2026-05-13T13:26:26-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 6320 CANOGA AVENUE 17TH FLOOR WOODLAND HILLS CA 91367 990 2024-07-01 993024194 NEWSWELL NEWS 4809653759 PO BOX 2260 TEMPE AZ 852802260 MI-AI PARRISH CHAIRPERSON 4809653759 2026-05-05 1 1 WENDY CAMPOS P00448102 8185771900 2026-05-05 2024 2025-03-06 01:10:19Z X MI-AI PARRISH PO BOX 2260 TEMPE AZ 852802260 4304570 0 X ASUNEWSWELL.ORG X 2024 AZ TO EDUCATE AND INFORM THE PUBLIC THROUGH HIGH-QUALITY, FREE, LOCAL JOURNALISM ACROSS THE U.S. 3 3 16 4 67557 0 0 4063546 0 222167 0 618 0 18239 0 4304570 0 201428 0 0 0 1499778 0 0 100 0 1095472 0 2796678 0 1507892 0 1778040 0 270148 0 1507892 TO EDUCATE AND INFORM THE PUBLIC THROUGH HIGH-QUALITY, FREE, LOCAL JOURNALISM ACROSS THE U.S. 0 0 1102066 201428 172849 TO SERVE AS THE CRITICAL LINK BETWEEN THE PRESERVATION OF CIVIC JOURNALISM AND THE TRAINING OF FUTURE MEDIA PROFESSIONALS, NEWSWELL PUBLISHES FREE LOCAL NEWS, PROVIDES COMMUNITY-BASED PUBLISHING AND PARTNERS WITH ARIZONA STATE UNIVERSITY'S (ASU) CRONKITE SCHOOL TO EDUCATE STUDENT JOURNALISTS. 1102066 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 24 0 1 16 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X MI-AI PARRISH 4809657825 PO BOX 2260 TEMPE AZ 852802260 X X MI-AI PARRISH BOARD CHAIR 1.00 0.00 X X 0 0 0 MORGAN OLSEN TREASURER 1.00 2.00 X X 0 0 0 LISA LOO SECRETARY 1.00 2.00 X X 0 0 0 NICOLE CARROLL EXECUTIVE DIRECTOR 50.00 0.00 X 0 0 0 0 0 0 0 0 0 1 0 4063546 4063546 EDUCATIONAL PROGRAM DE 541800 108500 108500 DIGITAL CIRCULATION AN 541800 67557 67557 CONTENT SYNDICATION 541800 46110 46110 222167 618 618 OTHER INCOME 541900 18239 18239 18239 4304570 172849 67557 618 X 201428 201428 1146120 451293 694827 73258 1553 71705 182316 83413 98903 98084 1697 96387 75380 75380 1575 1575 792157 255277 536880 96035 72131 23804 100 38847 886 37961 26149 26149 39905 1319 38586 375 375 MEALS AND CULTIVATION 16072 888 15184 FEES AND SUBSCRIPTION 7877 5657 2220 OTHER EXPENSES 1100 1100 2796678 1102066 1694512 100 0 126751 0 1651289 0 1778040 0 270148 0 270148 X 0 -2555654 0 4063546 0 1507892 0 1778040 1507892 0 X 0 1 X 1 0 X 0 4063546 4063546 4063546 4063546 4063546 618 618 4064164 172849 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 4641316 336746 336746 4304570 0 4304570 3133424 336746 336746 2796678 0 2796678 PART X, LINE 2: NEWSWELL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND IS FURTHER CLASSIFIED AS A PUBLIC CHARITY AS DESCRIBED IN SECTIONS 509(A)(1) AND 170(B(1)(A)(VI) OF THE INTERNAL REVENUE CODE (CODE). THOUGH GENERALLY TAX-EXEMPT IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSES, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE TAX YEARS ENDING JUNE 30, 2025, AND 2024 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2025, AND 2024. 1 ASU ENTERPRISE PARTNERS PO BOX 2260 TEMPE AZ 852802260 475599177 501(C)(3) 187690 0 PROGRAM SUPPORT ARIZONA STATE UNIVERSITY PO BOX 877505 TEMPE AZ 85287 860196696 115 12082 0 PROGRAM SUPPORT 2 0 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS GRANTS PAID CONSIST OF FUNDS PROVIDED TO ARIZONA STATE UNIVERSITY AND OTHER NON-PROFITS FOR ASU RELATED INITIATIVES, WHICH ARE ACCOUNTED FOR AND MONITORED THROUGH THE USE OF ACCOUNTS AND ACCOUNT PURPOSE AT THE TIME OF EACH DISBURSEMENT. 