2025-11-03T10:09:46-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2024-01-01 043731829 THE LENFEST INSTITUTE FOR JOURNALISM SPECIAL ASSET FUND OF TPF LENF 2155636417 1835 MARKET STREET 2410 PHILADELPHIA PA 19103 PEDRO A RAMOS PRESIDENT & CEO 2155636417 2025-10-31 1 1 DANIELLE NIHILL P01350943 7819821001 2025-10-30 2024 2025-03-06 01:10:19Z PEDRO A RAMOS 1835 MARKET STREET 2410 PHILADELPHIA PA 19103 37329393 0 X N/A X 2002 PA SUPPORT THE PHILADELPHIA FOUNDATION BY ENABLING QUALITY LOCAL JOURNALISM IN ITS COMMUNITIES 30 28 19 33 0 0 29834389 21531115 0 0 2059008 4349761 58444 173444 31951841 26054320 13810448 15091490 0 0 3308792 3126280 0 0 1366363 4688935 4538420 21808175 22756190 10143666 3298130 124527937 133928628 3788099 5672646 120739838 128255982 X 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. 0 0 20019632 15091490 0 THE LENFEST INSTITUTE FOR JOURNALISM, LLC (LLC):THE LLC IS A DISREGARDED ENTITY OF THE INSTITUTE THAT SUPPORTS BOTH THE DIGITAL TRANSFORMATION OF HERITAGE NEWS ORGANIZATIONS AND THE ENTREPRENEURIAL EFFORTS OF YOUNG, INNOVATIVE COMPANIES. THE INSTITUTE BELIEVES THAT QUALITY CIVIC JOURNALISM REQUIRES NEW BUSINESS MODELS, POWERFUL INNOVATIONS AND GROWING, DIVERSE AUDIENCES TO ACHIEVE SUSTAINABILITY IN THE DIGITAL AGE. IT FUNDS PROGRAMS THAT PRODUCE HIGH-IMPACT JOURNALISM, INNOVATIVE NEWS TECHNOLOGY, AND THAT HELP LOCAL NEWS ORGANIZATIONS REACH NEW AUDIENCES AND DEVELOP SUSTAINABLE DIGITAL BUSINESS MODELS.(CONTINUED ON SCHEDULE O.)TO ACCOMPLISH THE ORGANIZATION'S EXEMPT PURPOSE, AND CREATE CLARITY OF FOCUS UNDERNEATH THE OVERARCHING PROGRAM OBJECTIVES, THREE CORE CATEGORIES HAVE BEEN DEVELOPED: NATIONAL, PHILADELPHIA, AND THE INQUIRER. THE FOLLOWING SPECIFIC PROGRAMMATIC ACTIVITIES AND ACCOMPLISHMENTS ALL SERVE THE OVERARCHING PROGRAMMATIC OBJECTIVES TO SUPPORT PROGRAMS THAT PRODUCE HIGH-IMPACT JOURNALISM, INNOVATE NEWS TECHNOLOGY, AND LEAD TO HIGHLY ENGAGED, DIVERSE AND GROWING AUDIENCES.THE PHILADELPHIA INQUIRER:THE LENFEST INSTITUTE IS THE NONPROFIT, NON-CONTROLLING OWNER OF THE PHILADELPHIA INQUIRER, WHICH IS NOW THE LARGEST NEWSPAPER IN AMERICA OPERATED AS A PUBLIC-BENEFIT CORPORATION. THE INSTITUTE'S OWNERSHIP OF THE INQUIRER, WHICH COVERS ONE OF THE LARGEST, MOST DIVERSE METRO REGIONS IN THE COUNTRY, IS THE CORNERSTONE OF ITS ENTHUSIASTIC INVESTMENT IN LOCAL NEWS.THE PHILADELPHIA NEWS ECOSYSTEM:IN THE PHILADELPHIA AREA, THE INSTITUTE FACILITATES A COLLABORATIVE NEWS AND INFORMATION ECOSYSTEM THAT BUILDS ON VALUABLE HISTORY WHILE ALSO FOSTERING ENTREPRENEURIAL VISION AND INNOVATION. DIVERSITY AND REPRESENTATION ARE CRITICAL COMPONENTS OF POSITIVE BUSINESS OUTCOMES. THE INSTITUTE IS WORKING TO DEFINE DIFFERENT PATHWAYS TO SUSTAINABILITY FOR PUBLISHERS WHILE ALSO ENSURING A DIVERSITY OF REPRESENTATIVE VOICES AND LEADERSHIP IN BOTH LEGACY AND INDEPENDENT MEDIA REFLECTIVE OF THE COMMUNITIES THEY ARE SERVING. SPOTLIGHT PA:SPOTLIGHT PA, THE HARRISBURG NEWSROOM LAUNCHED BY THE LENFEST INSTITUTE AND THE PHILADELPHIA INQUIRER, CREATES HIGH-QUALITY NONPARTISAN INVESTIGATIVE AND ACCOUNTABILITY REPORTING FOR THE BENEFIT OF ALL PENNSYLVANIANS. IT PROVIDES ITS REPORTING FREE-OF-CHARGE TO MORE THAN 80 OTHER NEWSPAPERS, PUBLIC RADIO STATIONS, AND WEBSITES THROUGHOUT THE COMMONWEALTH. AS THE STEWARD OF BOTH THE INQUIRER AND SPOTLIGHT PA, THE INSTITUTE IS BLAZING A UNIQUE PATH BY SERVING LEGACY PUBLISHERS AND DIGITAL START-UPS AS THEY AIM TO FILL GAPS AND SERVE NEW AND UNDERREPRESENTED AUDIENCES. NATIONAL SOLUTIONS FOR LOCAL NEWS:NATIONALLY, THE INSTITUTE LEVERAGES ITS INSTITUTIONAL EXPERTISE AND RESOURCES TO FACILITATE CAPACITY BUILDING FOR LOCAL NEWS PUBLISHERS THROUGH TRAINING PROGRAMS AND GRANTMAKING TO SUPPORT THE IMPLEMENTATION OF BUSINESS MODEL BEST PRACTICES. OTHER PROGRAM ACTIVITIES:THE INSTITUTE SUPPORTS BOTH THE DIGITAL TRANSFORMATION OF HERITAGE NEWS ORGANIZATIONS AND THE ENTREPRENEURIAL EFFORTS OF YOUNG, INNOVATIVE COMPANIES. OTHER PROGRAM ACTIVITIES INCLUDE CONVENING, ADVISORY WORK, LEARNINGS SEMINARS, RESEARCH AND OTHER OUTREACH IN SUPPORT OF LOCAL JOURNALISM. 