PUBLIC DISCLOSURE COPY

Transcription

1 Return of Organization Exempt From Income Tax OMB No Form Under section 51(c), 527, or 4947(a)(1) of the Internal Revenue Code (except lack lung enefit trust or private foundation) Open to Pulic Department of the Treasury Internal Revenue Service The organization may have to use a copy of this return to satisfy state reporting requirements. Inspection A For the 211 calendar year, or tax year eginning, 211, and ending, 2 B Check if applicale: I Activities & Governance Revenue Expenses Net Assets or Fund Balances C Name of organization D Employer identification numer Address change Doing Business As Name change Numer and street (or P.O. ox if mail is not delivered to street address) Room/suite E Telephone numer Initial return Terminated 823 CONGRESS AVE, SUITE 21 City or town, state or country, and ZIP + 4 (512) Amended return AUSTIN, T 7871 G Gross receipts $ 3,694,377. Application F Name and address of principal officer: H(a) Is this a group return for Yes No pending EVAN SMITH affiliates? 823 CONGRESS AVE, SUITE 21 AUSTIN, T 7871 H() Are all affiliates included? Yes No Tax-exempt status: 51(c)(3) 51(c) ( ) (insert no.) 4947(a)(1) or 527 If "No," attach a list. (see instructions) Wesite: H(c) Group exemption numer 2 Check this ox 3 Numer of voting memers of the governing ody (Part VI, line 1a) 4 Numer of independent voting memers of the governing ody (Part VI, line 1) 5 Total numer of individuals employed in calendar year 211 (Part V, line 2a) 6 Total numer of volunteers (estimate if necessary) 7a Total unrelated usiness revenue from Part VIII, column (C), line 12 Net unrelated usiness taxale income from Form 99-T, line 34 Prior Year if the organization discontinued its operations or disposed of more than 25% of its net assets. 8 Contriutions and grants (Part VIII, line 1h) 9 Program service revenue (Part VIII, line 2g) 1 Investment income (Part VIII, column (A), lines 3, 4, and 7d) 11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 1c, and 11e) 12 Total revenue - add lines 8 through 11 (must equal Part VIII, column (A), line 12) 13 Grants and similar amounts paid (Part I, column (A), lines 1-3) 14 Benefits paid to or for memers (Part I, column (A), line 4) 15 Salaries, other compensation, employee enefits (Part I, column (A), lines 5-1) 16a Professional fundraising fees (Part I, column (A), line 11e) Total fundraising expenses (Part I, column (D), line 25) 722, Other expenses (Part I, column (A), lines 11a-11d, 11f-24e) 18 Total expenses. Add lines (must equal Part I, column (A), line 25) 19 Revenue less expenses. Sutract line 18 from line Part II PUBLIC DISCLOSURE COPY TEAS TRIBUNE, INC J K Form of organization: Corporation Trust Association Other L Year of formation: 29 M State of legal domicile: T Part I Summary 1 Briefly descrie the organization's mission or most significant activities: THE TEAS TRIBUNE IS A NONPROFIT, NONPARTISAN MEDIA ORGANIZATION THAT PROMOTES CIVIC ENGAGEMENT AND DISCOURSE ON PUBLIC POLICY, POLITICS, GOVERNMENT, AND OTHER MATTERS OF STATEWIDE CONCERN. Total assets (Part, line 16) Total liailities (Part, line 26) Net assets or fund alances. Sutract line 21 from line 2 Signature Block a 7 Beginning of Current Year Current Year End of Year ,961. 2,513. 2,127,574. 2,163, ,934. 1,428,141. 3,455. 1,13. 1, ,87. 2,872,732. 3,63, ,. 4,5. 2,6,175. 2,731, , ,913. 1,17,3. 2,896,23. 3,942, , ,31. 2,959,832. 2,473, , ,732. 2,765,867. 2,363,947. Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the est of my knowledge and elief, it is true, correct, and complete. Declaration of preparer (other than officer) is ased on all information of which preparer has any knowledge. Sign Signature of officer Date Here Type or print name and PUBLIC title DISCLOSURE COPY Print/Type preparer's name Preparer's signature Date Check if PTIN Paid Raymond Lee 11/14/212 self-employed P4272 Preparer Firm's name Use Only ERNST & YOUNG U.S. LLP Firm's address 41 CONGRESS AVENUE, SUITE 18 AUSTIN, T May the IRS discuss this return with the preparer shown aove? (see instructions) Yes No Firm's EIN Phone no. For Paperwork Reduction Act Notice, see the separate instructions. Form 99 (211) 1E AU 1175 V PAGE 3

