DAILY PENNSYLVANIAN INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
DAILY PENNSYLVANIAN INC (EIN 22-2546201)
Tax period
2023-07-01 to 2023-12-31
Filed
2024-11-15
IRS object ID
202423209349321612
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-15T15:52:11-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN231144520PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1TAIT WELLER & BAKER LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line150 SOUTH 16TH STREET SUITE 2900AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19102ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN222546201EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE DAILY PENNSYLVANIAN INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDAILBusinessNameControlTxt
Phone2154224640PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14015 WALNUT STREETAddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP191046198ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKATHERINE ROSSPersonNm
Person TitleINTERIM CFOPersonTitleTxt
Phone2154224640PhoneNum
Signature2024-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonHARRISON PEREIRAPreparerPersonNm
PTINP00746867PTIN
Phone2159798800PhoneNum
Preparation2024-11-15PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKATHERINE ROSSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14015 WALNUT STREETAddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP191046198ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$464,539GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.THEDP.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1885FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionTHE PUBLICATION OF THE UNIVERSITY OF PENNSYLVANIA'S INDEPENDENT STUDENT NEWSPAPER AND RELATED PUBLICATIONS.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee15TotalEmployeeCnt
Total Volunteers350TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,359,138PYContributionsGrantsAmt
CY Contributions Grants$281,769CYContributionsGrantsAmt
PY Program Service Revenue$226,261PYProgramServiceRevenueAmt
CY Program Service Revenue$140,654CYProgramServiceRevenueAmt
PY Investment Income$86,334PYInvestmentIncomeAmt
CY Investment Income$42,116CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,671,733PYTotalRevenueAmt
CY Total Revenue$464,539CYTotalRevenueAmt
PY Grants And Similar Paid$33,650PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$9,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$28,913PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$212,761CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$72,174CYTotalFundraisingExpenseAmt
PY Other Expenses$445,155PYOtherExpensesAmt
CY Other Expenses$260,404CYOtherExpensesAmt
PY Total Expenses$507,718PYTotalExpensesAmt
CY Total Expenses$482,165CYTotalExpensesAmt
PY Revenues Less Expenses$1,164,015PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$17,626CYRevenuesLessExpensesAmt
Total Assets BOY$4,134,972TotalAssetsBOYAmt
Total Assets EOY$4,136,954TotalAssetsEOYAmt
Total Liabilities BOY$227,534TotalLiabilitiesBOYAmt
Total Liabilities EOY$223,851TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,907,438NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,913,103NetAssetsOrFundBalancesEOYAmt
MissionTHE DAILY PENNSYLVANIAN EXISTS TO INFORM THE PENN COMMUNITY OF RELEVANT NEWS AND OPINION WHILE PROVIDING A TRAINING VEHICLE FOR STUDENTS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$330,820ExpenseAmt
Grant$9,000GrantAmt
Revenue$141,583RevenueAmt
DescTHE DAILY PENNSYLVANIAN IS THE INDEPENDENT STUDENT NEWSPAPER OF THE UNIVERSITY OF PENNSYLVANIA. PENN STUDENTS, FACULTY AND STAFF TURN TO 'THE DP' IN PRINT AND ONLINE AS THEIR SOURCE OF CAMPUS NEWS, SPORTS, OPINION, AND ARTS & ENTERTAINMENT INFORMATION. EDITORIAL DEPARTMENTS INCLUDE NEWS, SPORTS, OPINION, PHOTOGRAPHY, VIDEO, DESIGN, COPY, SOCIAL MEDIA, AND 34TH STREET MAGAZINE.Desc
Total Program Service Expenses$330,820TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document49IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee15EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KATHERINE ROSSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2154224640PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14015 WALNUT STREETAddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP191046198ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
JESSE ZHANG
PRESIDENT (FALL 2023)30.00Yes (X)Yes (X)$1,600$0$0
EMI TUYTNHI TRN
SECRETARY (FALL 2023)30.00Yes (X)$1,400$0$0
JOSHUA TRENCHARD
VICE PRESIDENT (FALL 2023)30.00Yes (X)Yes (X)$1,400$0$0
WALDEN GREEN
DIRECTOR (FALL 2023)20.00Yes (X)$1,400$0$0
MATTEO BUSTERNA
DIRECTOR20.00Yes (X)$1,400$0$0
KATHERINE ROSS
EXECUTIVE DIRECTOR (FALL 2023)40.00Yes (X)$94,073$0$103,979
DANIEL GINGISS
DIRECTOR (FALL 2023)4.00Yes (X)$0$0$0
UNNATI DASS SILVERMAN
DIRECTOR (FALL 2023)4.00Yes (X)$0$0$0
JULIA RUBIN
DIRECTOR (FALL 2023)4.00Yes (X)$0$0$0
JOHN PEYTON
DIRECTOR (FALL 2023)4.00Yes (X)$0$0$0
JEAN CHATZKY
DIRECTOR (FALL 2023)4.00Yes (X)$0$0$0
ROBERT CHASEN
DIRECTOR (FALL 2023)4.00Yes (X)$0$0$0
CHETAN MEHTA
DIRECTOR (FALL 2023)4.00Yes (X)$0$0$0
JONATHAN ZIMMAN
DIRECTOR (FALL 2023)4.00Yes (X)$0$0$0
STEVEN MOLBERGER
EXECUTIVE DIRECTOR (FALL 2023)40.00Yes (X)$122,931$0$8,402
CHARLES COHEN
DIRECTOR (FALL 2023)4.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$224,204TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$112,381TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$281,769AllOtherContributionsAmt
Total Contributions$281,769TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ADVERTISING REVENUES900099$129,289$129,289
SUBSCRIPTIONS, ETC.900099$11,365$11,365
FieldValueIRS element (for citing)
Total Program Service Revenue$140,654TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$42,116TotalRevenueColumnAmt
Exclusion$42,116ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$464,539TotalRevenueColumnAmt
Related Or Exempt Func Income$140,654RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$42,116ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$9,000TotalAmt
Program Services$9,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$124,937TotalAmt
Program Services$67,312ProgramServicesAmt
Management And General$18,783ManagementAndGeneralAmt
Fundraising$38,842FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$61,052TotalAmt
Program Services$32,892ProgramServicesAmt
Management And General$9,179ManagementAndGeneralAmt
Fundraising$18,981FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$6,305TotalAmt
Program Services$3,397ProgramServicesAmt
Management And General$948ManagementAndGeneralAmt
Fundraising$1,960FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$7,105TotalAmt
Program Services$3,828ProgramServicesAmt
Management And General$1,068ManagementAndGeneralAmt
Fundraising$2,209FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$13,362TotalAmt
Program Services$7,199ProgramServicesAmt
Management And General$2,009ManagementAndGeneralAmt
Fundraising$4,154FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$5,520TotalAmt
Management And General$5,520ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$18,232TotalAmt
Management And General$18,232ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$16,658TotalAmt
Management And General$16,658ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$113,177TotalAmt
Program Services$105,136ProgramServicesAmt
Management And General$3,434ManagementAndGeneralAmt
Fundraising$4,607FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$48,045TotalAmt
Program Services$45,469ProgramServicesAmt
Management And General$1,888ManagementAndGeneralAmt
Fundraising$688FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$16,925TotalAmt
Program Services$16,925ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$16,386TotalAmt
Program Services$15,508ProgramServicesAmt
Management And General$643ManagementAndGeneralAmt
Fundraising$235FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$14,160TotalAmt
Program Services$13,735ProgramServicesAmt
Management And General$425ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$11,301TotalAmt
Program Services$10,419ProgramServicesAmt
Management And General$384ManagementAndGeneralAmt
Fundraising$498FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$482,165TotalAmt
Program Services$330,820ProgramServicesAmt
Management And General$79,171ManagementAndGeneralAmt
Fundraising$72,174FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$521,444BOYAmt
EOY$387,505EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$910,000BOYAmt
EOY$203,013EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,275BOYAmt
EOY$125EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$217,871BOYAmt
EOY$120,781EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,431,549LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$673,274LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$4,848BOYAmt
EOY$1,758,275EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,298,191BOYAmt
EOY$1,531,975EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$179,343BOYAmt
EOY$135,280EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,134,972BOYAmt
EOY$4,136,954EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$42,302BOYAmt
EOY$68,816EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,464BOYAmt
EOY$15,296EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$183,768BOYAmt
EOY$139,739EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$227,534BOYAmt
EOY$223,851EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,498,427BOYAmt
EOY$3,559,878EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,409,011BOYAmt
EOY$353,225EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,907,438BOYAmt
EOY$3,913,103EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,134,972BOYAmt
EOY$4,136,954EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$17,626ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$23,291NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$120,072CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$216,488CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$312,614CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,389,138CurrentTaxYearMinus1YearAmt
Current Tax Year$281,769CurrentTaxYearAmt
Total$2,320,081TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$325,639CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$191,227CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$246,380CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$237,061CurrentTaxYearMinus1YearAmt
Current Tax Year$140,654CurrentTaxYearAmt
Total$1,140,961TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$445,711CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$407,715CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$558,994CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,626,199CurrentTaxYearMinus1YearAmt
Current Tax Year$422,423CurrentTaxYearAmt
Total$3,461,042TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,250CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$15,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$35,000CurrentTaxYearMinus2YearsAmt
