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INI is a normal for-profit company that pays taxes the same as any other for-profit.It does not pay dividends to any individuals or groups, however, since it is 100% owned by INI Holdings, Inc., a non-profit membership corporation.After his discharge from the Army, Jack purchased his hometown newspaper, the four-page Renovo Record. In 1952 he sold his hometown paper in order to purchase the Delaware State News in Dover, DE, then a weekly.
Its newspapers and websites in Arizona, Delaware, Florida and Maryland are published for, of and by the people.
USA in 2011.) Joe wanted to ensure that the company would remain independent and dedicated to the practice of journalism as a public trust, with a commitment to citizen participation, free speech and independent journalism.
After years of pursuing this vision, the IRS issued a private ruling in 1991 that allowed him to transfer 100% ownership to a new non-profit holding company.
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