Civic Intelligence

The Minnesota Daily

990 • Fiscal year 2013 • EIN 41-1648598

Sep 01, 2012 to Aug 31, 2013 • Filed on Mar 24, 2014

2221 University Avenue SE 450Minneapolis, MN 55414
Siviq Scores

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

Liabilities / Assets

42nd percentile

0.07x

Higher debt load relative to assets than 42% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

37th percentile

0.05x

Higher debt load relative to revenue than 37% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

11th percentile

-25%

Higher net margin than 11% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

6th percentile

-20%

Faster asset growth than 6% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$1,223,101

Down $297,676 (-20%) from 2012

Net Assets

Down

$1,143,300

Down $353,513 (-24%) from 2012

Liabilities

Up

$79,801

Up $55,837 (+233%) from 2012

Revenue

$1,459,777

No earlier filing loaded for comparison.

Expenses

Up

$1,828,831

Up $89,930 (+5.2%) from 2012

Net Income

-$369,054

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,557,352Liabilities 2011: $38,511Net Assets 2011: $1,518,8412011Assets 2012: $1,520,777Liabilities 2012: $23,964Net Assets 2012: $1,496,8132012Assets 2013: $1,223,101Liabilities 2013: $79,801Net Assets 2013: $1,143,3002013Assets 2014: $1,057,617Liabilities 2014: $53,704Net Assets 2014: $1,003,9132014Assets 2015: $824,389Liabilities 2015: $18,286Net Assets 2015: $806,1032015Assets 2016: $686,744Liabilities 2016: $22,129Net Assets 2016: $664,6152016Assets 2017: $695,403Liabilities 2017: $40,731Net Assets 2017: $654,6722017Assets 2018: $803,462Liabilities 2018: $114,495Net Assets 2018: $688,9672018Assets 2019: $781,832Liabilities 2019: $142,463Net Assets 2019: $639,3692019Assets 2020: $812,509Liabilities 2020: $234,130Net Assets 2020: $578,3792020Assets 2021: $1,094,775Liabilities 2021: $132,908Net Assets 2021: $961,8672021Assets 2022: $985,054Liabilities 2022: $119,790Net Assets 2022: $865,2642022Assets 2023: $1,021,846Liabilities 2023: $162,385Net Assets 2023: $859,4612023Assets 2024: $1,063,137Liabilities 2024: $167,469Net Assets 2024: $895,6682024

Highlighted filing

2013

Assets$1,223,101
Liabilities$79,801
Net Assets$1,143,300

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $1,705,9552011Expenses 2012: $1,738,9012012Revenue 2013: $1,459,777Expenses 2013: $1,828,831Net Income 2013: -$369,0542013Revenue 2014: $1,604,348Expenses 2014: $1,794,884Net Income 2014: -$190,5362014Revenue 2015: $1,376,834Expenses 2015: $1,538,635Net Income 2015: -$161,8012015Revenue 2016: $1,287,557Expenses 2016: $1,423,914Net Income 2016: -$136,3572016Revenue 2017: $1,206,507Expenses 2017: $1,241,977Net Income 2017: -$35,4702017Revenue 2018: $1,184,522Expenses 2018: $1,151,329Net Income 2018: $33,1932018Revenue 2019: $1,167,608Expenses 2019: $1,185,221Net Income 2019: -$17,6132019Revenue 2020: $1,058,607Expenses 2020: $1,174,162Net Income 2020: -$115,5552020Revenue 2021: $1,318,573Expenses 2021: $962,854Net Income 2021: $355,7192021Revenue 2022: $1,092,149Expenses 2022: $1,030,758Net Income 2022: $61,3912022Revenue 2023: $1,055,494Expenses 2023: $1,124,735Net Income 2023: -$69,2412023Revenue 2024: $1,290,801Expenses 2024: $1,323,822Net Income 2024: -$33,0212024

Highlighted filing

2013

Revenue$1,459,777
Expenses$1,828,831
Net Income-$369,054
Jump To
Filing Snapshot
Filing Period
Sep 1, 2012 to Aug 31, 2013
Signed
Mar 24, 2014
Return Version
2012v2.1
Gross Receipts
$1,820,979
Mission and Program Overview

Mission

1. To provide coverage of news and events affecting the university community;2. To provide a forum for the communication and exchange of ideas for the university community.3. To provide educational training and experience to the university students in all areas of newspaper operations; and4. To operate a fiscally responsible organization that assures its ability to serve the university in the future.

