Overview
What is Kernel Press Inc?
Kernel Press Inc, situated in Lexington, Kentucky, is a nonprofit organization primarily focused on education. Its mission is to nurture college students' journalism skills by overseeing the publication and advertising sales assignments for a campus newspaper. The organization offers a unique learning experience, enabling students to manage news articles, editorial commentary, and advertising, under the guidance of experienced staff. This commercial activity, while contributing to the advertising business, significantly contributes to the students' education, providing them with valuable experience in the field. With a small team of two individuals, Kernel Press Inc continues to uphold its mission of providing a hands-on journalism education experience to its students.
Official website here: www.kykernel.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating.
Kernel Press Inc has received a strong score of 97%, indicating high standards of transparency and accountability within the organization. The rating reflects a comprehensive assessment focusing solely on accountability and finance, showcasing the charity's commitment to ethical practices and responsible management of resources.
One of the notable strengths of Kernel Press Inc is its completely independent board, consisting of 11 members, which enhances its governance structure. The organization has also demonstrated effective financial management, with a program expense ratio of 85.19%, showing that a significant portion of its expenses directly supports its mission. Additionally, the presence of established policies regarding conflicts of interest, whistleblowing, and document retention further underscores its commitment to operational integrity.
Despite the positive points, there are no noted limitations in the data. Overall, Kernel Press Inc appears to be a well-managed nonprofit dedicated to its mission and adheres to high standards of accountability, making it a trustworthy organization for potential donors and volunteers.
This AI summary has been generated from information found on Charity Navigator.
Is Kernel Press Inc legitimate?
Kernel Press Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kernel Press 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,994
For more financial information, click here
Official website here: www.kykernel.com
What is the mission statement of Kernel Press Inc?
Kernel Press Inc's primary objective is to educate college students in journalism. They achieve this by assigning publication and advertising sales tasks for a campus newspaper. The organization's mission revolves around providing a hands-on learning experience for students in journalism. Through the publication of the campus newspaper, which includes news items, editorial comments, and paid advertisements, students gain practical skills under the guidance of instructors. The advertising business plays a significant role in enhancing the education program by offering students the opportunity to learn about sales and marketing in a real-world context.
Official website here: www.kykernel.com
Who is the CEO of Kernel Press Inc?
Duane Bonifer is the Chairman of Kernel Press Inc.
Official website here: www.kykernel.com
What is the revenue of Kernel Press Inc?
Kernel Press Inc's revenue in 2021 was $59,437.
Official website here: www.kykernel.com
Who are the executives of Kernel Press Inc and what are their salaries?
The average compensation at Kernel Press Inc during 2021 was $18,497. There are 2 employees at Kernel Press Inc.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $79,716
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $43,493
- Other: $0
- Compensation: $0
- Related: $130,808
- Other: $0
- Compensation: $0
- Related: $111,401
- Other: $0
- Compensation: $0
- Related: $75,000
- Other: $0
- Compensation: $0
- Related: $89,249
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.kykernel.com
Where can I find the form 990 for Kernel Press Inc?
Kernel Press Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.kykernel.com
Learn more at the official website: www.kykernel.com
Mission Statement of Kernel Press Inc
Kernel Press Inc, a nonprofit organization, is dedicated to educating college students in the field of journalism. They achieve this objective by assigning publication and advertising sales tasks for a campus newspaper. The organization's mission is to provide a practical, hands-on learning experience for students, allowing them to gain real-world skills in journalism and advertising sales. Through the publication of the campus newspaper, which includes news items, editorial commentary, and paid advertising, Kernel Press Inc enables students to apply the concepts they've learned in the classroom to a tangible project. The revenue generated from advertising sales is not considered gross income from an unrelated trade or business, as it plays a crucial role in supplementing the educational program by offering valuable training opportunities for the students involved.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Kernel Press Inc's impact lies in educating college students in the field of journalism through hands-on publication and advertising sales assignments for a campus newspaper. By providing students with real-world experience in writing, editing, and selling advertising space, Kernel Press Inc equips them with practical skills essential for a career in journalism. Through this educational program, students gain valuable insights into the dynamics of publishing and advertising, preparing them for success in the industry. This approach not only enhances students' academic learning but also fosters their professional development, making a significant contribution to the field of journalism education.
This information is meant to be a general summary of Kernel Press 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 2021.
- Program Service Revenue: $59,437
- Gross Receipts: $59,437
Assets and Liabilities:
- Total Assets: $934
- Total Liabilities: $196
- Net Assets: $738
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NEWSPAPER ADVERTISING
Revenue
$59,085
Organization Details
Founding Year
1971
Phone
(859) 257-6524Principal Officer
Duane Bonifer
Main Address
337 MCVEY HALL UNIVERSITY OF KY, LEXINGTON, KY, 40506
Website
www.kykernel.comNTEE Category
Code: A33Z - Arts
If you are a representative of Kernel Press Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.