Civic Intelligence

The Observer

990 • Fiscal year 2022 • EIN 35-1414743

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

Controllers Office 724 Grace HallNotre Dame, IN 46556

(574) 631-7575

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

13.66x

Higher debt load relative to assets than 99% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

92nd percentile

0.50x

Higher debt load relative to revenue than 92% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

58th percentile

9.8%

Higher net margin than 58% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

80th percentile

$4,697

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

26th percentile

-16%

Faster asset growth than 26% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

56th percentile

16%

Faster revenue growth than 56% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$8,641

Down $1,591 (-16%) from 2021

Net Assets

Up

-$109,405

Up $23,141 (+17%) from 2021

Liabilities

Down

$118,046

Down $24,732 (-17%) from 2021

Revenue

Up

$236,803

Up $32,897 (+16%) from 2021

Expenses

Up

$213,662

Up $58,709 (+38%) from 2021

Net Income

Down

$23,141

Down $25,812 (-53%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$100K$0-$100K-$200KAssets 2021: $10,232Liabilities 2021: $142,778Net Assets 2021: -$132,5462021Assets 2022: $8,641Liabilities 2022: $118,046Net Assets 2022: -$109,4052022Assets 2023: $8,809Liabilities 2023: $142,245Net Assets 2023: -$133,4362023Assets 2024: $9,169Liabilities 2024: $111,006Net Assets 2024: -$101,8372024

Highlighted filing

2022

Assets$8,641
Liabilities$118,046
Net Assets-$109,405

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2021: $203,906Expenses 2021: $154,953Net Income 2021: $48,9532021Revenue 2022: $236,803Expenses 2022: $213,662Net Income 2022: $23,1412022Revenue 2023: $227,989Expenses 2023: $252,020Net Income 2023: -$24,0312023Revenue 2024: $250,878Expenses 2024: $219,279Net Income 2024: $31,5992024

Highlighted filing

2022

Revenue$236,803
Expenses$213,662
Net Income$23,141
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$236,803
Mission and Program Overview

Mission

Student newspaper which informs the communities of Notre Dame, Saint Mary's, and Holy Cross College of recent events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$10,232$8,641▼ $1,591
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-132,546$-109,405▲ $23,141
Total Assets$10,232$8,641▼ $1,591
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$142,778$118,046▼ $24,732
Total Liabilities$142,778$118,046▼ $24,732
Net Assets / Fund Balance
Total Net Assets Fund Balance$-132,546$-109,405▲ $23,141
Total Liabilities and Net Assets / Fund Balance$10,232$8,641▼ $1,591
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
-Sports Editor/Asst. Managing EditorPT$4,697$4,697
-Editor-in-ChiefPT$3,782$3,782
-Managing EditorPT$3,077$3,077
-Assistant Managing Editor/Viewpoint EditorPT$2,824$2,824
-Editor-In-Chief/Notre Dame News EditorPT$2,788$2,788
-Advertising ManagerPT$2,651$2,651
-Graphics EditorPT$2,508$2,508
-Assistant Managing Editor/Saint Mary's EditorPT$2,036$2,036
-Managing Editor/Scene EditorPT$1,556$1,556
-Assistant Managing EditorPT$1,494$1,494
-Notre Dame News EditorPT$1,431$1,431
-Scene EditorPT$806$806
-Social Media EditorPT$705$705
-Sports EditorPT$493$493
-Talent & Inclusion ManagerPT$319$319
-Systems AdministratorPT$304$304
-Saint Mary's EditorPT$251$251
-Viewpoint EditorPT$180$180

Board Members and Trustees

NameTitle
-Ad Design Manager
-Photo Editor
-Video Unit Leader
Revenue and Support

Revenue Composition

Contributions and Grants
$19,774
Program Service Revenue
$217,029
Investment Income
$0
Other Revenue
$0
All Other Contributions
$19,774
Change in Net Assets
$23,141
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$118,532
Salaries, Compensation, and Employee Benefits$95,130
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$26,358$26,357-$52,715
Other Salaries and Wages$22,009$11,000$0$33,009
Travel$18,184$0$0$18,184
Office Expenses$15,661$0$0$15,661
Fees for Services Other$9,200$0$0$9,200
Payroll Taxes$3,694$2,858$0$6,552
Fees for Services Accounting$0$3,253$0$3,253
Other Employee Benefits$0$2,854$0$2,854
Information Technology$1,717$0$0$1,717
All Other Expenses$75$580$0$655
Other Expenses$0$125$0$125
Total Functional Expenses$163,568$50,094$0$213,662
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Payable$118,046
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 8A Documentation of meetings held by governing body

The general board is required to meet twice a year: once at the beginning of the term to review the charter and once at the end of its term to elect the new Editor-in-Chief. The Editorial and Operations Boards meet throughout the year. There is no formal contemporaneous documentation of the meetings held or written actions undertaken during the year by the governing body.

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

See answer to Part VI Line 8A

Form 990, Part VI, Line 11B Review of form 990 by governing body

The Tax Department of the Controller's Office of the University of Notre Dame Du Lac prepares the Form 990 for The Observer. The review process for the completed Form 990 begins with several levels of internal review within the Controller's Office and is then reviewed with the Editor-in-Chief and Office Manager. Following this process, the return is presented to the full General Board.

Form 990, Part VI, Line 12C Conflict of interest policy

All Observer board members must complete and submit on no less than an annual basis a conflict of interest disclosure survey. Such surveys are then evaluated by the proper "reviewer." The reviewer determines whether an actual, potential, or perceived conflict of interest exists and makes a recommendation as to what conditions or restrictions, if any, should be imposed by The Observer to manage, reduce, or eliminate such conflicts. All Observer staff members are required to promptly disclose to his or her immediate superior any and all actual, potential, or perceived conflicts of interest which arise. Upon receipt of a disclosure, the immediate superior must determine whether an actual, potential, or perceived conflict of interest exists. If the immediate superior determines that an actual conflict of interest exists, the member of the Observer community disclosing it shall be excluded from participating in the activity or situation giving rise to the conflict of interest. If the immediate superior determines that a potential or perceived conflict of interest exists, the immediate superior will make a recommendation to the Editor-in-Chief as to what conditions or restrictions, if any, should be imposed to manage, reduce, or eliminate such conflicts.

Form 990, Part VI, Line 19 Required documents available to the public

The Observer is an independent student organization and does not operate under any by-laws. However, the Organization does operate under the Observer Articles of Organization and the charter of the Observer. This information, as well as copies of Form 990, are available upon request.

Filing and Contact Details

Filer

Filer Name
The Observer
EIN
35-1414743
Phone
5746317575
Address
Controllers Office 724 Grace Hall, Notre Dame, IN 46556

Signing Officer

Name
Maggie Eastland
Title
Editor-in-Chief
Phone
5746317575
Signed
2023-05-15

Organization Details

Formed
1966
Legal Domicile
In
Voting Board Members
21
Independent Board Members
0
Employees
81
Volunteers
0
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