Emerald Media Group INC FY2021 filing

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To serve the university of oregon community with independent student journalism in the public interest.to train students to professional standards and provide networking opportunities that make them coveted job candidates.to ensure the long-term financial viability of an independent student Media company.we produce a weekly newpaper in print, game day papers during football season, various magazines, social Media channels and a news website: dailyemerald.comwe employee and train over 175 students each year.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$126K 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

FY2021 · 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
3 of 6
filings with a surplus
Average surplus $4K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$126K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $328K in investments, Pt X · Ln 11–13
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $6K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$17K
3% of total assets
Looks good: liabilities are 3% 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
$694K
+2% vs prior year
Spent
$650K
To programs
85%
Net assets
$496K
By yearFY2020–FY2025
Revenue
$694K
FY2021▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$678K
FY2021$694K
FY2022$809K
FY2023$932K
FY2024$882K
FY2025$938K
Expenses
$650K
FY2021▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2020$753K
FY2021$650K
FY2022$777K
FY2023$888K
FY2024$882K
FY2025$962K
Net assets
$496K
FY2021▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$447K
FY2021$496K
FY2022$486K
FY2023$531K
FY2024$539K
FY2025$530K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 May 2001.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $552K Management & general 15% · $99K

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; $126K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Publisher
$72,692Pt VII · Sec A
VP of Operat
$53,138Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair/S
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Eric Henry’s $90K as Executive Director is at the 83rd percentile of top reported officer pay among 2216 $100K–1M 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Eric Henry$90,000$22,500————
Bill Kunerth—$51,687$76,875$71,538$72,692$75,000
Kathy Carbone$53,010—$50,831$49,804$53,138$58,000
Kathy Carbine—$51,463————

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 Emerald Media Group INC 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

Provides independent student journalism and professional training for University of Oregon students.

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1 program · $552K · in their own filed words · FY2020
01

The organization employed approximately 137 students during the year and provided them with the opportunity to be educated and trained in all aspects of newspaper operations.

