Are you familiar with the old saying, "You can' t get blood out of a turnip?"  Based on what your wrote, it doesn' t sound to me like your present employer has the money to pay you more, even if they recognize that you' re worth more.  Nevertheless, I' d still ask if I were you.  Put together a list of not only your present duties compared to your original duties, but also a list of your accomplishments since you' ve been there - including the awards.  Once that' s done, ask whoever the proper person is for a performance and salary review.  Take two copies of your list with you - one for you and one for the person doing the review - so you' ll both be looking at the same information.  Then, once you' re discussed how your job has escalated, how much you enjoy your work, and pointed out what you' ve been able to accomplish, politely suggest that you feel an increase in compensation is in order - and see what happens.  Frankly, I think it' s unrealistic to expect a 25% raise - even if the publication were rolling in dough.  I' d suggest, assuming you' re asked what sort of raise you have in mind, a reasonable salary range in which you' d like to be.  Say something like, "I was anticipating an increase in the 10% to 15% range," and see what sort of reaction you get, (I' d rather have a 10% increase than have a request for a 25% increase declined).  I think you also have to quietly start a job search because it doesn' t sound like this publication is doing very well financially, based on what you wrote - so this whole exercise may be moot, but you' ll have done some of the homework necessary to start a job search anyway.  Make sense?