2021-07-08T09:39:39-05:00 2020-12-31 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2020-01-01 831772542 AMERICAN JOURNALISM PROJECT INC AMER 8778295500 6218 GEORGIA AVENUE NW NO 1-599 WASHINGTON DC 20011 SARABETH BERMAN CHIEF EXECUTIVE OFFICER 8778295500 2021-07-08 1 SARABETH BERMAN 999009999 PAMELA GRAY P01237506 4105840060 2021-07-08 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X SARABETH BERMAN 6218 GEORGIA AVENUE NW NO 1-599 WASHINGTON DC 20011 11356257 0 X HTTP://WWW.THEAJP.ORG/ X 2018 DE THE AMERICAN JOURNALISM PROJECT, INC. IS A VENTURE PHILANTHROPY ORGANIZATION DEDICATED TO LOCAL NEWS. BY PROVIDING COURSE-ALTERING INVESTMENTS AND VENTURE SUPPORT TO CIVIC NEWS ORGANIZATIONS, WE ARE BUILDING A NEW PUBLIC SERVICE MEDIA THAT IS GOVERNED BY, SUSTAINED BY AND LOOKS LIKE THE PUBLIC IT SERVES. 9 9 17 9 0 0 18049875 11179257 0 175000 0 0 0 2000 18049875 11356257 1243498 4889921 0 0 537194 1860856 0 0 562919 1102800 1294057 2883492 8044834 15166383 3311423 15447077 18588446 280694 110640 15166383 18477806 X THE AMERICAN JOURNALISM PROJECT, INC. (AJP) IS A VENTURE PHILANTHROPY ORGANIZATION DEDICATED TO LOCAL NEWS. BY PROVIDING COURSE-ALTERING INVESTMENTS AND VENTURE SUPPORT TO CIVIC NEWS ORGANIZATIONS, WE ARE BUILDING A NEW PUBLIC SERVICE MEDIA THAT IS GOVERNED BY, SUSTAINED BY AND LOOKS LIKE THE PUBLIC IT SERVES. 0 0 6874489 4889921 175000 AJP SUPPORTS THE GROWTH OF NONPROFIT LOCAL NEWSROOMS ACROSS THE COUNTRY. AS PART OF THIS MISSION, IT MAKES GRANTS TO LOCAL NEWS ORGANIZATIONS TO INCREASE THEIR BUSINESS AND OPERATING CAPACITY AND GROW THEIR IMPACT. GRANTEES ARE SELECTED THROUGH A COMPETITIVE, STAFF-LED GRANTMAKING PROCESS WITH OVERSIGHT FROM THE BOARD OF DIRECTORS. IN ADDITION TO FUNDING, GRANTEES RECEIVE SUSTAINED OPERATING SUPPORT AND STRATEGIC GUIDANCE FROM THE AMERICAN JOURNALISM PROJECT TEAM. 6874489 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 36 0 1 17 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 DC DE X JASON ALCORN 8778295500 6218 GEORGIA AVENUE NW NO 1-599 WASHINGTON DC 20011 JOHN THORNTON SECRETARY AND TREASURER 1.00 X X 0 0 0 ELIZABETH GREEN CHAIRPERSON 1.00 X X 0 0 0 ROSENTHAL ALVES DIRECTOR 1.00 X 0 0 0 TERESA GORMAN DIRECTOR 1.00 X 0 0 0 JEFF COHEN DIRECTOR 1.00 X 0 0 0 PETER LATTMAN DIRECTOR 1.00 X 0 0 0 JOE NATOLI DIRECTOR 1.00 X 0 0 0 MARIA THOMAS DIRECTOR 1.00 X 0 0 0 IRVING WASHINGTON DIRECTOR 1.00 X 0 0 0 SARABETH BERMAN CHIEF EXECUTIVE OFFICER 40.00 X 181174 0 10853 JASON ALCORN VP, LEARNING & KNOWLEDGE 40.00 X 155457 0 6784 MICHAEL OUIMETTE SVP, STRATEGY & STARTUPS 40.00 X 171025 0 4653 ALICE RHEE VP, STRATEGIC PARTNERSHIPS & GROWTH 40.00 X 208467 0 8449 MICHELLE SRBINOVICH VP, PORTFOLIO SUPPORT 40.00 X 171446 0 6001 ANNA THOMAS VP, STRATEGY AND STARTUPS 40.00 X 174058 0 5716 LORETTA CHAO VP, STRATEGY AND STARTUPS 40.00 X 130497 0 4804 PATTY SLUTSKY CHIEF DEVELOPMENT OFFICER 40.00 X 125735 0 4030 1317859 0 51290 8 0 1 0 OLD TOWN