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Nonprofiteer
← ILLINI MEDIA COMPANY

Form 990 for tax year 2024

Filed by ILLINI MEDIA COMPANY.

Totals

Total revenue
$761,208
Total expenses
$923,265
Contributions and grants received
$163,323
Grants paid
$0
Program service revenue
$597,885
Investment income
$0
Other revenue
$0
Total assets, end of year
$781,403
Total liabilities, end of year
$1,001,547
Net assets or fund balances, end of year
-$220,144
Program services expenses (Part IX)
$725,686
Management and general expenses
$184,129
Fundraising expenses
$13,450
Program service expenses (Part III)
$725,686

Program services were 78.6% 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

    $163,323

  • 1g · Noncash contributions included above

    $7,519

  • 2a · Program service revenue: MEDIA SALES

    total $376,666 · related or exempt $376,666

  • 2b · Program service revenue: UIUC STUDENT FEES

    total $182,000 · related or exempt $182,000

  • 2c · Program service revenue: OTHER REVENUE

    total $39,219 · related or exempt $39,219

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $157,375 · program services $157,375

  • 7 · Other salaries and wages

    total $251,443 · program services $161,661 · management and general $76,472 · fundraising $13,310

  • 9 · Other employee benefits

    total $23,904 · program services $18,654 · management and general $5,250

  • 10 · Payroll taxes

    total $17,186 · program services $13,412 · management and general $3,774

  • 11b · Fees: legal

    total $11,265 · program services $10,364 · management and general $901

  • 11c · Fees: accounting

    total $19,759 · program services $18,178 · management and general $1,581

  • 12 · Advertising and promotion

    total $71,762 · program services $71,762

  • 13 · Office expenses

    total $18,547 · program services $14,057 · management and general $4,447 · fundraising $43

  • 14 · Information technology

    total $55,881 · program services $767 · management and general $55,114

  • 16 · Occupancy

    total $92,815 · program services $90,311 · management and general $2,504

  • 20 · Interest

    total $18,110 · program services $17,386 · management and general $724

  • 22 · Depreciation, depletion and amortization

    total $19,027 · program services $18,266 · management and general $761

  • 23 · Insurance

    total $27,005 · management and general $27,005

  • 24a · Other expenses: PRINTING AND PRODUCTION

    total $95,564 · program services $95,564

  • 24b · Other expenses: OTHER

    total $26,497 · program services $24,632 · management and general $1,768 · fundraising $97

  • 24c · Other expenses: EDITORIAL

    total $11,667 · program services $11,667

  • 24d · Other expenses: BANQUET

    total $3,828 · management and general $3,828

  • 24e · All other expenses

    total $1,630 · program services $1,630

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $256,659 · end of year $52,654

  • 2 · Savings and temporary cash investments

    beginning of year $126,891 · end of year $165,523

  • 3 · Pledges and grants receivable

    beginning of year $96,938 · end of year $96,937

  • 4 · Accounts receivable

    beginning of year $37,857 · end of year $94,098

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,939 · end of year $7,272

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

    $285,110

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

    $200,269

  • 10c · Land, buildings and equipment, net

    beginning of year $44,245 · end of year $84,841

  • 15 · Other assets

    beginning of year $320,279 · end of year $280,078

  • 17 · Accounts payable and accrued expenses

    beginning of year $115,995 · end of year $213,734

  • 19 · Deferred revenue

    beginning of year $30,131 · end of year $12,317

  • 25 · Other liabilities

    beginning of year $824,633 · end of year $775,496

  • 27 · Net assets without donor restrictions

    beginning of year -$104,521 · end of year -$254,053

  • 28 · Net assets with donor restrictions

    beginning of year $29,570 · end of year $33,909

Mission and programs · 2024

Mission

ILLINI MEDIA IS COMMITTED TO PROVIDING AN UNSURPASSED EDUCATIONAL OPPORTUNITY FOR ITS STUDENT EMPLOYEES AND TO KEEPING THIS MISSION AT THE FOREFRONT OF ALL OUR INTERNAL DECISION-MAKING. OUR WELL-RUN, SUCCESSFUL COMPANY ALLOWS US TO OFFER A PROFESSIONAL, HANDS-ON, STUDENT-RUN LEARNING ENVIRONMENT, AND TO PROVIDE HIGH-QUALITY COMMUNICATION VEHICLES FOR READERS, LISTENERS AND VIEWERS THROUGHOUT OUR CAMPUS AND COMMUNITY.BY OFFERING COMPREHENSIVE TRAINING, PROVIDING CURRENT TOOLS AND RESOURCES, AND CREATING A CHALLENGING, FAST-PACED ENVIRONMENT, ILLINI MEDIA HELPS CREATE HIGHLY SOUGHT AFTER JOURNALISTS, BROADCASTERS, AND MANAGERS. WHILE OUR STUDENTS LEAD OUR DAILY MEDIA OPERATIONS, THEY LEARN THE RESPONSIBILITY OF MAKING INDEPENDENT DECISIONS AND GAIN AN UNDERSTANDING AND RESPECT FOR CHERISHED FREEDOM OF EXPRESSION PRINCIPLES AND ETHICAL BUSINESS PRACTICES.

Activities or mission (Part I)

ILLINI MEDIA IS COMMITTED TO PROVIDING AN UNSURPASSED EDUCATIONAL OPPORTUNITY FOR ITS STUDENT EMPLOYEES AND TO KEEPING THIS MISSION AT THE FOREFRONT OF ALL OUR INTERNAL DECISION-MAKING. OUR WELL-RUN, SUCCESSFUL COMPANY ALLOWS US TO OFFER A PROFESSIONAL, HANDS-ON, STUDENT-RUN LEARNING ENVIRONMENT, AND TO PROVIDE HIGH-QUALITY COMMUNICATION VEHICLES FOR READERS, LISTENERS AND VIEWERS THROUGHOUT OUR CAMPUS AND COMMUNITY.

  • EDUCATIONAL EXPERIENCE FOR UNIVERSITY STUDENTS IN MEDIA PRODUCTION AND SALES CONSISTING OF A STUDENT NEWSPAPER, RADIO BROADCASTING, YEARBOOK AND A QUARTERLY STUDENT MAGAZINE.

    Expenses $725,686 · Revenue $597,885

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bob Epstein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Carolina Garibay

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Erik Riha

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Owens

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jim Schlueter

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Julie Wurth Asmussen

    BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Molly Cornyn

    BOARD MEMBER (THRU 10/25)

    Total calculated
    $0
    Hours/week
    2

  • Lil Levant

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Johnathan Hettinger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jj Kim

    STUDENT BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Melissa Pasco

    BUSINESS DIRECTOR

    Total calculated
    $101,802
    From this org
    $101,802
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jake Williams

    EXECUTIVE DIRECTOR/CEO

    Total calculated
    $77,125
    From this org
    $77,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
17 July 2026
IRS schema version
2024v5.5
Source object
202622259349301432

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