2 Form 99 (211) Page 2 Statement of Program Service Accomplishments Part III Check if Schedule O contains a response to any question in this Part III 1 Briefly descrie the organization's mission: THE TEAS TRIBUNE IS A NONPARTISAN, NONPROFIT MEDIA ORGANIZATION THAT PROMOTES CIVIC ENGAGEMENT AND DISCOURSE ON PUBLIC POLICY, POLITICS, GOVERNMENT, AND OTHER MATTERS OF STATEWIDE CONCERN. 2 Did the organization undertake any significant program services during the year which were not listed on the prior Form 99 or 99-EZ? Yes No If "Yes," descrie these new services on Schedule O. 3 Did the organization cease conducting, or make significant changes in how it conducts, any program services? Yes No If "Yes," descrie these changes on Schedule O. 4 Descrie the organization's program service accomplishments for each of its three largest program services, as measured y expenses. Section 51(c)(3) and 51(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported. 4a (Code: ) (Expenses $ 2,89,794. including grants of $ 4,5. ) (Revenue $ 681,629. ) ONLINE PUBLICATION OF ORIGINAL NEWS AND INFORMATION TO HELP THE CITIZENS OF TEAS BETTER UNDERSTAND THE SIGNIFICANT ISSUES FACING THEIR STATE AND BECOME MORE INFORMED AND ENGAGED VOTERS AND PARTICIPANTS IN THE DEMOCRATIC PROCESS. IN-KIND EPENSES $23, (Code: ) (Expenses $ 199,748. including grants of $ ) (Revenue $ 154,95. ) SUBSCRIPTION SERVICE PUBLISHING SPECIALTY NEWS AND INFORMATION REGARDING TEAS POLITICS AND GOVERNMENT. 4c (Code: ) (Expenses $ 162,597. including grants of $ ) (Revenue $ 137,334. ) ON THE RECORD EVENTS, OPEN FREE TO THE PUBLIC WHERE COMMUNITY MEMBERS CAN DIRECTLY INTERACT WITH THE STATESMAN AND NEWSMAKERS WHO WILL SHAPE TEAS' FUTURE. 4d Other program services (Descrie in Schedule O.) (Expenses $ 499,66. including grants of $ ) (Revenue $ 461,277. ) 4e Total program service expenses 2,951,745. 1E12 1. ATTACHMENT 1 Form 99 (211) 494AU 1175 V PAGE 4

3 Form 99 (211) Page 3 Part IV Checklist of Required Schedules Is the organization descried in section 51(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A 1 Is the organization required to complete Schedule B, Schedule of Contriutors (see instructions)? 2 Did the organization engage in direct or indirect political campaign activities on ehalf of or in opposition to candidates for pulic office? If "Yes," complete Schedule C, Part I 3 Section 51(c)(3) organizations. Did the organization engage in loying activities, or have a section 51(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II 4 Is the organization a section 51(c)(4), 51(c)(5), or 51(c)(6) organization that receives memership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part III 5 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distriution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I 6 Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II 7 Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III 8 Did the organization report an amount in Part, line 21; serve as a custodian for amounts not listed in Part ; or provide credit counseling, det management, credit repair, or det negotiation services? If "Yes," complete Schedule D, Part IV 9 Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part V 1 11 If the organization s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, I, or as applicale. a Did the organization report an amount for land, uildings, and equipment in Part, line 1? If "Yes," complete Schedule D, Part VI Did the organization report an amount for investments other securities in Part, line 12 that is 5% or more of its total assets reported in Part, line 16? If "Yes," complete Schedule D, Part VII c Did the organization report an amount for investments-program related in Part, line 13 that is 5% or more of its total assets reported in Part, line 16? If "Yes," complete Schedule D, Part VIII d Did the organization report an amount for other assets in Part, line 15 that is 5% or more of its total assets reported in Part, line 16? If "Yes," complete Schedule D, Part I e Did the organization report an amount for other liailities in Part, line 25? If "Yes," complete Schedule D, Part f Did the organization s separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liaility for uncertain tax positions under FIN 48 (ASC 74)? If "Yes," complete Schedule D, Part 12a Did the organization otain separate, independent audited financial statements for the tax year? If "Yes," a a 1E complete Schedule D, Parts I, II, and III Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts I, II, and III is optional Is the organization a school descried in section 17()(1)(A)(ii)? If "Yes," complete Schedule E Did the organization maintain an office, employees, or agents outside of the United States? Did the organization have aggregate revenues or expenses of more than $1, from grantmaking, fundraising, usiness, investment, and program service activities outside the United States, or aggregate foreign investments valued at $1, or more? If "Yes," complete Schedule F, Parts I and IV Did the organization report on Part I, column (A), line 3, more than $5, of grants or assistance to any organization or entity located outside the United States? If "Yes," complete Schedule F, Parts II and IV Did the organization report on Part I, column (A), line 3, more than $5, of aggregate grants or assistance to individuals located outside the United States? If "Yes," complete Schedule F, Parts III and IV Did the organization report a total of more than $15, of expenses for professional fundraising services on Part I, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions) Did the organization report more than $15, total of fundraising event gross income and contriutions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II Did the organization report more than $15, of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H If "Yes" to line 2a, did the organization attach a copy of its audited financial statements to this return? 11a 11 11c 11d 11e 11f 12a a a 2 Yes No Form 99 (211) 494AU 1175 V PAGE 5

