# American Press Institute
## TL;DR
> "Founded in 1946, the American Press Institute’s mission was to help the news industry fulfill the purpose of the First Amendment – to sustain a free press in the public interest. That mission continues in the modern era.
>
> The Institute initially was located at Columbia University’s Journalism School before moving in 1974 to Reston, Va. In early 2012, the Institute merged with the NAA Foundation of the Newspaper Association of America (now known as the News Media Alliance). The NAA Foundation was established in 1963. The new organization no longer conducts seminars, but has expanded its mission by providing research, insights, tools, and other forms of assistance to journalists and news leaders across the country." - [Archive](https://archive.is/qmrhN)
>
> The American Press Institute is a national 501(c)3 nonprofit educational organization affiliated with the News Media Alliance. It works with and draws on the best ideas from anyone working in news publishing and journalism and anyone interested in its mission of making journalism sustainable.
### Sources of Funding
[Archive](https://archive.is/20190514210504/https://www.americanpressinstitute.org/about/sources-of-funding/)
The American Press Institute is a 501(c)(3) nonprofit organization that receives funding from several sources, including philanthropic foundations that support our [mission](https://archive.is/o/fsTYk/https://www.americanpressinstitute.org/about/about-us/) of helping news organizations toward a sustainable future by becoming more audience-focused. Current funders as of November 2018 include:
**CRAIG NEWMARK PHILANTHROPIES
[Craig Newmark Philanthropies](https://archive.is/o/fsTYk/https://craignewmarkphilanthropies.org/) funds efforts related to trustworthy journalism, among other topics. The [funding](https://archive.is/o/fsTYk/https://www.americanpressinstitute.org/news-releases/craig-newmark-philanthropies-gives-200k-to-american-press-institute/) supports efforts on journalism ethics, accountability journalism and trust.
**DEMOCRACY FUND
The [Democracy Fund](https://archive.is/o/fsTYk/https://www.democracyfund.org/) “invests in organizations working to ensure that our political system is able to withstand new challenges and deliver on its promise to the American people.” The funding supports API general operations.
**JOHN S. AND JAMES L. KNIGHT FOUNDATION
The [Knight Foundation](https://archive.is/o/fsTYk/https://knightfoundation.org/) “champion(s) the First Amendment and support journalism excellence in the digital age.” The funding supports API efforts on newsroom learning, change management and providing news organizations access to our Metrics for News program.
**KNIGHT TEMPLE LENFEST NEWS INITIATIVE
The Knight Temple Lenfest News Initiative is a comprehensive program in change management that helps news enterprises accelerate their transformation to a digital future. API is a partner in the initiative and receives funding for its work.
Since its reorganization in 2013, API also received funding from other organizations for specific projects. These include the [Bill and Melinda Gates Foundation](https://archive.is/o/fsTYk/https://www.americanpressinstitute.org/publications/reports/nonprofit-news/), [Google](https://archive.is/o/fsTYk/https://www.americanpressinstitute.org/publications/reports/white-papers/unlocking-mobile-revenue-audience/), the [Rita Allen Foundation](https://archive.is/o/fsTYk/https://www.americanpressinstitute.org/fact-checking-project/apis-fact-checking-project-awarded-grants-hewlett-rita-allen-foundations/) and the [William and Flora Hewlett Foundation](https://archive.is/o/fsTYk/https://www.americanpressinstitute.org/fact-checking-project/apis-fact-checking-project-awarded-grants-hewlett-rita-allen-foundations/).
The bulk of API’s funding comes from investment assets accumulated through the organization’s [history](https://archive.is/o/fsTYk/https://www.americanpressinstitute.org/about/about-us/), which dates back to the 1940s, including assets from the former Newspaper Association of America Foundation, which [merged with API](https://archive.is/o/fsTYk/https://www.americanpressinstitute.org/news-releases/american-press-institute-merges-newspaper-association-america-foundation/) in 2012.
Other funding sources for API include support from news organization partners through programs like [Metrics for News](https://archive.is/o/fsTYk/https://www.metricsfornews.com/).
