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Nonprofiteer
← SALT LAKE TRIBUNE INC

Form 990 for tax year 2023

Filed by SALT LAKE TRIBUNE INC.

Totals

Total revenue
$15,234,337
Total expenses
$15,165,207
Contributions and grants received
$3,382,847
Grants paid
$0
Program service revenue
$11,353,310
Investment income
$0
Other revenue
$498,180
Total assets, end of year
$1,967,693
Total liabilities, end of year
$3,284,555
Net assets or fund balances, end of year
-$1,316,862
Program services expenses (Part IX)
$9,789,296
Management and general expenses
$4,658,559
Fundraising expenses
$717,352
Program service expenses (Part III)
$9,789,296

Program services were 64.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,382,847

  • 2a · Program service revenue: SUBSCRIPTION REVENUE

    total $4,762,707 · related or exempt $4,762,707

  • 2b · Program service revenue: ADVERTISING REVENUE

    total $3,201,379 · unrelated business $3,201,379

  • 2c · Program service revenue: PFP

    total $1,219,437 · related or exempt $1,219,437

  • 2d · Program service revenue: DIGITAL AD REVENUE

    total $815,155 · unrelated business $815,155

  • 2e · Program service revenue: OBITUARIES

    total $702,442 · related or exempt $702,442

  • 2f · All other program service revenue

    total $652,190 · related or exempt $652,190

  • 6a · Gross rents

    real property $498,180

  • 6c · Rental income or loss

    real property $498,180

  • 6d · Net rental income or loss

    total $498,180 · related or exempt $498,180

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $833,116 · program services $561,835 · management and general $221,197 · fundraising $50,084

  • 7 · Other salaries and wages

    total $6,761,233 · program services $4,559,624 · management and general $1,795,147 · fundraising $406,462

  • 9 · Other employee benefits

    total $748,391 · program services $504,698 · management and general $198,702 · fundraising $44,991

  • 10 · Payroll taxes

    total $621,712 · program services $419,269 · management and general $165,068 · fundraising $37,375

  • 11b · Fees: legal

    total $67,859 · program services $45,763 · management and general $18,017 · fundraising $4,079

  • 11c · Fees: accounting

    total $64,694 · management and general $64,694

  • 11g · Fees: other

    total $50,063 · program services $33,761 · management and general $13,292 · fundraising $3,010

  • 12 · Advertising and promotion

    total $53,520 · program services $36,093 · management and general $14,210 · fundraising $3,217

  • 13 · Office expenses

    total $538,094 · program services $530,989 · management and general $5,793 · fundraising $1,312

  • 16 · Occupancy

    total $766,357 · program services $481 · management and general $765,833 · fundraising $43

  • 17 · Travel

    total $38,178 · program services $38,178

  • 22 · Depreciation, depletion and amortization

    total $12,682 · management and general $12,682

  • 23 · Insurance

    total $78,000 · management and general $78,000

  • 24a · Other expenses: ADVERTISING

    total $1,645,649 · program services $1,645,649

  • 24b · Other expenses: MISCELLANEOUS

    total $926,777 · management and general $926,777

  • 24c · Other expenses: PRINTING

    total $518,021 · program services $518,021

  • 24d · Other expenses: CIRCULATION

    total $502,976 · program services $339,196 · management and general $133,543 · fundraising $30,237

  • 24e · All other expenses

    total $937,885 · program services $555,739 · management and general $245,604 · fundraising $136,542

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $230,319 · end of year $820,763

  • 4 · Accounts receivable

    beginning of year $754,809 · end of year $948,645

  • 9 · Prepaid expenses and deferred charges

    end of year $77,558

  • 10a · Land, buildings and equipment: cost or other basis

    $118,216

  • 10b · Land, buildings and equipment: accumulated depreciation

    $47,489

  • 10c · Land, buildings and equipment, net

    beginning of year $83,410 · end of year $70,727

  • 15 · Other assets

    beginning of year $50,000 · end of year $50,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,014,598 · end of year $3,284,555

  • 27 · Net assets without donor restrictions

    beginning of year -$896,060 · end of year -$1,316,862

Mission and programs · 2023

Mission

THE TRIBUNE IS UTAH'S INDEPENDENT VOICE. BUILDING ON A LEGACY OF COURAGEOUS, WATCHDOG JOURNALISM, WE STRIVE TO TELL STORIES THAT ARE INTERESTING, IMPORTANT AND INCLUSIVE. DEDICATED TO FAIRNESS AND ACCURACY, WE AIM TO ENGAGE AND EMPOWER YOU - OUR READERS.

  • THE TRIBUNE WILL CONTINUE TO OFFER UNMATCHED REPORTING ON STATE AND LOCAL GOVERNMENT, THE ENVIRONMENT, RELIGION, SPORTS, CULTURE AND GROWTH. IT WILL ELEVATE SOLUTIONS-ORIENTED REPORTING AND IT WILL FOCUS ITS JOURNALISM ON THE PEOPLE AND PLACES THAT MAKE UTAH SPECIAL. AS A NONPROFIT, THE TRIBUNE'S EDITORIAL BOARD - WHICH OPERATES INDEPENDENT OF ITS NEWSROOM - DOES NOT ENDORSE CANDIDATES RUNNING FOR POLITICAL OFFICE.

    Expenses $9,789,296 · Revenue $15,298,740

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chris Stegman

    CHIEF REVENU

    Total calculated
    $481,293
    From this org
    $442,500
    From related orgs
    $0
    Other
    $38,793
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,000
    Bonus
    $217,500
    Other
    not reported
    Deferred
    $8,808
    Nontaxable benefits
    $29,985
    Filer's total
    $481,293
  • Lauren Gustus

    CEO

    Total calculated
    $351,822
    From this org
    $330,000
    From related orgs
    $0
    Other
    $21,822
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,000
    Bonus
    $30,000
    Other
    not reported
    Deferred
    $11,536
    Nontaxable benefits
    $10,286
    Filer's total
    $351,822
  • Jordyn Gallegos-Allen

    VP OF ADVERT

    Total calculated
    $247,385
    From this org
    $226,089
    From related orgs
    $0
    Other
    $21,296
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $90,000
    Bonus
    $136,089
    Other
    not reported
    Deferred
    $9,325
    Nontaxable benefits
    $11,971
    Filer's total
    $247,385
  • Justin Beam

    DIRECTOR PER

    Total calculated
    $206,558
    From this org
    $197,500
    From related orgs
    $0
    Other
    $9,058
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,000
    Bonus
    $22,500
    Other
    not reported
    Deferred
    $7,331
    Nontaxable benefits
    $1,727
    Filer's total
    $206,558
  • Danyelle White

    VP OF STRAT

    Total calculated
    $150,403
    From this org
    $138,492
    From related orgs
    $0
    Other
    $11,911
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,030
    Bonus
    $9,462
    Other
    not reported
    Deferred
    $5,520
    Nontaxable benefits
    $6,391
    Filer's total
    $150,403
  • Tessa Arneson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Randy Dryer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Fred Esplin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Jorge Fierro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Sarah George

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Paul C Huntsman

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    10
  • Tom Love

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Ashish Patel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Dave Patel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • James Shelledy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
7 August 2024
IRS schema version
2023v5.0
Source object
202412339349301036

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