The Venetoulis Institute For Local Journalism

The Baltimore Banner

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 861715499 ✦ Baltimore, MD ✦ Designated as a 501(c)(3)

Overview

What is The Venetoulis Institute For Local Journalism?

The Venetoulis Institute For Local Journalism, based in Baltimore, Maryland, is a nonprofit organization dedicated to strengthening, uniting, and inspiring the Baltimore community through trustworthy and quality local journalism. They launched The Baltimore Banner as their flagship digital news product in 2022, expanding their team with additions of reporters, editors, and staff in various non-newsroom functions. This growth was accompanied by investments in technology infrastructure, resulting in a headcount of 108 and an improved user experience. The organization has also engaged freelance journalists, contractors, and consultants for expertise and support in various functions. Their mission is to provide local news that resonates with readers, holding leaders accountable and telling the varied stories of their people.


Official website here: www.thebaltimorebanner.com

Is The Venetoulis Institute For Local Journalism legitimate?

The Venetoulis Institute For Local Journalism is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Venetoulis Institute For Local Journalism 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.

Here are some key statistics you may want to consider:

Executive Compensation: $3,443,702
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,732,875

For more financial information, click here


Official website here: www.thebaltimorebanner.com

What is the mission statement of The Venetoulis Institute For Local Journalism?

The Venetoulis Institute For Local Journalism aims to be an indispensable resource for its community by providing trustworthy and quality journalism. They accomplish this by telling the varied stories of their people, holding leaders accountable, and delivering local news that resonates with readers. In 2022, they launched their flagship digital news product, The Baltimore Banner. To support the launch, they expanded their team by hiring new staff in the newsroom and non-newsroom functions, increasing headcount to 89. They also made significant investments in technology infrastructure, improving user experience and enabling data-driven decision making. Engaging freelance journalists and utilizing contractors and consultants further expanded their coverage and provided expert support in various functions. The Venetoulis Institute For Local Journalism continues to strive to become an integral part of the communities they serve, with a team of journalists dedicated to covering important issues and helping to strengthen, unite, and inspire their communities.


Official website here: www.thebaltimorebanner.com

Who is the CEO of The Venetoulis Institute For Local Journalism?

Michael Katz is the Director of The Venetoulis Institute For Local Journalism.


Official website here: www.thebaltimorebanner.com

What is the revenue of The Venetoulis Institute For Local Journalism?

The Venetoulis Institute For Local Journalism's revenue in 2022 was $17,431,025.


Official website here: www.thebaltimorebanner.com

Who are the executives of The Venetoulis Institute For Local Journalism and what are their salaries?

The average compensation at The Venetoulis Institute For Local Journalism during 2022 was $84,968. There are 108 employees at The Venetoulis Institute For Local Journalism.

Here are 24 key members and their salaries:

    Imtiaz Patel (President) [Trustee/Director]
  • Compensation: $625,000
  • Related: $0
  • Other: $12,200

    • Kimi Yoshino (Editior In Chief)
  • Compensation: $375,800
  • Related: $0
  • Other: $9,692

    • Shameel Arafin (Chief Product Officer)
  • Compensation: $333,572
  • Related: $0
  • Other: $6,852

    • Klas Uden (Chief Marketing Officer)
  • Compensation: $325,889
  • Related: $0
  • Other: $12,200

    • Michael Katz (Head Of Finance)
  • Compensation: $233,138
  • Related: $0
  • Other: $8,041

    • William Warren (Chief Philanthropy Officer)
  • Compensation: $221,154
  • Related: $0
  • Other: $288

    • Andrea Mcdaniels (Managing Director)
  • Compensation: $209,615
  • Related: $0
  • Other: $5,754

    • Earl Cokley (Chief Technology Officer)
  • Compensation: $205,123
  • Related: $0
  • Other: $1,354

    • Hyuk Lee (Chief Insights Officer)
  • Compensation: $184,790
  • Related: $0
  • Other: $0

    • Andre Jones (Head Of People, Culture And Diversity)
  • Compensation: $180,000
  • Related: $0
  • Other: $3,323

    • Richared Martin (Deputy Managing Director)
  • Compensation: $160,558
  • Related: $0
  • Other: $4,747

    • Michael Schmitt (Director Customer Engagement)
  • Compensation: $141,923
  • Related: $0
  • Other: $4,092

    • Sarah Featherstone (Program Director)
  • Compensation: $126,923
  • Related: $0
  • Other: $2,665

    • Lawrence Burney (Arts & Culture Editor)
  • Compensation: $120,577
  • Related: $0
  • Other: $0

    • Brian Mcgrory (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christine A Shreve (Corporate Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Janet Currie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jedd Gould (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Josh Tyrangiel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sandy Bainum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shanaysha Sauls (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stewart Bainum Jr (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Suzi Watford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Jews (Corporate Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.thebaltimorebanner.com

    Where can I find the form 990 for The Venetoulis Institute For Local Journalism?

    The The Venetoulis Institute For Local Journalism’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.thebaltimorebanner.com

    Learn more at the official website: www.thebaltimorebanner.com

    Mission Statement of The Venetoulis Institute For Local Journalism

    The Venetoulis Institute For Local Journalism, a renowned nonprofit organization, is dedicated to serving the Baltimore community by providing trustworthy, high-quality journalism that resonates with and inspires local residents. By sharing the diverse stories of their people, holding leaders accountable, and delivering local news that engages readers, the Institute aims to be an indispensable resource that strengthens, unites, and inspires the Baltimore community.

    In 2022, the Institute embarked on an ambitious mission to launch its flagship digital news product, The Baltimore Banner. To ensure the necessary scale and infrastructure for this venture, the Institute made strategic investments. These included expanding its newsroom staff with the addition of reporters and editors, as well as data, finance, product, and marketing personnel. Furthermore, the Institute invested $622K in capital expenditures, which enabled improvements to technology infrastructure, enhancing user experience and increasing data-driven decision making within the organization.

    The Institute's commitment to growth extended beyond its newsroom functions. By engaging freelance journalists, it expanded coverage in the communities it serves, and by utilizing contractors and consultants, it gained expertise and support for its IT, product, finance, analytics, and engineering functions. Since the 2022 launch of The Baltimore Banner as a nonprofit, independent local news site, the Institute continues its efforts to become an integral and vital part of the communities across Baltimore and Maryland. With a large and diverse newsroom team, it tirelessly covers the issues that most directly impact neighborhoods, helping to strengthen, unite, and inspire communities throughout the region.

    Impact

    This information is meant to be a general summary of The Venetoulis Institute For Local Journalism. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Venetoulis Institute for Local Journalism, through its flagship digital news product, The Baltimore Banner, has significantly impacted the local Baltimore community by providing trustworthy, quality journalism. With a team of dedicated journalists, the institute covers essential issues that directly affect neighborhoods in Baltimore and Maryland, helping to strengthen, unite, and inspire the community. Their investments in staff, infrastructure, and freelance support have enabled them to deliver important news stories, hold leaders accountable, and engage with their audience effectively. As one of the largest and most diverse newsrooms in the state, their efforts have made them an integral and vital part of the communities they serve.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $140,186
  • Program Service Revenue: $764,319
  • Gross Receipts: $17,431,025

    • Assets and Liabilities:
  • Total Assets: $23,964,840
  • Total Liabilities: $4,536,524
  • Net Assets: $19,428,316
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SUBSCRIPTIONS

    Revenue

    $525,452

    ADVERTISING

    Revenue

    $216,334

    PROGRAM

    Revenue

    $22,429

    OTHER FEES AND CHARGES

    Revenue

    $104

    Organization Details

    Founding Year

    2021

    Principal Officer

    Michael Katz

    Main Address

    621 EAST PRATT STREET 401, BALTIMORE, MD, 21202

    NTEE Category

    Code: A33 - Arts

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