Illinois Valley Public Telecommunications Corporation
- Assets
- $9.8m
- Revenue
- $4.3m
- Investments
- $1.9m
- Employees
- 39
- Location
- Peoria, IL
- Founding
- 03/1970
- Data as of
- 06/2021
- EIN
- 23-7041401
Organization Overview
Illinois Valley Public Telecommunications Corporation is located in Peoria, IL. The organization was established in 1970. 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 06/2022, Illinois Valley Public Telecommunications Corporation employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Valley Public Telecommunications Corporation 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 06/2021, Illinois Valley Public Telecommunications Corporation generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $3.9m during the year ending 06/2021. While expenses have increased by 2.1% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROVIDE NON-COMMERCIAL PUBLIC TELEVISION TO THE PEORIA COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TAX-EXEMPT PURPOSE IS TO PROVIDE NON-COMMERCIAL PUBLIC TELEVISION TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Rand Chairman Of The Board | OfficerTrustee | 1 | $0 |
Lesley Matuszak President And CEO | OfficerTrustee | 40 | $176,084 |
Sid Ruckriegel Vice Chairman Of The Board | OfficerTrustee | 1 | $0 |
Helen Barrick Treasurer | OfficerTrustee | 1 | $0 |
Alex Crowley Board Member | Trustee | 1 | $0 |
Kim Armstrong Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,767,669 |
| Investment income | $17,852 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $235,711 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $159,945 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,286,589 |
| 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. | $160,680 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,016,288 |
| Pension plan accruals and contributions | $216,400 |
| Other employee benefits | $0 |
| Payroll taxes | $81,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $177,932 |
| Office expenses | $185,850 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $209,066 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,616 |
| Interest | $48,595 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $327,244 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,910,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,506,801 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $125,829 |
| Accounts receivable, net | $117,654 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,564 |
| Prepaid expenses and deferred charges | $72,888 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,886,490 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,806,518 |
| Accounts payable and accrued expenses | $476,854 |
| 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 | $1,672,127 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,148,981 |
| 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 | $7,657,537 |