Twin Cities Regional Cable Channel
- Assets
- $1.0m
- Revenue
- $162.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Minneapolis, MN
- Founding
- 12/1987
- Data as of
- 12/2022
- EIN
- 41-1574883
Organization Overview
Twin Cities Regional Cable Channel, operating under the name Metro Cable Network Inc, is located in Minneapolis, MN. The organization was established in 1987. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metro Cable Network 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 12/2022, Metro Cable Network Inc generated $162.4k 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 (13.8%) each year. All expenses for the organization totaled $155.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE METRO CABLE NETWORK DISTRIBUTES TO CABLE TELEVISION HOUSEHOLDS THROUGHOUT THE SEVEN-COUNTY METRO AREA NONCOMMERCIAL PROGRAMMING THAT REFLECTS THE INTERESTS AND CONCERNS OF THE DIVERSE COMMUNITIES THAT MAKE UP THAT REGION. THE CHANNEL STRIVES TO PRESENT A WEEKLY SCHEDULE THAT OFFERS A BROAD SPECTRUM OF CONTENT AND VIEWPOINTS AND PROVIDES A DISTINCTIVE SERVICE THAT IS NOT DUPLICATIVE OF THE PROGRAMMING ON OTHER CABLE CHANNELS.
Describe the Organization's Program Activity:
METRO CABLE NETWORK'S GOAL IS TO TRANSMIT LIVE OR TAPED PROGRAMMING IN AREAS OF GOVERNMENT, CULTURE, EDUCATION AND PUBLIC AFFAIRS OF INTEREST TO PERSONS IN THE SEVEN COUNTY METRO AREA OF MINNEAPOLIS AND ST PAUL METRO. CABLE NETWORK IMPROVED THE LOOK OF THE CHANNEL WITH THE INTERSTITIALS THAT INCLUDE PUBLIC SERVICE ANNOUNCEMENTS, MEMBER PROMOS AND SCHEDULES OF EACH PROGRAMMING DAY. IT ANIMATED THE CHANNEL 6 LOGO THAT IS SHOWCASED IN BETWEEN ALL PROGRAMS TO BRAND THE CHANNEL'S IDENTITY. THE LOOK CHANGES WITH THE SEASONS AND ON A REGULAR BASIS. THE INTERSTITIALS SHOWCASE THE ORGANIZATION'S 25TH YEAR CELEBRATION. THE STUDIO'S PRODUCTION AREA HAS BEEN UPGRADED WITH NEW CURTAINS AND A GREEN SCREEN. (SEE SCHEDULE O FOR ADDITIONAL INFORMATION) A SAMPLE OF THE PRODUCTIONS IN THE STUDIO INCLUDE AMERICA SALUTES - FOR HENNEPIN COUNTY VETERANS AFFAIRS A PUBLIC HEALTH JOURNAL (COLLABORATION FOR STATE OF MINNESOTA AND HENNEPIN COUNTY)ACTIVE AGING (EXERCISE PROGRAM WITH AND FOR SENIORS)HEAVEN (WHAT YOU NEED TO KNOW TO GET THERE) LIVE TO TAPE BEFORE A 50 MEMBER STUDIO AUDIENCE. MY PILLOW - TALK SHOW WITH HOST L HILL THE MIKE LINDELL SHOW - THE ORGANIZATION INCREASED OUR SOCIAL MEDIA WEB PRESENCE WHICH INCLUDES MOBILE,FACEBOOK, YOUTUBE AND TWITTER. EVERYONE CAN NOW VIEW CHANNEL 6 PRODUCTIONS ON YOUTUBE AND ON OUR WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pete Rhodes Chairman | OfficerTrustee | 1 | $0 |
Mike Martin Vice Chair | OfficerTrustee | 1 | $0 |
Norbert Kreuzer Board Member | OfficerTrustee | 1 | $0 |
Anthony Johnson Board Member | Trustee | 1 | $0 |
Stuart Devaan General Mana | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,193 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,193 |
| Total Program Service Revenue | $155,523 |
| 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 | $162,436 |
| 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 | $1,660 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $343 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,248 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,411 |
| Advertising and promotion | $2,619 |
| Office expenses | $1,148 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,364 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,211 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,480 |
| Insurance | $13,761 |
| All other expenses | $0 |
| Total functional expenses | $155,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,840 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,029 |
| 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 | $3,709 |
| Net Land, buildings, and equipment | $991,180 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,013,758 |
| Accounts payable and accrued expenses | $39,877 |
| Grants payable | $0 |
| Deferred revenue | $10,500 |
| 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 | $777,825 |
| Unsecured mortgages and notes payable | $3,800 |
| Other liabilities | $0 |
| Total liabilities | $832,002 |
| Net assets without donor restrictions | $181,756 |
| 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 | $1,013,758 |