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Nonprofit · EIN 83-1772542

AMERICAN JOURNALISM PROJECT INC

Tax-exempt · WASHINGTON, DC 20011

Financials

$24.4M$20.4M2023$38.1M$30.3M2024
Revenue Expenses · by fiscal year end
Financials of AMERICAN JOURNALISM PROJECT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$38,097,727$30,264,843$7,832,884$66,446,853$1,739,049$64,707,804
December 31, 2023990$24,428,280$20,350,451$4,077,829$57,277,288$416,617$56,860,671
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$36,460,872
Program service revenue
$98,500
Investment income
$1,538,355
Net gain from sales of assets
-$513
Other revenue
$0

Expenses

Grants and similar amounts paid
$18,551,564
Compensation of officers, directors and key employees
$2,477,479
Other salaries and wages
$6,032,916
Salaries, compensation and benefits (total)
$8,510,395
Professional fundraising fees
$0
Legal fees
$123,751
Accounting fees
$19,000
Occupancy
$122,886
Travel
$585,295
Depreciation
$44,925
Program services (functional)
$27,577,758
Management and general (functional)
$1,663,564
Fundraising (functional)
$1,023,521

Balance sheet and other

Total assets, start of year
$57,277,288
Total assets, end of year
$66,446,853
Total liabilities, end of year
$1,739,049
Net assets, end of year
$64,707,804
Publicly traded securities
$38,818,473
Net assets without donor restrictions
$31,648,446
Net assets with donor restrictions
$33,059,358
Gross unrelated business income
$98,500
Gross receipts
$38,392,029
Employees
90
Volunteers
12
Year formed
2018
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.

NameTitleHours / weekCompensationOther / benefits
SARABETH BERMANCHIEF EXECUTIVE OFFICER
Officer
40$336,383$32,790
PATTY SLUTSKYCHIEF ADVANCEMENT OFFICER
Key employee
40$223,802$39,705
MICHAEL OUIMETTECHIEF INVESTMENT OFFICER
Key employee
40$247,725$10,004
LORETTA CHAOHEAD OF STARTUP STUDIO & LOCAL PHILANTHROPY PARTNE
Highest-paid employee
40$231,620$18,466
FREDERICK KRIFTCEO, FREE PRESS INDIANA
Highest-paid employee
40$210,252$28,399
AMAR RAJWANICHIEF FINANCIAL & ADMINISTRATIVE OFFICER
Officer
40$211,854$19,982
DARRIN KERRHEAD OF GROWTH INVESTMENTS
Highest-paid employee
40$209,147$18,543
MICHELLE SRBINOVICHVICE PRESIDENT, GROWTH INVESTMENTS
Highest-paid employee
40$200,510$18,278
RENE GORNALLCHIEF OF STAFF
Highest-paid employee
40$198,197$17,828
JOE NATOLICHAIRPERSON
Trustee or director, Officer
1$0$0
IRVING WASHINGTONVICE CHAIRPERSON
Trustee or director, Officer
1$0$0
JOHN THORNTONSECRETARY
Trustee or director, Officer
1$0$0
ROSENTHAL ALVESDIRECTOR
Trustee or director
1$0$0
JEFF COHENDIRECTOR
Trustee or director
1$0$0
MICHELLE DE LA ISLADIRECTOR
Trustee or director
1$0$0
5 more people on this return
NameTitleHours / weekCompensation
TERESA GORMANDIRECTOR
Trustee or director
1$0
PETER LATTMANDIRECTOR
Trustee or director
1$0
MARIA THOMASDIRECTOR
Trustee or director
1$0
HILLARY SCHNEIDERDIRECTOR
Trustee or director
1$0
JELANI COBBDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 20 people
NameTitleHours / weekCompensationOther / benefits
SARABETH BERMANCHIEF EXECUTIVE OFFICER
Officer
40$262,586$37,935
PATRICIA SLUTSKYCHIEF ADVANCEMENT OFFICER
Key employee
40$208,402$37,857
MICHAEL OUIMETTECHIEF INVESTMENT OFFICER
Key employee
40$231,810$9,372
LORETTA CHAOVICE PRESIDENT
Highest-paid employee
40$208,864$17,228
HERMIONE MALONEVICE PRESIDENT
Highest-paid employee
40$197,655$17,396
MICHELLE SRBINOVICHVICE PRESIDENT
Highest-paid employee
40$195,440$17,482
AMAR RAJWANICHIEF FINANCIAL & ADMINISTRATIVE OFFICER
Officer
40$190,052$18,512
JASON ALCORNVICE PRESIDENT
Highest-paid employee
40$171,498$23,922
RENE GORNALLCHIEF OF STAFF
Highest-paid employee
40$173,842$16,323
JOE NATOLICHAIRPERSON
Trustee or director, Officer
1$0$0
IRVING WASHINGTONVICE CHAIRPERSON
Trustee or director, Officer
1$0$0
JOHN THORNTONSECRETARY
Trustee or director, Officer
1$0$0
ROSENTHAL ALVESDIRECTOR
Trustee or director
1$0$0
JEFF COHENDIRECTOR
Trustee or director
1$0$0
MICHELLE DE LA ISLADIRECTOR
Trustee or director
1$0$0
TERESA GORMANDIRECTOR
Trustee or director
1$0$0
PETER LATTMANDIRECTOR
Trustee or director
1$0$0
MARIA THOMASDIRECTOR
Trustee or director
1$0$0
HILLARY SCHNEIDERDIRECTOR
Trustee or director
1$0$0
JELANI COBB STARTED 6152023DIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
6218 GEORGIA AVE NW APT 1 # 599, WASHINGTON, DC 20011-5125
In care of
% JOHN THORNTON
Principal officer (990 for 2024)
SARABETH BERMAN, 6218 GEORGIA AVENUE NW 1-599, WASHINGTON, DC 20011
Signed the 990
SARABETH BERMAN, CHIEF EXECUTIVE OFFICER
Phone
(301) 615-2145
990-N for 2018 filed under this EIN
Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: John Thornton, 718 7th St NW, Washington DC 20001. Mailing address: 718 7th St NW, Washington DC 20001.
Return prepared by
SB & COMPANY LLC

