The Associated Press Foundation for Journalism Inc
Nonprofit profile at a glance
- EIN
- 992494293
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 9172840573
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Media, Communications Organizations
Reported finances
- Revenue
- $2,000,000
- Expenses
- $231,355
- Assets
- $2,000,000
- Liabilities
- $231,355
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- RACHEL WHITE (EXECUTIVE DIRECTOR)
Highest reported compensation
- RACHEL WHITE (EXECUTIVE DIRECTOR): $106,652 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The foundation's mission is to produce, support and promote high-quality journalism focused on underserved issue and focus areas in order to educate and inform the public and ensure widespread, ongoing public access to educational, reliable, nonpartisan, and independent news and information, with the ultimate goal of educating the general public and enabling more informed participation in civic society.
What it reported doing in 2024
The foundation was formed in 2024 and was in its formative stages as of december 31, 2024. The first year focused on establishing the governing documents and bylaws, setting up the initial board, hiring the executive director, obtaining tax-exempt status, and securing initial funding for programs to be implemented in the subsequent year.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 30
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 83
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 5.8%; rating input score 6
- Program expense ratio: 49.9%; rating input score 50
- Fundraising efficiency: $162.42 raised per $1 spent on fundraising; rating input score 90; 90th percentile among comparable filings
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: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 88.4%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 8.64; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 56; 56th percentile among comparable filings
- Officer compensation ratio: 9%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 5.8% of revenue deployed · 49.9% of spending went to programs
- Governance: 3 of 3 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $115K in reported program spending
- Leadership: top reported pay $107K · 6 people listed
- Consistency: 18 of 18 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 1 filed related-organization link
- 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.
- High — Financial Efficiency: Mission deployment rate scored 6/100.
- Review — Financial Efficiency: Program expense ratio scored 50/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.
- Review — Sustainability: Liabilities to assets ratio scored 56/100.