Minnesota News Media Institute Inc
- Assets
- $1.5m
- Revenue
- $45.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 07/2011
- Data as of
- 12/2022
- EIN
- 27-1628407
Organization Overview
Minnesota News Media Institute Inc is located in Minneapolis, MN. The organization was established in 2011. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota News Media Institute Inc 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 12/2022, Minnesota News Media Institute Inc generated $45.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $115.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATION AND PROFESSIONAL DEVELOPMENT FOR THE MINNESOTA NEWSPAPER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDITORS & PUBLISHERS COMMUNITY LEADERSHIP PROGRAM: MNI'S UNIQUE E&P PROGRAM, SPONSORED IN PART BY THE BLANDIN FOUNDATION, ENGAGES MINNESOTA EDITORS AND PUBLISHERS FROM ALL BACKGROUNDS TO PARTICIPATE IN A YEAR-LONG STUDY OF COMMUNITY LEADERSHIP AND HOW TO MAKE AND SUPPORT POSITIVE CHANGE IN THEIR COMMUNITIES. THE E & P IS IN ITS 17TH YEAR. AT ITS CORE, THE PROGRAM ASSISTS NEWSPAPER PUBLISHERS AND EDITORS IN DEVELOPING THEIR COMMUNITY LEADERSHIP AND VISION SKILLS USING THE BLANDIN FOUNDATION'S NINE DIMENSIONS OF A HEALTHY COMMUNITY. COHORTS LEARN THEY HAVE THE POWER TO FRAME ISSUES AND MOBILIZE ACTION. THE PROGRAM HELPS EDITORS AND PUBLISHERS DEVELOP AND STRENGTHEN SOCIAL CAPITAL WITHIN THEIR TOWNS, IN TURN HELPING THEM ADVANCE THE HEALTH AND VIBRANCY OF MINNESOTA RURAL COMMUNITIES.
ON-DEMAND AND IN-PERSON TRAINING FOR NEWS MEDIA PROFESSIONALS: ANNUALLY, MNI PRESENTS MORE THAN 30 TRAINING PROGRAMS, SEMINARS AND WEBINARS, REACHING OUR MEMBERS FROM WIDE VARIETY OF MEDIA OUTLETS. THESE PROGRAMS COVER A RANGE OF TOPICS ESSENTIAL TO HELPING PROFESSIONALS IN THE FIELD IMPROVE THEIR JOB PERFORMANCE AND SERVE THEIR COMMUNITIES. MNI SUPPORT CREATES NO-COST TRAINING OPPORTUNITIES FOR HUNDREDS OF SALES, EDITORIAL AND NEWS BUSINESS PROFESSIONALS THROUGH ONLINE MEDIA CAMPUS, DIGIVERSITY TV, MNI STUDENT SESSIONS AND IN-PERSON AND ONLINE MNI PROFESSIONAL SESSIONS.
CITIZEN JOURNALISM UNIVERSITY: CITIZEN JOURNALISM UNIVERSITY WAS LAUNCHED IN 2022 BY MNI, IN PARTNERSHIP WITH BETHEL UNIVERSITY'S JOURNALISM PROGRAM, IN RESPONSE TO AN OBVIOUS LABOR CRISIS AMONG MINNESOTA'S COMMUNITY NEWSPAPERS. CJU IS AN INTENSIVE, FIVE-WEEK ONLINE TRAINING PROGRAM THAT TAKES COMMUNITY MEMBERS FROM INTERESTED BYSTANDERS TO FLEDGLING REPORTERS WHO ARE EQUIPPED TO REPORT ON COMMUNITY TOPICS FOR THEIR SPONSORING NEWSPAPER. THE CJU COURSE IS TAUGHT ONLINE BY SEASONED MINNESOTA NEWSPAPER PROFESSIONALS AND BETHEL UNIVERSITY FACULT. STUDENTS ARE SUPPORTED THROUGHOUT BY VOLUNTEER MENTORS. TWENTY-THREE PEOPLE SUCCESSFULLY COMPLETED THE COURSE IN 2022 AND EARNED CERTIFICATION TO REPORT FOR MINNESOTA NEWSPAPERS. MNI PAYS HALF OF THE TUITION, SPONSORING NEWSPAPERS PAY THE OTHER HALF; THERE IS NO COST TO STUDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Koenen President | OfficerTrustee | 2 | $0 |
Justin Lessman Immediate Past President | OfficerTrustee | 2 | $0 |
Crystal Miller 1st Vice President | OfficerTrustee | 2 | $0 |
Diann Drew 2nd Vice President | OfficerTrustee | 2 | $0 |
Mark Weber 3rd Vice President Thru 07/22 | OfficerTrustee | 2 | $0 |
Tara Brandl 3rd Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,502 |
| Total Program Service Revenue | $1,349 |
| Investment income | $32,993 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,782 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,062 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $30,252 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $579 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,939 |
| Fees for services: Other | $9,693 |
| Advertising and promotion | $0 |
| Office expenses | $1,215 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,988 |
| Travel | $55 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,799 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $132 |
| All other expenses | $0 |
| Total functional expenses | $115,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,655 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,798 |
| 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 | $6,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,291,097 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,221 |
| Total assets | $1,480,271 |
| Accounts payable and accrued expenses | $58,227 |
| 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 | $58,227 |
| Net assets without donor restrictions | $255,446 |
| Net assets with donor restrictions | $1,166,598 |
| 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 | $1,480,271 |