4 Form 99 (211) Page 4 Part IV Checklist of Required Schedules (continued) a d 25 a a c a c Did the organization report more than $5, of grants and other assistance to any government or organization in the United States on Part I, column (A), line 1? If "Yes," complete Schedule I, Parts I and II 21 Did the organization report more than $5, of grants and other assistance to individuals in the United States on Part I, column (A), line 2? If "Yes," complete Schedule I, Parts I and III 22 Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 aout compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J 23 Did the organization have a tax-exempt ond issue with an outstanding principal amount of more than $1, as of the last day of the year, that was issued after Decemer 31, 22? If "Yes," answer lines 24 through 24d and complete Schedule K. If No, go to line 2 5 Did the organization invest any proceeds of tax-exempt onds eyond a temporary period exception? Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt onds? Did the organization act as an "on ehalf of" issuer for onds outstanding at any time during the year? Section 51(c)(3) and 51(c)(4) organizations. Did the organization engage in an excess enefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I Is the organization aware that it engaged in an excess enefit transaction with a disqualified person in a prior year, and that the transaction has not een reported on any of the organization's prior Forms 99 or 99-EZ? If "Yes," complete Schedule L, Part I Was a loan to or y a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization's tax year? If "Yes," complete Schedule L, Part II Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, sustantial contriutor or employee thereof, a grant selection committee memer, or to a 35% controlled entity or family memer of any of these persons? If "Yes," complete Schedule L, Part III Was the organization a party to a usiness transaction with one of the following parties (see Schedule L, Part IV instructions for applicale filing thresholds, conditions, and exceptions): A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV A family memer of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV An entity of which a current or former officer, director, trustee, or key employee (or a family memer thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV Did the organization receive more than $25, in non-cash contriutions? If "Yes," complete Schedule M Did the organization receive contriutions of art, historical treasures, or other similar assets, or qualified conservation contriutions? If "Yes," complete Schedule M Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II Did the organization own 1% of an entity disregarded as separate from the organization under Regulations sections and ? If "Yes," complete Schedule R, Part I Was the organization related to any tax-exempt or taxale entity? If "Yes," complete Schedule R, Parts II, III, IV, and V, line 1 Did the organization have a controlled entity within the meaning of section 512()(13)? Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512()(13)? If "Yes," complete Schedule R, Part V, line 2 Section 51(c)(3) organizations. Did the organization make any transfers to an exempt non-charitale related organization? If "Yes," complete Schedule R, Part V, line 2 Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 99 filers are required to complete Schedule O. 24a 24 24c 24d 25a a 28 28c a Yes No 38 Form 99 (211) 1E AU 1175 V PAGE 6

5 Form 99 (211) Page 5 Part V d e f g h a a Statements Regarding Other IRS Filings and Tax Compliance Check if Schedule O contains a response to any question in this Part V Enter the numer reported in Box 3 of Form 196. Enter -- if not applicale Yes 1a 1a 38 Enter the numer of Forms W-2G included in line 1a. Enter -- if not applicale 1 c Did the organization comply with ackup withholding rules for reportale payments to vendors and reportale gaming (gamling) winnings to prize winners? 1c 2a Enter the numer of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered y this return 2a 34 If at least one is reported on line 2a, did the organization file all required federal employment tax returns? 2 Note. If the sum of lines 1a and 2a is greater than 25, you may e required to e-file (see instructions) 3a Did the organization have unrelated usiness gross income of $1, or more during the year? 3a If "Yes," has it filed a Form 99-T for this year? If "No," provide an explanation in Schedule O 3 4a At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a ank account, securities account, or other financial account)? If Yes, enter the name of the foreign country: See instructions for filing requirements for Form TD F , Report of Foreign Bank and Financial Accounts. 5a Was the organization a party to a prohiited tax shelter transaction at any time during the tax year? Did any taxale party notify the organization that it was or is a party to a prohiited tax shelter transaction? c If "Yes" to line 5a or 5, did the organization file Form 8886-T? 6a Does the organization have annual gross receipts that are normally greater than $1,, and did the organization solicit any contriutions that were not tax deductile? If "Yes," did the organization include with every solicitation an express statement that such contriutions or gifts were not tax deductile? 7 Organizations that may receive deductile contriutions under section 17(c). a Did the organization receive a payment in excess of $75 made partly as a contriution and partly for goods and services provided to the payor? If "Yes," did the organization notify the donor of the value of the goods or services provided? c Did the organization sell, exchange, or otherwise dispose of tangile personal property for which it was required to file Form 8282? If "Yes," indicate the numer of Forms 8282 filed during the year 7d Did the organization receive any funds, directly or indirectly, to pay premiums on a personal enefit contract? Did the organization, during the year, pay premiums, directly or indirectly, on a personal enefit contract? If the organization received a contriution of qualified intellectual property, did the organization file Form 8899 as required? If the organization received a contriution of cars, oats, airplanes, or other vehicles, did the organization file a Form 198-C? Sponsoring organizations maintaining donor advised funds and section 59(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained y a sponsoring organization, have excess usiness holdings at any time during the year? Sponsoring organizations maintaining donor advised funds. Did the organization make any taxale distriutions under section 4966? Did the organization make a distriution to a donor, donor advisor, or related person? Section 51(c)(7) organizations. Enter: Initiation fees and capital contriutions included on Part VIII, line 12 1a 1 Gross receipts, included on Form 99, Part VIII, line 12, for pulic use of clu facilities 11 Section 51(c)(12) organizations. Enter: a Gross income from memers or shareholders 11a Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) 11 12a Section 4947(a)(1) non-exempt charitale trusts. Is the organization filing Form 99 in lieu of Form 141? If "Yes," enter the amount of tax-exempt interest received or accrued during the year Section 51(c)(29) qualified nonprofit health insurance issuers. a Is the organization licensed to issue qualified health plans in more than one state? Note. See the instructions for additional information the organization must report on Schedule O. Enter the amount of reserves the organization is required to maintain y the states in which the organization is licensed to issue qualified health plans 13 c Enter the amount of reserves on hand 13c 14a Did the organization receive any payments for indoor tanning services during the tax year? If "Yes," has it filed a Form 72 to report these payments? If "No," provide an explanation in Schedule O 1E a 5a 5 5c 6a 6 7a 7 7c 7e 7f 7g 7h 8 9a 9 12a 13a 14a 14 No Form 99 (211) 494AU 1175 V PAGE 7

