Overview
What is Illinois Press Foundation Inc?
Illinois Press Foundation Inc, based in Springfield, Illinois, is a nonprofit organization dedicated to promoting journalism and upholding free expression principles. Their primary mission is to offer credible and impartial coverage of Illinois state government, including legislative proceedings, state agencies, issues, office holders, and legal matters. Beyond this, the foundation aims to enhance the quality of newspaper services in communities, support reading and literacy initiatives, and foster respect for First Amendment values. Their operations involve a team of four individuals, working tirelessly to contribute to the journalistic landscape of Illinois and the nation at large.
Official website here: www.il-press.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Illinois Press Foundation Inc has achieved a high rating of 96%, which translates to a Four-Star rating, indicating strong performance in terms of accountability and finance. This rating is solely based on their financial practices, reflecting a commitment to transparency and responsible management of funds. The foundation's emphasis on good governance is highlighted by its board structure, consisting entirely of independent members.
Strengths of the organization include a robust program expense ratio of 82.26%, showing that a significant portion of its expenditures directly supports its mission. Additionally, all required governance policies—such as conflict of interest and whistleblower policies—are in place, further enhancing the foundation's credibility. The organization also demonstrates effective oversight with an audit committee and well-maintained documentation of board meeting minutes.
However, while the foundation excels in financial accountability, the summary does not provide insights into the impact of its programs or community engagement. As a result, potential donors or supporters may want to seek more information about the specific outcomes of the foundation’s initiatives. Overall, the Illinois Press Foundation Inc demonstrates strong financial health and governance, making it a trustworthy nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Illinois Press Foundation Inc legitimate?
Illinois Press Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Press 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: $32,339
Professional Fundraising Fees: $0
Other Salaries and Wages: $115,202
For more financial information, click here
Official website here: www.il-press.com
What is the mission statement of Illinois Press Foundation Inc?
The Illinois Press Foundation Inc's mission is centered around promoting and safeguarding free expression. They achieve this through educational activities that encourage the practice and respect of First Amendment principles and values. The organization also seeks to enhance the quality of services provided by newspapers to their communities. Additionally, the Illinois Press Foundation Inc supports reading and literacy efforts. In relation to Capitol News Illinois, a program under their umbrella, their mission is to provide credible and unbiased coverage of state government, offering year-round, daily coverage of the legislature, state agencies, and legal matters.
Official website here: www.il-press.com
Who is the CEO of Illinois Press Foundation Inc?
Jerry Reppert is the President of Illinois Press Foundation Inc. The CEO's salary of Illinois Press Foundation Inc is $0 and their total compensation is $0.
Official website here: www.il-press.com
What is the revenue of Illinois Press Foundation Inc?
Illinois Press Foundation Inc's revenue in 2022 was $489,350.
Official website here: www.il-press.com
Who are the executives of Illinois Press Foundation Inc and what are their salaries?
The average compensation at Illinois Press Foundation Inc during 2022 was $36,885. There are 4 employees and 42 volunteers at Illinois Press Foundation Inc.
Here are 24 key members and their salaries (Illinois Press Foundation Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.il-press.com
Where can I find the form 990 for Illinois Press Foundation Inc?
Illinois Press Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.il-press.com
Learn more at the official website: www.il-press.com
Mission Statement of Illinois Press Foundation Inc
Illinois Press Foundation Inc, a nonprofit organization, is committed to promoting journalism both in Illinois and nationwide. Their mission is threefold. Firstly, they aim to foster and protect free expression by organizing educational activities that uphold and value the principles of the First Amendment. Secondly, they strive to enhance the quality of services provided by newspapers to their communities. Lastly, they support reading and literacy efforts to ensure that information is accessible and understood by a wide audience.
In essence, Illinois Press Foundation Inc plays a crucial role in fostering a vibrant and informed society by advocating for and protecting free speech, improving the quality of journalism, and encouraging literacy. Through their initiatives, they aim to create an environment where journalism thrives and information is shared responsibly and effectively. Their commitment to these principles is evident in their work, which includes supporting newspapers and promoting reading and literacy efforts. The organization's mission is a testament to their dedication to the importance of journalism and the role it plays in shaping public discourse.
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Impact
July, 2024
Illinois Press Foundation Inc, through its Capitol News Illinois program, contributes significantly to promoting credible and unbiased coverage of state government in Illinois. This program provides year-round, daily coverage of the legislature, committee hearings, state agencies, officeholders, the Illinois Supreme Court, and legal matters. By doing so, Illinois Press Foundation Inc plays a crucial role in fostering transparency and accountability in government affairs in the state.
This information is meant to be a general summary of Illinois Press 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: $50,368
- Program Service Revenue: $36,063
- Gross Receipts: $1,622,428
Assets and Liabilities:
- Total Assets: $1,569,701
- Total Liabilities: $175,935
- Net Assets: $1,393,766
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONVENTIONS
Revenue
$36,063
Organization Details
Founding Year
1982
Phone
(217) 241-1300Principal Officer
Jerry Reppert
Main Address
2501 CHATHAM ROAD 200, SPRINGFIELD, IL, 62704
Website
www.il-press.comNTEE Category
Code: A030 - Arts
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