2023-11-14T10:14:36-06:00 2023-06-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2022-07-01 874304197 CHICAGO SUN-TIMES MEDIA INC CHIC 3123213000 848 EAST GRAND AVENUE NAVY PIER CHICAGO IL 60611 MATTHEW MOOG PRESIDENT 3123213000 2023-11-09 1 MATTHEW MOOG 999009999 1 LU ANN TRAPP P01506476 3122071040 2023-11-03 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MATTHEW MOOG 848 EAST GRAND AVENUE NAVY PIER CHICAGO IL 60611 40381982 0 X HTTPS://CHICAGO.SUNTIMES.COM X 2022 DE CHICAGO SUN-TIMES MEDIA PROVIDES NEWS AND INFORMATION THROUGH LOCAL AND INDEPENDENT JOURNALISM. 5 4 188 4 8514491 0 32107702 10330920 12978866 29674072 125224 50370 86459 326620 45298251 40381982 0 0 0 0 6489875 16584076 0 0 4168406 9045238 22081141 15535113 38665217 29763138 1716765 31334481 32946942 5361476 5257177 25973005 27689765 X CHICAGO SUN-TIMES MEDIA PROVIDES NEWS AND INFORMATION TO EDUCATE AND INFORM THE PUBLIC VIA PRINT AND DIGITAL PLATFORMS THROUGH LOCAL AND INDEPENDENT JOURNALISM AND RELATED CONTENT. 0 1 30679861 21412833 CHICAGO SUN-TIMES MEDIA IS A 501(C)(3) CHARITABLE ORGANIZATION THAT SERVES THE PUBLIC INTEREST BY EDUCATING THE PUBLIC THROUGH LOCAL AND INDEPENDENT JOURNALISM AND RELATED CONTENT VIA PRINT AND DIGITAL PUBLICATIONS, WEBSITES, MOBILE APPS, SOCIAL MEDIA, AND COMMUNITY ENGAGEMENT. IN SO DOING, CHICAGO SUN-TIMES MEDIA SEEKS AT ALL TIMES TO PROVIDE AND AMPLIFY A RANGE OF DIVERSE AND COMPELLING PERSPECTIVES REGARDING ISSUES THAT MATTER TO THE COMMUNITY. 30679861 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 86 0 1 188 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 0 0 0 CA IL IN MI NY WI X X RINA DEDHIA 3129484634 848 EAST GRAND AVENUE CHICAGO IL 60611 MATTHEW MOOG BOARD CHAIR 14.00 26.00 X X 0 598785 34525 ADRIENNE KING DIRECTOR 1.25 1.25 X 0 0 0 LERRY J KNOX JR DIRECTOR 1.25 1.25 X 0 0 0 KRISTEN MACK DIRECTOR 1.25 0.00 X 0 0 0 ARETAE WYLER DIRECTOR 1.25 0.00 X 0 0 0 NYKIA WRIGHT CEO (THRU 2/2023) 40.00 0.00 X 367026 0 407528 RINA DEDHIA TREASURER 12.00 28.00 X 0 326581 35370 CYNTHIA PHOTOS ABBOTT SECRETARY 13.00 27.00 X 0 270755 26777 STEVEN E WARMBIR INTERIM EDITOR IN CHIEF(THRU 6/2022) 40.00 0.00 X 191829 0 1556 MARY T HOFFMAN VP OF ADVERTISING 40.00 0.00 X 188766 0 7286 BRIAN M WATSON CHIEF DIGITAL OFFICER 40.00 0.00 X 162191 0 1548 LYNN D SWEET WASHINGTON BUREAU CHIEF 40.00 0.00 X 159362 0 2466 MARY A MITCHELL COLUMNIST 40.00 0.00 X 152136 0 1227 CRISTINA ESCOBEDO CONTROLLER 40.00 0.00 X 150854 0 6300 FRAN S STONE CITY HALL REPORTER 40.00 0.00 X 146656 0 1310 1518820 1196121 525893 18 0 1 0 G&R PUBLIC LAW & STRATEGIES LLC 20 SOUTH CLARK ST - SUITE 1620 CHICAGO IL 60603 LEGAL SERVICES 390000 VOX MEDIA LLC PO BOX 200064 PITTSBURGH PA 15251 SOFTWARE LICENSING SALES 