Student Publications Incorporated

Tax-deductible

Iowa City, IA501(c)(3)Arts & CultureEIN 42-1041859

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This organization publishes news content in print and online, primarily for the university of iowa community.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Run by 15 volunteers and 58 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $106K a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$142K
to officers and key staff · 10% of spending
Top officer’s pay higher than 62% of similar orgs
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$154K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+10% vs prior year
Spent
$1.5M
To programs
72%
Net assets
$1.9M
By yearFY2021–FY2025
Revenue
$1.3M
FY2025▲ +10%
Revenue by fiscal year
FY2021$1.7M
FY2022$1.3M
FY2023$895K
FY2024$1.2M
FY2025$1.3M
Expenses
$1.5M
FY2025▲ +15%
Expenses by fiscal year
FY2021$970K
FY2022$1.1M
FY2023$1.0M
FY2024$1.3M
FY2025$1.5M
Net assets
$1.9M
FY2025▼ -3%
Net assets by fiscal year
FY2021$1.9M
FY2022$2.1M
FY2023$1.9M
FY2024$2.0M
FY2025$1.9M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $1.1M Management & general 28% · $414K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $142K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$141,730Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jason Brummond’s $142K as Publisher is at the 62nd percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Jason Brummond$141,730$148,987$135,488$131,680$123,263

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Publishes news for the University of Iowa community online and in print.

Provided by the organization

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1 program service account for $1.1M of program spending, described in the organization's own filed words · FY2024.
01

Operation of Student Newspaper and Two Community Newspapers

The mount vernon-lisbon sun and solon economist.

$1.1Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $175K · 2020–2024
Unitemized GrantFY2024$36,250
Unitemized GrantFY2023$35,250
Unitemized GrantFY2022$32,500
Unitemized GrantFY2021$44,355
Unitemized GrantFY2020$27,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.3M
Gifts and grantsLn 1h$36K
Investment incomeLn 3$21K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.1M
Managementcol C$414K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$608K
Total assetsLn 16$2.1M
LiabilitiesLn 26$154K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$36K
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$21K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$608K
Cash and savings togetherLn 1–2$608K
InvestmentsLn 11–13$1.1M
Land, buildings, equipmentLn 10c$46K
Other assetsLn 15$80K
Total assetsLn 16$2.1M
LiabilitiesLn 26$154K
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 558
VolunteersI 615
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$549K$608K
InvestmentsLn 11–13$1.1M$1.1M
Land, buildings, equipmentLn 10c$61K$46K
Total assetsLn 16$2.2M$2.1M
LiabilitiesLn 26$174K$154K
Net assetsLn 32$2.0M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$36K$36K
Pay of current officers, directors and key staffLn 5$155K$155K
Other salaries and wagesLn 7$679K$570K$109K
Pension plan contributionsLn 8$21K$19K$2K
Other employee benefitsLn 9$61K$46K$15K
Payroll taxesLn 10$44K$25K$19K
Legal feesLn 11b$11K$378$11K
Accounting feesLn 11c$17K$17K
Investment management feesLn 11f$20K$16K$4K
Other fees for servicesLn 11g$1K$880$173
OccupancyLn 16$49K$11K$39K
TravelLn 17$70K$66K$4K
Depreciation, depletion and amortizationLn 22$32K$25K$7K
InsuranceLn 23$13K$1K$12K
Other expenses (24a–d)Ln 24$226K$218K$8K
All other expensesLn 24e$36K$23K$13K
Total functional expensesLn 25$1.5M$1.1M$414K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.3M$1.5M−$145K$1.9M 990 PDF
FY2024 $1.2M$1.3M−$76K$2.0M 990 PDF
FY2023 $895K$1.0M−$134K$1.9M 990 PDF
FY2022 $1.3M$1.1M$168K$2.1M 990 PDF
FY2021 $1.7M$970K$718K$1.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $1,325,695 across 5 lines filed
VIII-1f All other contributions, gifts and grants$35,985
VIII-1h Total contributions, gifts and grants$35,985
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,268,559$1,268,559
VIII-3 Investment incomeExcluded from tax $21,151$21,151
VIII-12 Total revenueRelated to mission $1,268,559 · Unrelated business $0 · Excluded from tax $21,151$1,325,695
Part IX · Statement of functional expenses $1,470,651 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $36,250$36,250
IX-5 Pay of current officers, directors and key staffManagement $154,945$154,945
IX-7 Other salaries and wagesPrograms $569,826 · Management $109,190$679,016
IX-8 Pension plan contributionsPrograms $18,889 · Management $1,962$20,851
IX-9 Other employee benefitsPrograms $46,181 · Management $15,218$61,399
IX-10 Payroll taxesPrograms $24,596 · Management $18,927$43,523
IX-11b Legal feesPrograms $378 · Management $10,623$11,001
IX-11c Accounting feesManagement $16,800$16,800
IX-11f Investment management feesPrograms $15,514 · Management $4,036$19,550
IX-11g Other fees for servicesPrograms $880 · Management $173$1,053
IX-16 OccupancyPrograms $10,800 · Management $38,542$49,342
IX-17 TravelPrograms $66,075 · Management $3,538$69,613
IX-22 Depreciation, depletion and amortizationPrograms $24,650 · Management $6,924$31,574
IX-23 InsurancePrograms $1,110 · Management $12,189$13,299
IX-24 Other expenses (24a–d)Programs $217,962 · Management $8,345$226,307
IX-24e All other expensesPrograms $23,396 · Management $12,732$36,128
IX-25 Total functional expensesPrograms $1,056,507 · Management $414,144 · Fundraising $0$1,470,651
Part X · Balance sheet $2,081,893 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $549,292$608,446
X-3 Pledges and grants receivableStart of year $247,177$125,334
X-4 Accounts receivableStart of year $50,962$48,210
X-8 Inventories for sale or useStart of year $12,058$0
X-9 Prepaid expenses and deferred chargesStart of year $1,810$342
X-10c Land, buildings and equipment, netStart of year $60,635$46,291
X-12 Other securitiesStart of year $1,095,183$1,113,623
X-14 Intangible assetsStart of year $66,321$59,397
X-15 Other assetsStart of year $73,786$80,250
X-16 Total assetsStart of year $2,157,224$2,081,893
X-17 Accounts payable and accrued expensesStart of year $37,074$21,548
X-19 Deferred revenueStart of year $62,871$52,493
X-25 Other liabilitiesStart of year $73,786$80,250
X-26 Total liabilitiesStart of year $173,731$154,291
X-27 Net assets without donor restrictionsStart of year $626,364$671,934
X-28 Net assets with donor restrictionsStart of year $1,357,129$1,255,668
X-32 Total net assets or fund balancesStart of year $1,983,493$1,927,602
X-33 Total liabilities and net assetsStart of year $2,157,224$2,081,893
Part XI · Reconciliation of net assets $1,927,602 net assets at year end
XI-1 Total revenue$1,325,695
XI-2 Total expenses$1,470,651
XI-3 Revenue less expenses−$144,956
XI-4 Net assets at start of year$1,983,493
XI-5 Net unrealized gains (losses) on investments$89,065
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,927,602

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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