2024-05-14T12:54:44-05:00 2023-06-30 452904270 KMA SC 225 W WASHINGTON ST STE 200 CHICAGO IL 60606 990 2022-07-01 842123099 GROWING COMMUNITY MEDIA NFP GROW 7085248300 141 S OAK PARK AVE OAK PARK IL 60302 DANIEL HALEY CEO 7085248300 2024-05-13 1 DANIEL HALEY 999009999 0 DAVID R WEINBERG CPA P00005505 3126290900 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DANIEL HALEY 141 S OAK PARK AVE OAK PARK IL 60302 1607067 0 X GROWINGCOMMUNITYMEDIA.ORG X 2019 IL TO MAKE A POSITIVE IMPACT ON COMMUNITIES THROUGH PRINT AND ONLINE MEDIA. 8 8 25 8 1115020 0 734949 387107 200876 96430 10822 200 1070841 1123330 2017488 1607067 0 0 0 0 962684 1044781 0 0 61041 805380 908161 1768064 1952942 249424 -345875 1377262 1750105 143667 862385 1233595 887720 GROWING COMMUNITY MEDIA, NFP EXISTS TO MAKE A POSITIVE IMPACT ON THE COMMUNITIES AND NEIGHBORHOODS IT SERVES BY REPORTING, WRITING, PUBLISHING, AND CONNECTING THOSE COMMUNITIES THROUGH PRINT AND ONLINE MEDIA. 0 0 1704674 0 96430 COMMUNITY JOURNALISM:GROWING COMMUNITY MEDIA CONNECTS CITIZENS THROUGH COMMUNITY JOURNALISM ROOTED DEEP IN OUR NEIGHBORHOODS, BASED IN FACTS, AND REFLECTIVE OF VOICES NOT ALWAYS HEARD. EACH PUBLICATION REPORTS DEEPLY FROM WITHIN ITS OWN COMMUNITY, AT A GRANULAR LEVEL UNAVAILABLE ELSEWHERE IN THE LOCAL MEDIA LANDSCAPE. DEDICATED NEWSROOM STAFF PRODUCES INSIGHTFUL HYPERLOCAL COVERAGE OF EACH OF OUR SEVEN COMMUNITIES 52 WEEKS PER YEAR. 1704674 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 25 0 25 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 1 0 0 IL X X MARY ELLEN NELLIGAN 7085428300 141 S OAK PARK AVE OAK PARK IL 60302 DANIEL HALEY CEO 40.00 X 123529 0 0 JUDY GREFFIN CHAIRPERSON 0.50 X X 0 0 0 NILE WENDORF TREASURER 0.50 X X 0 0 0 DEB ABRAHAMSON DIRECTOR 0.50 X 0 0 0 GARY COLLINS DIRECTOR 0.50 X 0 0 0 STEVE EDWARDS DIRECTOR 0.50 X 0 0 0 DARNELL SHIELDS DIRECTOR 0.50 X 0 0 0 SHEILA SOLOMON DIRECTOR 0.50 X 0 0 0 ERIC WEINHEIMER DIRECTOR 0.50 X 0 0 0 123529 0 0 1 0 0 0 BLUE ISLAND NEWS PRINTING 262 W 147TH ST HARVEY IL 60426 PRINTING SERVICES 275845 1 387107 387107 CIRCULATION INCOME 513190 96430 96430 96430 200 200 8310 0 8310 8310 8310 ADVERTISING REVENUE 541800 1115020 1115020 1115020 1607067 96430 1115020 8510 126820 120778 3021 3021 802874 764618 19128 19128 41410 33128 4141 4141 73677 58941 7368 7368 20220 20220 42720 42720 41366 3954 36918 494 1604 668 936 50343 26347 20703 3293 97339 77871 9734 9734 85720 68684 8518 8518 3220 3220 5364 5364 32255 32255 11880 9504 1188 1188 PRINTING EXPENSES 496537 496537 BAD DEBT EXPENSE 11028 11028 DUES AND SUBSCRIPTIONS 5263 5263 BANK CHARGES AND FEES 2941 2941 361 361 1952942 1704674 187227 61041 547317 353986 382318 345997 172498 209523 6744 0 6495 0 0 6495 9422 9422 257797 225541 1166 599141 1377262 1750105 76412 103282 67255 157028 0 602075 143667 862385 X 695284 475473 538311 412247 1233595 887720 1377262 1750105 -345875 0 X 0 1 X 1 0 X 354625 688893 734949 387107 2165574 354625 688893 734949 387107 2165574 596971 