6 Form 99 (211) Page 6 Part VI Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7 elow, and for a "No" response to line 8a, 8, or 1 elow, descrie the circumstances, processes, or changes in Schedule O. See instructions. Check if Schedule O contains a response to any question in this Part VI Section A. Governing Body and Management 1a Enter the numer of voting memers of the governing ody at the end of the tax year. If there are material differences in voting rights among memers of the governing ody, or if the governing ody delegated road authority to an executive committee or similar committee, explain in Schedule O. Enter the numer of voting memers included in line 1a, aove, who are independent Did any officer, director, trustee, or key employee have a family relationship or a usiness relationship with any other officer, director, trustee, or key employee? 2 3 Did the organization delegate control over management duties customarily performed y or under the direct supervision of officers, directors, or trustees, or key employees to a management company or other person? 3 4 Did the organization make any significant changes to its governing documents since the prior Form 99 was filed? 4 5 Did the organization ecome aware during the year of a significant diversion of the organization's assets? 5 6 Did the organization have memers or stockholders? 6 7a Did the organization have memers, stockholders, or other persons who had the power to elect or appoint one or more memers of the governing ody? 7a Are any governance decisions of the organization reserved to (or suject to approval y) memers, stockholders, or persons other than the governing ody? 7 8 Did the organization contemporaneously document the meetings held or written actions undertaken during the year y the following: a The governing ody? 8a Each committee with authority to act on ehalf of the governing ody? 8 9 Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot e reached at the organization's mailing address? If "Yes," provide the names and addresses in Schedule O 9 Section B. Policies (This Section B requests information aout policies not required y the Internal Revenue Code.) 1a c a 16a Did the organization have local chapters, ranches, or affiliates? If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and ranches to ensure their operations are consistent with the organization's exempt purposes? 11a 12a Were officers, directors, or trustees, and key employees required to disclose annually interests that could give Has the organization provided a complete copy of this Form 99 to all memers of its governing ody efore filing the form? Descrie in Schedule O the process, if any, used y the organization to review this Form 99. Did the organization have a written conflict of interest policy? If "No," go to line 13 rise to conflicts? Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," descrie in Schedule O how this was done Did the organization have a written whistlelower policy? Did the organization have a written document retention and destruction policy? Did the process for determining compensation of the following persons include a review and approval y independent persons, comparaility data, and contemporaneous sustantiation of the delieration and decision? The organization's CEO, Executive Director, or top management official Other officers or key employees of the organization If "Yes" to line 15a or 15, descrie the process in Schedule O (see instructions.) Did the organization invest in, contriute assets to, or participate in a joint venture or similar arrangement with a taxale entity during the year? If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicale federal tax law, and take steps to safeguard the organization's exempt status with respect to such arrangements? List the states with which a copy of this Form 99 is required to e filed Section C. Disclosure Section 614 requires an organization to make its Forms 123 (or 124 if applicale), 99, and 99-T (Section 51(c)(3)s only) availale for pulic inspection. Indicate how you made these availale. Check all that apply. Own wesite Another's wesite Upon request 19 Descrie in Schedule O whether (and if so, how), the organization made its governing documents, conflict of interest policy, and financial statements availale to the pulic during the tax year. 2 State the name, physical address, and telephone numer of the person who possesses the ooks and records of the organization: KARA HAMANN 823 CONGRESS AVE, SUITE 21 AUSTIN, T Form 99 (211) 1E AU 1175 V PAGE 8 1a 9 1a 1 11a 12a 12 12c a 15 16a 16 Yes Yes No No

