2024-07-15T15:55:46-05:00 2023-08-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ROSEVILLE MN 551131117 990 2022-09-01 411648598 THE MINNESOTA DAILY MINN 6126274080 2221 UNIVERSITY AVENUE SE 450 MINNEAPOLIS MN 55414 CHARLES E WEAVER JR GENERAL MANAGER/EXECUTIVE DIRECTOR 6126274080 2024-07-15 1 CHARLES WEAVER JR 999009999 1 RYAN VETTRUS CPA P01243596 6514834521 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHARLES E WEAVER JR 2221 UNIVERSITY AVENUE SE 450 MINNEAPOLIS MN 55414 1288617 0 X WWW.MNDAILY.COM X 1988 MN EDUCATIONAL TRAINING OF STUDENTS IN ALL AREAS OF NEWSPAPER OPERATIONS 9 9 130 20 0 0 24916 2773 1032565 1062338 34668 -9617 0 0 1092149 1055494 0 0 0 0 457314 489828 0 0 22520 573444 634907 1030758 1124735 61391 -69241 985054 1021846 119790 162385 865264 859461 X 1. PROVIDE INDEPENDENT STUDENT JOURNALISM AND COMPREHENSIVE COVERAGE OF NEWS, MEDIA AND EVENTS THAT SERVE THE PUBLIC INTEREST AND INFORM THE UNIVERSITY OF MINNESOTA COMMUNITY.2. OFFER A FORUM FOR THE FREE EXCHANGE OF IDEAS AND CIVIL DEBATE FOR THE MEMBERS OF THE UNIVERSITY COMMUNITY.3. TRAIN UNIVERSITY STUDENTS TO PROFESSIONAL STANDARDS, TEACH BEST PRACTICES AND OPERATE AN ETHICAL ORGANIZATION IN ALL AREAS OF JOURNALISM AND THE MEDIA INDUSTRY.4. OPERATE A FISCALLY RESPONSIBLE ORGANIZATION THAT ENSURES ITS VIABILITY AS AN INDEPENDENT STUDENT MEDIA COMPANY THAT CONTINUALLY SERVES THE UNIVERSITY COMMUNITY.5. SUPPORT EQUITY, INCLUSIVITY AND REPRESENTATION IN THE WORKPLACE, APPROPRIATELY RESPOND TO THE DIVERSE AND CHANGING NEEDS OF THE CAMPUS COMMUNITY AND CONTINUALLY BUILD RELATIONSHIPS WITH COMMUNITY MEMBERS AND ORGANIZATIONS. 0 0 597288 1062338 THE MINNESOTA DAILY IS THE STUDENT-RUN NEWS ORGANIZATION AT THE UNIVERSITY OF MINNESOTA. BEFORE THE COVID-19 PANDEMIC, IT PUBLISHED PRINT EDITIONS TWICE A WEEK ON MONDAYS AND THURSDAYS DURING THE SCHOOL YEAR AND ONE WEEKLY EVERY WEDNESDAY DURING SUMMER TERM. IT PUBLISHES SPECIAL SECTIONS SEVERAL TIMES DURING THE SCHOOL YEAR. IT ALSO PUBLISHES ONLINE AT MNDAILY.COM. WITH A PRINT CIRCULATION OF 10,000 AND ONLINE TRAFFIC AVERAGING OVER 160,000 USERS PER MONTH, AS WELL AS A STRONG SOCIAL MEDIA FOLLOWING, THE DAILY PROVIDES NEWS AND INFORMATION TO 52,300 STUDENTS, 23,700 FACULTY/STAFF, AND THOUSANDS OF ALUMNI, PROSPECTIVE STUDENTS, PARENTS, SPORTS FANS AND OTHERS.OVER 130 STUDENTS ARE EMPLOYED IN THE NEWS, ADVERTISING, BUSINESS, DISTRIBUTION, MARKETING AND FINANCE DEPARTMENTS, INCLUDING ALL MAJOR LEADERSHIP POSITIONS. THIS PROVIDES TRAINING AND EXPERIENCE FOR UNIVERSITY OF MINNESOTA STUDENTS IN ALL MAJORS IN ALL ASPECTS OF JOURNALISM AND BUSINESS MANAGEMENT. 597288 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 130 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 1 0 MN X THE ORGANIZATION 6126274080 2221 UNIVERSITY AVENUE SE STE 450 MINNEAPOLIS MN 55414 CHARLIE WEAVER EXECUTIVE DIRECTOR & GENERAL MANAGER 40.00 X 100667 0 0 WILLIAM CONROY DIRECTOR/ACCOUNTING CONSULTANT 0.50 X 22050 0 0 MAIA IRVIN EDITOR-IN-CHIEF THROUGH MAY 2023 30.00 X X 17525 0 0 GRAHAM PETERSON BUSINESS OPERATIONS OFFICER 30.00 X X 16750 0 0 ALEX STEIL EDITOR-IN-CHIEF BEGINNING MAY 2023 