Acadiana Open Channel Inc
- Assets
- $560.9k
- Revenue
- $633.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Lafayette, LA
- Founding
- 07/1982
- Data as of
- 06/2024
- EIN
- 72-0928450
Organization Overview
Acadiana Open Channel Inc is located in Lafayette, LA. The organization was established in 1982. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, Acadiana Open Channel Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acadiana Open Channel 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 06/2024, Acadiana Open Channel Inc generated $633.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $671.4k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC ACCESS TELEVISION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOCAL PROGRAM SERVICES, EVENTS, PRODUCTIONS, MESSAGE BOARD AND WORKSHOPS TO LAFAYETTE, LA THROUGH PUBLIC ACCESS TELEVISION CHANNELS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Messerly Exec Director | Officer | 40 | $43,269 |
Andre Williams Member | Trustee | 1 | $0 |
Ian Auzenne Member | Trustee | 1 | $0 |
Maniko Barthelemy Member | Trustee | 1 | $0 |
Alyssa Tarver Treasurer | Officer | 2 | $0 |
Maureen Dugas Foster Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,308 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $462,639 |
| All other contributions, gifts, grants, and similar amounts not included above | $156,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $627,172 |
| Total Program Service Revenue | $5,801 |
| 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 | $632,973 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $11,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $236,065 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $93,529 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,127 |
| Advertising and promotion | $0 |
| Office expenses | $9,942 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $132,217 |
| Travel | $90 |
| 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 | $8,208 |
| Insurance | $18,537 |
| All other expenses | $6,708 |
| Total functional expenses | $671,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,923 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $156,964 |
| Accounts receivable, net | $510 |
| 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 | $16,038 |
| Net Land, buildings, and equipment | $9,103 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $177,399 |
| Total assets | $560,937 |
| Accounts payable and accrued expenses | $11,413 |
| 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 | $182,586 |
| Total liabilities | $193,999 |
| Net assets without donor restrictions | $364,248 |
| Net assets with donor restrictions | $2,690 |
| 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 | $560,937 |