Minnpost
- Assets
- $1.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 19
- Location
- Minneapolis, MN
- Founding
- 12/2007
- Data as of
- 12/2021
- EIN
- 26-0573427
Organization Overview
Minnpost is located in Minneapolis, MN. The organization was established in 2007. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Minnpost employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnpost is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Minnpost generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MINNPOST PRODUCES INDEPENDENT JOURNALISM TO SERVE AS A TRUSTED GUIDE FOR MINNESOTANS EXPLORING THE CRITICAL ISSUES, CHALLENGES AND OPPORTUNITIES FACING OUR STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINNPOST PRODUCES THOUGHTFUL, IN-DEPTH JOURNALISM ABOUT CIVIC AND CULTURAL AFFAIRS IMPACTING MINNESOTA. WE PUBLISH THIS COVERAGE AND MAKE IT AVAILABLE FOR FREE TO READERS THROUGH OUR WEBSITE AND OFFER FREE RE-PUBLICATION TO ANY MEMBER OF THE MINNESOTA NEWSPAPER ASSOCIATION. THROUGH OUR REPORTING, WE TAKE READERS BEYOND THE HEADLINES AND DEEP INTO THE ISSUES THAT MATTER THROUGH OUR PUBLIC-SERVICE JOURNALISM, EMPOWERING THEM TO ENGAGE IN THE POLITICS AND POLICY-MAKING SHAPING MINNESOTA'S FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Hutchinson Board Chair | OfficerTrustee | 1 | $0 |
Adair Mosley Vice Chair | OfficerTrustee | 1 | $0 |
Katie Cole Treasurer | OfficerTrustee | 1 | $0 |
Kari Ruth Secretary | OfficerTrustee | 1 | $0 |
Ellen Archibald Director | Trustee | 1 | $0 |
Aj Colianni Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $41,605 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,511,218 |
| Noncash contributions included in lines 1a–1f | $102,811 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,552,823 |
| Total Program Service Revenue | $294,846 |
| Investment income | $270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $105,895 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,954,386 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,024 |
| Compensation of current officers, directors, key employees. | $6,713 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $879,516 |
| Pension plan accruals and contributions | $15,102 |
| Other employee benefits | $42,688 |
| Payroll taxes | $71,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,308 |
| Fees for services: Accounting | $44,421 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $233,194 |
| Advertising and promotion | $3,371 |
| Office expenses | $32,149 |
| Information technology | $24,306 |
| Royalties | $0 |
| Occupancy | $69,062 |
| Travel | $4,080 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,306 |
| All other expenses | $8,891 |
| Total functional expenses | $1,720,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,235,634 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,162 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $38,381 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,525 |
| Total assets | $1,303,702 |
| Accounts payable and accrued expenses | $51,109 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $51,109 |
| Net assets without donor restrictions | $846,403 |
| Net assets with donor restrictions | $406,190 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,303,702 |