Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year
(or fiscal year beginning in)
![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 32,107,702 | 10,330,920 | 42,438,622 | |||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 32,107,702 | 10,330,920 | 42,438,622 | |||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | 28,838,672 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 13,599,950 | |||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 32,107,702 | 10,330,920 | 42,438,622 | |||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 67,273 | 253,252 | 320,525 | |||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 19,186 | 123,735 | 142,921 | |||
| 11 | Total support. Add lines 7 through 10 | 42,902,068 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2022 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2022 |
(iii) Distributable Amount for 2022 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2022 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2022 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2022: | ||||
| a From 2017....... | ||||
| b From 2018....... | ||||
| c From 2019....... | ||||
| d From 2020....... | ||||
| e From 2021....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2022 distributable amount | ||||
|
i
Carryover from 2017 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2022 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2022 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2022, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2022. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2023. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2018..... | ||||
| b Excess from 2019..... | ||||
| c Excess from 2020..... | ||||
| d Excess from 2021..... | ||||
| e Excess from 2022..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 3 | IN OCTOBER 2022, CHICAGO SUN-TIMES MEDIA, INC TRANSITIONED TO A MEMBERSHIP-SUPPORTED DONATION MODEL AND REMOVED ITS PAYWALL FROM SUNTIMES.COM TO MAKE ITS DIGITAL CONTENT AVAILABLE AS A PUBLIC GOOD. |
| 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 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 FORM 990 IS REVIEWED BY THE BOARD, PRESIDENT, AND LEGAL PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | WE REVIEW AND MONITOR DISCLOSED CONFLICTS OF INTERESTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | AS PART OF THE TRANSACTION TO ACQUIRE THE CHICAGO SUN-TIMES, INC ASSETS DURING 2022, CHICAGO SUN-TIMES MEDIA, INC. ASSUMED THE COMPENSATION RATE PAID TO THE CEO. FOR THE YEAR ENDING JUNE 30, 2023, COMPENSATION REVIEW PROCEDURES WERE PERFORMED BY RELATED ORGANIZATION, CHICAGO PUBLIC MEDIA, INC (CPM). FOLLOWING THE DEPARTURE OF THE PRIOR CEO IN FEBRUARY 2023, THE TOP MANAGEMENT OFFICIAL OF THE ORGANIZATION WAS PAID PURSUANT TO CPM'S COMPENSATION PROCEDURES. USING THE FOLLOWING PROCEDURES, THE COMPENSATION COMMITTEE OF THE CPM BOARD OF DIRECTORS, COMPRISED OF INDEPENDENT DIRECTORS, REVIEWED AND APPROVED THE COMPENSATION OF THE CEO AND REVIEWED THE ADEQUACY AND REASONABLENESS OF THE COMPENSATION OF THE SENIOR EXECUTIVES. 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 2022 AND 2023 TO REVIEW CEO AND SENIOR EXECUTIVE COMPENSATION. PROSPECTIVELY, THE BOARD OF DIRECTORS OF CHICAGO SUN-TIMES MEDIA, INC. WILL REVIEW AND APPROVE THE COMPENSATION OF THE SENIOR EXECUTIVES OF THE ORGANIZATION. THE PROCESS WILL INCLUDE THE REVIEW OF A REPORT PREPARED BY AN INDEPENDENT CONSULTANT ANALYZING COMPENSATION DATA FROM COMPARABLE ORGANIZATIONS. THE DELIBERATIONS AND DECISIONS OF THE BOARD WILL BE DOCUMENTED IN BOARD'S MEETING MINUTES. THE BOARD MET IN SEPTEMBER 2023 TO APPROVE THE COMPENSATION OF THE SENIOR EXECUTIVES USING THE PROCEDURE OUTLINED ABOVE. |
| FORM 990, PART VI, SECTION C, LINE 19 | AVAILABLE UPON REQUEST |
| FORM 990, PART IX, LINE 11G | CONTRACTOR FEES: PROGRAM SERVICE EXPENSES 4,258,707. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,258,707. CONSULTANTS: PROGRAM SERVICE EXPENSES 1,110,647. MANAGEMENT AND GENERAL EXPENSES 87,617. FUNDRAISING EXPENSES 218,279. TOTAL EXPENSES 1,416,543. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 529,446. MANAGEMENT AND GENERAL EXPENSES 49,097. FUNDRAISING EXPENSES 195,381. TOTAL EXPENSES 773,924. |
| FORM 990, PART XI, LINE 9: | ROUNDING -5. |
| Software ID: | |
| Software Version: |