2013-11-13T13:12:03-06:00 2012-12-31 370818432 Kemper CPA Group LLP 1701 Broadmoor Suite 120 Champaign IL 61821 990 2012-01-01 371403593 Urbana-Champaign Independent Media Center Foundation URBA 2173448820 202 S Broadway Ave No 100 Urbana IL 61801 Durl Kruse 2173448820 2013-11-11 1 John S Knoblett CPA P00494046 2173512073 2013-11-11 2012 2016-02-24 21:20:13Z Gary Storm 202 S Broadway Ave Urbana IL 61801 287060 0 X www.ucimc.org X 2000 IL To foster the creation of news, programs, art, and narratives by community members whose perspectives are not represented in the dominant media; to publish grassroots media products through existing media outlets and by developing new, not-for-profit avenues for distribution; and to promote individual and community empowerment through technical training in media production and general affairs education programs. 8 8 13 1200 49956 -25708 387650 152324 80232 61771 603 479 56078 62679 524563 277253 0 0 0 0 189368 128046 0 0 1381 243719 221709 433087 349755 91476 -72502 523593 460513 150797 161855 372796 298658 X To foster the creation of news, programs, art, and narratives by community members whose perspectives are not represented in the dominant media; to publish grassroots media products through existing media outlets and by developing new, not-for-profit avenues for distribution; and to promote individual and community empowerment through technical training in media production and general affairs education programs. 0 0 229333 67477 Media production, media distribution and education 76297 The Foundation acts as a Fiscal Sponsor of other programs supporting similar purposes. 305630 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 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 1 2 0 13 0 1 1 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X Durl Kruse 2173448820 202 S Broadway Ave Suite 100 Urbana IL 61801 Gary Storm 2.00 X X 0 0 0 Deloris P Henry 2.00 X X 0 0 0 Durl Kruse 2.00 X X 0 0 0 David Greed 2.00 X X 0 0 0 Danielle Chynoweth 2.00 X 0 0 0 Ricardo Diaz 2.00 X 0 0 0 E Martel Miller 2.00 X 0 0 0 Ken Salo 2.00 X 0 0 0 Carol Ammons 40.00 X 35360 0 0 35360 0 0 0 0 0 0 0 100414 51910 152324 Media and Arts Center 515100 45677 45677 Books and Bicycle part 900099 16094 16094 61771 479 479 49956 0 49956 49956 49956 17303 9807 7496 7496 Misc Income 900099 5227 5227 5227 277253 67477 49956 7496 31293 31293 80038 80038 8347 8347 8368 7089 1279 10172 10172 4304 4304 749 749 18981 17600 1381 87818 87818 2489 2489 5789 5789 8721 8721 1532 1532 Bicycle restoration and 54804 54804 Restorative Circles 20835 20835 Miscellaneous 4714 4714 Other Program Expenses 801 801 349755 305630 42744 1381 14557 24398 200112 105424 21315 22388 343360 68814 252366 274546 35243 33757 523593 460513 10439 16310 0 10000 126088 118749 14270 16796 150797 161855 X 258890 273088 113906 25570 372796 298658 523593 460513 -72502 -1636 0 X X 1 X 0 0 0 X 200599 222352 321100 387650 152324 1284025 200599 222352 321100 387650 152324 1284025 1284025 -924 5874 637 603 479 6669 -2010 207 -1803 35038 28384 43576 14706 5227 126931 1415822 0.90690 0.89660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 308544 56489 252055 34816 12325 22491 274546 Deposits 16796 16796 X 262686 -1636 -1636 264322 12931 12931 277253 336824 0 336824 12931 12931 349755 Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The Foundation is a not-for-profit organization that is exempt from income taxes under section 501(c) (3) of the Internal Revenue Code and is not classified by the Internal Revenue Service to be a private Organization under section 509(a) of the Internal Revenue Code. 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 that 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 (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the 2012 fiscal year. The Foundation files information tax returns in the U.S. Federal and Illinois jurisdictions. The Foundation is no longer subject to U.S. federal, state, and local income tax examinations by tax authorities for years ending prior to December 31, 2010. Part XI, Line 4b - Other Adjustments: Utility reimbursements Part XII, Line 4b - Other Adjustments: Utility reimbursements Grassroots Radio Project 17303 17303 9807 17303 17303 9807 9807 7496 Form 990, Part VI, Section B, line 11 The Form 990 is reviewed by the entire board and approved prior to filing. Form 990, Part VI, Section B, line 12c The agency has a conflicts of interest policy which includes detailed consequences if violated. Board members are required to complete a conflict of interest form annually. Form 990, Part VI, Section B, line 15 The Board of Director determines the compensation for the Program Directors and other key employees on an annual basis based on a process involving using data to compare compensation for similarly qualified persons at similar organizations and other research. Documentation of the decision and approval will be kept. Form 990, Part VI, Section C, line 19 All documents are available upon request. PART XII, LINE 2C The Finance Committee reviews the audit report prior to submission and has sufficient understanding of accounting to take responsibility for the financial statements.