20019632 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 65 0 1 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 30 28 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 1 0 AK AL AR CA FL GA HI IL KS KY MA MD MI MN MS NC ND NH NJ NM NY OK OR PA RI SC TN VA WI WV X X KAREN CLEARY 2155636417 1835 MARKET STREET 2410 PHILADELPHIA PA 19103 JAMES FRIEDLICH CHIEF EXECUTIVE OFFICER - LLC 37.00 0.00 X X 553995 0 87579 PEDRO A RAMOS SECRETARY, PRESIDENT & CEO 1.20 37.10 X X 0 451338 77078 ANNIE MADONIA CHIEF ADVANCEMENT OFFICER - LLC 37.00 0.00 X 291759 0 89063 KEN HERTS CHIEF OPERATING OFFICER - LLC 37.00 0.00 X 316150 0 36971 ORLANDO ESPOSITO TPF CHIEF FINANCIAL OFCR TO JUN 2024 1.00 35.10 X 0 200568 57029 SHAWN MOORING HEAD OF PHILADELPHIA PROGRAMS - LLC 35.00 0.00 X 173941 0 48388 REBECCA FORMAN HEAD OF DEVEL & DONOR RELATIONS -LLC 35.00 0.00 X 189326 0 27789 KAREN CLEARY CHIEF FINANCIAL OFFICER - LLC 28.00 0.00 X 145764 0 47810 JOSEPH LICHTERMAN HEAD OF EDITORIAL AND COMMS - LLC 35.00 0.00 X 143334 0 15931 KAREN MORRIS CONTROLLER - LLC 35.00 0.00 X 114162 0 20337 CHRISTINE CONTI TPF CHIEF FINANCIAL & ADMIN OFFICER 1.00 35.10 X 0 116827 11683 JACQUELINE GALIANI HUMAN RESOURCES MANAGER - LLC 35.00 0.00 X 105029 0 11568 LON GREENBERG CHAIR 1.00 4.30 X X 0 0 0 WILLIAM J BURKE TREASURER 1.00 4.30 X X 0 0 0 ROSALIND REMER CHAIR - LLC 1.00 0.00 X X 0 0 0 MICHAEL X DELLI CARPINI PHD VICE CHAIR - LLC 1.00 0.00 X X 0 0 0 KATE ALLISON BOARD MEMBER 1.00 2.30 X 0 0 0 HOLLY FLANAGAN BOARD MEMBER 1.00 2.30 X 0 0 0 CHRISTINA MESIRES FOURNARIS BOARD MEMBER 1.00 2.30 X 0 0 0 WILLIAM P HANKOWSKY BOARD MEMBER 1.00 2.30 X 0 0 0 DIXIEANNE JAMES BOARD MEMBER 1.00 2.30 X 0 0 0 ALDUSTUS AJ JORDAN BOARD MEMBER 1.00 2.30 X 0 0 0 SHIRIN KARSAN BOARD MEMBER 1.00 2.30 X 0 0 0 SHARMAIN MATLOCK-TURNER BOARD MEMBER 1.00 2.30 X 0 0 0 EVELYN MCNIFF BOARD MEMBER 1.00 2.30 X 0 0 0 MICHAEL K PEARSON BOARD MEMBER 1.00 2.30 X 0 0 0 WENDELL PRITCHETT BOARD MEMBER 1.00 2.30 X 0 0 0 ANDREW ROGOFF BOARD MEMBER 1.00 2.30 X 0 0 0 JANE SCACCETTI BOARD MEMBER 1.00 2.30 X 0 0 0 EVAN URBANIA BOARD MEMBER 1.00 2.30 X 0 0 0 ELLEN SINIS BADGER MANAGER - LLC 1.00 2.30 X 0 0 0 DAVID BOARDMAN MANAGER - LLC 1.00 0.00 X 0 0 0 LASHARAH BUNTING MANAGER - LLC 1.00 0.00 X 0 0 0 DAVID HAAS MANAGER - LLC 1.00 0.00 X 0 0 0 ERRIN HAINES MANAGER - LLC 1.00 0.00 X 0 0 0 KEITH LEAPHART MANAGER - LLC 1.00 0.00 X 0 0 0 SHELTON MERCER III MANAGER - LLC 1.00 0.00 X 0 0 0 HONG QU MANAGER - LLC 1.00 0.00 X 0 0 0 SULAIMAN RAHMAN MANAGER - LLC 1.00 0.00 X 0 0 0 VIJAY RAVINDRAN MANAGER - LLC 1.00 0.00 X 0 0 0 2033460 768733 531226 9 0 1 0 AUTOMATTIC INC PO BOX 742771 LOS ANGELES CA 900742771 SUPPORT SERVICES TO LOCAL NEWS ORGS 1240000 BLUE LENA 306 AMBERMORE PLACE CARY NC 27519 SUPPORT SERVICES TO LOCAL NEWS ORGS 795000 DAVID CHIVERS 5411 ROBERTSON DRIVE DES MOINES IA 50312 LENFEST AI FELLOW PROGRAM LEAD SVCS 196861 LOVE NOW LLC 3922 NICO LANE COLLEGEVILLE PA 19146 SUPPORT FOR PHILA MEDIA FOUNDERS EXCH 164459 VANGUARD INSTITUTIONAL ADVISORY SERVICES PO BOX 3009 MONROE WI 535668309 INVESTMENT MANAGEMENT SERVICES 121915 7 169500 21361615 21531115 3397957 3397957 12225634 1243 11273553 1520 952081 -277 951804 951804 FEE FOR SERVICE INCOME 900099 173444 173444 173444 26054320 0 0 4523205 X 14991490 14991490 100000 100000 1554714 541118 370023 643573 1303999 716387 191324 396288 57932 30575 8335 19022 55144 34110 6666 14368 154491 71306 31435 51750 75570 75570 63459 63459 121915 121915 3384352 2986327 347043 50982 13785 11513 956 1316 61630 9893 23495 28242 113463 53912 26937 32614 89805 31521 24517 33767 127848 69603 19158 39087 319740 261479 14858 43403 14073 4939 3842 5292 34839 34839 PROGRAM EXPENSES 100255 100255 MEMBERSHIP DUES 17686 5204 5823 6659 22756190 20019632 1370195 1366363 139836 21243859 9610895 6839545 14878934 32176 30874 121270 27861 100904 93409 81598889 94802559 13858614 13858614 714114 653343 124527937 133928628 1432854 1326856 1628754 3668682 726491 677108 3788099 5672646 X 32301963 31690173 88437875 96565809 120739838 128255982 124527937 133928628 3298130 4218014 0 X 0 1 X 1 0 X X 1 THE PHILADELPHIA FOUNDATION 231581832 8 1 20019632 0 1 20019632 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 63295417 7030702 4651433 85579 65589107 59234718 8777362 4624943 91720 63295417 69667433 298283 -10631561 99437 59234718 65927907 1300000 6758130 4215414 103190 69667433 63938879 1400000 5515791 4750825 175938 65927907 0.00000 0.85550 0.14450 0 0 33328 6666 26662 39268 11460 27808 48674 9735 38939 93409 THE PHILADELPHIA INQUIRER, PBC - NONVOTING SHARES 13858614 C 13858614 LEASE LIABILITY 677108 677108 30150419 4218014 4218014 25932405 121915 121915 26054320 22634275 0 22634275 121915 121915 22756190 PART V, LINE 4: THE PURPOSE OF THE PERMANENTLY RESTRICTED ENDOWMENT IS TO SUPPORT CURRENT OPERATIONS THROUGH A TOTAL RETURN INVESTMENT STRATEGY AND A SPENDING POLICY SET TO MAINTAIN, AND IDEALLY INCREASE THE PURCHASING POWER OF THE ENDOWMENT WHILE PUTTING THE PRINCIPAL VALUE OF THESE FUNDS AT MINIMAL RISK. THE TEMPORARILY RESTRICTED ENDOWMENT FUNDS ARE RESTRICTED TO SUPPORT THE INQUIRER'S TRANSITION TO DIGITAL NEWS DELIVERY. 1 THE PHILADELPHIA INQUIRER 100 SOUTH INDEPENDENCE MALL WEST SUITE 600 PHILADELPHIA PA 19107 455415437 7847500 0 THE INSTITUTE IS SUPPORTING THE INQUIRERS TRANSITION FROM A TRADITIONAL PRINTED NEWSPAPER TO AN ECONOMICALLY SUSTAINABLE, PRIMARILY DIGITAL, EQUITABLE NEWS ENTERPRISE. A SERIES OF GRANTS WERE MADE TO THE INQUIRER TO FUND (A) HIGH IMPACT JOURNALISM, INCLUDING WORK BY ITS INVESTIGATIVE TEAM, SPOTLIGHT PA AND HEALTH COVERAGE AND (B) NEWS TECHNOLOGY AND PRODUCT IMPROVEMENTS, INCLUDING A GRANT FOR DIGITAL TRANSFORMATION ACCELERATION, BRAND DEVELOPMENT, TECHNOLOGY FOR AUDIENCE GROWTH, DIGITAL SUBSCRIPTION PROCESS IMPROVEMENTS, AND OTHER TECHNOLOGY SUPPORT. 2PUNTOS PLATFORM 5 DENNING LANE DELANCO NJ 08075 990924258 501(C)(3) 40000 0 (A) = $40,000 ASIAN AMERICAN JOURNALISTS ASSOCIATION 228 VALLEY GLEN LANE MARTINEZ CA 94553 953755203 501(C)(3) 12500 0 (B) = $12,500 BIG PICTURE ALLIANCE 1315 WALNUT STREET SUITE 133 PHILADELPHIA PA 19107 232032930 501(C)(3) 50000 0 (A) = $50,000 BLACK FARMERS INDEX 200 BAXTER STREET LAFAYETTE LA 70501 852297065 501(C)(3) 7685 0 (C) = $7,685 BORDERLESS MAGAZINE NFP 4753 N BROADWAY 2ND FLOOR CHICAGO IL 60640 831266434 501(C)(3) 20000 0 (D) = $20,000 BUILD OUR LIVES TOGETHER INC 439 GASKILL STREET PHILADELPHIA PA 19147 873101920 501(C)(3) 25000 0 (E) = $25,000 CAMBRIDGE ARTIFICIAL INTELLIGENCE INC 31 BRADFORD ROAD WELLESLEY MA 02481 993822621 501(C)(3) 475000 0 (F) = $475,000 CEIBA 174 DIAMOND STREET PHILADELPHIA PA 19122 232732783 501(C)(3) 30000 0 (E) = $30,000 CHICAGO PUBLIC MEDIA INC 848 E GRAND AVE NAVY PIER CHICAGO IL 60611 363687394 501(C)(3) 500000 0 (G) = $500,000 CHILDREN FIRST PA 990 SPRING GARDEN STREET SUITE 200 PHILADELPHIA PA 19123 232137461 501(C)(3) 10000 0 (E) = $10,000 C2 CONSULTING SERVICES LLCCITY ATHLETICS COMMUNITY PARTNERS 1222 N 27TH STREET PHILADELPHIA PA 19121 851994985 10000 0 (E) = $10,000 CITYSIDE JOURNALISM INITIATIVE 2120 UNIVERSITY AVE BERKELEY CA 94704 843448887 501(C)(3) 25000 0 (H) = $25,000 CIVIC CAPITAL CONSULTING 1028 BELL AVENUE YEADON PA 19050 901707595 125000 0 (A) = $75,000, (J) = $50,000 CIVIC NEWS COMPANY 450 7TH AVE 32ND FLOOR NEW YORK NY 10123 900915846 501(C)(3) 50000 0 (A) = $50,000 CMPRADIO FOUNDATION 305 E 24TH STREET CHESTER PA 19013 833317763 501(C)(3) 50000 0 (J) = $50,000 COMMITTEE OF SEVENTY 123 SOUTH BROAD STREET SUITE 1800 PHILADELPHIA PA 19109 230487205 501(C)(3) 25000 0 (E) = $25,000 CONGRESO DE LATINOS UNIDOS INC 216 WEST SOMERSET STREET PHILADELPHIA PA 19133 232051143 501(C)(3) 50000 0 (E) = $50,000 CULTURETRUST PHILADALPHIA 1315 WALNUT STREET SUITE 320 PHILADELPHIA PA 19107 463109411 501(C)(3) 90000 0 (A) = $50,000, (E) = $30,000, (K) = $10,000 DAYONENOTDAYTWO 744 SOUTH STREET 1074 PHILADELPHIA PA 19147 883457256 501(C)(3) 50000 0 (A) = $50,000 DELAWARE COMMUNITY FOUNDATION INC PO BOX 1636 WILMINGTON DE 19899 222804785 501(C)(3) 150000 0 (L) = $150,000 DOCUMENTED LTD PO BOX 924 NEW YORK NY 10272 833036502 501(C)(3) 20000 0 (D) = $20,000 EASTER SEALS OF SOUTHEASTERN PENNSYLVANIA 3975 CONSHOHOCKEN AVENUE PHILADELPHIA PA 19131 231352293 501(C)(3) 20000 0 (E) = $20,000 ECONOMY LEAGUE OF GREATER PHILADELPHIA 1800 JFK BLVD SUITE 460 PHILADELPHIA PA 19103 231352264 501(C)(3) 75000 0 (E) = $75,000 CENTRO INTEGRAL DE LA MUJER TIERRA 427 VAN KIRK STREET PHILADELPHIA PA 191201120 873591408 501(C)(3) 30000 0 (A) = $30,000 