State News
- Assets
- $9.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 106
- Location
- East Lansing, MI
- Founding
- 11/1972
- Data as of
- 06/2022
- EIN
- 38-1966279
Organization Overview
State News is located in East Lansing, MI. The organization was established in 1972. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, State News employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. State News 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 06/2022, State News generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PUBLICATION AND DISTRIBUTION OF NEWS FOR THE MSU COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PUBLICATION AND DISTRIBUTION OF A STUDENT NEWSPAPER WITHIN THE COMMUNITY OF MICHIGAN STATE UNIVERSITY AND TO SERVE AS A PRACTICUM FOR OVER 40,000 STUDENTS AND STAFF AT MICHIGAN STATE UNIVERSITY. 4,000 PAPERS ARE PRINTED BIWEEKLY DURING THE ACADEMIC YEAR AND DIGITAL COPIES ARE AVAILABLE DURING THE SUMMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Richert General Manager | Officer | 40 | $102,779 |
Tanya Gazdik President | OfficerTrustee | 0.5 | $0 |
John Whiting Treasurer | OfficerTrustee | 0.5 | $0 |
Drew Reynolds Ended 123121 Secretary | OfficerTrustee | 0.5 | $0 |
John Foren Vice-President | OfficerTrustee | 0.5 | $0 |
Cindy Hudson Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $116,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,296 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,296 |
| Total Program Service Revenue | $1,181,751 |
| Investment income | $46,307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $419,219 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,830,968 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $137,689 |
| Compensation of current officers, directors, key employees. | $25,694 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $361,948 |
| Pension plan accruals and contributions | $7,566 |
| Other employee benefits | $94,066 |
| Payroll taxes | $36,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $971 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,219 |
| Fees for services: Other | $81,447 |
| Advertising and promotion | $0 |
| Office expenses | $79,488 |
| Information technology | $100,606 |
| Royalties | $0 |
| Occupancy | $44,919 |
| Travel | $19,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,703 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $159,836 |
| Insurance | $26,532 |
| All other expenses | $0 |
| Total functional expenses | $1,445,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,027,293 |
| Savings and temporary cash investments | $536,490 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,970 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,804 |
| Net Land, buildings, and equipment | $5,581,857 |
| Investments—publicly traded securities | $2,417,885 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,620,299 |
| Accounts payable and accrued expenses | $35,057 |
| Grants payable | $0 |
| Deferred revenue | $143,579 |
| 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 | $0 |
| Total liabilities | $178,636 |
| Net assets without donor restrictions | $9,441,663 |
| 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 | $9,620,299 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that State News has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Leap Lansing, MI PURPOSE: INGHAM COUNTY SUNRISE GRANT - NON PROFIT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |
Friends Of Breakthrough Schools Cleveland, OH | $75,617,435 | $14,315,646 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Ers Strategic Properties Inc Rootstown, OH | $122,229,530 | $11,683,070 |
Cuyahoga Community College Foundati Cleveland, OH | $98,727,251 | $19,770,120 |