$552Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 3 funders$6K
See all 3 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$694K
Ln 12
Fees for servicesLn 2g$555K
Gifts and grantsLn 1h$112K
Investment incomeLn 3$22K
Money outPt IX
$650K
Ln 25
Programscol B$552K
Managementcol C$99K
Owns and owesPt X
$496K
net assets · Ln 32
Cash and savingsLn 1–2$58K
Total assetsLn 16$512K
LiabilitiesLn 26$17K
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$112K
Government grantsLn 1e$99K
Fees for servicesLn 2g$555K
Investment incomeLn 3$22K
Other incomeLn 4–11$5K
Gains on assetsLn 7$12K
Total revenueLn 12$694K
Assets in detailPt X, end of year
CashLn 1$56K
SavingsLn 2$2K
Cash and savings togetherLn 1–2$58K
Accounts receivableLn 4$75K
Prepaid expenses and deferred chargesLn 9$25K
Land, buildings, equipmentLn 10c$26K
InvestmentsLn 11–13$328K
Total assetsLn 16$512K
LiabilitiesLn 26$17K
Net assetsLn 32$496K
OperationsPt I, VI
EmployeesI 5181
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$78K$58K
InvestmentsLn 11–13$303K$328K
Land, buildings, equipmentLn 10c$35K$26K
Total assetsLn 16$462K$512K
LiabilitiesLn 26$15K$17K
Net assetsLn 32$447K$496K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$143K$93K$50K
Other salaries and wagesLn 7$228K$228K
Other employee benefitsLn 9$25K$24K$240
Payroll taxesLn 10$28K$24K$3K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$320$320
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$11K$10K$1K
Information technologyLn 14$20K$20K
OccupancyLn 16$30K$325$30K
TravelLn 17$3K$3K
Depreciation, depletion and amortizationLn 22$8K$3K$5K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$120K$114K$6K
All other expensesLn 24e$13K$11K$2K
Total functional expensesLn 25$650K$552K$99K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jan 23, 2026 $938K$962K−$23K$530K 990 PDF
FY2024Filed with the IRS May 8, 2025 $882K$882K−$163$539K 990 PDF
FY2023Filed with the IRS May 13, 2024 $932K$888K$44K$531K 990 PDF
FY2022Filed with the IRS May 4, 2023 $809K$777K$33K$486K 990 PDF
FY2021 ViewingFiled with the IRS Apr 18, 2022 $694K$650K$44K$496K 990 PDF
FY2020Filed with the IRS Apr 2, 2021 $678K$753K−$75K$447K 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 FY2021 990 (6 parts)
Part I · Summary $694,027 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $65,855$112,226
I-9 Program service revenuePrior year $593,587$555,098
I-10 Investment incomePrior year $16,448$21,989
I-11 Other revenuePrior year $1,990$4,714
I-12 Total revenuePrior year $677,880$694,027
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $460,910$423,053
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $292,100$227,153
I-18 Total expensesPrior year $753,010$650,206
I-19 Revenue less expensesPrior year −$75,130$43,821
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $694,027 across 8 lines filed
VIII-1e Government grants$99,282
VIII-1f All other contributions, gifts and grants$12,944
VIII-1h Total contributions, gifts and grants$112,226
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $555,098$555,098
VIII-3 Investment incomeExcluded from tax $9,756$9,756
VIII-7 Net gain or loss on sales of assetsRelated to mission $12,233$12,233
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,714$4,714
VIII-12 Total revenueRelated to mission $572,045 · Excluded from tax $9,756$694,027
Part IX · Statement of functional expenses $650,206 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $92,746 · Management $50,288$143,034
IX-7 Other salaries and wagesPrograms $227,723$227,723
IX-9 Other employee benefitsPrograms $24,325 · Management $240$24,565
IX-10 Payroll taxesPrograms $24,436 · Management $3,295$27,731
IX-11c Accounting feesPrograms $6,325$6,325
IX-11g Other fees for servicesPrograms $320$320
IX-12 Advertising and promotionPrograms $7,938$7,938
IX-13 Office expensesPrograms $9,541 · Management $1,467$11,008
IX-14 Information technologyPrograms $20,069$20,069
IX-16 OccupancyPrograms $325 · Management $29,784$30,109
IX-17 TravelPrograms $3,453$3,453
IX-22 Depreciation, depletion and amortizationPrograms $3,181 · Management $5,195$8,376
IX-23 InsurancePrograms $6,603$6,603
IX-24 Other expenses (24a–d)Programs $113,592 · Management $6,347$119,939
IX-24e All other expensesPrograms $11,107 · Management $1,906$13,013
IX-25 Total functional expensesPrograms $551,684 · Management $98,522 · Fundraising $0$650,206
Part X · Balance sheet $512,342 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $78,324$55,965
X-2 Savings and temporary cash investmentsStart of year $165$2,304
X-4 Accounts receivableStart of year $24,043$74,760
X-9 Prepaid expenses and deferred chargesStart of year $21,986$25,174
X-10c Land, buildings and equipment, netStart of year $34,780$26,404
X-11 Publicly traded securitiesStart of year $303,147$327,735
X-16 Total assetsStart of year $462,445$512,342
X-17 Accounts payable and accrued expensesStart of year $5,800$14,627
X-25 Other liabilitiesStart of year $9,405$1,917
X-26 Total liabilitiesStart of year $15,205$16,544
X-27 Net assets without donor restrictionsStart of year $447,240$495,798
X-32 Total net assets or fund balancesStart of year $447,240$495,798
X-33 Total liabilities and net assetsStart of year $462,445$512,342
Part XI · Reconciliation of net assets $495,798 net assets at year end
XI-1 Total revenue$694,027
XI-2 Total expenses$650,206
XI-3 Revenue less expenses$43,821
XI-4 Net assets at start of year$447,240
XI-5 Net unrealized gains (losses) on investments$4,737
XI-10 Net assets at end of year$495,798

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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