2024-11-14T14:16:26-06:00 2024-06-30 420714325 RSM US LLP 201 FIRST ST SE STE 800 CEDAR RAPIDS IA 524011425 990 2023-07-01 421041859 STUDENT PUBLICATIONS INC STUD 3193355786 100 ADLER JOURNALISM BLDG E131 IOWA CITY IA 522422004 JASON BRUMMOND PUBLISHER 3193355786 2024-11-11 1 0 SHAWNA HULS P01315330 3192985333 2024-11-11 2023 2024-10-15 13:58:12Z JASON BRUMMOND 100 ADLER JOURNALISM BLDG E131 IOWA CITY IA 522422004 1205806 0 X WWW.DAILYIOWAN.COM X 1924 IA THE ORGANIZATION EXISTS TO SERVE THE COMMUNITY OF THE UNIVERSITY OF IOWA BY PUBLISHING NEWS CONTENT IN PRINT, DIGITAL, AND OTHER MEDIA FORMATS, AND PROVIDING A PROFESSIONAL LEARNING ENVIRONMENT THAT ALLOWS STUDENT JOURNALISTS TO GAIN REAL-WORLD JOURNALISM EXPERIENCE. 11 11 64 12 0 0 32372 122472 860932 1064597 1849 18737 0 0 895153 1205806 32500 35250 0 0 716733 808180 0 0 0 280163 438149 1029396 1281579 -134243 -75773 1999816 2157224 49853 173731 1949963 1983493 X THE ORGANIZATION EXISTS TO SERVE THE COMMUNITY OF THE UNIVERSITY OF IOWA AND ITS PURPOSE IS TO PUBLISH THE DAILY IOWAN AND SUCH OTHER PUBLICATIONS IN PRINT, DIGITAL, OR OTHER MEDIA FORMATS, AND TO PROVIDE A PROFESSIONAL LEARNING ENVIRONMENT THAT ALLOWS STUDENT JOURNALISTS TO GAIN REAL-WORLD JOURNALISM EXPERIENCE. 0 0 891491 35250 1064597 OPERATION OF STUDENT NEWSPAPER AND TWO COMMUNITY NEWSPAPERS: THE MOUNT VERNON-LISBON SUN AND SOLON ECONOMIST. 891491 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 64 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 1 1 0 X DEBBIE PLATH 3193355786 100 ADLER JOURNALISM BLDG E131 IOWA CITY IA 522422004 RYAN FOLEY CHAIR 1.00 X X 0 0 0 DAVID SCRIVNER VICE CHAIR 1.00 X X 0 0 0 KIRSTEN KUMPF BAELE TRUSTEE 1.00 X 0 0 0 SARA KONRAD BARANOWSKI TRUSTEE 1.00 X 0 0 0 JACKIE DEMOLEE TRUSTEE 1.00 X 0 0 0 CARRIE FIGDOR TRUSTEE 1.00 X 0 0 0 SARAH FRANKLIN TRUSTEE 1.00 X 0 0 0 DAVID LOMOYWARA TRUSTEE 1.00 X 0 0 0 SABENA ABDUL RAHEEM TRUSTEE 1.00 X 0 0 0 MELISSA TULLY TRUSTEE 1.00 X 0 0 0 SARAH WITMER TRUSTEE 1.00 X 0 0 0 JASON BRUMMOND PUBLISHER 40.00 X 148987 0 14826 JULI KRAUSE SECRETARY 1.00 X 0 0 0 148987 0 14826 1 0 1 0 0 122472 122472 UNIV. SUPPORT/SUBS. 900099 469681 469681 ADVERTISING 900099 440549 440549 MISCELLANEOUS 900099 110023 110023 SUBSCRIPTIONS 900099 44344 44344 1064597 18737 18737 1205806 1064597 0 18737 35250 35250 162500 162500 550976 456958 94018 13760 12063 1697 47448 31054 16394 33496 15235 18261 3944 2046 1898 11865 11865 18365 14427 3938 5306 1140 4166 39517 4500 35017 70094 66647 3447 31264 28380 2884 12137 1272 10865 PRINTING 131001 131001 SUPPLIES 70444 58611 11833 POSTAGE AND FREIGHT 23405 22988 417 TELEPHONE 7012 5661 1351 13795 4258 9537 1281579 891491 390088 0 517071 549292 368783 247177 47755 50962 0 12058 315 1810 860688 800053 60183 60635 971233 1095183 0 66321 34476 73786 1999816 2157224 10055 37074 5322 62871 34476 73786 49853 173731 X 597149 626364 1352814 1357129 1949963 1983493 1999816 2157224 -75773 109303 0 