7 Form 99 (211) Page 7 Part VII Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors Check if Schedule O contains a response to any question in this Part VII Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees 1a Complete this tale for all persons required to e listed. Report compensation for the calendar year ending with or within the organization's tax year. List all of the organization's current officers, directors, trustees (whether individuals or organizations), regardless of amount of compensation. Enter -- in columns (D), (E), and (F) if no compensation was paid. List all of the organization's current key employees, if any. See instructions for definition of "key employee." List the organization's five current highest compensated employees (other than an officer, director, trustee, or key employee) who received reportale compensation (Box 5 of Form W-2 and/or Box 7 of Form 199-MISC) of more than $1, from the organization and any related organizations. List all of the organization's former officers, key employees, and highest compensated employees who received more than $1, of reportale compensation from the organization and any related organizations. List all of the organization's former directors or trustees that received, in the capacity as a former director or trustee of the organization, more than $1, of reportale compensation from the organization and any related organizations. List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest compensated employees; and former such persons. Check this ox if neither the organization nor any related organization compensated any current officer, director, or trustee. (A) (B) (C) (D) (E) (F) Name and Title Average hours per Position (do not check more than one Reportale compensation Reportale compensation from week ox, unless person is oth an from related (descrie the organizations officer and a director/trustee) hours for organization (W-2/199-MISC) related organizations (W-2/199-MISC) in Schedule O) Individual trustee or director Institutional trustee Officer Key employee Highest compensated employee Former Estimated amount of other compensation from the organization and related organizations (1) (2) (3) (4) (5) (6) (7) (8) (9) (1) (11) (12) (13) (14) 1E JOHN THORNTON BOARD CHAIRMAN 5. STEPHEN ADLER DIRECTOR 1. ROSENTHAL ALVES DIRECTOR 1. H.O. MAYCOTTE DIRECTOR 1. 6,. ELLEN SPENCER SUSMAN DIRECTOR 1. VERONICA VARGAS STIDVENT DIRECTOR 1. JOHN SCOTT WOTOWICZ DIRECTOR 1. MICHAEL SHERROD DIRECTOR 1. EVAN SMITH DIRECTOR/CEO/EDITOR-IN-CHIEF 4. 36,943. 3,56. ROSS RAMSEY EECUTIVE EDITOR ,626. APRIL HINKLE DIR. OF BUSINESS DEVELOP. 4. 3,172. 3,56. MARK MILLER EDITOR-IN-CHIEF ,799. 3,56. OYENIRAN BABALOLA DIRECTOR OF TECHNOLOGY ,85. 3,56. BARBARA KNAGGS CHIEF OPERATING OFFICER 4. 13,98. Form 99 (211) 494AU 1175 V PAGE 9

8 Form 99 (211) Page 8 Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued) Part VII (A) (B) (C) (D) (E) (F) Name and title Average Position Reportale Reportale hours per (do not check more than one compensation compensation from week ox, unless person is oth an from related (descrie officer and a director/trustee) the organizations hours for organization (W-2/199-MISC) related (W-2/199-MISC) organizations in Schedule O) Individual trustee or director Institutional trustee Officer Key employee Highest compensated employee Former Estimated amount of other compensation from the organization and related organizations 1 Su-total c Total from continuation sheets to Part VII, Section A d Total (add lines 1 and 1c) 2 Total numer of individuals (including ut not limited to those listed aove) who received more than $1, of reportale compensation from the organization 6 3 Did the organization list any former officer, director, or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual 3 4 For any individual listed on line 1a, is the sum of reportale compensation and other compensation from the organization and related organizations greater than $15,? If Yes, complete Schedule J for such individual 4 5 Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If Yes, complete Schedule J for such person 5 Section B. Independent Contractors 1,215,37. 14,24. 1,215,37. 14,24. 1 Complete this tale for your five highest compensated independent contractors that received more than $1, of compensation from the organization. Report compensation for the calendar year ending with or within the organization's tax year. Yes No ATTACHMENT 2 (A) Name and usiness address (B) Description of services (C) Compensation 2 Total numer of independent contractors (including ut not limited to those listed aove) who received more than $1, in compensation from the organization 1 1E Form 99 (211) 494AU 1175 V PAGE 1

9 Form 99 (211) Page 9 Part VIII Contriutions, Gifts, Grants and Other Similar Amounts Program Service Revenue Other Revenue 1a c d e f g h 2a c d e f g a c d 7a 8a c 9a c 1a c 11a c d e Statement of Revenue 1a 1 394,638. 1c 1d 1e 1,768, ,971. Total. Add lines 1a-1f Federated campaigns Memership dues Fundraising events Related organizations Government grants (contriutions) All other contriutions, gifts, grants, and similar amounts not included aove 1f Noncash contriutions included in lines 1a-1f: $ Business Code (A) Total revenue (B) Related or exempt function revenue SPONSORSHIP INCOME , ,29. SUBSCRIPTIONS , ,95. SPONSORED EVENTS , ,165. CONTENT PRODUCTION , ,862. All other program service revenue Total. Add lines 2a-2f 1,428,141. Investment income (including dividends, interest, and other similar amounts) 1,13. 1,13. Income from investment of tax-exempt ond proceeds Royalties (i) Real (ii) Personal Gross rents Less: rental expenses Rental income or (loss) Net rental income or (loss) Gross amount from sales of (i) Securities (ii) Other assets other than inventory Less: cost or other asis and sales expenses c Gain or (loss) d Net gain or (loss) Gross income from fundraising events (not including $ of contriutions reported on line 1c). See Part IV, line 18 a 41,694. Less: direct expenses 9,559. Net income or (loss) from fundraising events Gross income from gaming activities. See Part IV, line 19 a Less: direct expenses Net income or (loss) from gaming activities Gross sales of inventory, less returns and allowances a Less: cost of goods sold Net income or (loss) from sales of inventory Miscellaneous Revenue Business Code All other revenue Total. Add lines 11a-11d 12 Total revenue. See instructions 1E ,163, ,865. (C) Unrelated usiness revenue ADVERTISING REVENUE , ,961. MISCELLANEOUS REVENUE 999 5,991. 5, ,952. 3,63,818. 1,435, ,961. (D) Revenue excluded from tax under sections 512, 513, or 514 Form 99 (211) 494AU 1175 V PAGE 11

