Overview
What is Indianapolis Press Club Foundation Inc?
The Indianapolis Press Club Foundation is a nonprofit organization situated in Indianapolis, Indiana, with a specific mission to foster journalism excellence and public appreciation within the state. Their primary activities include offering scholarships and paid fellowships to Indiana college students, aiming to nurture young talent in journalism. The Thomas R. Keating writing competition, an annual event honoring a former Indianapolis Star columnist, is a significant part of their scholarship program. Additionally, in partnership with the Indianapolis Motor Speedway, they grant Last Row Party scholarships to undergraduate journalism students. Moreover, the foundation provides a summer fellowship program, offering real-world journalism experience to two Indiana students each year.
Official website here: www.indypressfoundation.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
The Indianapolis Press Club Foundation Inc has received a 76% rating from Charity Navigator, reflecting a solid performance primarily in accountability and finance. The organization boasts a fully independent board with no material diversion of assets, indicating strong governance practices. Their program expense ratio is also commendable at 82.85%, showcasing a commitment to efficiently utilizing funds for their intended purposes.
However, the foundation has notable gaps in its policies, as both a conflict of interest policy and a whistleblower policy are missing. Additionally, they do not have a document retention and destruction policy in place, which could affect transparency and accountability. The lack of these policies may raise concerns among potential donors regarding the organization's operational integrity.
Despite these limitations, the foundation has demonstrated responsible financial management and a well-structured board, which are positive indicators for supporters and stakeholders. Addressing the noted policy deficiencies could further enhance their accountability and overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Indianapolis Press Club Foundation Inc legitimate?
Indianapolis Press Club Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indianapolis Press Club Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $15,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.indypressfoundation.org/
What is the mission statement of Indianapolis Press Club Foundation Inc?
The Indianapolis Press Club Foundation's mission is centered around promoting excellence in journalism and fostering public appreciation for it. They accomplish this through various activities, primarily focusing on scholarships, paid fellowships, and awards for college students in Indiana. This non-profit organization aims to encourage and nurture young journalism talents, providing them with opportunities for solid experience and financial support. Their initiatives include annual competitions, partnerships with local media groups for summer fellowships, and scholarships awarded at their annual fundraiser.
Official website here: www.indypressfoundation.org/
Who is the CEO of Indianapolis Press Club Foundation Inc?
Jenny Labalme is the Executive Director of Indianapolis Press Club Foundation Inc.
Official website here: www.indypressfoundation.org/
What is the revenue of Indianapolis Press Club Foundation Inc?
Indianapolis Press Club Foundation Inc's revenue in 2022 was $62,496.
Official website here: www.indypressfoundation.org/
Who are the executives of Indianapolis Press Club Foundation Inc and what are their salaries?
There 12 volunteers at Indianapolis Press Club Foundation Inc.
Here are 9 key members and their salaries:
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Official website here: www.indypressfoundation.org/
Where can I find the form 990 for Indianapolis Press Club Foundation Inc?
Indianapolis Press Club Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.indypressfoundation.org/
Learn more at the official website: www.indypressfoundation.org/
Mission Statement of Indianapolis Press Club Foundation Inc
The Indianapolis Press Club Foundation, a notable organization, is committed to fostering excellence in journalism and cultivating public appreciation for this field within Indiana. Through its various activities, the Foundation primarily focuses on providing scholarships, paid fellowships, and awards for aspiring journalists from Indiana colleges.
In pursuit of its mission, the Indianapolis Press Club Foundation established three significant programs. The first is the annual Thomas R. Keating writing competition, honoring the legacy of former Indianapolis Star columnist Tom Keating. This two-day event invites ten undergraduate students to compete for a total of $7,000 in cash awards. The Foundation's second program is in collaboration with the Indianapolis Motor Speedway, where it awards Last Row Party scholarships to Indiana undergraduate journalism students. The scholarships, totaling around $3,000, are presented during the foundation's annual fundraiser, which celebrates news, features, and sports writing.
Lastly, the Indianapolis Press Club Foundation offers a paid summer fellowship program for two Indiana college journalism students each year. The 10-week fellowships, each paying $6,000, provide invaluable journalism experience at local news services, TV, and radio stations. The fellowships, offering a 40-hour workweek, aim to partner with a variety of local media groups, ensuring a diverse range of journalistic experiences for the selected students.
In summary, the Indianapolis Press Club Foundation serves as a beacon of support and encouragement for Indiana's journalism community, fostering excellence in the field through scholarships, fellowships, and awards. By promoting young talent and offering practical experiences at various media outlets, the Foundation plays a crucial role in nurturing and recognizing Indiana's future journalists.
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Impact
August, 2024
Indianapolis Press Club Foundation Inc plays a crucial role in promoting excellence in journalism and fostering public appreciation for the field in Indiana. Through scholarships, paid fellowships, and awards, the foundation supports Indiana college students pursuing careers in journalism. By running programs like the Thomas R. Keating writing competition, Last Row Party scholarships, and summer fellowships, Indianapolis Press Club Foundation Inc not only provides financial assistance but also valuable journalism experience to aspiring journalists. This impactful work contributes to the development of skilled and dedicated professionals in the field of journalism in Indiana.
This information is meant to be a general summary of Indianapolis Press Club Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $23,652
- Program Service Revenue: $2,100
- Gross Receipts: $72,524
Assets and Liabilities:
- Total Assets: $977,939
- Total Liabilities: $0
- Net Assets: $977,939
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Keating Award
Revenue
$2,100
Organization Details
Phone
(765) 730-4283Principal Officer
Jenny Labalme
Main Address
PO Box 40923, Indianapolis, IN, 46240
Website
www.indypressfoundation.org/NTEE Category
Code: B82Z - Education
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