The Globe FY2021 filing

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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
$376K
FY2021▼ -16%
Expenses
$409K
FY2021▼ -19%

Form 990 for the fiscal year ending June 2021 (IRS tax year 2020).


Publish a Catholic newspaper and online content to spread faith and religious news. For fiscal year 2021 it reported $376K in revenue, $409K in expenses, and $774K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Sioux City, IA
Website
www.lumenmedia.org
Filings
5 on file (2020–2021)
Revenue
$376KFY2021
Expenses
$409K
Net assets
$774K
People
8
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Provided by the organization

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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
$376K revenue, $409K expenses
Bottom line
-9% surplus margin

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

NEUTRAL

Not on file

IRS deductibility code is not on file for this EIN. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

WARNING

Last filed FY2023 — 3 yrs ago

Most recent Form 990 on file is for fiscal year 2023 (3 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

GOOD

77% to programs

77% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↓ -16% vs prior year

Revenue band $100K–1M, -16% versus the prior filing year (down). See detail →

Reported financial activity · FY2021
Total revenue
$376K
Pt VIII · Ln 12
Total expenses
$409K
Pt IX · Ln 25
Net assets
$774K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$34K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.23
Surplus margin
-9%
revenue over expenses, this year
Program spending
77%
of expenses reach programs

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$1.0M
FY2021▲ +19%
Total liabilities
$242K
FY2021▲ +15%
Revenue less expensesPt I · Ln 19−$34K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

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 1a8
Independent voting membersPt VI · Ln 1b8
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 (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Globe executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $317K of program spending, described in the organization's own filed words · FY2020.
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, 2021.

$317Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$301K · 80%
Contributions & grants$62K · 17%
Other revenue$11K · 3%
Program service revenue80%$301K
Contributions & grants17%$62K
Other revenue3%$11K
Investment income$2K
— government grantsLn 1e$62K
Total revenueLn 12$376K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$317K
Management & general23%$92K
Total functional expensesLn 25$409K

Balance Sheet

Part X · end of year
CashLn 1$51K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$242K
Total net assetsLn 32$774K
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $51K · Operating expenses/yr $409K
1.5 months
Where the money goes
Program services
Program services $317K · Total expenses $409K
77%
Management & General
Management & general $92K · Total expenses $409K
23%
Fundraising
Fundraising $0 · Total expenses $409K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $185
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $62K · Total revenue $376K
17%
Government reliance
Government grants $62K · Total revenue $376K
17%
Earned-income share
Program service revenue $301K · Total revenue $376K
80%
Investment reliance
Investment income $2K · Total revenue $376K
+0.5%
Program self-sufficiency
Program service revenue $301K · Total expenses $409K
73%
Growth & trend
Revenue growth (YoY)
This year $376K · Prior year $449K
-16%
Net-asset trend (YoY)
End of year $774K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $376K · Expenses $409K
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
—
Net-asset ratio
Net assets $774K · Total assets $1.0M
76%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
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 $409K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $235K · Total expenses $409K
58%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%——
Overhead ratio 23%——
Fundraising cost ratio 0%——
Revenue growth -16%——
Accounting fee ratio 8%——

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 · ⤓ 990 PDF
FY2023$322K revenue · ⤓ 990 PDF
FY2022$433K revenue · ⤓ 990 PDF
FY2021$376K revenue · viewing · ⤓ 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) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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