER - LLC 274690 0 0 0 1188 0 27488 0 1303 0 304669 0 0 0 ORLANDO ESPOSITO TPF CHIEF FINANCIAL OFFICER 0 200101 0 0 0 1188 0 20400 0 35108 0 256797 0 0 JANELLE STAFFORD MANAGING DIRECTOR - LLC 204936 0 0 0 180 0 20904 0 13004 0 239024 0 0 0 REBECCA FORMAN DIRECTOR OF ADVANCEMENT - LLC 163068 0 0 0 162 0 16452 0 8205 0 187887 0 0 0 SHAWN MOORING PROGRAM DIRECTOR - LLC 128891 0 0 0 270 0 8023 0 17890 0 155074 0 0 0 PART I, LINE 3 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. 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. THE LENFEST INSTITUTE FOR JOURNALISM LLC 801 MARKET STREET SUITE 300 PHILADELPHIA PA 19107 043731829 FOSTERS INNOVATION TO SUSTAIN INDEPENDENT JOURNALISM PA 14397650 99634192 THE LENFEST INSTITUTE FOR JOURNALISM SPECIAL ASSET FUND OF TPF 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 THE PHILADELPHIA FOUNDATION 0 DELAWARE CHARITABLE ASSETS INC 1835 MARKET STREET SUITE 2410 PHILADELPHIA PA 19103 475425277 SUPPORT THE PHILADELPHIA FOUNDATION PA 501(C)(3) LINE 12A, I THE PHILADELPHIA FOUNDATION 0 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 THE PHILADELPHIA FOUNDATION 0 TPF SPECIAL PROPERTY FUND 1835 MARKET STREET SUITE 2410 PHILADELPHIA PA 19103 845019977 SUPPORT THE PHILADELPHIA FOUNDATION PA 501(C)(3) LINE 12A, I THE PHILADELPHIA FOUNDATION 0 THE PHILADELPHIA INQUIRER PBC 801 MARKET STREET SUITE 300 PHILADELPHIA PA 19107 455415437 NEWS MEDIA PRODUCTION DE PMN PBC CHARITABLE TRUST C 122041849 61966694 0.99990 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 SCHEDULE R, PART IV: THE INSTITUTE'S INTEREST IN THE PHILADELPHIA INQUIRER, PBC CONSISTS ENTIRELY OF NON-VOTING SHARES.