10 Form 99 (211) Page 1 Part I Statement of Functional Expenses Section 51(c)(3) and 51(c)(4) organizations must complete all columns. All other organizations must complete column (A) ut are not required to complete columns (B), (C), and (D). Check if Schedule O contains a response to any question in this Part I Do not include amounts reported on lines 6, 7, 8, 9, and 1 of Part VIII. 1 Grants and other assistance to governments and organizations in the United States. See Part IV, line Grants and other assistance to individuals in the United States. See Part IV, line Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and Benefits paid to or for memers 5 Compensation of current officers, directors, trustees, and key employees 6 Compensation not included aove, to disqualified persons (as defined under section 4958(f)(1)) and persons descried in section 4958(c)(3)(B) 7 Other salaries and wages 8 Pension plan accruals and (include section 41(k) and 43() employer contriutions) 9 Other employee enefits 1 Payroll taxes 11 Fees for services (non-employees): a Management Legal c Accounting d Loying e Professional fundraising services. See Part IV, line 17 f Investment management fees g Other 12 Advertising and promotion 13 Office expenses 14 Information technology 15 Royalties 16 Occupancy 17 Travel 18 Payments of travel or entertainment expenses for any federal, state, or local pulic officials Conferences, conventions, and meetings Interest Payments to affiliates Depreciation, depletion, and amortization Insurance Other expenses. Itemize expenses not covered aove (List miscellaneous expenses in line 24e. If line 24e amount exceeds 1% of line 25, column (A) amount, list line 24e expenses on Schedule O.) a c d e All other expenses 25 Total functional expenses. Add lines 1 through 24e 26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a comined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC ) (A) (B) (C) (D) Total expenses Program service Management and expenses general expenses 4,5. 4,5. Fundraising expenses Form 99 (211) 1E , , ,49. 1,95,313. 1,449, , ,18. 9,32. 66,824. 5, ,6. 158, ,226. 9,55. 31, ,21. 19,5. 17,71. 42, , ,34. 25, , , , , ,844. 6, ,931. 2, ,44. 12,29. 8,2. 175, ,865. 1,53. 35, , ,764. 7, , , ,387. 3, ,78. 8,976. 6,327. 1,632. 1,17. 3,942,128. 2,951, , , AU 1175 V PAGE 12

11 Form 99 (211) Page 11 Balance Sheet Part Assets Liailities Net Assets or Fund Balances Cash - non-interest-earing Savings and temporary cash investments Pledges and grants receivale, net Accounts receivale, net Receivales from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L Receivales from other disqualified persons (as defined under section 4958(f)(1)), persons descried in section 4958(c)(3)(B), and contriuting employers and sponsoring organizations of section 51(c)(9) voluntary employees' eneficiary organizations (see instructions) Notes and loans receivale, net Inventories for sale or use Prepaid expenses and deferred charges a Land, uildings, and equipment: cost or other asis. Complete Part VI of Schedule D Less: accumulated depreciation Investments - pulicly traded securities Investments - other securities. See Part IV, line 11 Investments - program-related. See Part IV, line 11 Intangile assets Other assets. See Part IV, line 11 Total assets. Add lines 1 through 15 (must equal line 34) Accounts payale and accrued expenses Grants payale Deferred revenue Tax-exempt ond liailities Escrow or custodial account liaility. Complete Part IV of Schedule D Payales to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons. Complete Part II of Schedule L 1a 1 Secured mortgages and notes payale to unrelated third parties Unsecured notes and loans payale to unrelated third parties Other liailities (including federal income tax, payales to related third parties, and other liailities not included on lines 17-24). Complete Part of Schedule D Total liailities. Add lines 17 through 25 Organizations that follow SFAS 117, check here and complete lines 27 through 29, and lines 33 and 34. Unrestricted net assets Temporarily restricted net assets Permanently restricted net assets Organizations that do not follow SFAS 117, check here and complete lines 3 through 34. Capital stock or trust principal, or current funds Paid-in or capital surplus, or land, uilding, or equipment fund Retained earnings, endowment, accumulated income, or other funds Total net assets or fund alances Total liailities and net assets/fund alances (A) Beginning of year (B) End of year 1,5,78. 1,578, , ,198, , , , , , , ,499. 1c ,292. 2,959, , ,473, , , , , ,732. 1,623, ,284,593. 1,142, ,79, ,765,867. 2,959, ,363,947. 2,473,679. Form 99 (211) 1E AU 1175 V PAGE 13