257500 MILLENNIAL SERVICES LLC 3338 MARQUETTE TRAIL MICHIGAN CITY IN 46360 INBOUND CIRCULATION CALL CENTER 181997 MNJ TECHNOLOGY SERVICES LLC PO BOX 771867 CHICAGO IL 60677 COLOCATION DATA CENTER 141438 ANDREW BOUNDS 125 INDIANAPOLIS CT MANTECA CA 95337 RETENTION TELEMARKETING SERVICES 139679 6 10330920 10330920 CIRCULATION REVENUE 513110 20710996 20710996 PRINT & DIGITAL ADVERTISING 513110 8514491 8514491 WIRE SERVICE REVENUE 513110 388585 388585 PRODUCTION & STUDIO REVENUE 513110 60000 60000 29674072 253252 253252 50370 0 50370 50370 50370 OTHER REVENUE 900099 73368 73368 73368 40381982 21412833 8514491 123738 X 2488141 1128415 836593 523133 11919639 9368927 1393223 1157489 1140850 764440 231394 145016 1035446 693812 210016 131618 892351 596955 295396 147234 77574 69660 6449174 5898800 136714 413660 841106 268818 572288 341274 235943 77857 27474 1536164 960444 274866 300854 1044877 803257 136947 104673 401751 371995 20156 9600 69651 45563 24088 152520 117248 19992 15280 343254 263873 44992 34389 PRINTING & DISTRIBUTION 7404202 7303166 101036 2457583 1780631 45056 631896 38665217 30679861 3816950 4168406 5052840 8083485 19762382 12871158 1202044 1284389 569312 419979 583656 222730 128020 360926 4619883 9927005 31334481 32946942 2076780 2084343 3266889 3172834 17807 0 5361476 5257177 X 25973005 8626262 19063503 25973005 27689765 31334481 32946942 X 1716765 -5 X 0 1 X 1 0 X 32107702 10330920 42438622 32107702 10330920 42438622 28838672 13599950 67273 253252 320525 19186 123735 142921 42902068 34138447 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 583656 222730 360926 360926 DUE FROM AFFILIATE 9927005 9927005 X 41563943 1232333 1232333 40331610 50372 50372 40381982 39897548 1232333 1232333 38665215 2 2 38665217 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME. ALL ENTITIES ARE SUBJECT TO TAXES ON UNRELATED BUSINESS INCOME. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION, IF ANY, ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE REPORTING PERIODS PRESENTED IN THESE FINANCIAL STATEMENTS. THE ORGANIZATION FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF ILLINOIS AND IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR TAX YEARS BEFORE 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: NON-OPERATING - GAIN ON DISPOSAL OF ASSETS 50,370. ROUNDING 2. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 2. 