Civic Intelligence

Students Publishing Company Inc. Northwestern University

990 • Fiscal year 2019 • EIN 36-6002654

Sep 01, 2018 to Aug 31, 2019 • Filed on May 22, 2020

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

98th percentile

4.02x

Higher debt load relative to assets than 98% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

0.48x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

28th percentile

-6.3%

Higher net margin than 28% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

98th percentile

$91,500

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 20.1% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

18th percentile

-24%

Faster asset growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

54th percentile

3.7%

Faster revenue growth than 54% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$54,383

Down $16,828 (-24%) from 2018

Net Assets

Down

-$164,423

Down $28,669 (-21%) from 2018

Liabilities

Up

$218,806

Up $11,841 (+5.7%) from 2018

Revenue

Up

$455,768

Up $16,185 (+3.7%) from 2018

Expenses

Up

$484,437

Up $5,367 (+1.1%) from 2018

Net Income

Up

-$28,669

Up $10,818 (+27%) from 2018

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

2019

Assets$54,383
Liabilities$218,806
Net Assets-$164,423

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

2019

Revenue$455,768
Expenses$484,437
Net Income-$28,669
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
May 22, 2020
Return Version
2018v3.1
Gross Receipts
$455,768
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$48,365$36,913▼ $11,452
Prepaid Expenses and Deferred Charges$8,949$9,096▲ $147
Accounts Receivable$13,897$8,374▼ $5,523
Total Assets$71,211$54,383▼ $16,828
Liabilities
Accounts Payable and Accrued Expenses$193,365$205,401▲ $12,036
Deferred Revenue$13,600$13,405▼ $195
Other Liabilities$0$0→ $0
Total Liabilities$206,965$218,806▲ $11,841
Net Assets / Fund Balance
Unrestricted Net Assets$-135,754$-164,423▼ $28,669
Total Net Assets Fund Balance$-135,754$-164,423▼ $28,669
Total Liabilities and Net Assets / Fund Balance$71,211$54,383▼ $16,828

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$550,000-▲ $22,146$22,146$550,000
2017$550,000-▲ $20,053$20,053$550,000
2016$550,000-▲ $27,466$27,466$550,000
2015$0$550,000▲ $13,300$13,300$550,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Stacia CampbellGeneral ManagerFT$91,500$91,500
Christopher WidmanProduction ManagerFT$60,500$60,500

Board Members and Trustees

NameTitle
Charles YarnoffChairman
Candy LeeDirector
Jamaica PonderDirector
Jeremy MullmanDirector
John ByrneDirector
Mike SzczepanekDirector
Paulina FiroziDirector
Rich GordonDirector
L Edward BryantSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$144,588
Program Service Revenue
$311,180
Investment Income
$0
Other Revenue
$0
All Other Contributions
$144,588
Change in Net Assets
$-28,669
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$288,658
Other Expenses$195,779
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$154,013$0$154,013
Other Salaries and Wages$80,126$0$0$80,126
Other Employee Benefits$0$29,615$0$29,615
Other Expenses$15,330$4,158$0$19,488
Payroll Taxes$2,151$11,782$0$13,933
Pension Plan Contributions$0$10,971$0$10,971
Travel$8,870$1,285$0$10,155
Advertising$9,316$399$0$9,715
Insurance$4,526$3,349$0$7,875
Office Expenses$4,280$1,111$0$5,391
Fees for Services Accounting$0$2,339$0$2,339
Total Functional Expenses$265,184$219,253$0$484,437
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$0
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
2020-05-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacia Campbell
Formed
1923
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
76
Volunteers
70

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 tothree 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/ProgramServiceRevenueGrp/Desc4Yearbook Senior Portraits
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0187006
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt132595
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt243248
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt320520
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt427810
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProgSrvcAccomActy2Grp/Desc0Provide educational opportunities for University students to publish annual University yearbook at Northwestern University.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt048804
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
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IRS990/PYTotalExpensesAmt0479070
IRS990/PYTotalRevenueAmt0439583
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Our bylaws stipulate that five of the eleven directors are appointed by the University President or his designee. 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
IRS990ScheduleA/InvestmentIncomeCYPct00
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IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0362167817
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0144588
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Northwestern University
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt0144588
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IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0550000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0550000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt022146
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt022146
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0550000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0550000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt020053
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt020053
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0550000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0550000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt027466
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt027466
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0550000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0550000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt013300
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt013300
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
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
IRS990ScheduleD/TotalLiabilityAmt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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 tothree 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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Northwestern University
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0362167817
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/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false

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