The Globe

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EIN 42-0680401 Unknown exempt organization Sioux City, IA
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$256K
FY2024▼ -20%
Expenses
$328K
FY2024▼ -19%

Form 990 for the fiscal year ending June 2024 (IRS tax year 2023).


Publish a Catholic newspaper and online content to spread faith and religious news. For fiscal year 2024 it reported $256K in revenue and $328K in expenses.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Sioux City, IA
Website
www.lumenmedia.org
Filings
5 on file (2020–2024)
Revenue
$256KFY2024
Expenses
$328K
Net assets
$0
People
7
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Size
$100K–1M
What they do
Publish a Catholic newspaper and online content to spread faith and religious news.
Leadership
Money in and out
$256K revenue, $328K expenses
Bottom line
-28% surplus margin
Reported financial activity · FY2024
Total revenue
$256K
Pt VIII · Ln 12
Total expenses
$328K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$72K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.29
Surplus margin
-28%
revenue over expenses, this year▼ -11% vs prior filing year
Program spending
71%
of expenses reach programs▼ -6% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$0
FY2024▼ -100%
Total liabilities
$0
FY2024▼ -100%
Revenue less expensesPt I · Ln 19−$72K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CThe Globe
EINHdr · item D42-0680401
Principal addressHdr · item CSioux City, IA
WebsiteHdr · item Jwww.lumenmedia.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $234K of program spending, described in the organization's own filed words · FY2023.
01

The lumen published catholic newspapers and electronic communications for the purpose of spreading religious news and literature during the fiscal year ended june 30, 2024.

$234Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$249K · 97%
Investment income$5K · 2%
Other revenue$2K · 1%
Program service revenue97%$249K
Investment income2%$5K
Other revenue1%$2K
Total revenueLn 12$256K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.29
Program services71%$234K
Management & general29%$94K
Total functional expensesLn 25$328K

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $328K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $234K · Total expenses $328K
71%
Management & General
Management & general $94K · Total expenses $328K
29%
Fundraising
Fundraising $0 · Total expenses $328K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $256K
0%
Government reliance
Government grants — · Total revenue $256K
—
Earned-income share
Program service revenue $249K · Total revenue $256K
97%
Investment reliance
Investment income $5K · Total revenue $256K
+2%
Program self-sufficiency
Program service revenue $249K · Total expenses $328K
76%
Growth & trend
Revenue growth (YoY)
This year $256K · Prior year $322K
-20%
Revenue CAGR
FY2019 $449K · FY2023 $256K
-13%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $256K · Expenses $328K
-28%
Liabilities-to-Assets
Total liabilities — · Total assets $0
—
Net-asset ratio
Net assets $0 · Total assets $0
—
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bishop R Walker Nickless · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $328K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $150K · Total expenses $328K
46%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%——
Overhead ratio 29%——
Revenue growth -20%——
Accounting fee ratio 9%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$256K revenue · viewing · ⤓ 990 PDF
FY2023$322K revenue · ⤓ 990 PDF
FY2022$433K revenue · ⤓ 990 PDF
FY2021$376K revenue · ⤓ 990 PDF
FY2020$449K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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