THE MINNESOTA DAILY Charity Report

Public IRS 990 nonprofit record

THE MINNESOTA DAILY

EIN 41-1648598 · Humanities (A70)

What they do

1. PROVIDE INDEPENDENT STUDENT JOURNALISM and COMPREHENSIVE COVERAGE of NEWS, MEDIA and EVENTS THAT SERVE THE PUBLIC INTEREST and INFORM THE UNIVERSITY of MINNESOTA COMMUNITY.2. OFFER A FORUM for THE FREE EXCHANGE of IDEAS and CIVIL DEBATE for THE MEMBERS of THE UNIVERSITY COMMUNITY.3. TRAIN UNIVERSITY STUDENTS to PROFESSIONAL STANDARDS, TEACH BEST PRACTICES and OPERATE AN ETHICAL ORGANIZATION IN ALL AREAS of JOURNALISM and THE MEDIA INDUSTRY.4. OPERATE A FISCALLY RESPONSIBLE ORGANIZATION THAT ENSURES ITS VIABILITY AS AN INDEPENDENT STUDENT MEDIA COMPANY THAT CONTINUALLY SERVES THE UNIVERSITY COMMUNITY.5. SUPPORT EQUITY, INCLUSIVITY and REPRESENTATION IN THE WORKPLACE, APPROPRIATELY RESPOND to THE DIVERSE and CHANGING NEEDS of THE CAMPUS COMMUNITY and CONTINUALLY BUILD RELATIONSHIPS WITH COMMUNITY MEMBERS and ORGANIZATIONS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $56.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders18 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

54.47%of revenue went to mission work56.5% of expenses · Program services

1.65%of revenue went to fundraising1.7% of expenses

$96.33spent for every $100 of revenueRevenue covered expenses this year.

40.21%of revenue went to management and office costs41.7% of expenses

$0.80in assets for every $1 spent this yearSome assets cannot be spent right away.

0.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $102,344 for IVAN JOHNSON (DIRECTOR OF SALES). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,465,410

Mission workProgram services$798,20254.47% of revenue56.5% of expenses

ManagementOffice and general costs$589,23140.21% of revenue41.7% of expenses

FundraisingAsking for donations$24,2171.65% of revenue1.7% of expenses

Revenue left after expensesReported annual surplus$53,7603.67% of revenueShown in gray on the chart

Total expenses$1,411,65096.33% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 56.5% mission · 41.7% management · 1.7% fundraisingTotal expenses: 96.33% of revenue

2023Expense mix: 57.4% mission · 40.8% management · 1.8% fundraisingTotal expenses: 102.56% of revenue

2022Expense mix: 53.1% mission · 44.9% management · 2.0% fundraisingTotal expenses: 106.56% of revenue

2021Expense mix: 55.9% mission · 42.0% management · 2.1% fundraisingTotal expenses: 94.38% of revenue

2020Expense mix: 53.6% mission · 44.2% management · 2.2% fundraisingTotal expenses: 73.02% of revenue

2019Expense mix: 57.6% mission · 40.6% management · 1.7% fundraisingTotal expenses: 110.92% of revenue

2018Expense mix: 58.7% mission · 39.6% management · 1.7% fundraisingTotal expenses: 101.51% of revenue

2017Expense mix: 61.4% mission · 36.8% management · 1.8% fundraisingTotal expenses: 97.20% of revenue

Money in and money out

Revenue$1,465,410

Expenses$1,411,650

Annual surplus $53,760 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$798,202 · 56.5% of expenses

Management and office costs$589,231 · 41.7% of expenses

Fundraising$24,217 · 1.7% of expenses

See all reported dollar amounts

Revenue$1,465,410

Expenses$1,411,650

Assets$1,123,876

Income$1,381,288

Contributions$9,160

Mission work (program services)$798,202

Fundraising$24,217

Management and general$589,231

Stocks and bonds$926,953

Accounting fees$49,328

Investing fees$7,750

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

IVAN JOHNSONDIRECTOR OF SALES · 40 hrs/week $102,344

CHARLIE WEAVEREXECUTIVE DIRECTOR · 40 hrs/week $102,335

WILLIAM CONROYDIRECTOR/ACCOUNTING CONSULTANT · 5 hrs/week $21,983

DESTANEE ULRICHMARKETING AND ENGAGEMENT OFFICER · 30 hrs/week $18,875

ALEXIS LETANGEDITOR-IN-CHIEF BEGINNING MAY · 30 hrs/week $9,760

SPENCER WHITEEDITOR-IN-CHIEF THROUGH MAY · 30 hrs/week $1,898

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (18)

IVAN JOHNSONDIRECTOR OF SALES

CHARLIE WEAVEREXECUTIVE DIRECTOR

WILLIAM CONROYDIRECTOR/ACCOUNTING CONSULTANT

DESTANEE ULRICHMARKETING AND ENGAGEMENT OFFICER

ALEXIS LETANGEDITOR-IN-CHIEF BEGINNING MAY

SPENCER WHITEEDITOR-IN-CHIEF THROUGH MAY

ERIK BOHNHOFFSECRETARY

SETH RICHARDSONDIRECTOR

REGINA MCCOMBSDIRECTOR

RANCE RANDTREASURER THROUGH SEPTEMBER

MUNEEB B HAFEEZSTUDENT DIRECTOR

KENT ERDAHLDIRECTOR

ELLA BARNESSTUDENT DIRECTOR BEGINNING DECEMBER

ELIZABETH MATTISONDIRECTOR, BOARD CHAIR BEGINNING MARCH

DREW GERAETSDIRECTOR

DAVID KEANETREASURER BEGINNING OCTOBER

BRADY GERVAISBOARD CHAIR THROUGH FEBRUARY, DIRECTOR

ANDREW PALIKSTUDENT DIRECTOR BEGINNING DECEMBER

About this charity

Recognized since: January 1990
Location: 2221 UNIVERSITY AVENUE SE 450, MINNEAPOLIS, MN 55414
County: Hennepin
In care of: CHARLES E WEAVER JR
Primary officer: CHARLES E WEAVER JR, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailadmin@mndaily.com Phone(612) 627-4080

Filing and classification

Latest tax year: 2024
Tax period began: September 1, 2024
Return type: 990
Tax preparer: OLSEN THIELEN & CO LTD
NTEE classification: Humanities (A70)
IRS tax category: Humanities