ELEVATE 215 123 SOUTH BROAD STREET SUITE 1170 PHILADELPHIA PA 19109 273097212 501(C)(3) 25000 0 (E) = $25,000 ENON TABERNACLE BAPTIST CHURCH 2800 W CHELTENHAM AVENUE PHILADELPHIA PA 19150 920194648 30000 0 (E) = $30,000 EPISCOPAL COMMUNITY SERVICES OF THE DIOCESE OF PA 1028 BELL AVENUE YEADON PA 19050 901707595 10000 0 (E) = $10,000 FEDERATION OF NEIGHBORHOOD CENTERS INC 1901 SOUTH 9TH STREET SUITE 212 PHILADELPHIA PA 19148 231630073 501(C)(3) 325000 0 (A) = $130,000, (E) = $15,000, (M) = $100,000, (N) = $80,000 FUNTIMES MAGAZINE LLC 1226 N 52ND STREET PHILADELPHIA PA 19131 800583176 107500 0 (A) = $60,000, (I) = $47,500 GLENNOAKS MEDIA LLC PO BOX 30711 CHARLOTTE NC 28230 262747371 20000 0 (D) = $20,000 GREATER DAYS AHEAD INC 236 WEST WALNUT LANE B106 PHILADELPHIA PA 19144 464679374 10000 0 (E) = $10,000 IHEARTMEDIA ENTERTAINMENT INC 5180 GOLDEN FOOTHILL PARKWAY STE 120 EL DORADO HILLA CA 95762 742722883 50000 0 (A) = $50,000 INDONESIAN LANTERN MEDIA LLC 2114 S DORRANCE STREET PHILADELPHIA PA 19145 466321883 70000 0 (A) = $20,000, (J) = $50,000 INVESTIGATIVE NEWSOURCE PO BOX 34546 SAN DIEGO CA 92163 270732786 501(C)(3) 15000 0 (D) = $15,000 LANCASTER AVENUE 21ST CENTURY BUSINESS ASSOCIATION 3500 LANCASTER AVENUE PHILADELPHIA PA 19104 900502551 501(C)(3) 15000 0 (E) = $15,000 LOOKOUT SANTA CRUZ 725 FRONT STREET SANTA CRUZ CA 95060 320606025 6000 0 (P) = $6,000 KENTUCKY PUBLIC RADIOLOUISVILLE PUBLIC MEDIA 619 SOUTH 4TH STREET LOUISVILLE KY 40202 611259787 501(C)(3) 12960 0 (D) = $12,960 LOVE NOW MEDIA INC 3922 NICO LANE COLLEGEVILLE PA 19146 854074069 50000 0 (A) = $50,000 MASCO COMMUNICATIONS 505 SOUTH 4TH STREET PHILADELPHIA PA 19147 232278868 60000 0 (A) = $60,000 MONTANA FREE PRESS 34 W 6TH AVE SUITE 2C HELENA MT 59601 475237719 501(C)(3) 8000 0 (Q) = $8,000 GREEN LINE MEDIA INCMOUNTAIN XPRESS PO BOX 144 ASHEVILLE NC 28802 561737648 19205 0 (D) = $19,205 ALLIANCE FOR A JUST PHILADELPHIAMOVEMENT ALLIANCE PROJECT 924 CHERRY STREET 5TH FLOOR PHILADELPHIA PA 19107 260307123 501(C)(3) 15000 0 (E) = $15,000 NEED IN DEED 441 EAST HIGH STREET PHILADELPHIA PA 19144 222801013 501(C)(3) 10000 0 (E) = $10,000 NEW HAMPSHIRE PUBLIC RADIO 2 PILLSBURY ST SUITE 600 CONCORD NH 03301 020338667 501(C)(3) 8000 0 (Q) = $8,000 NEW MAINSTREAM PRESS INC 167 OLD BELMONT AVENUE BALA CYNWYD PA 19804 262662097 75000 0 (A) = $75,000, (J) = $50,000 NEWS PRODUCT ALLIANCE CORPORATION 8 THE GREEN DOVER DE 19901 883995467 501(C)(3) 20000 0 (R) = $20,000 NEWSDAY LLC 6 CORPORATE CENTER DRIVE MELVILLE NY 11747 262913233 500000 0 (G) = $500,000 NEXT CITY INC PO BOX 22449 PHILADELPHIA PA 19110 223886361 501(C)(3) 30000 0 (A) = $30,000 NORTH 10 PHILADELPHIA 3890 N 10TH STREET PHILADELPHIA PA 19140 205105110 501(C)(3) 25000 0 (E) = $25,000 NUEVA ESPERANZA INC 4261 NORTH 5TH STREET PHILADELPHIA PA 19140 232552707 501(C)(3) 237000 0 (A) = $75,000, (M) = $162,000 ORANGE INTERNATIONAL MEDIA INC 6401 CASTOR AVE ROOM 101 PHILADELPHIA PA 19149 853320312 50000 0 (A) = $50,000 OUR BIBLE APP 1010 N HANCOCK ST PHILADELPHIA PA 19123 824243846 40000 0 (A) = $40,000 OUTLIER MEDIA 440 BURROUGHS DETROIT MI 48202 874775293 501(C)(3) 20000 0 (H) = $20,000 PENNSYLVANIA FOR MODERN COURTS 2 PENN CENTER SUITE 1140 1500 JFK BOULEVARD PHILADELPHIA PA 19102 232434262 501(C)(3) 10000 0 (E) = $10,000 PENNSYLVANIA PRISON SOCIETY 230 SOUTH BROAD STREET SUITE 605 PHILADELPHIA PA 19102 231352267 501(C)(3) 10000 0 (E) = $10,000 PHILA ASSOC OF BLACK JOURNALISTS 30 SOUTH 15TH STREET PHILADELPHIA PA 19102 232094500 501(C)(3) 10500 0 (A) = $10,500 PHILADELPHIA ASSOCIATION OF COMMUNITY DEVELOPMENT CORP 1315 WALNUT STREET SUITE 920 PHILADELPHIA PA 19107 232707112 501(C)(3) 15000 0 (E) = $15,000 PHILADELPHIA FILM FACTORY INC 3675 MARKET STREET SUITE 200 PHILADELPHIA PA 19104 881318508 501(C)(3) 20000 0 (E) = $20,000 PHILADELPHIA SUN GROUP INC 6700 GERMANTOWN AVE LOWER LEVEL PHILADELPHIA PA 19119 232687748 20000 0 (A) = $20,000 PHILADELPHIA TRIBUNE CO 520 SOUTH 16TH STREET PHILADELPHIA PA 19146 230974080 70000 0 (A) = $70,000 PHILADELPHIA PUBLIC ACCESS CORPORATIONPHILLYCAM 699 RANSTEAD STREET PHILADELPHIA PA 19106 263817913 501(C)(3) 100000 0 (M) = $100,000 PUBLIC MEDIA NETWORK 359 S KALAMAZOO MALL