1568603 16655 15491 8510 40656 904646 1063464 1115020 3083130 478000 478000 5767360 500059 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: WEDNESDAY JOURNAL, INC. STOCK AMOUNT: 478000. FORM 990, SCHEDULE A, PART II, LINE 10 THE AMOUNT SHOWN CONSTITUTES CONTRIBUTIONS OF WEDNESDAY JOURNAL, INC. STOCK TO GROWING COMMUNITY MEDIA. WEDNESDAY JOURNAL, INC. WAS A FOR PROFIT ENTITY THAT AHS BEEN COMBINED WITH OTHER MEDIA ENTITIES TO FORM GROWING COMMUNITY MEDIA. AS SUCH THE STOCK WAS VALUED BY AN INDEPENDENT CPA FIRM AND DONATED BY THE SHAREHOLDERS TO GROWING COMMUNITY MEDIA. THESE DONATIONS OF STOCK ARE CONSIDERED AN UNUSUAL GRANT DUE TO THE LARGE VALUE OF THE DONATION AS WELL AS THE NATURE. THIS INCOME IS SHOWN ON PART VIII, LINE 1G. IT IS NOT INCLUDED IN SCHEDULE A, PART II, LINE 1. IT IS UNLIKELY THAT GROWING COMMUNITY MEDIA WILL RECEIVE ANOTHER DONATION LIKE THIS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6495 6495 6495 OTHER RECEIVABLES 1166 RIGHT OF USE ASSET 597975 599141 SECURITY DEPOSIT 4100 RIGHT OF USE LEASE LIABILITY 597975 602075 X 1607067 0 1607067 0 1607067 1952942 0 1952942 0 1952942 PART X, LINE 2: THE ORGANIZATION IS REQUIRED TO DETERMINE WHETHER ITS TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAXING AUTHORITIES. BASED ON ITS ANALYSIS, THE ORGANIZATION HAS DETERMINED THAT IT HAS NOT INCURRED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2023. THE ORGANIZATION DOES NOT EXPECT THAT ITS ASSESSMENT REGARDING UNRECOGNIZED TAX BENEFITS WILL MATERIALLY CHANGE OVER THE NEXT 12 MONTHS. HOWEVER, THE ORGANIZATION'S CONCLUSIONS MAY BE SUBJECT TO REVIEW AND ADJUSTMENT AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, QUESTIONING THE TIMING AND AMOUNT OF DEDUCTIONS, THE NEXUS OF INCOME AMONG VARIOUS TAX JURISDICTIONS, COMPLIANCE WITH U.S. FEDERAL AND U.S. STATE TAX LAWS, AND CHANGES IN THE ADMINISTRATIVE PRACTICES AND PRECEDENTS OF THE RELEVANT TAXING AUTHORITIES. FORM 990, PART VI, SECTION A, LINE 8B GROWING COMMUNITY MEDIA CURRENTLY DOES NOT HAVE ANY COMMITTIEES IN PLACE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. CREATION OF ANY SUCH COMMITTIES WILL REQUIRE APPROVAL FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THERE IS CURRENTLY NO FORMAL PROCESS IN PLACE FOR BOARD REVIEW AND APPROVAL OF THIS CURRENT TAX RETURN. THE BOARD PLANS TO ADOPT A FORMAL REVIEW AND APPROVAL PROCESS FOR FUTURE TAX RETURNS THAT INCLUDES CIRCULATING THE RETURNS TO THE ENTIRE BOARD FOR COMMENT AND REVIEW. THE BOARD WILL VOTE ON SUBMISSION OF TAX RETURNS PRIOR TO SIGNING BY THE CEO AND A BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIR OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS WILL REVIEW A RANGE OF SALARIES FOR PUBLISHING AND EDITORIAL MANAGEMENT AND STAFF. THE BOARD WILL CONSIDER THIS INFORMATION ALONG WITH ANNUAL REVIEWS AND BUDGET AVAILABILITY TO DETERMINE COMPENSATION FOR ALL EMPLOYEES. THE BOARD WILL NEED TO APPROVE ANY CHANGES IN COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.