Montgomery Comm Television Inc
- Assets
- $3.0m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 58
- Location
- Rockville, MD
- Founding
- 08/1986
- Data as of
- 06/2022
- EIN
- 52-1372897
Organization Overview
Montgomery Comm Television Inc is located in Rockville, MD. The organization was established in 1986. 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 06/2022, Montgomery Comm Television Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery Comm Television 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 06/2022, Montgomery Comm Television Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. 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
MONTGOMERY COMMUNITY TELEVISION'S MISSION IS TO ENCOURAGE AND SPONSOR TELEVISION PROGRAMMING AND BROADBAND MEDIA THAT MEETS COMMUNITY NEEDS AND OFFER FORUMS FOR FREE EXPRESSION.
Describe the Organization's Program Activity:
THE CONTENT DEPARTMENT IS RESPONSIBLE FOR THE CREATION OF MEDIA INCLUDING VIDEO, PODCASTS, WEBSITE POSTS, AND SOCIAL MEDIA CHANNELS. THEY PRODUCE NEWS STORIES AND DISSEMINATE INFORMATION OF VITAL INTEREST TO RESIDENTS OF MONTGOMERY COUNTY.
TECHNOLOGY & NETWORK
THE EDUCATION AND COMMUNITY ENGAGEMENT DEPARTMENT (ECE) IS RESPONSIBLE FOR CREATING AND FACILITATING MULTIMEDIA TRAINING OPPORTUNITIES FOR MONTGOMERY COUNTY RESIDENTS, IN SUPPORT OF ORIGINAL CONTENT CREATION AND DISTRIBUTION. ECE MANAGES MEMBER COMMUNICATIONS, VOLUNTEER EVENTS AND ACTIVITIES, INCLUDING PROVIDING PRODUCTION SUPPORT FOR PRODUCERS AND TECHNICIANS.
THE PRODUCTION DEPARTMENT OVERSEES DAY-TO-DAY MANAGEMENT OF CREW SCHEDULING, EQUIPMENT, SCRIPTS, AND SET DESIGN IN SUPPORT OF PROVIDING THE COMMUNITY WITH ACCESS TO PRODUCE LOCAL PROGRAMMING ON OUR CHANNELS AND OTHER SOCIAL MEDIA PLATFORMS. IN ADDITION TO CREATING CONTENT FOR THE ORGANIZATION, THE PRODUCTION DEPARTMENT IS ALSO AVAILABLE FOR HIRE TO THE COMMUNITY, OFFERING HIGHLY COMPETITIVE RATES FOR MEDIA PRODUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Slavin President | OfficerTrustee | 5 | $0 |
Vernon Ricks Vice President | OfficerTrustee | 5 | $0 |
Roger Hayden Secretary | OfficerTrustee | 5 | $0 |
Juanita Farmer Treasurer | OfficerTrustee | 5 | $0 |
Ulysses Campbell Director | Trustee | 1 | $0 |
Monica Costa Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,203,362 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,999 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,219,361 |
| Total Program Service Revenue | $406,856 |
| Investment income | $17,321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,093 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,642,445 |
| 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. | $169,469 |
| Compensation of current officers, directors, key employees. | $35,205 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,566,590 |
| Pension plan accruals and contributions | $47,240 |
| Other employee benefits | $266,871 |
| Payroll taxes | $134,749 |
| Fees for services: Management | $42,655 |
| Fees for services: Legal | $360 |
| Fees for services: Accounting | $56,642 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,100 |
| Advertising and promotion | $11,103 |
| Office expenses | $24,821 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $456,414 |
| Travel | $4,296 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,657 |
| Insurance | $34,897 |
| All other expenses | $0 |
| Total functional expenses | $3,176,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $648,925 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $162,136 |
| 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 | $46,505 |
| Net Land, buildings, and equipment | $867,438 |
| Investments—publicly traded securities | $1,136,113 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,695 |
| Total assets | $2,976,812 |
| Accounts payable and accrued expenses | $220,128 |
| Grants payable | $0 |
| Deferred revenue | $7,500 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $72,721 |
| Total liabilities | $300,349 |
| Net assets without donor restrictions | $2,676,463 |
| 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 | $2,976,812 |