Student Publications Incorporated FY2024 filing

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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.
70¢ of each $1 spent went to programs.
$149K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$149K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $1.1M in investments, Pt X · Ln 11–13
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$174K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+35% vs prior year
Spent
$1.3M
To programs
70%
Net assets
$2.0M
By yearFY2021–FY2025
Revenue
$1.2M
FY2024▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.7M
FY2022$1.3M
FY2023$895K
FY2024$1.2M
FY2025$1.3M
Expenses
$1.3M
FY2024▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2021$970K
FY2022$1.1M
FY2023$1.0M
FY2024$1.3M
FY2025$1.5M
Net assets
$2.0M
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.9M
FY2022$2.1M
FY2023$1.9M
FY2024$2.0M
FY2025$1.9M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

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

70 cents of each dollar spent went to programs.

Program services 70% · $891K Management & general 30% · $390K

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

13 people listed on the 990; $149K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$148,987Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

See Student Publications Incorporated executive salaries →

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.

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1 program · $891K · in their own filed words · FY2023
01

Operation of Student Newspaper and Two Community Newspapers

The mount vernon-lisbon sun and solon economist.

$891Kprogram expense

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 FY2024 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$122K
Investment incomeLn 3$19K
Money outPt IX
$1.3M
Ln 25
Programscol B$891K
Managementcol C$390K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$549K
Total assetsLn 16$2.2M
LiabilitiesLn 26$174K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$122K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$19K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$549K
Cash and savings togetherLn 1–2$549K
Pledges and grants receivableLn 3$247K
Accounts receivableLn 4$51K
Inventories for sale or useLn 8$12K
Prepaid expenses and deferred chargesLn 9$2K
Land, buildings, equipmentLn 10c$61K
InvestmentsLn 11–13$1.1M
Intangible assetsLn 14$66K
Other assetsLn 15$74K
Total assetsLn 16$2.2M
LiabilitiesLn 26$174K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 558
VolunteersI 615
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$18K
Share of the $1.1M endowmentSch D 1g1.7%
Typical, median of 1,806 orgs0.44%
EndowmentSch D · Pt V
LineFY24FY23FY22FY21FY20
End of yearLn 1g$1.1M$984K$1.0M$735K$600K
Given inLn 1b$81K$1K$300K
SpentLn 1d–1f$64K$55K$47K$43K$39K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$517K$549K
InvestmentsLn 11–13$971K$1.1M
Land, buildings, equipmentLn 10c$60K$61K
Total assetsLn 16$2.0M$2.2M
LiabilitiesLn 26$50K$174K
Net assetsLn 32$1.9M$2.0M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$35K$35K
Pay of current officers, directors and key staffLn 5$162K$162K
Other salaries and wagesLn 7$551K$457K$94K
Pension plan contributionsLn 8$14K$12K$2K
Other employee benefitsLn 9$47K$31K$16K
Payroll taxesLn 10$33K$15K$18K
Legal feesLn 11b$4K$2K$2K
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$18K$14K$4K
Other fees for servicesLn 11g$5K$1K$4K
OccupancyLn 16$40K$4K$35K
TravelLn 17$70K$67K$3K
Depreciation, depletion and amortizationLn 22$31K$28K$3K
InsuranceLn 23$12K$1K$11K
Other expenses (24a–d)Ln 24$232K$218K$14K
All other expensesLn 24e$14K$4K$10K
Total functional expensesLn 25$1.3M$891K$390K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 11, 2025 $1.3M$1.5M−$145K$1.9M 990 PDF
FY2024 ViewingFiled with the IRS Nov 14, 2024 $1.2M$1.3M−$76K$2.0M 990 PDF
FY2023Filed with the IRS Feb 24, 2024 $895K$1.0M−$134K$1.9M 990 PDF
