OHIO NEWS MEDIA FOUNDATION
Mission Statement
The Ohio Newspapers Foundation was formed by Ohio Newspaper Association members in 1975. This 501 (c)(3) charitable organization is operated with contributions that are made outside of the association dues structure. The Foundation’s mission is to achieve the highest standards of excellence and professionalism in journalism and newspaper publishing through research and educational activities. These include:University Journalism Scholarship Program which includes - Scholoarships: minority scholarships, the Ohio newspaper women’s scholarship and the Harold K. Douthit Regional Scholarship - Newspaper Staff Training Calendar - Ohio Newspapers in Education Committee - Ohio Newspaper Carrier Achievement Awards - Seminars with Ohio’s journalism schools - Assistance to high school newspapers
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
85.1% | 87.4% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
14.9% | 7.0% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
190.4 mo | 19.7 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
60.1% | 85.3% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
71.2% | 1.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
111.1% | 0.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
11.7% | 10.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $35K | $31K | $494K | 85.1% | 0 |
| 2023 | $21K | $15K | $467K | 71.6% | 0 |
| 2022 | $42K | $49K | $424K | 50.6% | 0 |
| 2021 | $27K | $42K | N/A | — | 0 |
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