X X 1 X 0 1 0 X 140132 870574 339022 32372 122472 1504572 908865 816759 927903 860932 1064597 4579056 1048997 1687333 1266925 893304 1187069 6083628 750000 1000 1000 2995 754995 12942 12942 750000 1000 1000 15937 767937 5315691 772 1849 18737 21358 772 1849 18737 21358 1048997 1687333 1267697 895153 1205806 6104986 0.87070 0.87360 0.00350 0.00050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 984491 80928 109303 51657 12588 1110477 1004083 1277 33991 44000 10860 984491 735085 300350 15215 36437 10130 1004083 600183 178138 34727 8509 735085 682737 -43100 33080 6374 600183 0.86184 0.13816 1 0 860688 800053 60635 60635 POOLED INVESTMENTS 1095183 C 1095183 OPERATING LEASE LIABILITY 73786 73786 X PART V, LINE 4: THE ORGANIZATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE INVESTMENT OBJECTIVE OF THE ENDOWMENT IS TO SEEK MAXIMUM TOTAL RETURN CONSISTENT WITH THE PRESERVATION OF PRINCIPAL, DIVERSIFICATION AND AVOIDANCE OF EXCESSIVE RISK. THE ORGANIZATION WILL EXERCISE REASONABLE CARE, SKILL AND CAUTION WITH REGARD TO THE INVESTMENT OF FUNDS IN THE CONTEXT OF THE ENTIRE PORTFOLIO WHICH INCORPORATES RISK AND RETURN OBJECTIVES REASONABLY SUITABLE TO THE PURPOSES OF THE ORGANIZATION. THE ASSETS ARE TO BE MANAGED IN A MANNER THAT SEEKS TO MEET THESE INVESTMENT OBJECTIVES, WHILE AT THE SAME TIME ATTEMPTING TO REDUCE VOLATILITY IN YEAR-TO-YEAR SPENDING. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, THE ORGANIZATION IS TAXED ONLY ON ITS UNRELATED BUSINESS INCOME. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DID NOT RECEIVE ANY MATERIAL UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT ARE REQUIRED TO BE RECORDED AS OF JUNE 30, 2024 AND 2023. 1 SCHOLARSHIPS FOR THE PURPOSE OF RECRUITING HIGH SCHOOL JOURNALISTS TO WORK FOR THE ORGANIZATION THROUGHOUT THEIR COLLEGE CAREER, AND SCHOLARSHIPS FOR THE PURPOSE OF REWARDING HIGH ACHIEVERS IN THE NEWSROOM. 21 35250 0 PART I, LINE 2: EACH SEMESTER, THE SCHOLARSHIP RECIPIENT WILL BE EVALUATED FOR SCHOLARSHIP SUPPORT USING THE FOLLOWING CRITERIA: 1. MINIMUM GRADE-POINT AVERAGE OF 2.7 2. COMPLETION OF AT LEAST NINE CREDIT HOURS PER SEMESTER 3. EVALUATION OF NEWSROOM PERFORMANCE BY THE EXECUTIVE EDITOR, A COACH, AND THE PUBLISHER X X 0 0 0 0 0 0 0 0 0 JASON BRUMMOND PUBLISHER 148987 0 0 0 0 0 7449 0 7377 0 163813 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS AND REVIEWED BY THE PRINCIPAL OFFICER PRIOR TO SIGNING. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION EXCHANGES COMPENSATION INFORMATION ANNUALLY WITH THE ASSOCIATION OF UNIVERSITY STUDENT MEDIA MANAGERS OF WHICH THE ORGANIZATION IS A MEMBER. THE BUDGET COMMITTEE WITHIN THE BOARD REVIEWS THE INFORMATION TO DETERMINE COMPENSATION LEVELS FOR THE PUBLISHER AND OTHER MANAGEMENT POSITIONS. COMPENSATION DECISIONS ARE DOCUMENTED AS PART OF THE OVERALL ANNUAL BUDGETING REVIEW AND APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE REVIEW OF ITS FINANCIAL STATEMENTS.