Civic Intelligence

The Minnesota Daily

990 • Fiscal year 2015 • EIN 41-1648598

Sep 01, 2014 to Aug 31, 2015 • Filed on Jul 15, 2016

Organization ProfileWWW.MNDAILY.COM
2221 University Avenue SE 450Minneapolis, MN 55414

(612) 627-4080

Siviq Scores

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

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

19th percentile

-12%

Higher net margin than 19% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

38th percentile

$22,031

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

5th percentile

-22%

Faster asset growth than 5% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

18th percentile

-14%

Faster revenue growth than 18% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$824,389

Down $233,228 (-22%) from 2014

Net Assets

Down

$806,103

Down $197,810 (-20%) from 2014

Liabilities

Down

$18,286

Down $35,418 (-66%) from 2014

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin19th percentile

Revenue

Down

$1,376,834

Down $227,514 (-14%) from 2014

Expenses

Down

$1,538,635

Down $256,249 (-14%) from 2014

Net Income

Up

-$161,801

Up $28,735 (+15%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

2015

Assets$824,389
Liabilities$18,286
Net Assets$806,103
Open 2015 Filing

Operations Trend

Revenue Growth18th percentile

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

2015

Revenue$1,376,834
Expenses$1,538,635
Net Income-$161,801
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Jul 15, 2016
Return Version
2014v6.0
Gross Receipts
$1,604,207
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.

Educational training of students in all areas of newspaper operations

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$855,451$709,798▼ $145,653
Land, Buildings, and Equipment, Net$100,945$38,497▼ $62,448
Accounts Receivable$38,981$37,308▼ $1,673
Savings and Temporary Cash Investments$33,121$23,348▼ $9,773
Cash and Non-Interest-Bearing Accounts$28,845$9,586▼ $19,259
Prepaid Expenses and Deferred Charges$274$5,852▲ $5,578
Total Assets$1,057,617$824,389▼ $233,228
Liabilities
Accounts Payable and Accrued Expenses$40,374$13,366▼ $27,008
Deferred Revenue$13,330$4,920▼ $8,410
Total Liabilities$53,704$18,286▼ $35,418
Net Assets / Fund Balance
Unrestricted Net Assets$1,003,913$806,103▼ $197,810
Total Net Assets Fund Balance$1,003,913$806,103▼ $197,810
Total Liabilities and Net Assets / Fund Balance$1,057,617$824,389▼ $233,228

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$38,497$1,210,466$1,248,963
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Cody NelsonEditor in ChiefPT$22,031$22,031
Megan HernickBusiness Operations OfficerPT$19,012$19,012

Board Members and Trustees

NameTitle
Andreas QuinnBoard Chair
Alex KingDirector
Bob IngrassiaDirector
Charlie HoagDirector
Chuck BrownDirector
Gayle GoldenDirector
Jeanne ShedivyDirector
Mike ReszlerDirector
Ross AzevedoDirector
Rico TaingController
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,360,231
Investment Income
$16,603
Other Revenue
$0
Change in Net Assets
$-161,801

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,376,834
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-36,009
Total Revenue per Audited Statements
$1,340,825
Total Revenue per Form 990
$1,376,834
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$939,926
Salaries, Compensation, and Employee Benefits$598,709
Total Fundraising Expense$23,110
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$435,944$121,722-$557,666
Occupancy$190,105$110,894$15,842$316,841
Depreciation Depletion$37,469$21,857$3,122$62,448
Office Expenses$32,633$18,534$3,164$54,331
Current Officers, Directors, Trustees, and Key Employees$32,085$8,958-$41,043
Fees for Services Accounting-$36,177-$36,177
Insurance$11,792$6,879$982$19,653
Fees for Services Legal-$11,992-$11,992
Travel$6,875$4,099-$10,974
Other Expenses$129$6,742-$6,871
All Other Expenses$6,550$118-$6,668
Total Functional Expenses$1,093,991$421,534$23,110$1,538,635

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,538,635
Total Expenses per Audited Statements$1,538,635
Total Expenses per Form 990$1,538,635
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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

Governance Explanations

Form 990, Part VI, Section A, Line 4

“The organization revised its bylaws to define the board of directors duties and the number and composition of the board of directors.”

Form 990, Part VI, Section B, Line 11

“The organization's business manager and president will review form 990 before it is filed.”

Form 990, Part VI, Section B, Line 12C

“Conflicts of interest are monitored as they occur and are dealt with on a case by case basis.”

Form 990, Part VI, Section B, Line 15

“Compensation 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.”

Form 990, Part VI, Section C, Line 19

“Governing 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.”

Filing and Contact Details

Filer

Filer Name
The Minnesota Daily
EIN
41-1648598
Phone
6126274080
Address
2221 UNIVERSITY AVENUE SE 450, MINNEAPOLIS, MN 55414

Signing Officer

Name
Judy Riedl
Title
General Manager
Phone
6126274080
Signed
2016-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Judy Riedl
Formed
1988
Legal Domicile
Mn
Voting Board Members
11
Independent Board Members
9
Employees
237
Volunteers
9

Preparer

Firm
Olsen Thielen & Co Ltd
Address
2675 LONG LAKE ROAD, ST PAUL, MN 55113
Preparer
Linda M Nelson
Phone
6514834521
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Fin 48 disclosure the daily is exempt from federal and state 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 daily's federal and state tax returns are open to examination for tax years 2012 through 2014.”

