Dth Publishing Corporation
- Assets
- $694.5k
- Revenue
- $787.8k
- Investments
- $0.0
- Employees
- 98
- Location
- Chapel Hill, NC
- Founding
- 03/1990
- Data as of
- 06/2022
- EIN
- 56-1247570
Organization Overview
Dth Publishing Corporation is located in Chapel Hill, NC. The organization was established in 1990. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Dth Publishing Corporation employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dth Publishing Corporation 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, Dth Publishing Corporation generated $787.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $614.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.8%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE STUDENTS ACADEMIC EXPERIENCE BY PUBLISHING A UNIVERSITY COMMUNITY NEWSPAPER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION TRAINED, COACHED AND MENTORED MORE THAN 200 UNC STUDENTS IN BROAD AND DEEP JOURNALISM AND BUSINESS SKILLS INVOLVED IN PUBLISHING PRINT AND DIGITAL NEWS AND INFORMATION CONSUMED BY THE UNC-CHAPEL HILL COMMUNITY. THE PRODUCTION AND PUBLICATION SCHEDULES WERE DETERMINED BY THE UNC ACADEMIC SCHEDULE SET BY THE UNC REGISTRAR. THE DAILY TAR HEEL NEWSPAPER PRINTS 9,000 COPIES EVERY WEDNESDAY WHEN CLASSES ARE IN SESSION AND PROVIDES A DIGITAL NEWS REPORT EACH WEEKDAY THAT CLASSES ARE IN SESSION. THE PRINTED COPIES ARE DELIVERED TO ABOUT 200 LOCATIONS ON UNCS CAMPUS AND SURROUNDING AREAS. DAILYTARHEEL.COM WAS VISITED BY 1.5 MILLION USERS FROM JULY 1, 2021 TO JUNE 30 2022. THE ORGANIZATION GAVE DIRECT FINANCIAL ASSISTANCE TO MORE THAN 80 STUDENTS OF $120,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney Mitchell General Manager | Officer | 40 | $81,200 |
Ray Palma President | OfficerTrustee | 0 | $0 |
Westbrook Maura Secretary | OfficerTrustee | 0 | $0 |
Pratyush Seshadri Vice President | OfficerTrustee | 0 | $0 |
Becca Segal Treasurer | OfficerTrustee | 0 | $0 |
Hailey Stiehl Director | Trustee | 0 | $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 | $246,592 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,592 |
| Total Program Service Revenue | $541,085 |
| Investment income | $127 |
| 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 | $787,804 |
| 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. | $80,000 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $186,176 |
| Pension plan accruals and contributions | $3,894 |
| Other employee benefits | $11,616 |
| Payroll taxes | $21,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,754 |
| Fees for services: Accounting | $13,655 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,237 |
| Office expenses | $4,232 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,800 |
| Travel | $4,667 |
| 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 | $552 |
| Insurance | $3,507 |
| All other expenses | $25,476 |
| Total functional expenses | $614,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,719 |
| Savings and temporary cash investments | $550,282 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,387 |
| 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 | $908 |
| Net Land, buildings, and equipment | $216 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,000 |
| Total assets | $694,512 |
| Accounts payable and accrued expenses | $10,369 |
| 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 | $10,369 |
| Net assets without donor restrictions | $684,143 |
| 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 | $694,512 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Dth Publishing Corporation has recieved totaling $6,417.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $242 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $150 |
Carolyn W And Charles T Beaird Family Foundation Shreveport, LA PURPOSE: OPERATING EXPENSES | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Methodist Church Methodist Publishing House Nashville, TN | $34,674,204 | $21,446,424 |
Gods World Publications Inc Asheville, NC | $5,264,725 | $11,160,512 |
Oak Spring Garden Foundation Upperville, VA | $320,424,904 | $24,563,668 |
Knoxville Leadership Foundation Knoxville, TN | $5,333,605 | $4,089,168 |
The R H Boyd Company Nashville, TN | $13,997,405 | $1,644,843 |
Arlington Catholic Herald Inc Arlington, VA | $2,675,214 | $2,744,696 |
Sword Of The Lord Foundation Murfreesboro, TN | $3,942,238 | $620,448 |
Pak7 Us Inc Greenville, SC | $134,015 | $887,145 |
Presbyterian Outlook Found Inc Richmond, VA | $657,059 | $780,760 |
Celebrating Grace Inc Macon, GA | $3,084,830 | $800,976 |
Fortify Your Faith Foundation Inc Jackson, TN | $1,806,781 | $1,011,958 |
Dth Publishing Corporation Chapel Hill, NC | $694,512 | $787,804 |