2024-11-14T15:33:46-06:00 2024-06-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2023-07-01 874304197 CHICAGO SUN-TIMES MEDIA INC CHIC 3123213000 848 EAST GRAND AVENUE NAVY PIER CHICAGO IL 60611 MELISSA BELL PRESIDENT 3123213000 2024-11-10 1 1 LU ANN TRAPP P01506476 3122071040 2024-11-10 2023 2024-10-15 13:58:12Z MELISSA BELL 848 EAST GRAND AVENUE NAVY PIER CHICAGO IL 60611 39465977 0 X HTTPS://CHICAGO.SUNTIMES.COM X 2022 DE CHICAGO SUN-TIMES SERVES THE PUBLIC INTEREST BY PROVIDING NEWS AND INFORMATION THROUGH LOCAL AND INDEPENDENT JOURNALISM. 5 4 184 4 8468387 0 10330920 11188146 29674072 27942801 50370 21742 326620 306899 40381982 39459588 0 0 0 0 16584076 19428777 0 0 4318346 22081141 21158543 38665217 40587320 1716765 -1127732 32946942 32090972 5257177 5528941 27689765 26562031 CHICAGO SUN-TIMES SERVES THE PUBLIC INTEREST BY STRENGTHENING THE WELL-BEING OF OUR LOCAL COMMUNITIES AND OUR DEMOCRACY THROUGH INDEPENDENT LOCAL JOURNALISM. 0 0 32067655 19657505 CHICAGO SUN-TIMES MEDIA, INC IS A 501(C)(3) CHARITABLE ORGANIZATION THAT SERVES THE PUBLIC INTEREST BY STRENGTHENING THE WELL-BEING OF OUR LOCAL COMMUNITIES AND OUR DEMOCRACY THROUGH INDEPENDENT LOCAL JOURNALISM. CHICAGO SUN-TIMES MEDIA PRODUCES ACCESSIBLE, TRUSTED NEWS, INFORMATION AND PROGRAMMING THAT HELPS ALL CHICAGO AREA RESIDENTS MAKE INFORMED DECISIONS EVERY DAY, PARTICIPATE IN OUR DIVERSE COMMUNITIES AND MAKE THE MOST OF OUR REGION. 32067655 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 116 0 1 184 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 1 1 0 1 1 1 1 1 0 0 1 1 1 1 1 0 0 1 0 CA IL MI NY WI X X RINA DEDHIA 3129484634 848 EAST GRAND AVENUE CHICAGO IL 60611 MATTHEW MOOG PRESIDENT 19.00 21.00 X X 0 685767 37094 ADRIENNE KING DIRECTOR 1.25 1.25 X 0 0 0 LERRY J KNOX JR DIRECTOR 1.25 1.25 X 0 0 0 KRISTEN MACK DIRECTOR 1.25 0.00 X 0 0 0 ARETAE WYLER DIRECTOR 1.25 0.00 X 0 0 0 RINA DEDHIA TREASURER 16.00 24.00 X 0 372453 38335 CYNTHIA PHOTOS ABBOTT SECRETARY 20.00 20.00 X 0 303260 29297 MARY T HOFFMAN VP OF ADVERTISING (TO 8/2023) 40.00 0.00 X 205094 0 7630 BRIAN M WATSON CHIEF DIGITAL OFFICER 40.00 0.00 X 208457 0 4009 LYNN D SWEET WASHINGTON BUREAU CHIEF 40.00 0.00 X 177686 0 9478 CRISTINA ESCOBEDO CONTROLLER 40.00 0.00 X 179682 0 9060 FRAN S STONE CITY HALL REPORTER 40.00 0.00 X 160127 0 1577 JENNIFER J KHO KRUPNICK EXECUTIVE EDITOR 40.00 0.00 X 282265 0 21495 DAVID L NEWBART MANAGING EDITOR 40.00 0.00 X 163985 0 8863 NYKIA WRIGHT CEO (TO 2/2023) 40.00 0.00 X 412129 0 8693 1789425 1361480 175531 37 1 1 0 G&R PUBLIC LAW & STRATEGIES LLC 20 SOUTH CLARK ST - SUITE 1620 CHICAGO IL 60603 LEGAL