Filing and Contact Details

Filer

EIN
41-1648598
Raw XML AppendixShowing 400 of 475 raw XML fields

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IRS990ScheduleD/ExpensesSubtotal01828831
IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0FIN 48 DISCLOSURE THE DAILY IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. CONTRIBUTIONS TO THE DAILY ARE TAX DEDUCTIBLE. THE DAILY REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE ENTITY IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE DAILY RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE DAILY HAS IDENTIFIED NO INCOME TAX UNCERTAINTIES. THE DAILY FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE IRS. THE DAILYS FEDERAL AND STATE TAX RETURNS ARE OPEN TO EXAMINATION FOR TAX YEARS 2010 THROUGH 2012.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART X, LINE 2:
IRS990ScheduleD/NetUnrealizedGainsInvestments015541
IRS990ScheduleD/RevenueNotRptdF990015541
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal01459777
IRS990ScheduleD/TotalExpensesPerForm99001828831
IRS990ScheduleD/TotalOfBookValueLandBuildings0167509
IRS990ScheduleD/TotalRevenuePerForm99001459777
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt01828831
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt01475318
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0THE ORGANIZATION AMENDED ITS BYLAWS FOR THE COMPOSITION OF THE BOARD OF DIRECTORS. THE ORGANIZATION CHANGED THE AMOUNT OF UNIVERSITY OF MINNESOTA STUDENT DIRECTORS TO FIVE, AND THE NUMBER OF NON-STUDENT DIRECTORS TO EIGHT.
IRS990ScheduleO/GeneralExplanation/Explanation1THE ORGANIZATION'S BUSINESS MANAGER AND PRESIDENT WILL REVIEW FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/GeneralExplanation/Explanation2CONFLICTS OF INTEREST ARE MONITORED AS THEY OCCUR AND ARE DEALT WITH ON A CASE BY CASE BASIS.
IRS990ScheduleO/GeneralExplanation/Explanation3COMPENSATION FOR THE PRESIDENT, BUSINESS MANAGER, AND EDITOR IS CHIEF (OPS) ARE DETERMINED BY VOTING AT THE BOARD OF DIRECTORS. OTHER MANAGERS COMPENSATION IS DETERMINED BY THE OP MEMBERS AND OTHER SENIOR MANAGERS.
IRS990ScheduleO/GeneralExplanation/Explanation4GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ONLINE AND ARE GIVEN IN-PERSON DURING ALL NEW EMPLOYEE ORIENTATION. FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION C, LINE 19
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MN
IRS990/StatesWhereCopyOfReturnIsFiled0MN
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine102221 UNIVERSITY AVENUE SE
IRS990/TheBooksAreInCareOf/AddressUS/City0MINNEAPOLIS
IRS990/TheBooksAreInCareOf/AddressUS/State0MN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode055414
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10THE ORGANIZATION
IRS990/TheBooksAreInCareOf/TelephoneNumber06126274080

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.17$0.90$1.29$1.32$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.16$0.86$1.06$1.12$0.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.12$0.87$1.09$1.03$0.06
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.09$0.13$0.96$1.32$0.96$0.36
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.81$0.23$0.58$1.06$1.17$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$0.14$0.64$1.17$1.19$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$0.11$0.69$1.18$1.15$0.03
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.04$0.65$1.21$1.24$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.69$0.02$0.66$1.29$1.42$0.14
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.02$0.81$1.38$1.54$0.16
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.06$0.05$1.00$1.60$1.79$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.08$1.14$1.46$1.83$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.02$1.50$1.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.04$1.52$1.71