The Globe
- Assets
- $930.2k
- Revenue
- $433.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Sioux City, IA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 42-0680401
Organization Overview
The Globe, operating under the name Lumen Media, is located in Sioux City, IA. The organization was established in 1946. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Lumen Media employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lumen Media 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, Lumen Media generated $433.4k 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 (3.5%) each year. All expenses for the organization totaled $397.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. 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
TO ESTABLISH, MAINTAIN AND PUBLISH A RELIGIOUS NEWSPAPER AND PROVIDE ELECTRONIC COMMUNICATIONS FOR THE PURPOSE OF THE PROPAGATION OF THE CATHOLIC FAITH FOR THE PURPOSE OF SPREADING RELIGIOUS NEWS AND LITERATURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LUMEN PUBLISHED CATHOLIC NEWSPAPERS AND ELECTRONIC COMMUNICATIONS FOR THE PURPOSE OF SPREADING RELIGIOUS NEWS AND LITERATURE DURING THE FISCAL YEAR ENDED JUNE 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Very Rev Mark Stoll Vice President | OfficerTrustee | 1 | $0 |
Bishop R Walker Nickless President | OfficerTrustee | 1 | $0 |
Nick Hytrek Director | Trustee | 1 | $0 |
Rev Paul J Kelly Director | Trustee | 1 | $0 |
Kristie Vermulm-Mcmanamy Director | Trustee | 1 | $0 |
Hector Mora Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $132,929 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $132,929 |
| Total Program Service Revenue | $286,323 |
| Investment income | $1,095 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $433,371 |
| 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 | $176,917 |
| Pension plan accruals and contributions | $12,617 |
| Other employee benefits | $16,208 |
| Payroll taxes | $14,630 |
| Fees for services: Management | $16,117 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,154 |
| Office expenses | $4,281 |
| Information technology | $5,948 |
| Royalties | $0 |
| Occupancy | $26,036 |
| Travel | $2,180 |
| 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 | $0 |
| Insurance | $3,820 |
| All other expenses | $0 |
| Total functional expenses | $397,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $102,690 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,360 |
| 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 | $9,304 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $727,855 |
| Total assets | $930,209 |
| Accounts payable and accrued expenses | $22,181 |
| Grants payable | $0 |
| Deferred revenue | $166,824 |
| 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 | $189,005 |
| Net assets without donor restrictions | $741,204 |
| 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 | $930,209 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Globe has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Missouri River Historical Develop- Ment Inc Sioux City, IA PURPOSE: DIGITIZE PAPER/DEVELOP WEBSITE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tyndale House Ministries Carol Stream, IL | $131,789,924 | $39,960,556 |
Christianity Today International Carol Stream, IL | $10,480,516 | $11,172,393 |
National Catholic Reporter Publishing Company Kansas City, MO | $17,137,826 | $9,019,634 |
Truth78 St Paul, MN | $344,361 | $1,221,042 |
St Louis Jewish Light St Louis, MO | $821,508 | $1,121,152 |
Choice Books Midwest Inc Metamora, IL | $0 | $440,038 |
Its Good To Know Inc St Paul, MN | $221,609 | $861,119 |
Ecs Ministries Dubuque, IA | $2,151,544 | $552,910 |
Christian Board Of Publication Des Peres, MO | $593,627 | $555,498 |
Catholic Press Of The Us Chicago, IL | $731,993 | $581,470 |
Onward Media Goodfield, IL | $976,145 | $590,092 |
Direction For Our Times Justice, IL | $165,140 | $428,883 |