2025-10-20T09:57:51-05:00 2024-12-31 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2024-01-01 861715499 THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM VENE 4102468000 621 EAST PRATT STREET 401 BALTIMORE MD 21202 MICHAEL KATZ TREASURER 4102468000 2025-09-23 1 0 MONIQUE BOOKER P00644231 4105840060 2024 2025-03-06 01:10:19Z THE BALTIMORE BANNER MICHAEL KATZ 621 EAST PRATT STREET 401 BALTIMORE MD 21202 27757787 0 X THEBALTIMOREBANNER.COM X 2021 DE TO BE THE MOST ESSENTIAL AND COMPELLING NEWS RESOURCE FOR THE PEOPLE OF MARYLAND. WE INFORM, STREGTHEN, AND INSPIRE THE COMMUNITIES WE SERVE BY PROVIDING TRUSTED JOURNALISM THAT TELLS PEOPLE'S STORIES, HOLDS LEADERS ACCOUNTABLE, AND DELIVERS A WIDE RANGE OF LOCAL NEWS THAT READERS AND PARTNERS ARE EAGER TO SUPPORT. 10 8 158 0 6519221 0 15746848 14837315 3290474 7522676 222294 490349 10573115 4492376 29832731 27342716 0 0 0 0 14466691 18292202 0 0 1165585 15195083 10523864 29661774 28816066 170957 -1473350 25548498 24468918 5773315 6140239 19775183 18328679 X TO BE THE MOST ESSENTIAL AND COMPELLING NEWS RESOURCE FOR THE PEOPLE OF MARYLAND. WE INFORM, STREGTHEN, AND INSPIRE THE COMMUNITIES WE SERVE BY PROVIDING TRUSTED JOURNALISM THAT TELLS PEOPLE'S STORIES, HOLDS LEADERS ACCOUNTABLE, AND DELIVERS A WIDE RANGE OF LOCAL NEWS THAT READERS AND PARTNERS ARE EAGER TO SUPPORT. 0 0 25355630 7522676 THE VENETOULIS INSTITUTE IS A NONPROFIT ORGANIZATION FOUNDED TO BRING HIGH-QUALITY LOCAL JOURNALISM TO BALTIMORE AND MARYLAND. IN JUNE 2022, WE LAUNCHED THE BALTIMORE BANNER TO FULFILL OUR MISSION. THE BANNER IS A MULTI-PLATFORM NEWS OPERATION COVERING A BROAD RANGE OF TOPICS, FROM LOCAL AND STATE GOVERNMENT TO BUSINESS, SPORTS, EDUCATION, CULTURE, AND THE ARTS. WE SEEK TO CREATE A VIBRANT, TRUSTWORTHY, AND SUSTAINABLE NEWS ORGANIZATION THAT REINVENTS WHAT LOCAL JOURNALISM CAN BE. 25355630 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 112 0 158 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 10 8 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 1 0 MD X MICHAEL KATZ 4102468000 621 EAST PRATT STREET 401 BALTIMORE MD 21202 BRIAN MCGRORY DIRECTOR, INTERIM CEO, & PRESIDENT 40.00 X X 272521 0 0 CLAY FISHER DIRECTOR 1.00 X 0 0 0 JANET CURRIE DIRECTOR 1.00 X 0 0 0 JEDD GOULD SECRETARY 1.00 X 0 0 0 JOSH TYRANGIEL DIRECTOR 1.00 X 0 0 0 ROBERT COHN PRESIDENT, & CEO 40.00 X X 415852 0 35144 SANDY BAINUM DIRECTOR 1.00 X 0 0 0 SHANAYSHA SAULS DIRECTOR 1.00 X 0 0 0 STEWART BAINUM JR CHAIRMAN 5.00 X 0 0 0 WILLIAM BILL L JEWS DIRECTOR 1.00 X 0 0 0 KIMIKO YOSHINO EDITOR IN CHIEF 40.00 X 481160 0 34310 MICHAEL KATZ TREASURER, SVP OF FINANCE & ANALYTICS 40.00 X 281330 0 22000 ANDRE JONES SVP OF PEOPLE, CULTURE, DIVERSITY 40.00 X 261330 0 18900 BISWAJIT GANGULY CHIEF TECHNOLOGY OFFICER 40.00 X 285498 0 41593 KLAS UDEN CHIEF MARKETING OFFICER 40.00 X 398986 0 44752 SARAH WALTON CHIEF PHILANTHROPY OFFICER 40.00 X 238250 0 38041 SHARON NEVINS CHIEF REVENUE OFFICER 40.00 X 434461 0 38575 ANDREA MCDANIELS MANAGING EDITOR 40.00 X 262255 0 17147 ERIC ULKEN VP OF PRODUCT MANAGEMENT 40.00 X 227036 0 28602 MONIQUE JONES VP OF EDITORIAL AND BUSINESS DEVELOPMENT 40.00 X 261693 0 13368 NHAN