Sc Press Association Foundation
Nonprofit profile at a glance
- EIN
- 570735348
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Columbia, SC, USA
- Phone
- 8037509561
- Rating confidence
- Limited
Reported finances
- Revenue
- $-12,048
- Expenses
- $30,171
- Assets
- $786,833
- Liabilities
- $141,930
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- HARRY LOGAN (PRESIDENT)
Highest reported compensation
- JENN MADDEN (CO-EXEC DIRE): $88,913 total reported compensation
- RANDALL SAVELY (CO-EXEC DIRE): $86,816 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Charitable and educational services for the news industry
What it reported doing in 2024
Direct college scholarships to juniors and seniors and internship awards
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- Grant intermediary. The nonprofit sent 76% of its reported program spending out as grants.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 36
- Transparency & Controls: 93
- Accountability: 63
- Sustainability: 31
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 47.9%; rating input score 48
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -350.4%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 26.08; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 1.2% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: -24.4% per year; rating input score 0; 16th percentile among comparable filings
- Asset growth: -1% per year; rating input score 0; 35th percentile among comparable filings
Details
- Where the money goes: 47.9% of spending went to programs
- Governance: 8 of 8 board members independent · 1 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $14K in reported program spending
- Leadership: top reported pay $89K · 10 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 5 filed schedules · includes grants
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Program expense ratio scored 48/100.
- High — Accountability: Governance controls: 6 of 7 not reported.
- High — Sustainability: Operating margin scored 9/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.