Kbtc Association
- Assets
- $1.9m
- Revenue
- $620.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Tacoma, WA
- Founding
- 12/2006
- Data as of
- 06/2022
- EIN
- 56-2551392
Organization Overview
Kbtc Association is located in Tacoma, WA. The organization was established in 2006. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Kbtc Association 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, Kbtc Association generated $620.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.4% each year . All expenses for the organization totaled $162.5k during the year ending 06/2022. While expenses have increased by 10.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ACTIVITIES OF KBTC/KCKA PUBLIC TV
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENGAGE VIEWERS, COMMUNITIES AND SUPPORTERS BY DELIVERING MEDIA EXPERIENCES THAT EDUCATE, INSPIRE AND ENTERTAIN. KBTC'S VISION IS TO BE AN ACTIVE MEMBER OF THE COMMUNITY - SPREADING AWARENESS, CELEBRATING DIVERSITY AND ILLUMINATING THE PATHS OF SOCIAL DISCOURSE AND GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Ornstil Board Secretary | OfficerTrustee | 1 | $0 |
Dean Hanks Board Treasurer | OfficerTrustee | 1 | $0 |
Mark Siegel Board Chair | OfficerTrustee | 1 | $0 |
Dave Turk Board Vice Chair | OfficerTrustee | 1 | $0 |
Jessica Baggett Member | Trustee | 1 | $0 |
Carla Santorno Member | Trustee | 1 | $0 |
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 | $524,718 |
| Noncash contributions included in lines 1a–1f | $31,394 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $524,718 |
| Total Program Service Revenue | $0 |
| Investment income | $43,280 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,713 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $620,711 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,584 |
| Fees for services: Investment Management | $7,159 |
| Fees for services: Other | $101,941 |
| Advertising and promotion | $4,323 |
| Office expenses | $3,584 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,883 |
| All other expenses | $0 |
| Total functional expenses | $162,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $688,728 |
| Savings and temporary cash investments | $290,991 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $965,729 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,945,448 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,945,448 |
| 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 | $1,945,448 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kbtc Association has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Zari And Gregory Semerdjian Charitable Foundation Tacoma, WA PURPOSE: SUPPORT EDUCATIONAL KIDS AND YOUTH SHOWS | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Museum Of Flight Foundation Seattle, WA | $316,961,475 | $40,753,721 |
All Classical Public Media Inc Portland, OR | $12,996,411 | $4,875,278 |
Oregon Shakespearean Festival Endowment Fund Inc Ashland, OR | $33,018,945 | $1,149,955 |
Henry Gallery Association Inc Seattle, WA | $28,956,119 | $4,211,330 |
Wing Luke Memorial Foundation Seattle, WA | $11,076,869 | $11,490,156 |
Anchorage Museum Foundation Anchorage, AK | $43,139,923 | $4,285,923 |
Jack And Shirley Mcintyre Foundation Camano Island, WA | $7,434,116 | $1,587,086 |
Numerica Performing Arts Center Wenatchee, WA | $4,487,181 | $1,049,987 |
Northwest Regional Esd Foundation Hillsboro, OR | $73,778 | $1,010,317 |
Kboo Foundation Portland, OR | $1,209,758 | $994,891 |
Lincoln Theatre Center Foundation Mount Vernon, WA | $898,508 | $1,072,552 |
Swedish Club Foundation Seattle, WA | $5,030,942 | $1,500,108 |