Civic Intelligence

Independent Berkeley Student Publishing Co Inc

990 • Fiscal year 2019 • EIN 94-1749180

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 13, 2019

2483 Hearst AveBerkeley, CA 94709

(510) 548-8300

Siviq Scores

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

Liabilities / Assets

98th percentile

1.67x

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

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

64th percentile

0.17x

Higher debt load relative to revenue than 64% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Net Margin

28th percentile

-3.0%

Higher net margin than 28% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

85th percentile

$60,000

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2019

Asset Growth

91st percentile

38%

Faster asset growth than 91% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

16th percentile

-16%

Faster revenue growth than 16% of similar nonprofits.

2019 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$57,433

Up $15,749 (+38%) from 2018

Net Assets

Down

-$38,463

Down $17,468 (-83%) from 2018

Liabilities

Up

$95,896

Up $33,217 (+53%) from 2018

Revenue

Down

$580,510

Down $113,504 (-16%) from 2018

Expenses

Down

$597,978

Down $81,754 (-12%) from 2018

Net Income

Down

-$17,468

Down $31,750 (-222%) from 2018

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2011: $160,701Liabilities 2011: $143,495Net Assets 2011: $17,2062011Assets 2012: $141,938Liabilities 2012: $69,650Net Assets 2012: $72,2882012Assets 2013: $103,396Liabilities 2013: $77,019Net Assets 2013: $26,3772013Assets 2014: $111,616Liabilities 2014: $67,984Net Assets 2014: $43,6322014Assets 2015: $70,274Liabilities 2015: $36,341Net Assets 2015: $33,9332015Assets 2016: $46,302Liabilities 2016: $53,983Net Assets 2016: -$7,6812016Assets 2017: $29,574Liabilities 2017: $64,851Net Assets 2017: -$35,2772017Assets 2018: $41,684Liabilities 2018: $62,679Net Assets 2018: -$20,9952018Assets 2019: $57,433Liabilities 2019: $95,896Net Assets 2019: -$38,4632019Assets 2020: $103,492Liabilities 2020: $79,862Net Assets 2020: $23,6302020Assets 2021: $208,944Liabilities 2021: $185,756Net Assets 2021: $23,1882021Assets 2022: $135,003Liabilities 2022: $181,502Net Assets 2022: -$46,4992022Assets 2023: $186,126Liabilities 2023: $178,913Net Assets 2023: $7,2132023Assets 2024: $182,392Liabilities 2024: $171,490Net Assets 2024: $10,9022024

Highlighted filing

2019

Assets$57,433
Liabilities$95,896
Net Assets-$38,463

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $256,296Expenses 2011: $222,028Net Income 2011: $34,2682011Revenue 2012: $266,546Expenses 2012: $223,199Net Income 2012: $43,3472012Revenue 2013: $833,160Expenses 2013: $879,071Net Income 2013: -$45,9112013Revenue 2014: $934,199Expenses 2014: $916,944Net Income 2014: $17,2552014Revenue 2015: $761,471Expenses 2015: $771,170Net Income 2015: -$9,6992015Revenue 2016: $676,612Expenses 2016: $718,226Net Income 2016: -$41,6142016Revenue 2017: $674,885Expenses 2017: $702,481Net Income 2017: -$27,5962017Revenue 2018: $694,014Expenses 2018: $679,732Net Income 2018: $14,2822018Revenue 2019: $580,510Expenses 2019: $597,978Net Income 2019: -$17,4682019Revenue 2020: $587,384Expenses 2020: $525,291Net Income 2020: $62,0932020Revenue 2021: $406,681Expenses 2021: $407,123Net Income 2021: -$4422021Revenue 2022: $379,212Expenses 2022: $449,435Net Income 2022: -$70,2232022Revenue 2023: $608,865Expenses 2023: $555,570Net Income 2023: $53,2952023Revenue 2024: $632,078Expenses 2024: $628,323Net Income 2024: $3,7552024

Highlighted filing

2019

Revenue$580,510
Expenses$597,978
Net Income-$17,468
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$580,510
Mission and Program Overview

Mission

The Independent Berkeley Student Publishing Co., Inc. (The Daily Californian) is an independent newspaper that trains UC Berkeley students for careers in journalism and business. The paper and its digital products are the primary source for city and university news in Berkeley.

The Independent Berkeley Student Publishing Co., Inc. (The Daily Californian) is an independent newspaper that trains UC Berkeley students for careers in journalism and business.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$30,001$30,564▲ $563
Cash and Non-Interest-Bearing Accounts$3,223$18,396▲ $15,173
Prepaid Expenses and Deferred Charges$8,460$8,473▲ $13
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$41,684$57,433▲ $15,749
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$62,039$90,435▲ $28,396
Deferred Revenue$640$5,461▲ $4,821
Total Liabilities$62,679$95,896▲ $33,217
Net Assets / Fund Balance
Unrestricted Net Assets$-20,995$-38,463▼ $17,468
Total Net Assets Fund Balance$-20,995$-38,463▼ $17,468
Total Liabilities and Net Assets / Fund Balance$41,684$57,433▲ $15,749

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$174,680$174,680
Compensation and Service Providers

Employees

NameTitleBaseTotal
Matthews AllenDirector$60,000$60,000
Hu CoreyDirector$7,772$7,772
Shyamsundar HariniDirector$4,263$4,263
Motamedi SoofieDirector$884$884
Bell CamrynDirector$178$178