Mission

THE AMERICAN JOURNALISM PROJECT, INC. IS A FIRST-OF-ITS-KIND VENTURE PHILANTHROPY DEDICATED TO BUILDING AND SUPPORTING LOCAL NEWS ACROSS THE COUNTRY. AMERICAN JOURNALISM PROJECT MAKES GRANTS TO NONPROFIT NEWS ORGANIZATIONS, PARTNERS WITH COMMUNITIES TO LAUNCH NEW ORGANIZATIONS, AND COACHES LEADERS AS THEY GROW AND SUSTAIN THEIR NEWSROOMS. AMERICAN JOURNALISM PROJECT PAIR FINANCIAL INVESTMENT WITH CAPACITY-BUILDING VENTURE SUPPORT, MAKING TRANSFORMATIVE INVESTMENTS IN THE BUSINESS AND OPERATIONAL CAPACITY OF LOCAL NEWS ORGANIZATIONS TO GROW AND SCALE SUSTAINABLY.

990 for the year ended December 31, 2024

Program accomplishments

  • GRANTMAKING PROGRAM - THE AMERICAN JOURNALISM PROJECT SUPPORTS THE GROWTH OF INDEPENDENT, NON-PROFIT NEWS ORGANIZATIONS THAT HOLD THE POWERFUL ACCOUNTABLE, COMBAT DISINFORMATION, AND DEEPEN CIVIC PARTICIPATION IN THEIR COMMUNITIES. AS OF THE END OF 2021, AMERICAN JOURNALISM PROJECT HAS MADE GRANT COMMITMENTS TO 32 NEWS ORGANIZATIONS, SELECTED THROUGH A COMPETITIVE GRANTMAKING PROCESS WITH OVERSIGHT FROM OUR BOARD OF DIRECTORS.
    Expenses $12,844,376 · grants $12,475,182 · revenue $98,500
  • AS PART OF ITS WORK TO LAUNCH AND INCUBATE STARTUP LOCAL NEWS ORGANIZATIONS, AMERICAN JOURNALISM PROJECT SERVES AS THE EARLY-STAGE FISCAL SPONSOR TO THESE ENTITIES UNTIL THEY RECEIVE IRS TAX-EXEMPT STATUS AND CAN OPERATE INDEPENDENTLY. PRIOR TO SPINOFF, AJP PROVIDES FINANCIAL MANAGEMENT, LEGAL AND ADMINISTRATIVE INFRASTRUCTURE, AND STRATEGIC GUIDANCE TO HELP THESE EMERGING ORGANIZATIONS BUILD CAPACITY AND SUSTAINABILITY.
    Expenses $8,909,718 · grants $5,303,139
  • GRANTEE SUPPORT PROGRAM - AMERICAN JOURNALISM PROJECT SETS GRANTEES UP FOR SUCCESS THROUGH A UNIQUE VENTURE SUPPORT MODEL. GRANTEES REPRESENT A VARIETY OF MODELS AND STAGES OF DEVELOPMENT, AND AMERICAN JOURNALISM PROJECT PROVIDES EACH WITH TAILORED SUPPORT BASED ON THEIR NEEDS AND BIGGEST STRATEGIC CHALLENGES. STAFF WORK AS A TEAM WITH GRANTEE LEADERS, PARTNERING WITH EACH ORGANIZATION TO HELP THEM STRENGTHEN AND SCALE THROUGH OPERATIONAL AND STRATEGIC SUPPORT, CURATION OF BEST PRACTICES FROM ACROSS THE SECTOR, AND FOSTERING OF PEER LEARNING ACROSS THE PORTFOLIO. SEED CAPITAL, STAKEHOLDER ENGAGEMENT, AND EQUITABLE ORGANIZATION DESIGN.
    Expenses $3,865,710 · grants $773,243
