Benton Institute For Broadband & Society
- Assets
- $3.6m
- Revenue
- $1.5m
- Investments
- $2.2m
- Employees
- 0
- Location
- Wilmette, IL
- Founding
- 06/1950
- Data as of
- 12/2023
- EIN
- 13-6075750
Organization Overview
Benton Institute For Broadband & Society is located in Wilmette, IL. The organization was established in 1950. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benton Institute For Broadband & Society 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, Benton Institute For Broadband & Society generated $1.5m in total revenue. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 7.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Benton Institute For Broadband & Society has awarded 29 individual grants totaling $113,697. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BENTON INSTITUTE FOR BROADBAND & SOCIETY WORKS TO ENSURE THAT MEDIA AND TELECOMMUNICATIONS SERVE THE PUBLIC INTEREST AND ENHANCE OUR DEMOCRACY. WE PURSUE THIS MISSION BY:1. SEEKING POLICY SOLUTIONS THAT SUPPORT THE VALUES OF ACCESS, DIVERSITY AND EQUITY BY WORKING WITH POLICYMAKERS, PUBLIC INTEREST COMMUNICATIONS ADVOCATES AND REPRESENTATIVES FROM VULNERABLE POPULATIONS COMMUNITIES TO AFFECT TELECOMMUNICATIONS POLICY;2. DEMONSTRATING THE VALUE OF MEDIA AND TELECOMMUNICATIONS FOR IMPROVING THE QUALITY OF LIFE FOR ALL THROUGH RESEARCH AND SUPPORT OF PROJECTS THAT SERVE AS MODELS FOR CHANGE; AND3. PROVIDING RESOURCES TO POLICYMAKERS AND ADVOCATES AT THE FEDERAL, STATE AND LOCAL LEVELS TO INFORM COMMUNICATIONS POLICY DEBATES THROUGH DAILY UPDATES ON THE FIELD ALONG WITH ANALYSIS AND OPINION ON WHAT'S AT STAKE IN TELECOMMUNICATIONS DEBATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Austin Hirsch Chairman | 1 | $500 | |
Adrianne Furniss Executive Director | 40 | $138,400 | |
Michael Smith Treasurer | 1 | $500 | |
Kip Roderick Secretary & Dir. Of Operations | 40 | $84,400 | |
Mignon Clyburn Board Member | 1 | $500 | |
Elizabeth Daley Board Member | 1 | $1,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gigi Sohn | 12/30/23 | $154,574 |
Community Technology Advisors | 12/30/23 | $151,545 |
Andrew Schwartzman Llc | 12/30/23 | $55,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $735,892 |
| Interest on Savings | $0 |
| Dividends & Interest | $97,421 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $420,423 |
| Capital Gain Net Income | $420,423 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $264,422 |
| Total Revenue | $1,518,158 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $229,800 |
| Other employee salaries and wages | $354,805 |
| Pension plans, employee benefits | $72,756 |
| Interest | $0 |
| Taxes | $960 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $133,551 |
| Printing and publications | $0 |
| Other expenses | $211,338 |
| Total operating and administrative expenses | $1,552,958 |
| Contributions, gifts, grants paid | $9,500 |
| Total expenses and disbursements | $1,562,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $354,718 |
| Savings and temporary cash investments | $370,035 |
| Net Accounts receivable | $45,250 |
| Net Pledges Receivable | $617,030 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,856 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,577,953 |
| Accounts payable and accrued expenses | $32,953 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $32,953 |
Grants Awarded
Over the last fiscal year, Benton Institute For Broadband & Society has awarded $9,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TPRC INC PURPOSE: PUBLIC MEDIA | $2,000 |
PUBLIC KNOWLEDGE PURPOSE: PUBLIC MEDIA | $500 |
UNITED CHURCH OF CHRIST OC INC PURPOSE: EVERETT C PARKER LECTURE & AWARD | $1,500 |
FREE PRESS DC PURPOSE: PUBLIC MEDIA | $500 |
SCHOOLS HEATLH & LIBRARIES BROADBAND COALITION PURPOSE: PUBLIC MEDIA | $5,000 |