STE 300 KALAMAZOO MI 49009 382564383 501(C)(3) 6200 0 (D) = $6,200 PUBLICSOURCE INC 1936 FIFTH AVE PITTSBURGH PA 15219 474309256 501(C)(3) 21400 0 (H) = $21,400 RED FLAG MEDIA 1032 ARCH STREET FLOOR 3 PHILADELPHIA PA 19107 233085114 70000 0 (A) = $70,000 REPORTERS COMMITTEE FOR FREEDOM OF THE PRESS 1156 15TH STREET NW SUITE 1020 WASHINGTON DC 20005 520972043 501(C)(3) 75000 0 (U) = $75,000 RESEARCH FOR ACTION INC 3675 MARKET STREET SUITE 200 PHILADELPHIA PA 19104 232710950 501(C)(3) 27500 0 (E) = $27,500 RESOLVE PHILADELPHIA INC 699 RANSTEAD STREET STE 3 PHILADELPHIA PA 191062334 832762074 501(C)(3) 50000 0 (A) = $50,000 RICHLAND SOURCE 40 WEST 4TH ST MASFIELD OH 44902 900924516 20000 0 (D) = $20,000 RUSSELLBRAND GLOBAL ENTERPRISE LLC 453 OAKWOOD STREET WASHINGTON DC 20032 833631797 90000 0 (A) = $40,000, (J) = $50,000 THE SCRIBE VIDEO CENTER INC PO BOX 13267 PHILADELPHIA PA 191013267 232358942 501(C)(3) 24915 0 (A) = $24,915 SOUTHEAST ASIAN MAA COALITION INC 1711 S BROAD STREET PHILADELPHIA PA 19148 222541120 501(C)(3) 10000 0 (E) = $10,000 SEATTLE TIMES COMPANY 1000 DENNY WAY SEATTLE WA 98109 910403890 500000 0 (G) = $500,000 SOUTHWEST COMMUNITY DEVELOPMENT CORP 6328 PASCHALL AVENUE PHILADELPHIA PA 19142 232491247 501(C)(3) 15000 0 (E) = $15,000 SPOTLIGHT MEDIA LABS INC 5482 WILSHIRE BLVD 1907 LOS ANGELES CA 90036 301039880 25000 0 (V) = $25,000 SPOTLIGHT PA 228 WALNUT ST 11728 HARRISBURG PA 171081728 920577182 501(C)(3) 510000 0 (O) = $10,000, (S) = $500,000 STAR TRIBUNE MEDIA INTERMEDIATE HOLDINGS COMPANY II 650 3RD AVE S SUITE 1300 MINNEAPOLIS MN 55488 800481910 500000 0 (G) = $500,000 SUSTAINABLE BUSINESS EDUCATION INITIATIVE INC 915 SPRING GARDEN STREET SUITE 502 PHILADELPHIA PA 19123 273473341 501(C)(3) 20000 0 (E) = $20,000 TECHNICALLY MEDIA INC CURTIS CENTER 601 WALNUT STREET 1200 PHILADELPHIA PA 19106 273522063 50000 0 (A) = $50,000 THE CENTER FOR MICHIGAN 220 W MICHIGAN AVE YPSILANTI MI 48197 320167398 501(C)(3) 8000 0 (Q) = $8,000 THE CENTER FOR STRATEGIC ECONOMIC STUDIES & INSTITUTIONAL DEVELOPMENT 330 E LAMBERT ROAD STE 275 BREA CA 928214136 522135889 501(C)(3) 20000 0 (E) = $20,000 THE HAITIAN TIMES 495 FLATBUSH AVE SUITE 38 BROOKLYN NY 11225 824949037 276625 0 (T) = $276,625 THE MONKEY & THE ELEPHANT 2831 WEST GIRARD AVENUE PHILADELPHIA PA 19130 463420110 501(C)(3) 10000 0 (E) = $10,000 THE PHILADELPHIA CITIZEN 2400 MARKET STREET PHILADELPHIA PA 191033041 462777419 501(C)(3) 70000 0 (A) = $70,000 THE PHILADELPHIA HALL MONITOR LLC 4930 LARCHWOOD AVENUE PHILADELPHIA PA 19143 844079695 50000 0 (A) = $50,000 THE TWO RIVER TIMES FOUNDATION 12 BROAD STREET 5TH FLOOR RED BANK NJ 07701 863503437 501(C)(3) 20000 0 (D) = $20,000 TINY NEWS COLLECTIVE INC 111 NORTH WABASH AVE STE 100 3868 CHICAGO IL 60602 853963369 501(C)(3) 57000 0 (A) = $57,000 TRACE MEDIA INC PO BOX 24532 BROOKLYN NY 11202 414175513 501(C)(3) 60000 0 (A) = $60,000 URBAN AFFAIRS COALITION 1207 CHESTNUT STREET PHILADELPHIA PA 19107 237046393 501(C)(3) 80000 0 (E) = $80,000 VICTORIAS URBAN OUTREACH TUTORING SERVICE 6353 GERMANTOWN AVE 3RD FLOOR REAR PHILADELPHIA PA 19144 814082698 501(C)(3) 10000 0 (E) = $10,000 WE TALK WEEKLY LLC 1618 NORTH 76TH STREET PHILADELPHIA PA 19151 844898255 50000 0 (A) = $50,000 WELCOME AMERICA INC PO BOX 22473 PHILADELPHIA PA 19110 232721729 501(C)(3) 40000 0 (E) = $40,000 WHY NOT PROSPER INC 717 E CHELTEN AVE PHILADELPHIA PA 19144 233089308 501(C)(3) 30000 0 (E) = $30,000 WHYY 150 NORTH 6TH STREET PHILADELPHIA PA 19106 231438083 501(C)(3) 120000 0 (A) = $120,000 WOORI CENTER 100 W MAIN STREET STE 320 NORTH WALES PA 194462083 844038784 501(C)(3) 17500 0 (E) = $17,500 WOY MAGAZINE LLC 1213 S 61ST STREET PHILADELPHIA PA 19143 872617909 7500 0 (J) = $7,500 WURD RADIO LLC 200 HIGHPOINT SRIVE 215 CHALFONT PA 18914 431986554 125000 0 (A) = $125,000 65 32 EVERY VOICE, EVERY VOTE MEDIA PARTNERSHIP GRANT FOR COMMUNITY-CENTERED JOURNALISM PROJECTS RELATED TO CIVIC LIFE IN PHILADELPHIA. 1 40000 0 N/A N/A PHILADELPHIA MEDIA FOUNDERS EXCHANGE PROGRAM GRANT THAT PROVIDES OPERATING AND OTHER SUPPORT FOR THE WORK OF BIPOC MEDIA ENTREPRENUERS. 1 50000 0 N/A N/A GRANT TO ATTEND SULZBERGER EXECUTIVE LEADERSHIP PROGRAM AT COLUMBIA UNIVERSITY. 