Independent Berkeley Student Publishing Co Inc
- Assets
- $186.1k
- Revenue
- $608.9k
- Investments
- $0.0
- Employees
- 145
- Location
- Berkeley, CA
- Founding
- 11/1974
- Data as of
- 06/2023
- EIN
- 94-1749180
Organization Overview
Independent Berkeley Student Publishing Co Inc is located in Berkeley, CA. The organization was established in 1974. 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 06/2023, Independent Berkeley Student Publishing Co Inc employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Berkeley Student Publishing Co Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2023, Independent Berkeley Student Publishing Co Inc generated $608.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $555.6k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE INDEPENDENT BERKELEY STUDENT PUBLISHING CO., INC. (THE DAILY CALIFORNIAN) IS AN INDEPENDENT NEWSPAPER THAT TRAINS UC BERKELEY STUDENTS FOR CAREERS IN JOURNALISM AND BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DAILY CAL EXISTS TO SERVE UC BERKELEY STUDENTS AND THE CAMPUS COMMUNITY.THE DAILY CAL GATHERS AND DISSEMINATES NEWS AND INFORMATION ABOUT THE UNIVERSITY AND CAMPUS LIFE.THE DAILY CAL PROVIDES STUDENTS RESUME-BUILDING JOBS AND AN UPWARD PROGRESSION OF WORK EXPERIENCES AND JOB TITLES.THE DAILY CAL TEACHES STUDENTS: JOURNALISM, AND HOW TO GATHER AND PRESENT NEWS AND INFORMATION FAIRLY AND CONCISELY; ADVERTISING, MARKETING AND FUNDRAISING; SALES OF GOODS AND SERVICES; BUSINESS SKILLS, FROM BASIC ACCOUNTING TO FINANCIAL ANALYSIS; MARKETING SKILLS (PRODUCT, POSITION, PLACEMENT, PRICE PROMOTION); MANAGEMENT AND LEADERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shok Katherine Eic & President | OfficerTrustee | 1 | $3,562 |
Gupta Kavya Eic & President | OfficerTrustee | 1 | $2,171 |
Roseborough Veronica Secretary | OfficerTrustee | 1 | $1,280 |
Wilson Larry Board Chair | OfficerTrustee | 2 | $0 |
Gage Linda Vice-Chair | OfficerTrustee | 2 | $0 |
Bell Darrin 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 | $487,374 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $487,374 |
| Total Program Service Revenue | $121,106 |
| Investment income | $385 |
| 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 | $608,865 |
| 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. | $7,013 |
| Compensation of current officers, directors, key employees. | $1,280 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $334,477 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,715 |
| Payroll taxes | $29,105 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,585 |
| Advertising and promotion | $0 |
| Office expenses | $19,741 |
| Information technology | $22,577 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,978 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,868 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,805 |
| All other expenses | $0 |
| Total functional expenses | $555,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,726 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,460 |
| 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 | $12,940 |
| 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 | $186,126 |
| Accounts payable and accrued expenses | $28,748 |
| Grants payable | $0 |
| Deferred revenue | $7,687 |
| 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 | $142,478 |
| Other liabilities | $0 |
| Total liabilities | $178,913 |
| Net assets without donor restrictions | $7,213 |
| 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 | $186,126 |