30.00 X X 2325 0 0 DREW GERAETS BOARD CHAIR THROUGH 01/23, DIRECTOR 0.50 X X 0 0 0 BRADY GERVAIS DIRECTOR, BOARD CHAIR BEGINNING 2/23 0.50 X X 0 0 0 RANCE RAND TREASURER 1.00 X X 0 0 0 GAYLE GOLDEN SECRETARY 0.50 X X 0 0 0 ERIK BOHNHOFF DIRECTOR 0.50 X 0 0 0 KENT ERDAHL DIRECTOR 0.50 X 0 0 0 ELI MATTISON DIRECTOR BEGINNING 2023 0.50 X 0 0 0 REGINA MCCOMBS DIRECTOR 0.50 X 0 0 0 SETH RICHARDSON DIRECTOR BEGINNING JULY 2023 0.50 X 0 0 0 KENDRE TURONIE DIRECTOR/OFFICE OF STUDENT AFFAIRS 0.50 X 0 0 0 AMANE ETEFA STUDENT DIRECTOR BEGINNING 02/2023 0.50 X 0 0 0 MUNEEB B HAFEEZ STUDENT DIRECTOR BEGINNING 02/2023 0.50 X 0 0 0 HARUKA YUKIOKA STUDENT DIRECTOR 0.50 X 0 0 0 159317 0 0 1 0 0 0 0 2773 2773 UNIVERSITY FEES AND SUPPORT 513110 962503 962503 ADVERTISING REVENUE 541800 99835 99835 1062338 30144 30144 193362 233123 -39761 -39761 -39761 1055494 1062338 0 -9617 176462 101791 74671 303523 175085 128438 9843 5678 4165 41038 41038 5629 5629 2500 2500 35364 21227 12370 1767 366139 219683 128149 18307 3338 3338 6860 4116 2401 343 42059 25235 14721 2103 OTHER 61795 61795 SERVICE AGREEMENTS 31550 31550 DUES, SUBSCRIPTIONS & M 26668 26668 PRODUCTION 9936 9936 2031 2031 1124735 597288 504927 22520 34261 33905 222841 173839 5162 24886 31940 5584 1249998 1233794 14955 16204 675895 724082 0 43346 985054 1021846 27440 26488 92350 92350 0 43547 119790 162385 X 865264 859461 865264 859461 985054 1021846 -69241 63438 0 X 0 1 X 0 0 X 13292 216053 24916 2773 257034 1135864 1018236 988380 1032565 1062338 5237383 1135864 1031528 1204433 1057481 1065111 5494417 0 19283 19283 19283 19283 5475134 31744 27079 114140 34668 30144 237775 31744 27079 114140 34668 30144 237775 1167608 1058607 1318573 1092149 1095255 5732192 0.95520 0.95610 0.04150 0.04020 X 1249998 1233794 16204 16204 OPERATING LEASE OBLIGATION 43547 43547 X 1113303 63438 63438 1049865 5629 5629 1055494 1119106 0 1119106 5629 5629 1124735 PART X, LINE 2: THE DAILY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THEREFORE THE STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES. THE MINNESOTA DAILY IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. CONTRIBUTIONS TO THE MINNESOTA DAILY ARE TAX DEDUCTIBLE. THE DAILY REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE ENTITY IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE DAILY RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE DAILY FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE IRS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S TREASURER, GENERAL MANAGER AND CONTROLLER WILL REVIEW THE FORM. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE MONITORED AS THEY OCCUR AND ARE DEALT WITH ON A CASE BY CASE BASIS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE GENERAL MANAGER, BUSINESS MANAGER, AND EDITOR IN CHIEF (OPS) ARE DETERMINED BY VOTING AT THE BOARD OF DIRECTORS. OTHER MANAGERS COMPENSATION IS DETERMINED BY THE OP MEMBERS AND OTHER SENIOR MANAGERS. COMPENSATION IS REVIEWED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ONLINE AND ARE GIVEN IN-PERSON DURING ALL NEW EMPLOYEE ORIENTATION. FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST.