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Poynter Institute lost $1.75 million in 2012

ST. PETERSBURG — The Poynter Institute for Media Studies posted a $1.75 million loss in 2012, an improvement over the prior year when it lost $3.8 million, according to a document filed with the Internal Revenue Service.

Poynter had total revenues of $5.9 million, including $2.9 million in contributions and grants and $1.3 million from its journalism programs. Its expenses totaled $7.6 million, including $3.9 million in salaries and other compensation, down from $4.4 million the year before. It listed its total assets at $44 million and covered its operating deficit out of accumulated reserves.

The revenue figures are for Poynter, not the Tampa Bay Times, which Poynter owns.

The document, which Poynter files as a requirement of maintaining its nonprofit status, also contained the 2012 salaries of several executives at Poynter and the Times.

Times' chairman and chief executive officer Paul Tash was paid $505,843. Poynter president Karen Dunlap, who is retiring this year, made $259,649.

The newspaper and its affiliated publications make up Times Publishing Co., a private company that pays taxes on its profits. It is owned by the Poynter Institute, a school for professional and student journalists.

Poynter Institute lost $1.75 million in 2012 01/14/14 [Last modified: Wednesday, January 15, 2014 3:00pm]
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