0 0 0 0 0 0 0 0 0 SCHEDULE J, PART II: COMPENSATION FOR NICOLE CARROLL WAS PAID BY ARIZONA STATE UNIVERSITY, AN UNRELATED ORGANIZATION. THE ORGANIZATION MADE A REASONABLE, GOOD-FAITH EFFORT TO OBTAIN COMPENSATION INFORMATION FROM THE UNIVERSITY, BUT WAS UNABLE TO SECURE THE INFORMATION. ACCORDINGLY, THE COMPENSATION PAID BY THE UNIVERSITY IS NOT REPORTED ON THE FORM 990, PART VII AND SCHEDULE J. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS ASU ENTERPRISE PARTNERS ("EP") SERVES AS THE SOLE MEMBER OF THE ORGANIZATION, AND PROVIDES IT WITH VARIOUS SUPPORTING SERVICES, SUCH AS LEGAL, HUMAN RESOURCES, FINANCIAL, MARKETING AND TECHNICAL SERVICES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS WITH POWERS TO ELECT OR APPOINT ASU ENTERPRISE PARTNERS AS THE SOLE MEMBER HAS THE POWER TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY OF NEWSWELL. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL PER THE BYLAWS OF NEWSWELL, THE FOLLOWING ACTIONS SHALL NOT BE TAKEN BY THE CORPORATION WITHOUT THE APPROVAL OF THE MEMBER: ELECTION AND REMOVAL OF DIRECTORS, AMENDMENT OF THE ARTICLES OF INCORPORATION OF THE CORPORATION, AMENDMENT OF THE BYLAWS OF THE CORPORATION, MERGER, CONSOLIDATION OR DISSOLUTION OF THE CORPORATION, THE CREATION OF ANY SUBSIDIARIES OR AFFILIATES OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS NEWSWELL'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE DRAFT IS SUBMITTED TO NEWSWELL'S MANAGEMENT AND BOARD CHAIRPERSON FOR REVIEW AND ACCURACY OF REPORTING. A FULL COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS. IT IS THEN SIGNED BY THE BOARD CHAIRPERSON AND SUBMITTED ELECTRONICALLY TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING AND ENFORCEMENT OF CONFLICT OF INTEREST POLICY UPON HIRE AND ON AN ANNUAL BASIS, ALL EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS RELATED TO THEIR INVOLVEMENT WITH NEWSWELL. IN ADDITION, ANY TIME THE EMPLOYEE BECOMES AWARE OF A NEW CONFLICT, THEY ARE REQUIRED TO SUBMIT AN UPDATED CONFLICT OF INTEREST/COMMITMENT FORM TO ASU ENTERPRISE PARTNERS' GENERAL COUNSEL. ANY IDENTIFIED CONFLICTS WOULD BE REVIEWED BY THE BOARD CHAIR TO DETERMINE ANY MITIGATION ACTIONS NEEDED. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED AND PAID BY ARIZONA STATE UNIVERSITY; AS SUCH, LINES 15A AND 15B HAS BEEN ANSWERED "NO" AS REQUIRED BY THE FORM 990 INSTRUCTIONS. IF NEWSWELL BEGINS COMPENSATING THE EXECUTIVE DIRECTOR (OR OTHER TOP MANAGEMENT OFFICIAL), THE BOARD OF DIRECTORS WILL APPROVE THE COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR IN RELIANCE ON A REASONABLENESS OPINION PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT. THE EXECUTIVE DIRECTOR MAKES COMPENSATION DECISIONS FOR ALL OTHER EMPLOYEES IN RELIANCE ON MARKET COMPARABILITY DATA PREPARED BY INDEPENDENT COMPENSATION CONSULTANTS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS MADE AVAILABLE TO THE PUBLIC THE FORM 1023 AND FORM 990 FOR NEWSWELL ARE AVAILABLE UPON REQUEST. NEWSWELL DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VII, SECTION A, LINE 5: COMPENSATION FOR NICOLE CARROLL WAS PAID BY ARIZONA STATE UNIVERSITY, AN UNRELATED ORGANIZATION. THE ORGANIZATION MADE A REASONABLE, GOOD-FAITH EFFORT TO OBTAIN COMPENSATION INFORMATION FROM THE UNIVERSITY, BUT WAS UNABLE TO SECURE THE INFORMATION. ACCORDINGLY, THE COMPENSATION PAID BY THE UNIVERSITY IS NOT REPORTED ON THE FORM 990, PART VII AND SCHEDULE J. FORM 990, PART IX, LINE 11G MARKETING SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,023. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,023. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 324. MANAGEMENT AND GENERAL EXPENSES 33,364. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,688. WIRE SERVICES: PROGRAM SERVICE EXPENSES 8,595. MANAGEMENT AND GENERAL EXPENSES 37,182. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,777. FREELANCE: PROGRAM SERVICE EXPENSES 173,218. MANAGEMENT AND GENERAL EXPENSES 12,610. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 185,828. SHARED SERVICES FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 215,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 215,000. CONSULTANTS: PROGRAM SERVICE EXPENSES 73,140. MANAGEMENT AND GENERAL EXPENSES 231,701. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 304,841. NEWSWELL CALIFORNIA LLC PO BOX 2260 TEMPE AZ 852802260 993024194 SUPPORT CA 0 0 NEWSWELL NEWSWELL CENTRAL VALLEY LLC PO BOX 2260 TEMPE AZ 852802260 993024194 SUPPORT CA 0 0 NEWSWELL NEWSWELL SAN DIEGO LLC PO BOX 2260 TEMPE AZ 852802260 993024194 SUPPORT CA 0 0 NEWSWELL ASU FOUNDATION PO BOX 2260 TEMPE AZ 852802260 866051042 SUPPORT AZ 501(C)(3) LINE 5 EP 0 ASU RESEARCH ENTERPRISE PO BOX 2260 TEMPE AZ 852802260 900868685 SUPPORT AZ 501(C)(3) LINE 10 EP 0 RESEARCH COLLABORATORY AT ASU PO BOX 2260 TEMPE AZ 852802260 463815674 SUPPORT AZ 501(C)(3) LINE 7 EP 0 TAYLOR TRUST FBO ASU FOUNDATION PO BOX 2260 TEMPE AZ 852802260 866252445 SUPPORT AZ 501(C)(3) LINE 12A, I ASUF 0 ASU FOUNDATION MEXICO AC SIERRA MOJADA 626 EDIFICIO NO CIUD CIUDAD DE MEXICO MX 1101 EDUCATION MX 501(C)(3) GLOBAL III 0 RCASU GERMANY GGMBH VALENTINSKAMP 70 HAMBURG GM 20355 HOLDING CO. GM 501(C)(3) RCASU GERMANY LLC 0 ECASU TRUST (MALAWI) PLOT NUMBER BWAILA 14/115 LILONGWE MI 020244133 EDUCATION MI 501(C)(3) ECASU 0 ECASU MOROCCO 332 BD BRAHIM ROUDANI MAARIF CASABLANCA MO EDUCATION MO 501(C)(3) ECASU 0 ASU GLOBAL FOUNDATION UK LIMITED MICHELIN HOUSE 81 FULHAM ROAD LONDON UK SW3 6RD SUPPORT UK 501(C)(3) ASUF 0 ASU ENTERPRISE PARTNERS OUTREACH HUB PO BOX 2260 TEMPE AZ 852802260 882681235 SUPPORT AZ 501(C)(3) LINE 5 EP 0 ASU ENTERPRISE PARTNERS PO BOX 2260 TEMPE AZ 852802260 475599177 SUPPORT AZ 501(C)(3) LINE 5 N/A 0 TEOTIHUACAN HOLDINGS LLC PO BOX 2260 TEMPE AZ 852802260 811792379 HOLDING CO. DE ECASU C 0 CHARITABLE REMAINDER TRUST (7) CHARITABLE REMAINDER TRUST AZ ASUF T 0 SS SPORTFISHING INC 1001 MACALLISTER AVENUE TEMPE AZ 85281 HOLDING CO. HI ECASU C 0 ECASU EGYPT CENTER OF EXCELLENCE FOR ENERGY RESEARCH EL-KHALYFA EL-MAMOUN STREET ABBASY CITY OF CAIRO EG 11566 EDUCATION EG ECASU C 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0