NGO DIRECTOR, DIGITAL SALES OPERATIONS 40.00 X 217839 0 0 RICHARD MARTIN DEPUTY MANAGING EDITOR 40.00 X 209736 0 32054 4247947 0 364486 47 0 1 0 NTOOITIVE DIGITAL LLC 8831 W SAHARA AVE LAS VEGAS NV 89117 MEDIA 2328274 BOYLE SOFTWARE INC 42 WEST 24TH ST NEW YORK NY 10010 TECHNOLOGY 487808 VENABLE LLP 750 E PRATT ST SUITE 900 BALTIMORE MD 21202 LEGAL SERVICES 349437 FIRSTSOURCE GROUP USA INC 1661 LYNDON FARM CT LOIUSVILLE KY 40223 OUTSOURCED STAFFING 345552 AGILE ENGINE LLC 433 PLAZA REAL STE 275 BOCA RATON FL 33432 TECHNOLOGY 326640 12 922821 13914494 14837315 SUBSCRIPTIONS 513110 5554610 5554610 ADVERTISING 513110 1789559 1789559 OTHER FEES AND CHARGES 513110 178507 178507 7522676 490349 490349 177785 904321 415071 -237286 -237286 ADVERTISING - OTHER 513110 4729662 4729662 4729662 27342716 5733117 6519221 253063 X 4339912 3487119 600210 252583 11393826 10073703 806441 513682 443892 382977 40941 19974 1042069 904769 92280 45020 1072503 925322 98920 48261 276882 238884 25537 12461 447769 445437 2332 23500 23500 23659 23659 4791203 4401547 272817 116839 1557353 1531541 18485 7327 64553 55694 5953 2906 917407 791511 84615 41281 471433 406736 43482 21215 246988 213094 22780 11114 777287 672140 70699 34448 43008 37103 3967 1938 CREDIT CARD PROCESSING 279476 276911 2565 CONTENT & RESEARCH 133721 123430 10291 TRAINING AND DEVELOPMEN 129121 111402 11909 5810 BAD DEBT EXPENSES 108495 75526 25095 7874 232009 200784 21229 9996 28816066 25355630 2294851 1165585 2031748 2747589 724782 613876 4272749 2938519 256739 332427 3412608 1577222 2746628 1835386 15467935 15973204 47917 27917 25548498 24468918 3528773 4008823 883751 1125006 1360791 1006410 5773315 6140239 X 18831450 17365051 943733 963628 19775183 18328679 25548498 24468918 -1473350 26846 0 X 0 1 X 1 0 X 5843 2418214 15746848 14837315 33008220 2216501 5733117 7949618 5843 2418214 17963349 20570432 40957838 13000000 11000000 24000000 0 13000000 11000000 24000000 16957838 9078 -5948 222294 490349 715773 607052 607052 9078 -5948 829346 490349 1322825 14921 2412266 18792695 21060781 42280663 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 44562 7116 37446 581645 373326 208319 2786401 1196780 1589621 1835386 LEASE LIABILITY 1006410 1006410 X 27760974 26846 415071 441917 27319057 23659 23659 27342716 29207478 415071 415071 28792407 23659 23659 28816066 PART X, LINE 2: VILJ IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. VILJ HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A)(1). INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE PROVISIONS INCLUDED IN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. VILJ PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR, WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2024, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2021 THROUGH 2024 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH VILJ FILES TAX RETURNS. IT IS VILJ'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: EVENTS - DIRECT COSTS 415,071. PART XII, LINE 2D - OTHER ADJUSTMENTS: EVENTS - DIRECT COSTS 415,071. X MD AK AL AR AZ CA CO CT DE FL GA HI IA ID IL IN KS KY LA MA ME MI MN MO MS MT NC NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX VA VT WA WI WV WY IMPACT MD 578699 521594 57105 20041 31665 10000 99254 INNOVATE HER 97854 88734 9120 6250 22050 26829 8 405553 293993 111560 15793 122861 60328 1082106 904321 177785 42084 176576 10000 186411 415071 -237286 X X 1 0 0 1 0 1 0 0 0 KIMIKO YOSHINO EDITOR IN CHIEF 341160 0 140000 0 0 0 10462 0 23848 0 515470 0 0 0 SHARON NEVINS CHIEF REVENUE OFFICER 273477 0 160984 0 0 0 12594 0 25981 0 473036 0 0 0 ROBERT COHN PRESIDENT, & CEO 415852 0 0 0 0 0 10723 0 24421 0 450996 0 0 0 KLAS UDEN CHIEF MARKETING OFFICER 280986 0 118000 0 0 0 13800 0 30952 0 443738 0 0 0 BISWAJIT GANGULY CHIEF TECHNOLOGY OFFICER 221098 0 64400 0 0 0 11776 0 29817 0 327091 0 0 0 MICHAEL KATZ TREASURER, SVP OF FINANCE & ANALYTIC 218830 0 62500 0 0 0 11000 0 11000 0 303330 0 0 0 ANDRE JONES SVP OF PEOPLE, CULTURE, DIVERSITY 208830 0 52500 0 0 0 9450 0 9450 0 280230 0 0 0 ANDREA MCDANIELS MANAGING EDITOR 222255 0 40000 0 0 0 5632 0 11515 0 279402 0 0 0 SARAH WALTON CHIEF PHILANTHROPY OFFICER 223250 0 15000 0 0 0 10000 0 28041 0 276291 0 0 0 MONIQUE JONES VP OF EDITORIAL AND BUSINESS DEVELOP 221693 0 40000 0 0 0 1408 0 11960 0 275061 0 0 0 BRIAN MCGRORY DIRECTOR, INTERIM CEO, & PRESIDENT 272521 0 0 0 0 0 0 0 0 0 272521 0 0 0 ERIC ULKEN VP OF PRODUCT MANAGEMENT 208536 0 18500 0 0 0 8523 0 20079 0 255638 0 0 0 RICHARD MARTIN DEPUTY MANAGING EDITOR 184736 0 25000 0 0 0 7963 0 24091 0 241790 0 0 0 NHAN NGO DIRECTOR, DIGITAL SALES OPERATIONS 113830 0 104009 0 0 0 0 0 0 0 217839 0 0 0 PART I, LINE 5 BONUSES ARE BASED ON COMPANY FINANCIAL PERFORMANCE AND INDIVIDUAL EMPLOYEE PERFORMANCE. PART I, LINE 6 COMMISSIONS ARE BASED ON COMPANY SALES. BRIAN MCGRORY INTERESTED PERSON IS A BOARD MEMBER 226445 CEO CONSULTING SERVICES 0 WHITE OAK RESOURCES LLC (FORMERLY REALTY INVESTMENT CO) 25% OF ENTITY OWNED BY A DIRECTOR & OFFICER (STEWART BAINUM JR.) 8691 ACCOUNTING / TAX 0 FORM 990, PART VI, SECTION A, LINE 2 STEWART BAINUM, JR HAS BUSINESS RELATIONSHIPS WITH WILLIAM JEWS. FORM 990, PART VI, SECTION A, LINE 7A ONE OF THE BOARD MEMBERS SERVED AS INTERIM CEO & PRESIDENT AND THUS COULD VOTE ON BOARD OF DIRECTORS MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD TREASURER AND THE CONTROLLER REVIEW THE RETURN WITH THE TAX PREPARER. THEN A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C VILJ ENACTED A CONFLICT OF INTEREST POLICY AT INCEPTION AND CIRCULATED IT TO ALL DIRECTORS AND EXECUTIVES. DIRECTORS AND EXECUTIVES ARE ASKED TO DISCLOSE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 VILJ ACCUMULATED COMPENSATION DATA FROM NUMEROUS SOURCES INCLUDING NATIONAL EXECUTIVE SEARCH FIRMS FAMILIAR WITH THE INDUSTRY TO EVALUATE AND DETERMINE THE COMPENSATION OF THE KEY OFFICERS. DATA WAS PRESENTED TO THE BOARD FOR APPROVAL OF OFFICER COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 VILJ MAKES THE ORGANIZATIONAL AND GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 4,401,547. MANAGEMENT AND GENERAL EXPENSES 272,817. FUNDRAISING EXPENSES 116,839. TOTAL EXPENSES 4,791,203. BANNER MEDIA LLC 621 E PRATT ST SUITE 401 BALTIMORE MD 21202 923060470 ADVERTISING MD 6519221 2297069 THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM