Overview
What is Illini Media Company?
Illini Media Company, situated in Champaign, Illinois, is a thriving nonprofit organization committed to providing an exceptional educational experience for university students in media production and sales. The company operates a student newspaper, radio broadcasting, yearbook, and a quarterly student magazine, offering a professional, hands-on learning environment. This well-established company is dedicated to its mission of offering comprehensive training, providing current tools and resources, and creating a challenging, fast-paced environment to nurture future journalists, broadcasters, and managers. Illini Media Company values freedom of expression principles and ethical business practices, allowing students to lead daily media operations while learning the responsibility of making independent decisions. The company's 155 employees contribute to the production of high-quality communication vehicles, reaching readers, listeners, and viewers across the campus and community.
Official website here: www.illinimedia.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
Illini Media Company has earned a solid Three-Star rating based on its Accountability & Finance score of 77%. This rating reflects the organization's commitment to maintaining a well-structured financial oversight, as demonstrated by its fully independent board and comprehensive audit processes. The charity has scored exceptionally well in several areas, including having a majority of independent board members and a high program expense ratio, indicating a strong focus on its mission-driven activities.
While the organization demonstrates strong governance practices, it does have some limitations. Notably, it lacks a whistleblower policy, which is a critical component for ensuring transparency and accountability within nonprofit operations. Additionally, the liabilities to assets ratio is concerning at 90.48%, suggesting potential financial vulnerability that may need to be addressed for long-term sustainability.
Overall, Illini Media Company shows a commendable performance in accountability and finance, with strengths in governance and program spending. However, attention to policies and financial ratios will be essential to enhance its operational effectiveness and trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Illini Media Company legitimate?
Illini Media Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illini Media Company submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $146,667
Professional Fundraising Fees: $0
Other Salaries and Wages: $155,301
For more financial information, click here
Official website here: www.illinimedia.com
What is the mission statement of Illini Media Company?
Illini Media Company is dedicated to offering an unparalleled educational opportunity for its student employees. This commitment is at the heart of their decision-making process. By running a successful and well-managed company, Illini Media provides a professional, hands-on learning environment for students. This environment allows them to create high-quality communication vehicles, reaching readers, listeners, and viewers across their campus and community. Through comprehensive training, providing current tools and resources, and fostering a challenging, fast-paced environment, Illini Media aims to develop highly sought-after journalists, broadcasters, and managers. The students who lead the daily media operations learn the importance of making independent decisions and gain an understanding and respect for cherished freedom of expression principles and ethical business practices.
Official website here: www.illinimedia.com
Who is the CEO of Illini Media Company?
Chris Harlan is the Student Board Member of Illini Media Company.
Official website here: www.illinimedia.com
What is the revenue of Illini Media Company?
Illini Media Company's revenue in 2022 was $954,260.
Official website here: www.illinimedia.com
Who are the executives of Illini Media Company and what are their salaries?
The average compensation at Illini Media Company during 2022 was $1,948. There are 155 employees and 120 volunteers at Illini Media Company.
Here are 11 key members and their salaries:
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- Compensation: $76,667
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Official website here: www.illinimedia.com
Where can I find the form 990 for Illini Media Company?
Illini Media Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.illinimedia.com
Learn more at the official website: www.illinimedia.com
Mission Statement of Illini Media Company
Illini Media Company is dedicated to offering an unparalleled educational opportunity for its student employees, prioritizing this mission in all internal decision-making processes. The organization's well-established and successful business model allows it to provide a professional, hands-on learning environment. This environment is designed to nurture future journalists, broadcasters, and managers. Illini Media achieves this by offering comprehensive training, providing up-to-date tools and resources, and creating a challenging, fast-paced environment. This approach helps in developing highly sought-after professionals who value freedom of expression principles and ethical business practices. The company's student employees lead the daily operations of its media outlets, learning the responsibility of making independent decisions. This experience equips them with a deep understanding and respect for the cherished principles of freedom of expression and ethical business practices.
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Impact
October, 2024
Illini Media Company significantly shapes the educational landscape for university students in media-related fields. By providing an immersive, hands-on learning environment, it cultivates the next generation of journalists, broadcasters, and managers. Students engage in various media productions, including a student newspaper, radio broadcasting, a yearbook, and a quarterly magazine, allowing them to apply theoretical knowledge in practical settings.
The company emphasizes comprehensive training and access to modern tools and resources, which enhances students' skill sets and prepares them for careers in media. This commitment to fostering a fast-paced, dynamic learning atmosphere encourages independent decision-making, fosters a deep understanding of the principles of freedom of expression, and instills ethical business practices. As a result, Illini Media not only equips students with essential professional competencies but also enriches the broader community by delivering high-quality communication across various platforms.
This information is meant to be a general summary of Illini Media Company. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $582,762
- Gross Receipts: $954,260
Assets and Liabilities:
- Total Assets: $660,510
- Total Liabilities: $597,660
- Net Assets: $62,850
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDIA SALES
Revenue
$368,414
UIUC STUDENT FEES
Revenue
$164,245
OTHER REVENUE
Revenue
$50,103
Organization Details
Founding Year
1911
Phone
(217) 337-8310Principal Officer
Chris Harlan
Main Address
1001 SOUTH WRIGHT ST, CHAMPAIGN, IL, 61820
Website
www.illinimedia.comNTEE Category
Code: B400 - Education
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