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Wisconsin · Nonprofit

Badger Herald

Badger Herald (Wisconsin) receives grants from 1 organization whose IRS filings report $5,655 to it, the largest being GANNETT FOUNDATION INC ($5,655). 1 of them have funded it in more than one year.

Revenue FY2025
$52k
Funders on record
1
Grants received
$6k
Net assets
$74k
1/1 repeat funderspeak grant-dependency 8%
01What it does

What Badger Herald does

Mission

Develop and promote the highest quality of investigative and public service journalism.

As stated on its FY2025 Form 990-EZ.

Program

  1. The Badger Herald is the largest fully-independent student daily and the most award-winning student newspaper in Wisconsin. Students publish approximately 6,000 issues once a week that are distributed around the University of Wisconsin-Madison campus and the surrounding area. The Badger Herald is also produced for the web at www.badgerherald.com.

    $45,852 spent
    100% of program spending

The program described on its FY2024 Form 990-EZ. Program spending in total: $45,852.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.

100 = 20172017 Revenue 100 ($119k) Expenses 100 ($111k) Net assets 100 ($42k)2018 Revenue 105 ($125k) Expenses 123 ($137k) Net assets 87 ($37k)2019 Revenue 88 ($105k) Expenses 92 ($103k) Net assets 90 ($38k)2020 Revenue 74 ($89k) Expenses 88 ($99k) Net assets 67 ($28k)2021 Revenue 55 ($65k) Expenses 50 ($55k) Net assets 91 ($38k)2022 Revenue 52 ($62k) Expenses 52 ($58k) Net assets 101 ($42k)2023 Revenue 48 ($57k) Expenses 53 ($59k) Net assets 97 ($41k)2024 Revenue 60 ($72k) Expenses 56 ($62k) Net assets 163 ($69k)2025 Revenue 43 ($52k) Expenses 41 ($46k) Net assets 177 ($74k)
'17'18'19'20'21'22'23'24'25
Revenue (43)Expenses (41)Net assets (177)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $59k to $69k (+16%).

$63k
$63k
$61k
$52k
$57k
$61k
$59k
$69k
$74k
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.

$8k
’17
−$13k
’18
$2k
’19
−$10k
’20
$10k
’21
$4k
’22
−$1k
’23
$10k
’24
$6k
’25
1.4
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Catherine Donahue

Chair of the Board of Directors

As listed on its FY2024 Form 990-EZ.

03Who funds it

Who funds it, year by year

2020 → 2023: the base held at 1 funder, grant income fell $200 → $100.

Funder
'20
'21
'22
'23
total
funders
1
1
1
1

From the IRS filings of Badger Herald’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

Badger Herald draws 100% of its grant income from funders outside Wisconsin, across 1 state in all.

NY

In-state vs out-of-state, by year

’20
’21
’22
’23
Wisconsin out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Organizations like Badger Herald

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Wisconsin

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

WI

Screen this organization

A dated, signed PDF of the compliance screen for Badger Herald: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Badger Herald?
Badger Herald (Wisconsin) receives grants from 1 organization whose IRS filings report $5,655 to it, the largest being GANNETT FOUNDATION INC ($5,655). 1 of them have funded it in more than one year.
How many funders does Badger Herald have?
IRS filings report 1 organization giving $5,655 in grants to Badger Herald, 1 of which have funded it in more than one year.
Who is the largest funder of Badger Herald?
GANNETT FOUNDATION INC is the largest funder on record, with $5,655 in grants. The full list of funders is on this page.
How can an organization like Badger Herald find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Wisconsin. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Badger Herald →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing