Impact Television Network
- Assets
- $204.9k
- Revenue
- $324.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Sacramento, CA
- Founding
- 07/2007
- Data as of
- 12/2022
- EIN
- 34-2007696
Organization Overview
Impact Television Network is located in Sacramento, CA. The organization was established in 2007. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Impact Television Network employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact Television Network 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, Impact Television Network generated $324.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $329.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RECOGNIZE, SOURCE, CREATE PACKAGE AND PRESENT WORLD CLASS RELIGIOUS, FAMILY ORIENTED, PROPHETIC EDUCATIONAL CONTENT IN A SPIRIT OF EXCELLENCE ACROSS THE GLOBE AND INTO EVERY NATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TELEVISION STATION DEDICATED TO PROMOTION OF POSITIVE MORAL VALUES
TO RECOGNIZE, SOURCE, CREATE AND ACKNOWLEDGE AND PRESENT WORLD CLASS RELIGIOUS, FAMILY-ORIENTED, PROPHETIC, EDUCATIONAL CONTENT IN A SPIRIT OF EXCELLENCE ACROSS THE GLOBE INTO EVERY NATION, RECONCILING MAN, WOMAN AND CHILD WITH GOD BY TEH POWER OF THE HOLY GHOST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yuriy Chernyetsky President & | Officer | $0 | |
Inna Chernyetsky Secretary | Officer | $0 |
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 | $148,035 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,035 |
| Total Program Service Revenue | $176,148 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $324,208 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,296 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,316 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,790 |
| Advertising and promotion | -$1,051 |
| Office expenses | $354 |
| Information technology | $224,724 |
| Royalties | $0 |
| Occupancy | $39,092 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | -$189 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $455 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $329,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,798 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,550 |
| 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 | $0 |
| Net Land, buildings, and equipment | $53,592 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $204,940 |
| Accounts payable and accrued expenses | -$168 |
| 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 | $41,691 |
| Other liabilities | $98,105 |
| Total liabilities | $139,628 |
| Net assets without donor restrictions | $65,312 |
| 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 | $204,940 |
Grants Awarded
Over the last fiscal year, Impact Television Network has awarded $53,188 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Woodstock, GA PURPOSE: Outreach Programs | $16,000 |
Woodstock, GA PURPOSE: Outreach Programs | $16,000 |
Broomfield, CO PURPOSE: Mission Service | $10,594 |
Broomfield, CO PURPOSE: Mission Service | $10,594 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Impact Television Network has recieved totaling $15,955.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,912 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Energy Supply Cooperative Portland, OR | $4,850,835 | $9,634,429 |
Haven Ministries Riverside, CA | $2,297,820 | $5,311,221 |
White Horse Inc San Diego, CA | $4,873,763 | $2,976,730 |
Living Waters Publications Bellflower, CA | $5,056,879 | $4,625,688 |
Trans Church Research Irvine, CA | $2,285,158 | $2,675,184 |
Quiet Hour Redlands, CA | $7,611,407 | $1,956,518 |
The Tidings Los Angeles, CA | $212,677 | $1,691,823 |
Sean Feucht Ministries Inc Redding, CA | $4,625,342 | $5,314,148 |
Hope Of All Nations Westminster, CA | $124,685 | $892,650 |
Catholic Broadcasting Northwest Inc Portland, OR | $3,843,580 | $1,017,523 |
Elijah List Ministries Inc Albany, OR | $831,154 | $1,544,008 |
Hischannel Ministries Santa Ana, CA | $555,267 | $1,103,089 |