Illini Media Company
- Assets
- $660.5k
- Revenue
- $954.3k
- Investments
- $0.0
- Employees
- 155
- Location
- Champaign, IL
- Founding
- 07/1955
- Data as of
- 07/2022
- EIN
- 37-0341210
Organization Overview
Illini Media Company is located in Champaign, IL. The organization was established in 1955. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 07/2022, Illini Media Company employed 155 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illini Media Company 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 07/2022, Illini Media Company generated $954.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.1m during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ILLINI MEDIA IS COMMITTED TO PROVIDING AN UNSURPASSED EDUCATIONAL OPPORTUNITY FOR ITS STUDENT EMPLOYEES AND TO KEEPING THIS MISSION AT THE FOREFRONT OF ALL OUR INTERNAL DECISION-MAKING. OUR WELL-RUN, SUCCESSFUL COMPANY ALLOWS US TO OFFER A PROFESSIONAL, HANDS-ON, STUDENT-RUN LEARNING ENVIRONMENT, AND TO PROVIDE HIGH-QUALITY COMMUNICATION VEHICLES FOR READERS, LISTENERS AND VIEWERS THROUGHOUT OUR CAMPUS AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL EXPERIENCE FOR UNIVERSITY STUDENTS IN MEDIA PRODUCTION AND SALES CONSISTING OF A STUDENT NEWSPAPER, RADIO BROADCASTING, YEARBOOK AND A QUARTERLY STUDENT MAGAZINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arianna Williams Student Board Member | Trustee | 0.5 | $0 |
Bob Epstein Board Member | Trustee | 0.5 | $0 |
Carolina Garibay Board Member | Trustee | 0.5 | $0 |
Chris Evans Secretary | OfficerTrustee | 0.5 | $0 |
Chris Harlan President | OfficerTrustee | 0.5 | $0 |
Erik Riha Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The News-gazette Printing Services | 7/30/15 | $265,941 |
Roland Realty Rent For Office Space | 7/30/15 | $103,870 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $301,498 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $371,498 |
| Total Program Service Revenue | $582,762 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $954,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $449,757 |
| 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. | $146,667 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,301 |
| Pension plan accruals and contributions | $1,970 |
| Other employee benefits | $34,356 |
| Payroll taxes | $14,191 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,102 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $74,834 |
| Office expenses | $10,313 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,274 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,616 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,343 |
| Insurance | $20,374 |
| All other expenses | $4,333 |
| Total functional expenses | $1,138,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $370,267 |
| Savings and temporary cash investments | $46,604 |
| Pledges and grants receivable | $124,365 |
| Accounts receivable, net | $45,984 |
| 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 | $24,799 |
| Net Land, buildings, and equipment | $48,491 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $660,510 |
| Accounts payable and accrued expenses | $83,021 |
| Grants payable | $0 |
| Deferred revenue | $14,739 |
| 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 | $499,900 |
| Total liabilities | $597,660 |
| Net assets without donor restrictions | $38,351 |
| Net assets with donor restrictions | $24,499 |
| 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 | $660,510 |