2014-05-08T09:52:04-05:00 2013-06-30 231144520 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2012-07-01 222546201 THE DAILY PENNSYLVANIAN INC DAIL 2158986581 4015 WALNUT STREET PHILADELPHIA PA 191046198 ERIC JACOBS 2158986581 2014-05-08 1 STACY CULLEN P00974308 2159798800 2014-05-02 2012 2015-11-30 17:44:51Z ERIC JACOBS 4015 WALNUT STREET PHILADELPHIA PA 191046198 1263000 0 X WWW.THEDP.COM X 1885 PA THE PUBLICATION OF THE UNIVERSITY OF PENNSYLVANIA'S INDEPENDENT STUDENT NEWSPAPER AND RELATED PUBLICATIONS. 7 3 42 150 0 0 20478 33294 790819 714789 71839 139043 0 0 883136 887126 0 0 0 0 410245 407212 0 0 0 541361 461652 951606 868864 -68470 18262 2659658 2829918 57631 50761 2602027 2779157 THE DAILY PENNSYLVANIAN EXISTS TO INFORM THE PENN COMMUNITY OF RELEVANT NEWS AND OPINION WHILE PROVIDING A TRAINING VEHICLE FOR STUDENTS. 0 0 264054 714789 THE DAILY PENNSYLVANIAN IS THE INDEPENDENT STUDENT NEWSPAPER OF THE UNIVERSITY OF PENNSYLVANIA. ABOUT 136 MORNINGS EACH SCHOOL YEAR, PENN STUDENTS, FACULTY AND STAFF TURN TO THE DP AS THEIR SOURCE OF CAMPUS AND CITY NEWS AND SPORTS COVERAGE. THE DIFFERENT EDITORIAL DEPARTMENTS ARE: NEWS, SPORTS,PHOTOGRAPHY, ART, EDITORIAL PAGE, DESIGN, 34TH STREET MAGAZINE, THE WEEKLY PENNSYLVANIAN, AND THE DP.COM. 264054 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 42 1 0 0 0 0 0 0 0 0 0 0 X 7 3 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ERIC JACOBS GENERAL MANAGER 2158986581 4015 WALNUT STREET PHILADELPHIA PA 191046198 RACHEL EASTERBROOK 20.00 X 2463 0 0 MICHAEL TONY 20.00 X 0 0 0 NINA WOLPOW 20.00 X 0 0 0 ELIZABETH HORKLEY 20.00 X 1000 0 0 JULIE XIE 20.00 X 800 0 0 TAYLOR CULLIVER 20.00 X 0 0 0 MEGAN SOISSON 20.00 X 700 0 0 ERIC JACOBS 40.00 X 100000 0 9742 DANA TOM 30.00 X 1000 0 0 JENNIFER SUN 30.00 X 800 0 0 EMILY KUO 30.00 X 1000 0 0 MELISSA HONG 30.00 X 700 0 0 SARAH GADSDEN 30.00 X 1000 0 0 ELLEN FRIERSON 30.00 X 0 0 0 GIAN MASCIOLI 30.00 X 0 0 0 109463 0 9742 0 0 0 0 0 33294 33294 ADVERTISING REVENUES 900099 644245 644245 GRAPHICS, ETC. 900099 70544 70544 714789 77206 77206 432807 4904 370970 4904 61837 0 61837 61837 887126 776626 0 77206 116626 5369 111257 239187 11921 227266 5085 5085 17855 17855 28459 2212 26247 2000 2000 8774 8774 293918 232969 60949 100 100 66519 66519 3662 2523 1139 15514 15514 21884 8691 13193 17914 17914 BANK FEES 14108 14108 NEWS REPORTING EXPENSE 369 369 16890 16890 868864 264054 604810 0 113237 52201 45300 77657 25140 25285 31400 29559 814042 798123 35461 15919 2409120 2629297 2659658 2829918 17334 6904 40297 43857 57631 50761 X 2499428 2665482 102599 113675 2602027 2779157 2659658 2829918 18262 158868 0 X 1 X 0 1 0 X 70743 32574 20086 20478 33294 177175 1179251 926572 882874 790819 714789 4494305 1249994 959146 902960 811297 748083 4671480 50000 50000 0 50000 50000 4621480 70958 57258 65206 71839 77204 342465 70958 57258 65206 71839 77204 342465 1320952 1016404 968166 883136 825287 5013945 0.92170 0.92770 0.06830 0.06350 X 2347405 8286 279143 9400 2625434 2243155 10082 104337 10169 2347405 1896552 11200 340603 5200 2243155 1671245 22878 210592 8163 1896552 1922988 18490 -261433 8800 1671245 1.00000 0 0 213416 213416 0 600626 584707 15919 15919 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2010-2012) OR EXPECTED TO BE TAKEN IN THE ORGANIZATION'S 2013 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION HAS AMENDED ITS BYLAWS ON OCTOBER 5, 2013. THE AMENDED BYLAWS FUNDAMENTALLY CHANGE ONLY THE MAKE-UP OF THE ORGANIZATION'S BOARD OF DIRECTORS; THE NUMBER OF MEMBERS, WHO THE MEMBERS ARE, AND HOW THEY ARE SELECTED. IN THE NEW BOARD MAKE UP, A MINORITY OF MEMBERS ARE NON-STUDENT ALUMNI OF THE ORGANIZATION, A CHANGE WHICH WAS MADE TO IMPROVE LONG-TERM PLANNING AND CONTINUITY ON THE BOARD AND TO ADD EXTERNAL DIRECTORS TO A PREVIOUSLY ALL-INTERNAL BOARD. THE NEW BYLAWS DO NOT CHANGE THE ORGANIZATION STRUCTURALLY, NOR CHANGE ITS MISSION OF SERVING THE STUDENTS AND COMMUNITY OF THE UNIVERSITY OF PENNSYLVANIA. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS ANNUALLY PRESENTED TO THE BOARD MEMEBERS BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE 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 15 EACH 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 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT ANY TIME DURING NORMAL BUSINESS HOURS.