THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM Charity Report

Public IRS 990 nonprofit record

THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM

EIN 86-1715499 · Printing & Publishing (A33)

What they do

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 PEOPLES STORIES, HOLDS LEADERS ACCOUNTABLE, and DELIVERS A WIDE RANGE of LOCAL NEWS THAT READERS and PARTNERS ARE EAGER to SUPPORT.

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 leaders22 people are listed in the latest report.

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

Money made simple

92.73%of revenue went to mission work88.0% of expenses · Program services

4.26%of revenue went to fundraising4.0% of expenses

$105.39spent for every $100 of revenueSpending was higher than revenue this year.

8.39%of revenue went to management and office costs8.0% of expenses

$0.85in assets for every $1 spent this yearSome assets cannot be spent right away.

54.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

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.

Worth asking: Expenses exceeded revenue by $1,473,350 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $515,470 for KIMIKO YOSHINO (EDITOR IN CHIEF). 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$27,342,716

Mission workProgram services$25,355,63092.73% of revenue88.0% of expenses

ManagementOffice and general costs$2,294,8518.39% of revenue8.0% of expenses

FundraisingAsking for donations$1,165,5854.26% of revenue4.0% of expenses

Total expenses$28,816,066105.39% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

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 · 8.0% management · 4.0% fundraisingTotal expenses: 105.39% of revenue

2023Expense mix: 90.4% mission · 6.5% management · 3.1% fundraisingTotal expenses: 99.43% of revenue

2022Expense mix: 72.3% mission · 23.5% management · 4.3% fundraisingTotal expenses: 99.29% of revenue

2021Expense mix: 83.3% mission · 12.6% management · 4.1% fundraisingTotal expenses: 18.42% of revenue

Money in and money out

Revenue$27,342,716

Expenses$28,816,066

Annual shortfall $1,473,350 Expenses were higher than revenue 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)$25,355,630 · 88.0% of expenses

Management and office costs$2,294,851 · 8.0% of expenses

Fundraising$1,165,585 · 4.0% of expenses

See all reported dollar amounts

Revenue$27,342,716

Expenses$28,816,066

Assets$24,468,918

Income$27,757,787

Contributions$14,837,315

Mission work (program services)$25,355,630

Fundraising$1,165,585

Management and general$2,294,851

Stocks and bonds$15,973,204

Accounting fees$23,500

Investing fees$23,659

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

KIMIKO YOSHINOEDITOR IN CHIEF · 40 hrs/week $515,470Base $481,160 · Other $34,310

SHARON NEVINSCHIEF REVENUE OFFICER · 40 hrs/week $473,036Base $434,461 · Other $38,575

ROBERT COHNPRESIDENT, & CEO · 40 hrs/week $450,996Base $415,852 · Other $35,144

KLAS UDENCHIEF MARKETING OFFICER · 40 hrs/week $443,738Base $398,986 · Other $44,752

BISWAJIT GANGULYCHIEF TECHNOLOGY OFFICER · 40 hrs/week $327,091Base $285,498 · Other $41,593

MICHAEL KATZTREASURER, SVP OF FINANCE & ANALYTICS · 40 hrs/week $303,330Base $281,330 · Other $22,000

ANDRE JONESSVP OF PEOPLE, CULTURE, DIVERSITY · 40 hrs/week $280,230Base $261,330 · Other $18,900

ANDREA MCDANIELSMANAGING EDITOR · 40 hrs/week $279,402Base $262,255 · Other $17,147

SARAH WALTONCHIEF PHILANTHROPY OFFICER · 40 hrs/week $276,291Base $238,250 · Other $38,041

MONIQUE JONESVP OF EDITORIAL AND BUSINESS DEVELOPMENT · 40 hrs/week $275,061Base $261,693 · Other $13,368

BRIAN MCGRORYDIRECTOR, INTERIM CEO, & PRESIDENT · 40 hrs/week $272,521

ERIC ULKENVP OF PRODUCT MANAGEMENT · 40 hrs/week $255,638Base $227,036 · Other $28,602

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 (22)

KIMIKO YOSHINOEDITOR IN CHIEF

SHARON NEVINSCHIEF REVENUE OFFICER

ROBERT COHNPRESIDENT, & CEO

KLAS UDENCHIEF MARKETING OFFICER

BISWAJIT GANGULYCHIEF TECHNOLOGY OFFICER

MICHAEL KATZTREASURER, SVP OF FINANCE & ANALYTICS

ANDRE JONESSVP OF PEOPLE, CULTURE, DIVERSITY

ANDREA MCDANIELSMANAGING EDITOR

SARAH WALTONCHIEF PHILANTHROPY OFFICER

MONIQUE JONESVP OF EDITORIAL AND BUSINESS DEVELOPMENT

BRIAN MCGRORYDIRECTOR, INTERIM CEO, & PRESIDENT

ERIC ULKENVP OF PRODUCT MANAGEMENT

RICHARD MARTINDEPUTY MANAGING EDITOR

NHAN NGODIRECTOR, DIGITAL SALES OPERATIONS

JOSH TYRANGIELDIRECTOR

JEDD GOULDSECRETARY

JANET CURRIEDIRECTOR

CLAY FISHERDIRECTOR

SANDY BAINUMDIRECTOR

SHANAYSHA SAULSDIRECTOR

STEWART BAINUM JRCHAIRMAN

WILLIAM BILL L JEWSDIRECTOR

About this charity

Recognized since: January 2021
Location: 621 EAST PRATT STREET SUITE 401, BALTIMORE, MD 21202-3132
County: Baltimore (city)
In care of: MICHAEL KATZ
Primary officer: MICHAEL KATZ, TREASURER

How to reach them

WebsiteVisit the charity’s website Emailcustomercare@thebaltimorebanner.com.OK Phone(410) 246-8000

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: SB & COMPANY LLC
NTEE classification: Printing & Publishing (A33)
IRS tax category: Printing & Publishing