1 10000 0 N/A N/A PART I, LINE 2: THE INSTITUTE REVIEWS ALL GRANT APPLICATIONS. DUE DILIGENCE INCLUDES: 1) ENSURE THE ORGANIZATION HAS A VALID PUBLIC CHARITY STATUS OR EQUIVALENCY DETERMINATION, OR IS A QUALIFIED RECIPIENT WITHIN THE INSTITUTE'S MISSION. 2) REVIEW THE APPLICANT'S APPLICATION, WEBSITES, PUBLIC MATERIALS, AND FINANCIAL INFORMATION, INCLUDING FORM 990, ANNUAL REPORT OR EQUIVALENT, IF AVAILABLE. 3) MAKE SELECTED SITE VISITS 4) PERIODICALLY MEET WITH NONPROFIT'S KEY STAFF MEMBERS 5) COMPLETE EXPENDITURE RESPONSIBILITY, AS REQUIRED. UPON RECEIPT OF A GRANT AWARD NOTIFICATION, THE GRANTEE MUST SIGN A CERTIFICATION INDICATING THAT THE FUNDS WILL BE USED FOR THE INTENDED PURPOSE. THE GRANTEE IS ALSO ADVISED OF ANY FURTHER GRANT REPORTING REQUIREMENT AND DEADLINES. ALL REPORTING REQUIREMENTS MUST BE MET BEFORE THE GRANTEE CAN REAPPLY. PART II, COLUMN (H) - PURPOSE OF GRANT REFERENCE CODE KEY: THE PURPOSE DESCRIPTION ON SCHEDULE I, PART II, COLUMN (H) INCLUDE APPLICABLE REFERENCES (A) - (V) FOR A GIVEN GRANTEE, THE FULL GRANT PURPOSE DESCRIPTIONS THAT CORRESPOND TO THOSE REFERENCES ARE AS FOLLOWS: (A) EVERY VOICE, EVERY VOTE MEDIA PARTNERSHIP GRANT FOR COMMUNITY-CENTERED JOURNALISM PROJECTS RELATED TO CIVIC LIFE IN PHILADELPHIA. (B) GRANT TO SUPPORT EXISTING AND CREATE NEW PROGRAMMING THAT ADVANCES ASIAN AMERICAN AND PACIFIC ISLANDER NEWS MEDIA PROFESSIONALS IN GREATER PHILADELPHIA. (C) GRANT TO SUPPORT THE WORK OF ARK REPUBLIC, WHICH BLACK FARMERS INDEX FISCALLY SPONSORS. (D) NEWS PHILANTHROPY NETWORK CATALYST GRANT TO EXPERIMENT WITH INNOVATIVE APPROACHES TO END-OF-YEAR FUNDRAISING. (E) EVERY VOICE, EVERY VOTE COMMUNITY PARTNERSHIP GRANT FOR CIVIC ENGAGEMENT AND EDUCATION EFFORTS IN PHILADELPHIA. (F) FISCAL SPONSORSHIP GRANT TO CREATE AN AI-BASED LOCAL NEWS ORGANIZATION COVERING CAMBRIDGE, MA. (G) AI FELLOWS GRANT TO HIRE AN AI FELLOW TO PURSUE PROJECTS THAT FOCUS LARGELY ON IMPROVING BUSINESS SUSTAINABILITY AND IMPLEMENTING AI TECHNOLOGIES. (H) ENGAGED CITIES GRANT TO PILOT AND SPREAD COLLABORATIVE SOLUTIONS THAT SUPPORT DEEPER PUBLIC SERVICE AND LONG-TERM SUSTAINABILITY. (I) FISCAL SPONSORSHIP GRANT TO SUPPORT FUNTIMES MAGAZINE, WHICH IS AN INFORMATION SOURCE FOR THE AFRICAN AMERICAN, CARIBBEAN AND AFRICAN COMMUNITIES IN THE DELAWARE VALLEY. (J) PHILADELPHIA MEDIA FOUNDERS EXCHANGE PROGRAM GRANT THAT PROVIDES OPERATING AND OTHER SUPPORT FOR THE WORK OF BIPOC MEDIA ENTREPRENEURS. (K) FISCAL SPONSORSHIP GRANT TO SUPPORT WE ARE THE SEEDS, WHICH EDUCATES ABOUT CONTEMPORARY INDIGENOUS ARTS AND CULTURES. (L) GRANT TO SUPPORT SPOTLIGHT DELAWARE, A NONPROFIT, COLLABORATIVE AND COMMUNITY-POWERED NEWSROOM COVERING THE POLICIES AND PEOPLE OF DELAWARE. (M) PHILADELPHIA LOCAL NEWS SUSTAINABILITY INITIATIVE GRANT WHICH PROVIDES CORE OPERATING SUPPORT AND CAPACITY-BUILDING FUNDING TO LOCAL NEWS ORGANIZATIONS IN THE PHILADELPHIA REGION. (N) KNIGHT LENFEST TRANSFORMATION FUND GRANT TO SUPPORT THE KENSINGTON VOICE'S IMPLEMENTATION OF A BLENDED NEWSROOM MODEL THAT ENGAGES JOURNALISTS, PUBLIC HEALTH PROFESSIONALS AND RESIDENTS TO IMPROVE QUALITY OF LIFE. (O) GRANT TO SUPPORT TV PARTNERSHIPS WHEREBY SPOTLIGHT PA'S INVESTIGATIVE AND ACCOUNTABILITY JOURNALISM IS TURNED INTO BROADCAST READY NEWS PACKAGES. (P) FISCAL SPONSORSHIP GRANT TO SUPPORT LOOKOUT LOCAL'S STUDENT ACCESS PROGRAM FOR LOCAL NEWS. (Q) STATEWIDE NEWS COLLECTIVE GRANT TO SUPPORT RESEARCH PROJECTS ON THE IMPACT OF LOCAL NEWS ORGANIZATIONS. (R) GRANT TO SUPPORT COMMUNITY AND CONNECTION PILLAR WORK BY ESTABLISHING A MATCHING FUND TO ENCOURAGE DONATIONS. (S) GRANT TO SUPPORT SPOTLIGHT PA, WHICH SPOTLIGHT PA PRODUCES HIGH-IMPACT PUBLIC-SERVICE AND INVESTIGATIVE JOURNALISM ABOUT URGENT STATEHOUSE AND STATEWIDE ISSUES IN PENNSYLVANIA. (T) FISCAL SPONSORSHIP GRANT TO SUPPORT THE HAITIAN TIMES WHICH IS A LEADING VOICE FOR THE HAITIAN COMMUNITY. (U) GRANT FOR THE LOCAL LEGAL INITIATIVE, WHICH PROVIDES LOCAL NEWS ORGANIZATIONS WITH PRO BONO LEGAL SERVICES TO PURSUE ACCOUNTABILITY IN JOURNALISM. (V) GRANT TO FUND ACCESS TO THE PHILADELPHIA INQUIRER ON THE SPOTLIGHT MEDIA APP. 0 0 0 0 0 0 0 0 0 JAMES FRIEDLICH CHIEF EXECUTIVE OFFICER - LLC 552807 0 0 0 1188 0 36102 0 51477 0 641574 