Civic Intelligence

Students Publishing Company Inc. Northwestern University

990 • Fiscal year 2017 • EIN 36-6002654

Sep 01, 2016 to Aug 31, 2017 • Filed on Jul 12, 2018

1999 Campus DriveEvanston, IL 60208

(847) 491-7206

Siviq Scores

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

Liabilities / Assets

97th percentile

1.92x

Higher debt load relative to assets than 97% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

0.43x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

43rd percentile

0.4%

Higher net margin than 43% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

98th percentile

$89,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 19.2% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

73rd percentile

22%

Faster asset growth than 73% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

28th percentile

-15%

Faster revenue growth than 28% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$105,082

Up $19,119 (+22%) from 2016

Net Assets

Up

-$96,267

Up $1,877 (+1.9%) from 2016

Liabilities

Up

$201,349

Up $17,242 (+9.4%) from 2016

Revenue

Down

$463,649

Down $78,789 (-15%) from 2016

Expenses

Up

$461,772

Up $14,398 (+3.2%) from 2016

Net Income

Down

$1,877

Down $93,187 (-98%) from 2016

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200K-$400KAssets 2015: $43,489Liabilities 2015: $236,697Net Assets 2015: -$193,2082015Assets 2016: $85,963Liabilities 2016: $184,107Net Assets 2016: -$98,1442016Assets 2017: $105,082Liabilities 2017: $201,349Net Assets 2017: -$96,2672017Assets 2018: $71,211Liabilities 2018: $206,965Net Assets 2018: -$135,7542018Assets 2019: $54,383Liabilities 2019: $218,806Net Assets 2019: -$164,4232019Assets 2020: $54,790Liabilities 2020: $272,428Net Assets 2020: -$217,6382020Assets 2021: $99,801Liabilities 2021: $312,440Net Assets 2021: -$212,6392021Assets 2022: $111,440Liabilities 2022: $260,847Net Assets 2022: -$149,4072022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $69,877Liabilities 2024: $251,726Net Assets 2024: -$181,8492024Assets 2025: $57,364Liabilities 2025: $263,501Net Assets 2025: -$206,1372025

Highlighted filing

2017

Assets$105,082
Liabilities$201,349
Net Assets-$96,267

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2015: $395,053Expenses 2015: $419,604Net Income 2015: -$24,5512015Revenue 2016: $542,438Expenses 2016: $447,374Net Income 2016: $95,0642016Revenue 2017: $463,649Expenses 2017: $461,772Net Income 2017: $1,8772017Revenue 2018: $439,583Expenses 2018: $479,070Net Income 2018: -$39,4872018Revenue 2019: $455,768Expenses 2019: $484,437Net Income 2019: -$28,6692019Revenue 2020: $416,067Expenses 2020: $469,283Net Income 2020: -$53,2162020Revenue 2021: $431,954Expenses 2021: $388,562Net Income 2021: $43,3922021Revenue 2022: $470,001Expenses 2022: $445,161Net Income 2022: $24,8402022Revenue 2023: $224,000Expenses 2023: $443,000Net Income 2023: -$219,0002023Revenue 2024: $480,101Expenses 2024: $475,479Net Income 2024: $4,6222024Revenue 2025: $457,504Expenses 2025: $481,792Net Income 2025: -$24,2882025

Highlighted filing

2017

Revenue$463,649
Expenses$461,772
Net Income$1,877
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jul 12, 2018
Return Version
2016v3.0
Gross Receipts
$463,649
Mission and Program Overview

Mission

Provide educational opportunities for University students to publish daily campus newspaper and annual university yearbook at Northwestern University.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$47,394$83,594▲ $36,200
Accounts Receivable$17,315$12,596▼ $4,719
Savings and Temporary Cash Investments$12,163--
Prepaid Expenses and Deferred Charges$9,091$8,892▼ $199
Total Assets$85,963$105,082▲ $19,119
Liabilities
Accounts Payable and Accrued Expenses$168,652$182,374▲ $13,722
Deferred Revenue$15,455$18,975▲ $3,520
Total Liabilities$184,107$201,349▲ $17,242
Net Assets / Fund Balance
Unrestricted Net Assets$-98,144$-96,267▲ $1,877
Total Net Assets Fund Balance$-98,144$-96,267▲ $1,877
Total Liabilities and Net Assets / Fund Balance$85,963$105,082▲ $19,119

