THE LENFEST INSTITUTE FOR JOURNALISM SPECIAL ASSET FUND OF TPF Charity Report

Public IRS 990 nonprofit record

THE LENFEST INSTITUTE FOR JOURNALISM SPECIAL ASSET FUND OF TPF

EIN 04-3731829 · Fund Raising & Fund Distribution - Philanthropy, Voluntarism, and Grantmaking (T12)

What they do

THE MISSION of THE LENFEST INSTITUTE for JOURNALISM SPECIAL ASSET FUND of THE PHILADELPHIA FOUNDATION (THE INSTITUTE) is to RECEIVE, MANAGE, and DISTRIBUTE ASSETS IN SUPPORT of THE PHILADELPHIA FOUNDATION (TPF) BY ENABLING QUALITY LOCAL JOURNALISM THAT SERVES ITS COMMUNITIES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $88.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders40 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

76.84%of revenue went to mission work88.0% of expenses · Program services

5.24%of revenue went to fundraising6.0% of expenses

$87.34spent for every $100 of revenueRevenue covered expenses this year.

5.26%of revenue went to management and office costs6.0% of expenses

$5.89in assets for every $1 spent this yearSome assets cannot be spent right away.

82.6%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $641,574 for JAMES FRIEDLICH (CHIEF EXECUTIVE OFFICER - LLC). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$26,054,320

Mission workProgram services$20,019,63276.84% of revenue88.0% of expenses

ManagementOffice and general costs$1,370,1955.26% of revenue6.0% of expenses

FundraisingAsking for donations$1,366,3635.24% of revenue6.0% of expenses

Revenue left after expensesReported annual surplus$3,298,13012.66% of revenueShown in gray on the chart

Total expenses$22,756,19087.34% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 88.0% mission · 6.0% management · 6.0% fundraisingTotal expenses: 87.34% of revenue

2023Expense mix: 88.0% mission · 5.5% management · 6.5% fundraisingTotal expenses: 68.25% of revenue

2022Expense mix: 89.1% mission · 4.9% management · 6.1% fundraisingTotal expenses: 51.94% of revenue

2021Expense mix: 87.0% mission · 5.9% management · 7.1% fundraisingTotal expenses: 114.11% of revenue

2020Expense mix: 93.5% mission · 3.2% management · 3.3% fundraisingTotal expenses: 142.11% of revenue

2019Expense mix: 93.6% mission · 3.3% management · 3.1% fundraisingTotal expenses: 114.18% of revenue

2018Expense mix: 85.6% mission · 7.7% management · 6.6% fundraisingTotal expenses: 18.91% of revenue

2017Expense mix: 81.7% mission · 11.4% management · 6.9% fundraisingTotal expenses: 69.21% of revenue

Money in and money out

Revenue$26,054,320

Expenses$22,756,190

Annual surplus $3,298,130 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$20,019,632 · 88.0% of expenses

Management and office costs$1,370,195 · 6.0% of expenses

Fundraising$1,366,363 · 6.0% of expenses

See all reported dollar amounts

Revenue$26,054,320

Expenses$22,756,190

Assets$133,928,628

Income$37,329,393

Contributions$21,531,115

Mission work (program services)$20,019,632

Fundraising$1,366,363

Grants given$106,852,128

Average grant$183,595

Management and general$1,370,195

Stocks and bonds$94,802,559

Accounting fees$63,459

Investing fees$121,915

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JAMES FRIEDLICHCHIEF EXECUTIVE OFFICER - LLC · 37 hrs/week $641,574Base $553,995 · Other $87,579

ANNIE MADONIACHIEF ADVANCEMENT OFFICER - LLC · 37 hrs/week $380,822Base $291,759 · Other $89,063

KEN HERTSCHIEF OPERATING OFFICER - LLC · 37 hrs/week $353,121Base $316,150 · Other $36,971

SHAWN MOORINGHEAD OF PHILADELPHIA PROGRAMS - LLC · 35 hrs/week $222,329Base $173,941 · Other $48,388

REBECCA FORMANHEAD OF DEVEL & DONOR RELATIONS -LLC · 35 hrs/week $217,115Base $189,326 · Other $27,789