SERVICES 242500 MILLENNIAL SERVICES LLC 3338 MARQUETTE TRAIL MICHIGAN CITY IN 46360 INBOUND CIRCULATION CALL CENTER 235010 JONES DAY PO BOX 7805 BEN FRANKLIN STATION WASHINGTON DC 20044 LEGAL SERVICES 220341 VOX MEDIA LLC PO BOX 200064 PITTSBURGH PA 15251 SOFTWARE LICENSING SALES 215250 MADISON MARKETING AGENCY LCC 130 E MARION AVE STE 512121 PUNTA GORDA FL 33951 DIRECT MAIL SERVICES 189967 8 11188146 11188146 CIRCULATION REVENUE 513110 19101825 19101825 PRINT & DIGITAL ADVERTISING 513110 8468387 8468387 WIRE SERVICE REVENUE 513110 372589 372589 27942801 28131 28131 183091 183091 6389 -6389 -6389 -6389 OTHER REVENUE 900099 123808 123808 123808 39459588 19657505 8468387 145550 X 3112513 1382386 1127528 602599 13631954 10802369 1744893 1084692 179223 145740 20354 13129 1543331 1283480 98912 160939 961756 764580 112063 85113 121334 71173 50161 108325 69174 39151 6814883 5729249 401015 684619 459385 236535 222850 270662 144901 48278 77483 1510711 882600 329977 298134 957701 761356 111590 84755 385581 373775 8553 3253 72669 47904 24745 20 90411 71875 10535 8001 321272 255406 37434 28432 PRINTING & DISTRIBUTION 7148157 7058264 89893 2897452 1986888 36130 874434 40587320 32067655 4201319 4318346 8083485 6563112 12871158 11901177 1284389 1216377 419979 533946 634726 313127 360926 321599 9927005 11554761 32946942 32090972 2084343 2572350 3172834 2956591 5257177 5528941 X 8626262 10401838 19063503 16160193 27689765 26562031 32946942 32090972 X -1127732 -2 X 0 1 X 1 0 X 32107702 10330920 11188146 53626768 32107702 10330920 11188146 53626768 36087361 17539407 67273 253252 183091 503616 19186 123735 145550 288471 54418855 53612861 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 634726 313127 321599 321599 DUE FROM AFFILIATE 11554761 11554761 41744978 269500 269500 41475478 -2015890 -2015890 39459588 40856824 269500 269500 40587324 -4 -4 40587320 PART XI, LINE 4B - OTHER ADJUSTMENTS: NON-OPERATING - LOSS ON DISPOSAL OF ASSETS -6,389. ROUNDING -1. TRANSFER TO OPERATING ACTIVITY -2,009,500. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING -4. 1 0 0 0 0 0 0 1 0 MATTHEW MOOG PRESIDENT 0 487811 0 197956 0 0 0 13200 0 23894 0 722861 0 0 NYKIA WRIGHT CEO (TO 2/2023) 58283 0 0 0 353846 0 0 0 8693 0 420822 0 353846 0 RINA DEDHIA TREASURER 0 315453 0 57000 0 0 0 13200 0 25135 0 410788 0 0 CYNTHIA PHOTOS ABBOTT SECRETARY 0 268260 0 35000 0 0 0 11989 0 17308 0 332557 0 0 JENNIFER J KHO KRUPNICK EXECUTIVE EDITOR 247265 0 35000 0 0 0 3288 0 18207 0 303760 0 0 0 MARY T HOFFMAN VP OF ADVERTISING (TO 8/2023) 107289 0 61805 0 36000 0 1109 0 6521 0 212724 0 0 0 BRIAN M WATSON CHIEF DIGITAL