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
What are the reviews and ratings of this charity?
The Venetoulis Institute For Local Journalism is currently not rated by Charity Navigator due to insufficient data. This does not imply a positive or negative evaluation; rather, it reflects the organization's relatively recent establishment, with only two years of electronically filed IRS Form 990 data available. As such, the institute cannot yet be evaluated using the Accountability & Finance or the Impact & Measurement methodologies.
The financial information that is available shows the salaries of key personnel, which are noteworthy figures within the organization. The president's compensation is the highest, highlighting potential priorities in leadership investment. However, the overall financial picture and efficiency of operations remain unassessed by Charity Navigator, as further fiscal year data is needed.
Current unavailability of detailed ratings in areas like Culture & Community or Leadership & Adaptability suggests potential areas for future examination once more comprehensive data is accessible. In the absence of user reviews from GreatNonprofits, further insights into the public perception and operational impact of the institute remain uncharted at this time.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,968,455
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,437,726
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?
Brian Mcgrory is the CEO of The Venetoulis Institute For Local Journalism The CEO's salary of The Venetoulis Institute For Local Journalism is $0 and their total compensation is $0.
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 2023 was $29,832,731.
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 2023 was $107,880. There are 115 employees at The Venetoulis Institute For Local Journalism.
Here are 21 key members and their salaries (The Venetoulis Institute For Local Journalism's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $249,157
- Related: $0
- Other: $9,966
- Compensation: $457,026
- Related: $0
- Other: $14,712
- Compensation: $421,205
- Related: $0
- Other: $13,022
- Compensation: $386,594
- Related: $0
- Other: $15,238
- Compensation: $234,570
- Related: $0
- Other: $7,437
- Compensation: $255,265
- Related: $0
- Other: $12,249
- Compensation: $263,191
- Related: $0
- Other: $11,190
- Compensation: $246,658
- Related: $0
- Other: $7,030
- Compensation: $207,755
- Related: $0
- Other: $10,132
- Compensation: $175,423
- Related: $0
- Other: $0
- Compensation: $171,051
- Related: $0
- Other: $7,956
- Compensation: $459,231
- Related: $0
- Other: $769
- Compensation: $233,768
- Related: $0
- Other: $4,475
Official website here: www.thebaltimorebanner.com
Where can I find the form 990 for The Venetoulis Institute For Local Journalism?
The Venetoulis Institute For Local Journalism's most recent form 990 was submitted in 2023 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.
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Impact
October, 2024
The Venetoulis Institute for Local Journalism significantly impacts the Baltimore community by providing trustworthy and quality journalism that strengthens, unites, and inspires local residents. Launched in 2022, the Baltimore Banner serves as the institute’s flagship digital news product, expanding access to vital information and diverse stories that resonate with the community.
By investing in a robust newsroom, the institute has created one of the largest and most diverse newsrooms in Maryland. This team of dedicated journalists focuses on covering crucial issues that affect neighborhoods, empowering residents with knowledge and fostering accountability among leaders. The expanded workforce includes reporters, editors, and support staff across various functions, enhancing the organization's capacity to deliver high-quality journalism.
Technological investments have further enhanced the user experience on the Baltimore Banner platform, making local news easily accessible and engaging for readers. Improved data infrastructure allows for a better understanding of audience preferences, enabling the organization to tailor content that meets the interests of the community.
In addition to a strong staff presence, the integration of freelance journalists has enriched the coverage across different areas, ensuring a well-rounded representation of community voices. Overall, the Venetoulis Institute for Local Journalism is evolving into an essential resource in Baltimore, striving to be an integral part of its communities and continuously working to inform, engage, and inspire the residents it serves.
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.
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 2023.
- Investment Income: $222,294
- Program Service Revenue: $14,030,262
- Gross Receipts: $30,182,738
Assets and Liabilities:
- Total Assets: $23,964,840
- Total Liabilities: $4,536,524
- Net Assets: $19,428,316
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADVERTISING
Revenue
$11,813,761
SUBSCRIPTIONS
Revenue
$2,212,938
OTHER FEES AND CHARGES
Revenue
$3,563
Organization Details
Founding Year
2021
Principal Officer
Michael Katz
Website
www.thebaltimorebanner.comNTEE Category
Code: A33 - Arts
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