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Kernel Press Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 610719986 ✦ Lexington, KY ✦ Designated as a 501(c)(3)

Overview

What is Kernel Press Inc?

Kernel Press Inc, situated in Lexington, Kentucky, is a nonprofit organization primarily focused on education. Its mission is to nurture college students' journalism skills by overseeing the publication and advertising sales assignments for a campus newspaper. The organization offers a unique learning experience, enabling students to manage news articles, editorial commentary, and advertising, under the guidance of experienced staff. This commercial activity, while contributing to the advertising business, significantly contributes to the students' education, providing them with valuable experience in the field. With a small team of two individuals, Kernel Press Inc continues to uphold its mission of providing a hands-on journalism education experience to its students.


Official website here: www.kykernel.com

Is Kernel Press Inc legitimate?

Kernel Press Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kernel Press Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,994

For more financial information, click here


Official website here: www.kykernel.com

What is the mission statement of Kernel Press Inc?

Kernel Press Inc's primary objective is to educate college students in journalism. They achieve this by assigning publication and advertising sales tasks for a campus newspaper. The organization's mission revolves around providing a hands-on learning experience for students in journalism. Through the publication of the campus newspaper, which includes news items, editorial comments, and paid advertisements, students gain practical skills under the guidance of instructors. The advertising business plays a significant role in enhancing the education program by offering students the opportunity to learn about sales and marketing in a real-world context.


Official website here: www.kykernel.com

Who is the CEO of Kernel Press Inc?

Duane Bonifer is the Chairman of Kernel Press Inc.


Official website here: www.kykernel.com

What is the revenue of Kernel Press Inc?

Kernel Press Inc's revenue in 2021 was $59,437.


Official website here: www.kykernel.com

Who are the executives of Kernel Press Inc and what are their salaries?

The average compensation at Kernel Press Inc during 2021 was $18,497. There are 2 employees at Kernel Press Inc.

Here are 11 key members and their salaries:

    Mary Bolin (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $130,808
  • Other: $0

    • Mike Farrell (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $111,401
  • Other: $0

    • Scoobie Ryan (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $89,249
  • Other: $0

    • Greg Hall (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $79,716
  • Other: $0

    • Ryan Craig (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $75,000
  • Other: $0

    • Mary Barton (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $43,493
  • Other: $0

    • Duane Bonifer (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jack Guthrie (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Caudill (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tracy Staley (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rachael Aretakis (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.kykernel.com

    Where can I find the form 990 for Kernel Press Inc?

    The Kernel Press Inc’s most recent form 990 was submitted in 2021 and can be accessed here


    Official website here: www.kykernel.com

    Learn more at the official website: www.kykernel.com

    Mission Statement of Kernel Press Inc

    Kernel Press Inc, a nonprofit organization, is dedicated to educating college students in the field of journalism. They achieve this objective by assigning publication and advertising sales tasks for a campus newspaper. The organization's mission is to provide a practical, hands-on learning experience for students, allowing them to gain real-world skills in journalism and advertising sales. Through the publication of the campus newspaper, which includes news items, editorial commentary, and paid advertising, Kernel Press Inc enables students to apply the concepts they've learned in the classroom to a tangible project. The revenue generated from advertising sales is not considered gross income from an unrelated trade or business, as it plays a crucial role in supplementing the educational program by offering valuable training opportunities for the students involved.

    Impact

    This information is meant to be a general summary of Kernel Press Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Sunday, August 4, 2024

    Kernel Press Inc's impact lies in educating college students in the field of journalism through hands-on publication and advertising sales assignments for a campus newspaper. By providing students with real-world experience in writing, editing, and selling advertising space, Kernel Press Inc equips them with practical skills essential for a career in journalism. Through this educational program, students gain valuable insights into the dynamics of publishing and advertising, preparing them for success in the industry. This approach not only enhances students' academic learning but also fosters their professional development, making a significant contribution to the field of journalism education.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $0
  • Program Service Revenue: $59,437
  • Gross Receipts: $59,437

    • Assets and Liabilities:
  • Total Assets: $934
  • Total Liabilities: $196
  • Net Assets: $738
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    NEWSPAPER ADVERTISING

    Revenue

    $59,085

    Organization Details

    Founding Year

    1971

    Principal Officer

    Duane Bonifer

    Main Address

    337 MCVEY HALL UNIVERSITY OF KY, LEXINGTON, KY, 40506

    NTEE Category

    Code: A33Z - Arts

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