12 Form 99 (211) Page Reconciliation of Net Assets Check if Schedule O contains a response to any question in this Part I Total revenue (must equal Part VIII, column (A), line 12) Total expenses (must equal Part I, column (A), line 25) Revenue less expenses. Sutract line 2 from line 1 Net assets or fund alances at eginning of year (must equal Part, line 33, column (A)) Part I Other changes in net assets or fund alances (explain in Schedule O) Net assets or fund alances at end of year. Comine lines 3, 4, and 5 (must equal Part, line 33, column (B)) 6 Part II 2,363,947. Financial Statements and Reporting Check if Schedule O contains a response to any question in this Part II Yes No 1 Accounting method used to prepare the Form 99: Cash Accrual Other If the organization changed its method of accounting from a prior year or checked "Other," explain in Schedule O. 2a Were the organization's financial statements compiled or reviewed y an independent accountant? 2a Were the organization's financial statements audited y an independent accountant? 2 c If "Yes" to line 2a or 2, does the organization have a committee that assumes responsiility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant? If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O. 2c d If "Yes" to line 2a or 2, check a ox elow to indicate whether the financial statements for the year were issued on a separate asis, consolidated asis, or oth: Separate asis Consolidated asis Both consolidated and separate asis 3a As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? 3a If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and descrie any steps taken to undergo such audits ,63,818. 3,942, ,31. 2,765, ,61. Form 99 (211) 1E AU 1175 V PAGE 14

13 SCHEDULE A (Form 99 or 99-EZ) Department of the Treasury Internal Revenue Service Name of the organization Pulic Charity Status and Pulic Support Complete if the organization is a section 51(c)(3) organization or a section 4947(a)(1) nonexempt charitale trust. Attach to Form 99 or Form 99-EZ. See separate instructions. OMB No Open to Pulic Inspection Employer identification numer TEAS TRIBUNE, INC Part I Reason for Pulic Charity Status (All organizations must complete this part.) See instructions. The organization is not a private foundation ecause it is: (For lines 1 through 11, check only one ox.) A church, convention of churches, or association of churches descried in section 17()(1)(A)(i). A school descried in section 17()(1)(A)(ii). (Attach Schedule E.) A hospital or a cooperative hospital service organization descried in section 17()(1)(A)(iii). A medical research organization operated in conjunction with a hospital descried in section 17()(1)(A)(iii). Enter the hospital's name, city, and state: 5 An organization operated for the enefit of a college or university owned or operated y a governmental unit descried in section 17()(1)(A)(iv). (Complete Part II.) 6 7 A federal, state, or local government or governmental unit descried in section 17()(1)(A)(v). An organization that normally receives a sustantial part of its support from a governmental unit or from the general pulic descried in section 17()(1)(A)(vi). (Complete Part II.) A community trust descried in section 17()(1)(A)(vi). (Complete Part II.) An organization that normally receives: (1) more than 331/3% of its support from contriutions, memership fees, and gross receipts from activities related to its exempt functions - suject to certain exceptions, and (2) no more than 331/3% of its support from gross investment income and unrelated usiness taxale income (less section 511 tax) from usinesses acquired y the organization after June 3, See section 59(a)(2). (Complete Part III.) An organization organized and operated exclusively to test for pulic safety. See section 59(a)(4). An organization organized and operated exclusively for the enefit of, to perform the functions of, or to carry out the purposes of one or more pulicly supported organizations descried in section 59(a)(1) or section 59(a)(2). See section 59(a)(3). Check the ox that descries the type of supporting organization and complete lines 11e through 11h. a Type I Type II c Type III - Functionally integrated d Type III - Other e By checking this ox, I certify that the organization is not controlled directly or indirectly y one or more disqualified persons other than foundation managers and other than one or more pulicly supported organizations descried in section 59(a)(1) or section 59(a)(2). f If the organization received a written determination from the IRS that it is a Type I, Type II, or Type III supporting organization, check this ox g Since August 17, 26, has the organization accepted any gift or contriution from any of the following persons? (i) A person who directly or indirectly controls, either alone or together with persons descried in (ii) Yes No and (iii) elow, the governing ody of the supported organization? 11g(i) (ii) A family memer of a person descried in (i) aove? 11g(ii) (iii) A 35% controlled entity of a person descried in (i) or (ii) aove? 11g(iii) h Provide the following information aout the supported organization(s). (A) (i) Name of supported organization (ii) EIN (iii) Type of organization (descried on lines 1-9 aove or IRC section (see instructions)) (iv) Is the (v) Did you notify (vi) Is the organization in the organization organization in col. (i) listed in in col. (i) of col. (i) organized your governing document? your support? in the U.S.? Yes No Yes No Yes No (vii) Amount of support (B) (C) (D) (E) Total For Paperwork Reduction Act Notice, see the Instructions for Form 99 or 99-EZ. Schedule A (Form 99 or 99-EZ) 211 1E AU 1175 V PAGE 15

