The Poynter Institute filed its financial statement for 2013 with the Internal Revenue Service Friday. It shows a loss of about $3.5 million for that year. (Here’s Poynter’s press release about the report.)
Poynter has taken a number of steps in 2014 to try to regain its footing as its traditional revenue sources have dwindled — it last received a dividend from its ownership of the Tampa Bay Times in 2010. It hired Tim Franklin as president in February. In May, Franklin released his plan for the institute’s future, which includes more international instruction, custom teaching programs and the sale of some of Poynter’s assets (though not its building, which has taken on six paying tenants, all digital startups, this year).
There has been progress toward these goals, Franklin said in a phone call. “We’re on pace to set a record this year in teaching income, which I’m very excited about,” he said. Read more