2025-03-12T12:11:18-05:00 2023-12-31 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2023-01-01 861715499 THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM VENE 4102468000 621 EAST PRATT STREET 401 BALTIMORE MD 21202 MICHAEL KATZ TREASURER 4102468000 2025-03-03 1 0 MONIQUE BOOKER P00644231 4105840060 2023 2025-03-06 01:10:19Z X THE BALTIMORE BANNER MICHAEL KATZ 621 EAST PRATT STREET 401 BALTIMORE MD 21202 30182738 0 X THEBALTIMOREBANNER.COM X 2021 DE OUR MISSION IS TO BE AN INDISPENSABLE RESOURCE THAT STRENGTHENS, UNITES, AND INSPIRES OUR BALTIMORE COMMUNITY. WE WILL ACCOMPLISH THIS THROUGH TRUSTWORTHY, QUALITY JOURNALISM THAT TELLS THE VARIED STORIES OF OUR PEOPLE, HOLDS OUR LEADERS ACCOUNTABLE, AND DELIVERS LOCAL NEWS THAT READERS ARE WILLING TO SUPPORT. 8 7 115 0 11813761 768420 16526520 15746848 764319 3290474 140186 222294 0 10573115 17431025 29832731 0 0 0 0 9752556 14466691 0 0 922912 7555029 15195083 17307585 29661774 123440 170957 23964840 25548498 4536524 5773315 19428316 19775183 X OUR MISSION IS TO BE AN INDISPENSABLE RESOURCE THAT STRENGTHENS, UNITES, AND INSPIRES OUR BALTIMORE COMMUNITY. WE WILL ACCOMPLISH THIS THROUGH TRUSTWORTHY, QUALITY JOURNALISM THAT TELLS THE VARIED STORIES OF OUR PEOPLE, HOLDS OUR LEADERS ACCOUNTABLE, AND DELIVERS LOCAL NEWS THAT READERS ARE WILLING TO SUPPORT. 0 0 26825594 3290474 THE VENETOULIS INSTITUTE IS A NONPROFIT ORGANIZATION FOUNDED TO BRING HIGH-QUALITY LOCAL JOURNALISM TO BALTIMORE AND CENTRAL 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. 26825594 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 99 0 1 115 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 8 7 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 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 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 IMTIAZ PATEL CHIEF EXECUTIVE OFFICER 40.00 X 459231 0 769 KIMIKO YOSHINO EDITIOR IN CHIEF 40.00 X 457026 0 14712 MICHAEL KATZ TREASURER & SVP OF FINANCE & ANALYTICS 40.00 X 249157 0 9966 ANDRE JONES SVP OF PEOPLE, CULTURE, DIVERSITY 40.00 X 234570 0 7437 BISWAJIT GANGULY CHIEF TECHNOLOGY OFFICER 40.00 X 255265 0 12249 KLAS UDEN CHIEF MARKETING OFFICER 40.00 X 386594 0 15238 SHARON NEVINS CHIEF REVENUE OFFICER 40.00 X 421205 0 13022 ANDREA MCDANIELS MANAGING EDITOR 40.00 X 263191 0 11190 EMMA HARRIS HEAD OF NEWSROOM AUDIENCE AND DIGITAL EXPERIENCES 40.00 X 171051 0 7956 MONIQUE JONES HEAD OF NEWSROOM STRATEGY 40.00 X 246658 0 7030 NHAN NGO DIRECTOR, DIGITAL SALES OPERATIONS 40.00 X 175423 0 0 RICHARD MARTIN DEPUTY MANAGING EDITOR 40.00 X 207755 0 10132 WILLIAM WARREN CHIEF PHILANTHROPIC OFFICER 40.00 X 233768 0 4475 3760894 0 114176 13 1 1 0 NTOOITIVE DIGITAL LLC 8831 W SAHARA AVE LAS VEGAS NV 89117 MEDIA 6249581 FIRSTSOURCE GROUP USA INC 1661 LYNDON FARM CT LOIUSVILLE KY 40223 OUTSOURCED STAFFING 867637 EGON ZEHNDER INTERNATIONAL INC 520 MADISON AVE 23RDFL NEW YORK NY 10022 EMPLOYEE SEARCH & STAFFING 312423 WASHINGTON POST ARC XP 1301 K ST NW WASHINGTON DC 20071 TECHNOLOGY 253529 BRIAN MCGRORY 621 E PRATT ST SUITE 401 BALTIMORE MD 21202 OUTSOURCED STAFFING 246582 22 610517 15136331 15746848 SUBSCRIPTIONS 513110 2212938 2212938 ADVERTISING 513110 1073973 1073973 OTHER FEES AND CHARGES 513110 3563 3563 3290474 222294 222294 183334 610517 350007 -166673 -166673 ADVERTISING - OTHER 513110 10739788 10739788 10739788 29832731 2216501 11813761 55621 X 3968455 3188654 548837 230964 8437726 7422844 584858 430024 343889 293716 31877 18296 763023 654462 68948 39613 953598 814470 88395 50733 783057 668811 72586 41660 462541 442965 19576 28438 28438 22442 22442 9535089 9330599 187315 17175 1166938 1161197 5741 48010 41006 4450 2554 754348 644290 69925 40133 384885 346422 38463 114365 90724 23641 625117 533914 57946 33257 41643 38261 2149 1233 OTHER M&A 500000 500000 UNRELATED BUSINESS INCO 234386 234386 CREDIT CARD PROCESSING 123378 120565 2813 DUES AND SUBSCRIPTIONS 89103 76102 8261 4740 281343 222206 49420 9717 29661774 26825594 1913268 922912 1573109 2031748 84566 724782 131428 4272749 229375 256739 