Raw XML AppendixShowing 400 of 463 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc01. 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.
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-2321
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-36009
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt015842
IRS990/OccupancyGrp/ManagementAndGeneralAmt0110894
IRS990/OccupancyGrp/ProgramServicesAmt0190105
IRS990/OccupancyGrp/TotalAmt0316841
IRS990/OfficeExpensesGrp/FundraisingAmt03164
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt018534
IRS990/OfficeExpensesGrp/ProgramServicesAmt032633
IRS990/OfficeExpensesGrp/TotalAmt054331
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PRODUCTION
IRS990/OtherExpensesGrp/Desc1OTHER
IRS990/OtherExpensesGrp/Desc2PROMOTIONS/EVENTS
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt073562
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16742
IRS990/OtherExpensesGrp/ProgramServicesAmt0332385
IRS990/OtherExpensesGrp/ProgramServicesAmt1215
IRS990/OtherExpensesGrp/ProgramServicesAmt27809
IRS990/OtherExpensesGrp/ProgramServicesAmt3129
IRS990/OtherExpensesGrp/TotalAmt0332385
IRS990/OtherExpensesGrp/TotalAmt173777
IRS990/OtherExpensesGrp/TotalAmt27809
IRS990/OtherExpensesGrp/TotalAmt36871
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0121722
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0435944
IRS990/OtherSalariesAndWagesGrp/TotalAmt0557666
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0274
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05852
IRS990/PrincipalOfficerNm0JUDY RIEDL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0511110
IRS990/ProgramServiceRevenueGrp/BusinessCd1541800
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0SUBSCRIPTIONS
IRS990/ProgramServiceRevenueGrp/Desc1ADVERTISING REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0810551
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1536571
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt213109
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0810551
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1536571
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt213109
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt030755
IRS990/PYOtherExpensesAmt01037411
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01573593
IRS990/PYRevenuesLessExpensesAmt0-190536
IRS990/PYSalariesCompEmpBnftPaidAmt0757473
IRS990/PYTotalExpensesAmt01794884
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01604348
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-161801
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01360231
IRS990/SavingsAndTempCashInvstGrp/BOYAmt033121
IRS990/SavingsAndTempCashInvstGrp/EOYAmt023348
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt018924
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt028826
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt022956
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt026651
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt023402
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0120759
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01360231
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01573593
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01404257
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01669934
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01721753
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt07729768
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt018924
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt028826
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt022956
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt026651
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt023402
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0120759
IRS990ScheduleA/InvestmentIncomeCYPct00.01540
IRS990ScheduleA/InvestmentIncomePYPct00.01540
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.91570
IRS990ScheduleA/PublicSupportPY509Pct00.90280
IRS990ScheduleA/PublicSupportTotal509Amt07189117
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt056795
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt078951
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt086419
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0164604
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0153882
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0540651
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt056795
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt078951
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt086419
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0164604
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0153882
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0540651
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01360231
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01573593
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01404257
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01669934
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01721753
IRS990ScheduleA/Total509Grp/TotalAmt07729768
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01379155
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01602419
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01427213
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01696585
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01745155
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07850527
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt038497
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01210466
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01248963
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01538635
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-36009
IRS990ScheduleD/RevenueNotReportedAmt0-36009
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01376834
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 DISCLOSURE THE DAILY IS EXEMPT FROM FEDERAL AND STATE 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 DAILY'S FEDERAL AND STATE TAX RETURNS ARE OPEN TO EXAMINATION FOR TAX YEARS 2012 THROUGH 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt038497
IRS990ScheduleD/TotalExpensesPerForm990Amt01538635
IRS990ScheduleD/TotalRevenuePerForm990Amt01376834
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01340825
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01538635
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION REVISED ITS BYLAWS TO DEFINE THE BOARD OF DIRECTORS DUTIES AND THE NUMBER AND COMPOSITION OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S BUSINESS MANAGER AND PRESIDENT WILL REVIEW FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICTS OF INTEREST ARE MONITORED AS THEY OCCUR AND ARE DEALT WITH ON A CASE BY CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION 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/SupplementalInformationDetail/ExplanationTxt4GOVERNING 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/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01057617
IRS990/TotalAssetsEOYAmt0824389
IRS990/TotalAssetsGrp/BOYAmt01057617
IRS990/TotalAssetsGrp/EOYAmt0824389
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt0237
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt023110
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0421534
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01093991
IRS990/TotalFunctionalExpensesGrp/TotalAmt01538635

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$824,389
Liabilities
$18,286
Net assets
$806,103
Revenue
$1,376,834
Expenses
$1,538,635
Net income
-$161,801
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
2015Detailed filing. Detailed filing data is available for this year.$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