State News
- Assets
- $9.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 105
- Location
- East Lansing, MI
- Founding
- 11/1972
- Data as of
- 06/2023
- EIN
- 38-1966279
Organization Overview
State News is located in East Lansing, MI. The organization was established in 1972. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, State News employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. State News 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 06/2023, State News generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PUBLICATION AND DISTRIBUTION OF NEWS FOR THE MSU COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PUBLICATION AND DISTRIBUTION OF A STUDENT NEWSPAPER WITHIN THE COMMUNITY OF MICHIGAN STATE UNIVERSITY AND TO SERVE AS A PRACTICUM FOR OVER 40,000 STUDENTS AND STAFF AT MICHIGAN STATE UNIVERSITY. 4,000 PAPERS ARE PRINTED BIWEEKLY DURING THE ACADEMIC YEAR AND DIGITAL COPIES ARE AVAILABLE DURING THE SUMMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Richert General Manager | Officer | 40 | $109,136 |
Maya Moore Director | Trustee | 0.5 | $0 |
Sam Klassa Director | Trustee | 0.5 | $0 |
Cindy Hudson Director | Trustee | 0.5 | $0 |
Judy Walgren Director | Trustee | 0.5 | $0 |
Jennifer Hagan Director | Trustee | 0.5 | $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 | $22,216 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,216 |
| Total Program Service Revenue | $1,092,972 |
| Investment income | $82,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $131,329 |
| 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 | $1,333,090 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $144,370 |
| Compensation of current officers, directors, key employees. | $22,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $358,653 |
| Pension plan accruals and contributions | $7,570 |
| Other employee benefits | $89,036 |
| Payroll taxes | $37,291 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,893 |
| Fees for services: Other | $44,173 |
| Advertising and promotion | $0 |
| Office expenses | $65,681 |
| Information technology | $119,009 |
| Royalties | $0 |
| Occupancy | $42,962 |
| Travel | $18,864 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,350 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $174,918 |
| Insurance | $27,258 |
| All other expenses | $0 |
| Total functional expenses | $1,491,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $786,015 |
| Savings and temporary cash investments | $670,476 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,136 |
| 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 | $9,622 |
| Net Land, buildings, and equipment | $5,569,359 |
| Investments—publicly traded securities | $2,476,462 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,565,070 |
| Accounts payable and accrued expenses | $39,795 |
| Grants payable | $0 |
| Deferred revenue | $115,953 |
| 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 | $155,748 |
| Net assets without donor restrictions | $9,409,322 |
| Net assets with donor restrictions | $0 |
| 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 | $9,565,070 |