Fund For Innovative T V
- Assets
- $501.8k
- Revenue
- $633.2k
- Investments
- $0.0
- Employees
- 11
- Location
- Chicago, IL
- Founding
- 09/1990
- Data as of
- 12/2021
- EIN
- 36-3700892
Organization Overview
Fund For Innovative T V, operating under the name Mediaburn, is located in Chicago, IL. The organization was established in 1990. 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 12/2021, Mediaburn employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mediaburn 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 12/2021, Mediaburn generated $633.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $248.8k during the year ending 12/2021. While expenses have increased by 8.1% 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 FUND FOR INNOVATIVE TV HAS BEEN PRODUCING CHALLENGING DOCUMENTARY VIDEO AND TELEVISION SINCE 1990. IT CURRRENTLY OPERATES THE MEDIA BURN ARCHIVE, WHOSE MISSION IS TO USE ARCHIVAL MEDIA TO DEEPEN CONTEXT AND ENCOURAGE CRITICAL THOUGHT THROUGH A SOCIAL JUSTICE LENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED A SEARCHABLE VIDEO ARCHIVE - TRANSFERRED ARCHIVAL INDEPENDENTLY PRODUCED VIDEOTAPE TO DIGITAL MEDIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric W Kramer Treasurer | OfficerTrustee | 3 | $0 |
Thomas L Weinberg President | OfficerTrustee | 5 | $0 |
Dee Davis Vice President | OfficerTrustee | 2 | $0 |
Thea Flaum Secretary | OfficerTrustee | 1 | $0 |
Bob Hercules Director | Trustee | 1 | $0 |
Brian N Kramer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $504,726 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $554,156 |
| Total Program Service Revenue | $79,073 |
| Investment income | $0 |
| 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 | $633,229 |
| 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 | $127,781 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,782 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,628 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,366 |
| Advertising and promotion | $198 |
| Office expenses | $7,517 |
| Information technology | $5,140 |
| Royalties | $0 |
| Occupancy | $32,331 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,030 |
| Interest | $1,791 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,632 |
| Insurance | $2,416 |
| All other expenses | $6,246 |
| Total functional expenses | $248,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $461,531 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $37,218 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,031 |
| Total assets | $501,780 |
| Accounts payable and accrued expenses | $157 |
| 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 | $83,759 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,443 |
| Total liabilities | $88,359 |
| Net assets without donor restrictions | $413,421 |
| 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 | $501,780 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fund For Innovative T V has recieved totaling $41.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $41 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Window To The World Communications Inc Chicago, IL | $71,763,474 | $43,582,920 |
Metropolitan Indianapolis Public Media Inc Indianapolis, IN | $17,731,551 | $16,233,576 |
Friends Of Pbs Wisconsin Inc Madison, WI | $26,799,003 | $16,138,945 |
St Louis Regional Public Media Inc St Louis, MO | $26,775,325 | $12,788,840 |
Public Television 19 Inc Kansas City, MO | $18,158,327 | $13,527,106 |
Iowa Pbs Foundation Johnston, IA | $30,078,074 | $16,446,332 |
Gateway Creative Broadcasting Inc St Louis, MO | $19,428,346 | $7,335,279 |
Kentucky Educational Television Foundation Inc Lexington, KY | $11,286,111 | $8,939,208 |
Michiana Public Broadcasting Corporation South Bend, IN | $7,116,699 | $3,958,215 |
Illinois Valley Public Telecommunications Corporation Peoria, IL | $9,806,518 | $4,286,589 |
Fort Wayne Public Television Inc Fort Wayne, IN | $4,661,204 | $2,930,889 |
Northwest Indiana Public Broadcasting Inc Merrillville, IN | $3,583,676 | $2,469,139 |