Wyoming-Kentwood Television Wktv
- Assets
- $1.4m
- Revenue
- $730.7k
- Investments
- $0.0
- Employees
- 11
- Location
- Wyoming, MI
- Founding
- 07/1985
- Data as of
- 06/2023
- EIN
- 38-2366525
Organization Overview
Wyoming-Kentwood Television Wktv is located in Wyoming, MI. The organization was established in 1985. 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 06/2023, Wyoming-Kentwood Television Wktv employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wyoming-Kentwood Television Wktv 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 06/2023, Wyoming-Kentwood Television Wktv generated $730.7k 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 (4.2%) each year. All expenses for the organization totaled $783.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE UTILIZATION OF THE PUBLIC ACCESS CABLE TV CHANNELS FOR BROADCAST TO THE COMMUNITIES SERVED BY WKTV
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE UTILIZATION OF THE PUBLIC ACCESS CABLE TV CHANNELS FOR BROADCAST TO THE COMMUNITIES SERVED BY WKTV
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Norton General Mana | Officer | 40 | $77,639 |
Michael Bacon Treasurer | OfficerTrustee | 1 | $0 |
Judy Bergsma President | OfficerTrustee | 1 | $0 |
Bob Brenzing Secretary | OfficerTrustee | 1 | $0 |
Suriya Davenport Board Member | Trustee | 1 | $0 |
Doug Jurgens Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $734,737 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,680 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $743,417 |
| Total Program Service Revenue | $1,104 |
| Investment income | $56 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,897 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $730,680 |
| 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 | $323,821 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,090 |
| Payroll taxes | $27,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,082 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,500 |
| Advertising and promotion | $5,182 |
| Office expenses | $4,919 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,683 |
| Travel | $9,109 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,899 |
| Interest | $8,847 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,972 |
| Insurance | $25,504 |
| All other expenses | $5,133 |
| Total functional expenses | $783,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $499 |
| Savings and temporary cash investments | $122,093 |
| 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 | $1,247,005 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,369,597 |
| Accounts payable and accrued expenses | $0 |
| 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 | $199,285 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $199,285 |
| Net assets without donor restrictions | $1,170,312 |
| 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 | $1,369,597 |