Posted on Aug. 15, 2016
ST. PETERSBURG, Fla. (Aug. 15, 2016) – The Poynter Institute, a global leader in journalism, reported a nearly $900,000 surplus in 2015, continuing a trend of steady financial improvement.
The Institute’s finances were bolstered last year by a 32 percent increase in revenue, a reduction in expenses and gains on the sale of vacant land near its campus here.
Excluding the gain from real estate, Poynter posted an operating deficit last year of $1.3 million. About $500,000 of that loss was the result of one-time expenses, including severance costs.