Rutland Region Community Television
- Assets
- $3.5m
- Revenue
- $938.4k
- Investments
- $0.0
- Employees
- 11
- Location
- Rutland, VT
- Founding
- 12/1994
- Data as of
- 12/2023
- EIN
- 03-0343449
Organization Overview
Rutland Region Community Television is located in Rutland, VT. The organization was established in 1994. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Rutland Region Community Television employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rutland Region Community Television is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Rutland Region Community Television generated $938.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $833.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PEGTV AN INDEPENDENT ORGANIZATION FACILITATES PUBLIC AND EDUCATIONAL AND GOVERNMENT ACCESS TO THE RULAND COUNTY COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT AND PROMOTE TELEVISION PROGRAMMING PRODUCED BY MEMBERS OF A PUBLIC EDUCATIONAL AND GOVERNMENTAL CHARITABLE AND SOCIAL SERVICE ORGANIZATION FOR THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Leypoldt Executive Dir. | Officer | 40 | $85,909 |
Traci Moore Director | Trustee | 0 | $0 |
Jerry Hansen Director | Trustee | 0 | $0 |
Ed Kelly Director | Trustee | 0 | $0 |
Stephanie Wilson President | Trustee | 0 | $0 |
Gerry Carbine Treasurer | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $875,331 |
| Investment income | $102,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$64,346 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $938,374 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $7,750 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $86,355 |
| Compensation of current officers, directors, key employees. | $86,355 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $301,548 |
| Pension plan accruals and contributions | $21,515 |
| Other employee benefits | $73,878 |
| Payroll taxes | $29,981 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,975 |
| Fees for services: Accounting | $3,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $45,305 |
| Office expenses | $2,667 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,201 |
| Insurance | $11,839 |
| All other expenses | $75,855 |
| Total functional expenses | $833,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,000 |
| Savings and temporary cash investments | $1,460,709 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $210,272 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $57,999 |
| Net Land, buildings, and equipment | $318,359 |
| Investments—publicly traded securities | $1,364,372 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,494,711 |
| Accounts payable and accrued expenses | $44,877 |
| Grants payable | $0 |
| Deferred revenue | $65,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $109,878 |
| Net assets without donor restrictions | $3,384,833 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,494,711 |