Poynter Institute lost $3.8 million in 2011

SaintPetersBlog | Tampa Bay Business Journal | Tampa Tribune
The Poynter Institute lost $3,815,144 in 2011, Peter Schorsch reports.

Poynter’s current annual budget includes revenue streams from tuition payments from the classes it offers, as well as grants from foundations and local fund-raising drives. A periodic “dividend” from the [Tampa Bay] Times normally helps close the gap.

“[I]t would appear that periodic dividend from the Times did not materialize” in 2011, Schorsch writes.

“That did not come as a surprise to us, and we are adjusting,” Poynter President Karen Dunlap told the Tampa Tribune.

Here’s a copy of Poynter’s 2011 Form 990. It includes a list of people I expect to take me to dinner next time I visit Florida. Poynter had $45,691,691 in net assets at the end of 2011, including $34,007,022 in publicly traded and other securities. Poynter has owned the Tampa Bay Times since 1975, when Nelson Poynter set up the Institute with the goal that the newspaper would remain independent. Poynter died in 1978.

Poynter is trying to lease space in its building and sell land it owns, Mark Holan reports in the Tampa Bay Business Journal. The land is one of the sites the University of South Florida is considering for its business school.

Commercial real estate and media sources have speculated that Poynter eventually could end up relocating to the Times’ headquarters building, 409 First Ave. S., which also has been leasing space, notably to C1 Bank.

“I hear that chatter, too,” Poynter President Karen B. Dunlap said late Wednesday. “But let me say there are no plans to do that.”

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  • http://thietbivesinhvn.com.vn/ Hoangmaicorp

    difficult economic situation is common all over the world.
    Last year witnessed the demise of many corporations, the company .. business orientation is really the lucky one, but still the core.

  • NateBowman

    1. Mr. Beaujon, when your organization loses millions, do you think it helps to expect dinners from a list of people who work there?

    2. The tenor of the article is one that one would expect from an outside source, not from Poynter itself. Do you really think it appropriate to quote Mr.Schorsch on the reason for the loss rather than asking the people you work for? Do you think this really lives up to Nelson Poynter’s vision? Please let us hear from the horse’s mouth.

    3. Do you really think we should be guessing as to whether or not Congressional Quarterly made any payments in 2011? Do you think the terms of such an important deal should have been disclosed to begin with?

    4. The mission statement in the 990 states “It carries forward Nelson Poynter’s belief In the value of Independent Journalism.” Please see what you can do to make this more of a reality. Most of what I read at Poynter supports corporate media and belittles independent journalism.

    5. Could you please ask someone to correct the grammar describing the mission of Poynter? It reads “Poynter Institute is a school dedicated to teaching and Inspiring of journalists and media leaders…” It should be “…dedicated to THE teaching and inspiring of journalists….” or “…dedicated to teaching and inspiring journalists…”

    Thank you.

  • http://www.poynter.org Poynter

    Hi, Stuart. Yes, there is a difference. And compensation also includes consulting fees for faculty because that’s billed through the Institute, which can inflate it more significantly than expenses. –Julie Moos, Director of Poynter Online

  • http://twitter.com/StuartWCNC Stuart Watson WCNC

    Isn’t there a difference in “reportable compensation” and actual take home pay? Doesn’t this compensation include reimbursements for work-related expenses and travel which vastly inflates it?