14 Schedule A (Form 99 or 99-EZ) 211 Page 2 Part II Support Schedule for Organizations Descried in Sections 17()(1)(A)(iv) and 17()(1)(A)(vi) (Complete only if you checked the ox on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed elow, please complete Part III.) Section A. Pulic Support Calendar year (or fiscal year eginning in) 1 Gifts, grants, contriutions, and memership fees received. (Do not include any "unusual grants.") 2 Tax revenues levied for the organization's enefit and either paid to or expended on its ehalf 3 The value of services or facilities furnished y a governmental unit to the organization without charge 4 Total. Add lines 1 through 3 5 The portion of total contriutions y each person (other than a governmental unit or pulicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) 6 Pulic support. Sutract line 5 from line 4. Section B. Total Support 7 Amounts from line 4 8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources Calendar year (or fiscal year eginning in) 9 Net income from unrelated usiness activities, whether or not the usiness is regularly carried on (a) 27 () 28 (c) 29 (d) 21 (e) 211 (f) Total (a) 27 () 28 (c) 29 (d) 21 (e) 211 (f) Total 1 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.) 11 Total support. Add lines 7 through 1 12 Gross receipts from related activities, etc. (see instructions) First five years. If the Form 99 is for the organization's first, second, third, fourth, or fifth tax year as a section 51(c)(3) organization, check this ox and stop here Section C. Computation of Pulic Support Percentage Pulic support percentage for 211 (line 6, column (f) divided y line 11, column (f)) Pulic support percentage from 21 Schedule A, Part II, line a 331/3% support test If the organization did not check the ox on line 13, and line 14 is 331/3% or more, check this ox and stop here. The organization qualifies as a pulicly supported organization 331/3% support test If the organization did not check a ox on line 13 or 16a, and line 15 is 331/3% or more, check this ox and stop here. The organization qualifies as a pulicly supported organization 17a 1%-facts-and-circumstances test If the organization did not check a ox on line 13, 16a, or 16, and line 14 is 1% or more, and if the organization meets the "facts-and-circumstances" test, check this ox and stop here. Explain in Part IV how the organization meets the "facts-and-circumstances test. The organization qualifies as a pulicly supported organization 1%-facts-and-circumstances test If the organization did not check a ox on line 13, 16a, 16, or 17a, and line 15 is 1% or more, and if the organization meets the "facts-and-circumstances" test, check this ox and stop here. Explain in Part IV how the organzation meets the "facts-and-circumstances" test. The organization qualifies as a pulicly supported organization 18 Private foundation. If the organization did not check a ox on line 13, 16a, 16, 17a, or 17, check this ox and see instructions % % Schedule A (Form 99 or 99-EZ) 211 1E AU 1175 V PAGE 16

15 Schedule A (Form 99 or 99-EZ) 211 Page 3 Part III Support Schedule for Organizations Descried in Section 59(a)(2) (Complete only if you checked the ox on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed elow, please complete Part II.) Section A. Pulic Support Calendar year (or fiscal year eginning in) 1 Gifts, grants, contriutions, and memership 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 usiness under section Tax revenues levied for the organization's enefit and either paid to or expended on its ehalf 5 The value of services or facilities furnished y 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 Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5, or 1% of the amount on line 13 for the year c Add lines 7a and 7 8 Pulic support (Sutract line 7c from line 6.) 9 Amounts from line 6 Section B. Total Support Calendar year (or fiscal year eginning in) Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources Unrelated usiness taxale income (less section 511 taxes) from usinesses acquired after June 3, a c Add lines 1a and 1 11 Net income from unrelated usiness activities not included in line 1, whether or not the usiness is regularly carried on 12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.) 13 Total support. (Add lines 9, 1c, 11, and 12.) (a) 27 () 28 (c) 29 (d) 21 (e) 211 (f) Total (a) 27 () 28 (c) 29 (d) 21 (e) 211 (f) Total 3,893,124. 2,877,95. 3,657,852. 1,428, First five years. If the Form 99 is for the organization's first, second, third, fourth, or fifth tax year as a section 51(c)(3) organization, check this ox and stop here Section C. Computation of Pulic Support Percentage 15 Pulic support percentage for 211 (line 8, column (f) divided y line 13, column (f)) 15 % 16 Pulic support percentage from 21 Schedule A, Part III, line % Section D. Computation of Investment Income Percentage 17 Investment income percentage for 211 (line 1c, column (f) divided y line 13, column (f)) 17 % 18 Investment income percentage from 21 Schedule A, Part III, line % 3,725,44. 2,127,574. 2,163,577. 8,16, , ,934. 1,428,141. 2,325,29. 3,891,655. 2,858,58. 3,591,718. 1,341,881. 3,,. 1,166, ,. 4,726,192. 1,221. 1, ,485. 3,,. 1,167, ,264. 4,827, a 331/3% support tests If the organization did not check the ox on line 14, and line 15 is more than 3 31/3%, and line 17 is not more than 331/3%, check this ox and stop here. The organization qualifies as a pulicly supported organization 331/3% support tests If the organization did not check a ox on line 14 or line 19a, and line 16 is more than 3 31/3%, and line 18 is not more than 331/3%, check this ox and stop here. The organization qualifies as a pulicly supported organization 5,514,24. 3,891,655. 2,858,58. 3,591,718. 1,341,881. 1,217. 3,455. 1,13. 5,685. 1, , ,195. 1, , , , , , , Private foundation. If the organization did not check a ox on line 14, 19a, or 19, check this ox and see instructions Schedule A (Form 99 or 99-EZ) 211 1E AU 1175 V PAGE 17