3597892 851264 3271388 2746628 18599974 15467935 75000 47917 23964840 25548498 2155925 3528773 682941 883751 1697658 1360791 4536524 5773315 X 19048750 18831450 379566 943733 19428316 19775183 23964840 25548498 170957 175910 0 X 0 1 X 1 0 X 5843 2418214 15746848 18170905 2216501 2216501 5843 2418214 17963349 20387406 13000000 13000000 0 13000000 13000000 7387406 9078 -5948 222294 225424 607052 607052 9078 -5948 829346 832476 14921 2412266 18792695 21219882 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 44562 4146 40416 513250 241557 271693 3040080 605561 2434519 2746628 LEASE LIABILITY 1360791 1360791 X 30336206 175910 350007 525917 29810289 22442 22442 29832731 29989339 350007 350007 29639332 22442 22442 29661774 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, 2023, 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, 2023, THE STATUTE OF LIMITATIONS FOR TAX YEAR 2023 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: DIRECT FUNDRAISING COSTS 350,007. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING COSTS 350,007. X MD IMPACT MD 457706 416757 40949 13233 26462 116673 HS ATHLETES 92500 92500 14695 25881 10652 4 243645 101260 142385 2125 88326 2250 49710 793851 610517 183334 30053 140669 2250 177035 350007 -166673 X X 1 0 0 1 0 1 0 0 0 KIMIKO YOSHINO EDITIOR IN CHIEF 350000 0 107026 0 0 0 13200 0 1512 0 471738 0 0 0 IMTIAZ PATEL CHIEF EXECUTIVE OFFICER 269231 0 190000 0 0 0 769 0 0 0 460000 0 0 0 SHARON NEVINS CHIEF REVENUE OFFICER 275000 0 146205 0 0 0 11510 0 1512 0 434227 0 0 0 KLAS UDEN CHIEF MARKETING OFFICER 295000 0 91594 0 0 0 13200 0 2038 0 401832 0 0 0 ANDREA MCDANIELS MANAGING EDITOR 227751 0 35440 0 0 0 10528 0 662 0 274381 0 0 0 BISWAJIT GANGULY CHIEF TECHNOLOGY OFFICER 230000 0 25265 0 0 0 10211 0 2038 0 267514 0 0 0 MICHAEL KATZ TREASURER & SVP OF FINANCE & ANALYTI 214577 0 34580 0 0 0 9966 0 0 0 259123 0 0 0 MONIQUE JONES HEAD OF NEWSROOM STRATEGY 221658 0 25000 0 0 0 5225 0 1805 0 253688 0 0 0 ANDRE JONES SVP OF PEOPLE, CULTURE, DIVERSITY 204757 0 29813 0 0 0 7437 0 0 0 242007 0 0 0 WILLIAM WARREN CHIEF PHILANTHROPIC OFFICER 133654 0 15500 0 84614 0 4475 0 0 0 238243 0 0 0 RICHARD MARTIN DEPUTY MANAGING EDITOR 187894 0 19861 0 0 0 8310 0 1822 0 217887 0 0 0 EMMA HARRIS HEAD OF NEWSROOM AUDIENCE AND DIGITA 158654 0 12397 0 0 0 6842 0 1114 0 179007 0 0 0 NHAN NGO DIRECTOR, DIGITAL SALES OPERATIONS 107923 0 67500 0 0 0 0 0 0 0 175423 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 246582 CEO CONSULTING SERVICES 0 WHITE OAK ENTERPRISES INC 25% OF ENTITY OWNED BY A DIRECTOR & OFFICER (STEWART BAINUM JR.) 8395 ACCOUNTING / TAX 0 FORM 990, PART VI, SECTION A, LINE 2 STEWART BAINUM, JR HAS BUSINESS RELATIONSHIPS WITH WILLIAM JEWS AND CHRISTINE SHREVE. FORM 990, PART VI, SECTION A, LINE 7A ONE OF THE BOARD MEMBERS SERVED AS INTERIM CEO AND THUS COULD APPOINT BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER AND SVP OF FINANCE & ANALYTICS AND THE CONTROLLER REVIEW THE RETURN WITH THE TAX PREPARER AND THEN A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE FULL GOVERNING BODY 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. DIRECTORS 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 9,330,599. MANAGEMENT AND GENERAL EXPENSES 187,315. FUNDRAISING EXPENSES 17,175. TOTAL EXPENSES 9,535,089. AMENDED FORM 990 PART VIII ADVERTISING INCOME OF $11,813,761 WAS SPLIT BETWEEN PROGRAM SERVICES REVENUE ($1,073,973) AND MISCELLANEOUS REVENUE ($10,739,788). AMENDED FORM 990, SCHEDULE A, PART III ADDED $2,216,501 OF GROSS RECEIPTS ON LINE 3, ADDED $13,610,517 TO LINE 1 AND ADDED $13,000,000 TO LINE 7A, ADDED $607,052 OF UBIT TO LINE 10B, AND CHANGED LINE 10A FROM $199,852 TO $222,294. AMENDED FORM 990, SCHEDULE B WAS REVISED TO ADD 23 CONTRIBUTORS. AMENDED FORM 990 SCHEDULE L 35% OWNERSHIP CHANGED TO 25% IN PART IV AND V AMENDED FORM 990 PART VII, SECTION A, LINE 2 CHANGED EMPLOYEES TO 43 FROM 13. BANNER MEDIA LLC 621 E PRATT ST SUITE 401 BALTIMORE MD 21202 923060470 ADVERTISING MD 11813761 3968256 THE VENETOULIS INSTITUTE FOR LOCAL JOURNALISM