0 0 0 PEDRO A RAMOS SECRETARY, PRESIDENT & CEO 0 450564 0 0 0 774 0 47590 0 29488 0 528416 0 0 ANNIE MADONIA CHIEF ADVANCEMENT OFFICER - LLC 265985 0 25000 0 774 0 34037 0 55026 0 380822 0 0 0 KEN HERTS CHIEF OPERATING OFFICER - LLC 289962 0 25000 0 1188 0 34037 0 2934 0 353121 0 0 0 ORLANDO ESPOSITO TPF CHIEF FINANCIAL OFCR TO JUN 2024 0 199380 0 0 0 1188 0 20400 0 36629 0 257597 0 0 SHAWN MOORING HEAD OF PHILADELPHIA PROGRAMS - LLC 173671 0 0 0 270 0 18392 0 29996 0 222329 0 0 0 REBECCA FORMAN HEAD OF DEVEL & DONOR RELATIONS -LLC 189159 0 0 0 167 0 19185 0 8604 0 217115 0 0 0 KAREN CLEARY CHIEF FINANCIAL OFFICER - LLC 145764 0 0 0 0 0 16157 0 31653 0 193574 0 0 0 JOSEPH LICHTERMAN HEAD OF EDITORIAL AND COMMS - LLC 143213 0 0 0 121 0 14838 0 1093 0 159265 0 0 0 PART I, LINE 3 THE INSTITUTE RELIES ON THE PHILADELPHIA FOUNDATION (TPF) TO DETERMINE THE COMPENSATION FOR TPF PRESIDENT & CEO, PEDRO A. RAMOS. TPF USED THE FOLLOWING METHODS TO DETERMINE COMPENSATION FOR THE TPF PRESIDENT & CEO: - COMPENSATION COMMITTEE - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE THIS PROCESS OCCURS ANNUALLY, AND LAST OCCURRED IN 2023. FORM 990, PART IV, LINE 2: THE INSTITUTE DOES NOT FILE ANY W-2S OR PAYROLL TAX FILINGS UNDER ITS EIN 04-3731829 BECAUSE SUCH FILINGS ARE HANDLED BY THE PHILADELPHIA FOUNDATION (TPF), A RELATED PUBLIC CHARITY UNDER THEIR EIN 23-1581832. THE INSTITUTE REIMBURSES TPF FOR COMPENSATION PAID TO EMPLOYEES DEVOTING TIME TO THE INSTITUTE, AND REPORTS THESE REIMBURSEMENTS AS WAGE, BENEFIT, AND PAYROLL TAX EXPENSES ON FORM 990, PART IX, LINES 5-10. AS SUCH, IT IS ALSO REPORTING THE NUMBER OF EMPLOYEES REFLECTED IN THAT COMPENSATION ON FORM 990, PART V, LINE 2A. IN ADDITION, THE INSTITUTE ALSO CONFIRMS WITH TPF THAT ALL RELATED REQUIRED FEDERAL PAYROLL TAX FILINGS HAVE BEEN MADE; THEREFORE, FORM 990, PART V, LINE 2B IS ANSWERED AS YES. FORM 990, PART VI, SECTION A, LINE 6 THE PHILADELPHIA FOUNDATION (TPF), A RELATED 501(C)(3) PUBLIC CHARITY, IS CONSIDERED THE SOLE MEMBER OF THE INSTITUTE, BASED ON THE INTERNAL REVENUE SERVICE DEFINITION OF MEMBER. FORM 990, PART VI, SECTION A, LINE 7A TPF HAS THE POWER TO APPOINT AND REMOVE ALL MEMBERS OF THE BOARD OF MANAGERS OF THE INSTITUTE. TPF HAS THE POWER TO APPOINT AND REMOVE ONE MEMBER OF THE GOVERNING BODY OF THE LENFEST INSTITUTE FOR JOURNALISM, LLC, A DISREGARDED ENTITY OF THE INSTITUTE. FORM 990, PART VI, SECTION A, LINE 7B THE INSTITUTE'S RIGHT TO AMEND ITS GOVERNING INSTRUMENTS IS SUBJECT TO THE APPROVAL OF TPF. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WORKING CLOSELY WITH THE INSTITUTE'S CFO. ONCE THE RETURN IS PREPARED, IT IS REVIEWED BY THE FINANCE TEAM ALONG WITH EXECUTIVE MANAGEMENT BEFORE BEING PROVIDED TO THE FINANCE COMMITTEE AND GOVERNING BODY FOR THEIR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, STANDING COMMITTEE MEMBERS, AND STAFF SHALL ADVISE THE INSTITUTE'S CEO OF AFFILIATION WITH ANY GRANTEE, POTENTIAL GRANTEE OR VENDOR IN RESPONSE TO AN ANNUAL QUESTIONNAIRE FROM THE INSTITUTE AND AT ANY OTHER TIME WHEN SUCH PERSON BECOMES AWARE OF AN AFFILIATION WHICH HAS NOT PREVIOUSLY BEEN DISCLOSED. NO MEMBER OF THE BOARD OR ANY STANDING COMMITTEE WHO IS AFFILIATED WITH ANY ORGANIZATION BEING CONSIDERED FOR A GRANT FROM THE INSTITUTE SHALL PARTICIPATE IN THE CONSIDERATION OF SUCH GRANT OR SHALL VOTE ON SUCH GRANT AWARD. NO MEMBER OF THE BOARD OR ANY STANDING COMMITTEE WHO IS AFFILIATED WITH ANY VENDOR OF GOODS OR SERVICES TO THE INSTITUTE SHALL PARTICIPATE IN THE CONSIDERATION OR ADMINISTRATION OF ANY CONTRACT WITH SUCH VENDOR. NO MEMBER OF THE STAFF OF THE INSTITUTE SHALL, WITHOUT THE PERMISSION OF THE INSTITUTE'S CEO, BE AFFILIATED WITH ANY GRANTEE, PROSPECTIVE GRANTEE OR VENDOR TO THE INSTITUTE. THE INSTITUTE'S CONFLICT OF INTEREST POLICY INCLUDES A DUTY TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS AS THEY ARISE AND REQUIRES ANNUAL DISCLOSURE OF ALL ACTUAL OR POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15B THE INSTITUTE'S BOARD OF MANAGERS, WITHOUT PARTICIPATION OF THE INSTITUTE'S CEO, HAS OVERARCHING RESPONSIBILITY FOR ESTABLISHING ANNUAL COMPENSATION FOR THE INSTITUTE'S CEO. IN 2022, THE INSTITUTE'S BOARD OF MANAGERS