Poynter Records $900,000 Surplus for 2015

After six consecutive years of losses, the Poynter Institute today reported in an Internal Revenue Service filing a surplus of roughly $900,000 for 2015.

The result was driven by a gain on sale of land and a building as well as increased revenues and reduced expenses.

On an operating basis, the institute still ran at a loss of $1.3 million. That was an improvement of 42 percent on 2014’s operating loss of $2.26 million.

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