OFFICER 208457 0 0 0 0 0 2210 0 1799 0 212466 0 0 0 CRISTINA ESCOBEDO CONTROLLER 179682 0 0 0 0 0 1855 0 7205 0 188742 0 0 0 LYNN D SWEET WASHINGTON BUREAU CHIEF 177686 0 0 0 0 0 0 0 9478 0 187164 0 0 0 DAVID L NEWBART MANAGING EDITOR 163985 0 0 0 0 0 1523 0 7340 0 172848 0 0 0 FRAN S STONE CITY HALL REPORTER 160127 0 0 0 0 0 1577 0 0 0 161704 0 0 0 PART I, LINE 3 ACCORDING TO THE BYLAWS OF CHICAGO SUN-TIMES MEDIA, INC., ("CSTM") THE CEO OF CHICAGO PUBLIC MEDIA ("CPM") SERVES EX OFFICIO AS THE PRESIDENT OF CSTM. THE PRESIDENT IS PAID BY CPM AND COMPENSATION WAS DETERMINED BY THE CPM COMPENSATION COMMITTEE. THE CSTM BOARD DID NOT REVIEW OR APPROVE THE PRESIDENT'S COMPENSATION. THE CSTM BOARD OF DIRECTORS, COMPRISED OF INDEPENDENT DIRECTORS, REVIEWED AND APPROVED THE ADEQUACY AND REASONABLENESS OF THE COMPENSATION OF SENIOR EXECUTIVES OF CSTM. THE PROCESS INCLUDED REVIEW OF A REPORT PREPARED BY AN INDEPENDENT CONSULTANT ANALYZING COMPENSATION DATA FROM COMPARABLE ORGANIZATIONS. THE ORGANIZATION HIRES AN INDEPENDENT COMPENSATION CONSULTANT TO PREPARE THE ABOVE MENTIONED REPORT EVERY TWO TO THREE YEARS. THE REPORT IS UPDATED ANNUALLY. THE DELIBERATIONS AND DECISIONS OF THE BOARD REGARDING COMPENSATION ARE DOCUMENTED IN THE BOARD'S MEETING MINUTES. THE BOARD MET IN AUGUST 2024 TO REVIEW COMPENSATION OF SENIOR EXECUTIVES. PART I, LINE 4A THE PRIOR CEO RECEIVED INSTALLMENT PAYMENTS FROM FEBRUARY 2023 THROUGH FEBRUARY 2024 PURSUANT TO AN AGREEMENT APPROVED BY THE CHICAGO SUN-TIMES MEDIA INC. BOARD. THE TOTAL AMOUNT WAS REPORTED AS DEFERRED COMPENSATION ON THE PRIOR FORM 990 FOR FYE 6/30/23. 2023 PAYMENTS, WHICH WERE RECEIVED DURING 2023 AND REPORTED ON THE 2023 FORM W-2, ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III) AND ALSO COLUMN (F) SINCE THE AMOUNTS WERE ALSO REPORTED ON THE PRIOR FORM 990 AS DEFERRED COMP. THE PRIOR VP OF ADVERTISING RECEIVED SEVERANCE PAYMENTS. THIS AMOUNT IS INCLUDED ON SCHEDULE J, PART II, COLUMN (B)(III) AS OTHER REPORTABLE COMPENSATION. THE TOTAL AMOUNT OF SEVERANCE PAID BY DECEMBER 2023 WAS $36,000. PART I, LINE 7 AS INDICATED IN SCHEDULE J, PART II, THE VP OF ADVERTISING RECEIVED DISCRETIONARY COMMISSIONS BASED ON THE PERFORMANCE OF THE ADVERTISING TEAM. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS A SHARED SERVICES AGREEMENT WITH A RELATED ORGANIZATION, CHICAGO PUBLIC MEDIA, INC. THIS AGREEMENT INCLUDES ADMINISTRATIVE SERVICES AND ALSO STRATEGIC GUIDANCE, FUNDRAISING, MARKETING AND LEGAL COUNSEL. FORM 990, PART VI, SECTION A, LINE 4 ON SEPTEMBER 12, 2023, THE CSTM BOARD OF DIRECTORS APPROVED AMENDMENTS TO THE CSTM BYLAWS. THE CHANGES