Cable Center
- Assets
- $57.8m
- Revenue
- $1.1m
- Investments
- $35.0m
- Employees
- 15
- Location
- Denver, CO
- Founding
- 10/2004
- Data as of
- 12/2020
- EIN
- 20-0315238
Organization Overview
Cable Center is located in Denver, CO. The organization was established in 2004. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2021, Cable Center employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cable Center 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 12/2020, Cable Center generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CABLE CENTER PROVIDES EDUCATION AND INFORMATION TO THE CABLE INDUSTRY AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BARCO LIBRARY: IN 2021, EFFORTS CONTINUED IN COLLECTING AND DEVELOPMENT OF THE WORLD'S LARGEST COLLECTION OF PRINTED RESOURCES AND EQUIPMENT EXCLUSIVELY REGARDING THE CABLE INDUSTRY. THE COLLECTION IS ROUTINELY CONSULTED BY PROFESSIONALS WORKING ON WIDE RANGING PROJECTS - FROM DOCUMENTARIES AND NEWS PRODUCTIONS TO BOOK AND PUBLICATIONS. INCLUDED IN THE BARCO LIBRARY HOLDINGS ARE THE FOLLOWING TYPES OF MATERIALS: AUDIO AND VIDEO RECORDINGS THAT TELL THE STORIES OF OUR INDUSTRY'S ICONS AND INFLUENCERS; CABLE-SPECIFIC BOOKS AND INDUSTRY-SPECIFIC TRADE PERIODICALS; EQUIPMENT AND ARTIFACTS TRACING THE TECHNOLOGICAL ADVANCES OF THE CABLE INDUSTRY MORE THAN 120 COLLECTIONS CONTAINING THE CORRESPONDENCE, MEMORANDA DRAWINGS AND OTHER PAPERS OF INDUSTRY NOTABLES; ORIGINAL PRINTS, NEGATIVES, SLIDES AND DIGITAL PHOTOS CHRONICLING THE PICTORIAL HISTORY OF THE CABLE INDUSTRY; AND ITEMS COMMEMORATING THE INDUSTRY'S PEOPLE, ORGANIZATIONS AND EVENTS. THERE IS ALSO A WIDE ARRAY OF VIDEOS FEATURING PROGRAMS, CABLE SHOWS, TRAINING AND PEOPLE INVOLVED IN THE CABLE INDUSTRY.
CUSTOMER EXPERIENCE MANAGEMENT AND THE CABLE CENTER CUSTOMER CARE COMMITTEE (C5): THE CENTER HAS BEEN AT THE FOREFRONT OF THE CUSTOMER EXPERIENCE MOVEMENT FOR MORE THAN A DECADE AND STRIVES TO BE THE HOME OF THOUGHT LEADERSHIP AND RESEARCH REGARDING CUSTOMER EXPERIENCE.
THE CABLE CENTER'S INTRAPRENEURSHIP ACADEMY (IA) PROVIDES CABLE AND CONNECTIVITY INDUSTRY RISING STARS WITH THE SKILLS AND MINDSET TO BECOME INTRAPRENEURS: TO ENVISION AND EFFECT CHANGE AND TO INNOVATE WITHIN THEIR ORGANIZATIONS' EXISTING CORPORATE STRUCTURES. WE BELIEVE INNOVATION CAN BE APPLIED IN ANY FACET OF YOUR WORK - PROCESSES, PRODUCTS, PROGRAMS, PEOPLE AND TECHNOLOGIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jana Henthorn President And CEO | OfficerTrustee | 50 | $311,931 |
Diane Christman Cpo | Officer | 50 | $213,691 |
Michael Wilner Chairman | OfficerTrustee | 1 | $0 |
Jeffrey Demond Vice Chairman | OfficerTrustee | 1 | $0 |
David Van Valkenburg Secretary/treasurer | OfficerTrustee | 1 | $0 |
Gregg Scott CFO (consultant) | Officer | 32 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mile Zero Llc Consulting | 12/30/21 | $145,954 |
Prism Financial Partners Llc Accounting/cfo | 12/30/21 | $217,375 |
The Primavera Group Marketing | 12/30/21 | $200,768 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $666,424 |
| Investment income | $486,369 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$230,626 |
| Net Gain/Loss on Asset Sales | -$39,794 |
| Net Income from Fundraising Events | $4,400 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,120,958 |
| Statement of Expenses | |
|---|---|
| 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. | $554,747 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $340,293 |
| Pension plan accruals and contributions | $20,696 |
| Other employee benefits | $160,987 |
| Payroll taxes | $107,746 |
| Fees for services: Management | $190,675 |
| Fees for services: Legal | $5,447 |
| Fees for services: Accounting | $36,036 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $236,212 |
| Fees for services: Other | $444,042 |
| Advertising and promotion | $2,935 |
| Office expenses | $60,297 |
| Information technology | $63,381 |
| Royalties | $0 |
| Occupancy | $397,718 |
| Travel | $23,095 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $101,260 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $385,805 |
| Insurance | $53,609 |
| All other expenses | $0 |
| Total functional expenses | $3,681,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,412,589 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $142,600 |
| Accounts receivable, net | $10,015 |
| 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 | $217,593 |
| Investments—publicly traded securities | $7,002,681 |
| Investments—other securities | $34,954,755 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,833,752 |
| Accounts payable and accrued expenses | $246,046 |
| Grants payable | $0 |
| Deferred revenue | $500,685 |
| 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 | $4,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,746,731 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $53,087,021 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cable Center has recieved totaling $72,700.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
The Julian A And Lois G Brodsky Foundation Philadelphia, PA PURPOSE: TO HELP FUND THE OPERATING BUDGETS OF THE CHARITABLE ORGANIZATIONS. | $12,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,200 |
Endowment Analysis
| Beg. Balance | $40,191,958 |
| Earnings | $3,297,141 |
| Other Expense | $2,000,000 |
| Ending Balance | $41,489,099 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
Washburn University Foundation Topeka, KS | $212,049,839 | $17,810,833 |
Fort Hays State University Foundation Hays, KS | $117,134,366 | $18,921,024 |
University Of Northern Colorado Foundation Inc Greeley, CO | $134,921,327 | $19,470,249 |
Wgu Advancement Salt Lake City, UT | $262,529 | $10,776,481 |
Emporia State University Foundation Emporia, KS | $139,579,484 | $15,768,413 |
University Of Utah Research Foundation Salt Lake City, UT | $360,749,047 | $26,132,674 |
Colorado Mesa University Foundation Grand Junciton, CO | $51,533,089 | $12,141,497 |
Dsst Public Schools Foundation Denver, CO | $32,542,761 | $13,664,687 |
Casper College Foundation Casper, WY | $118,882,238 | $11,522,950 |
San Tan Montessori School Inc Gilbert, AZ | $28,267,534 | $9,003,617 |