Universal Communications Network Inc
- Assets
- $43.9m
- Revenue
- $48.9m
- Investments
- $0.0
- Employees
- 108
- Location
- New York, NY
- Founding
- 02/2002
- Data as of
- 12/2022
- EIN
- 22-3850071
Organization Overview
Universal Communications Network Inc, operating under the name New Tang Dynasty, is located in New York, NY. The organization was established in 2002. 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 12/2022, New Tang Dynasty employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Tang Dynasty 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 12/2022, New Tang Dynasty generated $48.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $28.3m during the year ending 12/2022. While expenses have increased by 17.3% per year over the past 8 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION OPERATES NEW TANG DYNASTY TELEVISION (NTD), WHICH OFFERS UNCENSORED NEWS, YOUTH EDUCATION, AND OTHER CULTURAL MEDIA PROGRAMS TO THE PUBLIC.
Describe the Organization's Program Activity:
1) NTD GREATLY IMPROVED ENGLISH WEBSITE, AND BUILT UP FACEBOOK PAGES WHICHH ATTRACTED OVER MILLIONS OF FANS IN 2021. 2) NTD HOSTED AND PARTICIPATED IN VARIOUS COMMUNITY EVENTS IN NEW YORK, INCLUDING HEALTH FAIR, WELLNESS SEMINAR, LEGAL SEMINAR, IMMIGRATION SEMINAR, AND JOB MARKET, ETC. 3) NTD CONTINUED TO BE IN THE TOP 100 MOST WATCHED VIDEO CREATORS WITH BILLIONS OF VIDEO VIEWS ACROSS YOUTUBE, FACEBOOK, VINE AND INSTAGRAM ACCORDING TO TABULAR INSIGHTS. 4) IN 2021, NO COMPETITION WAS HELD DUE TO THE COVID-19 PANDEMIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jin Feng Member | Trustee | 40 | $115,643 |
Jingli Qu Staff | 40 | $114,000 | |
Weidong Yang Staff | 40 | $100,438 | |
William Cheung CFO | Officer | 20 | $0 |
Wanqing Huang Secretary | OfficerTrustee | 40 | $45,500 |
Zhong Tang President | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allen Brown Davidson Iii Social Media Program Host | 12/30/22 | $138,297 |
Guoyan Zhang Sales Associate | 12/30/22 | $121,000 |
Jin Feng Sales Associate | 12/30/22 | $115,643 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,955,607 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,955,607 |
| Total Program Service Revenue | $2,988,211 |
| Investment income | $2,424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $800 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$27,287 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,942,676 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,293,008 |
| 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. | $161,143 |
| Compensation of current officers, directors, key employees. | $32,229 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,270,306 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,867 |
| Payroll taxes | $288,278 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,990 |
| Fees for services: Accounting | $49,695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $518,882 |
| Advertising and promotion | $265,539 |
| Office expenses | $221,252 |
| Information technology | $1,041,723 |
| Royalties | $12,792 |
| Occupancy | $1,624,919 |
| Travel | $69,659 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $186,717 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $744,244 |
| Insurance | $99,917 |
| All other expenses | $389,036 |
| Total functional expenses | $28,278,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,705,798 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $721,206 |
| 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 | $31,582 |
| Net Land, buildings, and equipment | $14,937,630 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,531,857 |
| Total assets | $43,928,073 |
| Accounts payable and accrued expenses | $670,325 |
| 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 | $6,376,295 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $956,830 |
| Total liabilities | $8,003,450 |
| Net assets without donor restrictions | $35,924,623 |
| 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 | $43,928,073 |