MEDIA 25-04 DITMARS BLVD ASTORIA NY 11105 REVENUE AND BUSINESS MODEL CONSULTING 243750 FISCAL MANAGEMENT ASSOCIATES 600 THIRD AVENUE SUITE 300 NEW YORK NY 10024 CONSULTING AND OUTSOURCED ACCOUNTING 242798 PATSY GLAZER 175 RIVERSIDE DRIVE NEW YORK NY 10016 TALENT ACQUISTION SUPPORT & STRATEGIC PR 141000 3 11179257 11179257 CONSULTING INCOME 541610 175000 175000 175000 CONSULTING 900099 2000 2000 2000 11356257 175000 0 2000 X 4889921 4889921 904309 534196 137504 232609 746588 439935 113928 192725 91105 47954 17627 25524 118854 70313 19640 28901 67117 213 66904 106415 106415 2668 2668 980259 807690 106791 65778 3206 879 2269 58 7038 661 5124 1253 36706 27750 4675 4281 24042 19321 895 3826 15378 15378 DUES AND SUBSCRIPTIONS 23197 16730 186 6281 EVENT EXPENSES 10514 10514 17517 5744 10090 1683 8044834 6874489 607426 562919 15381417 16345158 16850 2158600 2436 2083 92133 15378 40524 76755 5850 5850 15447077 18588446 191694 110640 89000 280694 110640 X 15166383 16252806 2225000 15166383 18477806 15447077 18588446 3311423 0 X X 0 1 X 1 0 X 18049875 11179257 29229132 18049875 11179257 29229132 21973336 7255796 29229132 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 2668 2668 0 PART II-B, LINE 1: AJP STAFF PARTICIPATED IN CALLS AND MEETINGS WITH "REBUILD LOCAL NEWS", A COALITION OF NONPARTISAN ORGANIZATIONS, TO BETTER UNDERSTAND AND DISCUSS PUBLIC POLICY SOLUTIONS TO THE LOCAL NEWS CRISIS. COMPENSATION TO PAID STAFF WAS $2,668. 92133 15378 76755 76755 X 11378757 22500 22500 11356257 0 11356257 8067334 22500 22500 8044834 0 8044834 PART X, LINE 2: AJP IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE AND IS RECOGNIZED AS SUCH BY THE INTERNAL REVENUE SERVICE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AJP PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2020 AND 2019, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2020, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2019 THROUGH 2020, REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH GBCA FILES TAX RETURNS. IT IS AJP'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. 1 VERMONT JOURNALISM TRUST 26 STATE ST STE 8 MONTPELIER VT 05602 271553931 501 (C)(3) 303333 TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. THE CENTRO DE PERIODISMO INVESTIGATIVO PO BOX 6834 SAN JUAN PR 00914 660705065 501 (C)(3) 190000 TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. CITY BUREAU NFP 6100 S BLACKSTONE AVE CHICAGO IL 60637 811054499 501 (C)(3) 393333 TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. CONNECTICUT NEWS PROJECT INC 1049 ASYLUM AVENUE HARTFORD CT 06105 270583046 501 (C)(3) 276665 TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. INVESTIGATIVE NEWSOURCE 5500 CAMPANILE DRIVE PSFA 361C SAN DIEGO CA 92104 270732786 501 (C)(3) 505000 TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. THE MISSISSIPPI TODAY 750 WOODLANDS PKWY STE 100 RIDGELAND MS 39157 472158741 501 (C)(3) 346665 TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. WYOFILE PO BOX 1099 LANDER WY 82520 270410642 501 (C)(3) 205000 TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. BLACK VOTES MATTER INSTITUTE OF COMMUNITY ENGAGEMENT 2422 LAKE ST OMAHA NE 68111 823003061 501 (C)(3) 44500 TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS THROUGH THE FISCALLY SPONSORED PROJECT, NOISE. INSTITUTE FOR NONPROFIT NEWS 714 W OLYMPIC BLVD 931 LOS ANGELES CA 90015 272614911 501 (C)(3) 89000 TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS THROUGH THE FISCALLY SPONSORED PROJECT, UNDERSCORE. CITYSIDE JOURNALISM INITIATIVE 2120 UNIVERSITY AVENUE BERKELEY CA 94704 843448887 501 (C)(3) 1170000 TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. BOREALIS PHILANTHROPY 126 N 3RD STREET SUITE 500 MINNEAPOLIS MN 55401 464598642 501 (C)(3) 800000 TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. GROUND TRUTH PROJECT 10 GUEST STREET BOSTON MA 02135 460908502 501 (C)(3) 125000 TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. BROOKLYN COMMUNITY FOUNDATION 1000 DEAN STREET SUITE 307 BROOKLYN NY 11238 113422729 501 (C)(3) 205250 TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. MONTANA FREE PRESS PO BOX 1425 HELENA MT 59624 475237719 501 (C)(3) 191674 TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS. COMMUNITY LIFT CORPORATIONS 119 SOUTH COURT AVENUE SUITE 100 MEMPHIS TN 38103 273941355 501 (C)(3) 44500 TO GROW AND DIVERSIFY REVENUE AND TO ADVANCE TOWARD A SUSTAINABLE MODEL FOR LOCAL NEWS THROUGH THE FISCALLY SPONSORED PROJECT, MLK50. 0 0 0 0 0 0 0 0 0 ALICE RHEE VP, STRATEGIC PARTNERSHIPS & GROWTH 208467 0 0 0 0 0 6593 0 1856 0 216916 0 0 0 SARABETH BERMAN CHIEF EXECUTIVE OFFICER 161174 0 20000 0 0 0 3834 0 7019 0 192027 0 0 0 ANNA THOMAS VP, STRATEGY AND STARTUPS 174058 0 0 0 0 0 4084 0 1632 0 179774 0 0 0 MICHELLE SRBINOVICH VP, PORTFOLIO SUPPORT 171446 0 0 0 0 0 1751 0 4250 0 177447 0 0 0 MICHAEL OUIMETTE SVP, STRATEGY & STARTUPS 171025 0 0 0 0 0 0 0 4653 0 175678 0 0 0 JASON ALCORN VP, LEARNING & KNOWLEDGE 155457 0 0 0 0 0 0 0 6784 0 162241 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE FORWARDED TO THE AUDIT COMMITTEE AND THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTERESTS ARE REPORTED TO THE CEO. AJP'S BOARD OF DIRECTORS WILL HAVE THE ULTIMATE RESPONSIBILITY FOR EVALUATING CONFLICTS OF INTEREST TO DETERMINE WHETHER OR NOT AN IMPERMISSIBLE CONFLICT OF INTEREST EXISTS. THE CEO AND LEGAL COUNSEL WILL ASSIST THE BOARD OF DIRECTORS AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 ORGANIZATIONAL BENCHMARKING BASED ON DISCLOSABLE COMPENSATION OF SIMILAR POSITIONS WHICH ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS DOCUMENTS WILL BE AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 807,690. MANAGEMENT AND GENERAL EXPENSES 106,791. FUNDRAISING EXPENSES 65,778. TOTAL EXPENSES 980,259. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.