KAREN CLEARYCHIEF FINANCIAL OFFICER - LLC · 28 hrs/week $193,574Base $145,764 · Other $47,810

JOSEPH LICHTERMANHEAD OF EDITORIAL AND COMMS - LLC · 35 hrs/week $159,265Base $143,334 · Other $15,931

KAREN MORRISCONTROLLER - LLC · 35 hrs/week $134,499Base $114,162 · Other $20,337

JACQUELINE GALIANIHUMAN RESOURCES MANAGER - LLC · 35 hrs/week $116,597Base $105,029 · Other $11,568

PEDRO A RAMOSSECRETARY, PRESIDENT & CEO · 1 hrs/week $77,078Base · Other $77,078

ORLANDO ESPOSITOTPF CHIEF FINANCIAL OFCR TO JUN 2024 · 1 hrs/week $57,029Base · Other $57,029

CHRISTINE CONTITPF CHIEF FINANCIAL & ADMIN OFFICER · 1 hrs/week $11,683Base · Other $11,683

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (40)

JAMES FRIEDLICHCHIEF EXECUTIVE OFFICER - LLC

ANNIE MADONIACHIEF ADVANCEMENT OFFICER - LLC

KEN HERTSCHIEF OPERATING OFFICER - LLC

SHAWN MOORINGHEAD OF PHILADELPHIA PROGRAMS - LLC

REBECCA FORMANHEAD OF DEVEL & DONOR RELATIONS -LLC

KAREN CLEARYCHIEF FINANCIAL OFFICER - LLC

JOSEPH LICHTERMANHEAD OF EDITORIAL AND COMMS - LLC

KAREN MORRISCONTROLLER - LLC

JACQUELINE GALIANIHUMAN RESOURCES MANAGER - LLC

PEDRO A RAMOSSECRETARY, PRESIDENT & CEO

ORLANDO ESPOSITOTPF CHIEF FINANCIAL OFCR TO JUN 2024

CHRISTINE CONTITPF CHIEF FINANCIAL & ADMIN OFFICER

ROSALIND REMERCHAIR - LLC

MICHAEL K PEARSONBOARD MEMBER

MICHAEL X DELLI CARPINI PHDVICE CHAIR - LLC

KATE ALLISONBOARD MEMBER

SHARMAIN MATLOCK-TURNERBOARD MEMBER

SHELTON MERCER IIIMANAGER - LLC

SHIRIN KARSANBOARD MEMBER

SULAIMAN RAHMANMANAGER - LLC

VIJAY RAVINDRANMANAGER - LLC

WENDELL PRITCHETTBOARD MEMBER

WILLIAM J BURKETREASURER

WILLIAM P HANKOWSKYBOARD MEMBER

LON GREENBERGCHAIR

LASHARAH BUNTINGMANAGER - LLC

KEITH LEAPHARTMANAGER - LLC

ALDUSTUS AJ JORDANBOARD MEMBER

JANE SCACCETTIBOARD MEMBER

HONG QUMANAGER - LLC

HOLLY FLANAGANBOARD MEMBER

EVELYN MCNIFFBOARD MEMBER

EVAN URBANIABOARD MEMBER

ERRIN HAINESMANAGER - LLC

ELLEN SINIS BADGERMANAGER - LLC

DIXIEANNE JAMESBOARD MEMBER

DAVID HAASMANAGER - LLC

DAVID BOARDMANMANAGER - LLC

CHRISTINA MESIRES FOURNARISBOARD MEMBER

ANDREW ROGOFFBOARD MEMBER

About this charity

Recognized since: January 2003
Location: 1835 MARKET ST STE 2410, PHILADELPHIA, PA 19103-2909
County: Philadelphia
In care of: % JEFF PERKINS
Primary officer: PEDRO A RAMOS, PRESIDENT & CEO

How to reach them

Phone(215) 563-6417

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Fund Raising & Fund Distribution - Philanthropy, Voluntarism, and Grantmaking (T12)
IRS tax category: Fund Raising & Fund Distribution
Grant-giving organization: Yes