Ontario Educational Communications Authority
- Assets
- $67.3m
- Revenue
- $50.7m
- Investments
- $0.0
- Employees
- 282
- Location
- Founding
- 11/1982
- Data as of
- 03/2021
- EIN
- 75-1850754
Organization Overview
Ontario Educational Communications Authority, operating under the name Tvo, is located in null. The organization was established in 1982. 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 03/2021, Tvo employed 282 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tvo 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 03/2021, Tvo generated $50.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $49.2m during the year ending 03/2021. While expenses have increased by 0.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TVO IS ONTARIO'S PUBLIC EDUCATIONAL MEDIA ORGANIZATION AND A TRUSTED SOURCE OF INTERACTIVE EDUCATIONAL CONTENT THAT INFORMS, INSPIRES, AND STIMULATES CURIOSITY AND THOUGHT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSFORMATIVE LEARNING EXPERIENCES THAT HELP PEOPLE OF ALL AGES EXPLORE NEW PATHWAYS FOR SUCCESS IN EVERYDAY LIFE. TVO SEEKS TO REPRESENT THE VOICES OF COMMUNITIES ACROSS THE ENTIRE PROVINCE THROUGH DIVERSITY, EQUITY AND INCLUSION THROUGH CURRENT AFFAIRS JOURNALISM, DOCUMENTARIES AND PODCASTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Ferri Vp, Programming & Content | Officer | 35 | $0 |
Jennifer Hinshelwood COO | Officer | 35 | $0 |
Todd Slivinskas Chief Technology Officer | Officer | 35 | $0 |
Owen Lambert VP Prdct, Innvtn & Monetiztio | Officer | 35 | $0 |
James Mitchell Patten VP Stakeholder Engagement | Officer | 35 | $0 |
Rashmi Swarup Vp, Dig Learn & Edu Partner | Officer | 35 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phd Advertising | 3/30/21 | $874,460 |
Opgi Management Lp Building Services | 3/30/21 | $1,973,479 |
Google Llc Internet-related Ser | 3/30/21 | $493,214 |
Socan Rights Management | 3/30/21 | $341,382 |
Quay Media Services Video Production | 3/30/21 | $322,865 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $203,942 |
| Related organizations | $0 |
| Government grants | $40,528,523 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,545,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,277,690 |
| Total Program Service Revenue | $3,326,739 |
| Investment income | $367,569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $553,056 |
| Net Gain/Loss on Asset Sales | -$51,839 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,739,762 |
| 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. | $1,347,862 |
| Compensation of current officers, directors, key employees. | $648,877 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,445,106 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,898,482 |
| Payroll taxes | $0 |
| Fees for services: Management | $212,462 |
| Fees for services: Legal | $151,588 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $230,208 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,239,888 |
| Advertising and promotion | $1,690,575 |
| Office expenses | $30,717 |
| Information technology | $864,018 |
| Royalties | $6,398,926 |
| Occupancy | $2,134,905 |
| Travel | $27,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $695 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,031,675 |
| Insurance | $212,954 |
| All other expenses | $0 |
| Total functional expenses | $49,245,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,390,522 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,551,595 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,897 |
| Prepaid expenses and deferred charges | $801,049 |
| Net Land, buildings, and equipment | $9,511,247 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,024,297 |
| Total assets | $67,292,607 |
| Accounts payable and accrued expenses | $6,528,645 |
| Grants payable | $0 |
| Deferred revenue | $17,539,887 |
| 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 | $18,380,483 |
| Total liabilities | $42,449,015 |
| Net assets without donor restrictions | $2,293,704 |
| Net assets with donor restrictions | $22,549,887 |
| 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 | $67,292,607 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Arts Centre Corporation | $237,709,768 | $100,347,000 |
Royal Ontario Museum | $166,282,284 | $61,371,646 |
Royal Shakespeare | $206,454,836 | $53,293,786 |
Ontario Educational Communications Authority | $67,292,607 | $50,739,762 |
Coif Charities Investment Fund | $5,003,702,124 | $82,088,708 |
International Bureau Of Fiscal Documentation | $69,909,820 | $37,833,588 |