Total$59,250TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,250CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$15,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$35,000CurrentTaxYearMinus2YearsAmt
Total$59,250TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$3,401,792PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$63,862CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$58,817CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$91,007CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$86,334CurrentTaxYearMinus1YearAmt
Current Tax Year$42,116CurrentTaxYearAmt
Total$342,136TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$63,862CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$58,817CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$91,007CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$86,334CurrentTaxYearMinus1YearAmt
Current Tax Year$42,116CurrentTaxYearAmt
Total$342,136TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$509,573CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$466,532CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$650,001CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,712,533CurrentTaxYearMinus1YearAmt
Current Tax Year$464,539CurrentTaxYearAmt
Total$3,803,178TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.89450PublicSupportCY509Pct
Public Support PY5090.83700PublicSupportPY509Pct
Investment Income CY0.09000InvestmentIncomeCYPct
Investment Income PY0.13560InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART III, SHORT YEAR EXPLANATION:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION CHANGED ITS TAX YEAR. THE CURRENT YEAR IS A SHORT YEAR ENDING 12/31/2023.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$353,071OtherCostOrOtherBasisAmt
Book Value$353,071BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,412,282OtherCostOrOtherBasisAmt
Depreciation$15,692DepreciationAmt
Book Value$1,396,590BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$230,640OtherCostOrOtherBasisAmt
Depreciation$230,640DepreciationAmt
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$435,556OtherCostOrOtherBasisAmt
Depreciation$426,942DepreciationAmt
Book Value$8,614BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,758,275TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescRIGHT-OF-USE LIABILITYDesc
Amt$139,739Amt
FieldValueIRS element (for citing)
Total Liability$139,739TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationMANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN FISCAL TAX YEARS (2020-2022) OR EXPECTED TO BE TAKEN IN THE ORGANIZATION'S FISCAL 2023 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPS AND AWARDSGrantTypeTxt
Recipient6RecipientCnt
Cash Grant$9,000CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE DAILY PENNSYLVANIAN GRANTS SCHOLARSHIPS TO UNIVERSITY OF PENNSYLVANIA STUDENTS UNDER TWO DIFFERENT PROGRAMS. SCHOLARSHIPS ARE PAID FROM ONE OF THE ORGANIZATION'S TEMPORARILY RESTRICTED FUNDS AND FROM ONE OF ITS BOARD-DESIGNATED FUNDS. ERIC JACOBS SCHOLARSHIPS ARE AWARDED TO STUDENTS WHO ARE ELECTED EDITORS OR MANAGERS AND WHO DEMONSTRATE FINANCIAL NEED. DONALD NEIMAN SCHOLARSHIPS ARE AWARDED TO FRESHMEN OR SOPHOMORES INTERESTED IN PURSUING CARREERS IN JOURNALISM. ELIGIBLE STUDENTS MUST BE CURRENT PENN STUDENTS WHO ARE VOLUNTEER WORKERS FOR THE DAILY PENNSYLVANIAN, AND MUST COMPLETE AN APPLICATION FORM. FROM AMONG APPLICANTS WHO MEET THE ENTRY CRITERA, SCHOLARSHIPS ARE AWARDED BY MEMBERS OF THE DAILY PENNSYLVANIAN ALUMNI ASSOCIATION IN CONSULTATION WITH SENIOR STUDENT LEADERS. EACH SCHOLARSHIP PAYMENT IS DOCUMENTED AS DISBURSEMENTS FROM THE RESPECTIVE FUNDS. THE DAILY PENNSYLVANIAN GIVES ANNUAL AWARDS TO STUDENT STAFF MEMBERS FOR EXCELLENCE IN BUSINESS, NEWS WRITING, OPINION WRITING, OVERALL WRITING AND PHOTOGRAPHY.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonKATHERINE ROSSPersonNm
TitleEXECUTIVE DIRECTOR (FALL 2023)TitleTxt
Base Compensation Filing Org$94,073BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$94,074DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$9,905NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$198,052TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE 990 IS ANNUALLY PRESENTED TO THE BOARD MEMBERS BEFORE FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CTHE DAILY PENNSYLVANIAN'S CONFLICT OF INTEREST POLICY IS ANNUALLY REVIEWED WITH NEWLY ELECTED BOARD MEMBERS. THE POLICY IS ALSO POSTED IN A DISPLAY CASE IN THE OFFICE. DUE TO THE NATURE OF OUR BUSINESS, BOARD MEMBERS GENERALLY ARE NOT IN THE POSITION TO GRANT CONTRACTS TO ANY VENDORS.
FORM 990, PART VI, SECTION B, LINE 15EACH DECEMBER, A COMPENSATION COMMITTEE (4 BOARD MEMBERS), WHO ARE NOT EMPLOYEES OF THE ORGANIZATION, MEETS TO PERFORM ANNUAL EVALUATIONS FOR ALL FULL-TIME EMPLOYEES AND TO SET COMPENSATION FOR THE UPCOMING CALENDAR YEAR.
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT ANY TIME DURING NORMAL BUSINESS HOURS.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1THE DAILY PENNSYLVANIAN FOUNDATION LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line14015 WALNUT STREETAddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19104ZIPCd
FieldValueIRS element (for citing)
EIN222546201EIN
Primary ActivitiesSTEWARDSHIP OF PROPERTY ON BEHALF OF DAILY PENNSYLVANIAN, INCPrimaryActivitiesTxt
Legal Domicile StatePALegalDomicileStateCd
Total Income$0TotalIncomeAmt
End Of Year Assets$80,000EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1THE DAILY PENNSYLVANIAN INCBusinessNameLine1Txt

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