FY2022Filed with the IRS May 2, 2023 $1.3M$1.1M$168K$2.1M 990 PDF
FY2021Filed with the IRS May 12, 2022 $1.7M$970K$718K$1.9M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,205,806 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $32,372$122,472
I-9 Program service revenuePrior year $860,932$1,064,597
I-10 Investment incomePrior year $1,849$18,737
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $895,153$1,205,806
I-13 Grants and similar amounts paidPrior year $32,500$35,250
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $716,733$808,180
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $280,163$438,149
I-18 Total expensesPrior year $1,029,396$1,281,579
I-19 Revenue less expensesPrior year −$134,243−$75,773
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,205,806 across 5 lines filed
VIII-1f All other contributions, gifts and grants$122,472
VIII-1h Total contributions, gifts and grants$122,472
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,064,597$1,064,597
VIII-3 Investment incomeExcluded from tax $18,737$18,737
VIII-12 Total revenueRelated to mission $1,064,597 · Unrelated business $0 · Excluded from tax $18,737$1,205,806
Part IX · Statement of functional expenses $1,281,579 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $35,250$35,250
IX-5 Pay of current officers, directors and key staffManagement $162,500$162,500
IX-7 Other salaries and wagesPrograms $456,958 · Management $94,018$550,976
IX-8 Pension plan contributionsPrograms $12,063 · Management $1,697$13,760
IX-9 Other employee benefitsPrograms $31,054 · Management $16,394$47,448
IX-10 Payroll taxesPrograms $15,235 · Management $18,261$33,496
IX-11b Legal feesPrograms $2,046 · Management $1,898$3,944
IX-11c Accounting feesManagement $11,865$11,865
IX-11f Investment management feesPrograms $14,427 · Management $3,938$18,365
IX-11g Other fees for servicesPrograms $1,140 · Management $4,166$5,306
IX-16 OccupancyPrograms $4,500 · Management $35,017$39,517
IX-17 TravelPrograms $66,647 · Management $3,447$70,094
IX-22 Depreciation, depletion and amortizationPrograms $28,380 · Management $2,884$31,264
IX-23 InsurancePrograms $1,272 · Management $10,865$12,137
IX-24 Other expenses (24a–d)Programs $218,261 · Management $13,601$231,862
IX-24e All other expensesPrograms $4,258 · Management $9,537$13,795
IX-25 Total functional expensesPrograms $891,491 · Management $390,088 · Fundraising $0$1,281,579
Part X · Balance sheet $2,157,224 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $517,071$549,292
X-3 Pledges and grants receivableStart of year $368,783$247,177
X-4 Accounts receivableStart of year $47,755$50,962
X-8 Inventories for sale or useStart of year $0$12,058
X-9 Prepaid expenses and deferred chargesStart of year $315$1,810
X-10c Land, buildings and equipment, netStart of year $60,183$60,635
X-12 Other securitiesStart of year $971,233$1,095,183
X-14 Intangible assetsStart of year $0$66,321
X-15 Other assetsStart of year $34,476$73,786
X-16 Total assetsStart of year $1,999,816$2,157,224
X-17 Accounts payable and accrued expensesStart of year $10,055$37,074
X-19 Deferred revenueStart of year $5,322$62,871
X-25 Other liabilitiesStart of year $34,476$73,786
X-26 Total liabilitiesStart of year $49,853$173,731
X-27 Net assets without donor restrictionsStart of year $597,149$626,364
X-28 Net assets with donor restrictionsStart of year $1,352,814$1,357,129
X-32 Total net assets or fund balancesStart of year $1,949,963$1,983,493
X-33 Total liabilities and net assetsStart of year $1,999,816$2,157,224
Part XI · Reconciliation of net assets $1,983,493 net assets at year end
XI-1 Total revenue$1,205,806
XI-2 Total expenses$1,281,579
XI-3 Revenue less expenses−$75,773
XI-4 Net assets at start of year$1,949,963
XI-5 Net unrealized gains (losses) on investments$109,303
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,983,493

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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