Eden Prairie Local News
- Assets
- $47.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Eden Prairie, MN
- Founding
- Data as of
- 06/2023
- EIN
- 85-4248265
Organization Overview
Eden Prairie Local News is located in Eden Prairie, MN. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eden Prairie Local 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, Eden Prairie Local News generated $140.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 34.5% each year . All expenses for the organization totaled $156.0k during the year ending 06/2023. 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
2023
Describe the Organization's Program Activity:
EDEN PRAIRIE LOCAL NEWS EPLN CONTINUES TO MATURE FROM AN ALL VOLUNTEER START-UP IN 2020 TO A DEVELOPED COMMUNITY NEWS SOURCE WITH FOUR PART-TIME EMPLOYEES 2.5 FULL TIME EQUIVALENTS INCLUDING TWO CO-EDITORS AND TWO REPORTERS PLUS FREELANCE CONTRACTORS AND VOLUNTEERS. IN ITS ROLE AS A PRIMARY SOURCE OF NON-PARTISAN LOCAL NEWS AND SPECIAL INTEREST ARTICLES TO ANYONE INTERESTED IN EDEN PRAIRIE MINNESOTA EPLN GREW ITS ON-LINE SUBSCRIBER COUNT 47% TO 2,803. DURING THE CURRENT FISCAL YEAR EPLN PUBLISHED 1,019 STORIES WHICH IS 58% MORE THAN LAST YEAR. THESE STORIES EVENT CALENDAR AND RELATED CONTENT ARE DISTRIBUTED VIA EMAIL AND SOCIAL MEDIA. AS A RESULT OF THIS DISTRIBUTION EPLN HAD 1,214,236 PAGE VIEWS WHICH WAS AN INCREASE OF 74% OVER THE PRIOR YEAR. EPLN PUBLISHED A 2022 ELECTION VOTER GUIDE WHICH WAS DISTRIBUTED TO ALL 26,000 HOUSEHOLDS IN EDEN PRAIRIE. IN THE CITY OF EDEN PRAIRIES QUALITY OF LIFE SURVEY 57% OR RESPONDENTS LISTED EPLN AS A PRIMARY NEWS SOURCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Schewe President - CEO | 30 | $0 | |
Nancy Tyra-Lukens Board Chair | 4 | $0 | |
Kelly Salwei Treasurer - CFO | 10 | $0 | |
Mark Weber Secretary | 2 | $60 | |
Ben Hymans Chief Technology Officer | 14 | $0 | |
Carol Bomben Vice Chair | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,715 |
| Total Program Service Revenue | $47,338 |
| Membership dues | $0 |
| Investment income | $37 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $140,090 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $73,490 |
| Professional fees and other payments to independent contractors | $27,779 |
| Occupancy, rent, utilities, and maintenance | $458 |
| Printing, publications, postage, and shipping | $20,538 |
| Other expenses | $33,707 |
| Total expenses | $155,972 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $44,311 |
| Other assets | $0 |
| Total assets | $47,872 |
| Total liabilities | $7,498 |
| Net assets or fund balances | $40,374 |