Reader Institute For Community Journalism Inc
- Assets
- $580.5k
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 44
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2023
- EIN
- 84-3670420
Organization Overview
Reader Institute For Community Journalism Inc, operating under the name Chicago Reader, is located in Chicago, IL. 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 12/2023, Chicago Reader employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Reader 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 12/2023, Chicago Reader generated $3.4m in total revenue. All expenses for the organization totaled $3.8m during the year ending 12/2023.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
READER INSTITUTE FOR COMMUNITY JOURNALISM, INC. (RICJI) IS ORGANIZED AND OPERATED TO EDUCATE, ADVANCE, AND INFORM PUBLIC DISCOURSE THROUGH LOCAL, INDEPENDENT JOURNALISM IN THE GREATER CHICAGO METROPOLITAN AREA. RICJI OPERATES AND PUBLISHES THE CHICAGO READER, AN ALTERNATIVE NEWSPAPER, WHICH CREATES AND CURATES POLITICAL AND CULTURAL COVERAGE BY AND FOR CHICAGO, INCLUDING HIGHLIGHTING UNDERREPRESENTED COMMUNITIES AND STORIES. DURING 2023, RICJI ALSO OPERATED THE CHICAGO INDEPENDENT MEDIA ALLIANCE (CIMA).
Describe the Organization's Program Activity:
RESEARCH, ANALYZE, AND ENGAGE ON PUBLIC POLICY, CURRENT EVENTS, AND THE ARTS. ACCOMPLISHED THROUGH PUBLICATION OF THE CHICAGO READER INDEPENDENT COMMUNITY NEWSPAPER.
ENCOURAGE AND SUPPORT THE EXISTENCE AND ADDITION OF OTHER INDEPENDENT MEDIA OUTLETS IN THE CHICAGO AREA IN ADDITION TO THE CHICAGO READER. ACCOMPLISHED THROUGH THE OPERATION AND SUPPORT OF THE CHICAGO INDEPENDENT MEDIA ALLIANCE (CIMA), AN ALLIANCE OF 69 MEMBER ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Rhodes Board Chairwoman | OfficerTrustee | 5 | $0 |
Monique Brinkman-Hill Director | Trustee | 5 | $0 |
Juliette Buford Director | Trustee | 5 | $0 |
Robert Reiter Director | Trustee | 5 | $0 |
Jake Mikva Director | Trustee | 5 | $0 |
Christina Steed Director | Trustee | 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 | $1,477,404 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,477,404 |
| Total Program Service Revenue | $0 |
| Investment income | $770 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$31,723 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,360,024 |
| 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. | $196,414 |
| Compensation of current officers, directors, key employees. | $49,104 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,689,458 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $133,394 |
| Payroll taxes | $157,312 |
| Fees for services: Management | $59,195 |
| Fees for services: Legal | $62,071 |
| Fees for services: Accounting | $90,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $110,523 |
| Advertising and promotion | $34,339 |
| Office expenses | $40,862 |
| Information technology | $84,588 |
| Royalties | $0 |
| Occupancy | $9,600 |
| Travel | $8,999 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,078 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,780 |
| Insurance | $31,701 |
| All other expenses | $249,687 |
| Total functional expenses | $3,757,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,594 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $119,800 |
| Accounts receivable, net | $97,611 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,960 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $44,668 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,877 |
| Total assets | $580,510 |
| Accounts payable and accrued expenses | $221,669 |
| Grants payable | $0 |
| Deferred revenue | $75,287 |
| 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 | $255,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $83,507 |
| Total liabilities | $635,463 |
| Net assets without donor restrictions | -$307,487 |
| Net assets with donor restrictions | $252,534 |
| 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 | $580,510 |