Civic Intelligence

Alpha News

EIN 47-3178268 • 501(c)3 • Minnetonka, MN

Profile

Alpha news reports on issues relating to local, state, and federal government, as well as the people and personalities involved. Unlike traditional media, our programming goes beyond the headlines and focuses on issues of local interest that consistently go unreported.

13033 Ridgedale Drive No 101Minnetonka, MN 55305

alphanews.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.06x

Higher debt load relative to assets than 49% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.02x

Higher debt load relative to revenue than 35% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

56th percentile

7.4%

Higher net margin than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

83rd percentile

27%

Faster asset growth than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

87th percentile

57%

Faster revenue growth than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$488,711

Up $103,165 (+27%) from 2023

Liabilities

Up

$28,986

Up $9,250 (+47%) from 2023

Net Assets

Up

$459,725

Up $93,915 (+26%) from 2023

Operations
Liabilities / Revenue35th percentileNet Margin56th percentile

Revenue

Up

$1,275,766

Up $464,696 (+57%) from 2023

Expenses

Up

$1,181,851

Up $382,584 (+48%) from 2023

Net Income

Up

$93,915

Up $82,112 (+696%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth83rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2015: $4,296Liabilities 2015: $02015Assets 2016: $24,188Liabilities 2016: $0Net Assets 2016: $24,1882016Assets 2017: $23,459Liabilities 2017: $36Net Assets 2017: $23,4232017Assets 2018: $24,051Liabilities 2018: $36Net Assets 2018: $24,0152018Assets 2019: $26,969Liabilities 2019: $36Net Assets 2019: $26,9332019Assets 2020: $28,413Liabilities 2020: $36Net Assets 2020: $28,3772020Assets 2021: $152,755Liabilities 2021: $1,700Net Assets 2021: $151,0552021Assets 2022: $376,015Liabilities 2022: $11,356Net Assets 2022: $364,6592022Assets 2023: $385,546Liabilities 2023: $19,736Net Assets 2023: $365,8102023Assets 2024: $488,711Liabilities 2024: $28,986Net Assets 2024: $459,7252024

Highlighted filing

2024

Assets$488,711
Liabilities$28,986
Net Assets$459,725
Open 2024 Filing

Operations Trend

Revenue Growth87th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2015: $170,000Expenses 2015: $165,704Net Income 2015: $4,2962015Revenue 2016: $164,221Expenses 2016: $144,329Net Income 2016: $19,8922016Revenue 2017: $198,260Expenses 2017: $199,025Net Income 2017: -$7652017Revenue 2018: $156,417Expenses 2018: $155,825Net Income 2018: $5922018Revenue 2019: $175,935Expenses 2019: $165,017Net Income 2019: $10,9182019Revenue 2020: $331,071Expenses 2020: $329,627Net Income 2020: $1,4442020Revenue 2021: $599,031Expenses 2021: $476,353Net Income 2021: $122,6782021Revenue 2022: $951,393Expenses 2022: $737,789Net Income 2022: $213,6042022Revenue 2023: $811,070Expenses 2023: $799,267Net Income 2023: $11,8032023Revenue 2024: $1,275,766Expenses 2024: $1,181,851Net Income 2024: $93,9152024

Highlighted filing

2024

Revenue$1,275,766
Expenses$1,181,851
Net Income$93,915
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$488,711
Liabilities
$28,986
Net assets
$459,725
Revenue
$1,275,766
Expenses
$1,181,851
Net income
$93,915
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.49$0.03$0.46$1.28$1.18$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.39$0.02$0.37$0.81$0.80$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.38$0.01$0.36$0.95$0.74$0.21
2021Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.60$0.48$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.33$0.33$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.18$0.17$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.16$0.16$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.20$0.20$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.16$0.14$0.02
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.17$0.17$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.0
Gross Receipts
$1,275,766
Mission and Program Overview

Mission

Alpha News reports on issues relating to local, state, and federal government, as well as the people and personalities involved. Unlike traditional media, our programming goes beyond the headlines and focuses on issues of local interest that consistently go unreported.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$262,279-
Cash and Non-Interest-Bearing Accounts$385,546$202,250▼ $183,296
Accounts Receivable-$20,891-
Land, Buildings, and Equipment, Net-$3,291-
Total Assets$385,546$488,711▲ $103,165
Liabilities
Accounts Payable and Accrued Expenses$19,736$28,495▲ $8,759
Other Liabilities-$491-
Total Liabilities$19,736$28,986▲ $9,250
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$365,810$459,725▲ $93,915
Total Net Assets Fund Balance$365,810$459,725▲ $93,915
Total Liabilities and Net Assets / Fund Balance$385,546$488,711▲ $103,165

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,291$506$3,797
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth SheeranJournalistFT$152,646$152,646
Alex KharamPresidentFT$86,583$86,583

Board Members and Trustees

NameTitle
Amy ParishBoard Member
Scottt JohnsonBoard Member
Gregory PullesSecretary/tr
Chris KaufmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,242,658
Program Service Revenue
$0
Investment Income
$8,269
Other Revenue
$24,839
All Other Contributions
$1,242,658
Change in Net Assets
$93,915

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$28,800
Total Noncash Contributions1$28,800

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,275,766
Total Revenue per Audited Statements
$1,275,766
Total Revenue per Form 990
$1,275,766
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$711,250
Salaries, Compensation, and Employee Benefits$470,601
Total Fundraising Expense$30,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$332,751--$332,751
Advertising$332,129--$332,129
Fees for Services Other-$198,730-$198,730
Current Officers, Directors, Trustees, and Key Employees$86,583--$86,583
Office Expenses-$48,401$427$48,828
Payroll Taxes$40,572--$40,572
Fees for Services Legal-$30,900-$30,900
Conferences and Meetings--$30,073$30,073
Occupancy-$28,800-$28,800
Fees for Services Accounting-$27,400-$27,400
Other Employee Benefits-$10,695-$10,695
Insurance-$6,932-$6,932
Travel-$4,562-$4,562
Depreciation Depletion-$506-$506
Other Expenses-$193-$193
Total Functional Expenses$792,035$359,316$30,500$1,181,851

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,181,851
Total Expenses per Audited Statements$1,181,851
Total Expenses per Form 990$1,181,851
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
Credit Card$491
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Yes
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, Page 6, Part VI, Line 11B

“The board of directors is provided a copy of the 990 and votes for approval before filing.”

Form 990, Page 6, Part VI, Line 12C

“Any conflicts of interest are monitored at the monthly meetings and yearly reviews.”

Form 990, Page 6, Part VI, Line 15A

“The board obtains comparable salary information for other news organizations in the twin cities of saint paul and minneapolis. The board compares the performance of these news organizations with alpha news. The board evaluates the contribution of mr. Kharam to the alpha news organization, the effort he puts forth, and the results. The board asks mr. Kharam to disclose the work he does at alpha news and his llc. The board recuses mr. Kharam from the board meeting at which the board evaluates this information and makes a determination as to the appropriate level of compensation for mr. Kharam through his llc.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents and financial statements available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Alpha News
EIN
47-3178268
Phone
6513662460
Address
13033 RIDGEDALE DRIVE NO 101, MINNETONKA, MN 55305

Signing Officer

Name
Gregory Pulles
Title
Secretary/treasurer
Phone
6122766991
Signed
2025-11-11

Organization Details

Principal Officer
Gregory Pulles
Voting Board Members
5
Independent Board Members
5
Employees
7

Preparer

Firm
Olson Clough & Leblanc Ltd
Address
10580 WAYZATA BLVD STE 200, MINNETONKA, MN 55305-1525
Preparer
Darren J Mcadams
Phone
9525449600
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Alpha news reports on issues relating to local, state, and federal government, as well as the people and personalities involved. Unlike traditional media, our programming goes beyond the headlines and focuses on issues of local interest that consistently go unreported.”

Form 990, Part IX, Line 11G

“Subcontractors 0 135,940 0 consulting 0 38,629 0 professional fees - payroll 0 24,161 0 total 0 198,730 0”

Raw XML Appendix380 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALPHA NEWS REPORTS ON ISSUES RELATING TO LOCAL, STATE, AND FEDERAL GOVERNMENT, AS WELL AS THE PEOPLE AND PERSONALITIES INVOLVED. UNLIKE TRADITIONAL MEDIA, OUR PROGRAMMING GOES BEYOND THE HEADLINES AND FOCUSES ON ISSUES OF LOCAL INTEREST THAT CONSISTENTLY GO UNREPORTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS PROVIDED A COPY OF THE 990 AND VOTES FOR APPROVAL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY CONFLICTS OF INTEREST ARE MONITORED AT THE MONTHLY MEETINGS AND YEARLY REVIEWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OBTAINS COMPARABLE SALARY INFORMATION FOR OTHER NEWS ORGANIZATIONS IN THE TWIN CITIES OF SAINT PAUL AND MINNEAPOLIS. THE BOARD COMPARES THE PERFORMANCE OF THESE NEWS ORGANIZATIONS WITH ALPHA NEWS. THE BOARD EVALUATES THE CONTRIBUTION OF MR. KHARAM TO THE ALPHA NEWS ORGANIZATION, THE EFFORT HE PUTS FORTH, AND THE RESULTS. THE BOARD ASKS MR. KHARAM TO DISCLOSE THE WORK HE DOES AT ALPHA NEWS AND HIS LLC. THE BOARD RECUSES MR. KHARAM FROM THE BOARD MEETING AT WHICH THE BOARD EVALUATES THIS INFORMATION AND MAKES A DETERMINATION AS TO THE APPROPRIATE LEVEL OF COMPENSATION FOR MR. KHARAM THROUGH HIS LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SUBCONTRACTORS 0 135,940 0 CONSULTING 0 38,629 0 PROFESSIONAL FEES - PAYROLL 0 24,161 0 TOTAL 0 198,730 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GREGORY PULLES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06122766991
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALPHA NEWS
ReturnHeader/Filer/BusinessNameControlTxt0ALPH
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OLSON CLOUGH & LEBLANC LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010580 WAYZATA BLVD STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNETONKA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0553051525
ReturnHeader/PreparerPersonGrp/PhoneNum09525449600
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DARREN J MCADAMS
ReturnHeader/ReturnTs02025-11-12T15:10:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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