EIN 04-3731829

TPF Special Assets Fund

IRS 501(c) type
501(c)(3)
Num. employees
12
Year formed
2002
Most recent tax filings
2019-12-01
Description
Receive, manage and distribute assets, primarily illiquid Assets, in support of the Philadelphia foundation.
Total revenues
$25,125,953
2019
Total expenses
$28,688,218
2019
Total assets
$105,118,770
2019
Num. employees
12
2019

Program areas at TPF Special Assets Fund

The lenfest institute:the lenfest institute 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 lead to highly engaged, diverse and growing audiences. High-impact journalism:quality, in-depth reporting remains the fundamental value proposition between local news organizations and their audiences. The lenfest institute invests in indispensable public-benefit journalism for the communities it serves.news technology and innovation:to survive and thrive, local news enterprises must be nimble, tech enabled and committed to constant innovation. Investing in the technical muscle of news organizations and introducing new tools improve customer experience, audience engagement and operational efficiency, all key to business sustainability.diverse & growing audiences:diverse and inclusive newsrooms attract diverse and growing audiences. Our investments in newsroom diversity, community listening projects, and multi-cultural news media address some of journalism's biggest challenges and one of its greatest opportunities. Knight-lenfest transformation fund:the knight-lenfest transformation Fund is a five-year effort designed to accelerate innovation in local news organizations in philadelphia and across the united states. The Fund was created by the john s. and james l. knight foundation and the lenfest institute for journalism to help build a sustainable, equitable future for local news.spotlight pa: a collaborative newsroom dedicated to producing nonpartisan investigative journalism about Pennsylvania government and urgent statewide issues.facebook local news accelerators:the facebook journalism project accelerator is a broad program comprised of three different common problem areas in the news industry and solutions of how to overcome them. It encompasses the subscription acquisition, subscription retention, and membership retention accelerators. Funded and organized by the facebook journalism project, the programs include hands-on workshops, a grantmaking program, and regular reports on best practices.spotlight pa:spotlight pa is a collaborative effort among the philadelphia inquirer, pittsburgh post gazette and penn live/patriot news that is dedicated to producing non-partisan investigative journalism about Pennsylvania government and urgent statewide issues. Innovation grants:the lenfest institute has awarded two types of grants: the local news business model challenge for projects that explore new business models for sustainable local news and information organizations, and the philadelphia news ecosystem collaboration grants for planning or prototype projects bringing together organizations in the philadelphia area for closer collaboration. Other program activities:the lenfest 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.

Grants made by TPF Special Assets Fund

GranteeGrant descriptionAmount
America PressKnight-Lenfest Local News Transformation Fund: Run Table Stakes Change-Management Program for Major News Organizations$3,344,812
Temple University (TU)Knight-Lenfest Local News Transformation Fund: Grant To Support News Catalyst Project, Which Works To Drive Digital Transformation Within News Organizations.$2,078,045
The CityFiscal Sponsorship: the City - Launching A Nonprofit News Site for New York; Fiscal Sponsorship Program To Provide A Digital Reporting Platform That Focuses on Local Issues in the City of New York$1,000,000
...and 72 more grants made totalling $12,408,575

Who funds TPF Special Assets Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
John S. and James L. Knight FoundationTo Build A Future for Local News By Preparing News Leaders and Enterprises With the Skills, Strategies and Tools To Rapidly Respond To the Changes in the Media Landscape and Serve Their Communities With Quality Journalism.$2,000,000
Craig Newmark PhilanthropiesTo Develop and Support Sustainable Business Models for Great Local Journalism.$1,500,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$632,310
...and 10 more grants received

Personnel at TPF Special Assets Fund

NameTitleCompensation
James FriedlichChief Executive Officer and Manager , Institute$357,692
Pedro A RamosPresident and Chief Executive Officer and Manager , Instit$0
Ken HertsChief Operating Officer , Institute$244,208
Karen ClearyChief Financial Officer - Institute$50,769
Orlando EspositoChief Financial Officer$0
...and 18 more key personnel

Financials for TPF Special Assets Fund

RevenuesFYE 12/2019
Total grants, contributions, etc.$23,597,567
Program services$0
Investment income and dividends$1,498,280
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-139,096
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$169,202
Total revenues$25,125,953

Form 990s for TPF Special Assets Fund

Fiscal year endingDate received by IRSFormPDF link
2019-122021-04-01990View PDF
2018-122020-01-28990View PDF
2017-122019-02-21990View PDF
2016-122018-01-18990View PDF
2015-122017-02-28990View PDF
...and 5 more Form 990s
Data update history
August 3, 2022
Received grants
Identified 4 new grant, including a grant for $50,250 from American Endowment Foundation
September 23, 2021
Received grants
Identified 7 new grant, including a grant for $2,000,000 from John S. and James L. Knight Foundation
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2019
June 18, 2021
Updated personnel
Identified 7 new personnel
June 17, 2021
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsSocial advocacy organizationsBusiness and community development organizationsCharities
Issues
No issues found
Characteristics
Funds one specific organizationOperates donor advised fundsProvides grantsConducts researchPartially liquidatedFundraising eventsState / local levelTax deductible donationsEndowed support
General information
Address
1835 Market St No 2410
Philadelphia, PA 19103
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
Philadelphia County, PA
Phone
(215) 563-6417
IRS details
EIN
04-3731829
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S11: Community Improvement and Capacity Building Single Organization Support
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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