Purdue Student Publishing Foundation
- Assets
- $4.9m
- Revenue
- $726.9k
- Investments
- $0.0
- Employees
- 118
- Location
- West Lafayette, IN
- Founding
- 12/1969
- Data as of
- 05/2022
- EIN
- 35-1163471
Organization Overview
Purdue Student Publishing Foundation, operating under the name The Purdue Exponent, is located in West Lafayette, IN. The organization was established in 1969. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2022, Purdue Exponent employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Purdue Exponent is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Purdue Exponent generated $726.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $1.0m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATING STUDENTS AT PURDUE UNIVERSITY ABOUT THE SKILLS NECESSARY TO PUBLISH A NEWSPAPER AND WEBSITE BY EXPOSING THEM TO ALL ASPECTS OF PRODUCTION
Describe the Organization's Program Activity:
PUBLICATION OF STUDENT NEWSPAPER AND WEBSITE AT PURDUE UNIVERSITY
RENTAL ACTIVITY AT 602 W STADIUM AVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick J Kuhnle Publisher/gm | Officer | 40 | $80,829 |
Haydn Willoughby Student Director | Trustee | 1 | $0 |
Stephanie Salter Alumni Director | Trustee | 1 | $0 |
Beth Hoffman Faculty Director | Trustee | 1 | $0 |
Jeff Turkstra Faculty Director | Trustee | 1 | $0 |
Lee Breece Student Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,806 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,806 |
| Total Program Service Revenue | $435,184 |
| Investment income | $67,719 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $211,165 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $726,874 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $528,299 |
| Pension plan accruals and contributions | $13,892 |
| Other employee benefits | $32,318 |
| Payroll taxes | $40,055 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,320 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $27,795 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $127,990 |
| Travel | $9,658 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,680 |
| Insurance | $16,708 |
| All other expenses | $0 |
| Total functional expenses | $1,017,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $188,628 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,036 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,928 |
| Prepaid expenses and deferred charges | $372,223 |
| Net Land, buildings, and equipment | $1,435,463 |
| Investments—publicly traded securities | $2,782,708 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,844 |
| Total assets | $4,866,330 |
| Accounts payable and accrued expenses | $25,501 |
| Grants payable | $0 |
| Deferred revenue | $6,420 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $56,775 |
| Total liabilities | $88,696 |
| Net assets without donor restrictions | $4,777,634 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,866,330 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Education Opportunities Foundation Indianapolis, IN | $17,673,440 | $7,674,537 |
The Center For Economic Research And Social Change Inc Chicago, IL | $10,561,395 | $6,102,602 |
Life Christian Outreach Inc Columbia, MO | $987,065 | $3,533,207 |
The Christian Century Chicago, IL | $17,596,828 | $3,273,341 |
Investigative Reporters And Editors Inc Columbia, MO | $8,372,941 | $3,252,818 |
Midwest Political Science Association Bloomington, IN | $7,512,584 | $2,303,181 |
Growing Community Media Nfp Oak Park, IL | $1,136,740 | $1,810,239 |
Rod & Staff Publishers Inc Crockett, KY | $12,819,778 | $1,848,923 |
Cedille Chicago Nfp Chicago, IL | $9,252,779 | $1,449,691 |
Wcij Inc Madison, WI | $2,099,123 | $1,902,825 |
Purdue Student Publishing Foundation West Lafayette, IN | $4,866,330 | $726,874 |
Progressive Inc Madison, WI | $339,899 | $1,449,117 |