1 0 0 0 0 0 0 1 0 NYKIA WRIGHT CEO (THRU 2/2023) 367026 0 0 0 0 0 400000 0 7528 0 774554 0 0 0 MATTHEW MOOG BOARD CHAIR 0 449193 0 149592 0 0 0 12200 0 22325 0 633310 0 0 RINA DEDHIA TREASURER 0 293331 0 33250 0 0 0 12200 0 23170 0 361951 0 0 CYNTHIA PHOTOS ABBOTT SECRETARY 0 237505 0 33250 0 0 0 10570 0 16207 0 297532 0 0 MARY T HOFFMAN VP OF ADVERTISING 131151 0 57615 0 0 0 0 0 7286 0 196052 0 0 0 STEVEN E WARMBIR INTERIM EDITOR IN CHIEF(THRU 6/2022) 81829 0 0 0 110000 0 0 0 1556 0 193385 0 0 0 BRIAN M WATSON CHIEF DIGITAL OFFICER 162191 0 0 0 0 0 0 0 1548 0 163739 0 0 0 LYNN D SWEET WASHINGTON BUREAU CHIEF 159362 0 0 0 0 0 0 0 2466 0 161828 0 0 0 CRISTINA ESCOBEDO CONTROLLER 150854 0 0 0 0 0 0 0 6300 0 157154 0 0 0 MARY A MITCHELL COLUMNIST 152136 0 0 0 0 0 0 0 1227 0 153363 0 0 0 PART I, LINE 3 AS PART OF THE TRANSACTION TO ACQUIRE THE CHICAGO SUN-TIMES, INC ASSETS DURING 2022, CHICAGO SUN-TIMES MEDIA, INC. ASSUMED THE COMPENSATION RATE PAID TO THE CEO. FOR THE YEAR ENDING JUNE 30, 2023, COMPENSATION REVIEW PROCEDURES WERE PERFORMED BY RELATED ORGANIZATION, CHICAGO PUBLIC MEDIA, INC. (CPM) FOLLOWING THE DEPARTURE OF THE PRIOR CEO IN FEBRUARY 2023, THE TOP MANAGEMENT OFFICIAL OF THE ORGANIZATION WAS PAID PURSUANT TO CPM'S COMPENSATION PROCEDURES. USING THE FOLLOWING PROCEDURES, THE COMPENSATION COMMITTEE OF THE CPM BOARD OF DIRECTORS, COMPRISED OF INDEPENDENT DIRECTORS, REVIEWED AND APPROVED THE COMPENSATION OF THE CEO AND REVIEWED THE ADEQUACY AND REASONABLENESS OF THE COMPENSATION OF THE SENIOR EXECUTIVES. THE PROCESS INCLUDED REVIEW OF A REPORT PREPARED BY AN INDEPENDENT CONSULTANT ANALYZING COMPENSATION DATA FROM COMPARABLE ORGANIZATIONS. THE ORGANIZATION HIRES AN INDEPENDENT COMPENSATION CONSULTANT TO PREPARE THE ABOVE MENTIONED REPORT ONCE EVERY TWO TO THREE YEARS. THE REPORT IS UPDATED ANNUALLY. THE DELIBERATIONS AND DECISIONS OF THE COMPENSATION COMMITTEE ARE DOCUMENTED IN THE COMPENSATION COMMITTEE'S MEETING MINUTES. THE COMPENSATION COMMITTEE MET IN AUGUST 2022 AND 2023 TO REVIEW CEO AND SENIOR EXECUTIVE COMPENSATION. PROSPECTIVELY, THE BOARD OF DIRECTORS OF CHICAGO SUN-TIMES MEDIA, INC. WILL REVIEW AND APPROVE THE COMPENSATION OF THE SENIOR EXECUTIVES OF THE ORGANIZATION. THE PROCESS WILL INCLUDE THE REVIEW OF A REPORT PREPARED BY AN INDEPENDENT CONSULTANT ANALYZING COMPENSATION DATA FROM COMPARABLE ORGANIZATIONS. THE DELIBERATIONS AND DECISIONS OF THE BOARD WILL BE DOCUMENTED IN BOARD'S MEETING MINUTES. THE BOARD MET IN SEPTEMBER 2023 TO APPROVE THE COMPENSATION OF THE SENIOR EXECUTIVES USING THE PROCEDURE OUTLINED ABOVE. PART I, LINE 4A THE PRIOR CEO RECEIVED INSTALLMENT PAYMENTS FROM FEBRUARY 2023 THROUGH FEBRUARY 2024 PURSUANT TO AN AGREEMENT APPROVED BY THE CHICAGO SUN-TIMES MEDIA, INC. BOARD. THE TOTAL AMOUNT WAS REPORTED AS DEFERRED COMPENSATION ON SCHEDULE J, PART II, COLUMN C. THE PRIOR INTERIM EDITOR IN CHIEF RECEIVED TOTAL SEVERANCE PAYMENTS OF $110,000. THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN (B)(III) AS OTHER REPORTABLE COMPENSATION. THIS AMOUNT WAS PAID JUNE OF 2022. PART I, LINE 7 AS INDICATED IN SCHEDULE J, PART II, THE VP OF ADVERTISING RECEIVED DISCRETIONARY COMMISSIONS BASED ON THE PERFORMANCE OF THE ADVERTISING TEAM. FORM 990, PART III, LINE 3 IN OCTOBER 2022, CHICAGO SUN-TIMES MEDIA, INC TRANSITIONED TO A MEMBERSHIP-SUPPORTED DONATION MODEL AND REMOVED ITS PAYWALL FROM SUNTIMES.COM TO MAKE ITS DIGITAL CONTENT AVAILABLE AS A PUBLIC GOOD. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS A SHARED SERVICES AGREEMENT WITH A RELATED ORGANIZATION, CHICAGO PUBLIC MEDIA, INC. THIS AGREEMENT INCLUDES ADMINISTRATIVE SERVICES AND ALSO STRATEGIC GUIDANCE, FUNDRAISING, MARKETING AND LEGAL COUNSEL. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE CORPORATION IS CHICAGO PUBLIC MEDIA, INC., AN ILLINOIS NOT-FOR-PROFIT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER HAS THE RIGHT TO ELECT ALL MEMBERS OF THE BOARD OF DIRECTORS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B IN ADDITION TO THE RIGHTS AND POWERS ACCORDED A MEMBER BY DELAWARE LAW, THE AFFIRMATIVE VOTE OR CONSENT OF THE MEMBER SHALL BE REQUIRED WITH RESPECT TO THE FOLLOWING: A. ELECTION OF ALL MEMBERS OF THE BOARD OF DIRECTORS OF THE CORPORATION; B. APPROVAL OF THE BORROWING OF ANY SUM, THE PRINCIPAL OF WHICH EXCEEDS $50,000, OR WHICH HAS A STATED TERM OF GREATER THAN ONE YEAR, OR WHICH IS SECURED BY A MORTGAGE OF ALL OR ANY PORTION OF THE CORPORATION'S REAL PROPERTY OR THE CREATION OF A SECURITY INTEREST IN THE CORPORATION'S ASSETS, INCLUDING PERSONAL PROPERTY AND REVENUES, FOR THE BENEFIT OF THE LENDER, LESSOR OR VENDOR, OR THE DEFEASANCE, ADVANCE PAYMENT OR CANCELLATION OF ANY OUTSTANDING DEBT OF THE CATEGORY DESCRIBED HEREIN; C. APPROVAL OF ANY VOLUNTARY DISSOLUTION, MERGER, CONSOLIDATION, SALE OR TRANSFER OF SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS (DEFINED AS 10% OR MORE), OR ANY CREATION OF A SUBSIDIARY OR AFFILIATE CORPORATION OF THE CORPORATION; D. APPROVAL OF ALL ANNUAL AND LONG-TERM CAPITAL, OPERATIONAL BUDGETS AND STRATEGIC PLANS OF THE CORPORATION; E. ADOPTION OF, APPROVAL OF AMENDMENTS TO, OR AMENDMENT OF THE CERTIFICATE OF INCORPORATION OR BYLAWS OF THE CORPORATION; F. APPROVAL OF ANY GUARANTY OF DEBT; G. APPROVAL OF ANY SIGNIFICANT CHANGES IN THE CORPORATION'S INSURANCE SPECIFICATIONS OR LIMITS; H. APPROVAL OF THE SELECTION OF, OR CHANGES OF, INDEPENDENT AUDITORS; I. APPROVAL OF ANY SALE OR TRANSFER OF CORPORATION ASSETS TO A NON-AFFILIATED ENTITY OR A THIRD-PARTY ENTITY; AND J. APPROVAL OF ANY CONTRACT BETWEEN THE CORPORATION AND A THIRD PARTY WHICH INVOLVES THE PROVISION OF GOODS AND SERVICES HAVING A VALUE IN EXCESS OF $250,000 FOR CAPITAL OR $500,000 IN AGGREGATE FOR OPERATING AND CAPITAL WHICH HAD NOT BEEN PREVIOUSLY APPROVED BY MEMBER IN AN ANNUAL CAPITAL OR OPERATING BUDGET. