Park Press Inc
- Assets
- $119.3k
- Revenue
- $206.4k
- Investments
- $0.0
- Employees
- 2
- Location
- St Paul, MN
- Founding
- 02/1976
- Data as of
- 06/2022
- EIN
- 51-0178125
Organization Overview
Park Press Inc is located in St Paul, MN. The organization was established in 1976. 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 06/2022, Park Press Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Press 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 06/2022, Park Press Inc generated $206.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $182.3k during the year ending 06/2022. While expenses have increased by 1.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PUBLISH A NEIGHBORHOOD NEWSPAPER TO REPORT & ANALYZE LOCAL NEWS, PROMOTE THE EXCHANGE OF IDEAS, EDUCATE THE COMMUNITY, PROVIDE A FORUM FOR DISCUSSION, & ENHANCE THE SENSE OF COMMUNITY & COMMUNITY PROBLEM-SOLVING.
Describe the Organization's Program Activity:
PUBLISHED & DISTRIBUTED 12 NEWSPAPER ISSUES (PRINT & ONLINE) TO INFORM READERS ABOUT ISSUES THAT PROMOTE THE WELFARE OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Carlson Editor | Officer | 20 | $32,260 |
Kristin Wiersma Co-Chair | OfficerTrustee | 2 | $0 |
Rosann Cahill Co-Chair | OfficerTrustee | 2 | $0 |
Steve Plagens Treasurer | OfficerTrustee | 2 | $0 |
Michael Smith Director | Trustee | 1 | $0 |
Josh Becerra Director | Trustee | 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 | $62,434 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,434 |
| Total Program Service Revenue | $143,976 |
| Investment income | $8 |
| 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 | $206,418 |
| 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. | $32,347 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,127 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,018 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,264 |
| Advertising and promotion | $7,768 |
| Office expenses | $1,979 |
| Information technology | $7,053 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $895 |
| All other expenses | $0 |
| Total functional expenses | $182,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,501 |
| Savings and temporary cash investments | $65,123 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,109 |
| 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 | $1,600 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $119,333 |
| Accounts payable and accrued expenses | $875 |
| 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 | $875 |
| Net assets without donor restrictions | $118,458 |
| 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 | $119,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Graywolf Press Minneapolis, MN | $6,471,480 | $4,234,529 |
National Scholastic Press Association Minneapolis, MN | $1,606,709 | $1,839,940 |
Minnpost Minneapolis, MN | $1,303,702 | $1,954,386 |
Wcij Inc Madison, WI | $2,099,123 | $1,902,825 |
Iowa State Daily Publication Ames, IA | $272,602 | $1,179,802 |
Student Publications Incorporated Iowa City, IA | $1,877,075 | $1,687,333 |
Coffee House Press Inc Minneapolis, MN | $1,101,126 | $1,040,761 |
Progressive Inc Madison, WI | $339,899 | $1,449,117 |
Center For Media And Democracy Inc Madison, WI | $1,991,473 | $1,140,052 |
Printing Industry Midwest Inc Golden Valley, MN | $3,370,388 | $722,427 |
The Society Of Gilbert Keith Chesterton Hopkins, MN | $173,650 | $743,302 |
Great Lakes Graphics Association Inc Pewaukee, WI | $1,005,677 | $664,445 |