Minnesota News Media Institute Inc
- Assets
- $1.8m
- Revenue
- $46.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 07/2011
- Data as of
- 12/2021
- 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 12/2021, Minnesota News Media Institute Inc generated $46.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $60.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.8%) per year over the past 7 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
2021
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 E & P PROGRAM WAS SUSPENDED IN 2021 DUE TO COVID. THIS EXCEPTIONAL PROGRAM, SPONSORED IN PART BY THE BLANDIN FOUNDATION, ENGAGES EDITORS AND PUBLISHERS FROM ALL BACKGROUNDS TO PARTICIPATE IN A YEAR-LONG STUDY OF COMMUNITY LEADERSHIP. THE E & P IS IN ITS FIFTEENTH 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 COMMUNITIES, HELPING THEM ADVANCE THE HEALTH AND VIBRANCY OF THEIR COMMUNITY.
TRANING FOR NEWS MEDIA PROFESSIONALS: ANNUALLY, MNI PRESENTS MORE THAN 30 TRAINING PROGRAMS, SEMINARS AND WEBINARS, REACHING MORE THAN 100 NEWS MEDIA PROFESSIONALS FROM A WIDE VARIETY OF MEDIA OUTLETS. THESE PROGRAMS COVER A BROAD RANGE OF TOPICS ESSENTIAL TO HELPING PROFESSIONALS IN THE FIELD IMPROVE THEIR JOB PERFORMANCE AND SERVE THEIR COMMUNITIES. ALL MNI TRAINING WERE OFFERED VIRTUALL IN 2021, TO MAKE THEM AS ACCESSIBLE AND AFFORDABLE TO ATTEND.
MNI INTERNSHIP PROGRAM: THIS PILOT PROGRAM LAUNCHED IN 2019 PROVIDING WAGE SUBSIDIES FOR HIGH SCHOOL OR COLLEGE AGED SUMMER INTERNS AT MEMBER NEWSPAPERS IN MINNESOTA. THE PROGRAM OFFERED TEN RANDOMLY SELECTED MNA MEMBER NEWSPAPERS A 75% SUBSIDY UP TO $1,000 REIMBURSEMENT FOR WAGES WITH THE GOAL OF HELPING THE STUDENT GAIN SKILLS NEEDED TO SUCCEED IN THE WORKFORCE AND ENCOURAGE THEM TO PURSUE CAREERS AS NEWS MEDIA PROFESSIONALS.
MINNESOTA NEWS MEDIA INSTITUTE WORKS WITH THE MINNESOTA NEWSPAPER ASSOCIATION TO PRESENT AN ANNUAL CONVENTION. THE CONVENTION WAS A TWO-DAY TRI-STATE, VIRTUAL EVENT IN 2021. NEWS MEDIA PROFESSIONALS AND STUDENTS WERE INVITED TO ATTEND TRAINING SESSIONS COVERING: INCREASING REVENUE; BEST PRACTICES; REPORTING; CIRCULATION; LEGAL ISSUES; PHOTOGRAPHY AND NEWSPAPER DESIGN. THE BETTER NEWSPAPER CONTEST AWARDS CELEBRATE EXCELLENCE BY RECOGNIZING AWARD WINNING NEWSPAPERS AND NEWS MEDIA PROFESSIONALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Lessman Vice President | OfficerTrustee | 1 | $0 |
Chad Koenen Chair | OfficerTrustee | 1 | $0 |
Kelly Boldan Treasurer | OfficerTrustee | 1 | $0 |
Chris Knight Chair | OfficerTrustee | 1 | $0 |
Diann Drew Vice President | OfficerTrustee | 1 | $0 |
Crystal Miller Vice President | OfficerTrustee | 1 | $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 | $8,194 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,194 |
| Total Program Service Revenue | $1,950 |
| Investment income | $35,570 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $283 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,043 |
| 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 | $504 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,912 |
| Fees for services: Other | $5,537 |
| Advertising and promotion | $0 |
| Office expenses | $1,116 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,988 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,250 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $132 |
| All other expenses | $0 |
| Total functional expenses | $60,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,227 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,745 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,531,795 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $112,952 |
| Total assets | $1,765,719 |
| Accounts payable and accrued expenses | $52,978 |
| 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 | $52,978 |
| Net assets without donor restrictions | $275,606 |
| Net assets with donor restrictions | $1,437,135 |
| 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 | $1,765,719 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Minnesota News Media Institute Inc has recieved totaling $84,000.
| Awarding Organization | Amount |
|---|---|
Charles K Blandin Foundation Grand Rapids, MN PURPOSE: PROJECT SUPPORT IN 2020-22 FOR EDITORS & PUBLISHERS COMMUNITY LEADERSHIP PROGRAM TO BUILD COMMUNITY LEADERSHIP CAPACITY IN RURAL MINNESOTA | $42,000 |
Charles K Blandin Foundation Grand Rapids, MN PURPOSE: PROJECT SUPPORT IN 2020-22 FOR EDITORS & PUBLISHERS COMMUNITY LEADERSHIP PROGRAM TO BUILD COMMUNITY LEADERSHIP CAPACITY IN RURAL MINNESOTA | $42,000 |
Endowment Analysis
| Beg. Balance | $1,023,311 |
| Earnings | $233,472 |
| Ending Balance | $1,256,783 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
St Paul City School St Paul, MN | $6,285,490 | $9,442,026 |
Iowa Association For The Education Of Young Children Inc Urbandale, IA | $815,186 | $7,200,490 |
East Dakota Educational Cooperative Sioux Falls, SD | $5,426,642 | $6,544,285 |
Wisconsin Center For Manufacturing And Productivity Inc Madison, WI | $1,793,408 | $5,861,220 |
Heritage Christian Schools Inc New Berlin, WI | $9,766,972 | $6,403,349 |
Minnesota Society Of Certified Public Accountants Bloomington, MN | $11,208,207 | $6,449,608 |
Wisconsin Eschool Network Inc Burlington, WI | $5,717,556 | $6,828,639 |
Grand View Christian School Association Inc Des Moines, IA | $3,097,175 | $6,383,728 |
Project Success-Students Undertaking Creative Control Minneapolis, MN | $9,553,286 | $4,323,696 |
Central Minnesota Christian School Prinsburg, MN | $18,739,916 | $5,096,698 |
The Milwaukee Teacher Education Center Inc West Allis, WI | $1,763,964 | $4,423,294 |