Board Members and Trustees

NameTitle
Lovas MichaelBoard Chair
Schacht LindaVice-Chair
Amin MariamDirector
Dowd KatieDirector
Lee RichardDirector
Lee SeungDirector
Pitcher MichelleDirector
Wilson LawrenceDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$231,811
Program Service Revenue
$348,644
Investment Income
$55
Other Revenue
$0
All Other Contributions
$136,899
Change in Net Assets
$-17,468
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$330,394
Other Expenses$267,584
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$224,587$20,041-$244,628
Current Officers, Directors, Trustees, and Key Employees$37,242$21,875-$59,117
All Other Expenses$14,886$15,403-$30,289
Insurance-$29,979-$29,979
Payroll Taxes$23,052$3,597-$26,649
Information Technology$18,654--$18,654
Other Expenses$30,626$12,656-$12,656
Office Expenses-$1,305-$1,305
Fees for Services Accounting-$1,000-$1,000
Travel$91--$91
Total Functional Expenses$464,272$133,706$0$597,978
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$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

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The draft 990 will be sent to each member for review prior to sending to the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization requires that officers, directors and key employees complete the conflict of interest policy upon recruitment and it requires that all officers, directors and key employees complete new conflicts of interest policy form.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Board independently reviews the compensation of similar positions in same geographic region when determining the compensation of the top management.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Board independently reviews the compensation of similar positions in same geographic region when determining the compensation of the key employees.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All documents, policies, and financial information required to be disclosed to the public is available upon request.

Filing and Contact Details

Filer

Filer Name
Independent Berkeley Student Publishing
EIN
94-1749180
Phone
5105488300
Address
2483 Hearst Ave, Berkeley, CA 94709

Signing Officer

Name
Soofie Motamedi
Title
EIC & President
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Soofie Motamedi
Formed
1973
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
12
Employees
155
Volunteers
156

Preparer

Firm
Iryna Ac
Address
1000 Broadway 200-G, Oakland, CA 94607
Preparer
Iryna Oreshkova CPA
Phone
5104679506
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IRS990/MissionDesc0The Independent Berkeley Student Publishing Co., Inc. (The Daily Californian) is an independent newspaper that trains UC Berkeley students for careers in journalism and business. The paper and its digital products are the primary source for city and university news in Berkeley.
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
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IRS990/OtherExpensesGrp/Desc0Printing and Publications
IRS990/OtherExpensesGrp/Desc1Newspaper Distribution
IRS990/OtherExpensesGrp/Desc2Leased Equipment
IRS990/OtherExpensesGrp/Desc3Payroll Processing Expense
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112656
IRS990/OtherExpensesGrp/ProgramServicesAmt0115134
IRS990/OtherExpensesGrp/ProgramServicesAmt130626
IRS990/OtherExpensesGrp/TotalAmt0115134
IRS990/OtherExpensesGrp/TotalAmt130626
IRS990/OtherExpensesGrp/TotalAmt227850
IRS990/OtherExpensesGrp/TotalAmt312656
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt020041
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0224587
IRS990/OtherSalariesAndWagesGrp/TotalAmt0244628
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IRS990/PayrollTaxesGrp/ProgramServicesAmt023052
IRS990/PayrollTaxesGrp/TotalAmt026649
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08460
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08473
IRS990/PrincipalOfficerNm0Soofie Motamedi
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0In Paper Advertising
IRS990/ProgramServiceRevenueGrp/Desc1Online Advertising
IRS990/ProgramServiceRevenueGrp/Desc2Other Program Income
IRS990/ProgramServiceRevenueGrp/Desc3Services
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0206977
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt199446
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt226721
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt315500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0206977
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt199446
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt226721
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt315500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0347117
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IRS990/PYTotalExpensesAmt0679732
IRS990/PYTotalRevenueAmt0694014
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-17468
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt094912
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0348644
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0174680
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0174680
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The draft 990 will be sent to each member for review prior to sending to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization requires that officers, directors and key employees complete the conflict of interest policy upon recruitment and it requires that all officers, directors and key employees complete new conflicts of interest policy form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board independently reviews the compensation of similar positions in same geographic region when determining the compensation of the top management.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board independently reviews the compensation of similar positions in same geographic region when determining the compensation of the key employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All documents, policies, and financial information required to be disclosed to the public is available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Daily Californian Education Fnd
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0943110529
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Raise Funds - Support Student Journalism
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509(A)(2)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02483 Hearst Ave
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Berkeley
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd094709
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt094912
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt159117
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Payroll report
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Daily Californian Education Fnd
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Daily Californian Education Fnd
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0c
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IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.82$1.71$0.11$6.32$6.28$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.86$1.79$0.07$6.09$5.56$0.53
2022Detailed filing. Detailed filing data is available for this year.$1.35$1.82$0.46$3.79$4.49$0.70
2021Detailed filing. Detailed filing data is available for this year.$2.09$1.86$0.23$4.07$4.07$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.03$0.80$0.24$5.87$5.25$0.62
2019Detailed filing. Detailed filing data is available for this year.$0.57$0.96$0.38$5.81$5.98$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.42$0.63$0.21$6.94$6.80$0.14
2017Detailed filing. Detailed filing data is available for this year.$0.30$0.65$0.35$6.75$7.02$0.28
2016Detailed filing. Detailed filing data is available for this year.$0.46$0.54$0.08$6.77$7.18$0.42
2015Detailed filing. Detailed filing data is available for this year.$0.70$0.36$0.34$7.61$7.71$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.12$0.68$0.44$9.34$9.17$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.77$0.26$8.33$8.79$0.46
2012Summary only. Only limited summary data is available for this year.$1.42$0.70$0.72$2.67$2.23$0.43
2011Summary only. Only limited summary data is available for this year.$1.61$1.43$0.17$2.56$2.22$0.34