ENTERED INTO AN EMPLOYMENT CONTRACT WITH THE INSTITUTE'S CEO THAT TERMINATES ON JANUARY 15, 2027. THE PROCESS WAS LED BY THE INSTITUTE'S EXECUTIVE COMMITTEE. THE CONTRACT PROVIDES FOR COST-OF-LIVING INCREASES BASED UPON CONSUMER PRICE INDEX DATA ISSUED BY THE U.S. BUREAU OF LABOR STATISTICS, AS WELL AS MERIT INCREASES BASED UPON ANNUAL PERFORMANCE REVIEWS. THE CONTRACT TERMS WERE DEVELOPED USING COMPARABLE SALARY AND BENEFITS DATA, SUCH AS DATA FROM AVAILABLE SALARY AND BENEFIT SURVEYS, TO LEARN WHAT NONPROFIT EMPLOYERS WITH SIMILAR MISSIONS, SIMILAR BUDGETS AND LOCATED IN THE SAME OR A SIMILAR GEOGRAPHIC REGION PAY THEIR SENIOR LEADERS. THE BOARD OF MANAGERS MAY CHOOSE TO ENGAGE AN OUTSIDE EXPERT TO ASSIST IN THIS RESEARCH. THE CHAIR AND VICE CHAIR OF THE INSTITUTE'S BOARD OF MANAGERS ARE RESPONSIBLE FOR DOCUMENTING THE INSTITUTE'S CEO'S ANNUAL REVIEW, INCLUDING WHO WAS INVOLVED IN THIS PROCESS AND THE CRITERIA USED TO EVALUATE THE INSTITUTE'S CEO'S PERFORMANCE. IT PRESENTS ITS PERFORMANCE REVIEW TO THE FULL BOARD OF MANAGERS AROUND SEPTEMBER OF EACH YEAR, AS STIPULATED IN THE EMPLOYMENT CONTRACT. THE INSTITUTE'S CEO IS RESPONSIBLE FOR REVIEWING AND DECIDING COMPENSATION FOR OTHER KEY EMPLOYEES OF THE ORGANIZATION. THE INSTITUTE'S CEO USES DATA FROM SALARY AND BENEFIT SURVEYS AS NEEDED TO LEARN WHAT NONPROFIT EMPLOYERS WITH SIMILAR MISSIONS, BUDGETS AND GEOGRAPHIC REGIONS PAY THEIR SENIOR LEADERS. THE INSTITUTE'S CEO DISCUSSES COMPENSATION DECISIONS WITH MEMBERS OF THE EXECUTIVE COMMITTEE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE INSTITUTE MAKES ITS FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. IN ADDITION, THE PHILADELPHIA FOUNDATION MAKES THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY FOR THE INSTITUTE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 18: THE INSTITUTE DOES NOT HAVE ITS OWN WEBSITE, BUT ITS DISREGARDED ENTITY, THE LENFEST INSTITUTE FOR JOURNALISM, LLC, DOES HAVE A WEBSITE, WWW.LENFESTINSTITUTE.ORG, AND THE INSTITUTE'S FORM 990 IS POSTED ON THAT WEBSITE. AS A DISREGARDED ENTITY, THIS WEBSITE IS BEING CONSIDERED THE INSTITUTES 'OWN WEBSITE' FOR PURPOSES OF THIS DISCLOSURE ON THE FORM 990, BUT THE INSTITUTE ITSELF DOES NOT CONSIDER ITSELF TO HAVE ITS OWN WEBSITE. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 2,986,327. MANAGEMENT AND GENERAL EXPENSES 268,293. FUNDRAISING EXPENSES 50,982. TOTAL EXPENSES 3,305,602. ADMINISTRATIVE FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 78,750. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 78,750. FORM 990, PART IX, LINES 5-10: THE INSTITUTE DOES NOT ISSUE ANY W-2S, BUT RATHER REIMBURSES ITS RELATED ORGANIZATION, THE PHILADELPHIA FOUNDATION, FOR COMPENSATION PAID TO EMPLOYEES DEVOTING TIME TO THE INSTITUTE. WITHIN THE STATEMENT OF FUNCTIONAL EXPENSES, THE COMPENSATION REIMBURSED TO THE RELATED ORGANIZATION IS REPORTED AS SUCH ON FORM 990, PART IX, LINES 5-10. THE LENFEST INSTITUTE FOR JOURNALISM LLC 801 MARKET STREET SUITE 300 PHILADELPHIA PA 19107 043731829 FOSTERS INNOVATION TO SUSTAIN INDEPENDENT JOURNALISM PA 26054320 133928628 THE LENFEST INSTITUTE FOR JOURNALISM SPECIAL ASSET FUND OF TPF THE PHILADELPHIA FOUNDATION 1835 MARKET STREET SUITE 2410 PHILADELPHIA PA 19103 231581832 GRANTMAKING PA 501(C)(3) LINE 8 N/A 0 THE HARRY R HALLORAN JR CHARITABLE TRUST 1835 MARKET STREET SUITE 2410 PHILADELPHIA PA 19103 466758450 GRANTMAKING PA 501(C)(3) LINE 12A, I THE PHILADELPHIA FOUNDATION 0 THE VISIONS FUND OF THE PHILADELPHIA FOUNDATION 1835 MARKET STREET SUITE 2410 PHILADELPHIA PA 19103 475425277 SUPPORT THE PHILADELPHIA FOUNDATION DE 501(C)(3) LINE 12A, I THE PHILADELPHIA FOUNDATION 0 TPF SPECIAL PROPERTY FUND 1835 MARKET STREET SUITE 2410 PHILADELPHIA PA 19103 845019977 SUPPORT THE PHILADELPHIA FOUNDATION PA 501(C)(3) LINE 12A, I THE PHILADELPHIA FOUNDATION 0 THE PHILADELPHIA INQUIRER PBC 100 SOUTH INDEPENDENCE MALL WEST SU PHILADELPHIA PA 19106 455415437 NEWS MEDIA PRODUCTION DE PMN PBC CHARITABLE TRUST C 96645031 74005096 0.99990 1 0 1 1 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 0 SCHEDULE R, PART IV: THE INSTITUTE'S INTEREST IN THE PHILADELPHIA INQUIRER, PBC CONSISTS ENTIRELY OF NON-VOTING SHARES.