Local Tv Inc
- Assets
- $949.8k
- Revenue
- $908.6k
- Investments
- $0.0
- Employees
- 15
- Location
- Wainscott, NY
- Founding
- 07/1993
- Data as of
- 12/2021
- EIN
- 11-2669935
Organization Overview
Local Tv Inc is located in Wainscott, NY. The organization was established in 1993. 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 12/2021, Local Tv Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local Tv Inc 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 12/2021, Local Tv Inc generated $908.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $756.0k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PUBLIC ACCESS TELEVISION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL TV, INC. IS A NOT-FOR-PROFIT PUBLIC ACCESS TELEVISION STATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Clark Executive Director | 40 | $110,000 | |
Morgan Vaughn Executive Director | 40 | $40,631 | |
Jon Olken Chairman | Officer | 2 | $0 |
Margaret Chamberlain Secretary | Officer | 1 | $0 |
Lew Sherwood Vice Chair | Officer | 1 | $0 |
Don Cirillo Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $791,784 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,319 |
| Noncash contributions included in lines 1a–1f | $7,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $840,103 |
| Total Program Service Revenue | $18,640 |
| Investment income | $41 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $55,807 |
| Net Gain/Loss on Asset Sales | -$6,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $908,591 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $172,231 |
| Compensation of current officers, directors, key employees. | $111,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $325,909 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,284 |
| Payroll taxes | $42,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,751 |
| Advertising and promotion | $8,644 |
| Office expenses | $9,199 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $402 |
| Interest | $355 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,735 |
| Insurance | $16,545 |
| All other expenses | $402 |
| Total functional expenses | $756,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,616 |
| Savings and temporary cash investments | $237,857 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,532 |
| 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 | $3,583 |
| Net Land, buildings, and equipment | $479,193 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $949,781 |
| Accounts payable and accrued expenses | $19,613 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,200 |
| Total liabilities | $20,813 |
| Net assets without donor restrictions | $928,968 |
| 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 | $949,781 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Local Tv Inc has recieved totaling $2,800.
| Awarding Organization | Amount |
|---|---|
Robert David Lion Gardiner Foundation Inc Hampton Bays, NY PURPOSE: 2021 GRANT AWARD | $1,500 |
Kenneth S Davidson Family Foundation Water Mill, NY PURPOSE: CHARITABLE | $1,000 |
Altman Foundation New York, NY PURPOSE: MATCHING GIFT FOR PROGRAMS AND INIATIVES IN NEW YORK | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Universal Communications Network Inc New York, NY | $23,705,014 | $36,204,062 |
Downtown Community Television Center Inc New York, NY | $12,160,508 | $18,067,924 |
Storycorps Inc Brooklyn, NY | $16,608,870 | $12,121,023 |
Eastern Educational Television Network Inc Boston, MA | $16,514,282 | $14,535,811 |
Independence Public Media Of Philadelphia Inc Philadelphia, PA | $114,645,232 | $6,898,202 |
Lehigh Valley Public Telecommunications Corp Bethlehem, PA | $43,912,817 | $9,323,671 |
Vermont Etv Inc Winooski, VT | $65,912,701 | $9,345,245 |
Manhattan Community Access Corporat Ion New York, NY | $36,696,255 | $8,423,391 |
Northeastern Pennsylvania Educational Television Association Pittston, PA | $33,133,906 | $6,320,974 |
St Lawrence Valley Educational Television Council Inc Watertown, NY | $2,869,491 | $2,752,985 |
Connecticut Public Affairs Network Inc Hartford, CT | $1,634,043 | $2,736,017 |
Philadelphia Public Access Corporation Philadelphia, PA | $5,102,264 | $1,817,054 |