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD, PRESIDENT, AND LEGAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C WE REVIEW AND MONITOR DISCLOSED CONFLICTS OF INTERESTS. FORM 990, PART VI, SECTION B, LINE 15 AS PART OF THE TRANSACTION TO ACQUIRE THE CHICAGO SUN-TIMES, INC ASSETS DURING 2022, CHICAGO SUN-TIMES MEDIA, INC. ASSUMED THE COMPENSATION RATE PAID TO THE CEO. FOR THE YEAR ENDING JUNE 30, 2023, COMPENSATION REVIEW PROCEDURES WERE PERFORMED BY RELATED ORGANIZATION, CHICAGO PUBLIC MEDIA, INC (CPM). FOLLOWING THE DEPARTURE OF THE PRIOR CEO IN FEBRUARY 2023, THE TOP MANAGEMENT OFFICIAL OF THE ORGANIZATION WAS PAID PURSUANT TO CPM'S COMPENSATION PROCEDURES. USING THE FOLLOWING PROCEDURES, THE COMPENSATION COMMITTEE OF THE CPM BOARD OF DIRECTORS, COMPRISED OF INDEPENDENT DIRECTORS, REVIEWED AND APPROVED THE COMPENSATION OF THE CEO AND REVIEWED THE ADEQUACY AND REASONABLENESS OF THE COMPENSATION OF THE SENIOR EXECUTIVES. THE PROCESS INCLUDED REVIEW OF A REPORT PREPARED BY AN INDEPENDENT CONSULTANT ANALYZING COMPENSATION DATA FROM COMPARABLE ORGANIZATIONS. THE ORGANIZATION HIRES AN INDEPENDENT COMPENSATION CONSULTANT TO PREPARE THE ABOVE MENTIONED REPORT ONCE EVERY TWO TO THREE YEARS. THE REPORT IS UPDATED ANNUALLY. THE DELIBERATIONS AND DECISIONS OF THE COMPENSATION COMMITTEE ARE DOCUMENTED IN THE COMPENSATION COMMITTEE'S MEETING MINUTES. THE COMPENSATION COMMITTEE MET IN AUGUST 2022 AND 2023 TO REVIEW CEO AND SENIOR EXECUTIVE COMPENSATION. PROSPECTIVELY, THE BOARD OF DIRECTORS OF CHICAGO SUN-TIMES MEDIA, INC. WILL REVIEW AND APPROVE THE COMPENSATION OF THE SENIOR EXECUTIVES OF THE ORGANIZATION. THE PROCESS WILL INCLUDE THE REVIEW OF A REPORT PREPARED BY AN INDEPENDENT CONSULTANT ANALYZING COMPENSATION DATA FROM COMPARABLE ORGANIZATIONS. THE DELIBERATIONS AND DECISIONS OF THE BOARD WILL BE DOCUMENTED IN BOARD'S MEETING MINUTES. THE BOARD MET IN SEPTEMBER 2023 TO APPROVE THE COMPENSATION OF THE SENIOR EXECUTIVES USING THE PROCEDURE OUTLINED ABOVE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 11G CONTRACTOR FEES: PROGRAM SERVICE EXPENSES 4,258,707. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,258,707. CONSULTANTS: PROGRAM SERVICE EXPENSES 1,110,647. MANAGEMENT AND GENERAL EXPENSES 87,617. FUNDRAISING EXPENSES 218,279. TOTAL EXPENSES 1,416,543. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 529,446. MANAGEMENT AND GENERAL EXPENSES 49,097. FUNDRAISING EXPENSES 195,381. TOTAL EXPENSES 773,924. FORM 990, PART XI, LINE 9: ROUNDING -5. CHICAGO PUBLIC MEDIA INC 848 E GRAND AVE NAVY PIER CHICAGO IL 60611 363687394 SERVES THE PUBLIC INTEREST BY DELIVERING DIVERSE, COMPELLING CONTENT IL 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 1