## Aggregate
### FY 2021 -
$54,263,601 Net Assets - [Archive](https://web.archive.org/web/20230604191711/https://projects.propublica.org/nonprofits/organizations/132690182/202212729349300106/full)
| Key Employees and Officers | Compensation |
|-----------------------------------------|:--------------:|
| THOMAS ROSENSTIEL (EXECUTIVE DIRECTOR) | $291,192 |
| AMY KOVAC-ASHLEY (VICE PRESIDENT) | $198,576 |
| JEFF SONDERMAN (DEPUTY DEIRECTOR) | $179,806 |
| GWENDOLYN VARGO (DIRECTOR OF READER) | $157,885 |
| EMILY RISTOW (SENIOR DIRECTOR) | $138,520 |
| ELIZABETH WORTHINGTON (SENIOR DIRECTOR) | $121,031 |
| KEVIN MOWBRAY (CHAIR) | $0 |
| PAULETE BROWN-HINDS (MEMBER) | $0 |
| CRAIG FORMAN (MEMBER) | $0 |
| MARK G CONTERAS (MEMBER) | $0 |
| MICHAEL KLINGENSMITH (MEMBER) | $0 |
| JAMES MARK BRADY (MEMBER) | $0 |
| TERRANCE EGGER (MEMBER) | $0 |
| ALEXANDRA MACCALLUM (MEMBER) | $0 |
| NICCO MELE (MEMBER) | $0 |
| AMANDA ZAMORA (MEMBER) | $0 |
| DOUG MITCHELL (MEMBER) | $0 |
| MARK ALDAM (MEMBER) | $0 |
| DAVID CHAVERN (PRESIDENT & CEO) | $0 |
| ROBERT WALDEN (CFO) | $0 |
## FY 2020
| Total Revenue| $12,911,222| |
|---|:---:|:---:|
|Total Functional Expenses|$6,894,677|
|---|---|
|Net income|$6,016,545|
|---|---|
|Notable sources of revenue| |Percent of total revenue|
|Contributions|$4,067,453|31.5%|
|Program services|$243,653|1.9%|
|Investment income|$877,050|6.8%|
|Bond proceeds|$0||
|Royalties|$0||
|Rental property income|$0||
|Net fundraising|$0||
|Sales of assets|$7,723,366|59.8%|
|Net inventory sales|$0||
|Other revenue|-$300||
|Notable expenses| |Percent of total expenses|
|Executive compensation|$472,686|6.9%|
|Professional fundraising fees|$0||
|Other salaries and wages|$1,441,518|20.9%|
|Other| | |
|Total Assets|$53,116,891|
|Total Liabilities|$1,792,564|
|Net Assets|$51,324,327|
|==Key Employees and Officers==|==Compensation==|
|TOM ROSENSTIEL (EXECUTIVE DIRECTOR)|$429,610|
|JEFF SONDERMAN (DEPUTY DIRECTOR)|$188,662|
|GWEN VARGO (DIRECTOR OF READER REVENUE)|$159,406|
|AMY KOVAC-ASHLEY (VICE PRESIDENT)|$155,461|
|EMILY RISTOW (SENIOR DIRECTOR)|$141,219|
|SUSAN BENKLEMAN (DIR. OF ACCOUNTABILITY JOURNALISM)|$116,756|
|KEVIN MOWBRAY (CHAIRMAN)|$0|
|MICHAEL ABERNATHY (VICE CHAIRMAN)|$0|
|DONNA BARRETT (MEMBER)|$0|
|TERRANCE EGGER (MEMBER)|$0|
|JAMES BRADY (MEMBER)|$0|
|MARK ALDAM (MEMBER)|$0|
|NICCO MELE (MEMBER)|$0|
|MICHAEL KLINGENSMITH (MEMBER)|$0|
|MARK NEWHOUSE (MEMBER)|$0|
|ALEXANDRIA MACCALLUM (MEMBER)|$0|
|MARK CONTRERAS (MEMBER)|$0|
|CRAIG FORMAN (MEMBER)|$0|
|DOUG MITCHELL (MEMBER)|$0|
|PAULETTE BROWN-HINDS (MEMBER)|$0|
|AMANDA ZAMORA (MEMBER)|$0|
|DAVID CHAVERN (PRESIDENT AND CEO)|$0|
|ROBERT WALDEN (CFO)|$0|
# Tags
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- **First Indexed:** 06-04-2023 - 2:11 pm
- **Last Updated:** 06-04-2023 - 2:46 pm