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$550,000-▲ $27,466$27,466$550,000
2015-$550,000▲ $13,300$13,300$550,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Stacia CampbellGeneral ManagerFT$89,000$89,000
Christopher WidmanProduction ManagerFT$59,000$59,000

Board Members and Trustees

NameTitle
Charles YarnoffChairman
Alexis BarberDirector
Candy LeeDirector
Jeremy MullmanDirector
John ByrneDirector
Michele CorrisionDirector
Mike SzczepanekDirector
Mj ButlerDirector
Olyvia ChinchillaDirector
Rich GordonDirector
L Edward BryantSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$134,337
Program Service Revenue
$329,312
Investment Income
$0
Other Revenue
$0
All Other Contributions
$134,337
Change in Net Assets
$1,877
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$256,961
Other Expenses$204,811
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$0$147,874$0$147,874
Other Salaries and Wages$75,300$0$0$75,300
Other Expenses$16,741$4,459$0$21,200
Other Employee Benefits$0$15,951$0$15,951
Payroll Taxes$1,944$10,892$0$12,836
Advertising$8,048$217$0$8,265
Insurance$4,524$3,331$0$7,855
Travel$6,236$1,590$0$7,826
Office Expenses$5,175$1,239$0$6,414
Pension Plan Contributions$0$5,000$0$5,000
Fees for Services Accounting$900$3,127$0$4,027
Total Functional Expenses$267,972$193,800$0$461,772
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advance from Northwestern University-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Students Publishing Co Inc
EIN
36-6002654
Phone
8474917206
Address
1999 Campus Drive, Evanston, IL 60208

Signing Officer

Name
Stacia Campbell
Title
General Manager
Phone
8474917206
Signed
2018-07-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacia Campbell
Formed
1923
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
86
Volunteers
85

Preparer

Firm
Wong & Knowles CPA Pc
Address
340 W BUTTERFIELD STE 3C, ELMHURST, IL 60126-5043
Preparer
James M Wong
Phone
6309932223
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The general manager provides monthly statements and circulates to board members. The Board has designated the general manager to provide the independent accountant with information needed to review financial reporting. The independent accountant will review the financial statements and financial information prepared by the General Manager. The accountant reports directly to the Board of Directors, typically twice per year.

Pt VI, Line 12C

The Board of Directors generally meets two-three times per academic quarter, or six-eight times per academic year. At the third and sixth Board meeting of each year, all members and key employees are required by the bylaws to disclose potential conflicts of interest.

Pt VI, Line 15A

No board members receive compensation

Pt VI, Line 15B

Compensation for full time staff is reviewed by the budget committee who then reports to the entire Board for a final vote. Information regarding salaries and benefits is collected each year from 30 similar college paper/yearbook organizations for comparison and is used by the budget committee to evaluate compensation.

Pt VI, Line 19

All governing documents, conflict of interest policy and annual audited financial statements are available upon request. We can fax upon request.

Financial Statement Notes

Pt V, Line 4

The Holly and John Madigan Fund (the "Madigan Fund") for The Daily Northwestern ("The Daily") was established in 2015 to support The Daily which is an independent, student-run daily news source, both on-line and in print. The Daily serves as a training ground for aspiring journalists who are students in NU's Medill School of Journalism, Media, Integrated Marketing Communications, as well as students in other NU colleges interested in the media. The Daily serves the students, faculty, administrative staff and alumni of NU and the residents of Evanston, Illinois with its print copy 5 days each week and the general public on-line 24/7. The Daily is also available for research through the University Library Archives in digital form. The Madigan Fund was donated in conjunction with the pending 5 year Campaign for the Future of The Daily Northwestern, which has goals of :(1) acquiring and utilizing innovative technology to assure that students producing The Daily are being educated at the cutting edge of media developments, including digital production and publication, (2) assuring that student editors and The Daily staff are paid modest stipends for their time-consuming efforts, (3) that the stipends allow students with financial need to be able to work at The Daily without necessarily having to work additional jobs to help with their finances and, (4) establishing a quasi-endowment fund producing annual income which will help offset the loss of advertising revenue which The Daily, like all newspapers, has experienced. The Campaign is being conducted by Students Publishing Company in connection with the 135th anniversary of The Daily Northwestern. In addition to the Madigan Fund, alumni donors (primarily former Daily staffers) contribute to a fund for The Daily Northwestern that is administered through the Dean's office of Northwestern University's Medill School of Journalism, Media, Integrated Marketing Communications.

