Independent Television Service Inc
- Assets
- $37.7m
- Revenue
- $21.3m
- Investments
- $0.0
- Employees
- 77
- Location
- San Francisco, CA
- Founding
- 07/1994
- Data as of
- 09/2023
- EIN
- 52-1654276
Organization Overview
Independent Television Service Inc is located in San Francisco, CA. The organization was established in 1994. 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 09/2023, Independent Television Service Inc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Television Service 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 09/2023, Independent Television Service Inc generated $21.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $22.4m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.6%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE THE DIVERSITY AND INNOVATIVENESS OF TELEVISION PROGRAMMING AVAILABLE TO PUBLIC BROADCASTING
Describe the Organization's Program Activity:
Part 3 - Line 4a
ITVS CONTINUES TO OPERATE IN THE PUBLIC INTEREST, TO ENHANCE THE DIVERSITY & INNOVATIVENESS OF TV PROGRAMMING AVAILABLE - ADDRESSING THE NEEDS OF UN-SERVED/UNDER-SERVED AUDIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Jo Fifer President & CEO | OfficerTrustee | 40 | $268,157 |
John Cheng CFO | Officer | 40 | $238,430 |
James Sommers Sr. VP Content | 40 | $216,788 | |
Pamm Higgins Senior VP | 40 | $208,165 | |
Lisa Tawil VP Mar.&communica | 40 | $189,093 | |
Royd Chung VP Of Production | 40 | $189,093 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
West Monroe Partners Llc Evaluation Services | 9/29/23 | $170,000 |
Reeltime Color Editor | 9/29/23 | $382,787 |
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 | $21,039,332 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,039,332 |
| Total Program Service Revenue | $38,443 |
| Investment income | $214,513 |
| 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 | $21,292,564 |
| 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. | $892,368 |
| Compensation of current officers, directors, key employees. | $673,524 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,384,467 |
| Pension plan accruals and contributions | $539,098 |
| Other employee benefits | $739,387 |
| Payroll taxes | $530,540 |
| Fees for services: Management | $800 |
| Fees for services: Legal | $186,247 |
| Fees for services: Accounting | $41,061 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,852 |
| Fees for services: Other | $967,466 |
| Advertising and promotion | $807,219 |
| Office expenses | $52,545 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $764,557 |
| Travel | $153,036 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $323,030 |
| Interest | $17,325 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $56,758 |
| All other expenses | $251,613 |
| Total functional expenses | $22,379,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $3,401,497 |
| Pledges and grants receivable | $23,620,383 |
| 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 | $171,585 |
| Net Land, buildings, and equipment | $321,237 |
| Investments—publicly traded securities | $8,588,984 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,590,864 |
| Total assets | $37,694,850 |
| Accounts payable and accrued expenses | $1,332,987 |
| Grants payable | $10,050,395 |
| 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 | $374,389 |
| Other liabilities | $1,614,956 |
| Total liabilities | $13,372,727 |
| Net assets without donor restrictions | $24,322,123 |
| 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 | $37,694,850 |