Jewish Times Approved by N.J. as a Non-Profit

2009-07-03 / Community

The Jewish Times of South Jersey has been approved by the State of New Jersey to change its corporate status from a limited liability company to a non-profit corporation.

"The non-profit business model will help us solve the financial problems, such as declining revenue, that have newspapers across the country - large and small - struggling simply to survive," said Jewish Times Publisher Shy Kramer.

Kramer said that the non-profit status move was made in the interest of maintaining the vital communication service he feels is so essential to unifying the local community.

"As a non-profit newspaper, revenue from subscriptions and advertising will be tax-exempt, and contributions to help support our committed continued goal of informing and educating the community would be tax-deductible."

Return to top