2012-10-26T15:51:30-05:00 2011-12-31 370818432 Kemper CPA Group LLP 1701 Broadmoor Suite 120 Champaign IL 61821 990 2011-01-01 371403593 Urbana-Champaign Independent Media Center Foundation URBA 2173448820 202 S Broadway Ave No 100 Urbana IL 61801 Durl Kruse 2173448820 2012-10-23 1 John S Knoblett CPA P00494046 2173512073 2012-10-23 2011 2016-02-24 21:20:13Z Mike Lehman 608 E Green St Urbana IL 61802 524563 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. 10 10 23 1200 41378 -42561 282220 387650 51594 80232 637 603 60442 56078 394893 524563 0 0 0 0 146532 189368 0 0 2193 191317 243719 337849 433087 57044 91476 500586 523593 218597 150797 281989 372796 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 319451 95535 Media production, media distribution and education 71110 The Foundation acts as a Fiscal Sponsor of other programs supporting similar purposes. 390561 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 1 0 23 0 1 1 0 0 0 0 0 0 0 0 0 X 10 10 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 Belden Fields 2.00 X 0 0 0 E Martel Miller 2.00 X 0 0 0 Chris Ritzo 2.00 X 0 0 0 Ken Salo 2.00 X 0 0 0 Carol Ammons 40.00 X 32160 0 0 32160 0 0 0 0 0 0 0 153058 234592 387650 Media and Arts Center 515100 48224 48224 Books and Bicycle part 900099 32008 32008 80232 603 603 41378 0 41378 41378 41378 Misc Income 900099 14700 14700 14700 524563 95535 41378 0 33568 33568 128333 128333 17096 17096 10371 10371 6765 6765 6285 6285 336 336 21547 19354 2193 87144 87144 3041 3041 9929 9929 9038 9038 7606 7606 Other Program Expenses 31804 31804 Bicycle restoration and 23249 23249 TAP In Leadership Acade 20636 20636 IndyKids project 11682 11682 4657 4657 433087 390561 40333 2193 13459 14557 147483 200112 41739 21315 312459 60093 261404 252366 35772 35243 729 0 500586 523593 17076 10439 189306 126088 12215 14270 218597 150797 X 181032 258890 100957 113906 281989 372796 500586 523593 X 91476 -669 X X 0 1 1 X 0 X 195592 200599 222352 321100 387650 1327293 195592 200599 222352 321100 387650 1327293 1327293 3721 -924 5874 637 603 9911 -2010 207 -1803 23199 35038 28384 43576 14706 144903 1480304 0.89660 0.87790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 300651 48753 251898 11808 11340 468 252366 Deposits 14270 14270 524563 433087 91476 -669 -669 90807 530767 -669 18460 17791 512976 11587 11587 524563 439960 18460 18460 421500 11587 11587 433087 Description of Uncertain Tax Positions Under FIN 48: Part X: 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 Foundation 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 Foundation 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 calendar year Part XII, Line 4b - Other Adjustments: Utility Reimbursement Part XIII, Line 4b - Other Adjustments: Utility Reimbursement 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -669. 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.