  • STARTUPS PROGRAM - AMERICAN JOURNALISM PROJECT WORKS WITH CIVIC LEADERS, PLACE-BASED FUNDERS, AND COMMUNITY FOUNDATIONS TO IDENTIFY AND ADDRESS INFORMATION GAPS IN THEIR COMMUNITIES. AMERICAN JOURNALISM PROJECT PROVIDES LOCAL PHILANTHROPIC PARTNERS WITH SERVICES SUCH AS COMMUNITY LISTENING, INFORMATION ECOSYSTEM RESEARCH, SOLUTION DESIGN, AND BUSINESS MODELING. ADDITIONALLY, EXPERIENCE AND RESOURCES ARE LEVERAGED TO INCUBATE NEW ORGANIZATIONS FROM THE GROUND UP. INCUBATION SUPPORT CAN INCLUDE ORGANIZATION ESTABLISHMENT, TEAM RECRUITMENT, VISIONING AND STRATEGIC PLANNING, RAISING SEED CAPITAL, STAKEHOLDER ENGAGEMENT, AND EQUITABLE ORGANIZATION DESIGN.
    Expenses $1,957,954

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
83-1772542
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2018
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$66,446,853
Income (IRS master file)
$38,392,029

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$38,097,727$30,264,843$66,446,853XML
990December 2023$24,428,280$20,350,451$57,277,288XML
990December 2022$42,411,860$20,645,281$54,991,005IRS
990December 2021–––IRS
990December 2020–––IRS
990-N for 2018
Officer: John Thornton
Filed under this EIN, most likely by a chapter or affiliate
December 31, 2018≤ $50,000 receipts––e-Postcard

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 83-1772542).

Questions about AMERICAN JOURNALISM PROJECT INC

What is the EIN of AMERICAN JOURNALISM PROJECT INC?
The employer identification number (EIN) of AMERICAN JOURNALISM PROJECT INC is 83-1772542.
Is AMERICAN JOURNALISM PROJECT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to AMERICAN JOURNALISM PROJECT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AMERICAN JOURNALISM PROJECT INC 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 AMERICAN JOURNALISM PROJECT INC 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 AMERICAN JOURNALISM PROJECT INC 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 AMERICAN JOURNALISM PROJECT INC?
The 990 for the year ended December 31, 2024 names SARABETH BERMAN.
Who are the officers and directors of AMERICAN JOURNALISM PROJECT INC?
The 990 for the year ended December 31, 2024 lists 20 people; 9 received compensation from the organization, the highest $336,383 (SARABETH BERMAN, CHIEF EXECUTIVE OFFICER).
How much revenue does AMERICAN JOURNALISM PROJECT INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $38,097,727, expenses of $30,264,843 and total assets of $66,446,853 at year end.

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