Pac 14 Inc
- Assets
- $311.9k
- Revenue
- $401.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Salisbury, MD
- Founding
- 02/2010
- Data as of
- 06/2024
- EIN
- 27-1169839
Organization Overview
Pac 14 Inc is located in Salisbury, MD. The organization was established in 2010. 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 06/2024, Pac 14 Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pac 14 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 06/2024, Pac 14 Inc generated $401.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $370.4k during the year ending 06/2024. While expenses have increased by 6.3% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PUBLIC, EDUCATIONAL, AND GOVERNMENT ACCESS TV SERVICES THAT ARE STRICTLY NON-PROFIT AND NON-COMMERCIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PUBLIC, EDUCATIONAL, AND GOVERNMENT ACCESS TELEVISION SERVICES THAT ARE STRICTLY NON-COMMERCIAL AND NON-PROFIT TO WICOMICO, SOMERSET, AND WORCESTER COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Whitehead Chair | OfficerTrustee | 1 | $0 |
Aaron Gurlly Board Member | Trustee | 1 | $0 |
Mark Thompson Board Member | Trustee | 1 | $0 |
Sandra Pierson Board Member | Trustee | 1 | $0 |
Sharon Dashiell Board Member | Trustee | 1 | $0 |
Suzanna Mallow Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $383,681 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,404 |
| Noncash contributions included in lines 1a–1f | $8,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $394,085 |
| Total Program Service Revenue | $6,470 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,307 |
| Net Income from Fundraising Events | $681 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $401,482 |
| 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. | $64,339 |
| Compensation of current officers, directors, key employees. | $16,066 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $122,432 |
| Pension plan accruals and contributions | $3,053 |
| Other employee benefits | $71,201 |
| Payroll taxes | $14,148 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,540 |
| Advertising and promotion | $4,373 |
| Office expenses | $1,393 |
| Information technology | $1,170 |
| Royalties | $0 |
| Occupancy | $10,670 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,149 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,281 |
| Insurance | $9,022 |
| All other expenses | $1,623 |
| Total functional expenses | $370,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,396 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $42,360 |
| Accounts receivable, net | $0 |
| 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 | $5,132 |
| Net Land, buildings, and equipment | $83,054 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $311,942 |
| Accounts payable and accrued expenses | $11,357 |
| 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 | $0 |
| Total liabilities | $11,357 |
| Net assets without donor restrictions | $300,585 |
| 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 | $311,942 |
Grants Awarded
Over the last fiscal year, Pac 14 Inc has awarded $5,416 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF THE EASTERN SHORE PURPOSE: TO PARTICIPATE IN THE LOCAL COMMUNITY FOUNDATION ESTABLISHED TO PROVIDE GRANTS TO OTHER | $5,416 |