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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08892
IRS990/PrincipalOfficerNm0STACIA CAMPBELL
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IRS990/ProgramServiceRevenueGrp/Desc0Newspaper Ad Sales
IRS990/ProgramServiceRevenueGrp/Desc1Newspaper Subscription
IRS990/ProgramServiceRevenueGrp/Desc2Yearbook Sales
IRS990/ProgramServiceRevenueGrp/Desc3Yearbook Advertising
IRS990/ProgramServiceRevenueGrp/Desc4Yearbook Senior Portraits
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0209000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt135540
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt249905
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt36905
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt425806
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE EDUCATIONAL OPPORTUNITIES FOR UNIVERSITY STUDENTS TO PUBLISH ANNUAL UNIVERSITY YEARBOOK AT NORTHWESTERN UNIVERSITY.
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IRS990/PYTotalExpensesAmt0447374
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Our bylaws stipulate that five of the eleven directors are appointed by the provost of Northwestern University. Appointees are recruited by current directors and proposed to the Provost. The balance, including three students, are elected by the Board.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt IV Sec C Ln 1
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Northwestern University
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IRS990ScheduleA/SupportingOrgType2Ind0X
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IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0550000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0550000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt027466
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt027466
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0550000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0550000
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt013300
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0true
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Advance from Northwestern University
IRS990ScheduleD/RelatedOrgListSchRInd0true
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Holly and John Madigan Fund (the "Madigan Fund") for The Daily Northwestern ("The Daily") was established in 2015 to support The Daily which is an independent, student-run daily news source, both on-line and in print. The Daily serves as a training ground for aspiring journalists who are students in NU's Medill School of Journalism, Media, Integrated Marketing Communications, as well as students in other NU colleges interested in the media. The Daily serves the students, faculty, administrative staff and alumni of NU and the residents of Evanston, Illinois with its print copy 5 days each week and the general public on-line 24/7. The Daily is also available for research through the University Library Archives in digital form. The Madigan Fund was donated in conjunction with the pending 5 year Campaign for the Future of The Daily Northwestern, which has goals of :(1) acquiring and utilizing innovative technology to assure that students producing The Daily are being educated at the cutting edge of media developments, including digital production and publication, (2) assuring that student editors and The Daily staff are paid modest stipends for their time-consuming efforts, (3) that the stipends allow students with financial need to be able to work at The Daily without necessarily having to work additional jobs to help with their finances and, (4) establishing a quasi-endowment fund producing annual income which will help offset the loss of advertising revenue which The Daily, like all newspapers, has experienced. The Campaign is being conducted by Students Publishing Company in connection with the 135th anniversary of The Daily Northwestern. In addition to the Madigan Fund, alumni donors (primarily former Daily staffers) contribute to a fund for The Daily Northwestern that is administered through the Dean's office of Northwestern University's Medill School of Journalism, Media, Integrated Marketing Communications.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 4
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The general manager provides monthly statements and circulates to board members. The Board has designated the general manager to provide the independent accountant with information needed to review financial reporting. The independent accountant will review the financial statements and financial information prepared by the General Manager. The accountant reports directly to the Board of Directors, typically twice per year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors generally meets two-three times per academic quarter, or six-eight times per academic year. At the third and sixth Board meeting of each year, all members and key employees are required by the bylaws to disclose potential conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No board members receive compensation
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation for full time staff is reviewed by the budget committee who then reports to the entire Board for a final vote. Information regarding salaries and benefits is collected each year from 30 similar college paper/yearbook organizations for comparison and is used by the budget committee to evaluate compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All governing documents, conflict of interest policy and annual audited financial statements are available upon request. We can fax upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Northwestern University
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION AND RESEARCH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0633 Clark Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Evanston
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060208
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IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0Northwestern University, ("NU"), an affiliated organization permits Students Publishing Company ("SPC") to fund raise, in part, through NU's development department. SPC also utilizes NU as a manager for certain contributions so made in a quasi-endowment format. All other funds raised by SPC through NU are administered through the Dean's office of NU's Medill School of Journalism, Media, Integrated Marketing Communications.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Northwestern University
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