Nonprofit · EIN 86-1715499
THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM
Tax-exempt · BALTIMORE, MD 21202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $27,342,716 | $28,816,066 | -$1,473,350 | $24,468,918 | $6,140,239 | $18,328,679 |
| December 31, 2023 | 990 (amended) | $29,832,731 | $29,661,774 | $170,957 | $25,548,498 | $5,773,315 | $19,775,183 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $14,837,315
- Program service revenue
- $7,522,676
- Investment income
- $490,349
- Net income from fundraising events
- -$237,286
- Other revenue
- $4,492,376
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $4,339,912
- Other salaries and wages
- $11,393,826
- Salaries, compensation and benefits (total)
- $18,292,202
- Professional fundraising fees
- $0
- Legal fees
- $447,769
- Accounting fees
- $23,500
- Occupancy
- $471,433
- Travel
- $246,988
- Depreciation
- $777,287
- Program services (functional)
- $25,355,630
- Management and general (functional)
- $2,294,851
- Fundraising (functional)
- $1,165,585
Balance sheet and other
- Total assets, start of year
- $25,548,498
- Total assets, end of year
- $24,468,918
- Total liabilities, end of year
- $6,140,239
- Net assets, end of year
- $18,328,679
- Land, buildings and equipment
- $1,835,386
- Publicly traded securities
- $15,973,204
- Net assets without donor restrictions
- $17,365,051
- Net assets with donor restrictions
- $963,628
- Gross unrelated business income
- $6,519,221
- Gross receipts
- $27,757,787
- Employees
- 158
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KIMIKO YOSHINO | EDITOR IN CHIEF Officer | 40 | $481,160 | $34,310 |
| SHARON NEVINS | CHIEF REVENUE OFFICER Key employee | 40 | $434,461 | $38,575 |
| ROBERT COHN | PRESIDENT, & CEO Trustee or director, Officer | 40 | $415,852 | $35,144 |
| KLAS UDEN | CHIEF MARKETING OFFICER Key employee | 40 | $398,986 | $44,752 |
| BISWAJIT GANGULY | CHIEF TECHNOLOGY OFFICER Key employee | 40 | $285,498 | $41,593 |
| MICHAEL KATZ | TREASURER, SVP OF FINANCE & ANALYTICS Officer | 40 | $281,330 | $22,000 |
| ANDRE JONES | SVP OF PEOPLE, CULTURE, DIVERSITY Key employee | 40 | $261,330 | $18,900 |
| ANDREA MCDANIELS | MANAGING EDITOR Highest-paid employee | 40 | $262,255 | $17,147 |
| SARAH WALTON | CHIEF PHILANTHROPY OFFICER Key employee | 40 | $238,250 | $38,041 |
| MONIQUE JONES | VP OF EDITORIAL AND BUSINESS DEVELOPMENT Highest-paid employee | 40 | $261,693 | $13,368 |
| BRIAN MCGRORY | DIRECTOR, INTERIM CEO, & PRESIDENT Trustee or director, Officer | 40 | $272,521 | $0 |
| ERIC ULKEN | VP OF PRODUCT MANAGEMENT Highest-paid employee | 40 | $227,036 | $28,602 |
| RICHARD MARTIN | DEPUTY MANAGING EDITOR Highest-paid employee | 40 | $209,736 | $32,054 |
| NHAN NGO | DIRECTOR, DIGITAL SALES OPERATIONS Highest-paid employee | 40 | $217,839 | $0 |
| CLAY FISHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JANET CURRIE | DIRECTOR Trustee or director | 1 | $0 |
| JEDD GOULD | SECRETARY Trustee or director | 1 | $0 |
| JOSH TYRANGIEL | DIRECTOR Trustee or director | 1 | $0 |
| SANDY BAINUM | DIRECTOR Trustee or director | 1 | $0 |
| SHANAYSHA SAULS | DIRECTOR Trustee or director | 1 | $0 |
| STEWART BAINUM JR | CHAIRMAN Trustee or director | 5 | $0 |
| WILLIAM BILL L JEWS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KIMIKO YOSHINO | EDITIOR IN CHIEF Officer | 40 | $457,026 | $14,712 |
| IMTIAZ PATEL | CHIEF EXECUTIVE OFFICER Officer | 40 | $459,231 | $769 |
| SHARON NEVINS | CHIEF REVENUE OFFICER Key employee | 40 | $421,205 | $13,022 |
| KLAS UDEN | CHIEF MARKETING OFFICER Key employee | 40 | $386,594 | $15,238 |
| ANDREA MCDANIELS | MANAGING EDITOR Highest-paid employee | 40 | $263,191 | $11,190 |
| BISWAJIT GANGULY | CHIEF TECHNOLOGY OFFICER Key employee | 40 | $255,265 | $12,249 |