BECAME EFFECTIVE ON SEPTEMBER 13, 2023, WHEN CSTM'S SOLE MEMBER, CHICAGO PUBLIC MEDIA, INC., APPROVED THE AMENDMENTS. THE KEY AMENDMENTS ARE CONTAINED IN ARTICLE IV. THE AMENDMENTS ELIMINATE THE CEO ROLE BUT PRESERVE THE ROLE OF PRESIDENT, WHICH IS REQUIRED BY DELAWARE LAW. THE AMENDMENTS ALSO DESIGNATE THAT A DIRECTOR OF THE MEMBER, CPM, SHALL SERVE AS BOARD CHAIR; AND, APPOINT THE CEO OF CPM TO SERVE AS PRESIDENT OF CSTM ON AN EX OFFICIO BASIS. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE CORPORATION IS CHICAGO PUBLIC MEDIA, INC., AN ILLINOIS NOT-FOR-PROFIT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER HAS THE RIGHT TO ELECT ALL MEMBERS OF THE BOARD OF DIRECTORS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B IN ADDITION TO THE RIGHTS AND POWERS ACCORDED A MEMBER BY DELAWARE LAW, THE AFFIRMATIVE VOTE OR CONSENT OF THE MEMBER SHALL BE REQUIRED WITH RESPECT TO THE FOLLOWING: A. ELECTION OF ALL MEMBERS OF THE BOARD OF DIRECTORS OF THE CORPORATION; B. APPROVAL OF THE BORROWING OF ANY SUM, THE PRINCIPAL OF WHICH EXCEEDS $50,000, OR WHICH HAS A STATED TERM OF GREATER THAN ONE YEAR, OR WHICH IS SECURED BY A MORTGAGE OF ALL OR ANY PORTION OF THE CORPORATION'S REAL PROPERTY OR THE CREATION OF A SECURITY INTEREST IN THE CORPORATION'S ASSETS, INCLUDING PERSONAL PROPERTY AND REVENUES, FOR THE BENEFIT OF THE LENDER, LESSOR OR VENDOR, OR THE DEFEASANCE, ADVANCE PAYMENT OR CANCELLATION OF ANY OUTSTANDING DEBT OF THE CATEGORY DESCRIBED HEREIN; C. APPROVAL OF ANY VOLUNTARY DISSOLUTION, MERGER, CONSOLIDATION, SALE OR TRANSFER OF SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS (DEFINED AS 10% OR MORE), OR ANY CREATION OF A SUBSIDIARY OR AFFILIATE CORPORATION OF THE CORPORATION; D. APPROVAL OF ALL ANNUAL AND LONG-TERM CAPITAL, OPERATIONAL BUDGETS AND STRATEGIC PLANS OF THE CORPORATION; E. ADOPTION OF, APPROVAL OF AMENDMENTS TO, OR AMENDMENT OF THE CERTIFICATE OF INCORPORATION OR BYLAWS OF THE CORPORATION; F. APPROVAL OF ANY GUARANTY OF DEBT; G. APPROVAL OF ANY SIGNIFICANT CHANGES IN THE CORPORATION'S INSURANCE SPECIFICATIONS OR LIMITS; H. APPROVAL OF THE SELECTION OF, OR CHANGES OF, INDEPENDENT AUDITORS; I. APPROVAL OF ANY SALE OR TRANSFER OF CORPORATION ASSETS TO A NON-AFFILIATED ENTITY OR A THIRD-PARTY ENTITY; AND J. APPROVAL OF ANY CONTRACT BETWEEN THE CORPORATION AND A THIRD PARTY WHICH INVOLVES THE PROVISION OF GOODS AND SERVICES HAVING A VALUE IN EXCESS OF $250,000 FOR CAPITAL OR $500,000 IN AGGREGATE FOR OPERATING AND CAPITAL WHICH HAD NOT BEEN PREVIOUSLY APPROVED BY MEMBER IN AN ANNUAL CAPITAL OR OPERATING BUDGET. FORM 990, PART VI, SECTION B, LINE 11B THE INDEPENDENT ACCOUNTANTS PRESENT THE RETURN TO THE CHICAGO SUN-TIMES MEDIA BOARD OF DIRECTORS, IN CONSULTATION WITH THE PRESIDENT AND TREASURER, BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C WE REVIEW AND MONITOR DISCLOSED CONFLICTS OF INTERESTS. FORM 990, PART VI, SECTION B, LINE 15B THE CHICAGO SUN-TIMES MEDIA, INC.'S (CSTM) PRESIDENT IS PAID BY CHICAGO PUBLIC MEDIA, INC. (CPM) (SHARED SERVICES AGREEMENT). COMPENSATION WAS DETERMINED BY THE CPM COMP COMMITTEE, THE CSTM BOARD DID NOT REVIEW OR APPROVE THE PRESIDENT'S COMPENSATION. THE CHIEF EXECUTIVE OFFICER OF THE MEMBER SERVES EX OFFICIO AS PRESIDENT OF CSTM. THE CPM COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, COMPRISED OF INDEPENDENT DIRECTORS, REVIEWED AND APPROVED THE COMPENSATION OF THE CEO. THE PROCESS INCLUDED REVIEW OF A REPORT PREPARED BY AN INDEPENDENT CONSULTANT ANALYZING COMPENSATION DATA FROM COMPARABLE ORGANIZATIONS. THE ORGANIZATION HIRES AN INDEPENDENT COMPENSATION CONSULTANT TO PREPARE THE ABOVE MENTIONED REPORT ONCE EVERY TWO TO THREE YEARS. THE REPORT IS UPDATED ANNUALLY. THE DELIBERATIONS AND DECISIONS OF THE COMPENSATION COMMITTEE ARE DOCUMENTED IN THE COMPENSATION COMMITTEE'S MEETING MINUTES. THE COMPENSATION COMMITTEE MET IN AUGUST 2024. THE CSTM BOARD OF DIRECTORS, COMPOSED OF INDEPENDENT DIRECTORS, REVIEWED AND APPROVED THE ADEQUACY AND REASONABLENESS OF THE COMPENSATION OF SENIOR EXECUTIVES OF CSTM. THE PROCESS INCLUDED REVIEW OF A REPORT PREPARED BY AN INDEPENDENT CONSULTANT ANALYZING COMPENSATION DATA FROM COMPARABLE ORGANIZATIONS. THE ORGANIZATION HIRES AN INDEPENDENT COMPENSATION CONSULTANT TO PREPARE THE ABOVE MENTIONED REPORT EVERY TWO TO THREE YEARS. THE REPORT IS UPDATED ANNUALLY. THE DELIBERATIONS AND DECISIONS OF THE BOARD REGARDING COMPENSATION ARE DOCUMENTED IN THE BOARD'S MEETING MINUTES. THE BOARD MET IN AUGUST 2024 TO REVIEW SENIOR EXECUTIVE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 11G CONTRACTOR FEES: PROGRAM SERVICE EXPENSES 4,099,377. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,099,377. CONSULTANTS: PROGRAM SERVICE EXPENSES 793,514. MANAGEMENT AND GENERAL EXPENSES 210,560. FUNDRAISING EXPENSES 569,971. TOTAL EXPENSES 1,574,045. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 836,358. MANAGEMENT AND GENERAL EXPENSES 190,455. FUNDRAISING EXPENSES 114,648. TOTAL EXPENSES 1,141,461. FORM 990, PART XI, LINE 9: ROUNDING -2. CHICAGO PUBLIC MEDIA INC 848 E GRAND AVE NAVY PIER CHICAGO IL 60611 363687394 SERVES THE PUBLIC INTEREST BY DELIVERING DIVERSE, COMPELLING CONTENT IL 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 1