2013-05-13T09:32:26-05:00 2012-06-30 231144520 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2011-07-01 222546201 THE DAILY PENNSYLVANIAN INC DAIL 2158986581 4015 WALNUT STREET PHILADELPHIA PA 191046198 ERIC JACOBS 2158986581 2013-05-13 1 STACY CULLEN P00974308 2159798800 2013-05-13 2011 2016-02-24 21:20:13Z ERIC JACOBS 4015 WALNUT STREET PHILADELPHIA PA 191046198 883261 0 X WWW.THEDP.COM X 1885 PA THE PUBLICATION OF THE UNIVERSITY OF PENNSYLVANIA'S INDEPENDENT STUDENT NEWSPAPER AND RELATED PUBLICATIONS. 6 1 24 150 0 0 20086 20478 882874 790819 65206 71839 0 0 968166 883136 0 0 0 0 401792 410245 0 0 0 544443 541361 946235 951606 21931 -68470 2692895 2659658 69478 57631 2623417 2602027 THE DAILY PENNSYLVANIAN EXISTS TO INFORM THE PENN COMMUNITY OF RELEVANT NEWS AND OPINION WHILE PROVIDING A TRAINING VEHICLE FOR STUDENTS. 0 0 339644 790819 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. 339644 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 0 1 32 0 1 24 1 0 0 0 0 0 0 0 0 0 0 X 6 1 0 0 0 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 DANA TOM 30.00 X 1000 0 0 LAUREN PLOTNICK 30.00 X 750 0 0 EMILY KUO 30.00 X 750 0 0 MELISSA HONG 30.00 X 0 0 0 SARAH GADSDEN 30.00 X 1600 0 0 UNNATI DAAS 30.00 X 1000 0 0 ERIC JACOBS 40.00 X 97000 0 8420 LANCE GUERWITZ 20.00 X 750 0 0 JARED MCDONALD 20.00 X 1000 0 0 CALDER SILCOX 20.00 X 938 0 0 JESSICA GOODMAN 20.00 X 1000 0 0 ELIZABETH HORKLEY 20.00 X 0 0 0 KELSEY MATEVISH 20.00 X 0 0 0 KELSEY BRONGO 20.00 X 0 0 0 MEGAN SOISSON 20.00 X 750 0 0 106538 0 8420 0 0 0 0 0 20478 20478 ADVERTISING REVENUES 900099 702464 702464 GRAPHICS, ETC. 900099 88355 88355 790819 69934 69934 2030 125 1905 1905 1905 883136 792724 0 69934 115194 5955 109239 245024 13832 231192 4045 4045 21028 21028 24954 577 24377 2000 2000 8703 8703 364581 301466 63115 64711 64711 4308 1942 2366 13923 13923 34620 15760 18860 17538 17538 MISCELLANEOUS 16795 112 16683 BANK FEES 14182 14182 951606 339644 611962 0 269277 113237 45286 45300 23077 25140 21847 31400 812422 776961 41066 35461 2292342 2409120 2692895 2659658 23112 17334 46366 40297 69478 57631 X 2524945 2499428 98472 102599 2623417 2602027 2692895 2659658 X -68470 47079 X X 1 0 1 X 0 X 40769 70743 32574 20086 20478 184650 1354395 1179251 926572 882874 790819 5133911 1395164 1249994 959146 902960 811297 5318561 50000 50000 0 50000 50000 5268561 95541 70958 57258 65206 71839 360802 95541 70958 57258 65206 71839 360802 1490705 1320952 1016404 968166 883136 5679363 0.92770 0.93280 0.06350 0.05900 X 2243155 10082 104337 100169 2257405 1896552 11200 340603 5200 2243155 1671245 22878 210592 8163 1896552 1922988 18490 -261433 8800 1671245 1.00000 0 0 213416 213381 35 599006 563580 35426 35461 883136 951606 -68470 47079 47079 -21391 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2009-2011) OR EXPECTED TO BE TAKEN IN THE ORGANIZATION'S 2012 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 B, LINE 11 THE 990 IS ANNUALLY PRESENTED DURING THE OVERALL FINANCIAL REVIEW FOR NEWLY ELECTED 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 47,079. FORM 990, PART XII, LINE 2C THE PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.