| MICHAEL KATZ | TREASURER & SVP OF FINANCE & ANALYTICS Officer | 40 | $249,157 | $9,966 |
| MONIQUE JONES | HEAD OF NEWSROOM STRATEGY Highest-paid employee | 40 | $246,658 | $7,030 |
| ANDRE JONES | SVP OF PEOPLE, CULTURE, DIVERSITY Key employee | 40 | $234,570 | $7,437 |
| WILLIAM WARREN | CHIEF PHILANTHROPIC OFFICER Former | 40 | $233,768 | $4,475 |
| RICHARD MARTIN | DEPUTY MANAGING EDITOR Highest-paid employee | 40 | $207,755 | $10,132 |
| EMMA HARRIS | HEAD OF NEWSROOM AUDIENCE AND DIGITAL EXPERIENCES Highest-paid employee | 40 | $171,051 | $7,956 |
| NHAN NGO | DIRECTOR, DIGITAL SALES OPERATIONS Highest-paid employee | 40 | $175,423 | $0 |
| BRIAN MCGRORY | DIRECTOR & INTERIM CEO Trustee or director | 1 | $0 | $0 |
| JANET CURRIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEDD GOULD | SECRETARY Trustee or director | 1 | $0 | $0 |
| JOSH TYRANGIEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SANDY BAINUM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHANAYSHA SAULS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEWART BAINUM JR | CHAIRMAN Trustee or director | 5 | $0 | $0 |
| WILLIAM BILL L JEWS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 621 EAST PRATT STREET SUITE 401, BALTIMORE, MD 21202-3132
- Principal officer (990 for 2024)
- MICHAEL KATZ, 621 EAST PRATT STREET 401, BALTIMORE, MD 21202
- Signed the 990
- MICHAEL KATZ, TREASURER
- Phone
- (410) 246-8000
- Website
- THEBALTIMOREBANNER.COM
- Return prepared by
- SB & COMPANY LLC
Mission
TO BE THE MOST ESSENTIAL AND COMPELLING NEWS RESOURCE FOR THE PEOPLE OF MARYLAND. WE INFORM, STREGTHEN, AND INSPIRE THE COMMUNITIES WE SERVE BY PROVIDING TRUSTED JOURNALISM THAT TELLS PEOPLE'S STORIES, HOLDS LEADERS ACCOUNTABLE, AND DELIVERS A WIDE RANGE OF LOCAL NEWS THAT READERS AND PARTNERS ARE EAGER TO SUPPORT.
Program accomplishments
- THE VENETOULIS INSTITUTE IS A NONPROFIT ORGANIZATION FOUNDED TO BRING HIGH-QUALITY LOCAL JOURNALISM TO BALTIMORE AND MARYLAND. IN JUNE 2022, WE LAUNCHED THE BALTIMORE BANNER TO FULFILL OUR MISSION. THE BANNER IS A MULTI-PLATFORM NEWS OPERATION COVERING A BROAD RANGE OF TOPICS, FROM LOCAL AND STATE GOVERNMENT TO BUSINESS, SPORTS, EDUCATION, CULTURE, AND THE ARTS. WE SEEK TO CREATE A VIBRANT, TRUSTWORTHY, AND SUSTAINABLE NEWS ORGANIZATION THAT REINVENTS WHAT LOCAL JOURNALISM CAN BE.Expenses $25,355,630 · revenue $7,522,676
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-1715499
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A33)
- Assets (IRS master file)
- $24,468,918
- Income (IRS master file)
- $27,757,787
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $27,342,716 | $28,816,066 | $24,468,918 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $29,832,731 | $29,661,774 | $25,548,498 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $17,431,025 | $17,307,585 | $23,964,840 | IRS |
| 990 | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-1715499).
Questions about THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM
- What is the EIN of THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM?
- The employer identification number (EIN) of THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM is 86-1715499.
- Is THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM?
- The 990 for the year ended December 31, 2024 names MICHAEL KATZ.
- Who are the officers and directors of THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM?
- The 990 for the year ended December 31, 2024 lists 22 people; 14 received compensation from the organization, the highest $481,160 (KIMIKO YOSHINO, EDITOR IN CHIEF).
- How much revenue does THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $27,342,716, expenses of $28,816,066 and total assets of $24,468,918 at year end.
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